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Current Affairs Question - 01 April 2019

National Statutory, Regulatory & Quasi-judicial Bodies

Forex Swap

Consider the following statements:

  1. Forex swap may lead to inflation in the Indian Economy.
  2. Forex swap may prompt banks to increase interest rate in the market.
  3. Forex swap can help the shadow banks in dealing with liquidity crunch.

Choose the correct answer from the code given below:

A
2 only
B
1 and 3 only
C
1, 2 and 3
D
1 and 2 only

National Statutory, Regulatory & Quasi-judicial Bodies

Forex Swap

Which of the following are likely impact(s) of Forex Swap executed by RBI:

  1. it will lead to appreciation of currency.
  2. It will boost the forex reserve of RBI.
  3. It will lead to skewflation.

Choose the correct answer from the code given below:

A
2 only
B
2 and 3 only
C
1, 2 and 3
D
1 and 2 only

National Economy Concepts

FDI & FII

Consider the following statements:

  1. Huge inflow of FDI will lead to depreciation of currency in India.
  2. Outflow of FIIs (Foreign Institution Investors) will lead to appreciation of currency.

Choose the correct answer from the code given below:

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

National Statutory, Regulatory & Quasi-judicial Bodies

Monetary Policy Committee

Consider the following statements with respect to the Monetary Policy Committee (MPC)?

  1. It is a six member body that has to meet at least 4 times a year and is chaired by the RBI Governor.
  2. The rate is decided by voting and only in case of a tie, the chairman will have the second vote or casting vote.

Choose the correct answer from the code given below:

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

National Programmes & Schemes

Beti Bachao Beti Padhao

Consider the following statements vis-à-vis ‘Beti Bachao Beti Padhao (BBBP)’ Campaign:

  1. The Ministry of Health & Family Welfare is the nodal ministry of this scheme at central level.
  2. It is a centrally sponsored scheme.
  3. The scheme is being implemented as a tri-ministerial convergent effort of the Ministry of Women and Child Development, Ministry of Health & Family Welfare along with Ministry of Home Affairs.

Choose the correct answer from the code given below:

A
2 only
B
3 only
C
1, 2 and 3
D
None of the Above

National Physical Geography

Mountain Passes In India

Which among the following pass is not present in the state of Jammu & Kashmir?

  1. Khardung La Pass
  2. Zoji La Pass
  3. Banihal pass
  4. Lipulekh pass

Choose the correct answer from the code given below:

A
4 only
B
2 and 3 only
C
1, 2, 3 and 4
D
1 and 3 only

International Rankings, Reports, Survey And Index

Energy Transition Index

Consider the following statements:

  1. Energy Transition Index is released by the International Energy Association.
  2. The index takes into account four individual indicators for preparing the rankings of different countries.
  3. The title of 2019 Index is- Fostering Effective Energy Transition.
  4. According to the Index, India is ranked at 76th on a global energy transition index.

Which of the statements given above is/are correct?

A
1 only
B
1 and 3
C
3 and 4
D
1, 2, 3 and 4

National Statutory, Regulatory & Quasi-judicial Bodies

Insolvency And Bankruptcy Board Of India (IBBI)

Consider the following statements:

  1. The Insolvency and Bankruptcy Board of India (IBBI) was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016.
  2. IBBI has 8 members, including representatives from the Ministries of Finance and Law and the Reserve Bank of India.
  3. It functions under Ministry of Finance.
  4. IBBI has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.

Which of the statements given above is/are correct?

A
1 and 2
B
2 and 3
C
1 and 4
D
None of the above

International Intergovernmental Organizations, International Institutions, Agencies & Fora

SWIFT

Recently a term SWIFT was in news. Which of the following is true about SWIFT?

A
It is a Belgium-based secure financial messaging service, which is used by banking and securities organizations all over the world, to transmit instructions, or information, on financial transactions
B
It is the name of new generation Space Launch Vehicle developed by NASA for its future space programme
C
It is the new Surface to Air Missile developed by DRDO, having the striking range of more than 5000 km.
D
It is a new Air Quality measuring application developed by IMD

National Government Policies And Interventions

New Mineral Policy, 2019

Consider the following statements regarding New Mineral Policy, 2019 (NMP 2019):

  1. The Policy proposes to grant status of industry to mining activity to boost financing of mining for private sector and for acquisitions of mineral assets in other countries by private sector.
  2. There is no provision regarding the private sector for participation in the new policy.
  3. NMP 2019 aims to attract private investment through incentives while the efforts will be made to maintain a database of mineral resources and tenements under mining tenement systems.
  4. The 2019 Policy also introduces the concept of Inter-Generational Equity that deals with the well-being not only of the present generation but also of the generations to come.

Which of the following statements given above is/are incorrect?

