Current Affairs Questions

World Watch:

SAARC Currency Swap Framework

Consider the following statements:

  1. The SAARC currency swap facility came into operation on 15th November, 2012.
  2. Under the agreement, RBI can offer a swap arrangement within the overall corpus of USD 2 billion.
  3. The framework does not provide any concession for swap drawals in Indian rupee.

Which of the above statement(s) is/are true?


Global Minimum Tax

Consider the following statements:

  1. On 15th December, 2022, the European Union (EU) adopted a plan for a global minimum 15 percent tax on multinational businesses.
  2. Global Minimum Tax, a landmark agreement between nearly 140 countries, establishes a system under which a company from a specific country will pay at least a certain percentage of its profits in taxes, regardless of where in the world those profits are being earned.
  3. Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.

Which of the above statement(s) is/are true?


Law Commission Of India

Consider the following statements with referenceto the Law Commission of India:

  1. It is an executive body, constituted by a notification of the Government of India, with definite terms of reference to carry out research in the field of law.
  2. It works as an advisory body to the Ministry of Law and Justice.
  3. The first Law Commission of independent India was established in 1965.

Which of the statement(s) given above is/are incorrect?


India-Australia Economic Cooperation And Trade Agreement

Consider the following statements:

  1. Recently, the Australian Parliament ratified the India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA).
  2. The India-Australia ECTA is the first trade agreement of India with a developed country in more than a decade.
  3. As per the agreement, India will do away with Customs duties on 20 percent of products immediately and on 70.3 percent of tariff lines over a period of 10 years.

Which of the above statement(s) is/are true?


Indo-Pacific Regional Dialogue 2022 (IPRD)

Consider the following statements:

  1. Recently, the fourth edition of the Indo-Pacific Regional Dialogue 2022 (IPRD), the annual apex-level regional strategic dialogue of the Indian Navy, was held in New Delhi.
  2. Based on the overarching theme of “Operationalising the Indo-Pacific Oceans Initiative” (IPOI), the IPRD 2022 explored sub-themes that could provide a greater degree of specificity and traction to the seven ‘pillars’ or ‘spokes’ of the IPOI.
  3. IPRD-2022 was organised by the National Maritime Foundation (NMF), New Delhi, as the Indian Navy’s knowledge partner.

Which of the above statement(s) is/are true?


CICA

Consider the following statements:

  1. Conference on Interaction and Confidence Building Measures iXn Asia (CICA) is an intergovernmental forum aimed at strengthening regional cooperation and ensuring peace, security, and stability in Asia.
  2. To be a member of CICA, a state need not have its territory in Asia.
  3. India co-chairs two CICA CBMs (Confidence Building Measures) on ‘Development of Secure and Effective Systems of Transportation Corridors,’ and ‘Energy Security’.

Which of the above statement(s) is/are true?


Association Of Southeast Asian Nations

Consider the following statements:

  1. The Association of Southeast Asian Nations, or ASEAN, was established on 8th August, 1985, in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
  2. It is a ten-nation regional organization which was established to promote political and social stability amid rising tensions among the Asia-Pacific’s post-colonial states.
  3. The Member States are: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Which of the above statement(s) is/are true?


India-Africa Defence Dialogue (IADD)

Consider the following statements:

  1. On 18th October, 2022, the second India-Africa Defence Dialogue (IADD) was held on the sidelines of DefExpo 2022 in Gandhinagar, Gujarat.
  2. The theme of the dialogue was ‘Adopting Strategy for Synergizing and Strengthening Defence and Security Cooperation’.
  3. The first-ever India-Africa Defence Dialogue (IADD) was held in Lucknow, Uttar Pradesh in conjunction with DefExpo in 2015.

Which of the above statement(s) is/are true?


Group Of Seven (G7)

Which of the statement(s) given below is/are correct about Group of Seven (G7)?

  1. It is an intergovernmental organisation of seven countries that are the world’s most industrialized and developed economies.
  2. It does not have a formal constitution or a fixed headquarters and the decisions taken by leaders during annual summits are non-binding.
  3. It traces its origin to an informal meeting of the Finance Ministers of France, West Germany, the US, Great Britain and Japan (Group of Five) in the wake of the 1973 oil crisis.
  4. It was called the G8 after the original seven were joined by Russia in 1997 and it returned to being called G7 when Russia was expelled as a member in 2014 following the latter’s annexation of the Crimea region of Ukraine.

Universal Postal Union(UPU)

With reference to the Universal Postal Union(UPU), consider the following statements:

  1. Established in 1874, UPU, it is the oldest international organization worldwide.
  2. Established by the Treaty of Bern of 1874, it is a specialized agency of the United Nations (UN) that coordinates postal policies among member nations, in addition to the worldwide postal system.
  3. Any member country of the United Nations may become a member of the UPU.
  4. India joined the UPU in 1896.

Choose the incorrect statement(s) from the codes given below:


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