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

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

Date: 04 May 2022

Q1. Consider the following statements:

1. Water Users’ Associations (WUA) have been formed within the command area development programme of Government.
2. The concept of involvement of farmers in management of the irrigation system has been included in the National Water Policy adopted, 1987.

Which of the following statement is/are correct?

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

Answer: (C)

Explanation:

  • Water Users’ Associations (WUA) have been formed within the command area development programme of Government.
  • The concept of involvement of farmers in management of the irrigation system has been accepted as a policy of the Government of India and has been included in the National Water Policy adopted in 1987.

Q2. Which of the following is/are the goal(s) under ‘Panchamrita’ initiative of Indian government?

1. Non-fossil energy capacity to 500 gigawatt by 2030.
2. Meet 50 per cent of its energy requirements till 2030 with renewable energy.
3. Reduce its projected carbon emission by one trillion tonnes by 2030.
4. Reduce the carbon intensity of its economy by 45 per cent by 2030.

Choose the correct option:

a) 1, 2 and 3 only
b) 1, 3 and 4 only
c) 1, 2 and 4 only
d) All of the above

Answer: (C)

Explanation:

‘Panchamrita’ Promises

  • India will get its non-fossil energy capacity to 500 gigawatt by 2030.
  • India will meet 50 per cent of its energy requirements till 2030 with renewable energy.
  • India will reduce its projected carbon emission by one billion tonnes by 2030.
  • India will reduce the carbon intensity of its economy by 45 per cent by 2030.
  • India will achieve net zero by 2070.

Q3. Consider the following statements with respect to Electronic Gold Receipts (EGRs):

1. An EGR is an electronic receipt issued on the basis of deposit of underlying physical gold in accordance with the regulations made by RBI.
2. EGR Holders cannot convert the EGRs issued by a vault manager with any other vault manager.
3. EGR holders cannot convert EGR into the underlying gold, but can convert it to Sovereign Gold Bonds.

Choose the incorrect statements:

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

Answer: (D)

Explanation:

Electronic Gold Receipts

  • An EGR is an electronic receipt issued on the basis of deposit of underlying physical gold in accordance with the regulations made by SEBI.
  • EGR holder can hold the EGR as long as intended, since they will have perpetual validity. In case, the EGR holder wants to convert it into the underlying gold, they can do so by surrending the instrument with a vault manager.
  • To cut transaction costs, SEBI has made these EGRs fungible and interoperability between vault managers is allowed. In other words, holders can convert the EGRs issued by a vault manager with any other vault manager.
  • Hence, all statements are incorrect.

Q4. Consider the following statements:

1. New Zealand in 2017 became the first country to grant the Whanganui river legal rights.
2. Public Trust Doctrine rests on the principle that certain resources like air, sea, water should be protected by the government for the enjoyment of the general public rather than to permit their use for private ownership or commercial purposes.
3. Living Entity” Status makes rivers a juristic person”, i.e. they have a right to be legally protected from any kind of harm, pollution or destruction.

Which of the following statements is/are correct?

a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d) All of the above

Answer: (D)

Q5. Prevention of Money Laundering Act, 2002 (PMLA) is implemented by

a) Ministry of Home Affairs
b) Ministry of Finance
c) DIPAM
d) Ministry of Corporate Affairs

Answer: (B)

Explanation: ED (Enforcement Directorate) under Department of Revenue (of Finance Ministry) is responsible for implementing Prevention of Money Laundering Act.