70 MCQ on daily current affairs for social work students (8th December 2023)
1. Which political party claims the title of the world's largest, with 180 million members?
- a) Chinese Communist Party (CCP)
- b) Democratic Party (United States)
- c) Bhartiya Janata Party (BJP)
- d) Indian National Congress (INC)
- Answer: c. Bhartiya Janata Party (BJP)
2. What is the rank of China's Communist Party (CCP) in the list of the world's largest political parties?
- a) 1
- b) 2
- c) 3
- d) 4
- Answer: b. 2
3. Which political party secures the third position globally in terms of membership?
- a) Democratic Party (United States)
- b) Republican Party (United States)
- c) Indian National Congress (INC)
- d) AIADMK (India)
- Answer: c. Indian National Congress (INC)
4. Among the listed parties, which one is not from India or the United States?
- a) AIADMK (India)
- b) AK Party (Turkey)
- c) Democratic Party (United States)
- d) Republican Party (United States)
- Answer: b. AK Party (Turkey)
5. What factor is often used to gauge a political party's enormity?
- a) Historical Impact
- b) Media Visibility
- c) Public Recognition
- d) Membership Magnitude
- Answer: d. Membership Magnitude
6. How is a party's substantial impact on policy formation typically denoted?
- a) Electoral Triumphs
- b) Geographical Extent
- c) Historical Impact
- d) Policy Shaping
- Answer: d. Policy Shaping
7. What is the significance of a party's substantial presence across diverse regions?
- a) Membership Magnitude
- b) Electoral Triumphs
- c) Geographical Extent
- d) Historical Impact
- Answer: c. Geographical Extent
8. What criterion involves consistent victories across local, regional, and national levels?
- a) Policy Shaping
- b) Electoral Triumphs
- c) Historical Impact
- d) Public Recognition
- Answer: b. Electoral Triumphs
9. Which party is ranked fifth in the list of the world's largest political parties?
- a) AIADMK (India)
- b) Republican Party (United States)
- c) AK Party (Turkey)
- d) Democratic Party (United States)
- Answer: b. Republican Party (United States)
10. What does media visibility commonly contribute to a political party's recognition?
- a) Membership Magnitude
- b) Historical Impact
- c) Media Visibility
- d) Public Recognition
- Answer: c. Media Visibility
11. According to the latest NCRB report, which city has been recognized as the safest city in India for three consecutive years?
- a) Mumbai
- b) Kolkata
- c) Chennai
- d) Pune
- Answer: b. Kolkata
12. What does IPC stand for in the context of the NCRB report on the safest cities in India?
- a) Indian Penal Code
- b) International Police Consortium
- c) Inherent Public Crime
- d) Integrated Police Control
- Answer: a. Indian Penal Code
13. Which organization is responsible for gathering and examining crime-related information in India, as mentioned in the article?
- a) Indian Police Service (IPS)
- b) National Security Guard (NSG)
- c) National Crime Records Bureau (NCRB)
- d) Central Bureau of Investigation (CBI)
- Answer: c. National Crime Records Bureau (NCRB)
14. What factors have contributed to the recognition of cities as the safest places in India, according to the article?
- a) High population density
- b) Strict traffic regulations
- c) Effective law enforcement, community engagement, and proactive crime prevention
- d) Robust public transportation
- Answer: c. Effective law enforcement, community engagement, and proactive crime prevention
15. Which city secured the second position in the list of the safest cities in India, according to the NCRB report?
- a) Pune
- b) Chennai
- c) Coimbatore
- d) Surat
- Answer: b. Chennai
16. Where is the headquarters of the National Crime Records Bureau (NCRB) located?
- a) Mumbai
- b) Kolkata
- c) New Delhi
- d) Chennai
- Answer: c. New Delhi
17. What does NCRB's "IPC Rate" measure in the context of the safest cities in India?
- a) Income Per Capita
- b) Indian Police Coverage
- c) Integrated Public Cooperation
- d) Incidents of Recognizable Crime per lakh population
- Answer: d. Incidents of Recognizable Crime per lakh population
18. According to the NCRB report, which city is ranked fifth among the safest cities in India?
- a) Hyderabad
- b) Pune
- c) Surat
- d) Pune
- Answer: b. Pune
19. Under which ministry does the National Crime Records Bureau (NCRB) operate in India?
- a) Ministry of Finance
- b) Ministry of Home Affairs
- c) Ministry of External Affairs
- d) Ministry of Law and Justice
- Answer: b. Ministry of Home Affairs
20. What does the article emphasize as the defining feature of the recognized safest cities in India?
- a) High economic development
- b) Absence of crime
- c) Concerted efforts by local authorities for public safety
- d) Advanced technological infrastructure
- Answer: c. Concerted efforts by local authorities for public safety
21. What is the primary reason cited by the Reserve Bank of India (RBI) for cancelling the license of Urban Co-operative Bank (UCB) in Sitapur, Uttar Pradesh?
