Current Affairs MCQ for UPSC Exams - 09 June 2020

Q1 The Reserve Bank of India (RBI) has proposed a comprehensive set of norms for sale of loans by banks which could be either standard or sub-standard. The move is aimed at building a robust secondary market for bank loans that could ensure proper price discovery and can be used as an indicator for impending stress. With respect to price discovery process, which of the following statements stands true ?

1) Price discovery is the overall process, whether explicit or inferred, of setting the spot price or the proper price of an asset, security, commodity, or currency.
2) Price discovery is influenced by a wide variety of factors. Among these factors are the stage of market development, its structure, security type, and information available in the market.
3) Both price discovery as well as valuation are model driven mechanisms.
Options :
a) 1 & 2 only 
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q2 Consider the following pairs of languages and the corresponding states were they are declared as official languages :

1) Khasi : Meghalaya
2) English : Nagaland
3) Urdu : Gujarat
4) Konkani : Goa
Which of the above pairs are correctly matched ?

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

Q3 Researchers at the Indian Institute of Technology Madras have identified a specific microRNA (miRNAs) called ‘miR-155’ that is over-expressed in tongue cancer. Which of the following statements regarding the same stands true ?

1) MicroRNAs (miRNAs) are long coding RNAs containing 50–54 nucleotides that participate in virtually all biological pathways in animals.
2)  They have been found to play important roles in many cancers, in carcinogenesis (start of cancer), malignant transformation and metastasis — the development of secondary cancer.The miRNAs associated with cancer are called ‘Oncomirs’.”
3) Many of the Oncomirs affect cancer by suppressing the performance of tumour-suppressing agents. Some of them can prevent the growth and spread of cancer cells and yet others prevent tumour growth itself.
Options :
a) 1 & 2 only 
b) 2 & 3 only 
c) 1 & 3 only 
d) all the above

Q4 Lieutenant-Governor (L-G) has recently overruled the Delhi govt. order to restrict COVID-19 treatment. With respect powers of the Lieutenant-Governor of Delhi and other UTs, which of the following statements stands true ?

1) The powers of the LG of Puducherry are different from the ones of the LG of Delhi, the other UT that has an elected legislature and government.
2) The LG of Delhi has “Executive Functions” that allow him to exercise his powers in matters connected to public order, police and land “in consultation with the Chief Minister, if it is so provided under any order issued by the President under Article 239 of the Constitution.
3) In case of a difference of opinion between the LG and his Ministers on any matter, the Administrator is bound to refer it to the President for a decision and act according to the decision given by the President. However, the Administrator can also claim that the matter is urgent, and take immediate action as he deems necessary.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q5 The Indian economy is expected to contract by 3.2% in this fiscal year............

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