Current Affairs MCQ for UPSC Exams - 07 July 2020

Q1. With respect to MGNREGA’s annual work limit, which of the following statements from the central government’s recent data stands true?

1) With almost 60,000 households which have completed 100 days of work, Bihar has the highest rate among States according to central scheme data, followed by Andhra Pradesh with almost 24,500 households in this category.
2) The MGNREGA scheme contains a provision for districts affected by drought or other natural disasters to request an expansion of the scheme to allow for 150 days of work per household.
3) Moreover, the current wage rate of ₹200 per day does not match up to minimum wage rates in most States.

Options :

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

Q2. Which of the following historical monuments administered by the central government and their corresponding location states are correctly matched?

1) Orchha : Madhya Pradesh
2) Jehangirmahal :Odisha
3) Basavannahtemple : Andhra Pradesh
4) Chapel of St.Catherine : Maharashtra
5) Clive’s house : Chennai

Options :

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

Q3. With respect to the International Financial Services Centres Authority, which of the following statements stands true ?

1) The central government has established International Financial Services Centres Authority to regulate all financial services in International Financial Services Centres (IFSCs) with headquarters in Ahmedabad (Gujarat).
2) The main function of the authority is to regulate financial products such as securities, deposits or contracts of insurance, financial services, and financial institutions that have been previously approved by any appropriate regulator in an IFSC.
3) Apart from the chairman, the IFSCA will have a member each nominated from RBI, SEBI, IRDAI, PFRDA and two members from the Centre.

Options :

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

Q4. The Government and the World Bank today signed a 750 million US dollar agreement for the MSME Emergency Response Programme. Which of the following statements regarding the same stands true ?

1) The World Bank’s MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current shock and protect millions of jobs.
2) The World Bank Group, including its private sector arm - the International Finance Corporation will support the government’s initiatives to protect the MSME sector by unlocking liquidity and NBFCs and Small Finance Banks.
3) After this agreement, India becomes the first country to receive funds from World Bank exclusivelyfor MSME revival.

Options :

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

Q5. The SDG index frames the implementation of 17 SDG goals among UN member states in terms of six broad transformations- education and skills, health and wellbeing, clean energy and industry, sustainable land use, sustainable cities, and digital technologies. Which of the following countries topped the SGD2020 index recently?

Options :

a) Norway
b) Sweden
c) Bangladesh
d) Belgium

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