The Hindu Current Affairs MCQs by Jatin Verma July 6th, 2019

admin
By admin July 6, 2019 15:34

Question 1.  Zero Chance Campaign’ recently seen in news is launched by which country?

  1. Japan
  2. India
  3. China
  4. Australia

 

Answer: D

  • The Australian government is launching a campaign ‘Zero Chance’ to raise awareness among people trying to enter the country illegally by boats.
  • “The message of Zero Chance is simple. Anyone who tries to come illegally to Australia by boat has zero chance of success”. “They will be turned back from Australia if they attempt to come illegally by boat”.

 

Question 2. Consider the following statements regarding Financial Action Task Force (FATF).

  1. FATF is an inter-governmental body established in 1989 on the initiative of the G20.
  2. The recommendations developed by FATF are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.
  3. A country is blacklisted if it is non-cooperative in the global fight against money laundering and terrorist financing.

Which of the above statements is/are correct?

  1. 1, 2
  2. 2,3
  3. 1,2,3
  4. Only 1

Answer: b

  • option 2 & 3are correct
  • Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.  It is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in various areas. The FATF Secretariat is housed at the OECD headquarters in Paris.
  • The FATF has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.
  • The FATF blacklist or OECD blacklist has been issued by the FATF since 2000 and lists countries which it judges to be non-cooperative in the global fight against money laundering and terrorist financing, calling them “Non-Cooperative Countries or Territories” (NCCTs).
  • Once a country is blacklisted, FATF calls on other countries to apply enhanced due diligence and counter measures, increasing the cost of doing business with the country and in some cases severing it altogether.

 

Question 3. Consider the following about Shyama Prasad Mukherji Rurban Mission (SPMRM)

  1. It aims to spur social, economic and infrastructure development in rural areas.
  2. The preferred mode of delivery is through Public Private Partnerships (PPPs) while using various scheme funds for financing.

Which of the above option is/are correct?

  1. Only 1
  2. Only 2
  3. Both 1&2
  4. None

Answer: a

  • Only option 1 is correct
  • Shyama Prasad Mukherji Rurban Mission (SPMRM) is a unique programme, designed to deliver catalytic interventions to rural areas on the threshold of growth.
  • SPMRM scheme was launched by Govt in 2016 to deliver integrated project-based infrastructure in the rural areas, which will also include development of economic activities and skill development. The preferred mode of delivery is through Public Private Partnerships (PPPs) while using various scheme funds for financing.
  • Substantial part of the works identified for development in the clusters is focused on provision of basic and economic amenities. 
  • Provision of basic amenities in a cluster typically comprise; provision of 24/7 Water Supply to all households, Solid and Liquid Waste Management facilities at the household and cluster level, provision of Inter and Intra village roads within the cluster, adequate Street Lights and Public Transport facilities using green technologies.

 

Question 4. Consider the following statements

  1. The five-member Monetary Policy Committee (MPC) of the RBI was constituted by the Central Government for the first time in 2016.
  2. The implementation of a flexible inflation targeting framework by the MPC has a statutory basis.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 & 2
  4. Neither 1 nor 2

 

Answer: b

  • Only  2nd statement is correct
  • As per the provisions of the RBI Act, out of the six Members of Monetary Policy Committee, three Members will be from the RBI and the other three Members of MPC will be appointed by the Central Government. 
  • An exercise of the powers conferred by section 45ZB of the Reserve Bank of India Act, 1934, the Central Government accordingly constituted, through a Gazette Notification dated 29th Sept 2016, the Monetary Policy Committee of RBI.

 

Question 5. Consider the following statements about ‘Core Investment Companies’.

  1. They are non-banking financial companies with asset size of ₹100 crore and above.
  2. A working group, headed by Tapan Ray will review the regulatory and supervisory framework for core investment.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 & 2 
  4. None

Answer: c

  • Both the statements are correct
  • CICs are non-banking financial companies with asset size of ₹100 crore and above which carry on the business of acquisition of shares and securities, subject to certain conditions.
  • CICs, which are allowed to accept public funds, hold not less than 90% of their net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.
  • Investments of CIC in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies constitutes not less than 60% of its net assets as mentioned in clause.

 

Question 6. Consider the following statements with reference to new scheme ‘Study in India’.

  1. It encourages more foreign students to choose India as destination for higher education.
  2. It aims to double India’s market share of global education exports from less than 1% to 2%
  3. It aims to improve global ranking of Indian educational institutes.
  4. The Scheme is steered by EdCIL (Educational Consultants of India) an initiative of Ministry of Human Resource Developement and Ministry of External Affairs only.

