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Consider the following Turkey is bordered by eight countries: Greece and Bulgaria to
statements regarding the northwest; Georgia to the northeast; Armenia, the
Turkey : Azerbaijani exclave of Nakhchivan and Iran to the east; Iraq
1. Turkey is and Syria to the south.
bordered by 6 countries.
2. The country is
encircled by seas on
three sides: the Aegean
Sea is to the west, the
Black Sea to the north,
and the Mediterranean
Sea to the south.
Which of the statements
given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans : (b) 2 only
Consider the following statements Turkey :
regarding Turkey : • Current bilateral Trade is about $6.4 Billion
o
The Kurds are an ethnic group in the and offers to mediate between India and Pakistan.
South East Asia Thus, it is against India's stance of Kashmir being a
o
mostly inhabiting a contiguous area bilateral issue.
spanning adjacent parts of • Turkey supports Organisation of Islamic
(Southern Kurdistan), and northern the Turkish stance has been to push for Pakistan’s
Syria (Western Kurdistan). case along with India’s.
Which of the statements given above • Turkey supports India’s bid for a permanent seat in
welcoming Turkey.
• The two nations are also exploring cooperation in
areas such as construction, infrastructure
development, renewable energy, and tourism
GDP is lesser than that of China and Russia at 43 and South Africa at 54.
Brazil • Reason : low levels of investment in
In India, the government accounts for the Research and Development (R&D).
majority share of overall spending in • According to the World Bank, in 2014,
research India’s gross spending on R&D was about
Which of the statements given above 0.63% of its GDP, against 1.5% by China
is/are correct? and 1.1% by Brazil.
a) 1 only • Many developed countries spend
Products used by differently-abled people are A tax incidence is an economic term for
being taxed at the lowest GST rate of 5%. the division of a tax burden between
Which of the following is/are the consequences? buyers and sellers.
• Tax incidence will go up, resulting in higher
expenditure incurred by the buyer • if such goods are exempt, then even
• Imported products of the same category of imports will have to be at zero duty,
goods will be at an advantage as they are which will increase competition for the
zero-rated domestic industry. This would mean
Select the correct answer using the code given that domestically manufactured
below: devices and equipment would bear
a) 1 only the burden of input taxes, increasing
b) 2 only their cost and becoming
c) Both 1 and 2 uncompetitive to imports.
d) Neither 1 nor 2
The ‘City Liveability Index’ was • The Ministry of Urban Development (now Ministry of
recently launched by Housing and Urban Affairs) launched the City
a) Ministry of Housing and Urban Liveability Index.
Affairs
• The index will be used to measure 116 cities, which
include smart cities, state capitals, and cities with a
b) Ministry of Health and Family
population of above one million.
Welfare • Why the Index :
c) Ministry of Drinking Water and • The index will be a common minimum reference
http://moud.gov.in/#
44 billion.
• Each year´s Report
o
covers the latest trends in foreign direct
investment around the World and
o
analyses in depth one selected topic related to
foreign direct investment and development.
Consider the following statements Impact on Arabs:
• Iraq and Saudi Arabia are arch rival due to Shia-
regarding Iran nuclear deal :
The deal allows Iran to engage in Sunni conflict
• Saudi Arabia has openly opposed the deal
nuclear activities for peaceful and
• seen as a threat to themselves by Sunni nations
constructive purposes like
(Saudi Arabia, UAE, Egypt etc.)
addressing it’s energy needs. • Thus it may lead to proliferation of nuclear weapons
It was done between Iran and P5+1 via Pakistan to these nations further endangering
The deal is seen as a threat to global peace.
themselves by Sunni nations (Saudi Impact on India:
Arabia, UAE, Egypt etc.) • India need all Arab nations. So a fine balancing act
(a) 1 only nations of the region and imports crude oil from
(b) 1 and 3 only Saudi Arabia as well as Iran.
• A large number of Indians work in the Gulf countries.
(c) 2 and 3 only
• At the same time, India which is on the target of
(d) 1, 2 and 3
Islamist terrorism will also have to make sure that
Ans : (c) 2 and 3 only
nuclear weapons don’t reach them.
Consider the following statements “It is not mentioned in the Rules of Procedure. It
regarding Zero Hour : is an Indian innovation in the field of
It is not mentioned in the Rules of parliamentary procedures and has been in
Procedure. existence since 1962. With this device, members
It is an Indian innovation in the field of the Parliament can raise matters without prior
of parliamentary procedures notice.”
It has been in existence since 1962. These statements refer to which one of the
With this device, members of the following devices of parliamentary proceedings?
Parliament can raise matters without a) Question Hour
prior notice. b) Zero Hour
Select the correct answer using the code c) Calling Attention Motion
given below. d) Half-an-Hour Discussion
(a) 1 and 2 only Ans : b.
(b) 1, 3 and 4 only • The Calling Attention motion, unlike the zero
The ‘Joint International Taskforce on • The JITSIC brings together 37 of the world’s
Shared Intelligence and Collaboration’ national tax administrations that have
is related to the issue of committed to more effective and efficient
a) Tax avoidance ways to deal with tax avoidance.
b) Drug trafficking • It offers a platform to enable its members to
c) Trafficking of women and children actively collaborate within the legal
d) “Lone wolf”-style terrorism framework of effective bilateral and
Ans : A multilateral conventions and tax information
exchange agreements – sharing their
experience, resources and expertise to tackle
the issues they face in common.
• India is a member.
With reference to the Strategic Partnership • Building expertise:
• The government will select one strategic
Model, consider the following statements:
It was released by the Ministry of Home partner for manufacture of each of the
Affairs. following defence equipment: fighter
The Government will select only one aircrafts, helicopters, submarines and main
strategic partner for manufacture of each battle tanks.
• This is to ensure that each strategic partner
category of defence equipment
To be eligible for a strategic partnership, the maintains a core area of expertise.
organisation must be an Indian company, • Ownership and management:
• An organisation must be an Indian company
owned and controlled by resident Indian
citizens (as defined under the Companies Act, 2013),
Which of the following statements given above owned and controlled by resident Indian
is/are correct? citizens, to be eligible for strategic
(a) 1 only partnerships.
• Indian citizens must have majority
(b) 1 and 3 only
(c) 2 and 3 only representation on the company’s Board of
(d) 1, 2 and 3 Directors, and the chief executives of the
Ans : (c) 2 and 3 only company must be resident Indians.
• Maximum FDI permitted in such a company
It was released by the Ministry of Defence.
will be 49%.
Challenges : fundamental differences Israel and India Which of the following statements refer to
have on BITs certain provisions in the model Bilateral
Investor-state dispute settlement (ISDS) provision Investment Treaty (BIT) of Israel, that are
that allows foreign investors to bring claims against a absent in the Indian BIT?
host state for alleged treaty breaches at international Foreign investors can bring claims against a
arbitral forums. host state for alleged treaty breaches at
o Foreign investors prefer international arbitration — international arbitral forums
which is faster and independent — over litigating in Israel’s BIT model provides a broad asset-
domestic courts. based definition of foreign investment
o Israeli model : gives an investor the choice to submit unlike the Indian model which defines it
any investment dispute with a state to international narrowly
arbitration if not resolved within 6 months through It contains a broad, Most Favoured Nation
negotiations. (MFN) provision
o Indian model : A foreign investor will have to litigate Select the correct answer using the code
in domestic courts for 5 years before pursuing a given below:
claim under international law. a) 1 and 2 only
Israel’s model provides a broad asset-based definition of b) 2 and 3 only
foreign investment that covers both FDI and portfolio c) 1 and 3 only
investment. d) 1, 2 and 3
o Indian model of 2016 defines investment narrowly as Solution: b.
an enterprise (with its assets) that has to possess
certain characteristics of investment including the
investment having ‘significance for the development’
— words not defined in the BIT — of the host
country.
Israeli model contains a broad most favoured nation
(MFN) provision - which is missing in the Indian model.
Indian model excludes taxation altogether from the
purview of the BIT.
o Thus, the foreign investor cannot bring an ISDS claim