Current Affairs MCQ for UPSC Exams - 11 March 2020

Current Affairs MCQ for UPSC Exams - 11 March 2020

Q1. Last week, China, India, the African Group and African, Caribbean and Pacific Group of States insisted that WTO’s priority should be to address the final bound AMS beyond de minimis. Which of the following statements regarding the same stands true ?

1) As per the WTO provision, AMS is a trade distorting subsidy. Since it distorts trade by directly influencing production and price in an economy, the AMS is categorized as a ‘reducible’, ‘non permissible’ or ‘non-exempted’ subsidy.
2) The Aggregate Measurement of Support consists of two parts—product-specific subsidies and non-product specific subsidies. Developed countries like U.S,EU etc. gives out mainly non-product specific subsidies to its producers.
3) As per the WTO norms, the AMS can be given up to 10 % of a country’s agricultural GDP in the case of developing countries. On the other hand, the limit is 5% for a developed economy. This limit is called de minimis level of support.

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

Q2. India has met the target of eight crore LPG connections under the Pradhan Mantri Ujjwala Yojana in 2019.While based on the recent findings by the parliamentary committee, which of the following are the three states that has been declared ‘kerosene-free’ ?

1) Kerala
2) Punjab
3) Haryana
4) Odisha
5) Andhra Pradesh

a) 1,2 & 3 only
b) 2,3 & 5 only
c) 1,4 & 5 only
d) all of the above

Q3. Which of the following statements regarding the recently published report on women and their role in financial decisions stands true ?

1) Indian women are actively saving and taking charge of their money, with a whopping 68 per cent either managing their own finances or having an equal say in their families' financial decisions.
2) Breaking other commonly-held misconceptions and stereotypes, the survey found that women are actively embracing independence in personal finance matters, aided by ease of access to such information through digital channels.
3) With a growing and active appreciation for 'owning their money', a majority 64 per cent respondents said they would like to advise their younger self to start investing early and make it their business to understand personal finance and investing.

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

Q4. Consider the following statements :

1) Sir Creek is a 96-km strip of water disputed between India and Pakistan in the Rann of Kutch marshlands. Originally named Ban Ganga, Sir Creek is named after a British representative.
2) The Creek opens up in the Arabian Sea and roughly divides the Kathiawar region of Gujarat from the Baluch Province of Pakistan.
3) Apart from the strategic location, Sir Creek’s core importance is fishing resources. Sir Creek is considered to be among the largest fishing grounds in Asia.

Which of the above statements are true ?
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q5. “Fagu Purnima” festival which is the other name for Holi is being celebrated in which of the following countries ?

a) India
b) Pakistan
c) Nepal
d) Srilanka

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