Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 05 July 2022
Q1. Consider the following statements:
1. India has ratified the Trade Facilitation Agreement of WTO.
2. TFA is a part of WTO’s Bali Ministerial Package of 2013.
3. TFA came into force in January 2016.
Which of the statements given above is/are correct?
a) 1 and 2 only
b) 1 and 3 only
c) 2, and 3
d) All of the above
Answer: (A)
Explanation:
- Trade Facilitation Agreement was negotiated at the 2013 Bali Ministerial Conference.
- It entered into force on 22 February 2017 following its ratification by two-thirds of the WTO members.
- India ratified TFA in 2016.
- The TFA contains provisions for expediting the movement, release, and clearance of goods, including goods in transit.
- It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.
- It further contains provisions for technical assistance and capacity building in this area.
- Hence, the third statement is incorrect.
Q2. Who publishes the Special 301 report?
A) US Trade Representative
B) Interpol
C) WTO
D) WHO
Answer: (A)
Explanation: USTR publishes the Special 301 Report.
Q3. Consider the following statements about Special Economic Zone:
1. It is an area which are physically different and separated
from the rest of the country to boost economic activities like Island.
2. Companies in special economic zone required no license for import.
3. Kandla was Asia’s first Export Processing Zone (EPZ) for promoting export.
Which of the statements given above is/ are correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of these
Answer: (B)
Explanation:
- Special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country.
- No license required for import in Special economic zone (SEZ).
- In fact, Asia’s first EPZ was established in 1965 at Kandla, Gujarat state.
Q4. Which of these are part of the State List under the Seventh Schedule of the Indian Constitution?
1. Agriculture
2. Health
3. Police
Choose the correct answer using the code given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: (D)
Explanation: Agriculture, Health, and Police come under the state list of the Seventh Schedule of the Indian Constitution.
Q5. Which of the following can be removed from the office by a resolution of the house passed by a majority of “all the then members of the house”?
1. Speaker of Lok Sabha and State Legislative Assembly.
2. Deputy Speaker of Lok Sabha and State Legislative Assembly.
3. The Vice-president of India
Choose the correct answer using the code given below:
a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: (D)
Explanation:
- Effective Majority of the house means more than 50% of the effective strength of the house. This implies that out of the total strength, we deduct the vacant seats. When the Indian Constitution mentions “all the then members”, that refers to the effective majority.
- The effective majority is used in the case of:
- Removal of the Vice-president of India.
- Removal of Speaker and Deputy Speaker of Lok Sabha and State Legislative Assembly.
