The Hindu Current Affairs MCQs by Jatin Verma July 25th, 2019

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By admin July 25, 2019 15:27

Question 1 With reference to ‘Merchant Discount Rate, consider the statements

  1. It is the rate charged to a merchant for payment processing services on debit card only .
  2. It is agreed prior to accepting debit card.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 & 2
  4. None of the above

Answer B

  • Only 2nd statement is correct
  •  The merchant discount rate is the rate charged to a merchant for payment processing services on debit and credit card transactions. The merchant must set up this service and agree to the rate prior to accepting debit and credit cards as payment.
  • The merchant discount rate is a fee that merchants must consider when managing the overall costs of their business. 
  • Local merchants and e-commerce merchants will typically have varying fees and service level agreements. 
  • Most merchants can expect to pay a 1% to 3% fee for payment processing of each transaction.
  •  Payment processors have well-established infrastructures and fee schedule arrangements in place to support all types of merchant payments.

 

Question 2. Consider the following statements about ‘‘Nord Stream’

  1. It is an initiative of Scandinavian countries.
  2. It is aim to get rid of global warming and achieve sustainable development.

Which of the above statements is/are correct?

  1. 1 only 
  2. 2 only
  3. Both 1 & 2
  4. None of the above

Answer D

  • All the statements are incorrect
  • Nord Stream is an offshore natural gas pipeline from Vyborg in the Russian Federation to Greifswald in Germany that is owned and operated by Nord Stream AG, whose majority shareholder is the Russian state company Gazprom. The project includes two parallel lines.

 

Question 3. Consider the following statements about Particularly Vulnerable Tribal Groups (PVTGs)

  1. Only 95 tribal groups have been categorized by Ministry of Home Affairs as PVTGs.
  2. PVTGs reside in all the states and Union Territories of India.

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 &2 
  4. None of the above

Answer D

  • Both the statement are incorrect 
  • PVTGs are more vulnerable among the tribal groups. Due to this factor, more developed and assertive tribal groups take a major chunk of the tribal development funds, because of which PVTGs need more funds directed for their development.
  • In this context, in 1975, the Government of India initiated to identify the most vulnerable tribal groups as a separate category called PVTGs and declared 52 such groups, while in 1993 an additional 23 groups were added to the category, making it a total of 75 PVTGs out of 705 Scheduled Tribes, spread over 17 states and one Union Territory (UT), in the country (2011 census).
  • Government of India designed a procedure to identify PVTGs. According to the procedure, the state governments or UT governments submit proposals to the Central Ministry of Tribal Welfare for identification of PVTGs. After ensuring the criteria is fulfilled, the Central Ministry selects those groups as PVTGs.

 

Question 4. Sometimes, seen in news ‘Plan Bee’ it is related-

  1. It is a project to  provide loan for Honey farmers
  2. It is a plan of Indian Railways to prevent Elephants from getting hit on tracks
  3. Distribution of honeybee colonies & beehives
  4. None of the above

Answer B

  • Option b is correct
  • Indian Railways launched the initiative,  ‘Plan Bee’ to prevent trains from hitting elephants crossing tracks.
  • Under the Northeast Frontier Railway (NFR)’s Plan Bee, a device, which costs around Rs 2,000 was installed first at the level crossings near Guwahati railway station.
  • The plan involves setting up of devices near tracks, which emit the ‘buzzing’ sound of swarming bees, considered as a natural nemesis of elephants.
  • The sound is audible to elephants 600 meters away and thus helps them in keeping away from the tracks

 

Question 5. Between which of the following countries is Venezuela sandwiched?

