DAILY

 CURRENT AFFAIRS

PRACTICE QUESTIONS

Current Affairs MCQs for Practice – 02 Feb 2022

Question-1

India’s GDP is expected to grow by ____% in FY22.

a)     8.5

b)     9.2

c)      8

d)     9

Ans- b

Explanation-

India’s GDP is expected to grow by 9.2% this year and 8% to 8.5% in 2022-23, through hardening inflation and energy prices along with tightening of global liquidity pose a challenge, according to the Economic Survey for 2021-22 tabled by Union Finance Minister Nirmala Sitharaman in Parliament on 01 Feb 2022.

Question-2

When did India recorded its highest GST collection since the introduction of the tax in July 2017?

a)                 January, 2022

b)                 July, 2019

c)                  April, 2021

d)                 October, 2020

Ans- c

Explanation-

The numbers are likely to be revised upwards as they only factored in returns filed till 3 pm on Monday. The highest monthly GST collection since the introduction of the tax in July 2017, was ₹1,39,708 crore recorded in April last year.

Question-3

Which of the following methods will possibly help in Sequestering Carbon to Avoid Climate Catastrophe?

1.Carbon farming2.Adding Biochar to soil
3. Fertilizing the ocean

Select the correct answer using the code given below.

a)     1 and 2

b)     2 and 3 only

c)      1, 2 and 3

d)     1 and 3 only

Ans- c

Explanation-

• Most farming is intended to produce something that’s harvested from the land. Carbon farming is the opposite. It uses plants to trap CO2, then strategically uses practices such as reducing tilling, planting longer rooted crops and incorporating organic materials into the soil to encourage the trapped carbon to move into and stay in the soil.
• Another way to enhance plants’ ability to store carbon is to partly burn materials such as logging slash or crop waste to make a carbon-rich, slow-to-decompose substance known as biochar, which can then be buried or spread on farmland. Biochar has been used for centuries to enrich soil for farming, but of late has been drawing increased attention for its ability to sequester carbon.
• Plants and plant like organisms that live in the ocean absorb immeasurable amounts of CO2 each year, their ability to do so limited only by the availability of iron, nitrogen and other nutrients they need to grow and multiply. So researchers are looking at strategies for fertilizing the ocean or bringing nutrients up from the depths to hyperdrive plants’ ability to trap and store carbon.

Question-4

Which of the following will possibly help in formalisation of Indian economy?

1.e-shram portal
2.Currency demonetisation
3.Introduction of goods and services tax
4.Digitalisation of financial transactions

Select the correct answer using the code given below.

a)     1 and 4

b)     2 and 3 only

c)      All of the above

d)     1, 3 and 4

Ans- c

Explanation-

• The larger purpose of demonetisation was to move INDIA from a Tax Non-compliant society to a compliant society.  This necessarily involved the formalisation of the Economy and a blow to the black money.
• One of the objectives of the e -shram portal is to improve the implementation efficiency of the social security services for the unorganized workers.(ii) Integration of Social Security Schemes meant for UWs being administered by Ministry of labour and subsequently those run by other ministries as well.
• As the businesses that were previously outside the tax net will sought GST registration, formalization  of economy is expected to rise.
• Digital technology can make it easier for firms to comply with tax requirements and other regulations. At the same time, the use of such tools can help governments remedy institutional weaknesses, which contribute to informality in developing countries.

Question-5

Which of the following show the impact of fuel price rise on Indian economy?

1.Fall in value of rupee
2.Fall in current account deficit
3.Lower discretionary spending

Which of the statements given above is/are correct?

a)     1 and 2 only

b)     2 and 3 only

c)      1 and 3 only

d)     1, 2 and 3 only

Ans- a

Explanation-

Higher fuel prices take a toll on the consumer. Rise in fuel prices may eat up a major portion of income and they also lead to inflation. Hence, there is a reduction in discretionary spending. The rise in oil prices make the situation worse for the government as well. Every $10 increment leads to an increase of about $10 billion in current account deficit. Rising oil prices also reduce the GDP by about 0.5% for every $10 increase. Also as India is largely dependent on import for its fuel requirement , it will improve the import bill of the country. Increase in current account deficit (CAD) will have a negative impact on the value of rupee. 

