Current Affairs Quiz 27 December 2024
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Current Affairs Quiz 27 December 2024 For UPSC Exam
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- Question 1 of 5
1. Question
Which among the following is an objective of economic liberalization introduced in 1991?
CorrectAnswer: (b) Boosting foreign exchange reserves and encouraging FDI.
Explanation:
● Economic liberalization in 1991 aimed at addressing India’s severe balance of payments crisis.
● Key objectives included increasing foreign exchange reserves, reducing import restrictions, encouraging Foreign Direct Investment (FDI), and deregulating industries.
● The reforms sought to reduce state control and foster a market-oriented economy, making option (b) correct.
IncorrectAnswer: (b) Boosting foreign exchange reserves and encouraging FDI.
Explanation:
● Economic liberalization in 1991 aimed at addressing India’s severe balance of payments crisis.
● Key objectives included increasing foreign exchange reserves, reducing import restrictions, encouraging Foreign Direct Investment (FDI), and deregulating industries.
● The reforms sought to reduce state control and foster a market-oriented economy, making option (b) correct.
- Question 2 of 5
2. Question
Wealth tax is applicable to which of the following assets?
1. Residential properties owned by individuals.
2. Agricultural land.
3. Jewelry and precious stones.
Select the correct answer using the code given below:
CorrectAnswer: (b) 1 and 3 only
Explanation:
● Wealth tax (abolished in 2015) was applicable to assets like residential properties, jewelry, precious stones, and luxury cars.
● However, agricultural land was exempt from wealth tax as per the Income Tax Act of India.
● Thus, only 1 and 3 are taxable assets, making option (b) correct
IncorrectAnswer: (b) 1 and 3 only
Explanation:
● Wealth tax (abolished in 2015) was applicable to assets like residential properties, jewelry, precious stones, and luxury cars.
● However, agricultural land was exempt from wealth tax as per the Income Tax Act of India.
● Thus, only 1 and 3 are taxable assets, making option (b) correct
- Question 3 of 5
3. Question
The Sharm El-Sheikh Declaration, signed in 2009, is associated with which of the following key issues?
CorrectAnswer: (d) Joint counter-terrorism efforts
Explanation:
● The Sharm El-Sheikh Declaration was adopted at the Non-Aligned Movement (NAM) summit in Egypt, 2009.
● It emphasized the need for collective efforts in combating terrorism and enhancing international security.
● It was not directly linked to climate change, trade, or disarmament, making (d) the correct answer.
IncorrectAnswer: (d) Joint counter-terrorism efforts
Explanation:
● The Sharm El-Sheikh Declaration was adopted at the Non-Aligned Movement (NAM) summit in Egypt, 2009.
● It emphasized the need for collective efforts in combating terrorism and enhancing international security.
● It was not directly linked to climate change, trade, or disarmament, making (d) the correct answer.
- Question 4 of 5
4. Question
Which part of the human body is primarily affected by polio?
CorrectAnswer: (a) Nervous system
Explanation:
● Polio is caused by the poliovirus, which primarily targets the central nervous system.
● It can lead to paralysis by damaging motor neurons.
● Other systems may face secondary effects, but the primary impact is on the nervous system, making (a) correct.
IncorrectAnswer: (a) Nervous system
Explanation:
● Polio is caused by the poliovirus, which primarily targets the central nervous system.
● It can lead to paralysis by damaging motor neurons.
● Other systems may face secondary effects, but the primary impact is on the nervous system, making (a) correct.
- Question 5 of 5
5. Question
Which ministry in India is primarily responsible for the development and regulation of Artificial Intelligence (AI)?
CorrectAnswer: (a) Ministry of Electronics and Information Technology (MeitY)
Explanation:
● MeitY is the nodal ministry for driving India’s digital initiatives, including AI development and regulation.
● It implements AI policies, promotes digital infrastructure, and ensures ethical AI use.
● While other ministries contribute to AI-related research or education, MeitY is the primary body, making (a) correct.
IncorrectAnswer: (a) Ministry of Electronics and Information Technology (MeitY)
Explanation:
● MeitY is the nodal ministry for driving India’s digital initiatives, including AI development and regulation.
● It implements AI policies, promotes digital infrastructure, and ensures ethical AI use.
● While other ministries contribute to AI-related research or education, MeitY is the primary body, making (a) correct.
