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

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

Date: 02 June 2022

Q1. Consider the following statements with respect to the powers of the Election Commission:

1. The Election Commission of India has the powers of superintendence, direction, and control of elections under Part XV of the Constitution of India.
2. The power under Part XV extends to the supervision or superintendence of internal elections of political parties.
3. The commission has the power to register a political party and not deregister it.

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: (C)

Explanation:

  • The Election Commission of India has the powers of superintendence, direction, and control of elections under Part XV of the Constitution of India, however, it does not extend to the supervision or superintendence of internal elections of political parties which is problematic. Hence, the second statement is incorrect.
  • Under Section 29-A of the Representation of People’s Act 1951, the Commission has the powers to register a political party and not deregister it, the assertion precludes the fact that the Commission has wide-ranging powers available to it under Section 16-A of the Election Symbols (Reservation and Allotment) Order, 1968 to either suspend or withdraw recognition to a political party as a national or state party.

Q2. Global Competitiveness Index is published by:

a) World Bank
b) IMF
c) Institute for Management Development (IMD)
d) World Economic Forum

Answer: (D)

Explanation:

  • The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index.
  • Some of the other major reports published by WEF are:
  • Energy Transition Index,
  • Global Gender Gap Report,
  • Global Risk Report
  • Global Travel and Tourism Report

Q3. Consider following the statements about Pension Advisory Committee(PAC):

1. Every meeting of the PAC has to be presided over by PFRDA chairman.
2. The Panel is required to meet at least twice a year.
3. PAC cannot have more than twenty-five members, excluding ex officio members.

Which of the above statements is /are Not correct?

a) 1 Only
b) 2 Only
c) 1 and 3 Only
d) None of the above

Answer: (D)

Explanation:

  • The PFRDA Act stipulates that PAC cannot have more than twenty-five members, excluding ex-officio members, to represent the interests of employees’ associations, subscribers, commerce and industry, intermediaries, and organizations engaged in pension research. Statement 3 Correct
  • PAC can advise PFRDA on matters referred to it, and on such matters as the Panel may deem fit.
  • The Panel is required to meet at least twice a year. Statement 2 correct
  • Every meeting of the PAC has to be presided over by Chairperson (PFRDA Chairman). Statement 1 correct
  • Each member of the PAC — other than ex-officio members — will have a term of office of three years from the date of nomination by the Authority.

Q4. Consider the following statements:

1. Indonesia is the world’s biggest palm oil producer.
2. India is the world's second biggest importer of palm oil.

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: (A)

Explanation:

  • Indonesia is the world’s biggest palm oil producer. Statement 1 is correct
  • India is the world's biggest importer of palm oil. Statement 2 is incorrect

Q5. Which of the following organizations drafts Corruption Perception Index?

A) Transparency International
B) World Economic Forum
C) Economic Intelligence Unit
D) Financial Intelligence Unit

Answer: (A)