Current Affairs MCQs for UPSC & State PSC Exams (21 July 2022)

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

Date: 21 July 2022

Q1. What are the likely impacts of the devaluation of a Currency?

1. Improvement in the competitiveness of the domestic exports.
2. Imports become expensive.
3. Improvement in the trade balance

Which of the above statements is/are correct?

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

Answer: (A)

Explanation: The impact of currency devaluation includes:

  • Exports become cheaper to foreign customers.
  • Imports become expensive.
  • A devaluation tends to cause inflation.
  • The competitiveness of domestic exports improves in the foreign markets.

Q2. Which of the following have been defined as an ‘intermediary’ under Information Technology Act, 2000?

1. Network service providers
2. Telecom service providers
3. Online payment sites
4. Online marketplaces
5. Cybercafes

Choose the correct answer using the code given below:

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

Answer: (D)

Explanation:

  • The term ‘Intermediary’ is defined in broad terms in the Information Technology Act, 2000. Section 2(1)(w) of the Information Technology Act 2000 defines an intermediary as a person who receives, stores or transmits any electronic record and provides any service relating to such record on the behalf of another person.
  • Intermediary includes network service providers, telecom service providers, internet service providers, search engines, web-hosting service providers, online auction sites, online payment sites, online marketplaces, and cyber cafes.

Q3. Student READY Scheme, ARYA Project are related to which of the following sectors?

A) Education
B) Health
C) Farming
D) National Security

Answer: (C)

Explanation:

  • Student READY Scheme is to give business experience to students of Agriculture University.
  • ARYA Project is for keeping the rural youth engaged in the Agriculture sector.

Q4. Consider the following statements:

1. The CrPC does not define the word bail but only categories offenses under the Indian Penal Code as ‘bailable’ and ‘non-bailable’.
2. The CrPC empowers Magistrates to grant bail for bailable and nonbailable offenses as a matter of right.

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:

  • The CrPC does not define the word bail but only categories offenses under the Indian Penal Code as ‘bailable’ and ‘non-bailable’.
  • The CrPC empowers Magistrates to grant bail for bailable offenses as a matter of right.
  • Non-bailable offenses are very serious offenses. These are offenses under which bail is not granted usually except in certain exceptional circumstances. In non-bailable offenses, bail is not considered the right of the accused.

Q5. Consider the following statements about the Primary Agricultural Cooperative Societies:

1) PACS are the ground-level cooperative credit institutions that provide long-term, agricultural loans to the farmers for the various agricultural and farming activities.
2) The first Primary Agricultural Credit Society (PACS) was formed in the year 1904.

Which of the above statement(s) is/ are correct?

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

Answer: (B)

Explanation:

  • PACS are the ground-level cooperative credit institutions that provide short-term, and medium-term agricultural loans to the farmers for the various agricultural and farming activities.
  • The first Primary Agricultural Credit Society (PACS) was formed in the year 1904.