TALENT HUNT ANSWERS 14/04/2020

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1. According to the World Intellectual Property Organization, which country was the first to apply for an international patent in 2019?
a. China
b. Nepal
c. India
d. Russia

ANSWER: a. In the
year 2019, China was first in the application for international patent, while America was second in the second place. Japan ranked third in the application ranking, followed by Germany and South Korea. Since the establishment of the Patent Cooperation Treaty system in 1970, the US was the most applying country each year. The World Intellectual Property Organization is a global platform for intellectual property services, policy, information and cooperation. The organization is a self-financed agency of the United Nations with 191 member countries.


2. According to the latest report of the Center for Monitoring Indian Economy, with what percentage the employment rate fell to the lowest level in March 2020?
a. 18.2 percent
b. 38.2 percent
c. 8.2 percent
d. 28.2 percent

ANSWER: b.
Labor participation rate was 42.7% in March 2019 at 38.2 percent . According to the Center for Monitoring Indian Economy, LPR peaked at 41.9% in March 2020, marking the first time LPR has fallen below 42% in a month. According to analysts, the unemployment rate has been steadily rising since the lowest point of 3.4% in July 2017, but a 98 basis point increase over the previous month in March 2020, the highest monthly increase ever recorded. Employment rate refers to the number of people of working age who have employment in a particular region. It is calculated as the ratio of the working population to the total population.


3. Recently in which country, in the virtual meeting of G-20 countries, major petroleum producing countries have decided to cut their daily oil production by mutual consent to control the falling prices of mineral oil?
a. China
b. Russia
c. Saudi Arabia
d. Japan

ANSWER: c. In
a virtual meeting of Saudi Arabian G-20 countries, the world’s major oil producing countries Saudi Arabia, Russia, USA etc. have agreed to cut the global oil supply to stabilize the falling mineral oil prices. According to the US Secretary of Energy, by the end of 2020, US oil production can be cut by 2-3 million barrels per day. Under this agreement, Saudi Arabia and Russia will cut their petroleum production by 2.5 million barrels per day between May and June and Iraq will cut its petroleum production by 1 million barrels per day.


4. Recently the President of the Asian Development Bank has assured how many billion dollars in financial assistance to India to respond to the COVID-19 epidemic?
a. 1.2 billion dollars
b. 3.2 billion dollars
c. 2.9 billion dollars
d. 2.2 billion dollars

ANSWER: d. The $ 2.2 billion
Asian Development Bank has announced a preliminary package of about $ 6.5 billion to meet the emergency needs of developing member countries, including India. The economic measures announced by the Asian Development Bank will provide considerable relief and encouragement to the poor and businessmen and will help in speeding up the current economic crisis. The Asian Development Bank (ADB) is a regional development bank. It was established on 19 December 1966. ADB is headquartered in Manila, Philippines. The ADB currently has 68 members, 49 of whom are from the Asia-Pacific region.


5. The industry body of real estate developers, NAREDCO and industry association Assocham have requested the Government of India to give a relief package of how many billion dollars for Indian industries?
a. 200 billion dollars
b. 300 billion dollars
c. 400 billion dollars
d. 500 billion dollars

ANSWER: .a. 200 billion dollar
industry bodies estimate that to compensate for loss of jobs and income, $ 50-100 billion in cash will be required in the next three months. In the recommendation letter written to Finance Minister Nirmala Sitharaman, the President of ASSOCHAM has proposed several measures to fight the COVID-19 epidemic and save the economy from the effects of this epidemic. The National Real State Development Council (NAREDCO) was established in the year 1998 as an autonomous self-regulatory body under the aegis of the Ministry of Housing and Urban Affairs. ASSOCHAM is one of the largest trade associations in India, which was established in 1920 to create value for Indian industry.

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