2.EconomyCurrentAffairs RoundUpByAyusshSanghi

Current Affairs (Round-Up)
through MCQs for Prelims

2019
[July -September 2018 - Economics]

PDF FILE OF PPT
for – Unacademy Plus Candidates [Exclusively]

topic – Current Affairs (Round-Up) - Economics
by – Ayussh Sanghi
Q.1 With reference to “Municipal Bonds “ which of the following statement(s)
is/are correct ?
1. This are marketable debt instruments issued by ULBs either directly or

through any intermediate vehicle
2. Pune Municipal Corporation was the first ULB to issue Municipal Bond in India
in 1997.
Select the correct answer using the code given below.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
©Current Affairs {through MCQ’s} by Ayussh Sanghi

❖ Municipal Bonds are marketable debt instruments issued by ULBs either directly
or through any intermediate vehicle (Corporate Municipal entity/statutory
body/special purpose distinct entity) with an objective to on-lend towards
projects implemented by the ULB.
❖ The funds raised may be utilized towards implementation of capital projects,
refinancing of existing loans, meeting working capital requirements etc.,
depending on powers vested with the ULBs under respective municipal
Legislation.
❖ Bangalore Municipal Corporation was the first ULB to issue Municipal Bond in
India in 1997.
❖ Indore Municipal Corporation recently listed its bonds aggregating Rs. 100
Crore and received an oversubscription of 1.26 times. This is the third such
listing after urban local bodies (ULBs) of Hyderabad and Pune in the last one
year.

Q.1 With reference to “Municipal Bonds “ which of the following statement(s)
is/are correct ?
1. This are marketable debt instruments issued by ULBs either directly or

through any intermediate vehicle
2. Pune Municipal Corporation was the first ULB to issue Municipal Bond in India
in 1997.
a) 1 only ✓
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.2 Consider the following statements with reference to Draft e-commerce policy:
1. It provides for mandatory registration of all e-commerce operators whether

domestic or foreign
2. It proposes to establish Central Consumer Protection Authority (CCPA)
3. It proposes to prohibit e-commerce players from “directly or indirectly
influencing” sale prices
Which of the statement given above is/are correct ?
a) 1 and 3 only
b) 2 only
c) 3 only
d) All the above

The government has released the draft e-commerce policy .
➔ Establish Central Consumer Protection Authority (CCPA): It will act as the nodal
agency for intra-government coordination on e-commerce policies and hearing
complaints from both the public as well as e-commerce companies.
➔ Mandatory registration: It provides for mandatory registration of all
e-commerce operators whether domestic or foreign.
➔ Uniform legislation: It also proposes a single legislation to address all aspects
of digital economy.
➔ FDI policy for e-commerce: It proposes 49% FDI under the inventory model for
firms to sell locally-produced goods on their online platforms. The control of
such firms will remain with Indians. At present, 100% FDI is allowed in online
stores that follow the marketplace model; no FDI is permitted in firms following
the inventory model.
➔ A separate wing will be set up in the Enforcement Directorate to handle
grievances related to foreign investment in e-commerce.

➔ Data Localization: It strongly recommends data localization i.e. data that will
be considered as critical should necessarily be located in India
➔ Regulating price distortions: Prohibits e-commerce players from “directly or

indirectly influencing” sale prices
➔ Prohibition of bulk purchases of branded goods like mobile phones, fashion

items which lead to price distortions.

Q.2 Consider the following statements with reference to Draft e-commerce policy:
1. It provides for mandatory registration of all e-commerce operators whether

domestic or foreign
2. It proposes to establish Central Consumer Protection Authority (CCPA)
3. It proposes to prohibit e-commerce players from “directly or indirectly
influencing” sale prices
a) 1 and 3 only
b) 2 only
c) 3 only
d) All the above ✓

Q.3 “Ease of doing business ranking for states” was released recently, consider
the following statements :
1. It was the 1st edition of the annual ranking of all states and UTs under the
Business Reform Action Plan (BRAP) conducted by DIPP and the World Bank.
2. Andhra Pradesh was ranked first in this exercise.
Which of the statement(s) given above is/are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

❏ Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce
and Industry has released the final rankings of States in Ease of Doing
Business.
❏ In 3rd edition of the annual ranking of all states and UTs under the Business
Reform Action Plan (BRAP) conducted by DIPP and the World Bank, Andhra
Pradesh stood to be the best in India to do business.
❏ Telangana and Haryana in second and third spots, while Meghalaya stood last
at 36th position. Jharkhand and Gujarat stood fourth and fifth respectively.
❏ The ranking was introduced with the aim of triggering competition among
states to attract investments and improve business climate.
About Business Reform Action Plan (BRAP)
❏ The aim of this exercise is to improve delivery of various Central Government

regulatory functions and services in an efficient, effective and transparent
manner.
Q.3 “Ease of doing business ranking for states” was released recently,consider
the following statements :
1. It was the 1st edition of the annual ranking of all states and UTs under the
Business Reform Action Plan (BRAP) conducted by DIPP and the World Bank.
2. Andhra Pradesh was ranked first in this exercise.
a) 1 only
b) 2 only ✓
c) Both 1 and 2
d) Neither 1 nor 2

Q.4 With reference to “RYTHU BANDHU SCHEME” which of the following
statement is/are correct ?
1. It involves Monetary assistance to Farmers in form of investment on

prescribed landholdings.
2. It is an Initiative of West bengal Government
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Rythu Bandhu Scheme
• It is first of a kind investment support scheme for farmers which involves cheque
payments to farmers based on their landholdings. The government gives every
beneficiary farmer Rs. 4,000 per acre as “investment support” before every crop
season.
• The objective is to help the farmer meet a major part of his expenses on seed,
fertiliser, pesticide, and field preparation.
• The scheme covers 1.42 crore acres in the 31 districts of the state, and every
farmer owning land is eligible.
It is an Initiative of Telangana government

Q.4 With reference to “RYTHU BANDHU SCHEME” which of the following
1. It involves Monetary assistance to Farmers in form of Investment on

prescribed landholdings
2. It is an Initiative of West bengal Government
a) 1 only ✓
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Q.5 With reference to “Coal Mine Surveillance & Management System (CMSMS) “,
which of the following statement is/are correct ?
1. It is a web based GIS application through which location of sites for

unauthorised mining can be detected
2. The basic objective of CMSMS is reporting, monitoring and taking suitable
action on unauthorised coal mining activities
3. It is an initiative of Ministry of Coal affairs
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) All the above

The Ministry of Coal launched the Coal Mine Surveillance & Management System
(CMSMS) and ‘Khan Prahari’ mobile application.
Coal Mine Surveillance & Management System (CMSMS)
• The basic objective of CMSMS is reporting, monitoring and taking suitable action on
unauthorised coal mining activities.
• It is a web based GIS application through which location of sites for unauthorised
mining can be detected.
• The basic platform used in the system is of Ministry of Electronics & Information
Technology’s (MeiTY) map which provides village level information.

