Current Affairs MCQ for UPSC Exams - 22 MAY 2019

Q1. Which of the following statements regarding the recently published UN World Economic Situation and Prospects mid report are true ?

1) The report said that the global economy is experiencing a broad-based growth slowdown led by slowing industrial production coupled with the weakening of international trade activity.
2) As per the reports India’s exports remain more robust, as around half of exports are destined for faster-growing Asian market hence it is not affected by the slowdown in European Union.
3) The report forecasts a higher growth rate of 8 % for India along with strong domestic consumption and investment.

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

Q2. Which of the following countries form a part of the RCEP(Regional comprehensive economic partnership) agreement with the ASEAN countries ?

1) China
2) India
3) U.S
4) New Zealand
5) North Korea

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

Q3. Consider the following statements regarding Biotherapeuticmedicines :

1) Biotherapeutic medicines are produced through biological processes and differ from the older generation small-molecule medicines that are derived through chemical synthesis.
2) Both accessibility and affordability of this new class of medicines in developing countries is abysmally high, owing largely to their lower prices and effectiveness.
3) These medicines are important treatments for many chronic diseases, such as cancers, diabetes, and rheumatoid arthritis, and other non-communicable diseases.

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 commodity derivatives segments are true ?

1) Derivatives are secondary securities whose value is solely based (derived) on the value of the primary security that they are linked to.
2) Futures contracts, forward contracts, options, swaps, and warrants are commonly used derivatives.
3) MFs have been permitted to participate in the commodities segment through hybrid schemes that include multi-asset scheme and gold exchange traded funds (ETFs) recently.

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

Q5. A person travelling from Pyongyang ( North Korea) to Shanghai ( China ) has to cross which one of the following international seas ?

a) South China sea
b) Yellow sea
c) Sea of Japan
d) East China sea

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ANSWER:

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