Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 26 April 2022
Q1. Consider the following statements:
1. The value of an SDR is based on a basket of the world's
five leading currencies – the US dollar, euro, yuan, yen and the UK pound.
2. According to IMF, nearly 90 per cent of the global forex reserves have been
invested in US dollars.
Which of the statement/s given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither of these
Answer: (A)
Explanation:
- The value of an SDR is based on a basket of the world's five leading currencies – the US dollar, euro, yuan, yen and the UK pound.
- Acc. to IMF, nearly 60 per cent of the global forex reserves have been invested in US dollars.
Q2. Which of the following organisation releases the Logistics Performance Index?
a) OECD
b) World Economic Forum
c) UNCTAD
d) World Bank
Answer: (D)
Explanation: The Logistics Performance Index (LPI) is an interactive benchmarking tool created by the World Bank to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
Q3. Consider the following statements about phone tapping in India.
1. Phone tapping in India is governed by the Information and
Technology act 2000.
2. Phone tapping can be done only on the order made by the Secretary to the
Government of India in the Ministry of Home Affairs.
3. The order has to be conveyed to the service provider in writing; only then
can the tapping begin.
Which of the above statements is/are correct?
a) 1 and 2
b) 3 only
c) 1 and 3
d) All of the above
Answer: (B)
Explanation:
- Phone tapping in India is governed by the The Indian Telegraph Act, 1885.
- Rule 419A of the Indian Telegraph (Amendment) Rules, 2007, says phone tapping orders “shall not be issued except by an order made by the Secretary to the Government of India in the Ministry of Home Affairs in the case of Government of India and by the Secretary to the State Government in-charge of the Home Department in the case of a State Government”.
- The order has to conveyed to the service provider in writing; only then can the tapping begin.
Q4. Consider the following statements about FSSAI:
1. Food Safety and Standards Authority of India (FSSAI) is a
statutory body established under the Ministry of Consumer Affairs,Food and
public distribution.
2. The Act has replaced the Prevention of Food Adulteration Act ,1954
Choose the correct statement:
a) 1 only
b) 2 only
c) Both
d) Neither
Answer: (B)
Explanation:
- Food Safety and Standards Authority of India (FSSAI) is a statutory body under the Food Safety and Standards Act ,2006 under the Ministry of Health and Family Welfare.Hence, statement 1 is incorrect.
- The FSSAI has been established under the Food Safety and Standards Act, 2006 and is an independent authority under the Ministry of Health and Family Welfare.
- The Act has replaced the Prevention of Food Adulteration Act ,1954
Q5. Consider the following statements with respect to Niti Ayog :
1. It was established with the aim to achieve the sustainable
development goals through active involvement of state governments in the
planning process.
2. It focuses upon Bottom-up approach of planning.
3. It is responsible for allocating funds for developmental programmes.
Choose the correct statement :
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1,2 and 3
Answer: (A)
Explanation: NITI AYOG
- The NITI Aayog serves as the apex public policy think tank of the Government of India
- It is the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.
- Powers to allocate funds for the programmes and schemes are vested in the Finance Minister . Hence , the third statement is incorrect.
Q6. Consider the following statements regarding Food Safety and Standards Authority of India (FSSAI):
1. FSSAI is a statutory body established under the Food
Safety and Standards Act, 2006 (FSS Act).
2. According to FSSAI recent circular, Bureau of Indian Standards(BIS)
certification is mandatory on packaged water bottles.
3. FoSCoS (Food Safety Compliance System) portal launched by FSSAI for food
business operators to furnish their details regarding BIS certificate.
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: (D)
Explanation:
- FSSAI is a statutory body established under the Food Safety and Standards Act, 2006 (FSS Act).
- According to FSSAI recent circular, Bureau of Indian Standards(BIS) certification is mandatory on packaged water bottles.
- FoSCoS (Food Safety Compliance System) portal launched by FSSAI for licensees to furnish their details regarding BIS certificate.
Q7. Consider the following statements:
1. A debt-for-goods model is an example of the countertrade arrangement.
2. There is a definitive policy for countertrade in India under trades rule act
2011.
Which of the statement/s given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither of these
Answer: (A)
Explanation:
- A debt-for-goods model is a countertrade transaction wherein a country avails itself of funding for a development project, and full or partial repayment of the debt is through exchange of goods or services to the lender country.
- In spite of several countertrade transactions over the years, there is no definitive policy for countertrade in India.