- a) Inadequate capital and earning prospects
- b) Ceasing to carry on banking business
- c) Adverse impact on public interest
- d) Commissioner and Registrar intervention
- Answer: b. Ceasing to carry on banking business
22. What step has the RBI urged the Commissioner and Registrar of Cooperative, Uttar Pradesh, to take in addition to license cancellation?
- a) Issuing an order for liquidation
- b) Reconsidering the license cancellation
- c) Appointing a new board of directors
- d) Approving a merger with another bank
- Answer: a. Issuing an order for liquidation
23. According to the RBI, what is the key factor leading to the cancellation of Urban Co-operative Bank's license?
- a) Inadequate capital and earning prospects
- b) Intervention by the Commissioner and Registrar
- c) Adverse impact on public interest
- d) Financial health concerns
- Answer: a. Inadequate capital and earning prospects
24. How does the RBI assure depositor protection in the event of liquidation?
- a) By returning the full amount of deposits
- b) By arranging a merger with another solvent bank
- c) By providing an extension for deposit withdrawals
- d) By facilitating a deposit insurance claim amount, subject to a monetary ceiling
- Answer: d. By facilitating a deposit insurance claim amount, subject to a monetary ceiling
25. What percentage of depositors, according to the bank's submitted data, are eligible to receive the full amount of their deposits from DICGC?
- a) 92.16 percent
- b) 98.32 percent
- c) 85.75 percent
- d) 100 percent
- Answer: b. 98.32 percent
26. Why does the RBI state that allowing the Urban Co-operative Bank to continue banking business would be against public interest?
- a) Due to its involvement in fraudulent activities
- b) Concerns about the bank's financial health and ability to pay depositors
- c) Lack of community engagement
- d) High operational costs
- Answer: b. Concerns about the bank's financial health and ability to pay depositors
27. What is the significance of the top saffron color in the National Flag of India?
- a) Peace and truth
- b) Fertility, growth, and auspiciousness
- c) Strength and courage
- d) Represents the chakra
- Answer: c. Strength and courage
28. Which symbol represents the Dharma Chakra in the National Flag of India?
- a) Navy-blue wheel
- b) Saffron color
- c) Green color
- d) White band
- Answer: a. Navy-blue wheel
29. Who composed the National Anthem of India, Jana-gana-mana?
- a) Bankimchandra Chatterji
- b) Rabindranath Tagore
- c) Ashoka
- d) Dr. Rajendra Prasad
- Answer: b. Rabindranath Tagore
30. How many stanzas does the complete version of the National Anthem have, and what is its approximate playing time?
- a) Three stanzas, approximately 45 seconds
- b) Five stanzas, approximately 52 seconds
- c) Two stanzas, approximately 30 seconds
- d) Four stanzas, approximately 50 seconds
- Answer: b. Five stanzas, approximately 52 seconds
31. Which song has an equal status with Jana-gana-mana and was honored by Dr. Rajendra Prasad in the Constituent Assembly?
