Current Affairs MCQs for UPSC & State PSC Exams (05 May 2022)

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

Date: 05 May 2022

Q1. Which of the following is/are a part(s) of the capital account in the Balance of payment?

1. Balance of invisibles
2. Special Drawing Rights
3. Foreign Loans
4. Private Remittances

Choose the correct option:

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

Answer: (B)

Explanation:

Q.2 Consider the following statements:

1. Repo rate refers to the rate at which commercial banks borrow money from the Central bank.
2. Cash Reserve Ratio in India is decided by the RBI on the recommendations of the Finance Ministry.

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

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither of these

Answer: (A)

Explanation:

  • Repo rate refers to the rate at which commercial banks borrow money by selling their securities to the Central bank.
  • Cash Reserve Ratio in India is decided by the Monetary Policy Committee (MPC).

Q3. Consider the following statements.

1) The public Distribution Scheme is a central sector scheme.
2) The Ministry of Agriculture is responsible for procuring grains.

Select the correct option.

a) 1 only
b) 2 only
c) Both
d) Neither

Answer: (D)

Explanation:

  • PDS is a centrally sponsored scheme, with contributions from both centre and states.
  • FCI is responsible for procuring grains and it is under the ownership of the Ministry of Consumer Affairs, Food and Public Distribution.

Q4. Consider the following statements with respect to deemed forests :

1. Deemed forests are conceived as areas that have not been notified under the legislation, but are recorded as forests in government records.
2. These are lands that have characteristics of forests, irrespective of ownership.
3. Once forests are “deemed”, they can be de-reserved or utilised for non-forest purposes.

Choose the correct statements:

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

Answer: (A)

Explanation:

Deemed Forests

  • Deemed forests are conceived as areas that have not been notified under the legislation, but are recorded as forests in government records.
  • These are lands that have characteristics of forests, irrespective of ownership
  • Once forests are “deemed”, they cannot be de-reserved or utilised for non-forest purposes without the prior approval of Centre.
  • Hence, the third statement is incorrect.

Q5. social engineering techniques that are often seen in the news are related to:

a) Hacking Tool
b) Secret Intelligence unit
c) AI communication
d) Metaverse tool of Interaction

Answer: (A)

Explanation: Social engineering technique typically involve some form of psychological manipulation, fooling otherwise unsuspecting users or employees into handing over confidential or sensitive data.