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15th Sep, 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

Which of the above statements is/are correct?

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Q2. 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

3) Properties abroad are not liable for confiscation

Select the correct answer code:

A. 1, 3

B. 2, 3

C. 1, 2

D. 1, 2, 3

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Q3. Which of the following statement is not correct:

A. Fundamental Rights are not sacrosanct

B. Fundamental Rights promote the ideal of political democracy

C. The six rights guaranteed by Article 19 can be suspended when the emergency is declared on the grounds of external aggression and armed rebellion

D. Laws made to enforce fundamental rights can be made only by the parliament and not by state legislatures

Select the correct answer code:

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Q4. In the Indian Parliamentary model of Government:

A.The Centre controls the States and Union territories

B.The Judiciary controls the Executive

C.The Executive is responsible to the Legislature

D.The Legislature controls the Judiciary

Which of the above statements is/are correct:

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Q5. Which principle among the following was added to the Directive Principles of State Policy by the 42nd Amendment to the Constitution:

A. Equal pay for equal work for both men and women

B. Participation of workers in the management of industries

C. Right to work, education and public assistance

D. Securing living wage and human conditions of work to workers

Which of the above statements is/are correct:

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Q6. Consider the following statements regarding Rainforests

1) Rainforests are home to more than half of the world’s plant and animal species

2) Rainforests thrive on every continent on earth.

3) The largest rainforests on Earth surround the Amazon River and the Congo River.

Which of the above statements is/are correct:

A. 1, 2

B. 1, 3

C. 2, 3

D. 1 only

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Q7. Consider the following statements with respect to ‘Gas Hydrates’

1) Gas hydrates are crystalline form of propane and water

2) Gas hydrates exist in shallow sediments of outer continental margins

Which is the above statement is correct?

A. 1 only

B. 2 only

C. Both

D. None

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Q8. The Laffer Curve is the representation of:

A. Relationship Between Inflation and Unemployment

B. Inequality of wealth distribution

C. Relationship between tax rates and the amount of tax revenue collected by governments

D. Relationship between Economic growth and Environmental Degradation

which is the above statement is correct?

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Q9. Which of the following is the essential objective of ‘Viability gap funding’

A. Funding of social sector projects like housing, sanitation by tapping international funds.

B. Investments made by the angel investors in budding companies

C. Financing of the projects having Public Private Partnership in the sectors of infrastructure.

D. Investment of government in overall development of the agricultural sector

Select the correct answer code:

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Q10. Reserve Tranche is the economic term used in the context with

A. World Bank

B. World Trade Organisation

C. Reserve Bank of India

D. International Monetary Fund

Select the correct answer code: