Current Affair 4th April 2023 - Current Affairs

Stay updated with our daily current affairs MCQs! Test your knowledge and prepare for exams with  multiple-choice questions on the latest news, events, and trends

 CBI's 60-Year Anniversary

1. Which year was the Central Bureau of Investigation (CBI) established? a. 1941 b. 1946 c. 1963 d. 2013 Answer: c. 1963

2. Who has the power to direct CBI to probe a case within the jurisdiction of any state? a. Chief Justice of India b. President of India c. Prime Minister d. Home Minister Answer: c. Prime Minister

3. What is the conviction rate of CBI according to the Central Vigilance Commission (CVC) annual report? a. 25-30% b. 40-45% c. 55-60% d. 65-70% Answer: d. 65-70%

4. What is the purpose of general consent given by state governments to CBI? a. To avoid taking permission each time for case-specific consent b. To restrict CBI's jurisdiction to only central government departments c. To limit CBI's powers and authority in a given state d. To enhance transparency in CBI's functioning Answer: a. To avoid taking permission each time for case-specific consent

5. Which act governs the powers and jurisdiction of CBI? a. Right to Information (RTI) Act, 2005 b. Lokpal Act, 2013 c. Delhi Special Police Establishment Act, 1946 d. Central Vigilance Commission Act, 2003 Answer: c. Delhi Special Police Establishment Act, 1946

6. What was the observation made by the Supreme Court about CBI in the context of government interference in its functioning? a. "Efficient and transparent" b. "Independent and accountable" c. "A caged parrot speaking in its master's voice" d. "Unbiased and fair" Answer: c. "A caged parrot speaking in its master's voice"

7. What is the scope of work of CBI, as mentioned by Prime Minister Narendra Modi during the Diamond Jubilee Celebrations? a. Wildlife-related frauds b. Bank frauds c. Serious crimes related to the defence of India d. All of the above Answer: d. All of the above

8. What is the role of CBI as a nodal police agency in India? a. Coordinating investigations on behalf of Interpol member countries b. Conducting investigations in all states of India c. Maintaining law and order in central government departments d. Providing security to high-ranking government officials Answer: a. Coordinating investigations on behalf of Interpol member countries

9. What are the issues faced by CBI in its functioning, as mentioned in the given passage? a. Legislative problems, administrative issues, political issues, and transparency issues b. Financial constraints, lack of manpower, and overlapping functions c. Corruption, lack of accountability, and overlapping jurisdictions d. Political interference, lack of modern equipment, and in-human conditions Answer: a. Legislative problems, administrative issues, political issues, and transparency issues

10. What is the jurisdiction of CBI in terms of the investigation of offences? a. Limited to Union Territories only b. Limited to states that give case-specific consent c. Nationwide jurisdiction for all types of offences d. Limited to central government departments and employees Answer: d. Limited to central government departments and employees

Competition Amendment Bill 2023

1. Which bill was recently passed by Rajya Sabha to amend the Competition Act, of 2002? a) Competition Amendment Bill, 2021 b) Competition Amendment Bill, 2022 c) Competition Amendment Bill, 2023 d) Competition Amendment Bill, 2024 Answer: c) Competition Amendment Bill, 2023

2. What is the main purpose of the Competition Amendment Bill, of 2023? a) To regulate competition in the Indian market b) To promote ease of doing business in India c) To reduce the compliance burden for companies d) All of the above Answer: d) All of the above

3. How does the Competition Amendment Bill, 2023 define "turnover" for the purpose of penalty? a) Turnover derived from all products and services within India b) Turnover derived from all products and services globally c) Turnover derived from local or relevant market d) Turnover derived from international markets Answer: b) Turnover derived from all products and services globally

4. What does the Competition Amendment Bill, 2023 aim to achieve through the settlement mechanism? a) Reducing litigation by way of negotiated settlements b) Promoting transparency and accountability in the Indian market c) Regulating anti-competitive agreements and abuse of dominant position d) Dealing with cartels and mergers Answer: a) Reducing litigation by way of negotiated settlements

