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(Hindi) 21st December 2017: Daily MCQs on Current Affairs for government exams (UPSC CSE/IAS exam)
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Roman Saini
Part of a great founding team at Unacademy with Gaurav, Hemesh. Movies, Guitar, Books, Teaching.

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Unacademy user
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vry useful video in examination
Munil pal
10 months ago
Thanks
6. https://currentaffairs.gktoday.in/union-government-launches-training-programme-commit-state-government-officials-07201746120.html
7/10 thank you nocturnal sir
2o dec ko 21 dec k mcqs kese sir..are they nt from the hindu ??
Dhnya ho prabhu ☺....ek Choti si help krne dijiye sir.. Ethics k liye b live session lijiye.... please sir request (Nitika Mishra) ☺
What is the difference between bank rate and repo rate ?
Pm
Piyush mishra
2 years ago
agar ek line me kahan to time duration ka.bank rate me Rbi long duration ke liye lone delta hai .repo rate me duration short hot a hai.
Namann Agarwal
2 years ago
As far as I know Bank rate is a penal rate which RBI offers when banks want to borrow below the SLR limit. It has become obsolete now as Bank rate has been replaced by MSF for practical purposes. Please correct me if wrong
  1. MCQs-21st Dec 2017 Roman Saini


  2. Q1. Consider the following statements about the Goods & Services Tax Council (GST Council): 1. The decisions of the GST Council are made by two-third majority of the votes cast. 2. The centre has one-third of the votes cast, and the states together have two- third of the votes cast. 3. Each state has one vote, irrespective of its size or population. Selectthe correct answer using the codes given below: A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above


  3. Answer- B) 2 and 3 only The Goods & Services Tax Council {GST Councilj has been created in September 2016 under Article 279-A of the Constitution of India. The decisions of the GST Council are made by three-fourth majority of the votes cast. The centre has one-third of the votes cast, and the states together have two- third of the votes cast. Each state has one vote, irrespective of its size or population.


  4. Q2. Consider the following statements: 1. lonizing radiation is any type of particle or electromagnetic wave that carries enough energy to remove electrons from an atom. 2. Galactic cosmic rays are so energetic they can tear right through metals, plastic, water and cellular material. Select the correct answer using the codes given below: A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2


  5. Answer- C) Both 1 and 2 lonizing radiation is any type of particle or electromagnetic wave that carries enough energy to ionize or remove electrons from an atom. There are two types of electromagnetic waves that can ionize atoms: X-rays and gamma-rays, and sometimes they have the same energy Galactic Cosmic Rays (GCR): GCR originate outside the solar system and are likely formed by explosive events such as supernova. These highly energetic particles consist of essentially every element ranging from hydrogen, accounting for approximately 89% of the GCR spectrum, to uranium, which is found in trace amounts only.


  6. Q3. Which of the following are correctly matched? 1. Substandard assets: Asset which has remained Non Performing Asset for a period of 12 months or more. 2. Doubtful assets: Asset is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. 3. Loss assets: Asset which has remained Non Performing Asset for a period less than or equal to 12 months. Select the correct answer using the codes given below: A) 1 only B) 2 only C) 1 and 3 only D) None of these


  7. Answer- D) None of these A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets. 1. Substandard assets: Assets which has remained NPA for a period less than or equal to 12 months. 2. Doubtful assets: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months. 3. Loss assets: As per RBI, "Loss asset is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted, although there may be some salvage or recovery value."


  8. Q4. Which among the following are the advantages of the Air-independent propulsion for a submarine? 1. It allows a non-nuclear submarine to operate without the need to access atmospheric oxygen. 2. It can augment or replace the diesel-electric propulsion system of non-nuclear vessels 3. It is based on the combustion of stored oxygen and ethanol to augment battery- powered propulsion. Select the correct answer using the codes given below: A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above


  9. Answer- D) All of the above Air-independent propulsion (AIP) is any technology which allows a non-nuclear submarine to operate without the need to access atmospheric oxygen (by surfacing or using a snorkel). It can augment or replace the diesel-electric propulsion system of non-nuclear vessels. It is based on the combustion of stored oxygen and ethanol to augment battery-powered propulsion


  10. Q5. Which among the following is/are correctly matched? 1. Wassenaar Arrangement- promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies 2. Australia Group exports do not contribute to the development of chemical or biological weapons. Select the correct answer using the codes given below: A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2


  11. Answer- C) Both 1 and 2 The Wassenaar Arrangement (WA) has been established in order to contribute to regional and international security and stability, by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilising accumulations. The aim is also to prevent the acquisition of these items by terrorists. The Australia Group (AG) is an informal forum of countries which, through the harmonisation of export controls, seeks to ensure that exports do not contribute to the development of chemical or biological weapons


  12. Q7. Consider the following statements about functions of the National Legal Services Authority (NALSA) 1. Organisation of Lok Adalats for amicable settlement of disputes. 2. Free legal aid in civil and criminal matters for the poor and marginalised people. 3. Aid and advice to beneficiaries to access the benefits under the welfare statutes and schemes. Select the correct answer using the codes given below: A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above


  13. Q8. Which among the following are the functions of the International Monetary Fund? 1. to provide development finance. 2. to strengthen international liquidity. 3. to maintain exchange rate stability. Select the correct answer using the codes given below: A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above


  14. Answer- B) 2 and 3 only To provide development finance is not a function of the International Monetary Fund


  15. 09. Which among the following are the credit items in the balance of payments account? 1. Merchandise import 2. Foreign travel payment. 3. Payment for service rendered by foreigners. Select the correct answer using the codes given below: A) 1 and 2 only B) 1 only C) 3 only D) None of these


  16. Answer- D) None of these All the given options are the debit items in the balance of payments account


  17. the RBVro toamrol's the following measures are taken by 1. Bank Rate 2. Open-market Operations 3. Cash-reserve Ratio Select the correct answer using the codes given below: A) 1 and 2 only B) 2 and 3 only C) 1 and 3 only D) All of the above


  18. Answer- D All of the above Bank Rate refers to the official interest rate at which RBI will provide loans to the banking system which includes commercial/ cooperative banks, development banks etc. Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.CRR is set according to the guidelines of the central bank of a country. Open Market Operation: when RBI starts buying/selling government securities to control money supply.