Mission IAS (Day-12)

Q.1) Global Go To Think Tank Index Report is released by
a) Lauder Institute, Pennsylvania University
b) Harvard Kennedy School
c) Lee Kuan Yew School of Public Policy
d) OECD
Solution (a)
Global Go To Think Tank Index Report 2016 released annually by the Lauder Institute of
Pennsylvania University, US.
In News - http://www.business-standard.com/article/current-affairs/orf-emerges-top-
indian-think-tank-in-asia-category-ranks-5th-out-of-90-117012700356_1.html

Q.2) In contex with the business and banking, what is CRAR?
a) Credit to Risk Asset Ratio
b) Capital to Risk Asset Ratio
c) Credit to Risk Assessment Ratio
d) Credit Rate Asset Ratio

Solution (b)
The capital adequacy ratio (CAR) is a measure of a bank's capital. It is expressed as a percentage of a bank's risk weighted credit exposures.Also known as capital-to-risk weighted assets ratio (CRAR), it is used to protect depositors and promote the stability and efficiency of financial systems around the world. Two types of capital are measured: tier one capital, which can absorb losses without a bank being required to cease trading, and tier two capital, which can absorb losses in the event of a winding-up and so provides a lesser degree of protection to depositors.
Also known as "Capital to Risk Weighted Assets Ratio (CRAR).''

Q.3) Global Risks Report 2017 was released by
a) World Economic Forum
b) APEC
c) IMF
d) World Bank
Solution (a)
In News - http://www.livemint.com/Opinion/5fBnQublJC9kyIWdsqUqYL/WEF-Global-Risk-Report-holds-a-mirror-to-India.html

Q.4) Economic planning refers to
a) Planning of manpower
b) Acquisition of foreign capital
c) Allocation of resources
d) Mobilisation of taxes
Solution (c)
It involves allocation resources across different sectors of the economy in tandem with the
specified objectives. It involves selection choices like development of agricultural sector or industrial sector, public sector or private sector involvement, closed economy or open economy model. Indian planning strategies can be split into two phases: pre-1991 phase and post – 1991 phase.

Q.5) Mutual funds are regulated by
a) Association of Mutual Funds of India (AMFI)
b) IRDA
c) RBI
d) None of the above
Solution (d)
Mutual funds is regulated by SEBI.
Consider the following statements about H-1B visa
1. It allows U.S. employers to temporarily employ foreign workers in specialty occupation.

6. It is a non-immigrant visa
Which of the following statements is/are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Solution (c)
The H-1B is a non-immigrant visa in the United States under the Immigration and Nationality
Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in
specialty occupations. If a foreign worker in H-1B status quits or is dismissed from the
sponsoring employer, the worker must either apply for and be granted a change of status to
another non-immigrant status, find another employer (subject to application for adjustment
of status and/or change of visa), or leave the U.S.
In News - http://www.livemint.com/Industry/TuehxE1ZpalYexm5jKJCvO/What-H1B-visa-
reforms-mean-for-Indian-IT-companies.html
Q.7) Consider the following statements about Nuclear Icebreakers
1. It is a nuclear-powered ship purpose-built for use in waters covered with ice
2. The only country constructing nuclear-powered icebreakers is Russia
Which of the following statements is/are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Solution (c)
A nuclear-powered icebreaker is a nuclear-powered ship purpose-built for use in waters covered with ice. The only country constructing nuclear-powered icebreakers is Russia.
Nuclear-powered icebreakers have been constructed by the USSR and later Russia primarily to aid shipping along the Northern Sea Route in the frozen Arctic waterways north of
Siberia. Nuclear-powered icebreakers are much more powerful than their diesel-powered
counterparts, and although nuclear propulsion is expensive to install and maintain, very heavy fuel demands and limitations on range can make diesel vessels less practical and economical overall for these ice-breaking duties.
In News - http://www.thehindu.com/news/international/Russia-makes-big-military-push-in-Arctic/article17124634.ece

Q.8) ‘Gyan Sangam’ is concerned with
a) Water Sharing
b) Banks
c) Micro, Small and Medium Enterprises
d) Observer Research Foundation
Solution (b)
In News - http://www.thehindu.com/business/Banks%E2%80%99-%E2%80%98Gyan-Sangam%E2%80%99-to-discuss-digitisation-consolidationatPSBsarticle17117836.ece

