Daily Current Affairs MCQs for UPSC IAS Prelims - 14 April 2023

Welcome to the RAYACADEMY Daily Current Affairs MCQs! Our focus is to provide you with engaging and informative questions that primarily revolve around current affairs, derived from reliable sources such as 'The Hindu', 'Indian Express', and 'PIB'. Our MCQs test your understanding of factual and conceptual knowledge, which is essential for cracking the UPSC IAS and State PCS prelim exams. Below are some of Today's Current Affairs MCQs. We hope you make the most of this initiative and wish you all the best in your preparation.

---

Q1.Which of the following statements is/are true about Dabba (box) trading?

1)Dabba trading takes place within the purview of the stock exchanges.

2)Traders in Dabba trading place bets on stock price movements without taking physical ownership of the stock.

3)Dabba trading is regulated by the government.

4)Dabba trading is done using recognised software terminals.

a) 1 only

b) 2 only

c) 1 and 2 only

d) 2 and 4 only

Answer: b)

Explanation:

Dabba (box) trading refers to informal trading that takes place outside the purview of the stock exchanges. In such trading, traders place bets on stock price movements without incurring a real transaction to take physical ownership of a particular stock as is done in exchange. Hence, statement 2 is true.

However, statement 1 is false because Dabba trading takes place outside the purview of the stock exchanges.

Statement 3 is also false because Dabba trading is not regulated by the government, and the primary purpose of such trades is to stay outside the purview of the regulatory mechanism.

Statement 4 is also false because Dabba Trading is operated using unrecognised software terminals, which are not authorised by the stock exchanges or the regulatory authorities.

Therefore, the correct answer is b) 2 only.

Q2.Which of the following statements is/are true about the Village Development Scheme announced in the 2022 budget?

1)The scheme aims to provide comprehensive development of villages on the border with China.

2)The scheme intends to improve the quality of life of people living in identified border villages.

3)The scheme covers villages in the states of Arunachal Pradesh, Sikkim, Uttarakhand, Himachal Pradesh and the Union Territory of Ladakh.

4)The scheme focuses on the development of growth centres on the "Hub and Spoke Model" through the promotion of social entrepreneurship, youth and women empowerment and skill development.

a) 1 and 2 only

b) 1, 2 and 3 only

c) 1, 2, 3 and 4

d) None of the above

Answer: c)

Explanation:

The Village Development Scheme announced in the 2022 budget aims to provide comprehensive development of villages on the border with China and improve the quality of life of people living in identified border villages. Hence, statements 1 and 2 are true.

The scheme covers villages in the states of Arunachal Pradesh, Sikkim, Uttarakhand, Himachal Pradesh and the Union Territory of Ladakh. Therefore, statement 3 is also true.

The scheme focuses on the development of growth centres on the "Hub and Spoke Model" through the promotion of social entrepreneurship, youth and women empowerment and skill development. Thus, statement 4 is also true.

Therefore, the correct answer is c) 1, 2, 3 and 4.

Q3.Which of the following statements is/are true about Dr B.R. Ambedkar and the Round Table Conferences?

1)Dr B.R. Ambedkar was one of the representatives of the Indian National Congress at the Round Table Conferences.

2)Dr B.R. Ambedkar presented a memorandum on the political safeguards for the depressed classes at the Second Round Table Conference.

3)The Communal Award, which provided separate electorates for the depressed classes, was announced at the Second Round Table Conference.

4)Dr B.R. Ambedkar opposed the Poona Pact, which abandoned the separate electorates for the depressed classes.

a) 1 and 3 only

b) 2 and 3 only

c) 2, 3 and 4 only

d) 1, 2, 3 and 4

Answer: b)

Explanation:

Dr B.R. Ambedkar was not a representative of the Indian National Congress at the Round Table Conferences. He was invited by the British government to represent the depressed classes. Hence, statement 1 is false.

Dr B.R. Ambedkar presented a memorandum on the political safeguards for the depressed classes at the Second Round Table Conference. Therefore, statement 2 is true.

The Communal Award, which provided separate electorates for the depressed classes, was announced at the Second Round Table Conference. Hence, statement 3 is true.

Dr B.R. Ambedkar supported the separate electorates for the depressed classes, and he opposed the Poona Pact, which abandoned the separate electorates and provided reserved seats for the depressed classes within the general electorates. Therefore, statement 4 is false.

Therefore, the correct answer is b) 2 and 3 only.

Q4.Which of the following states celebrate the harvest festivals mentioned alongside?

1)Pongal

2)Bohag Bihu

3)Onam

4)Lohri

5)Makar Sankranti

a) 1, 2 and 5 only

b) 1, 2, 3 and 4 only

c) 1, 2, 3, 4 and 5

d) None of the above

Answer: c)

Explanation:

Pongal is a harvest festival celebrated in Tamil Nadu and some parts of Andhra Pradesh and Karnataka. Therefore, statement 1 is true.

Bihu is a harvest festival celebrated in Assam. Therefore, statement 2 is true.

Onam is a harvest festival celebrated in Kerala. Hence, statement 3 is true.

Lohri is a harvest festival celebrated in Punjab, Haryana, and some parts of Himachal Pradesh and Delhi. Therefore, statement 4 is true.

Makar Sankranti is a harvest festival celebrated in various parts of India, including Gujarat, Rajasthan, Uttar Pradesh, Bihar, Jharkhand, West Bengal, and Maharashtra. Hence, statement 5 is also true.

Therefore, the correct answer is c) 1, 2, 3, 4 and 5.

Q5.Which of the following statements is true about the location of Uganda?

a) Uganda is a landlocked country in West Africa.

b) Uganda is a landlocked country in East Africa.

c) Uganda is an island nation in the Indian Ocean.

d) Uganda is a country in South America.

Answer: b)

Explanation:

Uganda is a landlocked country located in East Africa, bordered by South Sudan to the north, Kenya to the east, Tanzania and Rwanda to the south, and the Democratic Republic of the Congo to the west. It is located on the equator and has a diverse landscape that includes savannah, forests, and mountains.