Current Affairs MCQs for UPSC & State PSC Exams (09 April 2022)

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

Date: 09 April 2022

Q1. Which of the following sector is not included in the Priority Sector Lending of RBI?

a) Micro, Small and Medium Enterprises
b) Export Credit
c) Electric vehicle
d) Renewable Energy

Answer: (C)

Explanation: The categories under priority sector are as follows:

  • Agriculture
  • Micro, Small and Medium Enterprises
  • Export Credit
  • Education
  • Housing
  • Social Infrastructure
  • Renewable Energy
  • Others

Q2. Consider the following statements:

1. RBI considers Negotiable Warehouse Receipts under priority sector lending loan.
2. The Food Corporation of India is the single largest Agri warehousing agency in India.

Choose the correct option:

a) 1 only
b) 2only
c) both 1 and 2
d) none of these

Answer: (C)

Explanation:

  • RBI consider Negotiable Warehouse Receipts under priority sector lending loan.
  • The Food Corporation of India is the single largest agency which has a capacity of 26.62 million tonnes

Q3. Consider the following statements.

1. UPI is the indigenous digital payment system in India that was conceptualised and operated by the Reserve Bank of India.
2. UPI Lite recently seen in news is a one-device wallet similar to those found on Paytm, Freecharge, Mobikwik, and other popular digital payment apps.

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: (B)

Explanation:

  • UPI is the indigenous digital payment system in India that was conceptualised and operated by the National payment corporation of India.
  • UPI Lite recently seen in news is a one-device wallet similar to those found on Paytm, Freecharge, Mobikwik, and other popular digital payment apps.
  • UPI Lite enables QR code-based payment even offline.
  • The app will be designed only for debit transactions that is, to send money from the app. The facility for credit transactions or receiving money through the app is planned in Phase-2.

Q4. Consider the following statements regarding Big Tech firms:

1. Big Tech through their products, presence and investment are trying to manipulate the public opinion and dilute national sovereignty.
2. Duopoly (Google or Apple) is detrimental to consumers, competition, and innovation across sectors and devices.

Select the correct answer using the code given below.

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

Answer: (C)

Explanation:

  • Big Tech through their products, presence and investment are trying to manipulate the public opinion and dilute national sovereignty.
  • Duopoly (Android or IOS) is detrimental to consumers, competition, and innovation across sectors and devices.

Q5. Consider the following statements:

1. It is an anti-terror law which aimed at preventing certain unlawful activities of individuals and associations.
2. Only Indians can be charged under UAPA.
3. The act is applicable only in India so offenders cannot be charged outside India.

Which of the following statements are correct?

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

Answer: (A)

Explanation:

  • Unlawful activity” refers to any action taken by individual or association (whether by committing an act or by words, either spoken or written or by signs to questions, disclaims, disrupts, or is intended to disrupt the territorial integrity and sovereignty of India.
  • This act also prohibits the cession of a part of the territory of India or the secession of a part of the territory of India from the Union, or which provoke any individual or group of individuals to bring about such cession or secession.
  • UAPA will be applicable to the offenders in the same manner, even if the crime is committed on foreign land, outside India.
  • Any Indian or foreign national charged under UAPA is liable for punishment under this Act, irrespective of the location of crime/offense committed

Q6. which of the following component is collateral free Instrument of RBI Monetary Policy?

a) Repo Rate
b) Bank Rate
c) standing deposit facility
d) Marginal Standing Facility

Answer: (C)

Explanation: The Reserve Bank of India (RBI) on Friday effectively raised the policy rate by 40 basis points by introducing a standing deposit facility (SDF), through which it seeks to suck out excess liquidity in the system, but without offering any collateral to banks.

Q7. Consider the following statements:

1. Radiation, air temperature, humidity and wind speed are weather parameters which affects evapotranspiration.
2. Snow and ice have the highest albedos of any parts of Earth's surface.

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

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

Answer: (C)

Explanation:

  • Radiation, air temperature, humidity and wind speed are weather parameters which affecting evapotranspiration.
  • Snow and ice have the highest albedos of any parts of Earth's surface.