A
Only 1
B
Only 2
C
1 and 3
D
None of the above

National Government Policies And Interventions

The Mizoram Maintenance Of Household Registers Bill, 2019

Consider the following statements regarding the Maintenance of Household Registers Bill, 2019:

  1. The bill was passed by the Mizoram Legislative Assembly in order to detect illegal migrants at the village and town level.
  2. The bill defines citizens as a person registered as such or having requisite qualification as prescribed under the Citizenship Act, 1955.
  3. The bill proposes to create 3 registers namely one for the citizen residents, second for non-citizen residents and the third for occasional visitors.
  4. President of village council, town committee will be the registering authority.

Which of the statements given above is/are correct?

A
1 and 2
B
2 and 4
C
3 and 4
D
1, 2 and 4

National Indian Art & Culture

Thakurani Jatra Festival

In which Indian State, Thakurani Jatra, a biennial festival is celebrated with much religious devotion?

A
Odisha
B
West Bengal
C
Assam
D
Maharashtra

National Education

Drugs And Clinical Trials Rules, 2019

Consider the following statements regarding the Drugs and Clinical Trials Rules, 2019:

  1. In the New Drugs and Clinical Trials Rules, 2019, the time for approving applications for drugs manufactured in India has been reduced to 60 and 120 days for those developed outside the country.
  2. The Nodal Ministry for implementing the rule is Ministry of Health & Family Welfare.
  3. As per the new rule, the requirement of a local clinical trial may be waived off for approval of a new drug if it is approved and marketed in any of the countries EU, UK, Australia, Japan and US.
  4. The new rule imposes restrictions to launch Orphan Drugs in India.

Select the correct answer using the codes given below:

A
1 and 2
B
2 and 4
C
2 and 3
D
1, 2, 3 and 4

National Rankings, Reports, Survey And Index

National Annual Rural Sanitation Survey 2018-19

Consider the following statements with respect to National Annual Rural Sanitation Survey (NARSS 2018-19):

  1. This was the third National Annual Rural Sanitation Survey (NARSS 2018-19) to establish the progress over the baseline established by second NARSS 2017-18.
  2. The NARSS 2018-19 is a third-party survey that has been conducted by the Independent Verification Agency (IVA) under the United Nations Development Programme.
  3. The Survey used the Probability Proportion to Size (PPS) sampling methodology, which yields results within a confidence interval of 95 percent.
  4. According to the Survey, about 93.1 per cent of rural Indian households have access to toilets and 96.5 per cent of these toilets are in constant usage.

Which of the statements given above is/are correct?

A
1 and 2
B
2 and 4
C
2 and 3
D
1, 2, 3 and 4

National Statutory, Regulatory & Quasi-judicial Bodies

Institution Of Lokpal

Consider the following statements with respect to Institution of Lokpal in India:

  1. The institution of Lokpal is a non -statutory body.
  2. The Constitution Review Commission headed by M.N. Venkatchaliah recommended appointment of the Lokpal for the first time.
  3. Lokpal is a multimember body, made up of one chairperson and maximum of 10 members.
  4. Former Supreme Court judge Pinaki Chandra Ghose has beenappointed as India’s first anti-corruption ombudsman i.e.Lokpal.

Select the correct answer using the codes given below:

A
1 and 2
B
2 and 3
C
2 and 4
D
1, 2, 3 and 4

International Physical Geography

Cities In North-South Order

Arrange the following cities of the world in north-south order:

  1. Dhaka
  2. Hanoi
  3. Singapore
  4. Jakarta

Select the correct answer from the options below:

A
1-2-3-4
B
2-1-3-4
C
3-2-1-4
D
2-4-1-3

International International Relations

Moscow Format

Recently a meeting ‘Moscow Format’ was held in Russia. Select the purpose of the meeting from the following statements:

A
A global scientific conference for sharing and exchanging the latest exciting advances in neutron scattering science
B
Meeting of Arctic countries for deliberating on long term sustainable harnessing of Arctic resources
C
Senior level Global Conference of the Internet and Jurisdiction Policy Network including participants from more than forty countries.
D
A meeting of world leaders including Taliban for discussing Afghan crisis and polity.

International Physical Geography

Golan Heights

Golan Heights is surrounded by which of the following countries:

  1. Syria
  2. Jordan
  3. Israel
  4. Lebanon

Select the correct answer from below:

A
1 and 3
B
1, 2 and 3
C
2 and 3
D
1, 2, 3 and 4

International Intergovernmental Organizations, International Institutions, Agencies & Fora

Source: CSC May 2019

With reference to Financial Action Task Force (FATF) consider the following statements:

  1. It is a policy-making body that frames guidelines to combat money laundering and terrorist financing.
  2. India enjoys an ‘observer’ status at the FATF since 2006.
  3. The FATF lacks the power to directly enact its recommendations.

