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Q.1 Who among the following are the members of Shanghai Cooperation Organisation ?

1. China

2. Kyrgyzstan

3. Kazakhstan

4. Russia

5. Tajikistan

6. Uzbekistan

Which among the above statement(s) is/are correct ?

A) 1,2,3

B) 2,3,4,5,6

C) 1,2,3,5,6

D) All are correct

Ans. D

Since 2005, India was having an Observer status of SCO and had applied for full membership in 2014.


Q.2 Which among the following have the observer status in shanghai Cooperation ?

1. Mongolia

2. Iran

3. Pakistan

4. India

Which among the above statement(s) is/are correct ?

A) 1,3,4

B) 2,3,4

C) Only 4

D) All are correct

Ans. D

It was established in 2001 & it comprises China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan


Q.3 Who among the following are the members of SAARC ?

1. Bhutan

2. Bangladesh

3. Myanmar

4. Pakistan

5. Sri Lanka

Select the correct answer using the code given below :

A) 1,2,4,5

B) 1 & 5

C) 2,3,4

D) 1,2,3,4,5

Ans. A

The South Asian Association for Regional Cooperation (SAARC) is regional intergovernmental organization and geopoliticalunion in South Asia. Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka. SAARC compromises 3% of the world’s area, 21% of the world’s population and 9.12% of the global economy, as of 2015.

SAARC was founded in Dhaka in 1985. Its secretariat is based in Kathmandu. The organization promotes development economics and regional integration. It launched the South Asian Free Trade Area in 2006. SAARC maintains permanent diplomatic relations at the UN as an observer and has developed links with multilateral entities, including the EU. However, the organization continues to face many challenges. Disputes between nuclear rivals India and Pakistan have often clouded the union’s potential and progress.


Q.4 Who among the following  are the members of the Washington Accord ?

1. India

2. China

3. Malaysia

4. South Africa

Which among the above is/are correct ?

A) 1,3,4

B) Only 1 & 2

C) Only 3

D) 1,2,3,4

Ans. D

* The Washington Accord is an international accreditation agreement for professional engineering academic degrees, between the bodies responsible for accreditation in its signatory countries.

*The Washington Accord covers undergraduate engineering degrees under Outcome-based education approach.

*Engineering technology and postgraduate programs are not covered by the accord, although some engineering technology programs are covered under the Sydney Accord and the Dublin Accord.

*Only qualifications awarded after the signatory country or region became part of the Washington Accord are recognized.

*The accord is not directly responsible for the licensing of Professional Engineers and the registration of Chartered Engineers, but it does cover the academic requirements that are part of the licensing processes in signatory countries.

*India became the permanent member of the Washington Accord

*It is an esteemed international treaty on engineering studies and mobility of engineers across signatory countries including the US, the UK and Australia signatories are: Australia, Canada, Chinese Taipei, Hong Kong China, India, Ireland, Japan, Korea, Malaysia, New Zealand, Russia, Singapore, South Africa, Turkey, the United Kingdom, and the United States.

*The treaty covers undergraduate engineering degrees under Outcome-based education approach. The accord doesn’t take into account engineering technology and postgraduate programs.


Q.5 Which of the following is a Decentralised Autonomous Organisation ?

A) Venture Capital fund

B) Trade association

C) Market regulator

D) Financial regulator

Ans. A

*It is an organization that is run through rules encoded as computer programs called smart contracts.

*A DAO’s financial transaction record and program rules are maintained on a blockchain.

*There are several examples of this business model. The precise legal status of this type of business organization is unclear.


Q.6 Who among the following are the members of the Indian Ocean Rim Association ?

1. India

2. Australia

3. Indonesia

4. Malaysia

Select the correct answer using the codes given below :

A) 1,3,4

B) 2,3,4

C) 1,2,3

D) 1,2,3,4

Ans. D

The objectives of IORA are as follows :

1.  To promote sustainable growth and balanced development of the region and member states

2.  To focus on those areas of economic cooperation which provide maximum opportunities for development, shared interest and mutual benefits

3.  To promote liberalisation, remove impediments and lower barriers towards a freer and enhanced flow of goods, services, investment, and technology within the Indian Ocean rim.


Q.7 Which among the following is the oldest international financial institution ?

1.  Bank for International Settlement

2. International Monetary Fund

3. International Bank for Reconstruction & Development

4. International Trade Organisation

Which among the above is/are correct ?

