Current Affairs MCQ for UPSC Exams - 05 November 2020

Q.1) 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

Q.2) Which of the following option is not correct regarding Insolvency Bankruptcy Code? 

(a) It provides a comprehensive legal framework for time-bound insolvency resolution process and liquidation.

(b) It is regulated by the Ministry of Finance through the Insolvency and Bankruptcy Board of India.

(c) It takes into consideration of all kinds of creditors: both financial and operational; secured and the unsecured.

(d) IBC specifically permits ARCs registered with RBI to act as RAs and submit resolution plans.

Q.3) Consider the following statements regarding the Narcotics Drugs and Psychotropic Substances (NDPS) Act.

1. The Act extends to the whole of India and applies also to all Indian citizens outside India and to all persons on ships and aircraft registered in India.
2. The majority judgment of the Supreme Court ruled that statements recorded by officers under the NDPS Act cannot be treated as confessions.
3. The court also held that when a reference is made to “police officers”, it does not only mean a police officer belonging to a state police force but includes officers who may belong to other departments.
Which of the statements given above is/are correct?

(a) 1 and 3 only

(b) 2 and 3 only

(c) 1,2 and 3only

(d) 2 only

Q.4) Which of the following United State has got their new flag recently?

(a) Texas

(b) Mississippi 

(c) Georgia

(d) Indiana 

Q.5) Consider the following statements regarding Prasar Bharati:

1. Prasar Bharati is India's largest public broadcasting agency.
2. Recently Prasar Bharati signs MoU with IT Ministry to launch 51 education TV channels.
Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

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