1st June 2021 Current Affairs Quiz
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1st June 2021 Current Affairs Quiz for UPSC Prelims
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- Question 1 of 5
1. Question
Who among the following is the head of GST Council.
CorrectAnswer: A
• To formulate the GST regulations, the government has appointed a GST Council that consists of 33 members, headed by the Union Finance Minister.• Decisions in the council are taken by the majority of 3/4th members.
IncorrectAnswer: A
• To formulate the GST regulations, the government has appointed a GST Council that consists of 33 members, headed by the Union Finance Minister.• Decisions in the council are taken by the majority of 3/4th members.
- Question 2 of 5
2. Question
Which of the following are considered as the Neglected Tropical Diseases?
1. Dengue
2. lymphatic filariasis
3. Rabies
4. Swine Flu
Select the correct answer using the code given below.CorrectAnswer: C
Neglected tropical diseases (NTDs), such as dengue, rabies, leprosy, lymphatic filariasis, trachoma,
and leishmaniasis, are called “neglected,” because they generally afflict the world’s poor and
historically have not received as much attention as other diseases. NTDs tend to thrive in developing
regions of the world, where water quality, sanitation, and access to health care are
substandard. However, some of these diseases also are found in areas of the United States with high rates
of poverty.Swine influenza is an infection caused by any one of several types of swine influenza viruses. Swine
influenza virus (SIV) or swine-origin influenza virus (S-OIV) is any strain of the influenza family of
viruses that is endemic in pigs. Due to its worldwide spread in 2009, it was declared as a pandemic.
Hence the correct option is (c)IncorrectAnswer: C
Neglected tropical diseases (NTDs), such as dengue, rabies, leprosy, lymphatic filariasis, trachoma,
and leishmaniasis, are called “neglected,” because they generally afflict the world’s poor and
historically have not received as much attention as other diseases. NTDs tend to thrive in developing
regions of the world, where water quality, sanitation, and access to health care are
substandard. However, some of these diseases also are found in areas of the United States with high rates
of poverty.Swine influenza is an infection caused by any one of several types of swine influenza viruses. Swine
influenza virus (SIV) or swine-origin influenza virus (S-OIV) is any strain of the influenza family of
viruses that is endemic in pigs. Due to its worldwide spread in 2009, it was declared as a pandemic.
Hence the correct option is (c) - Question 3 of 5
3. Question
Which of the following statements correctly describe the term ‘Gig Economy’?
CorrectAnswer: C
IncorrectAnswer: C
- Question 4 of 5
4. Question
Consider the following statements about the Emergency Credit Line Guarantee scheme.
1. It provides 100% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC)
2. Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
Which of the above statement is/are correct?CorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
• Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
• The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
• Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
• No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
• Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.IncorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
• Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
• The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
• Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
• No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
• Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs. - Question 5 of 5
5. Question
Which of the following statements regarding MSP i.e. Minimum Support Price are Correct?
1) MSP is decided after sowing the crops
2) MSP is fixed by respective state governments
3) MSP is 1.5 times of the cost of production
Which of the above statement is/are correct?CorrectAns:- c) Only 3
Explanation:-
Statement 1 is not correct because , MSP is decided before sowing the crops , Statement 2 is not correct because the MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP), the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by the CACP.
Statement 3 is correct because it is 1.5 times cost of production
IncorrectAns:- c) Only 3
Explanation:-
Statement 1 is not correct because , MSP is decided before sowing the crops , Statement 2 is not correct because the MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP), the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by the CACP.
Statement 3 is correct because it is 1.5 times cost of production