- a) Vande Mataram
- b) Sare Jahan Se Achha
- c) Saare Jahaan Se Achha
- d) Vande Bharat
- Answer: a. Vande Mataram
32. What does the State Emblem of India adapt from the Sarnath Lion Capital of Ashoka?
- a) Elephant
- b) Tiger
- c) Four lions
- d) Peacock
- Answer: c. Four lions
33. Which bird is the National Bird of India?
- a) Crow
- b) Pigeon
- c) Indian Peacock
- d) Eagle
- Answer: c. Indian Peacock
34. What is the male Indian Peacock known for during courtship?
- a) Displaying blue breast and neck
- b) Building nests
- c) Flying high in the sky
- d) Hiding in the grass
- Answer: a. Displaying blue breast and neck
35. Why is the tiger chosen as the National Animal of India?
- a) Colorful appearance
- b) Grace and agility
- c) Thick yellow coat with dark stripes
- d) Long, slender neck
- Answer: c. Thick yellow coat with dark stripes
36. Who is slated to assume the position of Vice Chief of Naval Staff on January 4?
- a) Vice Admiral SJ Singh
- b) Vice Admiral Srinivas
- c) Vice Admiral Sandeep Naithis
- d) Vice Admiral Dinesh Tripathi
- Answer: d. Vice Admiral Dinesh Tripathi
37. What is Vice Admiral Tripathi's main responsibility as the incoming Vice Chief?
- a) Commanding the Western Naval Command
- b) Overseeing the modernization efforts of the Indian Navy
- c) Leading the Southern Naval Command
- d) Acquiring new fighter jets
- Answer: b. Overseeing the modernization efforts of the Indian Navy
38. What critical acquisitions is the Indian Navy currently undergoing?
- a) Acquiring F-35 Lightning II
- b) Procuring Apache attack helicopters
- c) Acquiring MQ-9B Predator drones and Rafale fighter jets
- d) Upgrading naval infrastructure
- Answer: c. Acquiring MQ-9B Predator drones and Rafale fighter jets
39. Where is Vice Admiral SJ Singh moving after leaving the Vice Chief’s office?
- a) Southern Naval Command
- b) Eastern Naval Command
- c) Western Naval Command
- d) Northern Naval Command
- Answer: c. Western Naval Command
40. What is Monetary Policy?
- a) Management of tax revenues and expenditures
- b) Regulation of the money supply and interest rates
- c) Management of capital expenditure
- d) Regulation of exchange rates
- Answer: b. Regulation of the money supply and interest rates
41. Who is responsible for implementing Monetary Policy?
- a) Ministry of Finance
- b) Central Bank
- c) Treasury Department
- d) Economic Planning Commission
- Answer: b. Central Bank
42. What does Fiscal Policy entail?
- a) Regulation of interest rates
- b) Management of tax revenues and expenditures
- c) Regulation of inflation
- d) Control of money supply
- Answer: b. Management of tax revenues and expenditures
43. Who oversees Fiscal Policy?
- a) Central Bank
- b) Ministry of Finance
- c) Treasury Department
- d) Economic Planning Commission
- Answer: b. Ministry of Finance
44. How does Monetary Policy impact the economy?
- a) Regulating tax policies
- b) Influencing budget deficit
- c) Regulating interest rates and money supply
- d) Managing government expenditures
- Answer: c. Regulating interest rates and money supply
45. What is the focus of Fiscal Policy?
- a) Inflation control
- b) Regulation of interest rates
- c) Economic growth and stability
- d) Exchange rate management
- Answer: c. Economic growth and stability
46. Can you explain the difference in targets between Monetary and Fiscal Policy?
- a) Both target inflation control
- b) Fiscal policy targets inflation, monetary policy does not have a specific target
- c) Monetary policy targets economic growth
- d) Neither has a specific target
- Answer: b. Fiscal policy targets inflation, monetary policy does not have a specific target
47. How do Monetary and Fiscal Policies differ in their impact on exchange rates?
- a) Both directly impact exchange rates
- b) Fiscal policy improves exchange rates
- c) Monetary policy has no impact on exchange rates
- d) Fiscal policy generally has no direct impact on exchange rates
- Answer: d. Fiscal policy generally has no direct impact on exchange rates
48. What is the role of the Central Bank in implementing Monetary Policy?
- a) Managing tax policies
- b) Regulating inflation
- c) Controlling money supply
- d) Implementing fiscal measures
- Answer: c. Controlling money supply
49. How does Fiscal Policy affect the budget of a country?
- a) By regulating interest rates
- b) By influencing budget deficit or surplus
- c) By controlling inflation
- d) By managing capital expenditure
- Answer: b. By influencing budget deficit or surplus
50. Who is set to address the second edition of the Infinity Forum on December 9, 2023?
- a) Chief Minister Bhupendra Patel
- b) Minister Ashwini Vaishnaw
- c) Prime Minister Narendra Modi
- d) Union Minister Piyush Goyal
- Answer: c. Prime Minister Narendra Modi
51. What was a key highlight of the first edition of the Infinity Forum held in 2021?
- a) Global Investor Summit
- b) FinTech Showcase
- c) Technology Exhibition
- d) Regulatory Roundtable
- Answer: b. FinTech Showcase
52. What is the central theme of the 2nd edition of the Infinity Forum?
- a) Global Financial Resilience
- b) Digital Transformation in Banking
- c) ‘GIFT-IFSC: Nerve Centre for New Age Global Financial Services’
- d) Sustainable Investment Strategies
- Answer: c. ‘GIFT-IFSC: Nerve Centre for New Age Global Financial Services’
