world political, socio economic panorama & issues (international) MCQ section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16

Consider the following statements:

1. BRICS countries has signed an agreement with China to place the Headquarters of New Development Bank in Shanghai.
2. The agreement was signed by Chinese Foreign Minister Wang Yi and K V Kamath.
3. The bank also signed a separate Memorandum of Understanding (MoU) with the local Municipal government headed by Mayor Yang Xiong.
4. The new bank will start issuing loans to green energy ventures and infrastructure projects from April 2016.

a) 1, 3 & 4

b) 1, 2 & 3

c) 2, 3 & 4

d) All are correct

Question : 17

Consider the Statements:

1. Bangladesh’s oil spill disaster is considered as ecological catastrophe which may threaten rare dolphins, other wildlife species and world’s largest mangrove forests in the Sundrban’s.
2. The tanker carrying an estimated 350,000 litres of furnace oil partly sank in the Sundarban’s Shela River after it collided with another vessel.
3. This disaster may be considered as an ecological catastrophe and can destroy the delicate ecology of the Sundarbans – a UNESCO-listed World Heritage Site.

a) 1 and 3 only

b) 2 and 3 only

c) 1 and 2 only

d) All of the above

Question : 18

The “One Belt, One Road initiative” has been proposed by China for __?

a) International Travel & Tourism

b) None of them

c) Investment and Trade Promotion

d) Defence Cooperation

Question : 19

Consider the following statements:

1. Justice Surendra Kumar Sinha was appointed Chief Justice of Pakistan.
2. He has become the 3rd Hindu to hold highest judicial post in the Muslim-majority country.

a) Both 1 and 2

b) 2 only

c) 1 only

d) Neither of the above

Question : 20

What is the correct statement or statements for AntiDumping Duty?

1. It is duty imposed by government on imported products which have prices less than their normal values or domestic price.
2. Anti-Dumping Duty is imposed by a counter as a trade barrier under the multilateral WTO regime and varies from product to product and from country to country.
3. Usually countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports.

a) 1 and 2

b) 1 only

c) 2 only

d) None