Current Affairs MCQ for UPSC Exams - 19 July 2019

Q1. The central government has proposed that the surplus of the general fund, after factoring in all the SEBI expenses needs to be transferred to the CFI as per amendments in the Finance Bill, 2019.

Which of the following statements regarding the same stands true ?

1) The general fund of the SEBI, which currently has a balance of over Rs. 3,000 crore, is used to meet the expenses of the regulatory body, including salaries and allowances.
2) The fund gets money via charges that the SEBI levies on market participants in the form of registration or processing fees.
3) All the penalties levied by the SEBI already go to the public account of India while settlement amounts are credited to the Consolidated Fund of India.

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

Q2. Consider the following pairs of thermal power plants and their locations :

1) Suri : Jharkhand
2) Thumbli : Rajasthan
3) Neyveli : Andhra Pradesh
4) Kayamkulam : Kerala
5) Rupnagar : Punjab

Which of the above pairs are correctly matched ?

a) 1 ,2& 3 only
b) 3,4 & 5 only
c) 2,4 & 5 only
d) 1,3 & 5 only

Q3. Which of the following are the provisions of the newly passed The Arbitration and Conciliation (Amendment) Bill, 2019 are true ?

1) The Bill seeks to establish an independent body called the Arbitration Council of India (ACI) for the promotion of arbitration, mediation, conciliation and other alternative dispute redressal mechanisms.
2) Under the Act, arbitral tribunals are required to make their award within a period of 24 months for all arbitration proceedings.
3) The Bill provides that all details of arbitration proceedings will be kept confidential except for the details of the arbitral award in certain circumstances.

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

Q4. Consider the following statements regarding the UNSC 1267 committee and India :

1) India has long maintained that the United Nations Security Council 1267 provisions pertaining to listing of known terrorist entities and individuals must be effectively and sincerely enforced by all member states.
2) There are 14 ongoing sanctions regimes, which focus on supporting political settlement of conflicts, nuclear non-proliferation and counterterrorism which are administered by a sanctions committee chaired by a non-permanent member of the UNSC.
3) Indonesia is the current chair of 1267 Sanctions Committee and will continue till the end of 2019.

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. The central government has permitted the export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.

Which of the following is the largest exporter of Sugar in India ?

a) Maharashtra
b) UttarPradesh
c) Karnataka
d) Odisha

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Answer:

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