Deepanshu Singh is teaching live on Unacademy Plus
2 MCQs based on 2sth November 2016 Current Affairs
ABOUTME . B.Tech. Comp. Sc. (Hons.) from UPTU, Lucknow NTSE and Debating Champion Appeared for CSE and IFoS mains Interests: Music, Quizzing, Fitness & Photography RATE REVIEW RECOMMEND Follow me HTTPS://UNACADEMY.IN/USER/NS.DEEPANSHU
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2 1. Which of the following is correct regarding Merchant Discount rates? of the following is corect a) It is the discount offered to merchants by the central govt for selling essential pharmaceuticals to the poor b) It is subsidy offered to merchants by the RBI when transactions are made cashless. c) It is the rate charged to a merchant by a bank for providing debit and credit card services. d) TE La he rate of tke tuterest over resular deroslt rotes alven be bankes d) It is the rate of the interest over regular deposit rates given by banks to people who make deposits sithout cash.
2 Solution: C Explanation: o RBI has directed banks to waive the MDR till the end of December.
2 2. Which of the following is correct regarding LCUS7 as seen in the news recently? a) It is a ship that can be deployed for multirole activities like beaching operations, humanitarian and disaster relief operations and evacuation from distant islands. b) It is a short range surface to air missile being developed by DRDO. c) It is a nes meteorological satellite being developed by ISRO. d) It is a pathogenic Bacteria that is transmitted from birds to humans.
2 Solution: A Explanation: o Landing Craft Utility LCU 57, is the seventh vessel in the series of eight Landing Cr ft Utility Ships being designed and built by Garden Reach Shipbuilders and Engineers Ltd, Kolkata for the Indian Navy. s car
2 3. Match the following Ports and their respective states 3. Match the follousing Ports and their respective states 1) Kamarajar Port : Tamil Nadu 2) Paradip Port: Andhra Pradesh 3) Kandl Port: Gujarat Which of the follouwing is/are correct? a) 1 and 3 b) 2 and3 c) 1 only d) 1, 2 and 3
2 Solution: A Explanation: o Paradip Port is in Odisha.
2 4. Consider the follouwing statements regarding Labour identificaiton Number (LIN), 1) LIN is provided by Shram Suvidha Portal. 2, LtN ubsumne wmuitiple registrakton numbers presentty beihno 2) LIN would subsume muliple registration numbers presently being Lssued separately by Labour Enforcement Agencies. 3) LIN would would increase the ease of doing business Which of the following is/are correct? a) 1 and 2 b) 2 and a c) 1 only d) 1, 2 and 3
2 6. Consider the following statements regarding The Insolvency and Bankruptcy Code, 2016: 1) The time-bound processes for insolvency resolution of companies and individuals, will be completed within 180 days. 2) The insolvency resolution processes will be conducted by licensed insolvency professionals(IP). 3) Informalion utilities (IU) will be established to collect, collate and disseminate financial information to facilitate insolvency resolution. Which of the following is/are correct? a) 1 and2 b) 2 and3 c) 1 only d) 1, 2 and 3
2 Solution: C Explanation: It is mandated with the task of enforcing the provisions of two special fiscal laws Foreigh Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA) o The administrative control of the Directorate was transferred from Department of Economic Affairs to Department of Revenue in 1960
2 Solution: D Explanation: o Cabinet approves introduction of the revamped Merchant TO Shipping Bili 2016 in the Parliament and simultaneous repealing of the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838
2 o. which of the foltlowing stakes celebrabes the Harvest festival wangela? a) harkhand b) Uttar Pradesh c) Meghalaya d) Tamil Nadu