A) 1 & 3

B) Only 1

C) 1,3,4

D) Only 3

Ans. B

*International financial institution (IFI) is a financial institution that has been established by more than one country, and hence are subjects of international law. *Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. *The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. *Today, the world’s largest IFI is the European Investment Bank *A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. * MDBs have large memberships including both developed donor countries and developing borrower countries. * MDBs finance projects in the form of long-term loans at market rates, very-long-term loans below market rates, and through grants. *There are also several “sub-regional” multilateral development banks. *Their membership typically includes only borrowing nations. The banks lend to their members, borrowing from the international capital markets. -These banks include: • Caribbean Development Bank (CDB) • Central American Bank for Economic Integration (CABEI) • East African Development Bank (EADB) • West African Development Bank (BOAD) • Black Sea Trade and Development Bank (BSTDB) • Economic Cooperation Organization Trade and Development Bank (ETDB) • Eurasian Development Bank (EDB) • New Development Bank (NDB) (formerly BRICS Development Bank) Regional Development Banks : *The regional development banks consist of several regional institutions that have functions similar to the World Bank group’s activities, but with particular focus on a specific region. *Shareholders usually consist of the regional countries plus the major donor countries. *The best-known of these regional banks cover regions that roughly correspond to United Nations regional groupings, including : – the Inter-American Development Bank, -the Asian Development Bank; -the African Development Bank; -the Central American Bank for Economic Integration; -the European Bank for Reconstruction and Development. *The Islamic Development Bank is among the leading multilateral development banks. *IsDB is the only multilateral development bank after the World Bank that is global in terms of its membership. 56 member countries of IsDB are spread over Asia, Africa, Europe and Latin America.


Q.8 Who among the following are the members of Shanghai Cooperation ?

1. China

2. Russia

3. Kazakhstan

4. Kyrgyzstan

5. Tajikistan

6. India


Select the correct answer from the given codes :

A) 1,3,4,5

B) 2,3,4,5,6,7

C) 1,2,4,5,6,7

D) All are correct

Ans. D

Observers: Afghanistan, Iran, Mongolia and Belarus.


Q.9 Who among the following are the founding members of the Ashgabat agreement ?

1. Uzbekistan

2. Iran

3. Turkmenistan

4. Oman

5. Kazakhstan

Select the correct answer from the given codes :

A) 1,3,4,5

B) 2,3,4,5

C) Only 1,3 & 5

D) All are correct

Ans. D

It is a transit agreement established in year 2011.

It establishes international transport and transit corridor between Central Asia and the Persian Gulf countries.


Q.10 ‘Come and make in India’ is an invitation for

A) Overseas Indian to return back to India and thus stop brain drain

B) Foreign companies to invest in India and sell anywhere in the world

C) Foreign nationals to seek employment in india

D) Both (a) and (c)

Ans. B


Q.11 Central Government has proposed to establish a Telecom Finance Corporation (TFC) in the 12th Five Year Plan period (2012-17).

Telecom Finance Corporation is categorized as :

1. Non-banking Financial Company

2. Non-Deposit Infrastructure Finance Company

3. Public sector Unit

Which of the above statements is/are correct ?

A) Only 1

B) 1 & 3

C) 2 & 3

D) 1,2,3



Q.12 Recently which among the following products have accorded Geographical Indication Status ?

1. Vazhakkulam pineapple

2. Central Travancore jiggery

3. Pokkali rice

4. Jeerakasala

5. Gandhakasala

Which among the above statement(s) is/are correct ?

A) 1,2,3,5

B) Only 4

C) 2 ,3,4

D) 1,2,3,4,5

Ans. D

Chengalikodan banana variety from Thrissur district of Kerala has been accorded Geographical Indication (GI) status by the Chennai based Central GI registry.

Darjeeling tea was the first agricultural product in India to be accorded with GI tag.


Q.13 Which among the following are included in the alternative investments ?

1) Infrastructure equity funds

2) Real estate funds

3) Social venture funds

4) Private Investment in Public Equity funds

5) Private equity fund


A) 1,3,4,5

B) 2,3,4,5

C) 1,2,3,4

D) 1,2,3,4,5

Ans. D


Q.14 Twelve nations signed the historic Trans-Pacific Partnership (TPP) Agreement in Auckland recently. TPP is a free trade area and accounts for around 40% of global trade. Which one of the following is NOT a party to it?

A) Singapore

B) China

C) Japan

D) Mexico

Ans. B

Signatories 12

• Australia

• Brunei

• Canada

• Chile

• Japan

• Malaysia

• Mexico

• New Zealand

• Peru

• Singapore

• United States

• Vietnam


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