IAS Prelims GS Questions and Answers Oct - 31, 2015

1)   U.S. warship challenged China's territorial assertions in the South China Sea on by sailing within 12 nautical miles of one of Beijing's man-made islands in the Spratly archipelago during military exercises with -

a. Japan
b. Singapore
c. Australia
d. South Korea
Answer  Explanation 

ANSWER: South Korea

Explanation:
- The name of exercises was Foal Eagle.
- It is a combined Field Training Exercise (FTX) conducted annually by the Republic of Korea Armed Forces and the United States Armed Forces under the auspices of the Combined Forces Command.
- It is one of the largest military exercises conducted annually in the world.


2)   Which of the following statements are correct about Gold Monetisation Scheme?

1. RBI will determine interest rates on gold deposits.
2. The risk of gold price changes will be borne by the Gold Reserve Fund that is being created.


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation  Related Ques

ANSWER: Only 2

Explanation:
- The proposed Gold Monetisation Scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.
- RBI has said that banks are free to fix interest rates on these deposits.
- The scheme will help in mobilizing the large amount of gold lying as an idle asset with households, trusts and various institutions in India and will provide a fillip to the gems and jewellery sector.
- Over the course of time this is also expected to reduce the country's dependence on the import of gold.
- The new scheme consists of the revamped GDS and a revamped GML Scheme.


3)   According to FATCA trusts in India will have to disclose all details to the tax office. FATCA Act is passed by -

a. USA
b. India
c. Switzerland
d. China
Answer  Explanation  Related Ques

ANSWER: USA

Explanation:
According to FATCA — The Foreign Account Tax Compliance Act passed by the US government to unearth black money of US residents outside the country
— Trusts in India will have to disclose all details to the tax office if any of the trust beneficiary is a US residents.


4)   Which of the following country does not recognize Mongolia's independence?

a. China
b. Japan
c. Russia
d. Taiwan
Answer  Explanation 

ANSWER: Taiwan

Explanation:
The Taiwanese government does not recognize Mongolia's independence and claims it part of the Republic of China.


5)   Which of the following statements are correct about Orange river?

1. It is the longest river in South Africa.
2. It merges into Indian ocean.


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation  Related Ques

ANSWER: Only 1

Explanation:
- Orange river rises in the Drakensberg mountains in Lesotho, flowing westwards through South Africa to the Atlantic Ocean.
- The river forms part of the international borders between South Africa and Namibia and between South Africa and Lesotho
- The Orange empties into the Atlantic Ocean at Alexander Bay


6)   Which of the following statements is/are correct about Preah Vihear Temple?

1.  Preah Vihear Temple is an ancient Hindu temple built during the period of the Khmer Empire.
2. Cambodia won World Heritage status for the temple in 2008.


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Only 1

Explanation:
- It that is situated atop a 525-metre (1,722 ft) cliff in the Dângrêk Mountains, in the Preah Vihear province, Cambodia.
- In 1962, following a lengthy dispute between Thailand and Cambodia over ownership, the International Court of Justice (ICJ) in The Hague ruled that the temple is in Cambodia.
- Preah Vihear was listed as a UNESCO World Heritage Site.
- An international court ruling in 1962 said that the temple belonged to Cambodia although its main entrance is in Thailand and the surrounding area is claimed by both sides.


7)   Mont Blanc is the highest mountain in the Alps and the highest peak in Europe outside of the Caucasus range. It is disputed territory between -

a. France & Italy
b. France & Germany
c. France & Switzerland
d. Germany & Switzerland
Answer  Explanation 

ANSWER: France & Italy

Explanation:
No explanation is available for this question!