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Question 1 of 10
1. Question
2 points
Consider the following statements regarding the funding of World Health Organisation
(WHO):
1) WHO gets its funding from Member States paying for their membership dues and voluntary contributions from Member States and other partners.
2) The WHO Foundation, a legal entity of WHO facilitates contributions from the general public, individual major donors and corporate partners to WHO.
3) For the 2018/2019 biennium, USA was the top contributor to WHO.
Which of the above statements is/are correct:
Correct
· Solution:
(B)
o WHO gets its funding from two main sources:
o Member States paying their assessed contributions (countries’ membership dues), and voluntary contributions from Member States and other partners.
o Assessed contributions (AC) are a percentage of a country’s Gross Domestic Product (the percentage is agreed by the UN General Assembly).
o Member States approve them every two-years at the World Health Assembly.
o They cover less than 20% of the total budget.
o The remainder of WHO’s financing is in the form of voluntary contributions (VC), largely from Member States as well as from other United Nations organizations, intergovernmental organizations, philanthropic foundations, the private sector, and other sources.
o The WHO Foundation was launched on 27 May 2020. It is legally separate from WHO and it will facilitate contributions from the general public, individual major donors and corporate partners to WHO and trusted partners to deliver on high-impact programmes.
Incorrect
· Solution:
(B)
o WHO gets its funding from two main sources:
o Member States paying their assessed contributions (countries’ membership dues), and voluntary contributions from Member States and other partners.
o Assessed contributions (AC) are a percentage of a country’s Gross Domestic Product (the percentage is agreed by the UN General Assembly).
o Member States approve them every two-years at the World Health Assembly.
o They cover less than 20% of the total budget.
o The remainder of WHO’s financing is in the form of voluntary contributions (VC), largely from Member States as well as from other United Nations organizations, intergovernmental organizations, philanthropic foundations, the private sector, and other sources.
o The WHO Foundation was launched on 27 May 2020. It is legally separate from WHO and it will facilitate contributions from the general public, individual major donors and corporate partners to WHO and trusted partners to deliver on high-impact programmes.
Question 2 of 10
2. Question
2 points
Consider the following statements:
1) The Generalized System of Preferences (GSP) is a preferential tariff system wherein differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
2) Generalized System of Preferences is outside the purview of WTO.
3) India has an untapped export potential in the European Union (EU) and is among the least beneficiaries of the EU’s GSP.
Which of the above statements is/are correct:
Correct
· Solution:
(A)
o India has an untapped export potential of $39.9 billion in the EU and Western Europe.
o The top products with export potential include apparel, gems and jewellery, chemicals, machinery, automobile, pharmaceuticals and plastic.
o India benefits from tariff preferences under the EU’s Generalized System of Preferences (GSP) for several of these products.
o In fact, India is among the major beneficiaries of the EU’s GSP, with exports under the GSP valued at nearly $19.4 billion in 2019, accounting for nearly 37% of India’s merchandise exports to the EU.
o The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products.
o The concept of GSP is very different from the concept of “most favored nation” (MFN).
o MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
o Both the rules comes under the purview of WTO.
Incorrect
· Solution:
(A)
o India has an untapped export potential of $39.9 billion in the EU and Western Europe.
o The top products with export potential include apparel, gems and jewellery, chemicals, machinery, automobile, pharmaceuticals and plastic.
o India benefits from tariff preferences under the EU’s Generalized System of Preferences (GSP) for several of these products.
o In fact, India is among the major beneficiaries of the EU’s GSP, with exports under the GSP valued at nearly $19.4 billion in 2019, accounting for nearly 37% of India’s merchandise exports to the EU.
o The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products.
o The concept of GSP is very different from the concept of “most favored nation” (MFN).
o MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country.
o Both the rules comes under the purview of WTO.
Question 3 of 10
3. Question
2 points
Which of the following are recognised as “Three Sisters” by the World Trade Organization’s
(WTO) Sanitary and Phytosanitary Measures (SPS) Agreement:
1) International Plant Protection Convention (IPPC)
2) Codex Alimentarius Commission
3) Pacific Plant Protection Organization
4) World Organization for Animal Health (OIE)
Select the correct answer code:
Correct
· Solution:
(B)
o The International Plant Protection Convention (IPPC) is one of the “Three Sisters” recognized by the World Trade Organization’s (WTO) Sanitary and Phytosanitary Measures (SPS) Agreement, along with the Codex Alimentarius Commission for food safety standards and the World Organization for Animal Health (OIE) for animal health standards.
Incorrect
· Solution:
(B)
o The International Plant Protection Convention (IPPC) is one of the “Three Sisters” recognized by the World Trade Organization’s (WTO) Sanitary and Phytosanitary Measures (SPS) Agreement, along with the Codex Alimentarius Commission for food safety standards and the World Organization for Animal Health (OIE) for animal health standards.
Question 4 of 10
4. Question
2 points
Eastern Economic Forum, sometimes seen in news is the initiative of:
Correct
· Solution:
(C)
o Eastern Economic Forum is an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.
Incorrect
· Solution:
(C)
o Eastern Economic Forum is an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.
Question 5 of 10
5. Question
2 points
Faith for rights (F4R) movement, recently seen in news is associated with:
Correct
· Solution:
(B)
o Faith for Rights, a UN-led movement which campaigns against incitement to national, racial or religious hatred, and exposes legislative patterns, judicial practices and government policies that undercut peaceful coexistence of different faiths.
Incorrect
· Solution:
(B)
o Faith for Rights, a UN-led movement which campaigns against incitement to national, racial or religious hatred, and exposes legislative patterns, judicial practices and government policies that undercut peaceful coexistence of different faiths.
