Explore topic-wise MCQs in GS questions based on daily current affairs.

This section includes 53 Mcqs, each offering curated multiple-choice questions to sharpen your GS questions based on daily current affairs knowledge and support exam preparation. Choose a topic below to get started.

1.

Which state tops the internet readiness index?

A. New Delhi
B. Maharashtra
C. Tamil Nadu
D. Karnataka
Answer» C. Tamil Nadu
Discussion
2.

What is the rank of India in International Corruption Perceptions Index 2015?

A. 75
B. 76
C. 136
D. 128
Answer» C. 136
Discussion
3.

Consider the following statements
1. Prevention of Corruption (Amendment) Bill 2013 frames the guidelines for commercial organizations to prevent their employees/associates from giving bribes to public servants.
2. Average trial period of cases is decreased to 2 years from 8 years.
Which of the above statement is/are correct?

A. Only 1
B. Only 2
C. Both
D. None
Answer» D. None
Discussion
4.

Panama Papers is regarding

A. Defense and Spying
B. Tax Havens
C. Environmental Concerns
D. Borders
Answer» C. Environmental Concerns
Discussion
5.

Which of the following is/are true?
1) India becomes the second country after USA to propose a levy on digital economy.
2) It will be levied on all online advertisement services offered in the country by all people be they Indian or not as per the WTO norms.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» E.
Discussion
6.

Which of the following sectors are excluded from MAT?
1. Corporate
2. Industry
3. Information Technology
4. Infrastructure
5. Power

A. 2,3
B. 2,3,4
C. 4,5
D. All
Answer» D. All
Discussion
7.

Which of the following statements is / are correct?
1. MAT is indirect tax.
2. MAT is applicable to all companies having business in India.

A. Only 1
B. Only 2
C. Both
D. None
Answer» B. Only 2
Discussion
8.

Which of the following statements is/are correct about National Securities Depository Limited (NSDL)?
1. Depositories Act in August 1996 paved the way for establishment of National Securities Depository Limited (NSDL).
2. Upendra Kumar Sinha is chairman of NSDL.

A. Only 1
B. Only 2
C. Both
D. None
Answer» B. Only 2
Discussion
9.

According to IRDAI norms, which of the following statements is/are correct?
1. A company has to be in the insurance business for 10 years to be eligible to list on the equity market.
2. Private-sector life insurance companies with assets under management (AUMs) of more than Rs 60,000 crore will be the first ones that will have to list.

A. Only 1
B. Only 2
C. Both
D. None
Answer» D. None
Discussion
10.

Atal Pension Yojana Service Providers comprise of
1) Private Sector Banks
2) Department of Posts
3) Regional Rural Banks

A. 1, 3
B. 2, 3
C. 1, 2
D. All of the above
Answer» E.
Discussion
11.

Which of the following statements is/are correct?
1. A Bank Mitra acts like an agent in facilitating bank and banking related services, especially in unbanked areas of the country.
2.They can also help produce mini statements of their customers.

A. Only 1
B. Only 2
C. Both
D. None
Answer» D. None
Discussion
12.

Which of the following are measures taken to improve India s ranking in Ease of Doing Business to top 50 in the world?
1) Initiative of eCourts should be expedited for electronic filing of complaints, summons and payments especially in the Commercial Courts.
2) On Construction Permit , procedures shall be brought down to 8 which will be completed within 10 days.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» B. Only 2
Discussion
13.

Which of the following are measures taken to improve India s ranking in Ease of Doing Business to top 50 in the world?
1) eBiz portal shall be mandated for starting a business
2) Shram Suvidha Portal shall be the only portal for filing returns, challan, etc. for EPFO & ESIC contributions
3) Work is in progress to reduce the number of days to start a business to 4.

A. 1, 3
B. 2, 3
C. 1, 2
D. All of the above
Answer» E.
Discussion
14.

The overall economic growth of the Indian economy is dependent on which of the following factors?
1) Savings
2) Rate of capital formation
3) Utilization of technology

A. 2, 3
B. 1, 3
C. 1, 2
D. All of the above
Answer» E.
Discussion
15.

Which of the following is/are true?
1) Amul has been directed to ensure all milk producers accounts to be opened by 30th December, 2016.
2) Other co-operatives have been directed to ensure the opening of accounts of all milk producers/farmers by 30th January, 2017.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» D. Neither 1 nor 2
Discussion
16.

