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 CURRENT AFFAIRS

PRACTICE QUESTIONS

Current Affairs MCQs for Practice – 03 Jan 2022

Question-1

Under the Pradhan Mantri Kisan Samman Nidhi scheme, farmers receive how much financial aid a year?

a)     Rs. 4000

b)    Rs. 8000

c)     Rs. 7500

d)    Rs. 6000

Ans- d

Explanation-

 Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of ₹6,000 a year is provided to the eligible farmer families, payable in three equal instalments of ₹2,000. The money is transferred directly to the bank account of the beneficiaries.

Question-2

India gifted five lakh doses of Covaxin on January 1, 2022 to which country?

a)     Afghanistan

b)    Yemen

c)     Sudan

d)    Mozambique

Ans- a

Explanation-

India began the New Year by handing over half-a-million doses of COVID-19 vaccines to Afghanistan on Saturday. The consignment is part of a gift of million doses, the supply of which will be completed within the coming weeks.

Question-3

Who is producing Covovax in India?

a)     Bharat Biotech

b)    Cipla

c)     Dr. Reddy’s Laboratories

d)    Serum Institute of India

Ans- d

Explanation-

Covovax is produced by the Serum Institute of India under licence from Novavax, a U.S.-based biotechnology company. Covovax has been approved by the World Health Organization under its Emergency Use Listing and therefore will also be available globally as part of the COVAX initiative.

Question-4

Consider the following statements regarding Operating Ratio.

a)     Operating Ratio is a term associated with Indian Railways and it is good if it is more than 100.

b)    Indian Railways had operating ratio of more than 90 percent in 2019-2020.

Which of the above statements is/are correct?

 (a) 1 only

 (b) 2 only

 (c) Both 1 and 2

 (d) Neither 1 nor 2

Ans- b

Explanation-

Operating ratio,is amount of money the Railways has to spend to earn ₹100. Lower operating ratio implies better financial health.

THE COMPTROLLER and Auditor General of India in its report on Railways’ finances noted that the Indian Railways’ operating ratio of 98.36% in 2019-2020 does not reflect its true financial performance and if the actual expenditure on pension payments is taken into account, the ratio will be 114.35 %.

Question-5

Consider the following statements regarding Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2021.

1.   ARIIA is an initiative of the Ministry of Education (MoE).

2.   It ranks majority of higher educational institutions in India on indicators related to innovation, start-up and entrepreneurship development among students and faculties.

3.   Only technical institutions participate in the ranking.

Which of the above statements is/are correct?

Ans- b

Explanation -

·      ARIIA is an initiative of the Ministry of Education (MoE) to systematically rank all major higher educational institutions in India on indicators related to innovation, start-up and entrepreneurship development among students and faculties.

·      ARIIA evaluates institutions on parameters such as patent filing and granted, number of registered students and faculty start-ups, fund generation by incubated start-ups, specialised infrastructure created by institutions to promote innovation and entrepreneurship, etc.

·      ARIIA-2021 ranking has been announced in various categories which include Centrally funded technical institutions (eg. IITs, NITs, etc), State universities, State stand-alone technical colleges, private universities, private stand-alone technical colleges, non-technical government and private universities and institutions.

·      In the year 2021 the participation was almost doubled to 1,438 institutes and quadrupled over the first edition.

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