Q.5 With reference to “Coal Mine Surveillance & Management System (CMSMS)” ,
which of the following statement is/are correct ?
1. It is a web based GIS application through which location of sites for

unauthorised mining can be detected.
2. The basic objective of CMSMS is reporting, monitoring and taking suitable
action on unauthorised coal mining activities.
3. It is an initiative of Ministry of Coal affairs.
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only

Q.6 With reference to “UPI 2.0”, which of the following statement(s) is/are correct ?
1. It is upgraded version of UPI which is an initiative of National payment

corporation of India
2. In its upgraded version the pre-existing transaction limit (1 lakh daily) has
been raised to 2 lakh daily
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

National Payment Corporation of India (NPCI) has upgraded the Unified Payment
Interface (UPI) with enhanced features.
➢ Unified Payments Interface (UPI) is a system that powers multiple bank
accounts into a single mobile application (of any participating bank), merging
several banking features, seamless fund routing & merchant payments into
one hood.
➢ It also caters to the “Peer to Peer” collect request which can be scheduled and
paid as per requirement and convenience. Each Bank provides its own UPI App
for Android, Windows and iOS mobile platform(s).
New features in UPI 2.0:
➢ Linking of overdraft account – Apart from the savings and current accounts,
the UPI users can now link their overdraft account to it and all the facilities and
benefits of overdraft account would be made available to the users.
➢ Increased Transaction Limit – The pre-existing transaction limit (1 lakh daily)
has been raised to 2 lakh daily.

Q.6 With reference to “UPI 2.0 “,which of the following statement(s) is/are correct ?
1. It is upgraded version of UPI which an initiative of National payment

corporation of India.
2. In its upgraded version the pre-existing transaction limit (1 lakh daily) has
been raised to 2 lakh daily.
a) 1 only
b) 2 only
c) Both 1 and 2 ✓
d) Neither 1 nor 2

Q.7 Which of the following institutions has launched world’s first Blockchain bond ?
a) World bank
b) IMF
c) OECD
d) WEF

● The World Bank has launched the world’s first public bond created and managed
using only blockchain in order to test how the technology might improve current
bond sales practices.
● The project is called ‘BONDI’ (Blockchain Operated New Debt Instrument),
which is also reference to the Bondi Beach in Sydney.
● Commonwealth Bank of Australia (CBA) has been mandated by the World Bank
to be the sole arranger of the bond.
● It is a Kangaroo bond (foreign bonds issued in Australia in local currency).
Benefits of Blockchain Bonds:
● The launch of the blockchain bond is an initial step in moving bond sales away
from manual processes toward automation.
● Blockchain technology could help in cutting down bond settlement time “from
T+2 days currently to T+2 minutes”.
● The technology has potential to deliver substantial cost savings as intermediary
activities can be eventually reduced or removed.

Q.7 Which of the following institutions has launched world’s first Blockchain bond ?
a) World bank ✓
b) IMF
c) OECD
d) WEF

Q.8 With reference to “Bidder information management system (BIMS)” portal,
which of the following statement(s) is/are not correct ?
1. It is aimed at streamlining the process of prequalification of bidders for

Engineering Procurement Construction (EPC) modes of contract
2. BIMS portal will significantly reduce the procurement time for projects
3. It is an initiative of Ministry of Road transport & highways with Ministry of
electronics & information technology
(a) 1 and 2 only

(b) 2 and 3 only
(c) All the above
(d) 2 only

❏ The Ministry for Road Transport & Highways, Ministry for Shipping and Ministry
for Water Resources, River Development and Ganga Rejuvenation had launched
IT initiative– BIMS – with aim to expedite pre-construction processes relating
to bidding and land acquisition respectively
Bidder Information Management System (BIMS)

❏ The portal will work as a database of information about bidders, covering basic
details, civil works experience, cash accruals and network, annual turnover etc.
BIMS will be used by all the project implementation agencies of the Ministry.
❏ It is aimed at streamlining the process of prequalification of bidders for
Engineering Procurement Construction Mode of contracts for National Highway
works with enhanced transparency and objectivity.
❏ It is estimated that BIMS portal will significantly reduce the procurement time
for projects through an objective and transparent online evaluation system
thereby leading to accelerated project implementation.

Q.8 With reference to “Bidder information management system (BIMS)” portal,
which of the following statement(s) is/are not correct ?
1. It is aimed at streamlining the process of prequalification of bidders for

Engineering Procurement Construction (EPC) modes of contract
2. BIMS portal will significantly reduce the procurement time for projects
3. It is an initiative of Ministry of Road transport & highways with Ministry of
electronics & information technology
(a) 1 and 2 only ✓

(b) 2 and 3 only
(c) All the above
(d) 2 only

Q.9 With reference to “Participatory notes”, which of the following statement(s)
is/are correct?
1. These are used by overseas market participants that don’t want to get registered
as FIIs
2. P-notes are not issued in India, rather these are issued by an India registered FII
to other overseas investors
3. FIIs have to periodically report to RBI on P-note issuance without the need to
name the final beneficiary
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only
d) 1, 2 and 3
➔ Participatory notes also referred to as P-Notes, or PNs, are financial instruments
required by investors or hedge funds which want to invest in Indian securities
without having to register with the Securities and Exchange Board of India (SEBI).
P-Notes are among the group of investments considered to be Offshore
Derivative Investments (ODIs).
➔ Investments through participatory notes into Indian capital markets have plunged
to over nine-year low .
➔ These are used by overseas market participants that don’t want to get registered
as FIIs.
➔ P-notes are not issued in India, rather these are issued by an India registered FII to
other overseas investors.
➔ The P-note holder is entitled to all the dividends, capital gains and other payouts
on the underlying securities.
➔ FIIs have to periodically report to SEBI (and not RBI) on P-note issuance without
the need to name the final beneficiary.

Q.9 With reference to “Participatory notes”, which of the following statement(s)
is/are correct?
1. These are used by overseas market participants that don’t want to get
registered as FIIs
2. P-notes are not issued in India, rather these are issued by an India registered FII
to other overseas investors
3. FIIs have to periodically report to RBI on P-note issuance without the need to
name the final beneficiary
a) 1 and 3 only
b) 2 and 3 only
c) 1 and 2 only ✓
d) 1, 2 and 3
Q.10 Which one of the following factors may contribute to the fall in the value of
Indian Rupee?
a) Decrease in the outflow of remittances.

b) Increase of the interest rates in the Federal Reserve Bank of United States.
c) Increase in the domestic production of Oil.
d) Successful implementation TAPI gas pipeline project.

❏ Increase of the interest rates in the Federal Reserve Bank of United States will
affect the Foreign Portfolio Investment in India. The investors will tend to pull
out the money from Indian market and invest in US Federal in search of greater
interest
❏ This will result in the outflow of dollars from India and, hence, will decrease the
value Indian Rupee against US dollar.
❏ Rest all other option will contribute to the rise in the value of Indian Rupee.

