Current Affairs MCQs for UPSC & State PSC Exams (23 April 2022)

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

Date: 23 April 2022

Q1. Consider the following statements:

1. China has been the first economy in the world to launch its nationwide CBDC.
2. CBDCs promote financial inclusion and simplify the implementation of monetary and fiscal policy.

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

a) 1 only
b) 2 only
c) 1 and 2
d) None of these

Answer: (B)

Explanation:

  • Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar.
  • CBDCs promote financial inclusion and simplify the implementation of monetary and fiscal policy.

Q2. The government has launched SANKALP and STRIVE programme for which of following sector?

a) Health
b) Education
c) Skilling
d) Sanitation

Answer: (C)

Explanation: Cabinet Committee on Economic Affairs has approved two new schemes: Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) and Skill Strengthening for Industrial Value Enhancement (STRIVE) to boost the Skill India Mission. Both are central sector with half of the scheme outlay as loan assistance from the World Bank.

Q3. Consider the following statements about draft battery swapping policy.

1. Any individual or entity is free to set up a battery swapping station at any location provided they adhere to all norms and conditions.
2. Vehicles with swappable batteries will be sold without a battery.

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: Some of the key proposals of draft battery swapping policy

  • Vehicles with swappable batteries will be sold without a battery, providing the benefit of lower purchase costs to potential EV owners.
  • Any individual or entity is free to set up a battery swapping station at any location, provided that the specified technical, safety and performance standards are adhered to.
  • Set up battery swapping stations at locations like retail fuel stations, public parking areas, malls, etc.

Q4. Consider the definition of Enterprises engaged in the MSME sector:

1. Micro-enterprise: where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
2. Small enterprise: where the investment in Plant and Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
3. Medium enterprise: where the investment in Plant and Machinery or Equipment does not exceed twenty crore rupees and turnover does not exceed hundred crore rupees.

Choose the correct option:

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

Answer: (A)

Explanation: MSMED Act ,2006

The Government of India enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 . criteria for enterprises is as under:

  1. Micro-enterprise -where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
  2. Small enterprise-where the investment in Plant and Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
  3. Medium enterprise - where the investment in Plant and Machinery or Equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

Hence, the third statement is incorrect.

Q5. Consider the following statements regarding Production-Linked Incentive (PLI) scheme:

1. It was introduced as a part of the National Policy on Electronics by the IT Ministry to give incentives of 4-6% to thirteen sectors selected under the Scheme.
2. Government has sanctioned around Rs. 5 lakh crores for the implementation of the scheme.

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: (A)

Explanation:

  • It was introduced as a part of the National Policy on Electronics by the IT Ministry to give incentives of 4-6% to thirteen sectors Selected under the Scheme.
  • Government has sanctioned around Rs. 1.97 lakh crores for the implementation of the scheme.

Q6. Consider the following statements

1. RBI was formed on the recommendations of Hilton and Young Commission
2. The 1st phase of nationalisation of bank happened under Ms Indira Gandhi Government

Which of the following are correct

A) 1 only
B) 2 only
C) Both
D) None

Answer: (C)

Explanation:

  • RBI was formed through RBI Act of 1934 on the recommendations of Hilton and Young Commission
  • For the 1st time Banks were nationalised in 1969.

Q7. Consider the following statements:

1. Hindus in Hindu Marriage Act does not include Sikhs
2. Leprosy, can be one of the ground for divorce under Hindu Marriage Act
3. Supreme Court in Joseph Shine Judgment concluded that the State cannot exercise authority in a person’s private affairs.

Which of the above statements are incorrect?

a. 1 ONLY
b. 1 AND 2 ONLY
c. ALL OF THE ABOVE
d. 1 AND 3 ONLY

Answer: (B)

Explanation:

  • Hindus in Hindu Marriage Act also includes Buddhists, Sikhs, Jains and also those who are not Muslims, Christians, Parsis or Jews by religion.
  • Leprosy has been removed as a ground of divorce in Personal Laws (Amendment) Act, 2019.