Current Affairs MCQs for UPSC & State PSC Exams (02 February 2022)

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

Date: 02 February 2022

Q1. Consider the following statements regarding Fisheries sector:

1. Budget allocation up by more than 50 per cent vis-à-vis 2021-22, in the Department of Fisheries.
2. The fishery sector has grown with an impressive double-digit average annual growth of 10.87 per cent since 2014-15.

Select the correct answer using the code given below.

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

Answer: (D)

Explanation:

  • Budget allocation up by more than 50 per cent vis-à-vis 2021-22, in the Department of Fisheries.
  • The fishery sector has grown with an impressive double-digit average annual growth of 10.87 per cent since 2014-15.

Q2. Consider the following statements with respect to Periodic Labour Force Survey:

1. It is released by Ministry of Finance.
2. It estimates employment and unemployment indicators in both ‘Usual Status’ and Current Weekly Status annually.
3. It also estimates the employment and unemployment indicators in the short time interval for the urban areas.

Which among the given statement/s is/are correct:

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

Answer: (C)

Explanation: National Statistical Office (NSO) launched PLFS in April 2017.

  • The objective of PLFS is primarily two-fold:
  • to estimate the key employment and unemployment indicators in the short time interval of three months for the urban areas only in the ‘Current Weekly Status’ (CWS).
  • to estimate employment and unemployment indicators in both ‘Usual Status’ and CWS in both rural and urban areas annually.

Q3. Recently launched webportal DESH-Stack e-portal is related to which of the following:

A. Collecting all cultural activity data on single portal
B. Skilling citizen via online training
C. For Secondary Higher Education purposes
D. Convergence of Infrastructural activities on single portal

Answer: (B)

Explanation: Digital Ecosystem for Skilling and Livelihood – the DESH-Stack e-portal: the government is launching an e-portal to skill, reskill and upskill citizens through online training. There will be API-based trusted skill credentials, payment and added discovery layers to find relevant jobs and entrepreneurial opportunities.

Q4. Consider the following statement with respect to report of the FRBM committee under NK Singh:

1. It recommended a fiscal deficit target of 4.5% to be achieved by FY’26.
2. It had also suggested a ceiling for general government debt of 60% of GDP by FY23.
3. The report kept debt, along with fiscal deficit, at the centre of fiscal management principles

Which of the statement/s given above is/are Correct:

a. 1 only
b. 2 and 3 only
c. 3 only
d. None of the above

Answer: (B)

Explanation: FRBM panel suggestion that the Centre should aim for a fiscal deficit of 3% of the GDP for three straight years starting from FY18 and gradually reduce it to 2.5% by FY23

  • The panel had also suggested a ceiling for general government debt (both centre and states) of 60% of GDP by FY23. And within this overall limit, a ceiling of 40% should be adopted for the Centre, and 20% for the states.
  • The FRBM report kept debt, along with fiscal deficit, at the centre of fiscal management principles, slightly moving away from the current practice of targeting only fiscal deficit.

Q5. Consider the following statements about Green Bond:

1. SBI regulate the green Bond financing and issuance market in INDIA.
2. India's first green bond was launched by Yes Bank Limited in 2020 to raise INR 5 billion to enhance long-term resources for funding Environment Project.

Which of the statement/s given above is/are not correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) None of these

Answer: (C)

Explanation:

  • SEBI regulate the green Bond financing and issuance in INDIA. In May 2017, SEBI issued guidelines for green bond issuance specifying the disclosure requirements
  • India's first green bond was launched by Yes Bank Limited in 2015 to raise INR 5 billion to enhance long-term resources for funding Environment Project.

Q6. Which of national park of north east is famous for the Great Indian one horned rhinoceros?

a) Kaziranga National Park
b) Manas National Park
c) Orange National Park
d) Dibru Saikhowa National Park

Answer: (A)

Explanation: Kaziranga National Park a world heritage site is famous for the Great Indian one horned rhinoceros, the landscape of Kaziranga is of sheer forest, tall elephant grass, rugged reeds, marshes & shallow pools. The Indian state of Assam is home to the largest population of greater-one horned rhinos, with more than 90% in Kaziranga National Park.

Q7. Consider the following statements regarding Electoral Bonds:

1. All political parties registered under section 29A of the Representation of People Act 1951 are eligible to receive donations through electoral bonds.
2. Electoral bonds can be traded on stock exchanges.

Select the correct answer using the code given below.

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

Answer: (D)

Explanation:

  • Parties registered under the Representation of the People Act 1951 could receive donations through electoral bonds, but they should have secured more than 1% of the votes polled in the previous elections
  • Electoral bonds cannot be traded on stock exchanges.