Current Affairs MCQ for UPSC Exams - 17 DECEMBER 2018

Q1. Consider the following statements regarding Micro finance institutions (MFI’s) :

1) The Micro Finance Institutions (MFIs) accesses financial resources from the Banks and other mainstream Financial Institutions and provide financial and support services to the poor.
2) An overseas MFI is like a small bank with the same challenges and capital needs confronting any expanding small venture but with the added responsibility of serving economically-marginalized populations.
3) The term “transformation,” or commercialization, of a microfinance institution (MFI) refers to a change in legal status from a regulated for-profit organization into anunregulated, non-profit institution or NGO.

Which of the above statements are true ?

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

Q2. Mount Soputan, an active volcano which erupted recently in the pacific ring of fire lies in which of the following countries ?

a) Bali
b) Java
c) Indonesia
d) Malaysia

Q3. Consider the following statements regarding Mining industry in India :

1) The power to frame policy and legislation on the minor minerals are entirely the subjected and delegated to the Ministry of Mines/Central Government while policy and legislation relating to the major minerals are dealt by the respectivestate governments.
2) As per MMDR Act, 1957 State Governments have complete powers for grant of concessions in respect of extraction of minor minerals and levy and collection of royalty on minor minerals.
3) The Indian Bureau of Mines has been notified as the administrative authority for concession management of offshore areas.

Which of the above statements are true ?

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

Q4. .Consider the following statements with respect to bee population:

1) Bees are vital for growing the world’s food as they help fertilise three out of four crops around the globe, by transferring pollen from male to female flowers.
2) UN-led research in 2016 found that more than 40% of invertebrate pollinators, particularly bees and butterflies, are facing extinction.
3) Scientists warn that the die-off will result in higher food prices and the risk of shortages.

Which of the above statements are true ?

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

Q5. Shakkar,Tawa,Hiran,Kolar rivers are the tributaries of which of the following west flowing rivers in India ?

a) Mahanadi
b) Narmada
c) Tapi
d) Pennar

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ANSWER:

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