Current Affairs Quiz 06 October 2022
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Current Affairs Quiz 06 October 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements about Organization of the Petroleum Exporting Countries (OPEC)
1. It is an intergovernmental organization of 9 nations.
2. The stated mission of the organization is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets,
Which of the statements given above is/are correct?CorrectAnswer: B
About Organization of the Petroleum Exporting Countries (OPEC)
• The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.
• As of 2018, the 14 member countries accounted for an estimated 44 percent of global oil production and almost 82% of the world’s “proven” oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called “Seven Sisters” grouping of multinational oil companies.
• The stated mission of the organization is to “coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.IncorrectAnswer: B
About Organization of the Petroleum Exporting Countries (OPEC)
• The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.
• As of 2018, the 14 member countries accounted for an estimated 44 percent of global oil production and almost 82% of the world’s “proven” oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called “Seven Sisters” grouping of multinational oil companies.
• The stated mission of the organization is to “coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry. - Question 2 of 5
2. Question
Consider the following statements about the Emergency Credit Line Guarantee scheme.
1. It provides 100% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC)
2. Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
Which of the above statement is/are correct?CorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
• Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
• The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
• Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
• No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
• Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.IncorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
• Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
• The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
• Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
• No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
• Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs. - Question 3 of 5
3. Question
The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of
CorrectAnswer: A
IncorrectAnswer: A
- Question 4 of 5
4. Question
Consider the following places with their locations;-
1.Mosul -Iraq
2.Aleppo -Syria
3.Raqqah -Lebanon
4.Kirkuk -Qatar
5.Najaf -PalestineWhich of the following is correctly matched?
CorrectAns;- a) 1&2only
Explanation;-
Raqqah is situated in Syria.
Kirkuk and Najaf are situated in Iraq.IncorrectAns;- a) 1&2only
Explanation;-
Raqqah is situated in Syria.
Kirkuk and Najaf are situated in Iraq. - Question 5 of 5
5. Question
Which of the following statements regaridng Pneumonia are correct?
1. The Pnuemonia are caused by Bacteria and Virus Only
2. The Pnuemonia mainly affects the brainCorrectAns;- d) None of the above
About Pneumonia Disease
• Pneumonia is the single largest infectious cause of death among children under five years of age worldwide, accounting for nearly 10 lakhs deaths globally.
• Pneumonia continues to be the leading cause of mortality in children worldwide, with India accounting for 20% of those deaths and a higher burden of childhood pneumonia than any other country.
• The vaccine “Pneumosil” (Country’s First Pneumococcal Conjugate Vaccine ) has been developed by the Serum Institute of India Private Limited (SIIPL) in collaboration with partners like the Bill and Melinda Gates Foundation.
• Pneumonia is an infection that inflames the air sacs in one or both lungs
• A variety of organisms, including bacteria, viruses and fungi, can cause pneumonia.
• In the United States, common causes of viral pneumonia are influenza, respiratory syncytial virus (RSV), and SARS-CoV-2 (the virus that causes COVID-19).
• A common cause of bacterial pneumonia is Streptococcus pneumoniae (pneumococcus).IncorrectAns;- d) None of the above
About Pneumonia Disease
• Pneumonia is the single largest infectious cause of death among children under five years of age worldwide, accounting for nearly 10 lakhs deaths globally.
• Pneumonia continues to be the leading cause of mortality in children worldwide, with India accounting for 20% of those deaths and a higher burden of childhood pneumonia than any other country.
• The vaccine “Pneumosil” (Country’s First Pneumococcal Conjugate Vaccine ) has been developed by the Serum Institute of India Private Limited (SIIPL) in collaboration with partners like the Bill and Melinda Gates Foundation.
• Pneumonia is an infection that inflames the air sacs in one or both lungs
• A variety of organisms, including bacteria, viruses and fungi, can cause pneumonia.
• In the United States, common causes of viral pneumonia are influenza, respiratory syncytial virus (RSV), and SARS-CoV-2 (the virus that causes COVID-19).
• A common cause of bacterial pneumonia is Streptococcus pneumoniae (pneumococcus).
