Current Affairs MCQs for UPSC & State PSC Exams (04 February 2022)

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

Date: 04 February 2022

Q1. Consider the following statement regarding Global Minimum Corporate Tax recently in news:

1. It calls for a two-pillar solution to address the challenges of taxation in the digital economy.
2. The first pillar impose a global minimum corporate tax rate of 15%.
3. The second pillar of the agreement has to do with the basis on which taxes should be collected.

Which of the statements given above is/are Correct?

A. 1 only
B. 1 and 2 only
C. 3 only
D. 2 and 3 only

Answer: (A)

Explanation:

  • The accepted proposal of the Global Minimum Corporate Tax agreement calls for a two-pillar solution to address the challenges of taxation in the digital economy based on a 2015 report on base erosion and profit shifting by OECD.
  • The first pillar of the agreement has to do with the basis on which taxes should be collected.
  • The second pillar seeks to impose a minimum corporate tax rate of 15 per cent all over the world.

Q2. Consider the following statements about ‘Forum for Decarbonizing Transport’.

1. It was jointly launched by Ministry of Heavy Industries and World Resources Institute (WRI), India.
2. The forum is a part of the Nationally Determined Contributions (NDC)-Transport Initiative for Asia (NDC-TIA) project.

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

a) 1 only
b) 2 only
c) Both1 and 2
d) None of these

Answer: (B)

Explanation:

  • It was jointly launched by NITI Aayog and World Resources Institute (WRI), India.
  • The forum is a part of the Nationally Determined Contributions (NDC)-Transport Initiative for Asia (NDC-TIA) project.

Q3. The inter-linking of rivers Godavari – Cauvery diverted water from Godavari river to Nagarjuna Sagar dam. On which river Nagarjuna Sagar dam is situated?

a) Cauvery
b) Pennar
c) Krishna
d) Mahanadi

Answer: (C)

Explanation: World's largest masonry dam protected with 26 gates measuring 124.663m in height, Nagarjunasagar Dam located in Nalgonda District is built across River Krishna.

Q4. What is the significance of Infrastructure status for Data Center

(I) This will facilitate credit availability for digital infrastructure
(II) It helps attract foreign investments.

Select the correct answer using the code given below.

(A) I only
(B) II only
(C) I and II
(D) Neither I nor II

Answer: (C)

Q5. Recently, in the present Budget-22 ‘One class-One TV channel’ programme of PM eVIDYA was launched. Consider the following statements

1. It provides supplementary education in regional languages as well.
2. It is meant only for the primary level of schooling from classes 1-5.

Select the correct option

a. Only statement-1 is correct
b. Only statement-2 is correct
c. Both statements are correct
d. Both statements are wrong

Answer: (A)

Explanation: ‘One class-One TV channel’ programme of PM eVIDYA - The number of TV channels will be increased from 12 to 200 TV channels. This will enable all States to provide supplementary education in regional languages for classes 1-12.

Q6. Which of the following is not the disputed site between India & China?

(A) Doklam
(B) Galwan valley
(C) Depsang Plains
(D) Lipulekh pass

Answer: (D)

Explanation: Lipulekh pass exists between India and Nepal. While the other three places are disputed sites between India and China.

Q7. Payment Infrastructure Development Fund (PIDF) has been established in order to increase the digital payment infrasture Consider the following statements

1) PIDF has been launched by NPCI
2) It aims to enhance payment infra in metropolitan cities

Which of the following are correct

A) 1 only
B) 2 only
C) Both are correct
D) None of the above

Answer: (D)

Explanation: PIDF has been established by RBI For enhancing the payment infra in tier 3 to tier 6 cities and North East Region