Questions from Crash Course
1. With the reference to Patriot Missile System, consider the following statements:
- The Patriot is the ground-based air defence system that would be sent to Ukraine by Germany.
- The Patriot system’s radar has a range of below 150 km.
- The Patriot Missile System can defend against ballistic missiles and cruise missiles.
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3 only
2. Recently, ‘Group of Friends’ was seen in the news, launched by?
A. India
B. Bangladesh
C. Egypt
D. France
Questions from Test Series
Test 12 – Revision Test 2
3. With regards to BIMSTEC consider the following statements:
- BIMSTEC was formed by India in 2016 as an alternative to SAARC
- Recent 2022 BIMSTEC summit was chaired by Sri Lanka
- Nepal is member of BIMSTEC
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3
4. Which of the following are members of Indo-Pacific Economic Framework for Prosperity (IPEF)?
- India
- USA
- China
- Maldives
- Vietnam
- Brunei
Select the correct answer using the codes given below:
A. 1, 3, 4, ,5, 6 only
B. 1, 3, 4, 5 only
C. 1, 2, 5, 6 only
D. 1, 2, 4, 6 only
UPSC Previous Year Question
5. Which one of the following issues the ‘Global Economic Prospects’ report periodically ?
A. The Asian Development Bank
B. The European Bank for Reconstruction and Development
C. The US Federal Reserve Bank
D. The World Bank
Answers with Explanations
1. With the reference to Patriot Missile System, consider the following statements:
- The Patriot is the ground-based air defence system that would be sent to Ukraine by Germany.
- The Patriot system’s radar has a range of below 150 km.
- The Patriot Missile System can defend against ballistic missiles and cruise missiles.
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3 only
Answer: B
Explanation
- Statement 1 is not correct: Recently, the U.S. finally announced that it sent the Patriot, its most advanced ground-based air defence system, to Ukraine The Patriot.
- Phased Array Tracking Radar to Intercept on Target.
- Initially developed as a system to intercept high-flying aircraft, by U.S. aerospace and defence giant Raytheon Technologies Corp.
- Statement 2 is correct: The Patriot system’s radar has a range of over 150 km and it can track over 50 potential targets at the same time.
- Statement 3 is correct: Currently, Patriot batteries can defend against ballistic missiles, cruise missiles, drones, jets and “other threats”.
- It has been deployed in 18 countries, including the U.S.
- It is operational across NATO geography.
- It is in high demand in West Asia, where America’s allies such as Saudi Arabia, the UAE and Israel have been using it.
It doesn’t offer protection against low-flying small drones.
2. Recently, ‘Group of Friends’ was seen in the news, launched by?
A. India
B. Bangladesh
C. Egypt
D. France
Answer: A
Explanation
- India has launched the ‘Group of Friends’ to promote accountability for crimes against peacekeepers.
- The ‘Group of friends’ was launched during India’s current presidency of the U.N. Security Council.
- Co-chairs of the ‘Group of Friends’ – India, Bangladesh, Egypt, France, Morocco and Moral
- It is launched to Promote Accountability for Crimes against Peacekeepers, seek facilitation of capacity building and technical assistance to the host state authorities.
Questions from Test Series
Test 12 – Revision Test 2
3. With regards to BIMSTEC consider the following statements:
- BIMSTEC was formed by India in 2016 as an alternative to SAARC
- Recent 2022 BIMSTEC summit was chaired by Sri Lanka
- Nepal is member of BIMSTEC
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3
Answer: B
Explanation
- The fifth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was hosted virtually by Sri Lanka on March 30,2022.
- Sri Lanka is the current chair of the regional grouping.
- BIMSTEC includes countries of the Bay of Bengal region and seeks to act as a bridge between South and Southeast Asia.
- Originally formed as BIST-EC (Bangladesh, India, Sri Lanka and Thailand Economic Cooperation) in 1997 via Bangkok Declaration.
- It became BIMST-EC after Myanmar joined, and BIMSTEC in 2004 with the inclusion of Nepal and Bhutan.
- The 7 Member States ae Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand.
- It has its secretariat at Dhaka, Bangladesh. (2014).
- Member countries: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan (No Maldives, Afghanistan, Pakistan)
- Established in 1997
- The BIMSTEC countries are home to a population of around 1.5 billion, approximately 21 % of global population, with a cumulative GDP of US$ 2.5 trillion
4. Which of the following are members of Indo-Pacific Economic Framework for Prosperity (IPEF)?
- India
- USA
- China
- Maldives
- Vietnam
- Brunei
Select the correct answer using the codes given below:
A. 1, 3, 4, ,5, 6 only
B. 1, 3, 4, 5 only
C. 1, 2, 5, 6 only
D. 1, 2, 4, 6 only
Answer: C
Explanation
- India agreed to be a part of the Indo-Pacific Economic Framework for Prosperity (IPEF), a U.S.-led economic grouping comprising 14 countries.
- Prime Minister Narendra Modi, who was in Japan for the Quad Summit, joined U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and leaders of ten countries at the launch of the framework in Tokyo.
- Thereby initiating the path for negotiations among the ‘founding members.
- IPEF is a U.S.-led framework for participating countries to solidify their relationships and engage in crucial economic and trade matters that concern the region, such as building resilient supply chains battered by the pandemic.
- Member states: US, Australia, Brunei, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Fiji, and Vietnam.
- It is not a free trade agreement.
- IPEF is more about standard setting and facilitating trade and will not involve more market access for its members.
- IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains.
The IPEF will consist of four “pillars” of work:
- Fair and resilient trade (encompassing seven subtopics, including labor, environmental, and digital standards).
- Supply chain resilience.
- Infrastructure, clean energy, and decarbonization.
- Tax and Anti-corruption.
Indo Pacific Economic Forum
- This is Washington’s answer to the TPP and its successor agreement, the Comprehensive and Progressive Agreement for TPP (CPTPP) and the RCEP.
- The US had pulled out from the TTP due to enormous domestic backlash against the low/no tariff agreement in it.
- The US did not join the China-led 15-country RCEP.
- Last year, Beijing applied to join the 11-member CPTTP.
- So have Taiwan and the United Kingdom.
UPSC Previous Year Question
5. Which one of the following issues the ‘Global Economic Prospects’ report periodically ?
A. The Asian Development Bank
B. The European Bank for Reconstruction and Development
C. The US Federal Reserve Bank
D. The World Bank
Answer: D
Explanation
IBRD– International Bank for Reconstruction & Development
IFC– International Financial Corporation
IDA– International Development Association
ICSID– Centre for Settlement of Investment Disputes
MIGA- Multilateral Investment Guarantee Agency
Global Economic Prospects- 2023
- According to the report, the global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024.
- The downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies.
- Over the next two years, per-capita income growth in emerging market and developing economies is projected to average 2.8%, a full percentage point lower than the 2010-2019 average.
India Specific Highlight in Report
- Indian economic growth is projected to slow from 8.7% in FY2021/22 to 6.9% in FY2022/23.
- RBI’s projection of India’s GDP growth in FY23 is 6.8%.
- Further Slowdown: Indian economy is expected to grow at 6.6% in the fiscal year 2023-24.
- Silver Lining: India is expected to be the fastest-growing economy of the seven largest developing economies.
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