IASbaba Daily Current Affairs Quiz [Day 127]

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Q.1) Consider the following statements about Urban Reform Incentive Fund

1. The funds under URIF would be utilized by the States only for Housing, Urban Development and Poverty Alleviation projects/schemes including filling of any gaps in the funding of such projects/schemes
2. Ministry of Urban Employment & Poverty Alleviation will recommend releases of funds under URIF to the Ministry of Finance on the achievement of milestones as assessed by the Empowered Committee

Which of the following statements is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

Q.2) Consider the following statements about Algorithmic Trading

1. It is a system of trading which facilitates transaction decision making in the financial markets using advanced mathematical tools
2. It is also called as black box trading

Which of the following statements is/are correct?

1. Only 1
2. Only 2
3. Both1 and 2
4. Neither 1 nor 2 

Q.3) Nyokum Yullo festival is celebrated in which of the following states?

1. Arunachal Pradesh
2. Mizoram
3. Meghalaya
4. Assam

Q.4) Consider the following statements about ‘None of The Above’ (NOTA) option in the Indian electoral system

1. NOTA was introduced in India following the 2013 Supreme Court directive in the People’s Union for Civil Liberties v. Union of India judgment
2. India is the first country to institute negative voting
3. It provides for ‘right to reject’

Which of the following statements is/are correct?

1. Only 1
2. 1 and 2
3. 2 and 3
4. 1 and 3

Q.5) Which of  the following statements about National Commission for Scheduled Tribes (NCST) is/are correct?

1. It was established by amending Article 338 and inserting a new Article 338A in the Constitution through the Constitution (89th Amendment) Act, 2003
2. The Chairperson of NCST has been given the rank of Union Cabinet Minister, and the Vice-Chairperson that of a Minister of State and other Members have the ranks of a Secretary to the Government of India
3. Both (a) and (b)
4. Neither (a) nor (b)

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All the best

IASbaba