Current Affairs MCQs for UPSC & State PSC Exams (17 September 2022)

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

Date: 17 September 2022

Q1. Consider the following statements regarding Department Related Parliamentary Standing Committees (DRSC):

1. Each DRSC consists of 31 members - 21 from Lok Sabha and 10 from Rajya Sabha.
2. The Chairperson of each of the Committees is appointed by the Speaker of Lok Sabha.

Which of the statements given above is/are correct?

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

Answer: (A)

Explanation:

  • Till the 13th Lok Sabha, each of these Standing Committees used to consist of 45 members. With the re-structuring of DRSCs in July 2004, each DRSC consists of 31 members—21 from Lok Sabha and 10 from Rajya Sabha.
  • The Chairmen of the eight out of 24 Committees are appointed by the Chairman, Rajya Sabha, and the remaining Sixteen by the Speaker, Lok Sabha.

Q2. Consider the following statements regarding the Production-Linked Incentive (PLI) Scheme.

1. The PLI scheme which was first launched in 2020 focuses on boosting domestic production of various critical items by incentivizing manufacturing firms through subsidies.
2. The incentives, which are calculated on the basis of absolute sales of a year, range from as low as 1% for the electronics and technology products to as high as 20% for some chemical items.
3. The Ministry of Electronics and Information Technology is the nodal ministry to implement the PLI scheme for large scale electronics manufacturing.

Which of the statements given above is/are correct?

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

Answer: (B)

Explanation:

  • The PLI scheme which was launched in 2020 works to reduce down the import bills and boost up domestic production.
  • It will focus on the labour-intensive sectors and aims to increase the employment ratio in India.
  • The incentives, calculated on the basis of incremental sales, range from as low as 1% for the electronics and technology products to as high as 20% for the manufacturing of critical key starting drugs and certain drug intermediaries.
  • The Ministry of Electronics and Information Technology is the nodal ministry to implement the PLI scheme for large scale electronics manufacturing.

Q3. Abraham Accords sometimes seen in news, are related to which of the following countries?

a) Israel
b) Saudi Arab
c) India
d) Syria

Answer: (A)

Explanation: The Abraham Accords are a joint statement made between Israel, the United States and the United Arab Emirates on August 13, 2020. It also refers to the agreement reached between Israel, Bahrain and the UAE to normalise relations between the three.

Q4. Consider the following statements regarding the Securities and Exchange Board of India:

1. It is the regulatory body for securities and commodity markets in India.
2. It is under the ownership of the Ministry of Commerce and Industry.
3. It was established in 1988 as an executive body and was given statutory powers through the SEBI Act, 1992.

Which of the statements given above is/are correct?

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

Answer: (B)

Explanation: The Securities and Exchange Board of India.

  • It is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance, Government of India.
  • It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.

Q5. Consider the following statements related to patenting and trademarks:

1. US Trademark Registry Office is at the top in terms of the number of filings.
2. The timeline for every step is fixed in the Indian patenting system.
3. The Office of Controller General of Patents, Designs & Trade Marks is a subordinate office of the Ministry of Commerce.

Which of the statement/s given above is/are not correct?

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

Answer: (B)

Explanation:

  • China’s Trademark Registry Office China is at the top with respect to the number of filings and the US is at the second position.
  • In the current system, the timeline for various steps is not fixed which leads to delays.
  • The Office of Controller General of Patents, Designs & Trade Marks is presently a subordinate office of the Ministry of Commerce.