Current Affairs Questions

Current Affairs :

Grants And Funds In Indian Budget

Consider the following statements:

  1. Supplementary Grant is granted when the amount authorised by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
  2. The Comptroller and Auditor General (CAG) brings the demand for an excess grant to the notice of Parliament through a report on appropriation account.
  3. Additional Grant is granted when a need has arisen during the current financial year for supplementary or additional expenditure upon some new service not contemplated in the Budget for that year.

Which of the statement(s) is/are correct?


Bara-Lacha Pass

Which of the following statement(s) is/are correct about the Bara-Lacha Pass?

  1. Bara-Lacha Pass is a high mountain pass located in the Pir Panjal Range of Lesser Himalaya.
  2. It is situated along the Leh–Manali Highway.
  3. The pass also acts as a water-divide between the Bhaga River and the Yunan River.

Codes:


Seabuckthorn

Consider the following statements with reference to the shrub Seabuckthorn found mainly in Himalayan region:

  1. The shrub withstand extreme temperatures from -43ºC to 40ºC and it is considered to be drought tolerant.
  2. It has extensive root system having ability to fix atmospheric nitrogen.
  3. It is a rich source of biodiesel.

Choose the correct statement(s):


Sattras

Consider the following statements with reference to the Sattras of Assam:

  1. Sattras are monastic institutions created as part of the 16th century Neo-Vaishnavite reformist movement started by Vaishnavite saint-reformer Srimanta Sankaradeva.
  2. Sattras promulgate Sankardeva’s unique “worship through art” approach with music (borgeet), dance (xattriya) and theatre (bhauna).
  3. Each Sattra has a naamghar (worship hall) as its nucleus and is headed by an influential “Sattradhikar”.

Which of the statement(s) given above is/are correct? Choose the correct answer from the option given below:


Cess And Surcharge

Consider the following statements:

  1. Cess is a form of tax levied or collected by the government for the development or welfare of a particular service or sector.
  2. Surcharge is an additional charge or tax levied on an existing tax.
  3. Unlike a cess, which is meant to raise revenue for a temporary need, surcharge is usually permanent in nature.
  4. Currently, the cess and surcharge collected by the Centre are not part of the tax devolution.

Which of the statement(s) given above is/are correct? Choose the correct answer from the codes given below:


National Food Security Act 2013

Consider the following statements with reference to the National Food Security Act, (NFSA) 2013:

  1. NFSA defines the joint responsibility of the Centre and State/UT Government.
  2. The Act legally entitles upto 85% of the rural population and 60% of the urban population to receive subsidized foodgrains under Targeted Public Distribution System.
  3. It provides for reforms in the TPDS including schemes such as Cash transfers for provisioning of food entitlements.

Which of the statement(s) given above is/are correct?


Foreign Portfolio Investment

Consider the following statements with reference to the Foreign portfolio investment (FPI):

  1. Foreign portfolio investment consists of securities and other financial assets passively held by foreign investors.
  2. It does not require any transfer of IP, technology or know-how.
  3. Portfolio investments are more accessible for the average investor than direct investments because they require much less investment capital and research.

Which of the statement(s) is/are correct?


World Trade Organisation

Consider the following statements with reference to the World Trade Organisation(WTO):

  1. The Uruguay Round, conducted from 1987 to 1994, culminated in the Marrakesh Agreement, which established the World Trade Organization (WTO).
  2. The highest authority of the WTO is the Ministerial Conference, which must meet at least every two years.
  3. India has been a member of the WTO since January 1995 and also had been a member of the WTO’s forerunner General Agreement on Tariffs and Trade (GATT) since July 1948.

Choose the correct statement(s) from the options given below:


Tholpavakoothu (Shadow Puppetry)

Consider the following statements with reference to the Tholpavakoothu (shadow puppetry) art of South India:

  1. Tholpavakkoothu is a traditional temple art form prevalent in Karnataka.
  2. The story of Tholppavakoothu performance is from the Indian epic, Ramayana.
  3. This entertainment art is performed on a special stage called koothumadam in the temple courtyard.

Which of the statements(s) is/are correct?



Mission Innovation

Consider the following statements with reference to the Mission Innovation:

  1. Mission Innovation (MI) is a global initiative of 24 countries and the European Commission (on behalf of the European Union) working to reinvigorate and accelerate global clean energy innovation with the objective to make clean energy widely affordable.
  2. Mission Innovation has identified 6 Innovation Challenges which are global calls to action aimed at accelerating research, development, and demonstration (RD&D) in technology areas.

Which of the statement(s) is/are correct?



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