JUTE-SMART initiative is related to

A. Growing Jute
B. Purchase of Jute bags
C. Exporting Jute seeds
D. All of the above
Answer» C. Exporting Jute seeds
Discussion
17.

Which of the following is/are true regarding Fi cial Redressal Agency (FRA)?
1) It is to address the grievances of retail consumers against all Fi cial Service Providers (FSPs).
2) The Fi cial Sector Legislative Reforms Commission (FSLRC) in 2013 had recommended FRA.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» D. Neither 1 nor 2
Discussion
18.

Which of the following is/are true regarding Fi cial Redressal Agency (FRA)?
1) FRA will try to resolve all complaints through mediation.
2) Consumers will not be able to appeal against the orders of FRA.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» B. Only 2
Discussion
19.

Which of the following is/are true regarding Fi cial Redressal Agency (FRA)?
1) FRA would be managed by a Board to the appointed by the RBI.
2) Independent Assessment Officer will consider complaints against the FRA s redress function.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» C. Both 1 and 2
Discussion
20.

Which of the following is correctly matched amount of Insurance as per the Optional Travel Insurance Scheme for Railway Passengers?
1) In case of Death- Rs. 15 lakh
2) Permanent Total Disability Rs. 10 Lakh
3) Transportation of mortal remains Rs. 10 Thousand

A. 2, 3
B. 1, 2
C. 1, 3
D. All of the above
Answer» B. 1, 2
Discussion
21.

Which of the following is/are true regarding Insurance Cover for Railway Passengers?
1) It is only for passengers booking tickets through IRCTC website i.e. e-ticket.
2) The objective behind the scheme is to maximize compensation to the passengers.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» D. Neither 1 nor 2
Discussion
22.

Committee to review Institutionalization of Arbitration Mechanism in India will be headed by

A. Justice R. V. Raveendran
B. Justice S. Ravindra Bhat
C. Justice B N Srikrishna
D. Ms. Indu Malhotra
Answer» D. Ms. Indu Malhotra
Discussion
23.

Which of the following is/are true regarding Nidhi Company?
1) As per Nidhi Rules, 2014, a Nidhi company shall be a public company.
2) Every Nidhi company shall, within a period of one year from the commencement of Nidhi Rules, 2014, ensure that it has not less than one hundred members.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» B. Only 2
Discussion
24.

Which of the following is/are true regarding Nidhi Companies?
1) Most of the Nidhi companies are located in South India.
2) No RBI approval is necessary to register the Nidhi Company.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» C. Both 1 and 2
Discussion
25.

What is Nidhi Company?

A. Companies lending and borrowing only to small and medium businesses
B. Investment companies investing only in rural areas
C. NBFCs borrowing and lending money only between their members
D. Rural NBFCs borrowing and lending money to people
Answer» D. Rural NBFCs borrowing and lending money to people
Discussion
26.

India has attained which position in global wind power installed capacity?

A. 10
B. 5
C. 4
D. 3
Answer» D. 3
Discussion
27.

Consider the following statements
1. Chit Funds are type of NBFC
2. All NBFCs are ruled by RBI
3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.
Which of the above statements is/are correct?

A. 1,2
B. 2,3
C. 1,3
D. All
Answer» D. All
Discussion
28.

NICDIT is for

A. IT Section of Government
B. Semiconductor and IC manufacturing
C. Industrial Corridors
D. None of the above
Answer» D. None of the above
Discussion
29.

Which of the following statements is/are correct about ease of doing business report?
1. It is published by WTO annually.
2. India ranks 130 out of 189 countries.

A. Only 1
B. Only 2
C. Both
D. None
Answer» C. Both
Discussion
30.

Which of the following are not microeconomic indicators?
1) Forex
2) Unemployment Rate
3) GDP
4) Inflation rate
5) Price Indices

A. 2, 4
B. 1, 2, 3
C. 3, 5
D. All of the above
Answer» E.
Discussion
31.

Which of the following is/are true regarding Specified Bank Notes (Cessation of Liabilities) Ordi ce, 2016?
1) As per the ordi ce even holding old 500 and 100 notes is illegal.
2) Transacting with banned notes will attract fine 5 times the amount of the face value of the notes.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» D. Neither 1 nor 2
Discussion
32.

