Current Affairs MCQ for UPSC Exams – 14 August 2017

Current Affairs MCQ for UPSC Exams – 14 August 2017

Ques- With reference to ‘Indian Ocean Rim Association for Regional Cooperation (I0R-ARC)’, consider the following statements :

1. It was established very recently in response to incidents of piracy and accidents of oil spills.
2. It is an alliance meant for maritime security only.

Which of the statements given above is/are correct?

(a) I only
(b) 2 only
(c) Both I and 2
(d) Neither I nor 2
(e) Neither I nor 2

Ques- Which of following statements are correct regarding Repo rate.

a) Repo rate is the rate at which the central bank of a country lends money to commercial bank.
b) Central banks decrease repo rate in case of inflation

1) a only
2) b only
3) Both a and b
4) Neither a nor b

Ques- Which of the following is not a function of SEBI?

A. regulating the business in stock exchanges and any other securities markets;
B. Registering and regulating the working of venture capital funds and collective investment schemes,including mutual funds;
C. promoting and regulating self-regulatory Organizations
D. All of the above are functions of SEBI

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