Current Affairs MCQ for UPSC Exams - 27 December 2022

Q.1) With reference to regarding One nation one gas grid (ONOGG) program, consider the following statements:

1. ONOGG refers to the joining of several regional grids, creating a national grid, and supplying multiple stakeholders, with natural gas-produced energy.
2. It intends to reduce the regional disparity in gas availability in the Country
3. Under this Natural gas-based energy can be produced and distributed throughout the entire country on a single gas system.

Which of the statements given above is/are correct?
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3

Q.2) Which one of the following organisations publishes the ‘World Economic Outlook’ report biannually?

(a) World Economic Forum
(b) Eurasian Development Bank
(c) World Bank
(d) International Monetary Fund

Q.3) “Inflation” in the economy generally leads to which of the following?

1. Appreciation of currency
2. Depreciation of currency
3. Increase in real interest rate
4.Increase in nominal interest rate
Select the correct answer using the code given below:
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1, 2 and 4 only
(d) 2 and 4 only

Q.4) The term ‘Friendshoring’ is sometimes seen in the news in the context of international relations. Which of the following statements best describes this term?

(a)It is shorthand for the practice of relocating supply chains to countries where the risk of disruption from political chaos is low.
(b) It is a mutual agreement between countries to help each other when in need.
(c) It is a bilateral military alliance for important innovations in essentially new weapons such as submarines, poison gas, warplanes, and tanks.
(d) It is a business network composed of manufacturers, supply chain partners, distributors, and financiers.

Q.5) Consider the following statements regarding Rangdum Monastry:

1.It is protected by Archaeological Survey of India.
2.It is a Tibetan Buddhist monastery that belongs to Gelugpa sect.
Which of the statements given above is/are correct?
(a) Neither 1 nor 2
(b) Both 1 and 2
(c) 1 only
(d) 2 only