Current Affairs MCQ for UPSC Exams – 20 October 2016

Q.1-Which of the following is correct regarding Regional connectivity scheme?

1. Airport Authority of India will be the implementing Agency for the Scheme.
2. The Central Government will support the RCS Scheme by levying an excise duty of only 2% on Aviation Turbine Fuel purchased.

A. 1 only
B. 2 only
C. Both
D. None

Q.2- Which of the following is correct regarding the Insolvency and Bankruptcy code,2015?

1. The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days.
2. The National Company Law Tribunal (NCLT) will adjudicate insolvency resolution for companies.
3. The Debt Recovery Tribunal (DRT) will adjudicate insolvency resolution for individuals.

A. 1,2 only
B. 2,3 only
C. 1,3 only
D. All of the above

Q.3- India and China recently conducted military exercise in which of the following state?

A. Arunachal Pradesh
B. Bihar
C. Jammu and Kashmir
D. Himachal Pradesh

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