Question- 6

South Atlantic ocean and south east pacific ocean rarely see any tropical cyclone formation, which of the following can be the reasons for the same

1.Higher Sea surface temperature
2.Presence of warm currents

Which of the statements given above are correct?

a)     1 only

b)     2 only

c)      Both 1 and 2

d)     Neither 1 nor 2

Ans- d

Explanation-

• The most proximate reasons for the lack of cyclone formation in the regions are sea surface temperatures that tend to run a shade cooler than ideal for tropical cyclone formation even in the southern summer.
• Also there is presence of cold current on both the South east pacific coast(cold peruvian current present here) and on the south Atlantic coast (Cold Benguela Current). The cold currents lower the surface temperatures of these coasts making them unfit for the breeding of cyclonic storms.

Question 7

Which of the following tree species are usually found in tropical evergreen forests?

1.Rosewood
2.Teak
3. Shisham

Select the correct answer using the code given below:

a)     1 only

b)     1 & 2 only

c)      3 only

d)     All of the above

Ans- a

Explanation-

Species found in Tropical evergreen forests include rosewood, mahogony, aini, ebony, etc. Tropical (moist) deciduous forests are found in the north-eastern states along the foothills of Himalayas, eastern slopes of the Western Ghats and Odisha. Teak, sal, shisham, hurra, mahua, amla, semul, kusum, and sandalwood etc. are the main species of these forests.

Question 8

With reference to Parasitic Plants, consider the following statements:

1. Some parasitic plants are capable of Photosynthesis.
2. The defining structural feature of a parasitic plant is the haustorium.

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

Ans- c

Explanation-

Both statements are correct.

• Statement 1 is correct:Hemiparasites are capable of photosynthesis to some extent.
  
  
• Statement 2 is correct: The defining structural feature of a parasitic plant is the haustorium, a specialized organ that penetrates the host and forms a vascular union between the plants.

Question 9

With reference to Bomb Cyclone, consider the following statements:

1. A bomb cyclone occurs when a cyclone rapidly increases its atmospheric pressure.
2.Bomb Cyclones are different from Hurricanes.

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

Ans-b

Explanation-

Statement 1 is incorrect: A bomb cyclone occurs when a mid-latitude cyclone rapidly intensifies or quickly drops in atmospheric pressure, marking the strengthening of the storm. Statement 2 is correct:

• Bomb cyclones form during winter while Hurricanes form from late spring to early fall.
• Bomb cyclones have cold air and fronts
• Bomb cyclones form at higher latitudes, on the other hand, Hurricanes form in tropical waters.

Hence, Bomb Cyclones are different from Hurricanes. 

Question 10

With reference to protected monuments/sites under the Archaeological Survey of India (ASI), consider the following statements:

1. Both the conservation and maintenance of the site will be done by ASI.
2.Maharastra have the highest number of protected monuments/sites in India.
3.In India, to be declared as Ancient monument the site has to exist for at least 100 years.

Which of the statements given above is/are correct?

a)     1 & 3 only

b)     2 and 3 only

c)      All of the above

d)     2 only

Ans- a

Explanation-

Statement 3 is correct: According to the Ancient Monuments and Archaeological Sites and Remains Act, 1958, an “Ancient Monument means any structure, erection or monument, or any tumulus or place of interment, or any cave, rock-sculpture, inscription or monolith which is of historical, archaeological or artistic interest and which has been in existence for not less than 100 years." Statement 2 is incorrect: There were 3,686 centrally protected monuments/sites under the ASI in the country; the number has now increased to 3,693. Uttar Pradesh (745 monuments/sites), Karnataka (506) and Tamil Nadu (413) have the highest number of ASI-maintained sites. Statement 3 is correct: Once declared as protected monuments/site, both the conservation and maintenance of the site will be done by ASI. 

Source- The Hindu Newspaper/ The Indian Express/ Down to Earth /PIB