Q.10 Which one of the following factors may contribute to the fall in the value of
Indian Rupee?
a) Decrease in the outflow of remittances.

b) Increase of the interest rates in the Federal Reserve Bank of United States. ✓
c) Increase in the domestic production of Oil.
d) Successful implementation TAPI gas pipeline project.

Q.11 “Water aerodrome” term was in news in recent times, consider the following
statements with reference to it :
1. It is an area on water, including any buildings, installations and equipment,

intended to be used for the arrival, departure and movement of aircraft.
2. Water aerodromes would be developed only in coastal states of India
3. In its first phase, water aerodrome will be established at Chilika Lake in Odisha.
a) 1 only
b) 2 and 3 only
c) 1 and 2 only
d) All the above

The Ministry of Civil Aviation has approved a proposal to set up water aerodromes
in the country
❏ Water aerodrome is a defined area on water, including any buildings,

installations and equipment, intended to be used either wholly or in part for the
arrival, departure and movement of aircraft.
❏ The Airports Authority of India has identified 5 states i.e. Odisha, Gujarat,
Assam, Maharashtra and Andhra Pradesh where water aerodromes would be
developed.
❏ They are proposed to be developed near locations of tourist and religious
importance.
❏ In its first phase, water aerodrome will be established at Chilika Lake in Odisha,
Sardar Sarovar Dam and Sabarmati River Front in Gujarat

Q.11 “Water aerodrome” term was in news in recent times, consider the following
statements with reference to it :
1. It is an area on water, including any buildings, installations and equipment,

intended to be used for the arrival, departure and movement of aircraft.
2. Water aerodromes would be developed only in coastal states of India
3. In its first phase, water aerodrome will be established at Chilika Lake in Odisha.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only ✓
d) All the above

Q.12 Which of the following Initiatives is/are tools to achieve Banking reforms ?
1. Project Shashakt
2. Insolvency and Bankruptcy code
3. Amalgamation/Merger of Banks
4. Prompt corrective action
a) 1 and 3 only
b) 2 and 4 only
c) 1,2 and 4 only
d) 1,2,3 and 4

Tools to achieve banking reforms in India :
The government has decided that Bank of Baroda, Vijaya Bank and Dena Bank shall
be “amalgated” making the new entity India’s third Largest Bank.
1. It shall aid to resolve the NPA issue.
2. The consolidation will help create a globally stronger and competitive financial
institutions.Currently Indian banks are small when compared with their globally
3. Merger will lead to a bigger capital base and higher liquidity which will help in
meeting the norms under BASEL III.
Other significant initiatives on the part of the government :
➔ The Government in 2016 set up an autonomous body called Banks Board
Bureau (BBB) to recommend for selection of heads of PSBs and Financial
Institutions and help Banks in developing strategies and capital raising plans.
➔ The Insolvency and Bankruptcy Code (IBC) has made it easier for banks to
recover through liquidation of assets.
➔ The government committed to Rs. 2.11 lakh crores capital infusion in PSBs.

➔ EASE - Enhanced Access and Service Excellence: It is a reform agenda focusing
on six themes of customer responsiveness, responsible banking, credit off
take, PSBs as Udyami Mitra, deepening financial inclusion & digitalisation and
developing personnel for brand PSB.
➔ RBI has introduced prompt corrective action (PCA) framework as a measure to

check banks' financial health. Under the PCA, banks are prohibited from
distributing dividends and remitting profits, expanding their branch networks,
maintaining higher provisions, etc.
➔ The government had formed the Sunil Mehta Committee to look into the faster
resolution of stressed assets. It has suggested five-pronged strategy to resolve
stressed assets called Project Sashakt.

Q.12 Which of the following Initiatives is/are Tools to achieve Banking reforms ?
1. Project shashakt
2. Insolvency and Bankruptcy code
3. Amalgamation/Merger of Banks
4. Prompt corrective action
a) 1 and 3 only
b) 2 and 4 only
c) 1, 2 and 4 only
d) 1, 2, 3 and 4 ✓

Q.13 With reference to Draft “Payment and settlement system bill” 2018, which of
the following statement is/are correct ?
1. It provides for setting up Independent Payments Regulatory Board (PRB)

2. Bill provides role of RBI as an infrastructure institution
3. It delineates risk and ownership to decide Parity Between Banks and
Non-Banks
Select the correct answer using the code given below
a) 1 only
b) 2 and 3 only
c) 1 and 2 only
d) 1,2 and 3 only

❏ Inter-Ministerial Committee headed by Subhash Chandra Garg submitted draft
Payment and Settlement System Bill, 2018, which seeks to setup independent
Payments Regulatory Board (PRB).
❏ Draft bill seeks to consolidate laws relating to payments.
❏ Setting up Independent Payments Regulatory Board (PRB): Bill seeks changes to

the composition of the PRB and recommended that the chairperson appointed
by the government in consultation with RBI.
❏ Defining Role of RBI: Bill provides role of RBI as an infrastructure institution

relation to its function of providing settlement system and payment system.
❏ Parity Between Banks and Non-Banks: It provides that the authorization criteria
should be risk based and ownership neutral for different classes of
payment systems
Q.13 With reference to Draft “Payment and settlement system bill” 2018, which of
the following statement is/are correct ?
1. It provides for setting up Independent Payments Regulatory Board (PRB)

2. Bill provides role of RBI as an infrastructure institution
3. It delineate risk and ownership to decide Parity Between Banks and
Non-Banks
a) 1 only
b) 2 and 3 only
c) 1 and 2 only
d) 1, 2 and 3 only ✓

Q.14 Which of the following statement(s) is/are not correct regarding the “Bhoomi
Rashi” Portal often appearing in the news ?
a) The portal comprises the entire revenue data of the country

b) The portal is created for expediting the process of publication of notifications
for land acquisition
c) It is integrated with Public Financial Management System (PFMS)
d) It is an Initiative of Ministry of Finance

➢ Bhoomi Rashi, the portal developed by Ministry of Road ,Transport and Highway
and NIC, comprises the entire revenue data of the country, right down to 6.4 lakh
villages. The entire process flow, from submission of draft notification by the
State Government to its approval by the Minister of State for RT&H and
publication in e-Gazette, is online.
➢ The portal, created for expediting the process of publication of notifications for
Land acquisition is now being fully utilized for issuing the notifications.
➢ Bhoomi Rashi portal has been instrumental in reducing the time taken for
approval and publication of notifications pertaining to land acquisition.
➢ Integration of Public Financial Management System (PFMS) with Bhoomi Rashi is
one of the key functionalities to facilitate payment related to compensation for
land acquisition to all the beneficiaries directly through the Bhoomi Rashi
system. PFMS is a web-based online software application developed and
implemented by the Office of Controller General of Accounts (CGA) to facilitate
sound public financial management system for Government of India (GoI)

Q.14 Which of the following statement(s) is/are not correct regarding the “Bhoomi
Rashi “ Portal often appearing in the news ?
a) The Portal comprises the entire revenue data of the country.

b) The portal is created for expediting the process of publication of notifications
for Land acquisition.
c) It is integrated with Public Financial Management System (PFMS).
d) It is an Initiative of Ministry of Finance ✓

Q.15 With reference to “Project sashakt”, which of the following statement is/are
correct ?
1. It is a five pronged comprehensive plan for the resolution of stressed assets

with public-sector banks (PSBs)
2. It is based on the recommendations of Sunil mehta committee
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

❏ The government has announced a bank-led five pronged comprehensive plan
i.e. Sashakt for the resolution of stressed assets with public-sector banks
(PSBs) including creation of one or more widely held asset management
companies (AMC) for loans above Rs. 500 crore
❏ It was based on the recommendations of the Sunil Mehta committee.

