IASbaba Daily Current Affairs Quiz [Day 108]

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Q.1) The Ministry of Home Affairs will issue the industrial licences for defence manufacturing which includes electronic aerospace and defence equipment. Consider the following statements

1. Previously it was issued by Department of Industrial Policy and Promotion (DIPP) under Ministry of Commerce and Industry
2. With the notification of Arms Rule, 2016, Items configured for military use will be handled by Home Ministry instead of DIPP

Which of the following statements is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2 

Q.2) Consider the following statements about National Clean Energy Fund (NCEF)

1. It is created for funding research and innovative projects in clean energy technologies
2. An Inter-Ministerial Group (IMG) chaired by Finance Secretary approves the projects/schemes eligible for financing under the NCEF
3. Creation of NCEF was announced in the Union Budget 2015-16

Which of the following statements is/are correct?

1. 1 and 2
2. 2 and 3
3. 1 and 3
4. All of the above 

Q.3) Consider the following statements about Investor-state dispute settlement (ISDS)

1. It is a system through which individual companies can sue countries for alleged discriminatory practices
2. ISDS is found in the Energy Charter Treaty of which India is a signatory
3. It is contained in NAFTA and proposed TPP

Which of the following statements is/are correct?

1. 1 and 2
2. 1 and 3
3. 2 and 3
4. All of the above

Q.4) Canary Islands is located in

1. Pacific Ocean
2. Indian Ocean
3. Atlantic Ocean
4. None of the above

Q.5) Which of the following statements about ‘vote-on-account (VOA)’ is/are correct?

1. A VOA in the strict sense deals only with the expenditure side of the government's budget, whereas an interim budget has to include both expenditure and receipts
2. A VOA cannot be for a period longer than six
3. No changes are made to tax and duty structures and no new schemes are announced in vote-on-account
4. All of the above

All the best

IASbaba