53. How is the second edition of the Infinity Forum organized in terms of format?
- a) In-person only
- b) Virtual only
- c) Hybrid, with in-person and virtual participation
- d) Regional events in multiple countries
- Answer: c. Hybrid, with in-person and virtual participation
54. What is the theme explored through the track 'Innovation and Technology' in the Infinity Forum 2.0?
- a) Global Financial Resilience
- b) Digital Transformation in Banking
- c) Sustainable Investment Strategies
- d) Cutting-edge technologies driving the financial landscape
- Answer: d. Cutting-edge technologies driving the financial landscape
55. When is the "Investors Meet" preceding the Infinity Forum 2.0 scheduled?
- a) December 9, 2023
- b) December 8, 2023
- c) December 10, 2023
- d) December 7, 2023
- Answer: b. December 8, 2023
56. What is the anticipated in-person participation at the Infinity Forum 2.0?
- a) 500 CXOs
- b) 200 CXOs
- c) 300 CXOs
- d) 100 CXOs
- Answer: c. 300 CXOs
57. Which of the following is one of the tracks through which the forum will explore its central theme?
- a) Regional Integration
- b) Technology Disruptions
- c) Innovation and Technology
- d) Market Trends and Analysis
- Answer: c. Innovation and Technology
58. What is the key outcome of the RBI Monetary Policy Committee meeting in December 2023?
- a) Repo rate increased by 25 bps
- b) Repo rate reduced by 25 bps
- c) Repo rate remains unchanged at 6.5%
- d) Repo rate adjusted quarterly
- Answer: c. Repo rate remains unchanged at 6.5%
59. What is the projected GDP growth for the fiscal year 2023-24 according to the RBI MPC?
- a) 6%
- b) 7%
- c) 8%
- d) 5%
- Answer: b. 7%
60. What is the RBI's stance on liquidity measures in response to evolving market dynamics?
- a) Restricting liquidity facilities
- b) Allowing reversal of liquidity facilities on weekends and holidays
- c) Reducing UPI limits
- d) Maintaining a neutral stance
- Answer: b. Allowing reversal of liquidity facilities on weekends and holidays
61. What is the proposed increase in the UPI limit for hospitals and educational institutions according to the RBI?
- a) Rs 50,000
- b) Rs 1 lakh
- c) Rs 2 lakh
- d) Rs 5 lakh
- Answer: d. Rs 5 lakh
62. When is the fintech repository, proposed by the RBI, set to be operationalized?
- a) December 2023
- b) February 2024
- c) April 2024 or earlier
- d) June 2024
- Answer: c. April 2024 or earlier
63. What is the objective of establishing a regulatory framework for web aggregation of loan products by the RBI?
- a) Restrict digital lending
- b) Promote customer-centricity and transparency
- c) Reduce interest rates
- d) Increase loan limits
- Answer: b. Promote customer-centricity and transparency
64. What is the projected CPI inflation for the full fiscal year 2023-24 according to the RBI MPC?
- a) 4%
- b) 5%
- c) 6%
- d) 7%
- Answer: b. 5.4%
65. What is the Cash Reserve Ratio (CRR) according to the RBI MPC December 2023?
- a) 3.50%
- b) 4.00%
- c) 4.25%
- d) 4.50%
- Answer: d. 4.50%
66. What is the Standing Deposit Facility Rate according to the RBI MPC December 2023?
- a) 6.00%
- b) 6.25%
- c) 6.50%
- d) 6.75%
- Answer: b. 6.25%
67. According to the RBI MPC, what is the projected GDP growth for the fiscal year 2023-24?
- a) 6%
- b) 7%
- c) 8%
- d) 5%
- Answer: b. 7%
68. Who was honored with the National Award for 'Best Personality- Empowerment of Differently-abled'?
- a) Draupadi Murmu
- b) Prashant Agrawal
- c) Rajasthan government
- d) Narayan Seva Sansthan
- Answer: b. Prashant Agrawal
69. What is one of Prashant Agrawal's instrumental roles mentioned in the information?
- a) Conducting surgeries
- b) Providing mass marriages
- c) Establishing residential schools
- d) Organizing national-level competitions
- Answer: c. Establishing residential schools for differently-abled individuals
70. In which year did the Rajasthan government honor Prashant Agrawal, and with what award?
- a) 2015, Best Humanitarian Award
- b) 2017, Best Social Worker Award
- c) 2018, Outstanding Philanthropist Award
- d) 2016, Excellence in Disability Empowerment
- Answer: b. 2017, Best Social Worker Award
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