Q.15 With reference to “Project sashakt”, which of the following statement is/are
correct ?
1. It is a five pronged comprehensive plan for the resolution of stressed assets

with public-sector banks (PSBs)
2. It is based on the recommendations of Sunil mehta committee
a) 1 only
b) 2 only
c) Both 1 and 2 ✓
d) Neither 1 nor 2

Q.16 Which of the following site are listed in World Heritage Irrigation Structures
by International Commission on Irrigation and Drainage?
a) Sadarmat anicut and Pedda Cheruvu

b) Rani Ki Vav
c) Loktak Lake
d) Sardar sarovar Dam

● Sadarmat anicut a rainfall bund across Godavari in Nirmal District and Pedda
Cheruvu , large man made lake also known as Ramanthapur Lake located near
Hyderabad listed in World Heritage Irrigation Structures by International
Commission on Irrigation and Drainage.
● For the first, two irrigation sites of Telangana from India, listed in World
Heritage Irrigation Structures by International Commission on Irrigation and
Drainage.

Q.16 Which of the following site are listed in World Heritage Irrigation Structures
by International Commission on Irrigation and Drainage?
a) Sadarmat anicut and Pedda Cheruvu ✓

b) Rani Ki Vav
c) Loktak Lake
d) Sardar sarovar Dam

Q.17 Consider the following petroleum products:
1. Liquified petroleum gas (LPG)

2. Kerosene
3. Light diesel oil
Which of the products given above fall under the Goods and Services tax regime?
a) 1, 2 and 3
b) 1 and 2 only
c) 1 and 3 only
d) 2 and 3 only

❏ Goods and services Tax (GST) is a form of Indirect Tax levied on specified
Goods and services.
❏ LPG, kerosene, naphtha, furnace oil, and light diesel oil attract GST.
❏ Five other petroleum products — crude oil, high speed diesel, motor spirit
(petrol), natural gas, and aviation turbine fuel — lie outside the new tax regime.

Q.17 Consider the following petroleum products:
1. Liquified petroleum gas (LPG)

2. Kerosene
3. Light diesel oil
Which of the products given above fall under the Goods and Services tax regime?
a) 1, 2 and 3 ✓
b) 1 and 2 only
c) 1 and 3 only
d) 2 and 3 only

Q.18. Consider the following statement about Green Field Airport:
1. These are the new projects on unused lands starting from scratch
2. They are constructed on an undeveloped site
3. Kazi Nazrul Islam airport is India’s first private Greenfield airport
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3

❖ Greenfield project means that a work which is not following a prior work. The
infrastructure projects that are done on the unused lands where there is no
need to remodel or demolish an existing structure are called Green Field
Projects.
❖ So simply Greenfield airport is a new airport which is constructed on an

undeveloped site.
❖ Kazi Nazrul Islam airport in West Bengal is India’s first private Greenfield airport.
❖ PPP investment model are used to be easily available in Greenfield Airport

projects.

Q.18. Consider the following statement about Green Field Airport:
1. These are the new projects on unused lands starting from scratch.
2. They are constructed on an undeveloped site.
3. Kazi Nazrul Islam airport is India’s first private Greenfield airport.
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3 ✓

Q.19 Which country launched World’s first hydrogen-powered passenger train?
a) Germany
b) France
c) Russia
d) Switzerland

❏ Germany has rolled out the world’s first hydrogen-powered train, signaling the
start of a push to challenge the might of polluting diesel trains with costlier but
more eco-friendly technology
❏ The hydrogen train has fuel cells which can convert hydrogen and oxygen into
electricity. In the process, only steam and water are left behind. Excess energy
is then stored in ion lithium batteries on board the train

Q.19 Which country launched World’s first hydrogen-powered passenger train?
a) Germany ✓
b) France
c) Russia
d) Switzerland

Q.20 Consider the following statements regarding Indian-green-building-council
(IGBC):
1. The IGBC is part of the Confederation of Indian Industry (CII).

2. The Delhi Metro Railway Corporation (DMRC) has become the world’s first
completely ‘green’ Metro system for adhering to green building norms.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 and 2

❏ The India Green Building Council (IGBC) is part of the Confederation of Indian
Industry (CII) formed in 2001.
❏ It offers a wide array of services including developing new green building rating
programmes, green building training programmes and certification services.
❏ The Delhi Metro Railway Corporation (DMRC) has become the world’s first
completely ‘green’ Metro system for adhering to green building norms for its
residential colonies. In this regard, Delhi Metro has secured the platinum rating
for adherence to green building norms for its 10 residential colonies.

Q.20 Consider the following statements regarding Indian-green-building-council
(IGBC):
1. The IGBC is part of the Confederation of Indian Industry (CII)

2. The Delhi Metro Railway Corporation (DMRC) has become the world’s first
completely ‘green’ Metro system for adhering to green building norms
a) 1 only
b) 2 only
c) Both 1 and 2 ✓
d) Neither 1 and 2

Q.21 Recently government has amended Petroleum and Natural gas rules 2018,
according to the new definition of Petroleum which of the following is/are
included in it ?
1. Coal
2. Lignite
3. Natural gas
4. Shale
a) 1 and 3 only
b) 1, 2 and 4 only
c) 3 and 4 only
d) 1, 2, 3 and 4

❏ Union Ministry of Petroleum and Natural Gas has amended Petroleum and
Natural Gas Rules 1959 to include shale in definition of petroleum.
❏ The updated definition of petroleum means naturally occurring hydrocarbons,
whether in form of natural gas or in liquid, viscous or solid form, or mixture
thereof, occurring in association with petroleum or coal or shale but does not
include coal, lignite, and helium.
❏ Prior to this, definition excluded shale and therefore barred companies from
exploiting it from fields that are producing conventional oil and gas or coal-bed
methane.
What is Shale Gas?
❏ Shale gas is natural gas formed from being trapped within shale formations. It
is unconventional source of methane, like coal-bed gas (in coal seams) and
tight gas (trapped in rock formations). It provides feedstock for petrochemicals
industry, which is turned into fertilizer, plastics and other useful stuff. In India,
potential shale gas sites are Cambay, Gondwana, Krishna-Godawari and
Cauvery Basins.
Q.21 Recently government has amended Petroleum and Natural gas rules 2018,
according to the new definition of Petroleum which of the following is/are
included in it ?
1. Coal
2. Lignite
3. Natural gas
4. Shale
a) 1 and 3 only
b) 1, 2 and 4 only
c) 3 and 4 only ✓
d) 1,2,3 and 4

