IAS Prelims GS Questions and Answers - Aug 14, 2015
1. Which of the following agreement ended Bretton Woods Agreement?a) Louvre Accord
b) Smithsonian Agreement
c) GATT
d) Plaza Accord
View Answer / Hide AnswerANSWER: b) Smithsonian Agreement
According to Bretton Woods Agreement ,all countries peg their currencies to a certain amount of gold. In practice, most currencies were pegged to the U.S. dollar, which was itself pegged to gold. This helped the IMF accomplish its stated goals to stabilize currencies that had experienced a large amount of wartime inflation. The Agreement worked relatively well until the United States unilaterally depegged from gold in 1971.The Smithsonian Agreement formalized this act as the participating nations agreed to allow their currencies to appreciate relative to the dollar. While this Agreement kept the Bretton Woods System in place but ended Bretton Woods Agreement.
a) Kariya Munda
b) Pralhad Joshi
c) Mansukhbhai Vasava
d) M. Thambidurai
View Answer / Hide AnswerANSWER: d) M. Thambidurai
a) Gulf of California
b) Gulf of Mexico
c) Gulf of Panama
d) Gulf of Tunis
View Answer / Hide AnswerANSWER: a) Gulf of California
Gulf of California is a body of water that separates the Baja California Peninsula from the Mexican mainland.
a) Colorado river
b) Rio grenade river
c) Missouri river
d) Mississippi river
View Answer / Hide AnswerANSWER: a) Colorado river
After entering Mexico, the Colorado approaches the large Colorado River Delta at the tip of the Gulf of California between Baja California and Sonora.
a) Floating exchange rate
b) Fixed exchange rate
c) Managed float regime
d) None
View Answer / Hide AnswerANSWER: c) Managed float regime
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies.
a) Swacha Bharat Abhiyan
b) National River Conservation scheme
c) National Afforestation Program
d) MGNREGA
View Answer / Hide AnswerANSWER: d) MGNREGA
The government has merged National Mission for a Green India, which aims afforestation at 10 million hectares of land over the next decade, with MGNREGA to increase and improve the country's forest cover.
a) To review National Small Savings funds operated by post-office
b) To review Poverty census in India
c) Modernization of Indian railway
d) To study issues and concerns in the micro-finance Sector
View Answer / Hide AnswerANSWER: d) To study issues and concerns in the micro-finance Sector
Malegam was appointed Chairman of the famous Malegam Committee (Sub-Committee of the RBI Central Board of Directors) set up to study issues and concerns in the MFI Sector. The committee submitted its report to the RBI in January 2011. Malegam contended that the micro-finance institutions have neglected the poor.
a) Bhutan
b) Iran
c) Pakistan
d) Nepal
View Answer / Hide AnswerANSWER: d) Nepal
A Memorandum of Understanding (MoU) is signed between the Government of India and the Government of Nepal for the construction of a petroleum products pipeline from Raxaul (India) to Amlekhgunj (Nepal).
a) Bejing to Karachi
b) Kunming to Peshawar
c) Kunming to Gwadar
d) Kashgar to Gwadar
View Answer / Hide AnswerANSWER: d) Kashgar to Gwadar
The China–Pakistan Economic Corridor (CPEC) is a development mega project which aims to connect Gwadar Port in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang, via a network of highways,railways and pipelines to transport oil and gas.
1. Under this project china will improve local ports and construct a modern standard-gauge rail link between Nairobi and Mombasa.
2. China will create a 40 billion USD development fund
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: c) Both
The Asian Infrastructure Investment Bank founded by China in 2014 with the participation of 56 other countries is a development bank dedicated to lending for projects that are part of the initiative. Besides the loans provided by AIIB , China will create a 40 billion USD development fund. The Karot Hydropower Station in Pakistan as the first investment project of the Silk Road Fund.
