Strategic Oil Reserves And Other Current Affairs Based Questions

1. India is building underground strategic oil reserves in which of the following locations?
   1. Visakhapatnam in Andhra Pradesh
   2. Mangalore in Karnataka
   3. Padur in Karnataka
   4. All of the above
      
      
2. Which of the following statement is incorrect in context of strategic oil reserves?
   1. These are massive caverns deep below the surface of earth.
   2. The construction is managed by Indian Strategic Petroleum Reserves Limited (ISPRL).
   3. The idea of such reserves was mooted by NDA government in 2014.
   4. They serve as cushion in response to external supply disruptions.
       
3. What is the significance of strategic oil reserves?
   1. Energy security
   2. Narrow down current account deficit
   3. Help refiners to adjust pricing of oil and their capital expenditure.
   4. All of the above
       
4. What is the approximate total length of waterways in India?
   1. 15000 km
   2. 10000 km
   3. 21000 km
   4. 5000 km
       
5. Which of the following is not the concern related to intellectual property regime in India as per the report of U.S. Chamber of Commerce's International Intellectual Property Index 2016?
   1. Lack of adequate enforcement mechanism to combat online piracy.
   2. Use of compulsory licensing for commercial and non emergency situations.
   3. India ranks way above the BRICS nations.
   4. Poor application and enforcement of civil remedies and criminal penalties.
       
6. According to the latest directions by the Union Ministry of Health and Family Welfare, what minimum percentage of space is to be dedicated to pictorial warning signs on beedi packets?
   1. 50%
   2. 85%
   3. 75%
   4. 100%
       
7. Consider the following statements regarding Indian Meteorological Department (IMD) and mark the correct statement:
   1. It reports to the Ministry of Earth Sciences.
   2. It is best known for its Monsoon Forecast.
   3. It is going to release its summer forecast for the first time in 2016.
   4. All are correct.

Answers:

1. d
2. c, By Atal Bihari Vajpayee government in 1998
3. d
4. a
5. c, India ranks 37 out of 38 countries.
6. b
7. d

References:

Underground strategic oil reserves: http://www.isprlindia.com/aboutus.asp

The Hindu: http://www.thehindu.com/opinion/op-ed/threat-of-energy-disruption-in-india-continues-to-present/article7252347.ece