Questions

Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

What is the biggest threat to WTO’s efficacy today?

 

A) India being not working in its best interest. B) Lost of faith in WTO by US.
C) Negotiators of WTO are not decision takers. D) WTO’s lame attitude towards global trade.
 
Answer & Explanation Answer: B) Lost of faith in WTO by US.

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

 

Public disgrace arising from shameful conduct

 

A) Opprobrium B) Kudos
C) Plaudit D) Ovation
 
Answer & Explanation Answer: A) Opprobrium

Explanation:
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Filed Under: English
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Q:

What kind of weather does a cold front usually bring

A) very hot B) heavy rain
C) cloudy D) normal
 
Answer & Explanation Answer: B) heavy rain

Explanation:

A cold front is defined as the transition zone where a cold air mass is replacing a warmer air mass. A cold front usually bring the temperature down by more than 15 deg and heavy rainfall with thundering and lighting.

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Filed Under: General Science
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Q:

Which to withdraw from OPEC as of Jan 2019?

A) Gabon B) Angola
C) Saudi Arabia D) Qatar
 
Answer & Explanation Answer: D) Qatar

Explanation:

Qatar to withdraw from OPEC as of Jan 2019. OPEC, The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 14 nations, founded in 1960 in Baghdad, Iraq.


Its members are Qatar, Saudi Arabia, Iran, Iraq, Indonesia, Venezuela, Nigeria, Libya, United Arab Emirates, Algeria, Kuwait, Ecuador, Angola, Gabon.

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Filed Under: General Awareness
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Q:

Mercantilism was the principle that

A) Wealth is created in business relations B) The goal is an active trade balance of trade
C) To serve protectionism, government subsidies and the issue of protective tariffs D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

 

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

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Filed Under: World History
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Q:

Which city emerged as the Most Dynamic City in the world 2018?

A) Hyderabad B) Bengaluru
C) Kolkata D) Pune
 
Answer & Explanation Answer: B) Bengaluru

Explanation:

According to a survey, Bengaluru has emerged as the world's most dynamic city among 20 cities. Hyderabad bagged second position.

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Filed Under: Famous Places
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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.
Actuate

A) True B) Move
C) Select D) Kill
 
Answer & Explanation Answer: B) Move

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

urge someone to act in a violent or unlawful way.

A) taunt B) solicit
C) incite D) psych
 
Answer & Explanation Answer: C) incite

Explanation:
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