Target UPSC prelims 2019: Daily MCQs #28

Oracle IAS, the best coaching institute for UPSC/IAS/PCS preparation in Dehradun brings to you daily MCQs.

1. Consider the following statements with respect to Minimum Support Price (MSP):
1. MSP is determined for the country as a whole and not region or state-specific.
2. Commission for Agricultural Costs and Prices (CACP) approves MSPs for
various crops.
Which of the statement(s) given above is/are
incorrect?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2

2. Consider the following statements with to Champaran Satyagraha:
1. It was India‟s first Civil Disobedience Movement.
2. It was launched to protest against the injustice meted out to tenant farmers in Champaran district of Gujarat.
3. Rajkumar Shukla made a seminal contribution culminating in the launch
of the Champaran Satyagraha in 1917 by Mahatma Gandhi.
Which of the statement(s) given above is/are correct?
a. 3 only
b. 1 and 2 only
c. 1 and 3 only
d. 1, 2 and 3

3. Consider the following statements with respect to Sendai Framework for Disaster Risk Reduction:
1. It is a voluntary and non-binding treaty.
2. India is a signatory to the Sendai Framework for Disaster Risk
Reduction.
3. The Sendai Framework is the successor instrument to the Hyogo Framework for Action (HFA) 2005-2015.
Which of the statement(s) given above is/are correct?
a. 2 only
b. 1 and 3 only
c. 2 and 3 only
d. 1, 2 and 3

4. Consider the following statements with respect to Venture Capital Funds (VCFs):
1. VCF is an investment fund that manages money from different investors seeking to provide capital in start-up that have low growth potential.
2. In India, VCFs are regulated by Reserve Bank of India (RBI).
3. These investments are generally characterized as high-risk/high-return
opportunities.
Which of the statements given above are correct?
a. 3 only
b. 1 and 2 only

c. 1 and 3 only
d. None of the above

5. Consider the following statements with respect to Angel Investors:
1. They are affluent individuals who provide capital for a business start-up.
2. Angel investors are under the regulatory control of SEBI.
Which of the statement(s) given above is/are correct?
a. 1 only b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2

Answers

1. b
The Cabinet Committee of Economic Affairs announces MSP for various crops at the beginning of each sowing season based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).

2. c
It was launched to protest against the injustice meted out to tenant farmers in Champaran district of Bihar.
Recently, Ministry for Communications has released a Commemorative Postage Stamp on Rajkumar Shukla today at New Delhi.

3.d

4. a
VCF is an investment fund that manages money from different investors seeking to provide capital in start-up and small and medium-size enterprises that have strong growth potential.
According to SEBI, VCF is a fund established in the form of a trust/company including a body corporate and registered with SEBI.
In India, the VCFs are regulated by the SEBI .

5. c
An angel investor is an affluent individual who provides capital for a business start-up, usually in exchange for ownership
equity or convertible debt.
They are under the regulatory control of SEBI .


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