  1. Guyana 
  2. Surinam
  3. Colombia 
  4. Brazil

Choose the correct option

  1. 1, 2, 4
  2. 2,3,4
  3. 1, 3, 4
  4. All of the above

Answer C

 

Question 6. Consider the following statements, with reference to Atal Pension Yojana (APY)

  1. The maximum age of joining the scheme is 59 years
  2. APY is being administered by PFRDA

Which of the following statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both are True
  4. Neither 1 nor 2

Answer B

  • Only 2nd statement is correct
  • Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector.
  • The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.
  • The Atal Pension Yojana is administered by the Pension Fund Regulatory and Development Authority (PFRDA).
  • The pension starts after the participant in the scheme reaches the age of 60 years. 
  • The government will also contribute 50 percent of the subscriber’s contribution 
  • This applies only for those who are not covered by any statutory social welfare schemes and are not income tax payers.or Rs 1,000 per year, whichever is lower. 

Question 7. With reference to the Uranium Production consider the following statements

  1. Canada is the largest producer of Uranium in the world.
  2. Nuclear Power Corporation of India under the Department of Atomic Energy is responsible for uranium mining and processing. 

Which of the following statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both are True
  4. Neither 1 nor 2

Answer D

  • Both the statements are incorrect

Why in news?

  • Kazakhstan, world’s largest producer of uranium, is planning to increase the quantum of its India-bound supplies to 7,500-10,000 tonnes for a five-year period starting 2019 from 5,000 tonnes at present. 
  • Uranium Corporation of India (UCIL) is a centrally owned Public Sector Undertaking (PSU), under the Department of Atomic Energy for uranium mining and uranium processing.
  • The Nuclear Power Corporation of India Limited (NPCIL) is an Indian public sector, wholly owned by the Government of India and is responsible for the generation of nuclear power for electricity. 
  • NPCIL is administered by the Department of Atomic Energy (DAE).

 

Question 8. Tropical, hot and humid climates are suitable for its growth. It grows in humid or very humid subtropical forests. Where temperature ranges mostly between 18 to 35 degree C. Humidity level is usually near 75%. Usually grown in location with partial shade or filtered sunlight, away from the full direct Sun.

The above statement refers to which crop?

  1. Cashew Nut
  2. Cardamom
  3. Coconut
  4. Coffee

Answer B

  • Cardamom

Why in news?

  • Saudi Arabia Food and Drug Autority has detained four import consignments of cardamom from India due to detection of pesticide residue above the Maximum Residue Level (MRL).
  • Plant cardamom in a location with partial shade or filtered sunlight, away from the full direct sun as it grows up to 2 – 4 m in height under the canopy of much higher trees.
  • Sandy, loamy soil that is rich in organic matter and manure is optimal. It requires a slightly acidic to neutral pH level around 6 – 6.8. It can also tolerate acidic soils down to 5.5 – 6.

Cardamom grows in the rainforest. These areas mostly receive rainfall 200 days annually. So it is essential to keep the soil consistently moist, don’t let the soil to dry out ever. In summer or when the plant is setting fruits, increase watering.

 

Question 9. Consider the following statements

  1. Revenue generated from custum duty has a constant increasing trend from last five year.
  2. Revenue generated from IGST + Compensation (Cess) has decreased from last two year.

Which of the follwing statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both are True
  4. Neither 1 nor 2

Answer D

  • Only 1st statement is correct
  • The revenue generated from customs duty has an increasing trend from 2009-10 to 2016-17. As the customs (CVD & SAD) has been subsumed under GST from 1st July 2017, the customs duty collection has declined in 2017-18 and 2018-19  
  • Revenue generated from IGST+ Compensation Cess (Net) from imports has substantially increased in past two years.

 

Question 10. Consider the following statements

  1. Geographical Indications are registered by Geographical Indication Registry.
  2. The total number of register GI products associated to Handicraft type are more than Agriculture type.

Which of the following statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both are True
  4. Neither 1 nor 2

Answer C

  • Both the statement are correct

Why in news?

  • As on 20.07.2019, 301 Indian products have been registered as GIs. 172 products are from Handicraft type and 104 Agriculture type rest are Food, Natural and Manufactured type
  • Agricultural, natural or manufactured goods are registered as Geographical Indications (GI) by the Geographical Indications Registry as per the provisions of the Geographical Indications of Goods (Registration & Protection) Act, 1999.

 

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By admin July 25, 2019 15:27