Current Affairs MCQs for UPSC & State PSC Exams (12 March 2022)

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

Date: 12 March 2022

Q1. Consider the following statements:

1. The Self Employment Scheme for Liberation and Rehabilitation of Scavengers comes under the Ministry of Labour and Employment.
2. The scheme provides One Time cash assistance of Rs.400000/- to identified manual scavenger.

Select the correct statements:

A. 1only
B. 2 only
C. Both are correct
D. Both are incorrect

Answer: (D)

Explanation:

  • The Self Employment Scheme for Liberation and Rehabilitation of Scavengers (SRMS) comes under Ministry of Social Justice and Empowerment
  • The Self Employment Scheme for Liberation and Rehabilitation of Scavengers (SRMS): Have an objective of rehabilitating them and their dependents with alternative livelihoods.
  • The government scheme provides for one-time cash assistance of Rs 40,000, skill development training, and capital subsidy for self-employed projects.

Q2. Which among the following statements best describes ‘Net Zero Emissions’

a. It means the amount of carbon being emitted is equal to the amount of carbon being absorbed from the atmosphere.
b. It will be achieved when human activity no longer causes global warming.
c. It eliminates all the sources of greenhouse gases from their operations
d. It is limited to purchase offsets in order to account for greenhouse gases emitted.

Answer: (B)

Explanation:

  • Carbon Neutral means the amount of carbon (carbon dioxide, aka CO2) being emitted is equal to the amount of carbon being absorbed from the atmosphere.
  • Net Zero is a similar concept to Carbon Neutral, however it goes beyond just carbon and is typically on a larger scale. Net Zero refers to when all greenhouse gases being emitted into the atmosphere are equivalent to the greenhouse gases being removed from the atmosphere on a global scale.
  • Absolute Zero is when we will be able to eliminate all the sources of greenhouse gases from their operations.

Q3. Which of the following is the components of Monetary Base or Reserve Money in the economy?

1. Currency in Circulation
2. Bankers’ Deposits with RBI
3. Current Deposits with the Banking System
4. Demand Liabilities Portion of Savings Deposits with the Banking System
5. ‘Other’ Deposits with RBI.

Choose the correct option:

a) 1, 2,3 and 5 only
b) 1,3,4 and 5 only
c) 1, 2 and 5 only
d) All of these

Answer: (C)

Explanation: NM0 (Monetary Base or Reserve Money)

M0 is the sum of Currency in Circulation, Bankers’ Deposits with RBI, and ‘Other’ Deposits with RBI. Components of M0:

  • Currency in Circulation
  • Bankers’ Deposits with RBI
  • ‘Other’ Deposits with RBI

Note: ‘Other’ deposits with RBI comprise mainly: (i) deposits of quasi-government and other financial institutions including primary dealers, (ii) balances in the accounts of foreign Central banks and Governments, (iii) accounts of international agencies such as the International Monetary Fund, etc.

Q4. Which of the following institution has released the Global Gender Gap Index?

a) Oxfam International
b) Organisation for Economic Cooperation and Development (OECD)
c) World Economic Forum
d) World Bank

Answer: (C)

Explanation : The Global Gender Gap Index is released by the World Economic Forum. It was first introduced in 2006 to benchmark progress towards gender parity.

Q5. With reference to National Waterways (NW), consider the following pairs:

National Waterways River System
1. NW – 1 Ganga-Bhagirathi-Hooghly
2. NW – 2 Brahmaputra
3. NW – 3 Krishna and Godavari
4. NW – 4 West Coast Canal, Champakara Canal, and Udyogamandal Canal

Which of the pairs given above is/are correctly matched?

A. 1 and 2 only
B. 1,2 and 4 only
C. 1, 2 , 3 and 4
D. 1, 3 and 4

Answer: (A)

Explanation:

Q6. Consider the following statements:

1. In case lack of quorum, a retired judge SC and HC can be requested to act as SC judge.
2. An Additional Judge of High Court is appointed on the recommendation of collegium.

Which of the statements given above is / are correct?

A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2

Answer: (B)

Explanation: Art: 127- If at any time there should not be a quorum of the Judges of the Supreme Court available to hold or continue any session of the Court, the Chief Justice of India may, with the previous consent of the President and after consultation with the Chief Justice of the High Court concerned, request in writing the attendance at the sittings of the Court, as an ad hoc Judge, for such period as may be necessary, of a Judge of a High Court duly qualified for appointment as a Judge of the Supreme Court to be designated by the Chief Justice of India.

An Additional Judge of High Court is appointed on the recommendation of collegium.

Q7. Consider the following statement:

1. United States of America (USA) remained the top export destination for India in last fiscal year.
2. PM Gati Shakti would boost export by building world-class infrastructure through logistical synergy.

Which of the statement given above is/are correct?

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

Answer: (C)

Explanation:
  • United States of America (USA) remained the top export destination for India in last fiscal year.
  • PM Gati Shakti would boost export by building world-class infrastructure through logistical synergy.