Current Affairs MCQs for UPSC & State PSC Exams (16 April 2022)

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

Date: 16 April 2022

Q1. Consider the following statements:

1. Capital expenditure as the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
2. States’ capital expenditure has higher growth multiplier potential than the Centre.

Which of the above statements is/are correct?

a) 1 only
b) 2only
c) both 1 and 2
d) none of these

Answer: (C)

Explanation:

  • Capital expenditure as the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
  • Moreover, the States’ capital expenditure has higher growth multiplier potential than the Centre as it is related closer to the local community.

Q2. Which of the following organization releases Consumer Confidence Index in India?

a) National Statistical Office
b) National Sample Survey Office
c) Central Statistical Office
d) Reserve Bank of India

Answer: (D)

Explanation: The Reserve Bank released the results of its Consumer Confidence Survey (CCS) for the January 2022 round. The survey was conducted during January 02 to January 11, 2022 in 13 major cities including Ahmedabad, Bengaluru; Bhopal, Chennai, Delhi, Guwahati, Patna; and Thiruvananthapuram.

Q3. Recently, India's merchandise exports have crossed $400 billion which is one of the greatest milestones for India. What are the reasons can be attributed to such high export growth:

1. Low base effect
2. Strong global demand
3. Phenomenon of pent up buying
4. China+1 procurement strategy of MNCs

Select the correct answer using the code given below.

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

Answer: (C)

Explanation:

  • Low base effect (FY21 exports were very low due to lockdown, reverse migration etc.)
  • Developed economies pushed through massive stimulus to its citizens to keep the economy moving. This translated into strong global demand, including a lot of pent-up buying in developed economies.
  • In many sectors, the China+1 procurement strategy by global players is beginning to translate into orders for Indian manufacturers.

Q4. Consider the following statements with reference to National Pension Scheme:

1. Each employee holds a personal account maintained in a central database, regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
2. With effect from 1 May 2009, NPS has been provided for all citizens of the country including the unorganised sector workers on a voluntary basis.

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:

  • The NPS is a defined contribution system, where contributions by the employee are matched by equal contribution by the government or the employer. Each employee holds a personal account maintained in a central database, regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
  • With effect from 1 May 2009, NPS has been provided for all citizens of the country including the unorganised sector workers on a voluntary basis.

Q5. Consider the following statements about Telecom Regulatory Authority of India(TRAI).

1. TRAI is a regulatory body set up by the Government of India under section 3 of the Telecom Regulatory Authority of India Act, 1997.
2. It consists of a Chairperson and not more than four full-time members and not more than two part-time members.

Which of the above statements is/are not correct?

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

Answer: (B)

Explanation:

  • The Telecom Regulatory Authority of India (TRAI) is a regulatory body set up by the Government of India under section 3 of the Telecom Regulatory Authority of India Act, 1997.
  • It is the regulator of the telecommunications sector in India.
  • It consists of a Chairperson and not more than two full-time members and not more than two part-time members.

Q6. Consider the following statements:

1. The share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country during the last three years has increased.
2. The share of Agriculture and Allied Sectors in GVA of the country has stood at 29.3 percent.

Which of the above statements is/are correct?

a) 1 only
b) 2only
c) both 1 and 2
d) none of these

Answer: (A)

Explanation: The share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country during the last three years has increased.

Q7. Consider the following statements with respect to Madhavpur mela.

1. The fair celebrates the marriage of Lord Krishna with Rukmini around 4,000 years ago.
2. The Madhavpur Mela, is unique as it is held during winter season in Gujrat.

Which of the above statements is/are correct?

a) 1 only
b) 2 only
c) both 1 and 2
d) none

Answer: (A)

Explanation:

  • The fair celebrates the marriage of Lord Krishna with Rukmini around 4,000 years ago.
  • Gujarat is famous for its cultural fairs, such as the Tarnetar fair in Surendranagar and the livestock fair of Vautha in Dholka.
  • Most of these fairs are held in monsoon and winter.
  • The Madhavpur Mela, though unique as it is held in summer — the sea breeze in the coastal village saves it from the worst of the blistering heat.