Current Affairs Quiz 17 December 2022
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Current Affairs Quiz 17 December 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following stateemnts are incorrect about PMNRF?
1. PMNRF was established by the Prime Minister of India, Shashtri Ji.
2. The initial purpose of establishing PMNRF was to help the people displaced due to partition of India and Bangladesh.
3. PMNRF has been attached with all Centre and State-run hospitals and many private hospitals as well.
Which of the statements given above is/are correct?CorrectAns;- a) Only 1 and 2
About PMNRF
• This fund was instituted in 1948 by then Prime Minister Jawaharlal Nehru, to assist displaced persons from Pakistan.
• The fund is currently used primarily to tackle natural calamities like floods, cyclones and earthquakes.
• The fund is also used to help with medical treatment like kidney transplantation, cancer treatment and acid attack.
• The fund consists entirely of public contributions and does not get any budgetary support.
• It accepts voluntary contributions from Individuals, Organizations, Trusts, Companies and Institutions etc.
• The corpus of the fund is also invested in various forms with scheduled commercial banks and other agencies. Disbursements are made with the approval of the Prime Minister.
• The fund is recognized as a Trust under the Income Tax Act and the same is managed by the Prime Minister or multiple delegates for national causes.
• Contributions towards PMNRF are notified for 100% deduction from taxable income under section 80(G) of the Income Tax Act, 1961.IncorrectAns;- a) Only 1 and 2
About PMNRF
• This fund was instituted in 1948 by then Prime Minister Jawaharlal Nehru, to assist displaced persons from Pakistan.
• The fund is currently used primarily to tackle natural calamities like floods, cyclones and earthquakes.
• The fund is also used to help with medical treatment like kidney transplantation, cancer treatment and acid attack.
• The fund consists entirely of public contributions and does not get any budgetary support.
• It accepts voluntary contributions from Individuals, Organizations, Trusts, Companies and Institutions etc.
• The corpus of the fund is also invested in various forms with scheduled commercial banks and other agencies. Disbursements are made with the approval of the Prime Minister.
• The fund is recognized as a Trust under the Income Tax Act and the same is managed by the Prime Minister or multiple delegates for national causes.
• Contributions towards PMNRF are notified for 100% deduction from taxable income under section 80(G) of the Income Tax Act, 1961. - Question 2 of 5
2. Question
Consider the following statements with regard to depreciation:
1. It refers to that portion of the capital goods which goes in maintenance and replacement of existing goods due to wear and tear.
2. To obtain net investment in an economy, depreciation is subtracted from the gross investment.
3. It takes into account unexpected fall in the market value of the assets due to recession.
Which of the statements given above is/are correct?CorrectAnswer: D
It does not take in account unexpected and sudden destruction caused due to fall in the market value of the assets due to economic recession, natural calamities like earthquake, floods or fire. Loss value of fixed assets owing to unexpected obsolescence is called capital loss not depreciationIncorrectAnswer: D
It does not take in account unexpected and sudden destruction caused due to fall in the market value of the assets due to economic recession, natural calamities like earthquake, floods or fire. Loss value of fixed assets owing to unexpected obsolescence is called capital loss not depreciation - Question 3 of 5
3. Question
Which of the following statements are correct about Central Bank Digital Currency?
1. It will be held in a digital wallet that is supervised by the Central bank.
2. In India, it will be the SBI that supervises the digital rupeeSelect the correct answer using the codes below.
CorrectAnswer : A
Central Bank Digital Currency
• A CBDC is no different from the cash that we hold in our wallets, except that it exists in a digital form.
• It will be held in a digital wallet that is supervised by the Central bank.
• In India, it will be the RBI that supervises the digital rupee although it may delegate some power to banks.
• It should be noted that the RBI’s digital rupee will not directly replace demand deposits held in banks.
• Physical cash will continue to be used by banks, and people who wish to withdraw cash from banks can still do so. But they can also opt to convert their bank deposits into the new digital rupee.IncorrectAnswer : A
Central Bank Digital Currency
• A CBDC is no different from the cash that we hold in our wallets, except that it exists in a digital form.
• It will be held in a digital wallet that is supervised by the Central bank.
• In India, it will be the RBI that supervises the digital rupee although it may delegate some power to banks.
• It should be noted that the RBI’s digital rupee will not directly replace demand deposits held in banks.
• Physical cash will continue to be used by banks, and people who wish to withdraw cash from banks can still do so. But they can also opt to convert their bank deposits into the new digital rupee. - Question 4 of 5
4. Question
Consider the following statements with respect to Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018:
1. Rehabilitation Fund was created for the first time.
2. Time bound trial and repatriation of the victims – within a period of one year from taking into cognizance and designated courts in each district for the speedy trial of the cases.Which of the statement(s) given above is/are correct?
CorrectAnswer : C
Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018:
The main features of the bill include:
• The confidentiality of victims/ witnesses and complainants by not disclosing their identity.
• Time bound trial and repatriation of the victims – within a period of one year from taking into cognizance and designated courts in each district for the speedy trial of the cases.
• Immediate protection of rescued victims and their rehabilitation.
• Rehabilitation Fund created for the first time.
• The Bill creates dedicated institutional mechanisms at District, State and Central Level. National Investigation Agency (NIA) will perform the tasks of Anti-Trafficking Bureau at the national level present under the Ministry of Home Affairs (MHA).
Punishment ranges from rigorous minimum 10 years to life and fine not less than Rs. 1 lakh.IncorrectAnswer : C
Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill, 2018:
The main features of the bill include:
• The confidentiality of victims/ witnesses and complainants by not disclosing their identity.
• Time bound trial and repatriation of the victims – within a period of one year from taking into cognizance and designated courts in each district for the speedy trial of the cases.
• Immediate protection of rescued victims and their rehabilitation.
• Rehabilitation Fund created for the first time.
• The Bill creates dedicated institutional mechanisms at District, State and Central Level. National Investigation Agency (NIA) will perform the tasks of Anti-Trafficking Bureau at the national level present under the Ministry of Home Affairs (MHA).
Punishment ranges from rigorous minimum 10 years to life and fine not less than Rs. 1 lakh. - Question 5 of 5
5. Question
PM CARES Fund recently seen in the news, consider the following statements:
1. The Minister of Home Affairs is the ex- officio chairman of Board of trustee of fund.
2. It provides support and relief measure in case of natural as well as man-made calamity or distress.
3. The fund is audited by the Comptroller and Auditor General of India in every financial year,
Which of the statements given above is/are correct?CorrectAnswer: B
The Prime Minister is Chairperson (ex-officio) of the PM CARES Fund and Minister of Defence,
Minister of Home Affairs and Minister of Finance, Government of India are ex-officio
Trustees of the Fund.PM CARES Fund is audited by an independent auditor.
IncorrectAnswer: B
The Prime Minister is Chairperson (ex-officio) of the PM CARES Fund and Minister of Defence,
Minister of Home Affairs and Minister of Finance, Government of India are ex-officio
Trustees of the Fund.PM CARES Fund is audited by an independent auditor.
