Daily Current Affairs 2012 Quiz : July 21, 2012

1. Which international forum is also known as ‘Outreach Five(O5)’?
[D]Permanent members of UN Security Council

Lately, both France and the United Kingdom have expressed a desire to expand the group to include five developing countries, referred to as the Outreach Five (O5) or the Plus Five: Brazil, People’s Republic of China, India, Mexico, and South Africa. These countries have participated as guests in previous meetings, which are sometimes called G8+5.

2. Consider the following major Stock indices of the world :
1.Dow Jones : New York
2.Nikkei : Singapore
3.FTSE : London
Which among the above pairs is/are correctly matched?
[A]Only 1
[B]Only 3
[C]1 and 3
[D]1, 2 and 3

1 and 3
Nikkei : Japan

3. Which country has recently been suspended as the member of ‘Mercosur’?

Paraguay was suspended for violating the Democratic Clause of the Ushuaia Protocol of 24 July 1998 and full membership for Venezuela was approved on June 29, 2012 by member countries Argentina, Brazil and Uruguay.

4. Which among the following nations is not one of the non-permanent members of the United Nations Security Council (UNSC) from 1 January 2012 to 31 December 2013 ?

India (1 January 2011 – 31 December 2012)
The Ten non-permanent members are elected by the General Assembly for two-year terms starting on 1 January, with five replaced each year. The members are chosen by regional groups and confirmed by the United Nations General Assembly.

5. ‘Energy Statistics’ is one of the annual publications of which among the following organisations?
[A]The Energy and Resources Institute(TERI)
[B]Central Statistical Organisation(CSO)
[C]Bureau of Energy Efficiency(BEE)
[D]National Statistical Commission

Central Statistical Organisation(CSO)

6. Consider the following sectors of Indian economy:
Arrange the above in descending order according to their share in sectorwise GDP composition:

India’s large service industry accounts for 57.2% of the country’s GDP while the industrial and agricultural sectors contribute 28.6% and 14.6% respectively. Agriculture is the predominant occupation in Rural India, accounting for about 52% of employment. The service sector makes up a further 34%, and industrial sector around 14%.

7. Consider the following Statements:
1.The economy of India is the eleventh largest in the world by nominal GDP.
2.India is the third-largest economy in the world in terms of Purchasing Power Parity(PPP).
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

Both 1 and 2

8. The ‘Ease of Doing Business’ Index is brought out by the ____________ :
[A]World Bank
[B]International Monetary Fund
[C]World Trade Organisation
[D]Organisation for Economic Co-operation and Development(OECD)

World Bank

9. Consider the following Statements regarding the ‘Judicial Standards and Accountability Bill’:
1. It provides a mechanism for investigation against judges.
2.The bill safeguards the independence of Judiciary.
3.It limits the scope of Judicial review.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 3
[C]1 and 3
[D]2 and 3

Only 1

10. Consider the following Statements regarding ‘INS Sahyadri’ :
1.The frigate is third in the series of stealth warships after ‘INS Shivalik’ and ‘INS Satpura’.
2.It is designed and built by the Indian Shipyard Mazagaon Dock Ltd.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

Both 1 and 2

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Category: Daily Current Affairs Quiz

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