Which of the statements given above is/are correct?

A
1 and 2
B
2 and 3
C
1 and 3
D
1, 2 and 3

International Rankings, Reports, Survey And Index

World Happiness Report

With reference to World Happiness Report, consider the following statements:

  1. The World Happiness Report is released by the Sustainable Development Solutions Network for the United Nations.
  2. World Happiness Day is observed on 20th March every year.

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

National Employment & Skill Development

Festival Of Innovation And Entrepreneurship (FINE)

Consider the following statements with respect to Festival of Innovation and Entrepreneurship (FINE):

  1. It is organised by NITI Aayog.
  2. It will provide a platform for innovators for building linkages with potential stakeholders.
  3. It includes an “In-Residence” Program as part of which a batch of ten innovation scholars will stay within the President’s Estate.

Select the correct answer using the codes given below:

A
1, 2 and 3
B
Only 1
C
2 and 3
D
1 and 3

National Defence & Security

Pinaka

Consider the following statements with respect to Pinaka:

  1. Pinaka is a multiple rocket launcher produced in Israel.
  2. It can lay anti-personnel and anti-tank mines at a short notice.
  3. It will be delivered to India next year.

Select the correct answer using the codes given below:

A
1, 2 and 3
B
Only 2
C
2 and 3
D
1 and 3

International Science & Technology

Dark Matter

Which of the following statements are correct with respect to Dark Matter?

  1. Dark Matter emits no light and cannot be seen directly
  2. Dark Matters are stars or planets.
  3. Astronomers do not detect gamma rays produced by them.
  4. Dark matter is black hole.

Select the correct answer using the codes given below:

A
2, 3 and 4
B
1, 3 and 4
C
1 and 3
D
1, 2, 3 and 4

International Science & Technology

Solar Tsunami

Consider the following statements with respect to Solar Tsunami:

  1. The Sun’s magnetic field, from which sunspots gets generated, wraps around the sun in the east-west direction.
  2. At the end of a solar cycle, magnetic dam can break, releasing huge amounts of plasma cascading like a tsunami towards the equator.
  3. The tsunami waves travel at high speeds of about 1,000 km per hour carrying excess plasma to the upper-latitudes.

Select the correct answer using the codes given below:

A
1 and 3
B
Only 1
C
1, 2 and 3
D
2 and 3

International Science & Technology

Global Clusters

Which of the following can best describe global clusters?

A
It is a collection of different galaxies.
B
It is a collection of stars with a variety of masses but with similar chemical composition.
C
It is a collection of asteroids and meteors between Mars and Jupiter.
D
It is a collection of habitable planets in goldilocks zone.

National Biodiversity & Conservation

Rhinos In India

Which of the following statements are correct with respect to Rhinos in India?

  1. In India, only one-horned Rhino is found.
  2. Rhinos can be found in the Kaziranga National Park and Manas National Park, Pobitora Reserve Forest and Orang National Park.
  3. It is listed as Vulnerable on the IUCN Red List.

Select the correct answer using the codes given below:

A
1, 2 and 3
B
2 and 3
C
1 only
D
1 and 3

International Rankings, Reports, Survey And Index

The Global Environment Outlook

Which of the following statements is/are correct with respect to ‘The Global Environment Outlook’?

  1. It is released by Intergovernmental Panel on Climate Change (IPC(c).
  2. Five GEO reports have been published to date.
  3. The GEO project was initiated in response to the environmental reporting requirements of UN Agenda 21.

Select the correct answer using the codes given below:

A
1 and 2
B
1 and 3
C
3 only
D
1, 2 and 3

International Biodiversity & Conservation

Parrot Fish

Which of the following statements are correct with respect to Parrot Fish?

  1. They play a significant role in bio-erosion.
  2. They are economically important because commercial fishery exists for some of the largerspecies.
  3. Most parrotfish species are herbivores.
  4. It is categorized as ‘endangered’ in the Red List of the International Union for Conservation of Nature (IUCN).

Select the correct answer using the code given below:

A
1, 2 and 4
B
1, 2 and 3
C
2 and 3
D
1 and 2

National Environmental Pollution, Degradation & Climate Change

UNNATEE

Consider the following statements with respect to UNNATEE.

  1. It is a scheme being implemented by the Ministry of Finance.
  2. The primary objective would be to reduce poverty in the country.

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

National Government Policies And Interventions

India Cooling Action Plan

Consider the following statements with respect to India Cooling Action Plan:

  1. Reduce cooling demand across sectors by 20% to 25% by 2037-38.
  2. Reduce cooling energy requirements by 25% to 40% by 2020.
  3. It will help skilled workforce for better livelihoods and environmental protection.

Select the correct answer using the codes given below:

A
1, 2 and 3
B
Only 1
C
2 and 3
D
1 and 3
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