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Daily Current Affairs MCQs
Question 1. Who has been appointed as a director in the Prime Minister’s Office (PMO)?
D.None of the above
Explanation- Indian Foreign Service (IFS) officer Shweta Singh was appointed as a director in the Prime Minister’s Office (PMO). She is a 2008-batch IFS officer. The Appointments Committee of the Cabinet (ACC) approved Singh’s appointment for a period of three years from the date of her joining.
Question 2. Recently who has been appointed as Central Vigilance Commissioner?
B.Praveen Kumar Srivastava
D.Suresh N Ptel
Explanation– Vigilance Commissioner Suresh N Patel was appointed as the Central Vigilance Commissioner, a year after the post fell vacant. The tenure of a CVC and vigilance commissioner is of four years or till the incumbent attains the age of 65 years. Central Vigilance Commission is an apex Indian governmental body created in 1964 to address governmental corruption. In 2003, the Parliament enacted a law conferring statutory status on the CVC.
Question 3. Which country chairs the Security Council Counter-Terrorism Committee for 2022 ?
Explanation– Terrorism Committee for 2022 and will in October host diplomats of the 15-nation Security Council, including US, China and Russia, for the counter-terrorism committee’s special meeting. India’s tenure at the Council will end in December this year when the country will also preside as President of the powerful UN organ for the month.
Question 4. Consider the following statement-
- The Counter-Terrorism Committee (CTC) was established in 2001 in the wake of the 9/11 terrorist attacks.
- UNSC Resolution 1373 (2001) had established the Counter-Terrorism Committee as a subsidiary body of the Council.
Choose the correct option –
D.Neither 1 nor 2
Explanation: Explanation-The Counter-Terrorism Committee (CTC) was established in 2001 in the wake of the 9/11 terrorist attacks. UNSC Resolution 1373 (2001) had established the Counter-Terrorism Committee as a subsidiary body of the Council. Current members of the Security Council are Albania, Brazil, Gabon, Ghana, India, Ireland, Kenya, Mexico, Norway and the UAE, along with five permanent members China, France, Russia, the UK and the US.
Question 5. GST was introduced through which Constitutional Amendmend?
Explanation– Goods and services act commenced with the enactment of 101 Constitutional amendment act.Art 246A,Art269A and Art279A were added.7th schedule was also amended.
Context- The government has widened the ambit of e-invoicing for businesses by lowering the mandatory turnover threshold to Rs 10 crore from Rs 20 crore under the Goods and Services Tax (GST) regime. The new threshold starts October 1.
Question 6. Consider the following statements regarding IPO-
- IPO is the selling of securities to the public in the primary market.
- Under IPO, an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public.
- Through an IPO, an unlisted company can get listed on the stock exchange.
Choose the correct option-
Explanation– Recently Life Insurance Corporation (LIC) was listet and it’s IPO was biggest in the Indian capital markets given the size and scale of LIC. Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list.It ranked 98th.
Question 7. Consider the following statements regarding SEBI-
- SEBI was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
- The Securities and Exchange Board of India is the regulatory body for securities and commodity market in India
- It works under PMO.
Choose the correct option-
Answer – C
Explanation– SEBI was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992 The Securities and Exchange Board of India is the regulatory body for securities and commodity market in India. It is under the ownership of Ministry of Finance, Government of India.
Context- Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to securities market data access and privacy.