Current Affairs MCQs for UPSC & State PSC Exams (27 August 2022)

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

Date: 27 August 2022

Q1. Consider the following statements regarding renewable energy resources in India

1. As of June 2022 India’s total installed renewable energy capacity exceeds 150 GW including the large hydro.
2. India is ranked second after China in terms of total installed solar energy capacity.
3. World’s largest solar power park is established at Jubbah desert of Saudi Arabia.

Which of the statements given above is/are correct?

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

Answer: (A)

Explanation:

  • As of 2022 India’s total installed renewable energy capacity stands at 159 GW including the Large hydro
  • India is ranked 5th after China, the USA, Japan and Germany as of April 2022 with a total energy capacity of about 56 GW (operational and Non -operational but installed)
  • World’s largest solar power park is Bhadla Solar Park situated in Jodhpur Rajasthan with a capacity of 2245 MW

Q2. Which of the following Centralized Payment Systems (CPS) is/are operated by RBI:

1. Immediate Payment Service (IMPS)
2. National Electronic Funds Transfer (NEFT) system
3. Real Time Gross Settlement (RTGS) system
4. Unified Payments Interface (UPI)
5. Prepaid Payment Instruments (PPIs)

Choose the correct option:

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

Answer: (C)

Explanation:

  • Immediate Payment Service (IMPS): It is an instant payment inter-bank electronic funds transfer system in India through mobile phones. The service is available 24x7 throughout the year including bank holidays. It is operated by NPCI.
  • National Electronic Funds Transfer (NEFT) system: It is a mode of money transfer that enables one-to-one payments within India. NEFT is owned and operated by the RBI.
  • Real Time Gross Settlement (RTGS) system: These are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a "real-time" and on a "gross" basis.
  • Unified Payments Interface (UPI): It is an instant real-time payment system developed by NPCI. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. UPI is an open source application programming interface that runs on top of IMPS.
  • Prepaid Payment Instruments (PPIs): PPIs are instruments that facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, etc., against the value stored therein. Banks can issue PPIs after obtaining approval from RBI.

Q3. Which of the following technologies are used in precision farming to improve agricultural productivity?

1. Artificial intelligence
2. Big Data
3. Internet of Things (IoT)
4. Remote Sensing
5. Global Positioning System (GPS)

Choose the correct Option:

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

Answer: (D)

Explanation:

  • Some of the technologies used in precision farming are
  • Artificial intelligence (AI)
  • Internet of Things (IoT)
  • Satellite imagery
  • Drones
  • Web-GIS frameworks
  • Big Data
  • Global Positioning System (GPS)
  • Remote Sensing
  • Machine learning
  • Farm Automation/ Robots
  • Mobile Devices
  • Sensors
  • Variable Rate Technology

Q4. Consider the following statements with regard to Rohingya.

1. Rohingya Crisis is an example of state sponsored genocide against its minority.
2. India brokered a 2017 agreement between Bangladesh and Myanmar to repatriate the Rohingya.
3. Recent military takeover has deepened the crisis.

Which of the statements given above is/are correct?

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

Answer: (C)

Q5. With reference to the ‘Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)’, consider the following statements:

1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction.
2. Properties held benami are liable for confiscation by the Government.
3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism.

Which of the statements given above is/are correct?

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

Answer: (B)

Explanation:

  • A property transaction is treated as a Benami transaction even if the owner of the property is not aware of the transaction as the basic principle in the Indian legal framework is “Ignorance of the law can never be an excuse for the violation of law”.
  • The act establishes four authorities to conduct inquiries or investigations regarding benami transactions and also has provisions for an Appellate Tribunal.