Current Affairs MCQs for UPSC & State PSC Exams (14 December 2021)

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

Date: 14 December 2021

Q1. Consider the following with respect to GST Compensation Act, 2017:

1. It guarantees States that they would be compensated for any loss of revenue in the first ten years of GST implementation.
2. A compensation cess fund was created from which States would be paid for any shortfall.
3. An additional cess would be imposed on petroleum goods to fund the compensation fund.

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

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

Answer: (B)

Q2. Consider the following statements, with respect to zero-budget natural farming (ZBNF):

1. This technique of farming was developed by Subhash Palekar.
2. In ZBNF, Jeevamrutha is made by mixture of fresh cow dung and aged cow urine, while Bijamrita is a concoction of neem leaves & pulp, tobacco and green chilies.
3. In India, currently there is no specific policy regarding ZBNF.

Which of the statements given above is/are correct?

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

Answer: (C)

Q3. Consider the following statement about SMART system :

1. It is an indigenously developed missile-assisted Anti-Submarine Torpedo System.
2. It is a subsonic missile system for submarine.
3. It has a maximum range of 650 km, which makes it a first for such a class of weapon in the world.

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

(a) 1 and 2only
(b) 2 and 3only
(c) 1 and 3 only
(d) None of these

Answer: (C)

Q4. Which of the following are related to reforms and improving the efficiency of Indian judiciary?

(a) Malimath committee
(b) National Judicial Data Grid
(c) Proposal of National Judicial Infrastructure Authority of India (NJIAI)
(d) All of the above

Answer: (D)

Q5. With reference to the constitutional and legal measures to curb child labour, consider the following statements:

1. According to Article 23 of the Indian Constitution any type of forced labour is prohibited.
2. Article 24 states that a child under 14 years cannot be employed to perform any hazardous work.
3. Article 39 states that “the health and strength of workers, men and women, and the tender age of children are not abused.
4. Child Labour Act (Prohibition and Regulation) 1986 prohibits children under the age of 14 years to be working in hazardous industries and processes.

Which of the statements given above are correct?

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

Answer: (D)

Q6. Consider the following statement about Algo Trading:

1. Algorithmic trading or Algo trading is computer assisted buying and selling of stocks.
2. Algo Trading is illegal in India.

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)