Current Affairs MCQ for UPSC Exams - 24 April 2020

Q1 On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under open market operations. Which of the following statements regarding the same stands true ?

1) The Reserve Bank of India (RBI) has announced simultaneous purchase and sale of government bonds in a bid to soften short-term yields.
2) Such open market operations are known as ‘Operation Twist,’ which was used by the RBI in 2019 for the first time.
3) The move will also aid monetary transmission by prompting banks to pass on interest rate cut benefits to their customers.
Options :
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all the above

Q2 Consider the following pairs of fruits in India and their corresponding top producer states :

1) Mango : Andhra Pradesh
2) Pineapple : West Bengal
3) Banana :Tamilnadu
4) Citrus : Maharashtra
5) Apple : Himachal Pradesh
Which of the above pairs are correctly matched ?
Options :

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

Q3 PM NarendraModi today launched e-Gram Swaraj&SwamitvaYojana, two web portals for accelerating the pace of development in India's villages. Which of the following statements regarding the schemes stands true ?

1) The eGramSwaraj app will provide panchayats a single interface to complete development projects. The app will help in accelerating projects in villages from planning to completion.
2) SwamitvaYojana will use drones in mapping of properties in villages. This will help in reducing disputes over property. The portal will help in making it easier for villagers to avail loans from banks.
3) This will open up avenues for applying for loans from financial institutions by the owners. Disputes related to property would also be settled through the title deeds allotted through this scheme.
Options :
a) 1 & 2 only 
b) 2 & 3 only
c) 1 & 3 only 
d) all the above

Q4 Consider the following statements :

1) The Industrial Relations Code, 2019 is an amalgamation of three laws — the Industrial Disputes Act, 1947, the Trade Unions Act, 1926, and the Industrial Employment (Standing Orders) Act, 1946.
2) The Industrial Code makes it incumbent upon the employer to pay 50% wages to the workers/employees who are laid off due to a shortage of power, coal, raw material and such instances for 45 days.
3) The Parliamentary Committee on Labour, in its report on the Industrial Relations Code, 2019has recommended that “in case of natural calamities, payment of wages to the workers until the re-establishment of the industry may be unjustifiable”.
Which of the above statements are true ?
Options :
a) 1 & 2 only 
b) 2 & 3 only 
c) 1 & 3 only 
d) all the above

Q5 The Paracel Islands ( recently in news )  also known as Xisha.................

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