Q. 22 With reference to minimum support price (MSP), which of the following
1. It is announced statewise by the respective state governments before the

sowing season
2. It is based on the recommendations of Commission for Agricultural Costs and
Prices (CACP)
3. It is recommended for 22 crops including paddy, wheat and raw cotton
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1,2 and 3

❏ Minimum Support Price (MSP) is a form of market intervention by the
Government of India to insure agricultural producers against any sharp fall in
farm prices.
❏ The minimum support prices are announced by the Government of India at the
beginning of the sowing season for certain crops on the basis of the
recommendations of the Commission for Agricultural Costs and Prices (CACP).
MSP is price fixed by Government of India to protect the producer - farmers -
against excessive fall in price during bumper production years.
❏ The minimum support prices are a guarantee price for their produce from the
Government.
❏ The major objectives are to support the farmers from distress sales and to
procure food grains for public distribution.

❏ Government announces minimum support prices (MSPs) for 22 mandated crops
and fair and remunerative price (FRP) for sugarcane.
❏ The mandated crops are 14 crops of the kharif season, 6 rabi crops and two
other commercial crops.
❏ In addition, the MSPs of toria and de-husked coconut are fixed on the basis of
the MSPs of rapeseed/mustard and copra, respectively.
The list of crops are as follows.
➔ Cereals (7) - paddy, wheat, barley, jowar, bajra, maize and ragi
➔ Pulses (5) - gram, arhar/tur, moong, urad and lentil
➔ Oilseeds (8) - groundnut, rapeseed/mustard, toria, soyabean, sunflower seed,
sesamum, safflower seed and nigerseed.
➔ Raw cotton , Raw jute
➔ Copra, De-husked coconut
➔ Sugarcane (Fair and remunerative price)
➔ Virginia flu cured (VFC) tobacco

Q. 22 With reference to minimum support price (MSP), which of the following
1. It is announced statewise by the respective state governments before the

sowing season
2. It is based on the recommendations of commission for Agricultural Costs and
Prices (CACP)
3. It is recommended for 22 crops including paddy,wheat and Raw cotton.
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only ✓
d) 1, 2 and 3

Q.23 Which of the following statement(s) is/are correct with reference to Priority
sector lending in India ?
1. It includes loan to agriculture, micro and small enterprises (MSME), housing,

education and to weaker sections of society
2. Banks have to compulsorily lend 40% of their net bank credit to the priority
sector
3. Recently the RBI has allowed banks and non banking finance companies
(NBFCs) to jointly originate priority sector loans
a) 1 and 3 only
b) 1 and 2 only
c) 2 only
d) All the above
❏ Priority sector lending: Priority sector is defined by loans to agriculture, micro
and small enterprises (MSME), housing, education loans and loans to weaker
sections of society, Social Infrastructure, Renewable Energy and Others.
❏ Banks have to compulsorily lend 40% of their net bank credit to this sector.The
Central Bank is set to allow banks and non banking finance companies (NBFCs)
to jointly originate priority sector loans. Thus, allowing them to take advantage
of each other’s strengths and push credit to this sector.
❏ So far, banks that could not meet this target used to buy securities from
NBFCs. RBI, which has always wanted banks to directly give loans to this
sector, is now promoting an alternative way of lending

Q.23 Which of the following statement (s) is/are correct with reference to Priority
sector lending in India ?
1. It includes loan to agriculture, micro and small enterprises (MSME), housing,

education and to weaker sections of society.
2. Banks have to compulsorily lend 40% of their net bank credit to the pririty
sector.
3. Recently the RBI has allowed banks and non banking finance companies
(NBFCs) to jointly originate priority sector loans.
a) 1 and 3 only
b) 1 and 2 only
c) 2 only
Q.24 “Startup India’s Academia Alliance Programme” appeared in the news in
recent times, consider the following statement(s) with reference to it:
1. It is aimed to promote the spirit of entrepreneurship in the country

2. It is a Mentorship programme involving academic scholars and startups
working in similar domains
3. It is an Initiative of Ministry of commerce and industry
Which of the statement (s) given above is/are correct ?
a) 1 and 2 only
b) 2 only
c) 1 and 3 only
d) All the above

The Ministry of Commerce and Industry has announced the Startup Academia Alliance
programme to fulfill the Government’s mission to promote the spirit of entrepreneurship in
the country.
• It is a unique mentorship opportunity between academic scholars and startups working in

similar domains.
• The programme aims to reduce the gap between scientific research and its industrial
applications in order to increase the efficacy of these technologies and to widen their
impact.
• The first phase of Startup Academia Alliance was kickstarted through partnering with
Regional Centre for Biotechnology, The Energy and Resources Institute (TERI), Council on
Energy,Environment and Water, and TERI School of Advanced Studies.
• Renowned scholars from these institutes, in fields such as renewable energy

Biotechnology, healthcare and life sciences were taken on board to provide mentorship and
guidance to startups working in relevant arenas.
Q.24 “Startup India’s Academia Alliance Programme” appeared in the news in
recent times,consider the following statement(s) with reference to it :
1. It is aimed to promote the spirit of entrepreneurship in the country.

2. It is a Mentorship programme involving academic scholars and startups
working in similar domains.
3. It is an Initiative of Ministry of commerce and industry.
a) 1 and 2 only
b) 2 only
c) 1 and 3 only

Q.25 “India wage report” is published by which of the following organisation ?
a) Department of Labour under ministry of Labour and Employment

b) World bank
c) International Labour organisation
d) IMF

➢ According to the India Wage Report published by the International Labor
Organization (ILO), despite real wage growth in India, inequality, informality and
gender wage gap persist.
➢ Key challenge is that the minimum wage system in India is quite complex
➢ National minimum wage floor, which was introduced in the 1990s, is not
legally binding.
➢ The minimum wages are set by state governments for employees in selected
‘scheduled' employment and this has led to 1709 different rates across the country.

