Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams
Date: 31 December 2021
Q1. Which is the most appropriate meaning of the term 'Economic Democracy'?
(a) Equitable distribution of wealth.
(b) Democratic participation of people in economic decisions.
(c) Equal Participation of workers in management of Industries.
(d) Reduction in income inequalities.
Answer: (B)
Q2. Consider the following statements regarding Wind Power:
1. Climate Change may impact the power generation performance of wind farms.
2. In India, the peak season for wind power generation is February to June.
3. Among Indian states, Gujarat has the highest wind potential at 120 metres
above ground level.
Which of the statement/s given above is/are correct:
(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 3 only
Answer: (B)
Q3. Consider the following statement about Fiscal Deficit:
1. A Fiscal deficit shows a shortage of funds with the government to maintain
its day-to-day affairs.
2. Fiscal deficit has a direct impact on a country's growth, price stability and
inflation..
3. NK Committee 2016 recommended that the government should target a fiscal
deficit 2.5 per cent by 2023.
Which of the statement/s given above is/are correct?
(a) 2 and 3only
(b) 1and 2only
(c) 1,2 and 3
(d) None of these
Answer: (A)
Q4. Consider the following statement about food subsidy:
1. Food subsidy is provided by the State government in the budget of the
Department of Food and Public Distribution.
2. In last decade there was an increase in food subsidy continuously.
3. One country one ration card can be an effective way to reduce food subsidy.
Which of the statement/s given above is/are not correct?
(a) 1and 3only
(b) 2and 3only
(c) 1,2 and 3
(d) None of these
Answer: (B)
Q5. With reference to Compensatory Afforestation in India, consider the following elements:
1. States cannot utilize Compensatory Afforestation Fund towards forestry
activities to achieve the objectives of the Nationally-Determined Contributions
(NDCs) of increasing its forest & tree cover.
2. CAMPA funds cannot be used for payment of salary, travelling allowances,
medical expenses.
Which of the above elements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (B)
Q6. With reference to the International Solar Alliance (ISA), consider the following elements:
1. The UN General Assembly has recently conferred Observer Status to ISA.
2. The ISA was conceived as a joint effort by India and Germany to mobilise
efforts against climate change through the deployment of solar energy solutions.
Which of the above elements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (A)
Q7. Consider the following statement about FAME 2 Scheme:
1. FAME India Scheme is aimed at incentivising vehicle segments i.e.,
4-Wheeler Vehicle, Light Commercial Vehicles and Buses only.
2. Its objective to support IC engine, hybrid/electric vehicles market
development and Manufacturing eco-system.
3. This scheme is launched by Niti Aayog for faster adoption of electric
mobility and development of its manufacturing eco-system in the country.
Which of the statement/s given above is/are correct?
(a) 1 and 3only
(b) 1 and 2only
(c) 1, 2 and 3
(d) None of these
Answer: (D)
