Current Affairs MCQ for UPSC Exams – 21 February 2016

Q.1- Which of the following is correct regarding European Union?

1. All members of European Union use Euro as Currency
2. European Parliament is elected every five years by European council members
3. EU has developed an internal single market

A. 1,2
B. 2,3
C. 3 only
D. 1,3

Q.2- With reference to the Fourteenth Finance Commission, which of the following statements is/are correct

1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent.
2. It has made recommendations concerning sector-specific grants.

Select the correct answer using the code given below.

(a) I only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

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