Current Affairs Questions

Extra Neutral Alcohol

Recently, Indian alcohol manufacturers have approached NITI Aayog, seeking exemption of import duty on Extra Neutral Alcohol (ENA).Consider the following statements about the ENA:

  1. Extra Neutral Alcohol is a byproduct of the sugar industry, and is formed from molasses that are a residue of sugarcane processing.
  2. It is the primary raw material for making alcoholic beverages.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Hornbill Festival

Among which of the following Indian states, the famous Hornbill Festival is being celebrated every year with great zeal?

A
Assam
B
Nagaland
C
Meghalaya
D
Arunachal Pradesh

Power Of Siberia

Recently, in collaboration with which of the following given countries, Russia inaugurated cross border gas pipeline named Power of Siberia?

A
China
B
Kazakhstan
C
Mongolia
D
Azerbaijan

Instrument In Support Of Trade Exchanges

Consider the following given statements about the Instrument in Support of Trade Exchanges (INSTEX):

  1. INSTEX was established by France, Germany and the United Kingdom in January 2019, to allow European entities to maintain trade with Iran.
  2. The Paris-based INSTEX functions as a clearing house allowing Iran to continue to sell oil and import other products or services in exchange.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Tanbo Art

Consider the following statements about the Tanbo Art:

  1. Tanbo Art is a rice paddy art developed by the Chinese farmers to beautify their paddy fields.
  2. In this art, farmers use different dyes and colours in order to beautify their paddy fields.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

G20

On 1st December, 2019, Saudi Arabia became the first Arab nation to take over the G20 Presidency. Consider the following statements about the G20:

  1. The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank.
  2. It was formed in 1999, in the wake of the Asian financial crisis, to unite finance ministers and central bankers from the world’s largest established and emerging economies.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

International Organisation For Migration

As per International Organisation for Migration’s (IOM) latest report, ‘Global Migration Report 2020’, India continues to be the largest country of origin of international migrants with a 17.5 million-strong diaspora across the world.Consider the following statements about the IOM:

  1. Established in 1952, IOM is the leading inter-governmental organization in the field of migration and works closely with governmental, intergovernmental and non-governmental partner.
  2. IOM works in the three broad areas of migration management: Migration and Development; Facilitating Migration and Regulating Migration.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Accelerator Lab

Recently, the United Nations Development Programme (UNDP) launched its Accelerator Lab in India in collaboration with Atal Innovation Mission. Consider the following statements about the Accelerator Lab:

  1. The Accelerator Lab is an innovative new initiative by the UNDP, State of Qatar and the Federal Republic of Germany to find 21st century solutions to today's complex new challenges.
  2. The Indian lab will be among the 60 global ones that will find, test and try to scale up innovative solutions that can help combat both climate change and social inequity.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Defence Acquisition Council

Recently, the Defence Acquisition Council (DAC) has approved the procurement of weapons and equipment worth Rs. 22,800 crore. Consider the following statements about the Defence Acquisition Council (DAC):

  1. The DAC is Defence Ministry’s highest decision making body for capital acquisition proposals forwarded by the Indian armed forces.
  2. It is responsible to give policy guidelines to acquisitions, based on long-term procurement plans.
  3. It also clears all acquisitions, which includes both imported and those produced indigenously or under a foreign license.

Choose the correct answer from the codes given below:

A
1 and 2
B
2 and 3
C
1 and 3
D
1, 2 and 3

Shadow Banking

Consider the following statements about the Shadow Banking:

  1. The shadow banking system is made up of financial entities which have the same functions as traditional banks but which are subject to little, if any, regulation.
  2. Shadow banking includes money market funds, private equity funds, hedge funds, securitisation, securities lenders, and structured investment vehicles.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2
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