Which of the following is/are true regarding Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016?
1) Liquidator should not ordinarily sell the assets through auctions.
2) Regulations allow insolvency professional from acting as a liquidator for a corporate debtor even if he is not independent of the corporate debtor.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» E.
Discussion
33.

National SC/ST Hub will come up in

A. Ludhiana
B. Ranchi
C. Bhubaneswar
D. Lucknow
Answer» B. Ranchi
Discussion
34.

Which of the following banks from India was allowed to operate in Myanmar?

A. ICICI
B. SBI
C. Bank of India
D. HDFC
Answer» C. Bank of India
Discussion
35.

What is InCube?

A. Mobile Wallet App
B. A new social networking app
C. New tech Park for Start-ups.
D. Advisory services for startups
Answer» E.
Discussion
36.

First ATM machine on India s aircraft carrier was installed by

A. SBI
B. Corporation Bank
C. HDFC
D. ICICI
Answer» B. Corporation Bank
Discussion
37.

Which of the following is/are true regarding National Small Savings Fund (NSSF)?
1) Once states are excluded from NSSF investments, the investible funds of NSSF with Government of India (GoI) will decrease.
2) NSSF loans to the State Government were cheaper as the market rates are considerably higher.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» E.
Discussion
38.

What is recently launched GeM related to?

A. Defence
B. Jewellery industry
C. Scholarship program
D. Government procurement
Answer» E.
Discussion
39.

Which of the following are benefits of listing government insurance companies?
1) More transparency
2) Additional oversight
3) Less dependence on Government for capital infusion

A. 1, 3
B. 2, 3
C. 1, 2
D. All of the above
Answer» E.
Discussion
40.

Which of the following is/are true?
1) SEZ India is a mobile app that allows to track bill processing status.
2) SEZ India app will also help start business in SEZs in a quick manner.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» B. Only 2
Discussion
41.

Which of the following states in India have e-wallets of their own?
1) Maharashtra
2) Assam
3) Tamil nadu
4) Karnataka

A. 2, 3, 4
B. 1, 2
C. 1, 3, 4
D. All of the above
Answer» C. 1, 3, 4
Discussion
42.

NITI Aayog is planning a new framework for

A. Five-Year Plans
B. Fi ce Commission
C. Budget
D. All of the above
Answer» B. Fi ce Commission
Discussion
43.

NITI Aayog is set to bring model act for which of the following

A. Farm Land Leasing
B. Agricultural market
C. Crop Insurance and disaster relief
D. All of the above
Answer» B. Agricultural market
Discussion
44.

Which of the following is/are true?
1) Railways had no non-fare revenue policy.
2) Non-fare revenue includes revenue from advertising.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» D. Neither 1 nor 2
Discussion
45.

IMF is considering the currencies for basket of special drawing rights (SDR) and will review the Chinese currency. What is the name of Chinese currency?

A. Won
B. Yen
C. Tugrik
D. Renminbi
Answer» E.
Discussion
46.

What is Merchant Discount Rate?

A. Rate charged by a merchant to the customers
B. The rate of discount given by merchant to customers at their discretion
C. Rate charged to a merchant by the bank
D. Discounted interest rates for loans given by banks to merchants
Answer» D. Discounted interest rates for loans given by banks to merchants
Discussion
47.

Which of the following is/are true regarding Committee to examine and promote the use of digital payment systems constituted by NITI Aayog?
1) It consists of Chief Ministers of all States/UTs.
2) The Committee will also include Vice Chairman, NITI Aayog.

A. Only 1
B. Only 2
C. Both 1 and 2
D. Neither 1 nor 2
Answer» C. Both 1 and 2
Discussion
48.

Which of the following statements is/are correct about bitcoin?
1. The Internal Revenue Service considers bitcoin as currency.
2.Federal judge considers bitcoin as property.

A. Only 1
B. Only 2
C. Both
D. None
Answer» E.
Discussion
49.

NASSCOM has signed an agreement for IoT with which institute?

A. GTRAC
B. GTARC
C. GTRAK
D. None of the above
Answer» C. GTRAK
Discussion
50.

Which cryptocurrency has hit its highest level in 3 years following India s demonetisation?

A. Bitcoin
B. Rupay
C. USSD
D. UPI
Answer» B. Rupay
Discussion