Myanmar’s plans for conscription has triggered fear that it may create a new wave of exodus of young Myanmar nationals leaving for neighbouring countries in South and Southeast Asia.

The announcement of conscription that took place during the last weekend has made it compulsory for all Myanmar male citizens to join the armed forces as the military junta deals with countrywide insurgency that has freed large parts of the provinces like Arakan, Chin, Kachin, and Sagaing and a few areas in the southeast of the country near the Thai-Myanmar border.

Sources in the democratic opposition of Myanmar who spoke on condition of anonymity painted a grim internal picture of Myanmar said the situation could get out of control as the desperate military rulers in Naypyidaw tries to reclaim areas that it lost to groups like the Arakan Army.

Source – https://www.thehindu.com/news/national/

Passage 2

The Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA) during the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve Bank of India (RBI) has the authority to take action against certain other instances of alleged non-compliance, according to the sources privy to the matter.
On January 31, the RBI had issued a circular barring PPBL from taking further deposits, top-ups or undertaking credit transactions into its customer accounts, wallets, FASTags, and National Common Mobility Cards (NCMC) after February 29. The deadline has now been extended till March 15.

Source- https://www.thehindu.com/business/

17th FEB 2024

First Name

Passage 1

1. The Conscription made compulsory for the male citizens of which age to compulsory participate in military?

A. 18-21

B. 18-24

C. 18-30

D. 18-35

2. Who is the current Prime Minister of Myanmar?

A. Aung San Suu Kyi

B. Min Aung Hlaing

C. Myint Swa

D. Kyu Bai Suochen

3. The plan came after the junta lost control of swathes of territory along a frontline that stretches from the highlands bordering China to the coastline near Bangladesh, some of it in a coordinated offensive by rebel groups that started in October, dubbed as Operation ___.

A. 1027

B. Mingalarbar

C. Khoon nit

D. C515

4. Myanmar gained independence from Britain in 1948. It was ruled by the armed forces from 1962 until which year, when a new government began ushering in a return to civilian rule?

A. 2009

B. 2010

C. 2011

D. 2013

5. Myanmar does not shares its border with which of this?

A. China

B. Thailand

C. Bangladesh

D. Vietnam

Passage 2

6. The RBI directive prohibits Paytm Payments Bank from accepting fresh deposits, credit transactions, or top-ups in customer accounts, including which of this prepaid instruments?

A. FasTag

B. Wallet

C. Prepaid Recharge

D. A and B

7. Which of this is the Parent company of Paytm?

A. Alphabet Co.

B. Lendingkart

C. One97

D. Pine Labs

8. The ED functions under which of this?

A. Department of Revenue of the Ministry of Finance

B. Financial Committee of Central Government

C. Department of Financial Regulations of Ministry of Finance

D. None

9. The legal framework for the administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act of which year?

A. 1994

B. 1997

C. 1999

D. 2001

10. Which of this is incorrect about FEMA?

A. Under the FEMA, which came into force with effect from in 2001, all transactions involving foreign exchange have been classified either as capital or current account transactions.

B. All transactions undertaken by a resident that do not alter his / her assets or liabilities, including contingent liabilities, outside India are current account transactions.

C. Both a and b

D. None

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