UPSC CIVIL SERVICES EXAMINATION

PRELIMS 2019 SPECIAL

LECTURE 37

MCQs – CURRENT AFFAIRS

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Q1. Consider the following statements regarding Gold Monetization Scheme of RBI:

1. It is intended to mobilize the gold held by institutions as well as the households of the country so

as to facilitate its productive use.

2. The most important feature of the scheme is that even Regional Rural Banks(RRBs) will implement

the scheme.

3. Individuals , ETFs , MFs as well as the charitable institutions are eligible to make deposits.

Which of the above statement is incorrect?

a) 1 only

b) 2 only

c) 3 only

d) None of the above

Answer : b

QUESTION 1

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QUESTION 1

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GMS was launched in 2015 , with the intention to mobilize gold held by households and institutions of thecountry and facilitate its use for productive purposes

In the long run it is intended to reduce country’s reliance on the import of gold (during 2017 , India’s import ofprecious metals stood at 16.7% )

2

All Scheduled Commercial Banks excluding RRBs will be eligible to implement the Scheme3

Resident Indians - Individuals, HUFs, Proprietorship & Partnership firms, Trusts including Mutual Funds/ExchangeTraded Funds registered under SEBI (Mutual Fund) Regulations and Companies – are eligible for the deposit

4

1

With the recent amendment as notified in January 2019 , charitable institutions, Central Government, StateGovernment or any other entity owned by Central Government or State Government have also been madeeligible

5

QUESTION 1

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The minimum deposit at any one time shall be 30 grams of raw gold and there is no maximum limit for deposit under the scheme

Banks accept gold deposits under the Short Term (1-3 years) Deposit , Medium (5-7 years) term and Long (12-15 years) Term Government Deposit Schemes

Gold can be deposited in any physical form – jewellery, coins or bars

Customer have the choice to take cash or gold on redemption, but the preference has to be stated at the time of deposit

FEATURES OF THE SCHEME

Q2. The term “tokenisation” was seen in news recently. It is related to which of the following :

a) Card transactions

b) Prepaid Payment Instruments

c) MSME loans

d) NBFCs

Answer : a

QUESTION 2

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QUESTION 2

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Tokenisation refers to replacement of actual card details with an unique alternate code called the “token”1

Reserve Bank of India has recently permitted card networks for tokenisation in card transactions for aspecific use case , so as to improve safety and security of card transactions

2

With this , customers will be able to create a unique alternative code or ‘token’ that will mask their actualcard details to conduct financial transactions

3

Q3. Campaign #WWW: Web - WonderWomen is being appreciated a lot. Consider the following

statements regarding it :

1. It aims to encourage and honour the women driving agenda of social change through social media.

2. It has been launched by the Ministry of Women & Child Development.

3. Which of the above statement/s is/are incorrect?

a) 1 only

b) 2 only

c) 1 and 2 both

d) None of the above

Answer : d

QUESTION 3

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QUESTION 3

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‘#www : Web- WonderWomen’ is a campaign launched by the Ministry of Women and Child Development

The Campaign aims to discover and celebrate the exceptional achievements of women, who have been drivingpositive agenda of social change via social media

2

Nominations have been invited in a large number of categories including Health, Media, Literature, Art, Sports,Environmental protection, fashion among others

3

The Campaign invites Entries via nominations from Indian-origin women, working or settled anywhere in theworld

4

1

Q3. Second edition of “Khelo India Youth Games” has taken place in the first month of 2019.

Consider the following statements regarding it :

1. It is the first ever games event under the “Khelo India Programme”.

2. #5MinuteAur campaign has been launched to focus on the core of this event.

3. Which of the above statement/s is/are correct?

a) 1 only

b) 2 only

c) 1 and 2 both

d) None of the above

Answer : b

QUESTION 4

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QUESTION 4

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Khelo India Youth Games 2019 is the second edition of Khelo India , and is taking place from January 9-20 in Pune, Maharashtra

1

“#5MinuteAur” campaign has been launched by the Ministry of Youth Affairs and Sports , so as to encouragekids to play for those extra five minutes

2

Inaugural edition of Khelo India Games was called as Khelo India School Games had taken place in 2018 , with themessage “Kheloge Kudoge Banoge lajawaab” encouraging more kids to play every day

3

These events are being organized under the Khelo India Programme4

QUESTION 4

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The Khelo India Programme is a National Programme for the development of Sportslaunched by Ministry of Youth Affairs and Sports

It aims to revive the sports culture in India at the grass-root level , by building a strongframework for all sports played in our country and establish India as a great sporting nation

Talented players identified in priority sports disciplines at various levels by the High-PoweredCommittee

These players will be provided annual financial assistance of INR 5 lakh per annum for 8years

KHELO INDIA PROGRAMME

QUESTION 4

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Q5. 124th Constitutional Amendment is related to which of the following?

a) National Commission for Backward Classes

b) Economically Weaker Section Reservation

c) Citizenship Act

d) Women Reservation

Answer : b

QUESTION 5

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QUESTION 5

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124th Amendment Bill of the Constitution provides 10 per cent reservation in jobs and educational institutions to economically backward section in the general category.

1

The Bill amends Article 15 and 16 of the Constitution, by adding a clause which allows states to make "specialprovision for the advancement of any economically weaker sections of citizens".

2

These "special provisions“ relate to "their admission to educational institutions, including private educationalinstitutions, whether aided or unaided by the state, other than the minority educational institutions".

3

This reservation would be in addition to the existing reservations and subject to a maximum of ten per cent ofthe total seats in each category

4

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Thank You !