Current Affairs MCQs for UPSC & State PSC Exams (28 January 2023)

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

Date: 28 January 2023

Q1. Consider the following statements with respect to Aditya L1 Mission.

1. Aditya L1 is the world’s first space mission to observe the Sun.
2. It will be launched by ISRO to the L1 orbit (which is the first Lagrangian point of the Sun-Earth system) using PSLV XL.
3. In total Aditya-L1 has seven payloads, of which the primary and largest payload is the Visible Emission Line Coronagraph (VELC).

Select the correct option-

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

Answer: (B)

Explanation:

  • Aditya-L1 mission is India’s first space mission(Not globally) to observe the Sun and the solar corona.
  • Helios 2 solar probe (a joint venture between NASA and the space agency of erstwhile West Germany), NASA’s Parker Solar Probe etc are the other space missions to study the Sun. Therefore, statement 1 is NOT correct.
  • It will be launched by ISRO to the L1 orbit (which is the first Lagrangian point of the Sun-Earth system) using PSLV XL. So statement 2 is correct.
  • In total Aditya-L1 has seven payloads, of which the primary and largest payload is the Visible Emission Line Coronagraph (VELC).
  • The satellite carries additional six payloads -Solar Ultraviolet Imaging Telescope (SUIT), Aditya Solar Wind Particle Experiment (ASPEX), Plasma Analyser Package for Aditya (PAPA), Solar Low Energy X-ray Spectrometer (SoLEXS), High Energy L1 Orbiting X-ray Spectrometer (HEL1OS) and Magnetometer.

Thus statement 3 is also correct.

Q2. Consider the following statement about India Semiconductor Mission:

1. India Semiconductor Mission (ISM) has been set up as an Independent Business Division within Digital India Corporation having administrative and financial autonomy.
2. The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystems.

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:

India Semiconductor Mission:

  • The vision of AtmaNirbharta in electronics & semiconductors was given further momentum by the Union Cabinet, chaired by the Hon’ble Prime Minister, approving the Semicon India programme with a total outlay of INR 76,000 crore for the development of semiconductor and display manufacturing ecosystem in our country. The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystem. This will serve to pave the way for India’s growing presence in the global electronics value chains. (Hence option 2 is correct)
  • India Semiconductor Mission (ISM) has been setup as an Independent Business Division within Digital India Corporation having administrative and financial autonomy to formulate and drive India’s long term strategies for developing semiconductors and display manufacturing facilities and semiconductor design ecosystem. Envisioned to be led by global experts in the Semiconductor and Display industry, ISM will serve as the nodal agency for efficient, coherent and smooth implementation of the schemes. (Hence option 1 is correct)

As all the statements are correct, the correct option is (c).

Q3. Consider the following statements:

1. An inverted duty structure (IDS) is a situation where the import duty on finished goods is lower than the import duty on intermediate products or raw materials.
2. The effective rate of protection (ERP) is defined as the percentage excess of domestic value added created because of the imposition of tariffs and non-tariff barriers.
3. Inverted Duty Structure reduces trade competitiveness in the Indian manufacturing market.

Which of the following statements is/are correct?

a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the Above

Answer: (A)

Explanation:

  • Inverted duty structure (IDS) is a situation where the import duty on finished goods is lower than the import duty on intermediate products or raw materials. Thus, statement 1 is correct.
  • Effective rate of protection (ERP) is defined as the percentage excess of domestic value added created because of the imposition of tariffs and non-tariff barriers. Thus, statement 2 is correct.
  • Inverted Duty Structure enhances trade competitiveness in the Indian manufacturing market. Thus, statement 3 is incorrect.

Q4. Under which of the following conditions does Section 69A of the IT Act empower the government to restrict access to any content?

1. Sovereignty and integrity of the country
2. Security of the state
3. Friendly relations with foreign states
4. Public order

Choose the correct answer using the code given below:

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

Answer: (D)

Explanation: Section 69A of the IT Act empowers the government to restrict access to any content in the interest of the sovereignty and integrity of the country, security of the state, friendly relations with foreign states or for public order. So, option (d) is the correct answer.

Q5. Consider the following statements about T+1 settlement Cycle:

1. The T+1 settlement cycle means that trade-related settlements must be done within a day, or 24 hours.
2. India has become the first country in the world to fully implement the ‘trade-plus-one’ (T+1) settlement cycle for investors in top listed securities.
3. It will boost operational efficiency as the rolling of funds and stocks will be faster.

Which of the above statements is/are correct?

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

Answer: (B)

Explanation:

  • The T+1 settlement cycle means that trade-related settlements must be done within a day, or 24 hours. Hence statement 1 is correct
  • India has become the first country in the world to fully implement the ‘trade-plus-one’ (T+1) settlement cycle for investors in top listed securities.
  • Aside from China which is partly under the T+1 settlement cycle, most international markets such as the US, Europe, and Japan are still under the ‘T+2’ settlement cycle. Hence statement 2 correct
  • It will boost operational efficiency as the rolling of funds and stocks will be faster. Hence statement 3 is correct