Q.25 “India wage report” is published by which of the following organisation ?
a) Department of Labour under ministry of Labour and Employment.

b) World bank
c) International Labour Organisation ✓
d) IMF

Q.26 With reference to “ India Post Payments Bank (IPPB)”, which of the following
1. It will be a financial service provider that will operate under the country’s
postal department.
2. It facilitates both Deposit and lending
3. It is a PSU under Ministry of communication
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) All the above

Prime Minister recently launched the India Post Payments Bank (IPPB), a financial
service provider that will operate under the country’s postal department.
About the payment bank :
• Can accept deposit only: The government-owned payments bank will be able to
accept deposits of up to Rs. 1 lakh from customers but cannot lend these funds to
advance risky loans at higher interest rates.
Purpose:
• The primary rationale behind the public payments bank idea is to help in the
government’s goal of achieving financial inclusion by providing savings, remittance,
and payments services to the rural and unorganised sectors of the economy.
• Reinvigorate postal system: It is also hoped that the payments bank idea will help
reinvigorate the postal system, which has a wide network of branches across India.
All the 155000 post offices in the country are expected to be linked to the IPPB
system by December 2018.
The India Post Payments Bank is a public sector company under the department of
posts and ministry of communication.The payments bank will be governed by Reserve
Bank of India. ©Current Affairs {through MCQ’s} by Ayussh Sanghi
Q.26 With reference to “India Post Payments Bank (IPPB)”, which of the following
1. It will be a financial service provider that will operate under the country’s
postal department
2. It facilitates both deposit and lending
3. It is a PSU under ministry of communication
a) 1 only
b) 2 and 3 only
c) 1 and 3 only ✓
d) All the above

Q.27 ‘Future of Jobs’ report is released by which of the following organisations ?
a) IMF
b) WEF
c) World bank
d) International Labour Organisation

• According to a ‘Future of Jobs’ report released by the World Economic Forum
(WEF), by 2025, machines are projected to overtake humans in workplace task
hours in 12 key industry sectors.
• Technological changes such as Fourth Industrial Revolution, high-speed mobile

Internet and cloud technology, artificial intelligence, robots and automation will
bring a significant shift to existing work tasks.
• In 2018, humans performed an average of 71% of total task hours across the 12
industries spanning manufacturing, services and high tech. By 2025, that will drop
to just 48%, Machines will perform the remaining 52%.
• Jobs expected to become redundant include routine-based white-collar roles,

such as data entry clerks, accounting and payroll clerks.

Q.27 ‘Future of Jobs’ report is released by which of the following organisations ?
a) IMF
b) WEF ✓
c) World bank
d) International Labour Organisation

Q.28 Consider the following statement regarding Pakyong Airport:
1. It is only airport in the state of Sikkim

2. Pakyong Airport is one of the five highest airports in India
3. It is also the first Greenfield airport to be constructed in the Northeastern
Region of India
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3

➔ Pakyong Airport is a Greenfield airport near Gangtok, the state capital of
Sikkim, India
➔ The airport, spread over 400 ha (990 acres), is located at Pakyong village about
35km (22 mi) south of Gangtok.
➔ At 4500 ft, Pakyong Airport is one of the five highest airports in India.
➔ It is the first greenfield airport to be constructed in the Northeastern Region of

India, the 100th operational airport in India, and the only airport in the state of
Sikkim.

Q.28 Consider the following statement regarding Pakyong Airport:
1. It is only airport in the state of Sikkim.

2. Pakyong Airport is one of the five highest airports in India
3. It is also the first Greenfield airport to be constructed in the Northeastern
Region of India
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3 ✓

Q.29 Consider the following statements regarding Country Partnership framework:
1. It is a programme endorsed by WEF

2. It aims to support India’s transition to a higher middle income country
Which of the statements given above is/ are correct ?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

➢ The World Bank Group’s Country Partnership Framework (CPF) aims to make
country-driven model more systematic, evidence-based, selective, and focused
on the Bank’s twin goals of ending extreme poverty and increasing shared
prosperity in a sustainable manner.
➢ CPF aims to support India’s transition to a higher middle income country by

addressing some of its key development priorities like resource efficiency,
inclusive growth, job creation, building human capital etc.
➢ India CPF represents largest programme of World Bank. The World Bank
expects to deliver 25-30 billion dollar during this period, ending in FY 2022.

Q.29 Consider the following statements regarding Country Partnership framework:
1. It is a programme endorsed by WEF

2. It aims to support India’s transition to a higher middle income country
Which of the statements given above is/ are correct ?
a) 1 only
b) 2 only ✓
c) Both 1 and 2
d) Neither 1 nor 2

Q.30 Consider the following statements regarding the Multidimensional Poverty
Index (MPI):
1. It is brought out by World Bank

2. It is based upon income approach
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

➔ Multidimensional Poverty Index (MPI), is brought out by UNDP and the Oxford
Poverty and Human Development Initiative
➔ The multidimensional poverty measures multiple deprivations in education,

health and living standards in the same household.
➔ Ten indicators were mainly taken into account for this report which include
nutrition, child mortality, years of schooling, school attendance, sanitation,
cooking fuel, drinking water, electricity, housing and assets.

Q.30 Consider the following statements regarding the Multidimensional Poverty
Index (MPI)
1. It is brought out by World Bank

2. It is based upon income approach
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2 ✓

Q.31 Consider the following statements with reference to “Atal Bimit Vyakti
Kalyan Yojana” :
1. It has been launched for all the workers in organised sector

2. This scheme is a relief payable in cash in case of unemployment
3. It is an initiative of Ministry of Finance
a) 1 and 3 only
b) 1 and 2 only
c) 2 only
d) 2 and 3 only

• The Employee’s State Insurance Corporation (ESIC) has launched Atal Bimit Vyakti
Kalyan Yojana for Insured Persons (IP) covered under the Employees’ State
Insurance Act, 1948.
• It has been launched considering the change in employment pattern which has
transformed from a long term employment to fixed short term engagement in the
form of contract and temporary jobs.
• This scheme is a relief payable in cash directly to the bank account in case of
unemployment and while they search for new engagement.
• The cash benefit given to the unemployed persons searching for new employment
will be 25 percent of his average earning of 90 days.

About Employee State Insurance Corporation
❖ ESI is a self-financing social security and health insurance scheme for Indian
workers.
❖ It is managed by the Employees' State Insurance Corporation (ESIC) which is

an autonomous body under Ministry of Labour and Employment.
❖ It was established in 1952 as a statutory organisation under the Employee

State Insurance Act, 1948.
❖ ESIC is for establishments having more than 10 workers with monthly wage
ceiling of Rs. 21,000

Q.31 Consider the following statements with reference to “Atal Bimit Vyakti
Kalyan Yojana” :
1. It has been launched for all the workers in organised sector.

2. This scheme is a relief payable in cash in case of unemployment.
3. It is an initiative of Ministry of Finance .
a) 1 and 3 only
b) 1 and 2 only
c) 2 only ✓
d) 2 and 3 only

Q.32 Which of the following pair(s) is/are correctly matched?
Scheme State
1. Bhavantar Bhugtan Yojana - Madhya Pradesh
2. Bhavantar Bharapai Yojana - Haryana
3. Rythu Bandhu Scheme - Andhra Pradesh
a) 1 only
b) 1 and 3 only
c) 1 and 2 only
d) 1, 2 and 3

❏ Madhya Pradesh has launched Bhavantar Bhugtan Yojana, in which the
government pays the difference between modal rate (the average prices in
major mandis) and the minimum support prices (MSPs) to the farmers.
❏ Similar scheme exists by the name of Bhavantar Bharpai Yojana for vegetables
in Haryana.
❏ Rythu Bandhu Scheme - Telangana government has introduced the scheme.The

Rythu Bandhu (Agriculture Investment Support Scheme) takes care of initial
investment needs of every farmer. Aimed at relieving farmers of debt burden
and cease them from falling into the debt trap again, the scheme provides a
grant of Rs 4,000 per acre per farmer each season for the purchase of inputs
like seeds, fertilizers, pesticides, labour and other investments in the field
operations of farmer’s choice for the crop season.

