Current Affairs Questions

Current Affairs :

The Fiscal Responsibility And Budget Management (FRBM) Act

Consider the following statements:

  1. The Fiscal Responsibility and Budget Management (FRBM) Act is a law enacted by the Government of India in 2003 to ensure fiscal discipline – by setting targets including reduction of fiscal deficits and elimination of revenue deficit.
  2. Under the Act, Escape clauses provide flexibility to governments to overshoot fiscal deficit targets in times of need, enabling them to respond to economic shocks.
Which of the statements given above is/are correct?
A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Prime Minister’s National Relief Fund

Consider the following statements with reference to the Prime Minister’s National Relief Fund (PMNRF):

  1. Prime Minister's National Relief Fund (PMNRF) was established entirely with public contributions and does not get any budgetary support.
  2. All contributions towards PMNRF are exempt from Income Tax under section 80(G).
Choose the correct answer from the codes given below:
A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Anti-COVID-19 Programmes

Consider the following statements:

  1. Operation Namaste has been launched by the Indian army to contain the spread of Corona Virus in the country.
  2. Mo Jiban (My Life) is a new programme launched by West Bengal Government, to take a resolute vow to stay home and not to go outside during the lockdown period to remain safe from the novel coronavirus (COVID-19).

Choose the correct answer form the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Kuril Island

Consider the following statements with reference to the Kuril Island:

  1. It is a volcanic archipelago which separates the Sea of Okhotsk from the north Pacific Ocean. It forms part of the ‘Pacific Ring of Fire.
  2. The Islands are currently under Russian administration. However, they are also claimed by China.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Reunion Island

Recently, India and France have conducted joint patrols from the Reunion Island for the first time. Where is the Reunion Island situated?

A
Pacific Ocean
B
Atlantic Ocean
C
Indian Ocean
D
None of the above

Kurzarbeit Scheme

Kurzarbeit scheme, which provides for partial compensation for a worker’s earnings in adverse situation, belongs to which of the following country?
A
Germany
B
Italy
C
Spain
D
France

Hantavirus

Consider the following statements with reference to the Hantavirus:

  1. The hantaviruses are a family of viruses that spread in rodents and to humans from rodents.
  2. Hantaviruses belong to the order called Bunyavirales and have 12 families.

Choose the correct answer from the codes given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Traditional New Year Festivals

Consider the following statements:

  1. Gudhi Padwa is a spring-time festival that marks the traditional New Year for Marathi and Konkani Hindus.
  2. Cheti Chand is a festival that marks the beginning of the Hindu New Year for Sindhi Hindus.
  3. Navreh is a Hindu Festival, which is celebrated by the Kashmiri Pandits as the New Year's Day.
Choose the correct answer from the codes given below:
A
1 and 2
B
2 and 3
C
Only 1
D
1, 2 and 3

Finance Bill

Consider the following statements with reference to the Finance Bill:

  1. The Finance Bill is a part of the Union Budget, stipulating all the legal amendments required for the changes in taxation proposed by the Finance Minister.
  2. This Bill encompasses all amendments required in various laws pertaining to tax, in accordance with the tax proposals made in the Union Budget.
  3. The Finance Bill, as a Money Bill, needs to be passed both by the Lok Sabha and the Rajya Sabha.
Which of the statement(s) given above is/are correct?
A
Only 1
B
1 and 2
C
1 and 3
D
1, 2 and 3

Mission Raksha Gyan Shakti

Consider the following statement(s) with reference to the Mission Raksha Gyan Shakti:

  1. It was launched in 2018 by the Ministry of Defence with the objective of creating greater Intellectual Property (IP) in Defence Production Ecosystem.
  2. Under the mission, an Intellectual Property Facilitation Cell (IPFC) has been established under aegis of Directorate General Quality Assurance (DGQA).
Which of the statement(s) given above is/are correct?
A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2
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