Current Affairs MCQ for UPSC Exams - 10 June 2020

Q1 India has decided to set up a coal trading platform, taking a giant leap towards completely throwing open the sector to market forces as the country gears up for commercial coal mining auctions, which will increase the number of sellers of coal. Which of the following statements with respect to the platform stands true ?

1) As per the proposal, entire coal produced in the country will be traded on a ‘Coal Exchange,’ an online platform where pricing is determined transparently through demand and supply.
2) This is being done to increase production of coal in India and reduce its dependence of imported coal. India holding third largest coal reserves in the world is still importing coal.
3) Though India opens the coal sector to market access through the platform, Coal India will remain the dominant player in the coal sector. This is mainly because of its fixed target and allocated coal production of 1 billion tonnes by 2024.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q2 The Inter-Parliamentary Alliance on China was recently formed whichis an international, cross-party alliance of parliamentarians from democratic countries focused on relations with the People's Republic of China.Which of the following countries constitutes the alliance ?

1) India
2) North Korea
3) United states
4) Japan
5) Germany
Options :
a) 1 ,2 & 3 only
b) 2,4 & 5 only
c) 3,4 & 5 only
d) all the above

Q3 1) The country’s job situation was sobering with unemployment rate increasing from 5.8% in previous financial year to 6.1% in current year.

2) The labour force participation rate (LFPR) during 2018-19 rose to 37.5 per cent as compared to 36.9 per cent a year ago said the Periodic Labour Force Survey (PLFS).
3) While the unemployment rate refers to the percentage of persons unemployed among the persons in the labour force, the LFPR is defined as labour force (working or seeking or available for work) in the population.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q4 The RBI has announced the creation of a Payments Infrastructure Development Fund (PIDF) with an initial contribution of ₹250 crore recently. Which of the following statements regarding the same stands true?

1) It is created to encourage the adoption of Points of Sale (PoS) machines by businesses in tier-3 to Tier-6 centres and Northeastern States.
2) It will be managed and administered by the Financial Stability and Development Council chaired by the union finance minister.
3) Most of the POS terminals in the country are concentrated in tier-1 and tier-2 cities and towns only and hence it was recommended by the NandanNilekani committee on ‘deepening of digital payments’.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above