Q.9) ADIP Scheme comes under the Ministry of
a) Social Justice and Empowerment
b) Health and Family Welfare
c) Human Resource Development
d) None of the above
Solution (a)
Assistance to Disabled persons for purchasing / fitting of aids / appliances (ADIP) scheme
Read More - http://vikaspedia.in/social-welfare/differently-abled-welfare/schemes-
programmes/adip-scheme
In News - http://www.business-standard.com/article/politics/narendra-modi-s-first-visit-
to-sikkim-116011800003_1.html
Q.10) The Supreme Court appointed a four-member Committee of Administrators to
implement the Justice Lodha Committee recommendations. The Committee is headed by
a) Ramachandra Guha
b) Diana Edulji
c) Vikram Limaye
d) Vinod Rai
Solution (d)
The COA will be led by former Comptroller and Auditor General of India Vinod Rai.The other members include historian Ramachandra Guha, MD of Infrastructure
Development Finance Company (IDFC) Vikram Limaye and former India women’s captain Diana Edulji
In News - http://www.thehindubusinessline.com/news/sports/supreme-court-appoints-4member-panel-of-administrators-led-by-vinod-rai-to-run-bcci/article9509456.ece

Q.11) Consider the following statements about SWAYAM platform
1. It is an Information Technology platform which will host Massive Open Online Courses (MOOCs) for Under Graduate and Post Graduate students only
2. It is indigenously developed by Ministry of Human Resource Development (MHRD)
and All India Council for Technical Education (AICTE)
Which of the following statements is/are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2

Solution (b)
SWAYAM platform is indigenously developed by Ministry of Human Resource Development (MHRD) and All India Council for Technical Education (AICTE) with the help of Microsoft and would be ultimately capable of hosting 2000 courses and 80000 hours of learning: covering school, under-graduate, post-graduate, engineering, law and other professional courses.
In News - http://pib.nic.in/newsite/PrintRelease.aspx?relid=157839

Q.12) Global Education Monitoring Report is released by
a) International Baccalaureate
b) UNESCO
c) Quacquarelli Symonds (QS)
d) None of the above
Solution (b)
In News - http://pib.nic.in/newsite/erelcontent.aspx?relid=155098

Q.13) Recently ‘DARPGSEVA’ was in news. It is
a) Anti-ballistic missile jointly developed by India and Israel
b) Genome editing technique
c) Rocket launcher by SpaceX
d) None of the above
Solution (d)
It is a Twitter Seva initiative of the Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions.The Twitter Seva aims to address issues relating to the DARPG like Public Grievances and Administrative Reforms etc.
The Twitter Seva will enable the DARPG to reach out to the common public and various stakeholders for facilitating redress of grievances and other issues of importance relating to the department.
In News - http://www.business-standard.com/article/government-press-release/darpg-
starts-darpgseva-to-address-issues-related-to-public-grievances-and-
117020101086_1.html

Q.14) Recently Union Minister for Water Resources, River Development and Ganga Rejuvenation announced that ‘Water Day’ will be celebrated on “X personality’s”birthday. Who is that personality?
a) Dr. B R Ambedkar
b) Lal Bahadur Shastri
c) Mahatma Gandhi
d) Vallabhbhai Patel
Solution (a)
Lauding the contribution of Dr. B R Ambedkar in water resources management of the
country Union Minister for Water Resources, River Development and Ganga Rejuvenation
Sushri Uma Bharti has announced that his birth day 14th April will be celebrated as “Water
Day"

Q.15) Consider the following statements about National Career Service (NCS) Portal
1. It is implemented by Ministry of Skill Development and Entrepreneurship
2. National Employment Service comprising a network of 978 Employment Exchanges has been transformed into National Career Service (NCS) by leveraging information technology to improve the delivery of services.
Which of the following statements is/are incorrect?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Solution (a)
National Career Service (NCS) Project for transformation of the National Employment Service to provide a variety of employment related services like job matching, career counselling, vocational guidance, information on skill development courses. Launched by Ministry of Labour and Employment. Working —
 NCS portal provides a nation-wide online platform for jobseekers and employers for job matching in a dynamic, efficient and responsive manner.
 The NCS will make available a rich repository of career content about 3000 occupations across 53 sectors.
 States have been requested to publicize usage of the of the NCS portal for posting vacancies and job matching