Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985	B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995	D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971

Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Q:

An echo is returned in 3 s. What is the distance of the reflecting surface from the source, considering the speed of sound as $342 {ms}^{- 1}$ ?

A) 513 m	B) 644 m
C) 342 m	D) 171 m

Answer & Explanation Answer: A) 513 m

Explanation:

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Q:

World Climate conference popularly known as COP-21 (2015) was held in ___.

A) New York	B) London
C) Paris	D) Berlin

Answer & Explanation Answer: C) Paris

Explanation:

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Q:

‘Marketing Support and Services Scheme’ (in the Eleventh Plan) Supports artisans related to ___________.

A) Handicrafts	B) Leather goods
C) Gems and Jewellery	D) Handlooms

Answer & Explanation Answer: A) Handicrafts

Explanation:

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Q:

On 28 July 2017, Lok Sabha passed Indian Institutes of Management (IIM) Bill, 2017. The Bill has a provision to place the Annual report of the IIM’s in the parliament and auditing of their accounts by ______.

A) Chief Economic Adviser	B) Economic Affairs Secretary
C) Comptroller and Auditor General	D) Attorney General

Answer & Explanation Answer: C) Comptroller and Auditor General

Explanation:

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Q:

The Most Favoured Nation (MFN) Clause under WTO regimeis based on the principle of

A) non-discrimination between nations	B) discrimination between nations
C) differential treatment between locals and foreigners	D) uniform tariff across commodities

Answer & Explanation Answer: A) non-discrimination between nations

Explanation:

In Most-favoured-nation countries cannot normally discriminate between their trading partners.

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Q:

Which country among the following voted in 2015 to be the first country to allow three parent in-vitro fertilization?

A) Britain	B) USA
C) France	D) Italy

Answer & Explanation Answer: A) Britain

Explanation:

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Q:

When was the ASLV used in India for the first time?

A) 1980	B) 1987
C) 1994	D) 2000

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