Current Affairs MCQs for UPSC & State PSC Exams (22 February 2022)

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

Date: 22 February 2022

Q1. Consider the following statements about Dark matter:

1. Dark matter is a form of matter thought to account for approximately 85% of the matter in the universe
2. Dark matter is visible to human eyes with the help of optical telescope.

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)

Explanation:

  • Dark matter is a hypothetical form of matter thought to account for approximately 85% of the matter in the universe.
  • Dark matter which interacts with the rest of the universe only through the gravitational pull.

Q2. Which of the following organization publish GDP Estimates in India?

a) National Statistical Office
b) National Sample Survey Office
c) Central Statistical Office
d) Office of Economic Adviser

Answer: (A)

Explanation: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) of 2021-22 (Q2 2021-22), both at Constant (2011-12) and Current Prices.

Q3. Which of the following statement is/are correct-

1. USA is India's Second largest trading partner after China.
2. India has trade surplus with USA along with UAE.

Select the correct answer using the code given below.

(A) 1 Only
(B) 2 Only
(C) 1 and 2 both
(D) Neither 1 nor 2

Answer: (D)

Explanation:

  • The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021.
  • Data collated by the commerce department showed that during January-September, two-way trade between India and the US jumped 50% to $28 billion. (Statement 1 is incorrect)
  • India has a trade surplus with the USA and a trade deficit with the UAE. (Statement 2 is also incorrect)

Q4. Consider the following statements regarding fertilizer industry of India:

1. India is the 2nd largest consumer of Urea fertilizers after the USA.
2. India meets 85 percent of its urea requirement through indigenous production but depends heavily on imports for its phosphate and potash (P & K) fertilizer requirements.

Select the correct answer using the code given below.

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

Answer: (B)

Explanation:

  • India is the 2nd largest consumer of Urea fertilizers after China.
  • India meets 85 percent of its urea requirement through indigenous production but depends heavily on imports for its phosphate and potash (P & K) fertilizer requirements.

Q5. Consider the following statements:

1. The credit rating agencies in India are regulated by RBI (Reserve Bank of India).
2. Credit ratings and credit scores are similar things used for a company's performance evaluation.

Select the correct statements:

A. 1 only
B. 2only
C. Both are correct
D. Both are incorrect

Answer: (D)

Explanation: All the credit rating agencies in India are regulated by Securities and Exchanges Board of India (SEBI). The credit rating agencies are monitored and reviewed by SEBI.

A credit rating is given to a company, organisation or a government body by calculating its ability to repay the debt and to predict the likelihood of default. On the other hand, a credit score is given to an individual after taking a look at his credit history and repayment behaviour.

Q6. Baal Swaraj Portal has been created in order to

A) Sensitize children about their political rights
B) Provide aid to children who lost one or both the parents due to covid
C) Educate the children
D) Track and find the children who have been separated from their parents

Answer: (B)

Explanation: Baal Swaraj-COVID-Care portal is aimed at tracking the children affected by COVID-19 right from the production of children before the Child Welfare Committee (CWC) to the restoration of the children to their parent/guardian/relative and its subsequent follow-up.

This portal of the Commission has been created with a purpose for online tracking and digital real time monitoring mechanism of children who are in need of care and protection. The Commission has extended the use of this portal for tracking children who have lost both its parents or either of the parent during COVID-19 and provided a link under the name of “COVID-Care” for uploading of data of such children by the concerned officer/department on the portal

Q7. Consider the following statements regarding “World Tariff Profiles”

1. It is a statistical yearbook that provides comprehensive information on the tariffs and non-tariff measures imposed by WTO members only.
2. It is published by WTO only.
3. It states that India has one of the highest average tariffs in the Asia-Pacific region.

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

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

Answer: (D)

Explanation:

  • World Tariff Profiles – a statistical yearbook that provides comprehensive information on the tariffs and non-tariff measures imposed by WTO members and other economies.
  • It is a joint publication of the WTO, the International Trade Centre and the United Nations Conference on Trade and Development (UNCTAD).
  • As per it, India has one of the highest average tariffs of 15% in the Asia-Pacific region.