Current Affairs MCQs for UPSC & State PSC Exams (29 December 2021)

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

Date: 29 December 2021

Q1. Consider the following statements, with respect to Geographical Indication Tag

1. GI is governed by the WTO's TRIPS agreement.
2. The first product in India to be accorded with GI tag was Darjeeling tea in the year 2004-05.
3. The registration of a geographical indication is valid for a period of 20 years.

Which of the statements given above is/are incorrect?

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

Answer: (D)

Q2. Consider the following statements regarding Harmonized system of Nomenclature (HSN):

1. It aims to classify goods from all over the world in a systematic and logical manner.
2. It’s developed by WTO.
3. India has already been using HSN system since 1986

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

a. 1 only
b. 2 and 3 only
c. 1 and 3 only
d. All of the above

Answer: (C)

Q3. Consider the following statement about Non-Performing Assets.:

1. A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 180 days.
2. Some are macroeconomic factors such as lower exports due to global recession, downturn in commodity price cycles, etc. are the reason for rising NPAs.

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

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

Answer: (B)

Q4. With reference to the difference between public goods and private goods, consider the following elements:

1. The benefits of public goods are not limited to one particular consumer, as in the case of private goods, but become available to all.
2. In case of public goods, there is no feasible way of excluding anyone from enjoying the benefits of the good (they are non-excludable), unlike private goods.

Which of the above elements is/are correct?

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

Answer: (C)

Q5. With reference to the recently released ‘The Healthy States, Progressive India’, consider the following elements:

1. It is compiled by the NITI Aayog, Union health ministry and the World Bank.
2. The health index of a state is a weighted composite score incorporating 24 indicators in three domains — health outcomes, governance and information, and key inputs and processes.

Which of the above elements is/are correct?

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

Answer: (C)

Q6. With reference to the financial relations between centre and state, consider the following elements:

1. Article 268 to 293 deals with the provisions of financial relations between Centre and States.
2. The residuary power of taxation lies with both state legislature and Parliament.

Which of the above elements is/are correct?

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

Answer: (A)