Current Affairs MCQ for UPSC Exams - 18 July 2022

Q.1) With reference to the International Association of Insurance Supervisors consider the following statements:

1. The IAIS headquartered in Sweden.
2. It is a voluntary membership organisation of insurance supervisors and regulators.
3. Recently the International Financial Services Centres Authority has obtained their membership. 
Which of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1, 2 and 3 only
(d) 2 only

Q.2) Consider the following statements regarding to the emergency use authorization (USA):

1. Emergency use authorisation (EUA) allows the medicine or the vaccine to be used on the public.
2. In India, the regulatory authority for Vaccines and medicines is the Central Drugs Standard Control Organisation (CDSCO).
Which of the statements given above is/are correct?
(a) Neither 1 nor 2
(b) Both 1 and 2 
(c) 1 only
(d) 2 only

Q.3) Consider the following statements regarding BRICS media forum:

1. It aims to establish an efficient coordination mechanism among BRICS media and advance innovation-driven media development.
2. Also, member countries jointly combat fake news in the pandemic era.
Which of the statements given above is/are correct?
(a) Neither 1 nor 2
(b) Both 1 and 2 
(c) 1 only
(d) 2 only

Q.4) Jagriti mascot launched by 

(a) Department of Consumer Affairs
(b) Ministry of Finance 
(c) Ministry of Defence 
(d) Ministry of Women & Child Development

Q.5) Consider the following statements regarding SARFAESI Act:

1. It empowers banks and other financial institutions to directly auction residential or commercial properties that have been pledged with them to recover loans from borrowers.
2. It empowers secured creditors to enforce their security interest.
3. RBI is the sole regulator of this Act.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3 only

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