Current Affairs MCQ for UPSC Exams - 1 March 2018

Q1. The Financial Action Task Force (FATF) is an initiative of:

a) SAARC
b) IMF
c) BRICS
d) G7 countries

Q2. Consider the following statements:

i) GNP=GDP + Net factor income from abroad
ii) Net National Product at factor cost is “National Income”
iii) National Disposable Income=Net National product at market prices + other current transfers from the rest of the world.

Which of the statements given above is/are correct?

a) i and ii only
b) ii and iii only
c) i, ii and iii.
d) i and iii

Q3. A person cannot be a member of both the parliament and the state legislature at the same time. If a person is so elected, then within how many days he has to resign his seat in state legislature so that his seat in parliament become vacant?

a) 30 days
b) 14 days
c) 60 days
d) 28 days

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Answer:

1 (d), 2 (c), 3 (b)