Daily Current Affairs MCQs for UPSC IAS Prelims - 6 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.

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Q1.Which of the following statements is/are true regarding the repo rate?

1) The interest rate RBI charges when commercial banks borrow from it is called the repo rate.

2) When RBI wants to encourage economic activity, it reduces the repo rate.

3)Reduction in repo rate leads to a decrease in interest rates on loans charged by commercial banks.

4)Reduction in the repo rate incentivizes people to save more money.

A) 1 and 2 only

B) 2 and 3 only

C) 1,2 and 3 only

D) All of the above

Answer: C

Explanation:

The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks in India. Therefore, statement 1 is correct.

When the RBI wants to encourage economic activity, it reduces the repo rate. This is because the reduction in the repo rate makes it cheaper for commercial banks to borrow money from the RBI. As a result, commercial banks can reduce the interest rates they charge on their loans to customers, which incentivizes people to borrow more money for spending or investment. Therefore, statement 2 is correct.

When the repo rate is reduced, commercial banks can reduce the interest rates they charge on their loans and the interest rate they pay on deposits. Therefore, statement 3 is also correct.

However, statement 4 is incorrect. Reducing the repo rate incentivizes people to spend more money or invest in new projects. It does not incentivize people to save more money.

Q2.Which of the following statements is/are true regarding the National Council of Educational Research and Training (NCERT)?

1) The NCERT is an autonomous organization set up in 1961 by the government to improve the quality of education.

2)The NCERT prepares and publishes model textbooks.

3)The chairman of NCERT is appointed by the state government.

A) 1 and 2 only

B) 2 and 3 only

C) 3 only

D) None

Answer: A

Explanation:

The National Council of Educational Research and Training (NCERT) is an autonomous organization set up in 1961 by the government to assist and advise the Central and state governments for improving the quality of education. Therefore, statement 1 is correct.

The NCERT prepares and publishes model textbooks. Its objective is to ensure that the textbooks are of high quality and are based on the latest research in the field of education. Therefore, statement 2 is correct.

The chairman of NCERT is appointed by the central government. Therefore, statement 3 is incorrect.

Q3.Which of the following statements is true regarding Doklam?

A) Doklam is a disputed region between India and China.

B) Doklam is located in the Indian state of Arunachal Pradesh.

C) Doklam is a city in Bhutan.

D) Doklam is a river in Nepal.

Answer: A.

Explanation:

Doklam is a disputed region between India and China. The region is located near the tri-junction between India, China, and Bhutan. The dispute between India and China over Doklam arose in 2017 when China attempted to construct a road in the region, which was objected to by Bhutan. India, which has a security alliance with Bhutan, intervened to prevent road construction. Therefore, statement A is correct.

Q4.Which of the following statements is/are true regarding Vikram-S?

1)Vikram-S is India's first privately developed launch vehicle.

2)The mission named Prarambh marks the Indian private sector's first foray into the space launch market.

3) The rocket has been developed by Bengaluru-based Skyroot Aerospace.

4) The Vikram-S rocket is a single-stage sub-orbital launch vehicle which will carry three customer payloads.

A) 1 and 2 only

B) 1,2 and 3 only

C) 1,2 and 4 only

D) All of the above

Answer: C

Explanation:

Vikram-S is India's first privately developed launch vehicle. The mission named Prarambh, or 'the beginning', marks the Indian private sector's first foray into the promising space launch market. Therefore, statements A and B are correct.

The rocket has been developed by Hyderabad-based Skyroot Aerospace, not Bengaluru-based. Therefore, statement C is incorrect.

The Vikram-S rocket is a single-stage sub-orbital launch vehicle which will carry three customer payloads and help test and validate technologies in the Vikram series space launch vehicles. Therefore, statement D is correct.

Q5.Match the following with reference to the GI tag –

A. Gamosa 1. Ladakh

B. Tandur Redgram 2. Bihar

C. Wood carving 3. Telangana

D. Mithila Makhana 4. Assam

Select the correct answer using the codes given below –

(a) A1 B2 C4 D3

(b) A4 B3 C1 D2

(c) A3 B2 C1 D4

(d) A1 B3 C4 D2

Answer: b

Explanation

Gamosa: Assam- The gamosa/gamocha is a handwoven rectangular cotton piece of cloth with red borders and different designs and motifs and is traditionally offered to elders and guests as a mark of respect and honour by the Assamese people.

Tandur Redgram: Telangana- It is a local variety of pigeon pea which is mainly grown in the rainfed areas of the Tandur and nearby places in the state.

Wood carving: Ladakh-Wood carving of Ladakh has been an aesthetically vibrant art form in the Ladakh region, including the capital Leh and Kargil.

Mithila Makhana: Bihar- It is cultivated in the Mithila region of Bihar and some parts of Nepal.