CURRENT AFFAIRS DAILY MCQs JULY 20, 2018

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1 1. Consider the following statements about the Fair and Remunerative Price. 1) The Fair and Remunerative Pricing is used in jute industry to replace the MSP. 2) It takes into account various factors such as cost of production, domestic and international prices, overall demand-supply situation, etc. 3) This was started based on the Swaminathan Commitee report on pricing of this commodity. Which of the above statement is/are incorrect? (a) 1 and 2 only (b) 2 only (c) 1 and 3 only (d) All of the above. Answer: c The Fair and Remunerative Pricing is used in sugarcane industry to replace the MSP. The FRP is the minimum price that sugar mills have to pay to sugarcane farmers. It takes into account various factors such as cost of production, domestic and international prices, overall demand-supply situation,inter-crop price parity, terms of trade prices of primary by-products and its impact on general price level and resource use efficiency. This is based on the Rangarajan Commitee report of reorganising the sugarcane industry. 2. Which of the following acts have been repealed by passing of the State Banks (Repeal and Amendment) Bill, 2017?

2 1) State Bank of India (Subsidiary Banks) Act, ) State Bank of Patiala Act, ) State Bank of India (SBI) Act, 1955 Choose the correct answer using the codes below. (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) All of the above Answer: a The bill repeals two Acts namely State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, These two acts had established State Bank of Bikaner, State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad and State Bank of Travancore. The bill seeks to amend and not repeal the State Bank of India (SBI) Act, 1955 to remove references to subsidiary banks and powers of SBI to act as an agent of the RBI for subsidiary banks. 3. Consider the following statements regarding the freshwater resources present all over the world. 1) Fresh water is any naturally occurring water including sea water and brackish water. 2) Freshwater provides habitat for almost 70% of world s known species. Which of the above statement is/are correct?

3 (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Answer: d Fresh water is any naturally occurring water except seawater and brackish water. Fresh water includes water in ice sheets, ice caps, glaciers, icebergs, bogs, ponds, lakes, rivers, streams, and even underground water called groundwater. Freshwater ecosystem areas account for 0.01% of world s water. Freshwater provides habitat for almost 10% of world s known species. 4. Which of the following has recently secured a "trademark" for its iconic building? (a) Taj Mahal, Agra (b) Phiroze Jeejeebhoy Towers, Mumbai (c) Cyberhub, Gurgaon (d) Indian Parliament, New Delhi Answer: b Stock exchange major BSE has secured a "trademark" for its iconic building Phiroze Jeejeebhoy Towers which is located on Dalal Street. Subsequently, the usage of the BSE building's picture will require consent from BSE. The 28-floor building took almost 10 years to build and was finally completed in At the time of its completion, it was the tallest building in India.

4 Initially known as BSE Towers, the building was soon renamed after the late chairman of BSE, Sir Phiroze Jamshedji Jeejeebhoy. 5. Which of the following articles of the Indian Constitution is directly or indirectly violated by barring of women into temples due to biological reasons? 1) Articles 14 2) Article 15 3) Article 21 4) Article 17 Choose the correct code. (a) 1 and 3 only (b) 2 and 4 only (c) 2, 3 and 4 only (d) 1, 2 and 3 only Answer: d Articles 14: Equality before law: The State shall not deny to any person equality before the law or the equal protection of the laws within the territory of India Prohibition of discrimination on grounds of religion, race, caste, sex or place of birth. Article 15: It talks about prohibition of discrimination on the basis of sex, religion, caste, colour or place of birth. Article 21: Protection Of Life and Personal Liberty: No person shall be deprived of his life or personal liberty except according to procedure established by law. Article 17 is not violated as it relates to the issue of untouchability.

5 6. Which of the following will be covered under the special remission scheme for prisoners? 1) Transgender convicts above 55 who have completed half of their prison sentences. 2) Physically challenged convicts with 70% disability and more who have completed half of their jail term. 3) All Prisoners sentenced to death above 60 who have completed more than two third of their prison sentences. Choose the correct answer using the codes below. (a) 1 and 2 only (b) 3 only (c) 1 and 3 only (d) All of the above Answer: a Women and transgender convicts above 55 and male convicts over 60 who have completed half of their prison sentences will be released. Physically challenged convicts with 70% disability and more who have completed half of their jail term will be released. Terminally-ill convicts and prisoners who have completed two-thirds of their actual sentence will also be released. The special remission will not be given to prisoners sentenced to death or whose sentence has been commuted to life imprisonment. 7. Kanyashree Prakalpa initiative that seeks to reduce the high child marriage rates and low female education rates and which also won the prestigious UN Public Service Award is run by which of the following?

6 (a) Uttar Pradesh (b) Haryana (c) West Bengal (d) Kerala Answer: c Kanyashree Prakalpa is an initiative taken by the Government of West Bengal to improve the life and the status of the girls by helping economically backward families with cash so that families do not arrange the marriage of their girl child before eighteen years because of economic problem. It has been given international recognition by the United Kingdom s Department of International Development and the UNICEF.