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

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

Date: 09 July 2022

Q1. Consider the following statements regarding Environment Protection Act, 1986:

1. The Act is an umbrella legislation that provides a framework for the environmental regulatory regime in India.
2. It was enacted under Article 253 of the Indian Constitution.

Which of the statements given above is/are correct?

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

Answer: (C)

Explanation:

  • It was enacted under Article 253 of the Indian Constitution which provides for the enactment of legislation for giving effect to international agreements.
  • The Act is an “umbrella” legislation that has provided a framework for the environmental regulatory regime in India.
  • It covers all major industrial and infrastructure activities and prohibits and regulates specific activities in coastal areas and eco-sensitive areas.

Q2. Consider the following statements about Open Network for Digital Commerce (ONDC).

1. In the platform centric model, Buyers and sellers have to be on the same app for a transaction that happens through the same platform.
2. ONDC will act as a neutral platform that will allow products and services from all registered e-commerce businesses and platforms to be displayed together.

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: (C)

Explanation:

  • In platform centric model, buyers and sellers have to be on the same app for a transaction which happens through the same platform.
  • Sellers enlist themselves on websites like Flipkart, Amazon etc. to be able to sell their products and Buyers log into these websites to be able to make a purchase.
  • The database of buyers and sellers is exclusive to these platforms.
  • ONDC is a freely accessible online system for traders and consumers and it is critical because the government intends to dismantle the digital monopolies and duopolies of giant tech companies such as Amazon, Flipkart, Zomato and others.

Q3. Consider the following statements about the census towns:

1. Population exceeds 5,000.
2. At least 50% of the male working population is employed outside the agricultural sector.
3. Minimum population density of 400 persons per km2.
4. Census towns are governed by Urban Local Bodies.

Which of the above statements is/are correct?

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

Answer: (B)

Explanation: Census towns

  1. Population exceeds 5,000.
  2. At least 75% of the male working population is employed outside the agricultural sector.
  3. Minimum population density of 400 persons per km2.
  4. Census towns are governed by rural local bodies or Panchayats.
  5. Statutory Towns are governed by Urban Local Bodies.

Q4. Consider the following statements regarding WTO

1. WTO was created along with WB and IMF.
2. It is also regarded as one of the Bretton Woods institutions.

Which of the above statement(s) is/are correct?

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

Answer: (D)

Explanation:

  • WTO was created in 1995 pursuant to the Marrakesh Agreement (1994).
  • WB and IMF are known as Bretton Woods Institutions.

Q5. With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?

1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights

Select the correct answer using the code given below.

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

Answer: (C)

Explanation: Current Account: It shows the export and import of visibles (also called merchandise or goods - represent trade balance) and Invisibles (also called non-merchandise). Invisibles include services, transfers, and income.