Current Affairs MCQs for UPSC & State PSC Exams (20 May 2022)

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

Date: 20 May 2022

Q1. Which of the following organisation released the National Strategy for Financial Inclusion?

a) NITI Aayog
b) Ministry of Finance
c) Reserve Bank of India
d) None of the Above

Answer: (C)

Explanation: The Reserve Bank of India (RBI) released the National Strategy for Financial Inclusion 2019-2024 on January 10, 2020. It sets forth the vision and objectives of financial inclusion policies in India. The strategy was prepared by the RBI with inputs from the central government and financial sector regulators (Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, and Pension Fund Regulatory and Development Authority of India).

Q2. Consider the following statements:

1. President can exercise his power of pardon independent of the government.
2. Governor is bound by the State Cabinet’s advice when acting under Article 161 of the Constitution.

Which of the above statements is/are correct?

a) 1 Only
b) 2 Only
c) Both Of The Above
d) Neither Of The Above

Answer: (B)

Explanation: President cannot exercise his power of pardon independent of the government. This principle was reiterated in Kehar Singh (1988).

Q3. Consider the following statements:

1. The World Trade Report (WTR) is the annual report published by the World Economic Forum.
2. India Trade Promotion Organisation (ITPO), is the nodal agency of the Government of India under aegis of the Ministry of Commerce and Industry (India) for promoting the country's external trade.

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: (B)

Explanation:

  • The World Trade Report (WTR) is the annual report published since 2003 by the World Trade Organization.
  • India Trade Promotion Organisation (ITPO), headquartered at Pragati Maidan, (DELHI) is the nodal agency of the Government of India under aegis of Ministry of Commerce and Industry (India) for promoting country's external trade.

Q4. Which of the following is/are reasons for Urban Heat Island Formation?

1. Low albedo construction material.
2. High vehicle density
3. Bad Monsoon
4. Urban haze

Choose the correct answer using the codes given below:

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

Answer: (D)

Explanation:

Causes for Urban Heat Islands

  • Heat-trapping concrete and asphalt (which have very low albedo or low reflectivity) replace natural vegetation and water (reduced evaporation and evapotranspiration).
  • High vehicle density and a lot of heat released from their engines.
  • Bad monsoons: less evaporation of water from vegetation and soil.
  • Urban haze: The haze of air pollution that hangs over many cities can act as a miniature greenhouse layer, preventing outgoing thermal radiation (heat) from escaping from urban areas.

Q5. Which of the following brings out the World Inequality Report?

a) World Bank
b) World Economic Forum
c) World Inequality Lab
d) Oxfam International

Answer: (C)

Explanation: The report is released by Paris-based World Inequality Lab, a global research initiative.