Current Affairs MCQ for UPSC Exams - 24 June 2019

Q1. Consider the following statements regarding PM Rozgar Protsahan Yojana (PMRPY ) :

1) PMRPY is a scheme to incentivise employers registered with the Employees' Provident Fund Organisation (EPFO) for job creation by the Government paying the full contribution of employers to the Employee Pension Scheme (EPS) and Employees’ Provident Fund (EPF) .
2) The PMRPY Scheme is targeted for employees earning wages more than Rs 15,000/- per month. Thus, new employees earning wages less than Rs 15,000/- per month will not be eligible.
3) All establishment availing benefits under PMRPY scheme should be registered with EPFO under EPF Act 1952 and have a valid LIN.

Which of the above statements are true ?

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

Q2. Consider the following pairs of recent places in news and the corresponding country :

1) Khyber pakhtunkhwa : Afganistan
2) Baramchal : Bangladesh
3) Oyigbo : Nigeria

Which of the above pairs are correctly matched ?

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

Q3. Consider the following statements :

1) Antibiotic-resistant infections are a threat to global public health, food safety and an economic burden.
2) Plant-based foods can transmit antibiotic resistance to the microbes living in our gut.
3) Spread of antibiotic-resistant superbugs from plants to humans is similar to outbreaks of diarrheal illnesses caused immediately after eating contaminated vegetables

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 ‘side pocketing’ in market economy stands true ?

1) Side pocketing is a framework that allows mutual funds to segregate the bad assets in a separate portfolio within their debt schemes.
2) As per the rule, if a debt instrument is downgraded to default rating by credit rating agencies, then the fund house has the option to create a side pocket so that good assets can be ring fenced.
3) Market regulator SEBI has said that side pocket should not be looked upon as a sign of encouraging undue credit risks as any misuse of the option would be considered serious and stringent action can be taken.

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

Q5. When the CJI writes to the President and the PM for removal of a High Court judge, which of the following offices/persons appoints a three-judge inquiry committee in consultation with the CJI to look into the allegations ?

a) President
b) Prime minister
c) Rajya Sabha chairman
d) Lok Sabha chairman

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ANSWER:

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