Q.32 Which of the following pair(s) is/are correctly matched?
Scheme state
1. Bhavantar Bhugtan Yojana - Madhya Pradesh
2. Bhavantar Bharapai Yojana - Haryana
3. Rythu Bandhu Scheme - Andhra Pradesh
a) 1 only
b) 1 and 3 only
c) 1 and 2 only ✓
d) 1, 2 and 3

Q.33 With reference to “Kadaknath chicken”, recently in news, which of the
following statement(s) is/are correct?
1. The famous Kadaknath chicken meat from Rajasthan has now got a
Geographical Indication (GI) tag
2. Kadaknath is locally known as Kalamasi and is used for treatment of many
diseases.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

➢ The famous Kadaknath chicken meat from Jhabua district of Madhya
Pradesh has now got a Geographical Indication (GI) tag.
➢ Kadaknath is is locally known as Kalamasi and is used for treatment of many

diseases, besides being considered an aphrodisiac.
➢ The Kadaknath is considered a premium breed and its meat is priced three
times more than that of broiler chicken.
➢ 'Kadaknath' is known for its high iron content and much lower cholesterol than
other breeds, and sells at a much higher price than other varieties

Q.33 With reference to “Kadaknath chicken”, recently in news, which of the
following statement(s) is/are correct?
1. The famous Kadaknath chicken meat from Rajasthan has now got a
Geographical Indication (GI) tag.
2. Kadaknath is is locally known as Kalamasi and is used for treatment of many
diseases, besides being considered an aphrodisiac.
a) 1 only
b) 2 only ✓
c) Both 1 and 2
d) Neither 1 nor 2

Q.34 What is the purpose of “Hortinet - an integrated traceability system”?
a) To boost farm exports from India to EU market

b) To facilitate farm registration, testing and certification
c) Connecting Farmers Produce with Mandis
d) Both (a) and (b) are purpose of “Farmer connect App”

❏ The app was developed by Agricultural and Processed Food Products Export
Development Authority for facilitating farm registration, testing and certification
of fruits and vegetables for export from India to regions such as the European
Union.
❏ The mobile app will allow farmers to apply online to facilitate their farm
registration and tracking the status of application and approvals by State
Government and Lab sampling by authorised Laboratories, an official
statement said.
❏ The app initiative is expected to increase the accessibility and reach of the
traceability software system among the farmers and other stakeholders, it
added.
❏ The app will also assist State Horticulture/ Agriculture Department to capture
real time details of farmers, farm location, products and details of inspections
like date of inspection, name of inspecting directly from field

Q.34 What is the purpose of “Hortinet - an integrated traceability system”?
a) To boost farm exports from India to EU market

b) To facilitate farm registration, testing and certification
c) Connecting Farmers Produce with Mandis
d) Both (a) and (b) are purpose of “Farmer connect App” ✓

Q.35 With reference to “Currency war”, which of the following statement(s) is/are
correct?
1. Currency wars are triggered when nations either allow their currencies to
weaken appreciably or devalue them to gain a competitive advantage over trade
rivals.
2. If other countries react by devaluing their respective currencies to retain
competitiveness, this could lead to instability in markets.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

❖ Currency wars are triggered when nations either allow their currencies to
weaken appreciably or devalue them to gain a competitive advantage over
trade rivals.
❖ If other countries react by devaluing their respective currencies to retain

❖ It was in News because of ongoing debate over China devaluing its National
currency deliberately to boost its Exports by making its products cheaper in the
Globally.

Q.35 With reference to “Currency war”, which of the following statement(s) is/are
correct?
1. Currency wars are triggered when nations either allow their currencies to
weaken appreciably or devalue them to gain a competitive advantage over trade
rivals.
2. If other countries react by devaluing their respective currencies to retain
a) 1 only
b) 2 only
c) Both 1 and 2 ✓
d) Neither 1 nor 2

Q.36 Consider the following statements with reference to Foreign direct
investment (FDI):
1. FDI is an investment made by a firm or individual in one country into business

interests located in another country.
2. FDIs are distinguished from Foreign portfolio investments (FPI) in which an
investor merely purchases equities of foreign-based companies.
3. Singapore is the top source of foreign direct investment (FDI) into India in
current fiscal year.
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
❏ Foreign direct investment (FDI) is an investment made by a firm or individual in
one country into business interests located in another country.
❏ Generally, FDI takes place when an investor establishes foreign business

operations or acquires foreign business assets, including establishing
ownership or controlling interest in a foreign company.
❏ Foreign direct investments are distinguished from portfolio investments in

which an investor merely purchases equities of foreign-based companies.
❏ Mauritius remained the top source of foreign direct investment (FDI) into India
in 2017-18 followed by Singapore, whereas total FDI stood at $37.36 billion in
the financial year, a marginal rise over the $36.31 billion recorded in the
previous fiscal, according to RBI data

Q.36 Consider the following statements with reference to Foreign direct investment
(FDI) :
1. FDI is an investment made by a firm or individual in one country into business

interests located in another country.
2. FDIs are distinguished from Foreign portfolio investments (FPI) in which an
investor merely purchases equities of foreign-based companies.
3. Singapore is the top source of foreign direct investment (FDI) into India in
current fiscal year.
a) 1 and 2 only ✓
b) 2 and 3 only
c) 1 and 3 only
d) 1,2 and 3
Q.37 Under the “Pradhan Mantri Annadata Aay Sanrakshan Abhiyan”, which of the
following schemes can be levareged by state government ?
1. Price Support Scheme (PSS)

2. Price Deficiency Payment Scheme (PDPS)
3. Private Procurement Stockist Scheme (PPSS)
a) 1 only
b) 2 and 3 only
c) 1, 2 and 3
d) 1 and 2 only

Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA)
● Three components: Under the PM-AASHA, states will be allowed to choose from
three schemes existing Price Support Scheme (PSS), newly designed Price
Deficiency Payment Scheme (PDPS) and the new pilot Private Procurement
Stockist Scheme (PPSS) to undertake procurement when prices of commodities
fall below MSP level.
● The other existing schemes of Department of Food and Public Distribution

(DFPD) for procurement of paddy, wheat and nutri-cereals/coarse grains and
of Ministry of Textile for cotton and jute will be continued for providing MSP to
farmers for these crops.

