Saturday, 27th May 2023
Practice Questions - Current Affairs 27-05-2023
Q 1. Consider the following pairs:
Initiative Objective
- SVAMITVA Yojana A property survey program
- PARIVESH Portal For Environmental Clearance
- ULPIN For information on any parcel of land
- NGDRS Document Registration System
How many pairs given above is/are correct?
- Only 1 pair
- Only 2 pairs
- Only 3 pairs
- All 4 pairs
Q 2. Which of the following statements is/are correct about Kudumbashree, was recently mentioned in the news?
- It is a poverty eradication and women empowerment program of central government.
- 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 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 3. Consider the following statements:
- Indian Pharmaceutical industry is currently ranked 3rd in production by volume.
- India is the 2nd largest producer of generic medicine globally.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 4. Which of the following statements is/are correct about Greater Flamingos?
- Greater flamingoes are the state bird of Gujarat.
- These species form monogamous pairs which mean each pair remains together for their entire lives.
- 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 and 2 only
- 2 and 3 only
- 1 and 3only
- 1, 2 and 3
Q 5. Consider the following statements:
- Baobab trees are native to India and known as the ‘World Tree in India’
- Baobab trees store large amounts of fresh water in their extraordinary trunks.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 6. With reference to the Aadhaar-enabled Payment Services (AePS), consider the following statements:
- 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.
- 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).
- 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 and 2 only
- 2 and 3 only
- 1 and 3only
- 1, 2 and 3
Q 7. The term ‘BHAVISHYA platform’, recently seen in news, are used in relation to
- Banking operations
- Communication networking
- Pension related matters
- Supply and demand of agricultural products
Q 8. If the interest rate is Increased in an economy, it will
- decrease the consumption expenditure in the economy
- increase the tax collection of the Government
- decrease the investment expenditure in the economy
- 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:
- It is registered under the Multi State Co-operative Societies Act.
- It procures pulses and vegetables on behalf of the government.
- 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 only
- 2 and 3 only
- 2 only
- 1, 2 and 3
Q 10. Which of the following is/ are part of India's Forex Reserve?
- Foreign Currency Assets including External Commercial Borrowing
- Gold reserves with RBI
- Special drawing rights (SDR)
Select the correct answer using the code given below.
- 1 and 2 only
- 2 and 3 only
- 3 only
- 1, 2 and 3
Q 11. With reference to Fair and remunerative price (FRP), consider the following statements:
- It is the price declared by the government, which mills are legally bound to pay to farmers for the cane procured from them.
- 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 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 12. With reference to the Kunming-Montreal Global Biodiversity Framework (GBF), consider the following statements:
- It was adopted at the 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD).
- It referred to the '50 by 50' target, that would strive for 50% reduction in fossil fuel-based energy by 2050.
- The framework has set 23 targets that the world needs to achieve by 2030.
Which of the statements given above are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Q 13. Consider the following statements:
- National Beekeeping & Honey Mission (NBHM) was announced as part of the Atma Nirbhar Bharat scheme.
- NBHM is implemented through the National Bee Board (NBB).
- NBHM aims to achieve the goal of a "Sweet Revolution."
Which of the statements given- above is/are correct ?
- 1 and 2 only
- 2 only
- 3 only
- 1, 2 and 3
Q 14. With reference to land reforms in independent India, which one of the following statements is correct?
- The ceiling laws were aimed at family holdings and not individual holdings.
- The major aim of land reforms was providing agricultural land to all the landless.
- It resulted in cultivation of cash crops as a predominant form of cultivation.
- 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?
- To consider guidelines for transfer of central bank's surplus funds to government
- to give recommendations on revising and strengthening the monetary policy framework.
- to examine and recommend drastic amendments to the law involving the auditor client relationships
- 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)?
- GFIN support financial innovation in the interest of consumers and it is currently chaired by the Financial Conduct Authority.
- 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 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 17. Ranthambore Tiger Reserve is located in which of the following state?
- Rajasthan
- Madhya Pradesh
- Karnataka
- Uttar Pradesh
Q 18. Which of the following statements is/are correct about London Interbank Offered Rate (LIBOR)?
- LIBOR is a benchmark interest rate at which major global banks lend to one another in international interbank market for short-term loans.
- It is administered by Bank of International Settlement.
Select the correct answer using the code given below:
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 19. Which of the following statement is/are correct about Central Equipment Identity Register (CEIR)?
- CEIR is the citizen centric portal of Department of Telecommunications for tracing the lost/stolen mobile devices.
- 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 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q 20. With reference to Competition Commission of India (CCI), which of the following statements is/are correct?
- It is a statutory body within the Ministry of Corporate Affairs.
- CCI consists of a Chairperson and 6 Members appointed by the Central Government.
- 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 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
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