Ten MCQs on current International and national events - 78

PRERNA FOR IAS

(ASSOCIATE OF SAMKALP)

                                        A-Category MCQs -78

Q1. With reference to India's response to the attack on a commercial ship near Oman, consider the following statements:

1. Freedom of navigation is an important principle of international maritime law.
2. The Strait of Hormuz is strategically important for global energy trade.
3. India has no direct economic interest in maritime security in West Asia.

Which of the statements given above are correct?

A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3

Answer: A

Explanation: Freedom of navigation is a recognized principle under international maritime law and is essential for global trade. The Strait of Hormuz is one of the world's most important energy chokepoints through which a large share of global oil trade passes. India has significant economic and strategic interests in the region because it imports energy, depends on maritime trade routes, and has a large diaspora working in West Asia. Therefore, statement 3 is incorrect. The question highlights the link between maritime security and India's economic interests.

Q2. Consider the following regarding Monetary Policy Committee (MPC):

1. It was established through an amendment to the RBI Act, 1934.
2. It consists of six members.
3. The RBI Governor has a casting vote in case of a tie.

Which of the statements are correct?

A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Answer: D