Saturday, 27th May 2023

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1   Weekly Current Affairs Practice

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Practice Questions - Current Affairs 27-05-2023

Weekly Current Affairs Practice

Practice Questions - Current Affairs 27-05-2023


Q 1. Consider the following pairs:

                 Initiative                                           Objective

  1. SVAMITVA Yojana                  A property survey program
  2. PARIVESH Portal                   For Environmental Clearance
  3. ULPIN                                  For information on any parcel of land
  4. NGDRS                                Document Registration System

How many pairs given above is/are correct?

  1. Only 1 pair
  2. Only 2 pairs
  3. Only 3 pairs
  4. All 4 pairs

Q 2. Which of the following statements is/are correct about Kudumbashree, was recently mentioned in the news?

  1. It is a poverty eradication and women empowerment program of central government.
  2. It aims to empower women by providing them with opportunities for self-employment and entrepreneurship.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 3. Consider the following statements:

  1. Indian Pharmaceutical industry is currently ranked 3rd in production by volume.
  2. India is the 2nd largest producer of generic medicine globally.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 4. Which of the following statements is/are correct about Greater Flamingos?

  1. Greater flamingoes are the state bird of Gujarat.
  2. These species form monogamous pairs which mean each pair remains together for their entire lives.
  3. Greater flamingoes are listed as endangered species under the International Union FOR Conservation of Nature red list.

Select the correct answer using the code given below:

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3only
  4. 1, 2 and 3

Q 5. Consider the following statements:

  1. Baobab trees are native to India and known as the ‘World Tree in India’
  2. Baobab trees store large amounts of fresh water in their extraordinary trunks.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 6. With reference to the Aadhaar-enabled Payment Services (AePS), consider the following statements:

  1. AePS is a bank-led model which allows online financial transactions at Point-of-Sale (PoS) and Micro ATMs through the business correspondent of any bank using Aadhaar authentication.
  2. It was taken up by the National Payments Corporation of India (NPCI), a joint initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).
  3. AePS model removes the need for One Time Password, bank account details for making transactions.

Which of the statements given above is/are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3only
  4. 1, 2 and 3

Q 7. The term ‘BHAVISHYA platform’, recently seen in news, are used in relation to

  1. Banking operations
  2. Communication networking
  3. Pension related matters
  4. Supply and demand of agricultural products

Q 8. If the interest rate is Increased in an economy, it will

  1. decrease the consumption expenditure in the economy
  2. increase the tax collection of the Government
  3. decrease the investment expenditure in the economy
  4. increase the total savings in the economy

Q 9. With reference to The National Agricultural Cooperative Marketing Federation of India (NAFED), consider the following sentences:

  1. It is registered under the Multi State Co-operative Societies Act.
  2. It procures pulses and vegetables on behalf of the government.
  3. It is an apex Organisation under the Ministry of Agriculture that deals with marketing cooperatives for agricultural produce in India.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 and 3 only
  3. 2 only
  4. 1, 2 and 3

Q 10. Which of the following is/ are part of India's Forex Reserve?

  1. Foreign Currency Assets including External Commercial Borrowing
  2. Gold reserves with RBI
  3. Special drawing rights (SDR)

Select the correct answer using the code given below.

  1. 1 and 2 only
  2. 2 and 3 only
  3. 3 only
  4. 1, 2 and 3

Q 11. With reference to Fair and remunerative price (FRP), consider the following statements:

  1. It is the price declared by the government, which mills are legally bound to pay to farmers for the cane procured from them.
  2. The payment of Fair and remunerative price (FRP) across the country is governed by the Sugarcane Control order, 1966.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 12. With reference to the Kunming-Montreal Global Biodiversity Framework (GBF), consider the following statements:

  1. It was adopted at the 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD).
  2. It referred to the '50 by 50' target, that would strive for 50% reduction in fossil fuel-based energy by 2050.
  3. The framework has set 23 targets that the world needs to achieve by 2030.

Which of the statements given above are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Q 13. Consider the following statements:

  1. National Beekeeping & Honey Mission (NBHM) was announced as part of the Atma Nirbhar Bharat scheme.
  2. NBHM is implemented through the National Bee Board (NBB).
  3. NBHM aims to achieve the goal of a "Sweet Revolution."

Which of the statements given- above is/are correct ?

  1. 1 and 2 only
  2. 2 only
  3. 3 only
  4. 1, 2 and 3

Q 14. With reference to land reforms in independent India, which one of the following statements is correct?

  1. The ceiling laws were aimed at family holdings and not individual holdings.
  2. The major aim of land reforms was providing agricultural land to all the landless.
  3. It resulted in cultivation of cash crops as a predominant form of cultivation.
  4. Land reforms permitted no exemptions to the ceiling limits.

Q 15. Among other things, which one of the following was the purpose for which the Deepak Parekh Committee was constituted?

  1. To consider guidelines for transfer of central bank's surplus funds to government
  2. to give recommendations on revising and strengthening the monetary policy framework.
  3. to examine and recommend drastic amendments to the law involving the auditor client relationships
  4. To suggest measures to reduce the fiscal deficit in the Union Budget

Q 16. Which of the following statements is/are correct about Global Financial Innovation Network (GFIN)?

  1. GFIN support financial innovation in the interest of consumers and it is currently chaired by the Financial Conduct Authority.
  2. It focuses on emergent technology at a cross-sectoral level to identify gaps in the regulatory ecosystem.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 17. Ranthambore Tiger Reserve is located in which of the following state?

  1. Rajasthan
  2. Madhya Pradesh
  3. Karnataka
  4. Uttar Pradesh

Q 18. Which of the following statements is/are correct about London Interbank Offered Rate (LIBOR)?

  1. LIBOR is a benchmark interest rate at which major global banks lend to one another in international interbank market for short-term loans. 
  2. It is administered by Bank of International Settlement.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 19. Which of the following statement is/are correct about Central Equipment Identity Register (CEIR)?

  1. CEIR is the citizen centric portal of Department of Telecommunications for tracing the lost/stolen mobile devices. 
  2. CEIR serves as a central depository or database of International Mobile Equipment Identity (IMEI) numbers, models, versions, and details of mobile devices.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q 20. With reference to Competition Commission of India (CCI), which of the following statements is/are correct?

  1. It is a statutory body within the Ministry of Corporate Affairs.
  2. CCI consists of a Chairperson and 6 Members appointed by the Central Government.
  3. The Competition (amendment) Act 2023 had empowered CCI to impose penalties on global turnover basis derived from all products and services.

Select the correct answer using the code given below.

  1. 1 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Keywords: WCA
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Edukemy’s Current Affairs Quiz is published with multiple choice questions for UPSC exams

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27th May '23 Quiz
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UPSC Daily Current Affairs focuses on learning current events on a daily basis. An aspirant needs to study regular and updated information about current events, news, and relevant topics that are important for UPSC aspirants. It covers national and international affairs, government policies, socio-economic issues, science and technology advancements, and more.

UPSC Daily Current Affairs provides aspirants with a concise and comprehensive overview of the latest happenings and developments across various fields. It helps aspirants stay updated with current affairs and provides them with valuable insights and analysis, which are essential for answering questions in the UPSC examinations. It enhances their knowledge, analytical skills, and ability to connect current affairs with the UPSC syllabus.

UPSC Daily Current Affairs covers a wide range of topics, including politics, economics, science and technology, environment, social issues, governance, international relations, and more. It offers news summaries, in-depth analyses, editorials, opinion pieces, and relevant study materials. It also provides practice questions and quizzes to help aspirants test their understanding of current affairs.

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