Current Affairs MCQ for UPSC Exams – 15 December 2015

Current Affairs MCQ for UPSC Exams – 15 December 2015

Q.1- Which of the following statements are correct?

a) India and Pakistan are members of Shanghai cooperation organisation(SCO) since 2014
b) SCO was founded in 2001.
c) Its one of the purpose is to fight against terrorism, extremism in Central Asia.

A) a, b
B) b, c
C) a, c
D) All of the above

Q.2- Which of the following is correct regarding special safeguard mechanism?

a) It can be used for all the products
b) under this higher safeguards duties can be triggered automatically when import volumes rise above a certain level, or if prices fall below a certain level.

A) a only
B) Both
C) b only
D) None

Q.3- Which among the following is will not improve asset quality in the banks?

A) Reduction in the level of SLR and CRR
B) Bring more sector under priority sector lending to give freedom to Banks.
C) better bankruptcy procedures and loan recovery mechanisms.
D) One size fits all for all the banks

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