Current Affairs MCQ for UPSC Exams - 13 May 2019

Q1. With respect to discount broking system in capital market, which of the following statements are true ?

1) Discount broking refers to a model wherein the broker either does not charge any brokerage or charges a very nominal flat fee for every transaction.
2) In terms of trading cost, discount broking makes sense since an investor can save money that could have gone towards brokerage fee if he or she traded through a full-service broking house.
3) They do not offer personal consultations, advice, research, tax planning, and estate planning services for customers but only execute orders of their clients.

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

Q2. Consider the following pairs of international conventions/protocols on environment and their corresponding purposes :

1) Basel convention : Transboundary movement of hazardous wastes
2) Stockholm convention : Convention on biodiversity
3) Montreal protocol : Substances depleting ozone layer
4) Vienna convention : Protection of ozone layer

Which of the above pairs are correctly matched ?
a) 1,2 & 3 only
b) 2,3 & 4 only
c) 1 & 3 only
d) 2 & 4 only

Q3. Consider the following statements with respect to Himalayan yaks :

1) Yaks are the mammals that live at the highest altitudes in the world. They can climb up as high as 20,000 ft . Yaks tend to live at high altitudes because of their thick coat and vulnerability to diseases.
2) People in the remote mountains also use the fresh blood of a yak as medicine. They believe the blood can cure many diseases.
3) They are also used to transport supplies and essential materials to the Indian army at high altitudes.

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 are the situations in which the President can use his power of situational discretion ?

1) Appointment of prime minister when no party has a clear majority in the lok sabha.
2) Removal of governor of a state during president’s rule in the state.
3) Dissolution of lok Sabha if the council of ministers has lost its majority.

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

Q5. Vietnam do share maritime boundary with which of the following south asian countries ?

a) Combodia
b) Bali
c) Phillipines
d) Indonesia

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Answer:

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