Current Affairs MCQ for UPSC Exams – 31 December 2016

Q.1- UN Security Council 1267 Committee is related to which of the following?

A. Economic sanction on uncivilised nations
B. Sanctions on any terrorist organisations across the world
C. Sanctions to cover individuals and entities associated with Al-Qaida, Osama bin Laden and/or the Taliban wherever located.
D. None of the above

Q.2- Which of the following is correct regarding India’s current account deficit (CAD)?

1. India’s yearly CAD in terms of GDP has continuously increased during last decade
2. India has highest trade deficit with the USA

A. 1 only
B. 2 only
C. Both
D. None

Q.3- Which of the following correctly explains Marginal cost of funds-based lending rate?

A. Refers to the minimum interest rate of a bank below which it cannot lend at any circumstances
B. It is average lending rate of the banks calculated based on volume of lending
C. refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI
D. None of the above

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