GK Quiz | 20 April 2020

1. Which of the following is true about FDI rules in India?

1. A citizen or an entity from Nepal can invest in India in any allowed sector through the government route only.
2. The FDI projects which need government approval are to be referred to the respective departments which will make the decisions in consultation with the Department for Promotion of Industry and Internal trade.
3. In Real Estate, business FDI is allowed through government route only.
4. FDI rules are also covered under the Foreign Exchange Management Act 1999 under which RBI has certain powers.

Select the correct answer from the codes given below:

1. 1,2,3,4
2. 1,2,4
3. 2,3,4
4. 1,3,4

Ans. B

Explanation

According to the new rules notified by the government, any FDI coming from China, Nepal, Pakistan, Bhutan, Bangladesh, Myanmar and Afghanistan (countries making a territorial border with India) will have to take the government approval, i.e. such projects first have to be filed on Foreign Investment Facilitation Portal, which facilitates single-window clearance under DPIIT under Ministry of Commerce. The projects will then be sent to respective departments/ ministries by DPIIT for approval.

FDI is prohibited under the following categories-

• Lotteries including government or private lotteries, online lotteries, etc.
• Gambling, betting including casinos, etc.
• Chit funds
• Nidhi company
• Real estate business or construction of farmhouses. However, construction of townships, residential or commercial premises, roads, bridges and Real Estate Investment trust registered with SEBI are not included.
• Cigars, cheroots, cigarillos, and cigarette manufacture
• Sectors that are not open to private investment like atomic energy, railway operations (permitted activities excluded), etc..
• Trading in Transferable Development Rights (TDRs) which means certificates issued in respect of land acquired for public purposes, either by the Central or State.

FDI is also covered under the Foreign Exchange Management Act under which RBI has the power to place restrictions on capital account transactions.

Hence, the correct answer is B.

 

2. Out of Shadow Index is released by which of the following?

1. Economic Intelligence Unit
2. Financial Action Task Force
3. International Monetary Fund
4. World Bank

Ans. A

Explanation

Out of Shadow Index is released by the Economic Intelligence Unit. The index ranks the countries based on child sexual abuses reported in various countries. According to the index, India ranks 1^st in case of child sexual abuse with a total of 11.7% cases followed by Pakistan.

Hence, the correct answer is A.

 

3. Virtual Global Taskforce is related to which of the following purposes?

1. Dealing with international drug menace.
2. A virtual platform to share terror-related information among the member states.
3. A group of various law enforcement agencies of various countries who deal with issues of child pornography.
4. None of the above

Ans. C

Explanation

Virtual Global Task Force is a group of various law enforcement agencies and NGOs of various countries that deal with issues of virtual child pornography. India is not a part of it. However, INTERPOL is a member of this group through which India can take assistance.

Hence, the correct answer is C.

 

4. Which of the following is true about Khot?

1. It is a rice beer produced in Manipur.
2. Tangkhul tribe is known for the production of rice beer.
3. Both A and B
4. None of the above is true

Ans. C

Explanation

Khot is a rice beer produced by the Tangkhul tribe of Manipur. Various varieties are produced. It is used for general drinking and medicinal purpose.

Hence, the correct answer is C.

 

5. Which of the following practices from India are included in UNESCO Intangible Cultural Heritage?

1. Ram Lila
2. Kumbh Mela
3. Chhau Dance
4. Pachoti of Assam
5. Vedic Chanting

Select the correct answer from the codes given below:

1. 1,2,3,4,5
2. 1,2,3 5 only
3. 2,3,4 and 5 only
4. 1,3,4,5

Ans.  B

Explanation

UNESCO’s intangible cultural heritage list is declared following the Convention for the Safeguarding of the Intangible Heritage and encompass skills, knowledge, expressions, practices, etc. along with artifacts associated with them in the list. The list is published by the Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage of UNESCO. List of intangible practices included in the list are-

• Ram Lila celebrated in various parts of India during Dusherra.
• Kumbh Mela organized in various parts of India.
• Chhau dance, a semi-classical dance in west Bengal, Jharkhand, and Odisha.
• Vedic Chanting in Brahmin priest.
• Koodiyattam, a traditional theater practiced in Kerela
• Ramman, a folk theatre from Uttrakhand
• Mudiyettu, a dance drama form of Kerela
• Kalbelia, a folk dance from Rajasthan
• Buddhist Chanting from Ladakh.
• Sankirtanas by Vaishnav people form Manipur
• Traditional brass and copper craft of utensil making in Punjab
• The practice of Yoga
• The Persian New Year Nawrouz

Hence, the correct answer is B.

 

6. Which of the following is true about Edakkal caves?

1. They are believed to belong to the Neolithic age.
2. They are located in the Ambukuthi hills in western Ghats.
3. It is the only place in South India where stone age engravings are found.

Select the correct answer from the codes given below:

1. 1 and 3 only
2. 1 and 2 only
3. 1,2 and 3
4. 1 only

Ans. C

Explanation

Edakkal caves found in Kerela on Ambukuthi Hills in the Western Ghats. They are not caves in reality but are clefts. The engravings from Neolithic and Mesolithic age are found here and it is believed that it has served as sheltering place for the Neolithic people. It is significant because it is the only place in South India where stone age engravings are found.

Hence, the correct answer is C.

 

7. Which of the following is true about the Alps range?

1. They were formed by the collision of African and Eurasian plates.
2. Danube river originates in Alps mountain.
3. Both statements are true.
4. None of the statements is true.

Ans. A

Explanation

The Alps are young fold mountains formed by the collision of the African tectonic plate and Eurasian tectonic plate. Its highest point is Mount Blanc and is spread across eight Alpine countries (from west to east): France, Switzerland, Monaco, Italy, Liechtenstein, Austria, Germany, and Slovenia. Various rivers like the Rhine, the Rhône, the Inn, and the Po originates from the Alps and flows into the North Sea. Various tributaries of the Danube River originates in the Alps. Danube originates in the Black Forest in Germany and flows through Alps mountain.

Hence, the correct answer is A.

 

8. Which of the following is true about Lion Tailed Macaque?

1. It is found only in the Western Ghats.
2. They are listed as Endangered in the IUCN list.
3. They are also called ‘Old World’ Monkey.
4. It is found in the World’s 25 Most endangered Primates List.

Select the correct answer from the codes given below:

1. 1 only
2. 1, 2 and 4 only
3. 1,2 and 3 only
4. 1 and 3 only

Ans. C

Explanation

Lion Tailed macaque also known as the ‘Old World Monkey’ is endemic to the Western Ghats and listed as endangered.  It is a rainforest dweller and is diurnal. They are scattered in Karnataka, Kerala and Tamil Nadu. It is one of the rarest and most threatened primates. Earlier it was included in the ‘Wolrd’s 25 most endangered Primates’ list (published by the International Union for Conservation of Nature Species Survival Commission Primate Specialist Group (IUCN/SSC PSG), the International Primatological Society (IPS), and Conservation International (CI)). But now it is no more in this list. It is listed in the Schedule I of the Wildlife Protection Act 1972.

Hence, the correct answer is C.