Current Affairs MCQ for UPSC Exams - 17 April 2020

Q1 Which of the following statements regarding the Unorganised Workers' Social Security Act 2008 stands true ?

1) The act provides for the constitution of National Social Security Board at the Central level which shall recommend formulation of social security schemes.
2) The State Governments are mandated to register the Unorganised Workers and to provide benefits of welfare schemes other than the three basic social security schemes of the Central Government i.e. (i) life and disability cover, (ii) health and maternity benefits, and (iii) old age protection.
3) As per provisions of Act every unorganised worker shall be eligible for registration subject to the fulfilment of the two conditions; he or she should have completed 18years of age; and a self-declaration by him or her confirming that he or she is an unorganised worker.
Options :
a) 1 & 2 only
b) 2 & 3 only 
c) 1 & 3 only 
d) all the above

Q2) Certain minerals may occur as alluvial deposits in sands of valley floors and the base of hills. These deposits are called ‘placer deposits’ and generally contain minerals, which are not corroded by water.Which of the following minerals are examples of placer deposits?

1) Gold 
2) Silver
3) Tin 
4) Platinum 
Options :
a) 1 & 2 only
b) 2 & 3 only 
c) all the above
d) 2 & 4 only 

3).Reserve Bank of India governor recently announced TLTRO 2.0 of ₹50,000 crore to ensure that different segments of financial markets such as A non-banking financial companies (NBFCs) and microfinance institutions (MFIs) to get enough liquidity. Which of the following statements regarding the same stands true ?

1) Under TLTRO scheme, the specified eligible instruments will have to be acquired up to fifty per cent from primary market issuances and the remaining fifty per cent from the secondary market.
2) Liquidity availed under the scheme by banks has to be deployed in investment grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding level of their investments in these bonds.
3) There is no maturity restriction on the specified securities to be acquired under TLTRO scheme.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q4 In a bid to financially empower tribals during the COVID-19 crisis, the Centre is planning to increase the minimum support price (MSP) of minor forest produce (MFP) by 16-30%. Which of the following statements regarding the scheme stands true ?

1) The scheme, which was launched in 2013-14, involves fixing MSP for identified MFPs collected by tribals in remote areas. These tribals then sell the MFPs in village marketplaces.
2) If the market prices fall below MSP, the state government agencies move in to procure the produce.
3) Forest products collected by tribalsin northeastern states will not be included under the scheme since they are already covered under TRIFED schemes.
Options :
a) 1 & 2 only
b) 2 & 3 only 
c) 1 & 3 only 
d) all the above

Q5 Which of the following global organisations have agreed to finance 500 million USD projects in India to help the country improve its health care systems under its crisis recovery facility ?

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