Mcq

Current Affairs MCQ - 9

1. Which of the following statement is/are correct with regard to Minimum Support Price (MSP)

  1. The Cabinet Committee of Economic Affairs announces it at the start of each sowing season.
  2. Announced based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
  3. It works as a tool to stabilise production and control consumer prices and sounds good.
  • A) a only
  • B) b and c only
  • C) a and c only
  • D) All of the above

ANSWER : All of the above


Refer the content - Prelim category - Economy (Jan 10)

2. Bor Tiger Reserve Located in

  1. Madhya Pradesh
  2. Maharashtra
  3. Chattisgarh
  4. Jharkhand
  • A) A
  • B) B
  • C) C
  • D) D

ANSWER : B


Bor Tiger Reserve is a wildlife sanctuary which was declared as a tiger reserve in July 2014. It is located near Hingani in Wardha District in the Indian state of Maharashtra.

3. Consider the following statement with regard to Coking coal

  1. It is also known as Metallurgical coal.
  2. It is a grade of low-ash, low-sulfur and low-phosphorus coal.
  3. It is an essential fuel and reactant in the blast furnace process for primary steel making.
  4. It is a strong low-density coke produced when the coal is heated in a low-oxygen environment to reduce mineral impurities.
  • A) a and b only
  • B) a and c only
  • C) c and d only
  • D) All of the above

ANSWER : All of the above


All statements are correct

4. Which of the following statement is/are correct with respect to Non-Banking Financial Company (NBFC)

  1. It is a company registered under the SEBI Act 1992.
  2. Engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority.
  3. It cannot accept demand deposits.
  4. Do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  • A) Except a
  • B) Except b
  • C) Except c
  • D) Except d

ANSWER : Except a


A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.