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QUIZ – 2016: Insights Current Affairs Quiz- 112

 Insights Current Affairs Quiz (2016)  – 112

13 May 2016



Earlier Clarification for Question 1, Quiz 107, May 7th (Click here for Quiz 107) : “Typo; Answer must be option ‘d’, not ‘c’.” This was wrong. Sorry!

The link provided provided in the solution (click here) mentions, “There must be transparency w.r.t to the promises and how the parties aim to implement their promises. The promises must also be credible. Wherever freebies are offered, parties must broadly state how they plan to gather the funds and finances to fulfil such promises.” However, as one Insightian informed us, the actual ECI guideline (click here) does not use the word “must”. The guidelines state, “In the interest of transparency, level playing field and credibility of promises, it is expected that manifestos also reflect the rationale for the promises and broadly indicate the way and means to meet the financial requirements for it.”

Thus, Statement 1 as seen in the question is incorrect and statement 2 is correct. Solution will now be Option ‘a’, that is, only statement 1 is incorrect.

Question 5 Statement 2, Quiz 111, May 12th (Click here): “The Reserve Bank of India (RBI) Governor will not vote in the first instance, viz. he possesses the deciding vote in case of a tie”. This statement as a whole is incorrect. The solution does not change.

“The Central Government constitutes the MPC through a notification in the Official Gazette. Altogether, the MPC will have six members, – the RBI Governor (Chairperson), the RBI Deputy Governor in charge of monetary policy, one official nominated by the RBI Board and the remaining three members would represent the Government of India. The proceedings of MPC are confidential and the quorum for a meeting shall be four Members, at least one of whom shall be the Governor and in his absence, the Deputy Governor who is the Member of the MPC. The MPC takes decisions based on majority vote (by those who are present and voting). In case of a tie, the RBI governor will have the second or casting vote. The decision of the Committee would be binding on the RBI.”

The only way a tie can happen is if there are an even number of people. Which means, the RBI governor votes in the first instance because he is one among the six (or four, if two are absent) of the MPC.


The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu  and PIB news articles.

This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2016. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.

Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.

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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.

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