Current Affairs MCQs for UPSC & State PSC Exams (11 July 2022)

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

Date: 11 July 2022

Q1. Among the following options, which represent all members of the Five Eyes Alliance

A) US-UK-Australia-New Zealand-Japan
B) US-UK-Australia-Japan-Canada
C) US-UK-Australia-Japan-France
D) US-UK-Australia-New Zealand-Canada

Answer: (A)

Explanation: US-UK-Australia-New Zealand-Canada

These are the 5 members of The Five Eyes (FVEY), which is an intelligence alliance. They cooperate in sharing signal intelligence.

Q2. Consider the following statements:

1. MSME Development Act, 2006 is the first legal measure to ensure timely payments by mandating buyers to pay interest to MSME for payment delay.
2. Samadhaan is a platform introduced by the government for MSMEs to raise disputes over the non-payment of dues.

Which of followingstatements is/are correct?

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

Answer: (B)

Explanation:

  • Interest of Delayed Payments (IDP) to Small Scale and Ancillary Industrial Undertakings Act, 1993 was the first legal measure to ensure timely payments by mandating buyers to pay interest to MSME if payments were due for more than 30 days.
  • Samadhaan is a platform introduced by the government for MSMEs to raise disputes over the non-payment of dues.

Q3. Which of the following entities are regulated under the Regulatory Framework for Microfinance loans Directions, 2022 of RBI ?

1. Commercial Banks
2. Co-operative Banks
3. Non-Banking Financial Companies
4. Payment Banks

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

a) 1 only
b) 1 and 2 only
c) 1,2 and 3 only
d) All of the above

Answer: (C)

Explanation: The following entities are regulated under the Regulatory Framework for Microfinance loans Directions, 2022 of RBI:

  1. All Commercial Banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks) excluding Payments Banks
  2. All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ District Central Co-operative Banks
  3. All Non-Banking Financial Companies (including Microfinance Institutions and Housing Finance Companies).

Q4. Consider the following statements:

1. Coffee Board of India is a statutory organization.
2. Coffee production generally requires higher temperatures varying between 35°C and 40 °C
3. In India coffee is generally grown in the open, unlike other major producers where coffee is grown under the tree shade.

Which of the statements given above is/are correct?

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

Answer: (A)

Explanation:

  • Coffee Board of India is a statutory organization constituted under the Coffee Act, 1942.
  • Coffee plants require a hot and humid climate with temperatures ranging between 15°C and 28 °C and rainfall from 150 to 250 cm.
  • Frost, snowfall, high temperatures above 30°C, and strong sunshine are not good for coffee crops and are generally grown under shady trees.
  • India is one of the very few countries, where coffee is grown under the tree shade, unlike major producers such as Brazil and Vietnam, where it is grown in the open.

Q5. Bonn Challenge, sometimes seen in the news, is related to:

a) Cyber security
b) Protectionof the migratory species
c) Persistent Organic Pollutants
d) Forest Landscape Restoration

Answer: (D)

Explanation:

  • The Bonn Challenge is a global goal to bring 150 million hectares of degraded & deforested landscapes into restoration by 2020 & 350 million hectares by 2030.
  • Launched by the Government of Germany & IUCN in 2011 & later endorsed & extended by the ‘New York Declaration on Forests’ in UN Climate Summit, 2014.
  • It is based on the Forest Landscape Restoration (FLR) approach, which aims to restore ecological integrity along with improving human wellbeing through multifunctional landscapes.