Current Affairs MCQs for UPSC & State PSC Exams (26 May 2023)

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

Date: 26 May 2023

Q1. With reference to the G-7 summit, consider the following statements:

1. The Group of Seven (G7) is an intergovernmental political forum consisting of major economies of the world such as the United States and China.
2. The recent G-7 summit held in Hiroshima aimed to promote global solidarity for peace and issued a special "Hiroshima Vision Statement on Nuclear Disarmament."

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: (B)

Explanation:

  • The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. China is not a member. Thus, statement 1 is incorrect.
  • The G-7 summit held in Hiroshima aimed to promote global solidarity for peace and issued the "Hiroshima Vision Statement on Nuclear Disarmament." Thus, statement 2 is correct.

Thus, option (b) is the correct answer.

Q2. Consider the following statements:

1. The World Health Assembly is the main decision-making body of WHO and is comprised of 194 Member States.
2. The Seventy-sixth World Health Assembly of WHO is being held in Geneva, Switzerland and the theme of this year’s Health Assembly is: WHO at 75: Saving lives, driving health for all.

Which of the statement/s given above is/are correct?

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

Answer: (C)

Explanation:

  • The World Health Assembly is the main decision-making body of WHO and is comprised of 194 Member States. (Statement 1 is correct).
  • Every year, generally in May, delegates from all Member States come together to agree on the Organization’s priorities and policies.
  • The Seventy-sixth World Health Assembly is being held in Geneva, Switzerland, on 21–30 May 2023.
  • The theme of this year’s Health Assembly is: WHO at 75: Saving lives, driving health for all. (Statement 2 is correct).

Both the statements are correct so correct option is (c)

Q3. Consider the following statements about Green Bond:

1. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.
2. These bonds are typically asset-linked and backed by the issuing entity’s balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations.

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: (C)

Explanation:

What Is a Green Bond?

  • A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. (Hence statement 1 is correct).
  • These bonds are typically asset-linked and backed by the issuing entity’s balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations. (Hence statement 2 is correct).
  • Dating back to the first decade of the 21st century, green bonds are sometimes referred to as climate bonds, but the two terms are not always synonymous.
  • Climate bonds specifically finance projects that reduce carbon emissions or alleviate the effects of climate change, while green bonds represent a broader category of instruments related to projects with a positive environmental impact.

As both the statements are correct, the correct option is (C).

Q4. Consider the following statements:

1. Renewable electricity sources are always more efficient than fossil-based sources like gas and coal.
2. Renewable power plants, such as wind farms and solar plants, have shorter lifespans compared to traditional power plants.

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: (B)

Explanation:

  • Renewable electricity sources, such as solar and wind, face efficiency limitations compared to fossil-based sources like gas and coal.
  • The relatively lower efficiency of renewable power plants, where a 100 MW solar plant generates an average of 20 MW of electricity, hinders the broader adoption of renewable energy. Comparatively, gas or coal-based power plants can generate 80 MW. Thus, statement 1 is incorrect.
  • Renewable power plants, such as wind farms and solar concentrated/photovoltaic plants, have shorter lifespans compared to traditional power plants. Thus, statement 2 is correct.