Question 6 of 10
6. Question
2 points
Consider the following statements about International Covenant on Civil and Political Rights
(ICCPR):
1) International Covenant on Civil and Political Rights (ICCPR) is a multilateral treaty adopted by the United Nations General Assembly.
2) The covenant commits its parties to respect the civil and political rights of individuals including rights to due process and a fair trial.
3) The ICCPR is part of Universal Declaration of Human Rights (UDHR).
Which of the above statements is/are correct:
Correct
· Solution:
(D)
o The International Covenant on Civil and Political Rights (ICCPR) is a multilateral treaty adopted by the United Nations General Assembly.
o The covenant commits its parties to respect the civil and political rights of individuals, including the right to life, freedom of religion, freedom of speech, freedom of assembly, electoral rights and rights to due process and a fair trial.
o The ICCPR is part of the International Bill of Human Rights, along with the International Covenant on Economic, Social and Cultural Rights (ICESCR) and the Universal Declaration of Human Rights (UDHR).
o The ICCPR is monitored by the United Nations Human Rights Committee.
o China has signed the Covenant but not ratified it.
Incorrect
· Solution:
(D)
o The International Covenant on Civil and Political Rights (ICCPR) is a multilateral treaty adopted by the United Nations General Assembly.
o The covenant commits its parties to respect the civil and political rights of individuals, including the right to life, freedom of religion, freedom of speech, freedom of assembly, electoral rights and rights to due process and a fair trial.
o The ICCPR is part of the International Bill of Human Rights, along with the International Covenant on Economic, Social and Cultural Rights (ICESCR) and the Universal Declaration of Human Rights (UDHR).
o The ICCPR is monitored by the United Nations Human Rights Committee.
o China has signed the Covenant but not ratified it.
Question 7 of 10
7. Question
2 points
Which of the following countries are members of both BIMSTEC and SAARC:
1) Bangladesh
2) Bhutan
3) Myanmar
4) Sri Lanka
Select the correct answer code:
Correct
· Solution:
(A)
o The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. SAARC member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
Incorrect
· Solution:
(A)
o The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. SAARC member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
Question 8 of 10
8. Question
2 points
Consider the following statements regarding North Atlantic Treaty Organization (NATO):
1) NATO membership is open to any country that is willing to accept the terms of the military alliance.
2) All decisions are taken by consensus in NATO.
3) The Membership Action Plan (MAP) of NATO is a military code that prohibits attack on member countries by any of the NATO members.
Which of the above statements is/are correct:
Correct
· Solution:
(C)
o NATO membership is open to “any other European state in a position to further the principles of this Treaty and to contribute to the security of the North Atlantic area.”
o A “NATO decision” is the expression of the collective will of all 30 member countries since all decisions are taken by consensus.
o NATO is committed to the peaceful resolution of disputes.
o If diplomatic efforts fail, it has the military capacity needed to undertake crisis-management operations.
o These are carried out under the Washington Treaty – NATO’s founding treaty – or under a UN mandate, alone or in cooperation with other countries and international organizations.
o The Membership Action Plan (MAP) is a NATO programme of advice, assistance and practical support tailored to the individual needs of countries wishing to join the Alliance.
Incorrect
· Solution:
(C)
o NATO membership is open to “any other European state in a position to further the principles of this Treaty and to contribute to the security of the North Atlantic area.”
o A “NATO decision” is the expression of the collective will of all 30 member countries since all decisions are taken by consensus.
o NATO is committed to the peaceful resolution of disputes.
o If diplomatic efforts fail, it has the military capacity needed to undertake crisis-management operations.
o These are carried out under the Washington Treaty – NATO’s founding treaty – or under a UN mandate, alone or in cooperation with other countries and international organizations.
o The Membership Action Plan (MAP) is a NATO programme of advice, assistance and practical support tailored to the individual needs of countries wishing to join the Alliance.
Question 9 of 10
9. Question
2 points
Countries that are included in the FATF Grey list may face which of the following:
1) Economic sanctions from IMF and World Bank.
2) Problem in getting loans from other countries.
3) International boycott.
Select the correct answer code:
Correct
· Solution:
(D)
o Black List: Countries knowns as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist.
o These countries support terror funding and money laundering activities.
o The FATF revises the blacklist regularly, adding or deleting entries.
o Grey List:
o Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list.
o This inclusion serves as a warning to the country that it may enter the blacklist.
o Countries put into the grey list may face:
o Economic sanctions from IMF, World Bank, ADB.
o Problem in getting loans from IMF, World Bank, ADB and other countries.
o Reduction in international trade.
o International boycott.
Incorrect
· Solution:
(D)
o Black List: Countries knowns as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist.
o These countries support terror funding and money laundering activities.
o The FATF revises the blacklist regularly, adding or deleting entries.
o Grey List:
o Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list.
o This inclusion serves as a warning to the country that it may enter the blacklist.
o Countries put into the grey list may face:
o Economic sanctions from IMF, World Bank, ADB.
o Problem in getting loans from IMF, World Bank, ADB and other countries.
o Reduction in international trade.
o International boycott.
Question 10 of 10
10. Question
2 points
Consider the following statements regarding Asia-Pacific Economic Cooperation (APEC):
1) Asia-Pacific Economic Cooperation (APEC) is an inter-governmental forum for Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
2) APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region.
3) China, Russia and India are the members of APEC.
Which of the above statements is/are correct:
Correct
· Solution:
(B)
o Asia-Pacific Economic Cooperation (APEC) is an inter-governmental forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
o Headquartered in Singapore, the APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region, and exerts a significant global influence.
o India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea.
o
Incorrect
· Solution:
(B)
o Asia-Pacific Economic Cooperation (APEC) is an inter-governmental forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
o Headquartered in Singapore, the APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region, and exerts a significant global influence.
o India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea.
