IASbaba Daily Prelims Quiz
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Q.1) Recently Union Cabinet approved a scheme to grant Permanent Residency Status (PRS) to foreign investors. Consider the following statements with respect to same.
- It will serve as a multiple entry visa without any stay stipulation
- The foreign investor will have to invest a minimum of Rs. 10 crores to be brought within 18 months to be eligible for this scheme
Select the correct statements
- Only 1
- Only 2
- Both 1 and 2
- None
Q.2) Logistics Performance Index (LPI) is released by
- World Bank
- World Trade Organisation (WTO)
- International Monetary Fund (IMF)
- International Chamber of Commerce
Q.3) Central trade unions have called a nationwide strike today (2 September, 2016) to protest the government’s announcement of a hike in minimum wages for workers. Consider the following in regard to minimum wages and choose the incorrect statement:
- States may notify minimum wages only if there are more than 1,000 workers in a particular employment.
- National Floor Level Minimum Wage has a statutory backing, which makes it mandatory for states to fix minimum wages at not less than the National Floor Level Minimum Wage.
- Currently the National Floor Level Minimum Wage stands at Rs 160 per day.
- None
Q.4) Consider the following statements with respect to Asian Infrastructure Investment Bank (AIIB)
- It is aimed at supporting the building of infrastructure projects in Asia-Pacific region
- It is headquartered at Singapore
Select the correct statements
- Only 1
- Only 2
- Both 1 and 2
- None of the above
Q.5) This tool allows developing countries to raise tariffs temporarily to deal with import surges or price falls. Identify the tool from the following options:
- Special Drawing Rights
- Special Safeguard mechanism
- GATT
- National Treatment Obligation
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All the best
IASbaba