Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 22 April 2022
Q1. Consider the following statements Railways Privatization:
1. Indian Railways launched an ambitious plan to privatise 5
percent of Mail/Express trains in 12 clusters.
2. Railways announced to float a tender of around ₹ 1 lakh crore for the
procurement of Vande Bharat trains.
3. Recently, the Budget announced that 400 Vande Bharat trains would be
introduced in the next three years.
Select the correct answer 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: (C)
Explanation:
- Indian Railways launched an ambitious plan to privatise 5 percent of Mail/Express trains in 12 clusters.
- Recently, Railways announced to float a tender of around ₹25,000 crore for the procurement of 200 equivalents of Vande Bharat trains.
- Budget announcement that 400 Vande Bharat trains would be introduced in three years.
Q2. Consider the following statements with respect to National Hydrogen Mission :
1. Mission is launched by the Ministry of new and renewable
energy.
2. Waiver of inter-state transmission charges for a period of 25 years will be
allowed to the manufacturers of Green Hydrogen and Green Ammonia for the
projects commissioned before 30th June 2025.
Choose the correct option:
a) 1 only
b) 2 only
c) Both
d) None
Answer: (B)
Explanation:
- Mission is launched under the Ministry of Power. Hence statement 1 is incorrect.
- Waiver of inter-state transmission charges for a period of 25 years will be allowed to the manufacturers of Green Hydrogen and Green Ammonia for the projects commissioned before 30th June 2025.
Q3. Consider the following statements with respect to Nidhi (Amendment)Rules 2022:
1. Before becoming its member, one must ensure declaration of
a company as a Nidhi by the Central Government.
2. A Public Company incorporated as a Nidhi with a share capital of Rs.10 lakhs
needs to first get itself declared as a Nidhi with a minimum membership of 500
and NOF of Rs. 20 lac within 180 days of its incorporation.
Choose the incorrect option:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: (B)
Explanation: Nidhi (Amendment Rules) 2022
- A public company set up as a Nidhi with share capital of ₹1 million needs to first get itself declared as a Nidhi from the Union government.
- This can be done by submitting an application showing a minimum membership of 200 and net owned funds of ₹2 million within 120 days of its incorporation.
- The Promoters and Directors of the company have to meet the criteria of fit and proper person as laid down in the rules.
- For timely disposal, it has also been provided in amended Rules that in case no decision is conveyed by the Central Government within 45 days of the receipt of applications filed by companies in form NDH-4, approval would be deemed as granted.
- Hence, 2 and 3 are incorrect statements.
Q4. Consider the following statements:
1. Article 239AA of the Constitution provides a special status to Delhi.
2. Executive powers of the Union in respect of NCT of Delhi is confined to all
matter of state list.
Which of the above statement(s) is/are correct?
a) 1 only
b) 2 only
c) 1 and 2
d) None of these
Answer: (A)
Explanation:
- Article 239AA of the Constitution, which is a provision that provides for special status to Delhi.
- Executive powers of the Union in respect of NCT of Delhi is confined only to three subjects namely Police, Public Order and Land
Q5. Consider the following statements:
1. GST is a consumption tax that is levied on the manufacturing of goods.
2. It is a form of Indirect tax system.
Which of the statement/s given above is/are correct?
a) 1only
b) 2only
c) Both 1 and 2
d) None of these
Answer: (B)
Explanation:
- The GST (Good & Services Tax) is an indirect tax that was introduced subsuming various indirect taxes in India, including VAT, service tax, excise duty, etc.
- GST is applicable on ‘supply’ of goods or services as against the old concept on the manufacture of goods or on sale of goods or on provision of services.
Q6. Consider the following statement about (Digital Banking Units) DBUs.
1. As per the guidelines released by RBI, DBUs of the banks
will be treated as banking outlets.
2. Only Scheduled Commercial banks with past digital banking experience are
permitted to open DBUs in tier 1 to tier 6 centres.
Which of the above statement is/are Not correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: (D)
Explanation:
- Commercial banks (other than regional rural banks, payment banks and local area banks) with past digital banking experience are permitted to open DBUs in tier 1 to tier 6 centres, unless otherwise specifically restricted, without having the need to take permission from the RBI in each case.
- As per the guidelines released by RBI, DBUs of the banks will be treated as banking outlets.
Q7. Consider the following statements
1. Tea plants prefer basic soils.
2. Tea plants thrive in cooler climates with very less amounts of rainfall.
3. India is the largest producer of tea in the world.
Which of the above statements is/are correct?
a) 1 only
b) 1 and 2
c) 3 only
d) None of the above
Answer: (D)
Explanation:
- Tea plants thrive in cooler climates with high amounts of rainfall—at least 40 inches per year.
- Tea requires well drained soil with high amount of organic matter and pH 4.5 to 5.5(acidic).
- India is the second largest producer of tea in the world after China.
