Current Affairs MCQ for UPSC Exams - 11 MARCH 2019

Q1. The RBI has fined Indian banks for not complying with SWIFT (Society for Worldwide Interbank Financial Telecommunications) operating standards proposed by the central bank.

Which of the following statements regarding SWIFT are true ?
1) It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
2) Aimed at services around financial crime compliance, SWIFT offers reporting and utilities like Know Your Customer (KYC), Sanctions, and Anti-Money Laundering (AML).
3) Almost all the public sector banks have their core banking systems(CBS) linked to the SWIFT.

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

Q2. Consider the following pairs of newly approved power projects and their locations :

1) Teesta stage-VI : West Bengal
2) Buxar thermal project : Bihar
3) Khurja power project : Himachal Pradesh
4) Kiruproject : Jammu & Kashmir

Which of the above pairs are correctly matched ?

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

Q3. Consider the following statements with respect to the draft ‘Hydro power policy’ unveiled by the central government :

1) Under the new policy, 10% of the plant's capacity will be given free to the state where the hydroelectric plant is located from the 10th year of its operation.
2) To encourage private investment further, the government has agreed to provide Budgetary support to create infrastructure like roads and bridges necessary for establishing the plant.
3) But the Central Electricity Regulatory Commission does not allow inclusion of cost incurred on building roads and bridges in pricing of power, thus making it unattractive for private developers to venture into such projects.

Which of the above statements are true ?

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

Q4. Which of the following statements regarding the newly launched National Mission on Transformative Mobility and Storage are true ?

1) The Mission will lay down the strategy and roadmap which will enable India to leverage upon its size and scale to develop a competitive domestic manufacturing ecosystem for electric mobility.
2) These solutions will help improve air quality in cities along with reducing India’s oil import dependence and enhance the uptake of renewable energy and storage solutions.
3) The actions in this regard will benefit all citizens as the aim is to promote ‘Ease of Living’ and enhance the quality of life of our citizens and also provide employment opportunities through ‘Make-in-India’ across a range of skillsets.

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

Q5. Which of the following Indian freedom struggle personalities have authored the book “The Caste System “ :

a) Mahatma Gandhi
b) Ram ManoharLohiya
c) B.R.Ambedkar
d) N.M Joshi

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ANSWER:

1(a), 2(c), 3(d), 4(d), 5(b)