[T25] UPSC Mock Round#34:NAA Extension, 1Nation1Ration, Hydroponic cultivation, Hyperandrogenism(Mrunal)

• Timelimit: 30 minutes. 2 Marks for correct answer; -0.66 marks for wrong answer.
• Mitron, my [T25] series contains 25 Mock MCQ primarily aimed at UPSC IAS/IPS Civil Service exam aspirants.
• I usually don’t give direct answer below the MCQs but indirect hints. Because, then you’ve to read the MCQ again & apply logical reasoning skills. This will improve your mental faculties compared to a scenario where direct answers are spoon-fed. having said that, if you want to learn some background theory and the correct answer, you may visit my playlist at Unacademy.
• This 34th set contains questions from June-2019 Current Affairs.
• धीरे धीरे करते हुए, so far I’ve done 34 sets x 25 questions each = 850 MCQs. Given the fact that UPSC Prelims even asks contemporary topics even from 2-3 years preceding the exam, so you should go through all of them available at Mrunal.org/Prelims

Economy

Q. In 2019, India has ratified Multilateral Convention of _ _ _ _ to Implement Tax Treaty Related Measures to prevent Base Erosion and Profit Shifting.

1. UN
2. OECD
3. FATF
4. FSDC

HINT: FATF is for Money laundering and terror Finance , FSDC is an Indian body headed by the Finance Minister and UN doesn’t care so much for tax avoidance.

Q. Find out the correct statement(s) about the European Central Bank:

1. Its headquarters is in Germany.
2. Former IMF chief Christine Lagarde will be its next head in 2019.

Answer Codes

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

HINT: Lagarde resigned from IMF because she’s 100% certain of getting this job and living a comfortable life in Frankfurt. Where is Frankfurt located, socho?

Q. Find out the correct statement(s) about the World Bank:

1. Its headquarters is situated at Washington.
2. The former SBI chairman Arundhati Bhattacharya has been appointed as the MD and Chief Financial Officer of the World Bank.

Answer Codes

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

HINT: SBI Managing Director Anshula Kant

Q. Find out the correct statement(s) regarding “One Nation, One Ration Card” scheme:

1. It’s being jointed implemented by UIDAI and NITI Aayog
2. This scheme will not applicable to migrant workers.

Answer Codes

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

HINT: Ministry of Consumer Affairs Food and Public Distribution will integrate all ration cards to one server and any beneficiary, anywhere in the country, will be able to pick up their grain from any public distribution system of their choice after 30th June, 2020.

Q. Find correct the statement(s) about National Anti-Profiteering Authority:

1. It has been constituted under the Central excise and customs act.
2. In 2019, its tenure has been extended by another two more years.
3. It ensures the benefit of input tax credit of direct and indirect taxes on the recipient by way of commensurate reduction in prices.

Answer Codes

1. Only 1 and 2
2. Only 2
3. Only 1 and 3
4. All of them

HINT: Setup under the Central Goods and Services Tax Act, 2017. GST council extended its tenure by 2 more years, deals with GST and not DIRECT Tax.

Q. find out incorrect statement(s) regarding National Electricity Distribution Company:

1. It’s jointly formed by NTPC and Coal India.
2. It has been accorded MAHA-RATNA status.
3. It’ll distribute electricity in only in the UTs with Legislature.

Answer Codes

1. Only 1 and 2
2. Only 2 and 3
3. Only 3
4. 1 and 2 and 3

HINT:   NTPC and Power Grid Corporation of India have formed it, and if this is formed in 2019- then how can it directly become a Maharatna company which requires x crores of profit over y years!! And if its name is ‘national’, then how can it be doing work only in UT with Legislature!?

Q. Find out the correct statement(s) regarding second edition of Health Index released by Niti Aayog in 2019:

1. Kerala and Bihar are best and worst performers respectively as per this index.
2. Ranking is under four categories — North, West, South, Eastern states and UTs
3. It recommended Union to spend 8% of its budget on healthcare sector.

Answer Codes

1. Only 1 and 3
2. Only 2 and 3
3. Only 1 and 2
4. 1 and 2 and 3

HINT: Kerala best, UP worst. Ranking was done under three categories — larger states, smaller states and Union territories (UTs)  to ensure comparison among similar entities. Union government should spend 2.5 percent of gross domestic product on health

Q. In 2019, RBI has waived the charges on following to encourage less-cash economy

1. NEFT
2. RTGS
3. IMPS

Answer Codes:

1. Only 1 and 2
2. Only 2 and 3
3. Only 1 and 3
4. All of them

HINT: NPCi runs IMPS, then how can RBI on its own volition say it’ll be free!?

Q. In 2019-May RBI’s Nandan Nilekani Panel submitted report on Less cash economy. It has proposed:

1. Government should stop MDR subsidy
2. Government should enact a law to legalize cryptocurrencies in India
3. Both 1 and 2
4. Neither 1 nor 2

HINT: will stopping MDR subsidy help less cash economy? Will allowing cryptocurrency reduce the challenging of money laundering?

Q. Find correct statement(s) about the LIBRA cryptocurrency:

1. It’s designed by Satoshi Nakomoto, the father of cryptocurrencies.
2. World Bank has issued ‘Bond-i’ bonds using its blockchain technology
3. Both 1 and 2
4. Neither 1 nor 2

HINT: If same developer makes new cryptocurrency- people will lose faith in original one. Bond-i uses Ethereum’s blockchain

Q. As of 2019-June, ‘On-tap’ Licensing system is applicable in India for:

1. Commercial Banks
2. Small Finance Banks
3. Regional Rural Banks

Which of the statements given above is/are correct

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

HINT: RRB are setup under RRB Act. So, how does on-tap system come into picture? Further, in 2019-June Shakti announced to give ‘On-Tap’ license in Small Finance Bank category.

Q. Find correct statement(s) about the National Housing Bank

1. Originally it was 100% owned by RBI
2. It’s the apex regulator in Housing Finance
3. It acts as the nodal bank to operate PAISA Portal to release interest subsidies for PM-Awas Yojana

Which of the statements given above is/are correct

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

HINT: I’ve explained it in this Video.

Q. Which of the following has/have been provided under Nirmala S’s General Budget 2019?

1. Standup India scheme has been merged with MUDRA scheme
2. Each women in each SHG will be eligible for MUDRA Loans
3. Both 1 and 2
4. Neither 1 nor 2

HINT:

Q. Find wrong statement(s) about the Standup India scheme

1. It can be availed from banks as well as Microfinance companies.
2. A male entrepreneur from economically weaker section (EWS) of unreserved category is not eligible for this scheme.
3. It’s implemented by the Ministry of skill development and entrepreneurship

Answer Codes

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

HINT: only SCB branch, beneficiary only SC/ST/Women, defaults covered by DFS’s NCTCGC.