Current Affairs MCQs for UPSC & State PSC Exams (08 November 2022)

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

Date: 08 November 2022

Q1. Which of the following states of India shares its border with Myanmar?

1. Arunachal Pradesh
2. Mizoram
3. Tripura
4. Nagaland
5. Assam
6. Manipur

Choose the correct answer using the code given below:

a) 1, 2, 5 and 6 only
b) 1, 2, 3 and 6 only
c) 1, 2, 4 and 6 only
d) 2, 3, 4, and 6 only

Answer: (C)

Explanation: India-Myanmar shares a 1,643-km-long border with Arunachal Pradesh, Nagaland, Manipur, and Mizoram.

Hence ( c) is the correct option.

Q2. Which of the following is the most likely consequence of implementing the 'Unified Payments Interface (UPI)'? (UPSC CSP 2017)

a) Mobile wallets will not be necessary for online payments.
b) Digital currency will totally replace physical currency in about two decades.
c) FDI inflows will drastically increase.
d) Direct transfer of subsidies to poor people will become very effective.

Answer: (A)

Explanation: UPI allows you to pay directly from your bank account to different merchants without the hassle of typing your card details, or net banking/wallet password.

Hence option 1 is correct.

Q3. Consider the following statements-

1. The United States has over 50 percent share of the total worldwide Silicon Chip market.
2. The “OPEC'' countries are home to about 80% of the world’s known petroleum reserves.

Which of the statements given above is/are Not correct?

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

Answer: (D)

Explanation:

  • According to IC Insights the United States has over 50 percent share of the total worldwide Silicon Chip (IC) market.
  • In 2021, it was the lead manufacturer of chips with a 54% in worldwide share.
  • Semiconductors constituted the largest share of U.S exports which stood for $49 billion in 2020.

Hence, statement 1 is correct.

  • Accordion to OPEC’s official estimates the “OPEC'' countries have the 80.4 % of the world’s known petroleum reserves.
  • Also the OPEC countries produce about 40% of the world's crude oil.

Hence statement 2 is also correct.

Q4. Consider the following statements regarding Central Electricity Authority.

1. It is a statutory organization constituted in 1951 and works as per the Electricity Act 2003.
2. The Central Electricity Authority of India (CEA) advises the government on policy matters and formulates plans for the development of electricity systems.
3. It is a key regulator of the power sector in India.

Which of the statements given above is/are Not correct?

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

Answer: (C)

Explanation:

  • It is a statutory organization constituted in 1951 and works as per the Electricity Act 2003.

Thus statement 1 is correct.

  • The Central Electricity Authority of India (CEA) advises the government on policy matters and formulates plans for the development of electricity systems.

Hence statement 2 is correct.

  • CERC (Central Electricity Regulatory Commission) is a key regulator of the power sector in India.

Thus statement 3 is not correct.

Q5. Which of the following countries is/are part of High-risk Jurisdiction or blacklist of the Financial Action Task Force?

1. Pakistan
2. Iran
3. North Korea
4. Syria

Choose the correct answer using the code given below:

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

Answer: (D)

Explanation: Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs) are put on the blacklist. These countries support terror funding and money laundering activities. The FATF revises the blacklist regularly. Iran and the Democratic People’s Republic of Korea (North Korea) are under High-risk Jurisdiction or blacklist.

So, option (d) is the correct answer.