Current Affairs MCQ for UPSC Exams - 08 November 2019

Q1. The central government had recently announced an AIF( Alternate Investment Fund) of 25000cr to boost the real estate sector. Which of the following statements regarding the same stands true ?

1) The real estate sector is not only one of the biggest provider of jobs but also has a huge multiplier effect in the economy. Industries ranging from cement and steel to paints and sanitaryware stand to reap the benefits of a healthy real estate sector.
2) An alternative investment is a financial asset that does not fall into one of the conventional investment categories. Conventional categories include stocks, bonds, and cash.
3) AIFs are seen as private investment funds, and are available through IPOs or other forms of a public issue which are applicable to Collective Investment Schemes and Mutual Funds that are registered with SEBI.

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q2. India is a winter home for numerous species of birds from other region of the world. These beautiful birds migrate to India every year during the winter and summer season for food, breeding and nesting.

Which of the following can be categorised under these migratory species of birds ?

1) Siberian crane
2) Gould’s sunbird
3) Blue throat
4) Rosy starling
5) Sarus crane

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

Q3. One of the most important reforms in the economy post- independence was the demonetisation of currencies that took place in November 2016. When the economy moves on to the third anniversary of the reforms, which of the following statements stands true ?

1) Three years since demonetisation, the level of cash with the public has grown faster than the GDP growth of the country.
2) The value of transactions made through the four most popular modes — UPI, debit cards, mobile banking, and prepaid instruments has seen robust growth in these 3 year period.
3) The best performing of these instruments is clearly the debit cards which has overtaken the UPI in terms of volume of transactions and is swiftly catching up with them in terms of value of transactions as well.

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q4. Which of the following statements regarding the recently released India Justice Report (IJR) stands true ?

1) The report finds that the country’s capacity to deliver justice has serious deficits with under-capacity and gender imbalance plaguing the three pillars (police, prisons and judiciary) and a funding crunch affecting state services like free legal aid.
2) The legal aid system mandates that 80% of the Indian population is eligible to avail free legal services. But unfortunately, from the 1.25 billion population, only 15 million have been able to avail its benefit since 1995 as per the report.
3) Karnataka, Uttarakhand and Punjab are top performers among large states on their capacity to deliver justice, while Goa, Sikkim and Himachal Pradesh take the honours among smaller states.

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q5. The “Fordow” nuclear power plant recently in news is located in which of the following countries of West Asia ?

a) Iraq
b) Israel
c) Iran
d) Egypt

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Answer :

1. (a) 2. (b) 3. (a) 4. (a) 5.(c)