Current Affairs Questions
Marginal Cost Of Funds Based Lending Rates (MCLR)
Consider the following statements with reference to the Marginal Cost of Funds based Lending Rates (MCLR):
- MCLR, which came into effect from April 1, 2016, is the minimum rate below which banks are not permitted to lend.
- MCLR is calculated on the basis of Cash Reserve Ratio, marginal cost of funds, tenor premiums and operational cost of the bank.
- If the cost of funds goes up, the MCLR increases, and the loans linked to any MCLR tenor get more expensive.
Which of the statements given above is/are correct?
A
1 and 2
B
Only 3
C
2 and 3
D
1, 2 and 3
Absolute And Relative Poverty
Consider the following statements with reference to the absolute and relative poverty:
- Absolute Poverty is measured relative to a fixed standard of living; that is, an income threshold that is constant across time.
- The International Poverty Line is the best known poverty line for measuring Absolute Poverty globally.
- Relative Poverty is measured relative to living standards in a particular society, and varies both across time and between societies.
Which of the statements given above is/are correct?
A
Only 1
B
Only 3
C
2 and 3
D
1, 2 and 3
Historic Temples
Which of the following historic temples from Karnataka has the age-old tradition of kicking off the rathotsava or the chariot festival after reciting passages from the Quran?
A
Vitthala Temple, Hampi
B
Chennakeshava Temple, Belur
C
Kotilingeshwara Temple, Kolar
D
Kedareshwara Temple, Balligavi
Himachal Pradesh Government
Which of the following communities from Himachal Pradesh, the Central government is considering for inclusion in the list of Scheduled Tribes in the state?
A
Tanolis
B
Pangawals
C
Lahaulis
D
Hattis
International Poverty Line
Which of the statement(s) given below is/are correct regarding the International Poverty Line?
- It is calculated by taking the poverty threshold from each country—given the value of the goods needed to sustain one adult—and converting it into dollars.
- The current International Poverty Line is $1.90 per day.
Choose the correct answer from the options below:
A
Only 1
B
Only 2
C
Both1and 2
D
None of the above
Inter-Ministerial Coordination Group (IMCG)
Consider the following statements:
- On 12th April, 2022, the first meeting of the Inter-Ministerial Coordination Group (IMCG) at Secretary level was convened by India’s Foreign Secretary.
- IMCG has been setup as a high-level mechanism towards mainstreaming of India’s ‘Neighbourhood First’ policy.
- Under its 'Neighbourhood First' policy, Government is committed to developing friendly and mutually beneficial relations with all its neighbours.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
European Union (EU)
Consider the following statements:
- Recently, the European Parliament and European Union (EU) Member States have announced that they have reached a political agreement on the Digital Services Act (DSA).
- The Act has no provision on ‘Dark Patterns’.
- The Act, which is yet to become law, is a set of common rules on intermediaries’ obligations and accountability across the single market and ensures higher protection to all EU users irrespective of their country.
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
Observer Research Foundation (ORF)
Consider the following statements:
- The 1st Edition of the Raisina Dialogue was held in 2018.
- It is India’s premier foreign policy conference on geopolitics and geoeconomics committed to addressing the most challenging issues facing the global community.
- It is Co-hosted by the Ministry of External Affairs (MEA) and the Observer Research Foundation (ORF).
Which of the above statement(s) is/are true?
A
1 and 2
B
2 and 3
C
1 and 3
D
All of the above
Nidhi Companies
Consider the following statements with reference to the Nidhi Companies:
- Nidhi companies cannot accept Deposit from the public, nor lend to the public, so they are not purely NBFCs, and out of the scope of RBI.
- It cannot carry any business related to chit fund, hire purchase finance, leasing finance, insurance, or acquisition of securities issued by anybody corporate.
Which of the statements given above is/are correct?
A
Only 1
B
Both 1 and 2
C
Only 2
D
None of the Above
National Panchayati Raj Day
With reference to the National Panchayati Raj Day, consider the following statements:
- It is celebrated every year on the 25th of April.
- The day marks the enactment of the 73rd amendment of the Constitution in 1993, which came into force with effect from 24th April 1993.
- The first National Panchayati Raj Day was celebrated in 2011.
Which of the statement(s) given above is/are incorrect?
A
Only 1
B
2 and 3
C
1 and 3
D
Only 3
Marginal Cost Of Funds Based Lending Rates (MCLR)
Consider the following statements with reference to the Marginal Cost of Funds based Lending Rates (MCLR):
- MCLR, which came into effect from April 1, 2016, is the minimum rate below which banks are not permitted to lend.
