UPSC Current Affairs Quiz 07/05/2021

Recently, Ministry of Civil Aviation has granted conditional exemption from Unmanned Aircraft System (UAS) Rules, 2021 to 20 entities to conduct Beyond Visual Line of Sight (BVLOS) experimental flights of drones. In this context, consider the following statements:

1) BVLOS trials will help create framework for future drone deliveries and other major applications using drones.

2) The conditional exemption shall be valid for a period of 5 years.

Which of the above statements is/are correct?

With regards to measures announced by Reserve Bank of India to support the nation’s fight against the second wave of COVID-19 infections, consider the following statements:

1) Lending by Small Finance Banks (SFBs) to MFIs for on-lending to be classified as priority sector lending.

2) Scheduled banks were allowed to deduct credit given to new MSME borrowers from Net Time & Demand Liabilities for calculation of CRR, is now extended to December 31, 2021

3) Rationalization of KYC norms for enhanced customer experience.

4) Banks can now use 100% of floating provisions held by them, as on December 31, 2020

Which of the above statements is/are correct?

Consider the following statements regarding Standard & Poor’s (S&P) Global Ratings for India:

1) S&P currently has a “BB+” rating on India.

2) The current rating suggests that India has a stable outlook, is in the lowest investment grade and expects India’s economy to grow.

Which of the above statements is/are correct?

Consider the following statements regarding Grey Collar jobs:

1) It is occasionally used to describe elderly individuals working beyond the age of retirement.

2) It includes occupations incorporating elements of both blue- and white-collar.

3) The country currently has more than 250 million blue and grey collar workers.

Which of the above statements is/are incorrect?

Consider the following statements regarding backward classes in India:

1) Article 342A deals with the newly established National Commission for Backward Classes.

2) Article 338B empowers the President to specify the socially and educationally backward communities in a State.

3) Articles 338B and 342A were introduced in the Constitution by the 102nd Amendment Act of 2018

Which of the above statements is/are correct?