Shrey-IAS

Current Affairs Questions

Zero Coupon Bond

Which of the following statement(s) is/are incorrect about Zero Coupon Bond:

  1. It is a debt security that does not pay interest.
  2. The difference between a regular bond and a zero-coupon bond is the payment of interest, otherwise known as coupons.
  3. Zero-coupon bondholders do not receive the face value of the bond when it reaches maturity.

Choose the correct answer from the codes given below:


UNESCO’s 2003 Convention

1. With reference to the Intergovernmental Committee of UNESCO’s 2003 Convention, consider the given statements:

  1. It consists of 24 members and is elected in the General Assembly of the Convention according to the principles of equitable geographical representation and rotation.
  2. The members are elected for a term of five years.
  3. India ratified the Convention for the Safeguarding of the Intangible Cultural Heritage in September 2008.

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


Landlord Port

Recently, which of the following became the first major port in India to become a 100% Landlord Port having all berths being operated on PPP model?


Namsai Declaration

Recently, which of the following two state governments signed the historic ‘Namsai Declaration’, in a bid to resolve the border issue between them?


Inter-State Declaration

Recently, an Inter-State Declaration of Intent to collaborate in the fight against human trafficking was signed by six States - Telangana, Andhra Pradesh, Karnataka, Kerala, Odisha and Tamil Nadu. What is the name of the Declaration?


Foreign Contribution Regulation Act (FCRA)

Consider the following statements with reference to the Foreign Contribution Regulation Act (FCRA):

  1. The Act is applicable to all associations, groups and NGOs which intend to receive foreign donations.
  2. It was amended in 2010 to “consolidate the law” on utilisation of foreign funds, and “to prohibit” their use for “any activities detrimental to national interest”.
  3. The 2020 amendments gave the government tighter control and scrutiny over the receipt and utilisation of foreign funds by NGOs.

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


National Flag Of India

Consider the following constitutional & statutory provisions regarding National Flag of India:

  1. The Emblems and Names (Prevention of Improper Use) Act, 1950 prohibits the desecration of or insult to the country’s national symbols, including the national flag, the Constitution, the national anthem and the Indian map.
  2. The Prevention of Insults to National Honour Act, 1971 restricts the use of the national flag, the coat-of-arms used by a government department, the official seal of the President or Governor, the pictorial representation of Mahatma Gandhi and the Prime Minister, and the Ashoka Chakra.

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


I2U2

Consider the following statements:

  1. I2U2 initiative is a new grouping of India, Israel, USA and UAE.
  2. The grouping, which met for the first time under a new framework in October 2021, dealt with issues concerning maritime security, infrastructure and transport.
  3. led to normalization of Israel’s relations with the UAE and Bahrain.

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


48th Annual G7 Summit

Consider the following statements:

  1. The 48th annual G7 Summit was held in Germany from June 26 to June 28, 2022.
  2. G7 announced the collective mobilization of 600 billion dollars by 2027 under Partnership for Global Infrastructure and Investment (PGII) to deliver value-driven and transparent infrastructure projects to developing and middle-income countries.
  3. The 2022 Resilient Democracies Statement is a Joint Statement of G7 and Partner Countries that reiterates the countries' commitment to strengthening resilience of democracies and to working towards equitable, inclusive and sustainable solutions to global challenges, including climate change and the COVID-19 pandemic.

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


New Non-Permanent Members Of UNSC

Consider the following statements:

  1. Recently, Ecuador, Japan, Malta, Mozambique and Switzerland were elected as the new non-permanent members of the United Nations Security Council (UNSC).
  2. The Security Council consists of 20 countries. Five of them – China, France, Russia, the United Kingdom and the United States – are permanent members with the right to veto.
  3. The United Nations General Assembly, which comprises all 193 UN Member States, elects the 10 non-permanent members who serve for two-year terms.

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


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