Current Affairs MCQ for UPSC Exams - 06 September 2020

Current Affairs MCQ for UPSC Exams - 06 September 2020

Q1. The RBI on Saturday came up with revised long format audit report (LFAR) norms with a view to improving the efficacy of internal audit and risk management systems. Which of the following statements regarding the same stands true ?

1) The LFAR, which applies to statutory central auditors (SCA) and branch auditors of banks, has been updated keeping in view the large scale changes in the size, complexities, business model and risks in banking operations.
2) The LFAR should be placed before the Audit Committee of Board and Local Advisory Board of the bank indicating the action taken or proposed to be taken for rectification of the irregularities.
3) Under the new norms, the banks would be required to send a copy the LFAR and the relative agenda note, together with the Board’s views or directions, to the Reserve Bank within 10 days of submission of the LFAR by the statutory auditors.

Options :

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

Q2. The World Health Organization recently recommended the use of steroid drugs to treat COVID-19. Which of the following can be regarded as natural steroids ?

1) Androgen
2) Vitamin A
3) Estrogen
4) Vitamin D 

Options :

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

Q3. The Start-Up Village Entrepreneurship Programme (SVEP) is propelling enterprises in rural areas and building rural entrepreneurs and has extended business support services and capital infusion to 153 blocks of 23 States. Which of the following statements regarding the same stands true ?

1) The Startup Village Entrepreneurship Program is a sub component of DeendayalAntyodayaYojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development.
2) SVEP focusses on providing self-employment opportunities with financial assistance and training in business management and soft skills while creating local community cadres for promotion of enterprises.
3) As of August 2020, around one lakh enterprises are being supported out of which 75 per cent are owned and managed by women.

Options :

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

Q4. Consider the following statements :

1) Many small birds have larger relative brain sizes. This helps them to survive harsh seasonal changes and unpredictable habitats.
2) Climate does not play any role in shaping the global distribution of brain size in birds.
3) Large-brained birds subsequently colonised variable environments. Thus, corvids, owls and woodpeckers could colonise highly variable environments.

Which of the above statements stands true ?

Options :

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

Q5. The trial run of the newly opened inland river route from Daudkandi in Bangladesh to Sonamura was successfully completed recently.Sonamura is a place is which of the following Indian states ?

a) West Bengal
b) Tripura
c) Assam
d) Mizoram
 

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