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.

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

On 1^st 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.

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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.

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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.

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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.

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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.

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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.

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Consider the following statements about the Assam Roofed Turtle:

1. The species is endemic to India, found only in the state of Assam.
2. The turtle is classified as vulnerable and is listed in Schedule II of the Indian Wildlife Protection Act 1972.

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Recently, the Union Government recommended a biodiversity study of the proposed 3,097 MW Etalin Hydroelectric Project in Arunachal Pradesh : Consider the following statements about the Etalin Project:

1. The proposed hydropower project is supposed to be built in the biodiversity-rich Dihang valley of Arunachal Pradesh.
2. The project involves the construction of two concrete gravity dams, one on the Tangon and other on the Dri rivers.

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Article 370 is a contentious provision in the Constitution which incites many sentiments of the general public and political parties alike. This article has been in the news numerous times due to its combative nature

Recently on 5th April 2019, South Korea launched the world’s first nationwide 5G mobile networks, giving access to super-fast wireless technology to its users. However, the buzzword around 5G technology is doing the rounds since long and has pitted major superpowers against one another to gain an edge over their rivals.

India's Parliament plays a lesser role in formulation and execution of foreign policy than in other parliamentary democracies. This is not what the founders of modern India envidaged. The record of discussions in the Constituent Assembly soon after Independence shows that India's founding elite wanted Parliament to be supreme in the conduct of international affairs.

It is an international forum that brings together the world's 20 leading industrialized and emerging economies which accounts for 85 per cent of world GDP, 80% of total global trade volume and two-thirds of its population. It serves as a convention for deliberate economic communication between industrialized and developing countries.

China recently became the third country to land a probe on the Moon on January 2, 2019 but its operation is a more significant issue since the probe landed on the dark side of the moon- a historic feat which no other country has achieved.