Q.37 Under the “Pradhan Mantri Annadata Aay Sanrakshan Abhiyan”, which of the
following schemes can be levareged by state government ?
1. Price Support Scheme (PSS)

2. Price Deficiency Payment Scheme (PDPS)
3. Private Procurement Stockist Scheme (PPSS)
a) 1 only
b) 2 and 3 only
c) 1, 2 and 3 ✓
d) 1 and 2 only

Q.38 With reference to “Repurpose Used Cooking Oil (RUCO) initiative”, recently in
news, which of the following statement(s) is/are correct?
1. The initiative was launched by the Ministry of Petroleum and Natural gas.
2. Under this initiative, 64 companies at 101 locations have been identified to
enable collection of used cooking oil.
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

➢ The Food Safety and Standards Authority of India (FSSAI) on Friday launched
RUCO (Repurpose Used Cooking Oil), an initiative that will enable collection and
conversion of used cooking oil to biodiesel. The initiative has been launched
nearly a month after the food safety regulator notified standards for used
cooking oil
➢ Under this initiative, 64 companies at 101 locations have been identified to

enable collection of used cooking oil. For instance: McDonald’s has already
started converting used cooking oil to biodiesel from 100 outlets in Mumbai
and Pune
➢ The regulator believes India has the potential to recover 220 crore litres of
used cooking oil for the production of biodiesel by 2022 through a co-ordinated
action.

Q.38 With reference to “Repurpose Used Cooking Oil (RUCO) initiative”, recently in
news, which of the following statement(s) is/are correct?
1. The initiative was launched by the Ministry of Petroleum and Natural gas.
2. Under this initiative, 64 companies at 101 locations have been identified to
enable collection of used cooking oil.
a) 1 only
b) 2 only ✓
c) Both 1 and 2
d) Neither 1 nor 2

Q.39 Consider the following statements regarding “Kanyashree Prakalpa
Scheme”:
1. It is a Small Cash transfer scheme for adolescent girls from disadvantaged

Families
2. It is an Initiative of Chhattisgarh government.
3. The scheme recently received United Nations Public Service Award.
a) 1 and 2 only
b) 1 and 3 only
c) 2 only
d) 1, 2 and 3

❏ The United Nations has awarded the West Bengal government the first place
for Public Service for its “Kanyashree” scheme.
➔ The award ceremony was held at the World Forum, The Hague. A total of 552
projects from 62 countries were nominated for the award.
➔ The “Kanyashree Prakalpa” is a targeted conditional cash transfer scheme for

adolescent girls from disadvantaged families aimed at retaining girls in schools
and other educational institutions.
➔ It also aims towards skill development and prevent child marriage.
➔ Over 4 million adolescent girls have already enrolled in the scheme and about $
500 million handed over to the beneficiaries through their bank accounts

Q.39 Consider the following statements regarding “Kanyashree PrakalpaScheme”:
1. It is a Small Cash transfer scheme for adolescent girls from disadvantaged

Families.
2. It is an Initiative of Chattisgarh government.
3. The scheme recently received United Nations Public Service Award.
a) 1 and 2 only
b) 1 and 3 only ✓
c) 2 only
d) 1, 2 and 3

Q.40 Consider the following statement regarding Index of Industrial production (IIP)
1. IIP also includes the data of Index of 8 core industries.

2. Electricity sector has more weightage than the Mining sector.
3. It is compiled and published by Central statistics office (CSO).
a) 1, 2 and 3
b) 1 and 3 only
c) 3 only
d) 2 and 3 only

❏ The Index of Industrial Production (IIP) is an index which shows the growth
rates in different industry groups of the economy in a stipulated period of time.
The IIP index is computed and published by the Central Statistical Organisation
(CSO) on a monthly basis.
❏ IIP is a composite indicator that measures the growth rate of industry groups
classified under,
1. Broad sectors, namely, Mining, Manufacturing and Electricity
2. Use-based sectors, namely Basic Goods, Capital Goods and Intermediate Goods.
❏ The base year of the all-India Index of Industrial Production (IIP) has also been
revised from 2004-05 to 2011-12
❏ Manufacturing >Mining> Electricity (Base year 2011-12).
❏ The Eight Core Industries comprise nearly 40.27% of the weight of items
included in the Index of Industrial Production (IIP).
❏ These are Electricity, steel, refinery products, crude oil, coal, cement, natural gas
and fertilizers.
Q.40 Consider the following statement regarding Index of Industrial production (IIP)
1. IIP also includes the data of Index of 8 core industries.

2. Electricity sector has more weightage than the Mining sector.
3. It is compiled and published by Central statistics office(CSO).
a) 1, 2 and 3
b) 1 and 3 only ✓
c) 3 only
d) 2 and 3 only

Students are advised to support the above MCQ’s and their solutions with the
classroom lecture.
Students would be able to derive the following benefits from the classes:
1. Proper explanation of the topics is provided.
2. Correlation with the Mains oriented topics and it’s application in the respective
papers is done as a part of the class. [Very Important]
3. Application based study is being done hence it is paramount to support it with

the classroom lecture.
All the best! ☺

2.EconomyCurrentAffairs RoundUpByAyusshSanghi

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

2.EconomyCurrentAffairs RoundUpByAyusshSanghi

Uploaded by

Copyright:

Available Formats

Current Affairs (Round-Up)

through MCQs for Prelims

[July -September 2018 - Economics]

for – Unacademy Plus Candidates [Exclusively]

1. This are marketable debt instruments issued by ULBs either directly or

Select the correct answer using the code given below.

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. This are marketable debt instruments issued by ULBs either directly or

Select the correct answer using the code given below.

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It provides for mandatory registration of all e-commerce operators whether

Which of the statement given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

➔ Regulating price distortions: Prohibits e-commerce players from “directly or

➔ Prohibition of bulk purchases of branded goods like mobile phones, fashion

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It provides for mandatory registration of all e-commerce operators whether

Which of the statement given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

About Business Reform Action Plan (BRAP)

❏ The aim of this exercise is to improve delivery of various Central Government

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It involves Monetary assistance to Farmers in form of investment on

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

It is an Initiative of Telangana government

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It involves Monetary assistance to Farmers in form of Investment on

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is a web based GIS application through which location of sites for

Select the correct answer using the code given below.

©Current Affairs {through MCQ’s} by Ayussh Sanghi

Coal Mine Surveillance & Management System (CMSMS)

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is a web based GIS application through which location of sites for

Select the correct answer using the code given below.

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is upgraded version of UPI which is an initiative of National payment

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is upgraded version of UPI which an initiative of National payment

Which of the statement(s) given above is/are correct ?

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is aimed at streamlining the process of prequalification of bidders for

Select the correct answer using the code given below.

(a) 1 and 2 only

©Current Affairs {through MCQ’s} by Ayussh Sanghi

Bidder Information Management System (BIMS)

©Current Affairs {through MCQ’s} by Ayussh Sanghi

1. It is aimed at streamlining the process of prequalification of bidders for

Select the correct answer using the code given below.

(a) 1 and 2 only ✓

©Current Affairs {through MCQ’s} by Ayussh Sanghi