Current Questions

India’s Assistance Operation

Recently, India conducted an assistance operation in order to supply essential medicines to one of the SAARC country. Choose both the name of the operation and country from the options given below:

Countercyclical Capital Buffer

Consider the following statements with reference to the Countercyclical Capital Buffer (CCyB):

  1. The countercyclical capital buffer is intended to protect the banking sector against losses that could be caused by cyclical systemic risks increasing in the economy.
  2. Banks can use the capital buffers they have built up during the growth phase of the financial cycle to cover losses that may arise during periods of stress and to continue supplying credit to the real economy.
  3. The rule was first introduced in Basel III as an extension of another buffer (called the capital conservation buffer).

Choose the correct answer from the codes given below:

National Pharmaceutical Pricing Authority And Price Monitoring & Resource Unit

Recently, the National Pharmaceutical Pricing Authority (NPPA) has set up price monitoring and resource unit (PMRU) in one the state/UT. Choose the state/UT name from the options given below:

The Ways And Means Advances (WMA) Scheme

Consider the following statements:

  1. The Ways and Means Advances (WMA) scheme is designed to meet temporary mismatches in the receipts and payments of the government.
  2. Under this, the government can avail of immediate cash from the RBI, if required. But it has to return the amount within 60 days.
  3. Interest rate for WMA is currently charged at the repo rate.
Choose the correct answer from the codes given below:

Sodium Hypochlorite

Consider the following statements with reference to the Sodium Hypochlorite:

  1. Sodium Hypochlorite is a chlorine compound often used as a disinfectant or a bleaching agent.
  2. Dakin's solution is a dilute solution of sodium hypochlorite (0.4% to 0.5%) and other stabilizing ingredients, traditionally used as an antiseptic.
Which of the statement(s) given above is/are correct?

Schedule H1 Drug

Recently, which of the following drug was categorised as a Schedule H1 drug by the Government?

Biological Weapons Convention

Consider the following statements with reference to the Biological Weapons Convention (BWC):

  1. The Biological Weapons Convention is the first multilateral disarmament treaty banning the development, production and stockpiling of an entire category of weapons of mass destruction, was opened for signature on 10 April 1972.
  2. The BWC does not ban the use of biological and toxin weapons but reaffirms the 1925 Geneva Protocol, which prohibits such use. It also does not ban biodefense programs.

Choose the correct answer from the codes given below:

The Fiscal Responsibility And Budget Management (FRBM) Act

Consider the following statements:

  1. The Fiscal Responsibility and Budget Management (FRBM) Act is a law enacted by the Government of India in 2003 to ensure fiscal discipline – by setting targets including reduction of fiscal deficits and elimination of revenue deficit.
  2. Under the Act, Escape clauses provide flexibility to governments to overshoot fiscal deficit targets in times of need, enabling them to respond to economic shocks.
Which of the statements given above is/are correct?

Exercise Red Flag

Which of the following country conduct advanced aerial combat training Exercise Red Flag?

Anti-COVID-19 Programmes

Consider the following statements:

  1. Operation Namaste has been launched by the Indian army to contain the spread of Corona Virus in the country.
  2. Mo Jiban (My Life) is a new programme launched by West Bengal Government, to take a resolute vow to stay home and not to go outside during the lockdown period to remain safe from the novel coronavirus (COVID-19).

Choose the correct answer form the codes given below:

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