Current Affairs MCQs for UPSC & State PSC Exams (10 February 2022)

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

Date: 10 February 2022

Q1. With which of the following country India have comprehensive economic cooperation agreement?

a) Sri Lanka
b) United kingdom
c) Malaysia
d) Australia

Answer: (C)

Explanation:

  • India has signed CECA with Malaysia and Singapore only.

Q2. Consider the following statements about Coronal Mass Ejection:

1. CMEs re the most powerful explosions happening in the solar system.
2. CMEs radiation can harm human bodies on the surface of Earth as well as in space.

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

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

Answer: (A)

Explanation:

  • CMEs are the most powerful explosions happening in the solar system.
  • Solar storms aren’t dangerous to humans on Earth’s surface. But solar storm human is dangerous to humans in space

Q3. Consider the following statements:

1. Department for Promotion of Industry and Internal Trade (DPIIT) is tasked with managing the Centre’s investments in the PSUs.
2. The targets for disinvestment has constantly increased in last 10 years.
3. In the last 5 years, governments have not been able to achieve its disinvestment targets in any of the financial year.

Which of the statements given above is/are correct?

A. 1 only
B. 2 and 3 only
C. 1 and 3 only
D. None of the above

Answer: (D)

Explanation: The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance is tasked with managing the Centre’s investments in the PSUs. Sale of the Centre’s assets falls within the mandate of DIPAM.

Table: Disinvestment Targets and receipts

Q4. Consider the following statements regarding Kerala:

1. Kerala has India’s highest literacy rate but ranking only the ninth-highest in per capita income among 28 States.
2. The Public Affairs Index 2020 ranked Kerala as the best-governed large State on the basis of 50 indicators.

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:

  • Kerala has India’s highest literacy rate but ranking only the ninth-highest in per capita income among 28 States.
  • The Public Affairs Index 2020 ranked Kerala as the best-governed large State on the basis of 50 indicators.

Q5. Consider the following statements about the impacts of LPG (Liberalization, Privatization, Globalization) reforms:

1. These measures were undertaken to correct the inherent weakness that has developed in the Balance of Payments and control the inflation.
2. Poverty declined faster but inequality increased in the post-reform period.
3. The share of agriculture in the GDP has gone down drastically.

Select the correct options:

A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. All of the above

Answer: (D)

Explanation:

  • LPG reforms were undertaken to correct the inherent weakness that has developed in Balance of Payments and control the inflation. The balance of Payment is the system of recording the economic transactions of a country with the rest of the world over a period of one year. When the general prices of goods and services are increasing in an economy over a period of time, the same situation is called Inflation.
  • A World Bank study reveals that poverty declined by 1.36 percentage points per annum after 1991, compared to that of 0.44 percentage points per annum prior to 1991. But, LPG policies have led to widening income gaps within the country. The higher growth rate is achieved by an economy at the expense of declining incomes of people who may be rendered redundant.
  • In 1991, agriculture provided employment to 72 percent of the population and contributed 29.02 percent of the GDP. Now the share of agriculture in the GDP has gone down drastically to 18 percent.