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Current Affairs MCQ for UPSC Exams - 21st February 2015

:: National ::

Q. 1

1. China expressed its “diametrical opposition” to Prime Minister Narendra Modi's visit to Sikkim.
2. China had lodged “strong representation with India,” that it was “not conducive to properly resolving and controlling disputes between the two sides, nor in conformity with the general situation of growth of bilateral relations

Which of the following statements is/are true-?

a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2

:: Business and Economy ::

Q. 2

1. The government has notified the rules for the Indian Accounting Standards (Ind AS), which will be mandatory for companies from April 1, 2016.
2. Ind AS norms, which are converged with global standards IFRS, can be followed by corporates on a voluntary basis from April 1, this year.

Which of the following statements is/are true-?

a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2

:: International ::

Q. 3

1. Euro zone Finance Ministers drafted an outline agreement that could form the basis for extending Greece’s financial rescue package.
2. European Union paymaster Germany, Greece’s biggest creditor, had demanded “significant improvements” in reform commitments by the new Leftist government in Athens before it would accept a six-month extension of euro zone funding.