Current Affairs MCQ for UPSC Exams - 16 July 2021

Current Affairs MCQ for UPSC Exams - 16 July 2021

Q.1) With reference to the term longevity risk, consider the following statement:

1. It is the risk that pension funds or insurance companies face when assumptions about life expectancies and mortality rates are inaccurate.
2. An aging population and greater numbers of people reaching retirement age add to longevity risk.
3. Current mortality rates and longevity trend risk are the two factors considered when attempting to transfer longevity risk. 
Which of the statements given above is/are correct?

(a) 1 and 3 only

(b) 2 and 3 only

(c) 1 and 2 only

(d) 1, 2 and 3 only

Q.2) Recently seen in news, about Fit for 55 Legislationinitiative. It has been launched by which of the following organisation 

(a) European Union

(b) Intergovernmental Panel on Climate Change

(c) Organization for Economic Cooperation and Development

(d) U.S. Environmental Protection Agency

Q.3) With reference to the empowerment of regulatory institution by environment ministry’s office memorandum, consider the following statements:

1. It aims to identify and report cases of violation.
2. It empowers to take action against violators in terms of closure or demolition of a project
3. It permissible to levy penalty on them that is akin to the scale of the project

Which of the statements given above is/are correct?

(a) 1 and 3 only

(b) 2 and 3 only

(c) 1, 2 and 3 only

(d) 2 only

Q.4) On which day the World Youth Skills Day is observed?  

(a) July 16

(b) July 15

(c) July 18 

(d) July 25

Q.5) With reference to the Vikas Engine, consider the following statements:

1. It is a high thrust engine to enhance lifting power of various Indian Launch Vehicles.
2.It is under test to be used on the GSLV MK-III launch vehicle for Gaganyaan Programme.
Which of the statements given above is/are correct?

(a) Neither 1 nor 2

(b) Both 1 and 2 

(c) 1 only

(d) 2 only

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