Current Affairs MCQ for UPSC Exams - 26 August 2020

Q1 Which of the following statements regarding the recently published Export Preparedness index 2020 stands true ?

1) It is the first of its kind index on the lines of ease of doing business ranking, which has ranked all the states and Union Territories on various parameters of export preparedness and competitiveness.
2) It was released by NITI Aayog.
3) Maharashtra has topped the index with a strong display in various sub-pillars such as Export promotion policy, Business Environment and Infrastructure.

Options :

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

Q2 Which of the following archaeologically important sites and their location states/UT’s are correctly matched ?

1) BarabarCaves : Bihar
2) PanchaRathas :Tamilnadu
3) PuranaQila : Haryana
4) Mehrauli archaeological park : Delhi
5) Burzahome archaeological site : Assam

Options :

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

Q3 Government has announced a major initiative to allow the Public Sector Undertakings to first clear the goods imported by them through Customs and then pay Customs duty later, within 14 days. Which of the following statements regarding the move stand true ?

1) The facility of deferred payment of Customs duties is a part of CBIC’s on-going next generational reform ‘Turant Customs’ which envisages a Faceless, Contactless and Paperless Customs environment.
2) The scheme of deferred payment of Customs duties was first introduced in November, 2014 for importers recognized by the Ministry of Home Affairs as Authorized Economic Operators.
3) These importers are approved by the Customs on the basis of certain compliance parameters such as proper maintenance of records, secure internal controls and a good track record of legal compliance.

Options :

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

Q4 Recent reports suggest that General government debt which is the combined liabilities of the Centre and states is likely to hit a record 91 per cent of GDP this fiscal. Which of the following statements regarding the same stands true ?

1) This will be the highest General government debt in record since data began to be maintained in 1980.
2) The government's capital outlays have been playing a bigger role in the overall economic growth for the past many years.
3) Since a large part of non-interest revenue spending like defence, salaries and pensions is fixed, there is a high possibility fiscal investment will grow at an even slower rate in the current decade.

Options :

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

Q5 Recently, government of India has decided to dismantle the aircraft carrier INS VIRAT which was decommissioned three years back at Alangwhich is known as South Asia’s graveyard of ships. Alangis located in which of the following Indian states ?

a) Gujarat
b) Tamilnadu
c) Maharashtra
d) Karnataka

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