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International (Current Affairs – UPSC) (Part-III)

📆 March 31, 2025

Total Questions: 56

51. Consider the following statements: [2024-1]

Statement-1: Recently, Venezuela has achieved rapid recovery from its economic crisis and succeeded in preventing its people from fleeing/emigrating to other countries.

Statement-II: Venezuela has the world's largest oil reserves.

Which one of the following is correct in respect of the above statements?

Correct Answer: (d) Statement-I is incorrect, but Statement-II is correct
Solution:Statement 1 is wrong: Venezuela continues to suffer from hyperinflation and riots to loot food from stores.

Statement 2 is correct: Venezuela has the largest amount of oil reserves in the world with more than 300 billion barrels in reserve. Saudi Arabia has the second-largest amount of oil reserves in the world with 297.5 billion barrels.

Hence, Option (d) is the correct answer.

52. Which of the following statements about 'Exercise Mitra Shakti-2023' are correct? [2024-1]

1. This was a joint military exercise between India and Bangladesh.

2. It commenced in Aundh (Pune).

3. Joint response during counter-terrorism operations was a goal of this operation.

4. Indian Air Force was a part of this exercise.

Select the answer using the code given below:

Correct Answer: (d) 2,3 and 4
Solution:Statement 1 is wrong: Because Exercise Mitra Shakti-2023 was a joint military Exercise between India and Sri Lanka. Thus, Statement 1 is wrong and by elimination of options containing this statement, we arrive at the correct answer (d).

53. Consider the following pairs: [2024-1]

List-I (Country) List-II (Reason for being in the news) 
1. ArgentinaWorst economic crisis
2. SudanWar between the country's regular army and paramilitary forces
3. TurkeyRescinded its membership of NATO

How many of the pairs given above are correctly matched?

Correct Answer: (b) Only two pairs
Solution:Statement I right. Argentina: Argentina has been facing a severe economic crisis, including high inflation, debt issues, and currency devaluation. This pair is correctly matched.

Statement 2 right Sudan: Sudan has been in the news due to a devastating conflict between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF). This pair is correctly matched.

Statement 3 wrong, Turkey: Turkey has not rescinded its membership of NATO. This pair is wrongly matched.

Hence, Option (b) is the correct answer.

54. Consider the following statements: [2024-1]

Statement-I: Sumed pipeline is a strategic route for Persian Gulf oil and natural gas shipments to Europe.

Statement-II: Sumed pipeline connects the Red Sea with the Mediterranean Sea.

Which one of the following is correct in respect of the above statements?

Correct Answer: (a) Both Statement-1 and Statement-II are correct and Statement-II explains Statement-I
Solution:Statement I: The Sumed pipeline is indeed a crucial alternative route for transporting oil from the Persian Gulf to Europe, bypassing the Suez Canal.

Statement II: The Sumed pipeline is located in Egypt and physically connects the Ain Sokhna terminal on the Red Sea to Sidi Kerir on the Mediterranean sea. so, yes, it provides a shorter and more efficient route for oil tankers, reducing transportation time and costs.

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I.

55. Consider the following statements: [2024-1]

Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.

Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.

Which one of the following is correct in respect of the above statements?

Correct Answer: (a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
Solution:Statement I is correct: The United States of America if defaults on its debt, the holders of its treasury bonds would not be able to claim and receive payments. As the US government issued bonds are not backed by any underlying asset, a default on the USA's government bond will trigger a default.

Statement II is correct: These bonds are backed by the full faith and credit of the United States government and not backed by hard assets.

So, Both Statement-I and Statement-II are correct and Statement-II explains Statement-I.

56. Consider the following statements: [2024-1]

1. India is a member of the International Grains Council.

2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.

Which of the statements given above is/are correct?

Correct Answer: (a) l only
Solution:Statement 1 is correct: India is indeed a member of the International Grains Council (IGC). The IGC is an intergovernmental organization that aims to further international cooperation in grains trade and to improve market transparency. India, being a significant player in the global grains market, is a member of this council.

Statement 2 is wrong: It is not mandatory for a country to be a member of the International Grain Council (IGC) for exporting or importing rice and wheat.

Hence, Option (a) is the correct answer

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