1. Consider the following statements regarding Organization of the Petroleum Exporting Countries (OPEC):
1. Set up after the 2014–16 oil price crash caused by oversupply and U.S. shale boom
2. Iran and Iraq are members of both OPEC and Gulf Cooperation Council (GCC)
3. OPEC headquarters is in Geneva.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) All three
(d) None
2. Which of the following statements is/are correct regarding revenue sharing?
1. Cesses collected by the Union form part of the Consolidated Fund of India.
2. Cesses must be shared with States based on the 15th Finance Commission formula.
3. The Union has exclusive control over the usage of cess proceeds.
Select the correct answer:
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) All three
3. The name “Ditwah”, assigned to the recent cyclone over the Bay of Bengal, was suggested by:
(a) Oman
(b) Maldives
(c) Yemen
(d) Qatar
4. For the North Indian Ocean, tropical cyclones are named jointly by:
(a) IMD and WMO Headquarters
(b) RIMES and UNESCO
(c) WMO/ESCAP Panel + IMD (as RSMC New Delhi)
(d) SAARC Meteorological Coordination Committee
5. Which of the following is an intended benefit of the UMEED Portal?
(a) to provide skill training to approximately three lakh youth to become entrepreneurs over a 5-year period.
(b) Reducing litigation in private land disputes
(c) Enhancing transparency in Waqf land management
(d) Increasing revenue distribution to States
6. Consider the following statements about the International Monetary Fund (IMF):
1. The headquarters of the IMF is located in Washington, D.C.
2. Special Drawing Rights (SDRs) are valued based on a basket of four major currencies.
3. The IMF is a specialised agency of the United Nations.
4. The term “Bretton Woods twins” refers to the IMF and the World Bank.
How many of the above statements are correct?
(a) Only three
(b) Only four
(c) Only one
(d) Only two
7. Consider the following statements regarding Zero Hour and Question Hour:
1. Question Hour is the first hour of parliamentary sitting.
2. Unstarred questions receive written answers, and no supplementary questions are allowed.
3. Zero hour begins immediately after Question Hour.
4. Zero hour allows members to raise matters of urgent public importance without prior notice.
How many of the above statements are correct?
(a) Only one
(b) Only two
(c) Only three
(d) All four
8. Under PM-KMY, in case of the death of the subscriber, who is eligible for the family pension?
(a) Eldest child
(b) Any dependent family member
(c) Spouse only
(d) Parents of the subscriber
9. Which of the following is NOT a member of OPEC+?
(a) Malaysia
(b) Brunei
(c) Mexico
(d) Qatar
10. With reference to cesses and surcharges, consider the following statements:
1. Both cess and surcharge are levied under Article 271 of the Constitution.
2. Revenue from both cess and surcharge is not shared with States.
3. A cess is levied for a specific purpose, while a surcharge can be used for any purpose of the Union.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
ANSWERS for Daily Current Affairs Prelims Practice (01-12-2025):
1. Answer: (d)
2. Answer: (b)
3. Answer: (c)
4. Answer: (c)
5. Answer: (c)
6. Answer: (a)
7. Answer: (c)
8. Answer: (c)
9. Answer: (d)
10. Answer: (d)
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