- MCLR is calculated on the basis of Cash Reserve Ratio, marginal cost of funds, tenor premiums and operational cost of the bank.
- If the cost of funds goes up, the MCLR increases, and the loans linked to any MCLR tenor get more expensive.
Which of the statements given above is/are correct?
| A |
1 and 2
|
|
| B |
Only 3
|
|
| C |
2 and 3
|
|
| D |
1, 2 and 3
|
|
Absolute And Relative Poverty
Consider the following statements with reference to the absolute and relative poverty:
- Absolute Poverty is measured relative to a fixed standard of living; that is, an income threshold that is constant across time.
- The International Poverty Line is the best known poverty line for measuring Absolute Poverty globally.
- Relative Poverty is measured relative to living standards in a particular society, and varies both across time and between societies.
Which of the statements given above is/are correct?
| A |
Only 1
|
|
| B |
Only 3
|
|
| C |
2 and 3
|
|
| D |
1, 2 and 3
|
|
Historic Temples
Which of the following historic temples from Karnataka has the age-old tradition of kicking off the rathotsava or the chariot festival after reciting passages from the Quran?
| A |
Vitthala Temple, Hampi
|
|
| B |
Chennakeshava Temple, Belur
|
|
| C |
Kotilingeshwara Temple, Kolar
|
|
| D |
Kedareshwara Temple, Balligavi
|
|
Himachal Pradesh Government
Which of the following communities from Himachal Pradesh, the Central government is considering for inclusion in the list of Scheduled Tribes in the state?
| A |
Tanolis
|
|
| B |
Pangawals
|
|
| C |
Lahaulis
|
|
| D |
Hattis
|
|
International Poverty Line
Which of the statement(s) given below is/are correct regarding the International Poverty Line?
- It is calculated by taking the poverty threshold from each country—given the value of the goods needed to sustain one adult—and converting it into dollars.
- The current International Poverty Line is $1.90 per day.
Choose the correct answer from the options below:
| A |
Only 1
|
|
| B |
Only 2
|
|
| C |
Both1and 2
|
|
| D |
None of the above
|
|
Inter-Ministerial Coordination Group (IMCG)
Consider the following statements:
- On 12th April, 2022, the first meeting of the Inter-Ministerial Coordination Group (IMCG) at Secretary level was convened by India’s Foreign Secretary.
- IMCG has been setup as a high-level mechanism towards mainstreaming of India’s ‘Neighbourhood First’ policy.
- Under its 'Neighbourhood First' policy, Government is committed to developing friendly and mutually beneficial relations with all its neighbours.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
European Union (EU)
Consider the following statements:
- Recently, the European Parliament and European Union (EU) Member States have announced that they have reached a political agreement on the Digital Services Act (DSA).
- The Act has no provision on ‘Dark Patterns’.
- The Act, which is yet to become law, is a set of common rules on intermediaries’ obligations and accountability across the single market and ensures higher protection to all EU users irrespective of their country.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
Observer Research Foundation (ORF)
Consider the following statements:
- The 1st Edition of the Raisina Dialogue was held in 2018.
- It is India’s premier foreign policy conference on geopolitics and geoeconomics committed to addressing the most challenging issues facing the global community.
- It is Co-hosted by the Ministry of External Affairs (MEA) and the Observer Research Foundation (ORF).
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
Nidhi Companies
Consider the following statements with reference to the Nidhi Companies:
- Nidhi companies cannot accept Deposit from the public, nor lend to the public, so they are not purely NBFCs, and out of the scope of RBI.
- It cannot carry any business related to chit fund, hire purchase finance, leasing finance, insurance, or acquisition of securities issued by anybody corporate.
Which of the statements given above is/are correct?
| A |
Only 1
|
|
| B |
Both 1 and 2
|
|
| C |
Only 2
|
|
| D |
None of the Above
|
|
National Panchayati Raj Day
With reference to the National Panchayati Raj Day, consider the following statements:
- It is celebrated every year on the 25th of April.
- The day marks the enactment of the 73rd amendment of the Constitution in 1993, which came into force with effect from 24th April 1993.
- The first National Panchayati Raj Day was celebrated in 2011.
Which of the statement(s) given above is/are incorrect?
| A |
Only 1
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
Only 3
|
|
