IASbaba Daily Current Affairs Quiz [Day 21]

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Q.1) On June 27, 2016, the Government amended the RBI Act to hand over the job of monetary policy-making in India to a newly constituted Monetary Policy Committee (MPC). Consider the following statements

1. MPC composes of seven member committee led by RBI Governor. 3 members from the RBI — the Governor, a Deputy Governor and another official and 4 independent members to be appointed by the Central Government
2. Urjit Patel Committee mooted having an MPC so that these decisions could be made through majority vote
3. Having both Government and RBI members on the MPC was suggested for accountability

Which of the statements given above is/are correct?

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

Q.2) Consider the following statements about hydrofluorocarbons (HFCs)

1. HFCs are ozone depleting chemical substances
2. Montreal protocol deals with phasing out of HFCs

Select the correct statement(s)

1. Only 1
2. Only 2
3. Both 1 and 2
4. None of the above

Q.3) Recently Maria Sharapova was banned for consumption of a drug & the same drug was banned by World Anti-Doping Agency (WADA). Which is that drug?

1. Acetylsalicylic Acid
2. Paracetamol
3. Creatine
4. Meldonium

Q.4) Which of the following statement(s) about GST Council is/are correct?

1. It will be chaired by Union Finance Minister
2. It will promote cooperative federalism
3. The Council will give the Centre one-third voting power and the states two-thirds

Select the correct code:

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

Q.5) Consider the following statements about Buckingham Canal

1. It runs parallel to the Coromandel Coast
2. It is a part of National Waterway 4
3. It is a freshwater navigation canal

Select the correct statement(s)

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

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All the best

IASbaba