Current Affairs MCQ for UPSC Exams - 24 April 2019

Current Affairs MCQ for UPSC Exams - 24 April 2019

Q1. Consider the following statements with respect to IEPF (Investor Education and Protection Fund) Authority :

1) IEPF Authority has been set up as a statutory body under Companies Act 2013 to administer the Investor Education and Protection Fund with the objective of promoting Investor’s Education, Awareness and Protection.
2) The Authority takes various initiatives to fulfil its objectives through Investor Awareness Programmes and various other mediums like Print, Electronic, Social Media, and Community Radio etc.
3) Minister of Corporate Affairs is the Chairperson of the Authority and Secretary ministry of Corporate Affairs is the Chief Executive Officer of the Authority.

Which of the following statements are true ?

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

Q2. Which of the following are the possible favourable conditions for the origin and intensification of tropical cyclones :

1) Warm sea surface temperatures
2) Absence of Coriolis force
3) Small variations in vertical wind speed
4) Upper convergence above the sea level system

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

Q3. Which of the following statements regarding call option in financial markets are true ?

1)A call option is a financial contract between two parties, the buyer and the seller wherein the buyer of the call option has the right to buy an agreed quantity of a particular commodity or financial instrument from the seller of the option at a certain time for a certain price.
2) The seller is not obligated to sell the commodity or financial instrument to the buyer even if the buyer so decides.
3) The buyer pays a fee called a premium for this right.

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

Q4. Consider the following statements with respect to recently published global talent index 2019 report :

1) European countries continue to dominate the GTCI rankings with 8 of them in the top 10.
2) The report claims that entrepreneurial talent is critical to reducing talent inequalities, illustrating the fact with examples from china
3) According to the report India is placed in 80th position and has to improve upon its ability to attract and retain talent.

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. Which of the following offices/personalities acts as the returning officer for presidential elections in India ?

a) Chief justice of India
b) LokSabha secretary general
c) RajyaSabha secretary general
d) Office of the Vice President

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ANSWER:

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

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