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Daily Quiz > 2019-10-12 > Daily Quiz

1.    The recently commissioned ICGS Varaha is a

a)    Missile Destroyer
b)    Stealth frigate
c)    Offshore patrol vessel
d)    Anti-submarine vehicle

2.    The ‘Vaccine Hero’ award is conferred by

a)    World Health Organisation
b)    Global Alliance for Vaccines and Immunizations
c)    Bill & Melinda Gates Foundation
d)    Adult Vaccine Access Coalition

3.    Consider the following statements regarding ‘Emissions Trading Scheme (ETS)’.

1.    It is touted as the first cap-and-trade system in the world to regulate particulate air pollution.
2.    Under the programme, the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
3.    The Maharashtra government has launched India’s first ‘Emissions Trading Scheme’ to cut particulate air pollution.
Which of the following statements given above is/are correct?
a)    1 only
b)    2 only
c)    1 and 2 only
d)    1, 2, and 3  

4.    Consider the following countries

1.    China
2.    India
3.    Australia
4.    Japan
5.    USA
6.    South Korea

Which of the above are the members of the proposed RCEP agreement?

a)    1, 2, 4, 5, and 6 only
b)    2, 3, 4, and 6 only
c)    1, 2, 3, 4, and 6 only
d)    1, 2, 4, 5, and 6 only

5.    Generalized System of Preferences (GSP) is a preferential tariff system of

(a) China
(b) Russia
(c) India
(d) USA

1.    Answer: C

The ICGS Varaha is the fourth in the series of seven 98-m Offshore Patrol Vessels (OPV) of the Indian Coast Guard (ICG). The ship was commissioned at the Chennai port. The ship has been designed and built indigenously by Larsen & Toubro (L&T) at its Katupalli ship building yard in North Chennai.

2.    Answer: B

Bangladesh Prime Minister Sheikh Hasina received the prestigious 'Vaccine Hero' award in recognition of Bangladesh's outstanding success in vaccination to immunise children. The Vaccine Hero Award celebrates global figures whose dedication to the Vaccine Alliance’s mission has played a key role in helping GAVI (Global Alliance for Vaccines and Immunizations) and its partners to protect hundreds of millions of children across the world.

3.    Answer:  C

The Gujarat government has launched country’s first ‘Emissions Trading Scheme (ETS)’. Globally the cap-and-trade system has been used to reduce other forms of emissions such as sulphur dioxide (SO2) and nitrogen oxides (NOx) in the US. But the Gujarat programme is the first in the world to regulate particulate air pollution. Under the programme, the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap. As the first market-based approach to regulating pollution emissions in India, it is expected to slash air pollution at lower costs for both the government and industry, and provide best practices for replicating trading schemes to other emissions.

4.    Answer:  C

The Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and its six FTA partners (China, Japan, India, South Korea, Australia and New Zealand). The negotiations do not include USA. It is often characterized as a China-led response to the Trans-Pacific Partnership (TPP) put forward by the US.

5.    Answer:  D

The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries. US President Donald Trump has terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide “equitable and reasonable access” to its markets.