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25nd Sep, 2021 Current Affairs Quiz


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Q1. 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

Select the correct code


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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.

Which of the above statements is/are correct

A. 1, 3 only

B. 2, 3

C. 1, 2

D. 1, 2, 3


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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 the Above


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Q4. 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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Q5. The Democracy Index has been released by

A. World Economic Forum

B. The Economist Intelligence Unit

C. UNICEF

D. Amnesty International

Which of the above statements is/are correct:


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Q6. One of the implications of equality in society is the absence of:

A. Privileges

B. Restraints

C. Competition

D. Ideology

Select the correct code:


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Q7. Recognition of Prior Learning Scheme’ is sometimes mentioned in the news with reference to

A. Certifying the skills acquired by construction workers through traditional channels.

B. Enrolling the persons in Universities for distance learning programmes.

C. Reserving some skilled jobs to rural and urban poor in some public sector undertakings.

D. Certifying the skills acquired by trainees under the National Skill Development Programme.

Which of the above statements is/are correct


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Q8. Which of the following Indian cities are part of UNESCO Creative Cities Network (UCCN)

1) Jaipur

2) Varanasi

3) Chennai

4) Mumbai

Which of the above statements is/are correct:

A. 1 and 2 only

B. 1 and 4 only

C. 1, 2 and 4 only

D. 1, 2, 3 and 4


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Q9. Global Wealth Report is released by

A. Oxfam International

B. Organization for Economic Co-operation and Development

C. World Bank

D. Credit Suisse Group

Select the correct answer code:


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Q10. International Religious Freedom (IRF) Report is released by

A. US Commission on International Religious Freedom (USCIRF)

B. United Nations Human Rights Council

C. United Nations Economic and Social Council

D. Institute for Economics and Peace