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Daily UPSC Prelims Current Affairs – October 12, 2022 [Mock Test]
Daily UPSC Prelims Current Affairs – October 12, 2022 [Mock Test]
![Daily UPSC Prelims Current Affairs – October 12, 2022 [Mock Test]](https://i0.wp.com/www.gktoday.in/wp-content/uploads/2022/09/unnamed.png?fit=300%2C200&ssl=1)
1. Consider the following statements regarding the National Asset Reconstruction Company Ltd. (NARCL):
- Public Sector Banks (PSBs) will maintain 49% ownership in NARCL.
- NARCL is an asset reconstruction company established to resolve stressed assets in the Indian banking sector.
Which of the statements given above is/are correct?
[A] Only 2
[B] Only 1
[C] Both 1 and 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: A [Only 2]
Notes:
Statement 1 is incorrect because PSBs will maintain a 51% ownership in NARCL, not 49%. Statement 2 is correct, as NARCL is an asset reconstruction company set up to acquire and resolve large stressed assets from banks under India’s new ‘bad bank’ structure.
2. Which of the following statements about the Organization of Islamic Cooperation (OIC) is/are correct:
- It has permanent delegations to the United Nations and the European Union.
- India has an observer status in the organization.
- Its permanent secretariat is in UAE.
Select the correct option from the codes given below:
[A] Only 1
[B] Only 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1]
Notes:
The OIC has permanent delegations to the United Nations and the European Union. India does not have observer status in the OIC. The permanent secretariat of the OIC is located in Jeddah, Saudi Arabia, not in UAE. Therefore, only statement 1 is correct.
3. In India, the first-ever EV scooter, the Vida V1, was introduced. Which of the following companies manufactures the Vida V1 scooter?
[A] TVS Motor Company
[B] Honda Motor Company
[C] Hero MotoCorp Company
[D] Bajaj Automobile Company
Show Answer
Correct Answer: C [Hero MotoCorp Company]
Notes:
Hero Motocorp, the biggest producer of two-wheelers in India, has entered the market for electric vehicles with the debut of a new two-wheeler called the Hero Vida V1, which bears the name of the company’s flagship product.
Originally written on
October 13, 2022
and last modified on
October 13, 2022.
Tags: upsc prelims test series 2023
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