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7th Dec, 2021 Current Affairs Quiz

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Q1. Recently which of the following committee was constituted by RBI to address the issues related to the transfer of surplus funds from RBI to government

A. Urjit Patel Committee

B. Y. Venugopal Reddy Committee

C. Bimal Jalan Committee

D. L K Jha Committee

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Q2. GAFA tax recently seen in news is related to:

A. Tax on new start-ups with annual turn-over of more than 1 crore

B. Tax on Renewable energy products

C. Tax on large technology and internet companies

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Q3. RBI’s Prompt Corrective Action (PCA) Framework is applicable to:

1) Commercial banks

2) Co-operative banks

3) Non-banking financial companies (NBFCs)

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Q4. Consider the following statements about Fugitive Economic Offender:

1) A person is declared a Fugitive Economic Offender by a ‘Special Court’ set up under the Prevention of Money-laundering Act (PMLA), 2002

2) The property of a fugitive economic offender, including benami property, can be confiscated once he is declared so by the Special Court.

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Q5. Promotion of Digital Transactions including Digital Payments, is the responsibility of:


B. Ministry of Finance

C. Ministry of Electronics & Information Technology (MeitY)

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Q6. Consider the following statements about Small Farmers’ Agri-Business Consortium (SFAC):

1) SFAC has pioneered the formation of Farmer Producer Organizations/Farmer Producer Companies.

2) It offers Credit Guarantee Fund Scheme to FPCs to improve availability of working capital.

3) It implements e-Nam

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Q7. Consider the following statements about Initial Coin Offerings (ICO):

1) ICOs are a type of crowdfunding tool conducted entirely on the blockchain.

2) There is no regulator for this kind of crowd sourcing in India.

3) ICO can be purchased with fiat or virtual currency.

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Q8. Which of the following are Critically Endangered birds/ animals found in India:

1) Great Indian Bustard

2) Clouded leopard

3) Pondicherry shark

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Q9. Blue Flag Certification is awarded to:

A. Countries having Nuclear Submarine

B. Quality export of Fisheries products

C. Beaches with high environmental and quality standards

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Q10. Consider the following statements about Mobilise Your City (MYC) programme:

1) The MYC aims to reduce Green House Gas (GHG) emissions related to urban transport

2) India and France have signed an implementation agreement on “MOBILISE YOUR CITY” (MYC)

3) It was launched at 24th Conference of Parties (COP24) meeting in Katowice, Poland.