5. Which offenses under the Competition Act, 2002 are decriminalized by the Competition Amendment Bill, 2023? a) Offences related to cartels b) Offences related to mergers and acquisitions c) Offences related to failure to comply with orders of CCI d) Offences related to abuse of dominant position Answer: c) Offences related to failure to comply with orders of CCI

6. What is the threshold value of deals that require regulator clearance under the amended provisions of the Competition Act? a) Deals worth more than ?500 crore b) Deals worth more than ?1,000 crore c) Deals worth more than ?2,000 crore d) Deals worth more than ?5,000 crore Answer: c) Deals worth more than ?2,000 crore

7. What is the responsibility of the Competition Commission of India (CCI)? a) Enforcing the Competition Act, 2002 b) Promoting competition in the Indian market c) Giving opinions to statutory authorities d) All of the above Answer: d) All of the above

8. What is the composition of the Competition Commission of India (CCI)? a) One Chairperson and six Members b) Two Chairpersons and five Members c) Three Chairpersons and four Members d) Four Chairpersons and three Members Answer: a) One Chairperson and six Members

9. What is the significance of including global turnover in the definition of "turnover" in the Competition Amendment Bill, 2023? a) Enhancing transparency and accountability in the Indian market b) Reducing penalties for companies involved in competition law violations c) Promoting the use of the US dollar in the Indian economy d) None of the above Answer: a) Enhancing transparency and accountability in the Indian market

10. What is the main aim of the amendments to the Competition Act, as per the Competition Amendment Bill, 2023? a) Promoting anti-competitive practices b) Increasing regulatory hurdles for businesses c) Enhancing transparency and reducing compliance burden for companies d) Allowing companies to escape penalties for competition law violations Answer: c) Enhancing transparency and reducing compliance burden for companies.

Scottish independence demand

1. What was the outcome of the 2014 referendum for Scottish independence? A. 55% voted in favor of independence B. 45% voted in favor of independence C. 60% voted in favor of independence D. 40% voted in favor of independence Answer: A. 55% voted in favor of independence

2. What is the main reason behind the demand for Scottish independence? A. Economic and political vulnerabilities B. Differences in electoral system C. Desire to rejoin the EU D. All of the above Answer: D. All of the above

3. What was the ruling of the U.K.'s top court in November 2022 regarding a second referendum for Scottish independence? A. It allowed the referendum to take place B. It rejected the referendum C. It postponed the referendum D. It referred the decision to the Scottish Parliament Answer: B. It rejected the referendum

4. What is the SNP's strategy for pushing for Scottish independence after the rejection of a second referendum? A. Holding a new referendum immediately B. Participating in the next British general election on the issue of independence C. Boycotting the Scottish Parliamentary election D. Seeking international intervention Answer: B. Participating in the next British general election on the issue of independence

5. What powers were devolved to the Scottish Parliament in 1999? A. Powers related to health B. Powers related to education C. Powers related to transport D. All of the above Answer: D. All of the above

6. What issues were reserved and not devolved to the Scottish Parliament? A. Defence B. Foreign policy C. Trade D. All of the above Answer: D. All of the above

7. What is the SNP's plan for substituting the bloc grant from the British government after gaining independence? A. Using oil revenues from the North Sea B. Seeking financial aid from the EU C. Implementing austerity measures D. Increasing taxation on citizens Answer: A. Using oil revenues from the North Sea

8. What concern did the Economic Affairs Committee of Westminster raise about Scottish independence? A. Retaining the sterling as Scottish currency B. Assumption of U.K.'s public debt C. Decommissioning of North Sea Oil D. All of the above Answer: D. All of the above

9. What impact did critics suggest Scottish independence would have on perceptions of Englishness? A. No impact B. Positive impact C. Negative impact D. Insignificant impact Answer: C. Negative impact

10. What is the current level of support for Scottish independence according to recent polls? A. 39% B. 55% C. 45% D. 60% Answer: A. 39%