Current Affairs MCQ for UPSC Exams - 13 August 2019

Current Affairs MCQ for UPSC Exams - 13 August 2019

Q1. Which of the followings statements regarding the CPSE ETF’s(Exchange traded funds) stands true ?

1) The ETF was launched by the government in March 2014 to help divest its stake in select public sector undertakings through the ETF route.
2) The ETF is based on the Nifty CPSE index that comprises 11 PSEs but they do not get to hold stake in the so-called Maharatna, Navaratna and the Miniratna — that have a strong dividend-paying track record.
3) While investors get an opportunity to diversify their portfolio through a single ETF, it also has the added advantage of an upfront discount that investors get if invested at the time of the further fund offering or fresh fund offering (FFO).

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

Q2. As per census 2011 data, which of the following states in India have literacy rates above 80 percentage ?

1) Kerala
2) Andhra Pradesh
3) Haryana
4) Mizoram
5) Maharashtra

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

Q3. Consider the following statements :

1) A change in irrigation policy has the potential to shift monsoon rainfall and intensify extreme rainfall in India through its feedback to atmosphere.
2) There is uncontrolled irrigation in India. And nearly 50% of crop area is covered by paddy where the fields are kept in submerged conditions.
3) Researchers have found that as a result of excess irrigation over northern India, the summer monsoon rainfall in September shifts towards the northwestern part of the country.
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 recently introduced Chit Funds (Amendment) Bill, 2019 stands true ?

1) The Bill seeks to amend the Chit Funds Act, 1982. The 1982 Act regulates chit funds, and prohibits a fund from being created without the prior sanction of the central government.
2) Under the 1982 Act, chits may be conducted by firms, associations or individuals. The Act specifies the maximum amount of chit funds which may be collected.The new bill increases these limits to three lakh rupees and 18 lakh rupees, respectively.
3) The new bill removes the limit of Rs 100, and allows the state governments to specify the base amount over which the provisions of the Chit Funds Act will apply.

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

Q5. The term “Book Brahma” frequently in news refers to which of the following ?

a) It is an online portal which facilitates translation of Brahmi scripts to English for tourists/researchers.
b) It is an online portal that catalogues Kannada books only along with active literary critcisms.
c) It facilitates quicker rehabilitation and resettlement of Kashmiri pandits.
d) It facilitates online digital library for standard CBSE text books for students.

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Answer:

1. (c) 2. (c) 3. (d) 4. (b) 5.(b)