Which of the above statements is/are correct?

  1. 1, 2 & 4
  2. 1, 3, & 4
  3. 1, 2, & 3
  4. 1, 2, 3 & 4

Answer. C

  • Only 1st , 2nd and 3rd statements are correct
  •  MHRD in collaboration with Ministry of External Affairs has approved ‘Study in India’ programme to attract foreign students to pursue higher education in India. The programme is similar to initiative launched by Australia, Malaysia, Singapore and Canada. 

Objectives 

  • Encourage more foreign students to choose India as destination for higher education.
  • Double India’s market share of global education exports from less than 1% to 2%.
  • Improve global ranking of Indian educational institutes.
  • Study in India is helmed by EdCIL (Educational Consultants of India), a Central Public Sector Enterprises (CPSE) under the Ministry of Human Resource Development (MHRD), Government of India. It is a joint initiative of Ministry of HRD, Ministry of External Affairs, Ministry of Home Affairs and Ministry of Commerce and Industry.

 

Question 7. Consider the following statements 

  1. Antrix Corporation Limited is a PSU and partially owned by govt.
  2. New Space India Limited is the commerical are registered under department of space.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer. B

  • only 2nd statement is correct

Why in news

  • In Budget 2019, New Space India Limited (NSIL), New Commercial Arm of ISRO, Announced. It is a new business arm for Department of Space (DoS).
  • The new company has the following mandate.
    • The new company has following mandates – transfer technology to industry for producing the commercially successful PSLV spacecraft launchers; 
    • Outsource assembly of small satellites and the upcoming Small Satellite Launch Vehicle (SSLV) and 
    • To commercially exploit the R&D work done by ISRO centres and DoS constituents. 
  •  Antrix Corporation Limited is the commercial arm of the Indian Space Research Organisation (ISRO) .The Company is a Public Sector Undertaking (PSU), wholly owned by the Government of India. It is administered by the Department of Space (DoS).

 

Question 8. With reference to the scheme ‘Stand up India’, consider the following statements-

  1. It aims at promoting entrepreneurship among women, scheduled castes and tribes.
  2. The scheme is implemented by Ministry of Commerce and Industry.
  3. Loan under this scheme is available for both green field and brown field projects.
  4. Scheme facilitates bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC), one Scheduled Tribe (ST) and at least one woman borrower per bank branch.

Which of the above statements is/are correct?

  1. 1 Only
  2. 1, 3 & 4
  3. 1, 2 & 3
  4. 1, 2, 3 & 4

Answer: a

  • Only 1st statement is correct

Why in news?

  • Budget 2019: Govt extended Stand up scheme till 2025.
  • The Stand up India scheme aims at promoting entrepreneurship among women and scheduled castes and tribes. The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance.
  • Stand-Up India Scheme facilitates bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise

 

Question 9. Consider the following statements about “Gandhipedia”

  1. It is a repository of information about the life and works of Mahatma Gandhi.
  2. It aims to educate and sensitise the youth about Gandhi.
  3. Gandhipedia is being developed by Ministry of Human Resource Development.

Which of the above statements is/are incorrect?

  1. 1 and 2
  2. 1 and 3
  3. 2 only
  4. 1, 2 and 3

Answer: a

  • 1st and 2nd are correct statements

Why in news?

  • Finance minister in Budget 2019 announced that the government was working on a “Gandhipedia”, a repository of information about the life and works of Mahatma Gandhi. The repository would be accessible to all and will serve the purpose of educating and sensitising the sensitise youth and society at large about positive Gandhian values
  • A Gandhipedia is being developed by National Council for Science Museums, Ministry of Culture.

 

Question 10. Consider the following statements with reference to scheme “Jal Jeevan Mission”

The mission aims to provide potable water to every rural household by 2025.

Ministry of Jal Shakti is implementing the programme.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer: b

  • Only statement 2nd is correct
  • Union Finance Minister announced the Jal Jeevan Mission to provide potable water to every rural household by 2024
  • While, presenting the Union Budget 2019-20 in the Parliament she said that a major step in this direction has been the constitution of the Jal Shakti Mantralaya, integrating the Ministry of Water Resources, River Development and Ganga Rejuvenation and Ministry of Drinking Water and Sanitation. 
  • This new Mantralaya will look at the management of our water resources and water supply in an integrated and holistic manner, and will work with States to ensure HarGharJal हर घर जल– (piped water supply) to all rural households by 2024 under the Jal Jeevan Mission
admin
By admin July 6, 2019 15:34