Current Affairs MCQs for UPSC & State PSC Exams (01 February 2023)

Current Affairs MCQs Quiz for UPSC, IAS, UPPSC/UPPCS, MPPSC. BPSC, RPSC & All State PSC Exams

Date: 01 February 2023

Q1. Indian Constitution provides for a welfare state. Where is it mentioned?

a) Fundamental Duties
b) Indian Judiciary
c) Directive Principles of State Policy
d) Fundamental Rights

Answer: (C)

Explanation:

  • Directive Principles of State Policy (Articles 36 to 51 of Indian Constitution) aim to create social and economic conditions under which the citizens can lead a good life.
  • DPSPs also aim to establish social and economic democracy through a welfare state.

Q2. Consider the following statements:

1. The Indian renewable energy sector is the fourth most attractive renewable energy market in the world.
2. The government aims to achieve 225 GW of renewable energy capacity by 2022 more than its 175 GW target as per the Paris Agreement.
3. India ranks fourth in total solar power installed capacity.

Which of the statement/s given above is/are correct?

a) 1 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3

Answer: (A)

Explanation:

  • The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. Hence statement 1 is correct.
  • The government is aiming to achieve 227 GW of renewable energy capacity by 2022, more than its 175 GW target as per the Paris Agreement. Hence statement 2 is incorrect.
  • India ranks fourth in wind power, fifth in solar power, and fourth in renewable power installed capacity, as of 2020. Hence statement 3 is not correct.

Q3. Consider the following statements about the Farmer Producer Companies(FPC):

1. An FPC is a hybrid legal entity.
2. The FPC is registered under the Indian Companies Act, 2013.
3. Each producer or member has equal voting rights irrespective of the number of shares held.

Which of the statement/s given above is/are correct?

a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3

Answer: (D)

Explanation:

  • Farmer Producer Company (FPC) can be formed by any 10 or more primary producers or by two or more producer institutions, or by a contribution of both.
  • An FPC is a hybrid between cooperative societies and private limited companies.
  • The Farmer Producer Companies, registered under the Indian Companies Act, 2013, have democratic governance, each producer or member has equal voting rights irrespective of the number of shares held.

Hence, all statements are correct.

Q4. India is a signatory to which of the following IPR-related conventions:

1. Berne Convention
2. Budapest Treaty
3. Paris Convention
4. Patent Cooperation Treaty

Choose the correct answer using the code given below:

a) 1 and 2 only
b) 2, 3, and 4 only
c) 1, 2, and 4 only
d) 1, 2, 3 and 4

Answer: (D)

Explanation: India is a signatory to several IPR-related conventions, including the Berne Convention, which governs copyright, the Budapest Treaty, the Paris Convention for the Protection of Industrial Property, and the Patent Cooperation Treaty (PCT), all of which govern various patent-related matters. So, option (d) is correct.

Q5. Consider the following statements about Sovereign green bonds:

1. The bonds which carry guarantees related to the repayment of principal and payment of interest by the sovereign or the government are called Sovereign green bonds.
2. These instruments have lower capital costs than regular bonds.

Which of the above statements is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Answer: (C)

Explanation:

  • The bonds which carry guarantees related to the repayment of principal and payment of interest by the sovereign or the government is called Sovereign green bonds. Hence statement 1 is correct.
  • A bond is an instrument to raise debt.
  • These are financial instruments that generate proceeds for the investments in environmentally-suitable and climate-friendly projects.
  • These instruments have lower capital costs than regular bonds. Hence Statement 2 is correct.