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Economics MCQ- 06
https://wp.me/paGxiM-13b

Q.1) Consider the following statements about Transports Internationaux Routiers (TIR) Convention.
1. The conventions were adopted under the auspices of the United Nations Economic Commission for Europe (UNECE).
2. India has ratified the convention.
3. The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Iran’s Chabahar Port.
Which of the above statements is/are correct?
(a) 1 and 2
(b) 1,2 and 3
(c) 2 only
(d) None of the above
Solution: (b) 1,2 and 3
Explanation: -
 The Convention on International Transport of Goods Under Cover of TIR Convention is a multilateral treaty that was concluded at Geneva on 14 November 1975 to simplify and harmonise the administrative formalities of international road transport.
 The conventions were adopted under the auspices of the United Nations Economic Commission for Europe (UNECE).
 India became the 71st country to ratify the convention.
 The ratification is a part of India’s multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity.
Significance of this convention:
 TIR is the only global customs transit system that provides easy and smooth movement of goods across borders in sealed compartments or containers under customs control from the customs office of departure to the customs office of destination.
 It plays an important role in boosting regional connectivity and facilitating cross-border trade flows, according to connectivity experts.
 The TIR system has a globally accepted electronic control system for integrated transit operations.
 The TIR system not only covers customs transit by road but a combination is possible with other modes of transport (e.g., rail, inland waterway, and even maritime transport), as long as at least one part of the total transport is made by road.
 The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Chabahar Port of Iran.

https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series

Q.2) Global Energy Transition Index 2019 is released by?
1. World Bank
2. Organization of the Petroleum Exporting Countries (OPEC)
3. World Economic Forum (WEF)
4. International Energy Agency (IEA)
Solution: 3). World Economic Forum (WEF)
Explanation: -
 World Economic Forum has released its global Energy Transition index. The annual list ranks 115 economies on their ability to balance energy security and access with environmental sustainability and affordability.
 The index considers both the current state of the countries’ energy system and their structural readiness to adapt to future energy needs.
 Sweden retained its top spot on the list, followed by Switzerland and Norway in the second and third positions respectively.
 India has moved up two places to rank 76th on a global energy transition index. WEF said India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system.

https://www.civilservicegurukul.com/civil-service-gurukuls-current-affairs-test-series