Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 28 June 2022
Q1. Consider the following statements regarding MSME classification:
1. A micro-enterprise is where the investment does not exceed
1 crore rupees and turnover does not exceed 5 crore rupees.
2. A small enterprise is where the investment does not exceed 10 crore rupees
and turnover does not exceed 50 crore rupees.
3. A medium enterprise is where the investment does not exceed 50 crore rupees
and turnover does not exceed 100 crore rupees.
Choose 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: (A)
Explanation:
- A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
- A small enterprise, where the investment in Plant and Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
- A medium enterprise, where the investment in Plant and Machinery or Equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
Q2. Consider the following statements about Anti-Defection Law:
1. The Tenth Schedule contains provisions related to
disqualification of a member of legislature.
2. It does not apply if the number of MLAs who leave a political party
constitute one-thirds of the party’s strength in the legislature.
Which of the above given statements is/ are correct?
a) 1only
b) 2only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: (A)
Explanation:
- The Tenth Schedule - popularly known as the Anti-Defection Act - was included in the Constitution via the 52nd Amendment Act, 1985 and sets the provisions for disqualification of elected members on the grounds of defection to another political party.
- But the 91st Constitutional Amendment Act, 2003, changed this and now the anti-defection law does not apply if the number of MLAs who leave a political party constitute two-thirds of the party’s strength in the legislature. These MLAs can merge with another party or become a separate group in the legislature.
Q3. Consider the following statements
1) In IMD’s impact-based heat wave warning, 3 colours are
used for ease in understanding the threat.
2) Heat wave in plain areas is said to occur when the temperature is below 40℃.
Which of the above statement(s) is/ are correct?
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Answer: (A)
Explanation:
- 4 colours are used in IMD’s impact-based heat wave warning.
- The maximum temperature of a station reaches at least 40℃ or more for Plains. [not less, as given in the statement].
Q4. Consider the following statements
1) ESZs (Eco-Sensitive Zones) are set up under Wildlife
Protection Act, 1972.
2) Protected Areas like National Park and Wildlife Sanctuaries are set up under
Environmental Protection Act, 1986.
Which of the above statement(s) is/ are correct?
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Answer: (D)
Explanation: The statements have been interchanged.
- Protected Areas like National Park and Wildlife Sanctuaries are set up under Wildlife Protection Act, 1972.
- ESZs (Eco-Sensitive Zones) are set up under Environmental Protection Act, 1986.
Q5. Consider the following statements:
1. Article 293(3) of the Constitution requires states to
obtain the Centre’s consent to borrow in case the state is indebted to the
Centre over a previous loan.
2. Every single state is currently indebted to the Centre and thus, all of them
require the Centre’s consent to borrow.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer: (C)
Explanation:
- Article 293(3) of the Constitution requires states to obtain the Centre’s consent to borrow in case the state is indebted to the Centre over a previous loan.
- Every single state is currently indebted to the Centre and thus, all of them require the Centre’s consent to borrow.
- In practice, the Centre has been exercising this power by the recommendations of the Finance Commission.
- This consent can also be granted subject to certain conditions by Article 293(4).
