UPSC Quiz – 2019 : IASbaba’s Daily Current

Affairs Quiz Day 163

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Q.1) ‘Rakhigarhi’ was in news recently in the context of

1. Laser Interferometer Gravitational-wave Observatory (LIGO-India)
2. Mining in the Aravalli mountain range
3. Harappan Civilisation
4. Nuclear Power Plant

Q.2) Consider the following statements about ‘Leptospirosis’

1. It affects both humans and animals
2. It is a viral disease
3. The most common animals that spread the disease are rodents

Select the correct statements

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

Q.3) Consider the following statements with respect to ‘vote on account’

1. A vote on account is the process by which an incumbent government obtains votes from Parliament to draw money from the Consolidated Fund of India
2. A ‘vote-on- account’ only deals with the expenditure in Government’s budget, while an “interim budget” includes both expenditure and receipts

Select the correct statements

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

Q.4) Which of the following statements correctly explains the term ‘Oligopoly’?

1. A market condition where only one firm dominates the market.
2. A state of limited competition, in which a market is shared by a small number of producers or sellers.
3. A state of ideal completion with a number of firms with similar production capacity.
4. A market where firms have made a group to control the prices.

Q.5) One of the methods of Money Laundering is ‘Round Tripping’. Which of the following statements regarding ‘Round Tripping’ are correct?

1. Round Tripping refers to a practice of selling an unused asset to another company while agreeing to buy back the same asset for about the same price.
2. Round-trip trading artificially inflates volume and revenues, and adds to large profits.

Select the code from the following:

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

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All the Best 

IASbaba