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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Consider the following statements regarding ‘Digital Rupee’
Choose the correct statements
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Correct |
| Digital Rupee will be issued by the Reserve Bank of India starting 2022-23 | The Central Bank Digital Currency (CBDC) will use block chain and other technologies. |
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794160
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Correct |
| Digital Rupee will be issued by the Reserve Bank of India starting 2022-23 | The Central Bank Digital Currency (CBDC) will use block chain and other technologies. |
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794160
Arrange the following items in the increasing order of their expenditure according to Union Budget 2022-23.
Select the appropriate code
‘RAMP Programme’ recently announced in budget is related to
Solution(d)
Raising and Accelerating MSME Performance (RAMP) programme with outlay of Rs 6,000 crore over 5 years will be rolled out to make the MSME sector more resilient, competitive and efficient.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794167
Solution(d)
Raising and Accelerating MSME Performance (RAMP) programme with outlay of Rs 6,000 crore over 5 years will be rolled out to make the MSME sector more resilient, competitive and efficient.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794167
Consider the following statements regarding ‘Prime Minister’s Development Initiative For North-East (PM-DevINE)’ scheme
Choose the correct statements
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Incorrect |
| The scheme will fund infrastructure, in the spirit of PM GatiShakti, and social development projects based on felt needs of the North-East. This will enable livelihood activities for youth and women, filling the gaps in various sectors. | PM-DevINE will be implemented through the North-Eastern Council. An initial allocation of Rs. 1,500 crore will be made for the new scheme. |
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794230
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Incorrect |
| The scheme will fund infrastructure, in the spirit of PM GatiShakti, and social development projects based on felt needs of the North-East. This will enable livelihood activities for youth and women, filling the gaps in various sectors. | PM-DevINE will be implemented through the North-Eastern Council. An initial allocation of Rs. 1,500 crore will be made for the new scheme. |
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794230
Consider the following statements
Choose the correct statements
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Incorrect | Correct | Incorrect |
| Capital expenditure forms nearly 20% of the total expenditure in this year’s budget | Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and investment by the government that gives profits or dividend in future. | Capital expenditure taken together with the provision made for creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs. 10.68 lakh crore in 2022-23, which will be about 4.1% of GDP |
Source: https://indianexpress.com/article/explained/budget-2022-nirmala-sitharaman-capex-allocation-7751141/
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Incorrect | Correct | Incorrect |
| Capital expenditure forms nearly 20% of the total expenditure in this year’s budget | Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and investment by the government that gives profits or dividend in future. | Capital expenditure taken together with the provision made for creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs. 10.68 lakh crore in 2022-23, which will be about 4.1% of GDP |
Source: https://indianexpress.com/article/explained/budget-2022-nirmala-sitharaman-capex-allocation-7751141/
