20-May-23: UPSC Current Affairs Daily Quiz

Ques:1

With reference to G7 Summit, consider the following statements

1. The G7 has no permanent staff or office and is not founded on a treaty.
2. United States  will host the 49th G7 Summit in 2023.

Which of the above statements is/are correct?

Ques:2

With reference to Securities and Exchange Board of India(SEBI) , consider the following statements

1. Before SEBI came into existence, Controller of Capital Issues was the regulatory authority.
2.  SEBI is a quasi-legislative and quasi-judicial body which can draft regulations, conduct inquiries, pass rulings and impose penalties

Which of the above statements is/are correct?

Ques:3

With reference to Mutual Funds, consider the following statements

1. It is an investment vehicle that pools funds from investors and invests in equities, bonds, government securities etc.
2. Companies that qualify to set up mutual funds, create Asset Management Companies (AMCs).
3. For the fund’s management, the AMC charges a fee to the investor known as the expense ratio which is a fixed fee for all mutual funds.

Which of the above statements are correct?

Ques:4

With reference to Tunga river, consider the following statements

1. It is formed by the confluence of the Tunga River and the Bhadra River which originate on the eastern slopes of the Eastern Ghats.
2. Pampa Sagar is a multipurpose dam built across Tungabhadra River.

Which of the above statements is/are correct?

Ques:5

With reference to Madrassas, consider the following statements

1. They emerged mainly to save Muslim identity in the face of growing colonial interventions.
2. They were established under Article 30 of the Constitution.

Which of the above statements is/are correct?

Ques:6

Which of the following is not true about Sustainable Aviation Fuel (SAF)?

Ques:7

With reference to the Permafrost, consider the following statements:

1. Permafrost is an icy expanse of frozen ground covering one-fifth of the Northern Hemisphere.
2. It remains completely frozen for at least three years straight.

Which of the statements given above is/are incorrect?

Ques:8

With reference to the Mission Coking Coal, consider the following statements:

1. It is an initiative of the Ministry of Steel to augment availability of Coking Coal.

2. Indian Coking coal has high ash content, thus not suitable for steel making.

Which of the statements given above are incorrect?

Ques:9

Consider the following statements with respect to STARS Programme?

1. It was launched in 2020 as a central sector scheme under Ministry of Education.
2. It is supported by the World Bank.
3. It will aim at enhancing quality-based learning outcomes under National Education Policy 2020.

Select the correct answer using the code given below:

Ques:10

With reference to Angel Tax, which of the following statements is/are correct?

1. It is a tax on startups if the funding they get exceeds the company's fair market value.

2. It was introduced in 2012 by amending Income Tax Act.

3. It aims to detect money laundering practices and catch bogus startups.

Select the correct answer using the code given below.