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15th Oct, 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

D. None of the above


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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)

Which of the above statements is/are correct:

A. 1 only

B. 2 only

C. 3 only

D. All of the above


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Q4. Which of the following are covered under Wilful default:

1) Deliberate non-payment of the dues.

2) Misrepresentation / falsification of records

3) Disposal / removal of securities without bank's knowledge

4) Fraudulent transactions by the borrower

Select the correct answer code:

A. 1, 2 and 3 only

B. 1 and 3 only

C. 1, 2, 3 and 4

D. 1, 3 and 4 only


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Q5. Reciprocal trade agreements (RTAs) include:

1) Preferential arrangements

2) Free trade agreements

3) Customs unions

4) Common markets

Which of the above statements is/are correct:

A. 1, 2, 3

B. 1, 2, 4

C. 2, 3, 4

D. 1, 2, 3, 4


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Q6. For which of the following Committees, the Chairman is invariably from the Ruling Party:

A. Estimates Committee

B. Public Accounts Committee

C. Committee on Public Undertakings

D. Committee on Delegated Legislation


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Q7. The Lieutenant Governor of a Union Territory is empowered to promulgate ordinances only:

1) When the assembly is dissolved

2) With the prior permission of the President

Select the correct answer code

A. 1 only

B. 2 only

C. 1, 2

D. None of the above


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Q8. Which of the following states in North-East India have Tiger Reserves:

1) Assam

2) Nagaland

3) Arunachal Pradesh

4) Mizoram

5) Manipur

Select the correct answer code:

A. 1, 3, 4

B. 1, 2, 3, 4

C. 1, 3, 4, 5

D. 1, 2, 3, 4, 5


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Q9. Consider the following statements regarding ‘Zombie fires’ recently seen in news:

1) A zombie fire is a fire that continues to burn underground and then reignites on the surface after a period of time

2) It burrow deep in organic soils such as peat lands

3) There are evidences of zombie fires scattered across the Arctic region.

Select the correct answer code

A. 1, 2

B. 1, 3

C. 2, 3

D. 1, 2, 3


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Q10. An Agricultural produce market committee (APMC) is established by the:

A. Local Government

B. Farmer Produce Organizations (FPOs)

C. State Government

D. Authorized Local area Vendors (ALAVs)