Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 18 October 2022
Q1. Consider the following statements regarding Central Bank Digital Currency (CBDC):
1. It is a legal tender.
2. It is a digital form of fiat currency.
3. It is exchangeable one-to-one with the fiat currency.
Which of the statement given above is/are correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: (D)
Explanation:
- A CBDC is a legal tender issued by a central bank in digital form. So, statement 1 is correct.
- It is the same as a fiat currency and exchangeable one-to-one at par (1:1) with the fiat currency. Only its form is different. So, statement 2 and 3 are correct.
Q2. Consider the following statements regarding Electoral Bonds.
1. Electoral bonds can be purchased from the authorized
branches of SBI during a specific time window.
2. All registered political parties are eligible for electoral bond funding.
3. The Election commission of India has the power to regulate political party
funding through electoral bonds.
Select the incorrect statement(s) using the code given below.
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer: (B)
Explanation:
- Electoral bonds can be purchased from authorized branches of the State bank of India. Thus statement 1 is correct.
- Only the political parties registered under Section 29A of the Representation of the People Act, 1951, and have secured not less than 1% of the votes polled in the last general election to the House of the People or the Legislative Assembly, are eligible to receive electoral bonds. Hence statement 2 is incorrect.
- Electoral bonds are out of the ambit of the Representation of People Act and hence the ECI does not possess any such powers to regulate funding to political parties. Thus statement 3 is also incorrect.
Q3. IN–SPACe sometimes seen in news is related to.
a) Software Industry
b) Space Industry
c) Mining Industry
d) Education Industry
Answer: (B)
Explanation: Indian National Space Promotion and Authorisation Centre (IN–SPACe) is a single-window autonomous agency under the Department of Space of the Government of India. So, option 2 is correct.
Q4. Consider the following statements regarding the developments in the field of Science and Technology.
1. Open Quantum Safe Project is an initiative of the Ministry
of Information and Technology for prototyping and integrating quantum-resistant
cryptographic algorithms.
2. “Techno-democracies” is a term which indicates countries with top technology
sectors, advanced economies, and a commitment to liberal democracy.
3. Quantum Key Distribution is a new method devised by IT companies to
distribute Software Keys using Quantum technology.
Choose the INCORRECT answer using the code given below:
a) 1 only
b) 1 and 2 only
c) 2 and 3 only
d) 1 and 3 only
Answer: (D)
Explanation:
- Open Quantum Safe Project, a Global initiative started in 2016 for prototyping and integrating quantum-resistant cryptographic algorithms. It is not an Indian project thus statement -1 is incorrect.
- “Techno-democracies” indicates countries with top technology sectors, advanced economies, and a commitment to liberal democracy, thus statement 2 is correct.
- Quantum Key Distribution is an application of Quantum Cryptography which is used to encrypt communication signals thus securing them from hacking. Hence statement-3 is incorrect.
Q5. Education 4.0 report has been released by:
a) World Economic Forum
b) World Bank
c) UNESCO
d) Ministry of Education
Answer: (A)
Explanation:
- The Education 4.0 Report’ has been released by the World Economic Forum under the Education 4.0 India initiative, launched in May 2020.
- It explains how technology can address learning gaps and make education accessible to all.
Hence (a) is correct answer.
