Current Affairs MCQ for UPSC Exams - 31 October 2019

Q1. Consider the following statements regarding the current taxation scenario in the country :

1) In the biggest reduction in 28 years, the government cut corporate tax rates by almost 10 percentage points as it looks to pull the economy out of a six-year low growth of 5 per cent recorded during the first quarter of the current fiscal.
2) The government plans to gradually increase its spending in social security by increasing tax burden on lower income earners.
3) The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10 and has since stabilised at around 55 per cent last year.

Which of the above statements stands true ?

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

Q2. There are no iron and steel industries in UP, Gujarat, Rajasthan and Haryana. Which of the following are the main factors which influences the location of industries in India ?

1) Access to raw materials
2) Political stability
3) Power
4) Soil profile
5) Capital and labour

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

Q3. Which of the following statements with respect to a latest study describing climate change and sea level rise stands true ?

1) By 2050, without dramatic reductions in greenhouse gas emissions, at least 300 million people across the world, that is more than three times the currently accepted number of 80 million, will be at risk of annual coastal flooding.
2) The largest concentration of at risk population is six Asian countries—China, Bangladesh, India, Vietnam, Indonesia and Thailand—where approximately 237 million live in coastal areas.
3) The IPCC special report on oceans and the cryosphere concluded that extreme sea-level events, such as surges from tropical cyclones, that are currently historically rare will become common by 2100 under all emissions scenarios due to increasing global mean sea level rise.

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

Q4. PFRDA in its endeavour to promote and develop NPS has taken several initiatives towards increasing the pension coverage in the country, the latest addition being the inclusion of Overseas citizen of India (OCI’s) into the NPS.Which of the following statements regarding the same stands true ?

1) OCI may subscribe to NPS provided such person is eligible to invest as per the provisions of the PFRDA Act and the accumulated saving will be repatriable, subject to Foreign Exchange Management Act guidelines.
2) Overseas Citizens of India (OCI) will now be eligible to apply for the National Pension System at par with Non Resident Indians (NRIs).
3) Now, any Indian citizen, resident or non-resident and OCIs are eligible to join NPS till the age of 60 years.

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

Q5. The World Cities Day (WCD) is being celebrated to promote the international community’s interest in global urbanization. It also intends to address the challenges of urbanization and to contribute to sustainable urban development around the world.

Which of the following global organisations organises the programme?

a) WTO
b) United Nations
c) IPCC
d) International Monetary Fund

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Answer :

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