Current Affairs MCQs for UPSC & State PSC Exams (24 March 2022)

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

Date: 24 March 2022

Q1. Consider the following statements regarding Intergovernmental Panel on Climate Change (IPCC):

1. It was set up in 1988 by the World Meteorological Organization (WMO) and United Nations Environment Programme (UNEP).
2. So far, five full assessment reports have been produced, the first one being released in 1990.
3. The latest sixth assessment report's first part came out in 2021 with the title-'Climate Change 2021: The Physical Science Basis'.

Select the correct answer using the code given below.

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

Answer: (D)

Explanation:

  • It was set up in 1988 by the World Meteorological Organization (WMO) and United Nations Environment Programme (UNEP).
  • So far, five full assessment reports have been produced, the first one being released in 1990.
  • The latest sixth assessment report's first part came out in 2021 with the title-'Climate Change 2021: The Physical Science Basis'.

Q2. Which of the following is/are correct compulsory licensing?

1. Compulsory licensing is when a government allows someone else to produce a patented product or process without the consent of the patent owner.
2. It is against the patent protection included in the WTO’s agreement on intellectual property.

Choose the correct code:

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

Answer: (A)

Explanation: Compulsory licensing is when a government allows someone else to produce a patented product or process without the consent of the patent owner or plans to use the patent-protected invention itself. It is one of the flexibilities in the field of patent protection included in the WTO’s agreement on intellectual property — the TRIPS (Trade-Related Aspects of Intellectual Property Rights) Agreement.

Q3. According to Economic survey 2021-22, with which country India has largest import of crude oil?

a) USA
b) UAE
c) Saudi Arabia
d) Iraq

Answer: (D)

Explanation: Iraq supplies 23% of India's oil, followed by Saudi Arabia at 18% and the United Arab Emirates at 11%. The U.S. share of the Indian market will rise to 8% this year.

Q4. Consider the following

1. A weaker domestic currency will make import more expensive and stimulate export.
2. India is the largest importer of crude oil in the world.

Which of the above statement is/are correct?

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

Answer: (A)

Explanation:

  • A weaker domestic currency will make import more expensive and stimulate export.
  • With the exchange rate impacted, importers would have to shell out more rupees for the same dollar value of imports than before.
  • Unless demand expands, allowing them to sell more volume, a weaker local currency eats into their profits, leaving them with lesser cash available to service loans.
  • Top Importer of oil in the world are 1.China,2.USA,3.India,4.Japan,5.South Korea.

Q5. Consider the following statements with respect to The Reserve Bank - Integrated Ombudsman Scheme:

1. It integrates the existing ombudsman scheme for banking, NBFCs and digital transactions.
2. The Scheme does not include under its ambit any Non-Scheduled Primary Co-operative Banks.

Which of the statement/s 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 Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched in November, 2021.
  • The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019.
  • In addition to integrating the three existing schemes, the Scheme also includes under its ambit Non-Scheduled Primary Co-operative Banks with a deposit size of ₹50 crore and above.

Q6. In Budget 2021-22, government has launched DESH-Stack e-portal for which of following sector?

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

Answer: (C)

Explanation: Digital Ecosystem for Skilling and Livelihood – the DESH-Stack e-portal: the government is launching an e-portal to skill, reskill and upskill citizens through online training. There will be API-based trusted skill credentials, payment and added discovery layers to find relevant jobs and entrepreneurial opportunities.

Q7. Arrange the following countries of Indian ocean from North to South.

a) 1. Agalega Island, 2. Seychelles, 3. Assumption Island, 4. Mauritius.
b) 1. Seychelles, 2. Agalega island, 3. Assumption Island, 4. Mauritius.
c) 1. Mauritius, 2. Assumption Island, 3. Seychelles, 4. Agalega Island.
d) 1. Seychelles, 2. Assumption Island, 3. Agalega Island, 4.     Mauritius.

Answer: (D)

Explanation: