Prelims Current Affairs Quiz – 08 September 2023

1. Consider the following statements about Multilateral Development Banks (MDB)

1. The goal of MDBs is to issue grants and low-cost loans to improve the economic conditions of impoverished or developing nations.
2. European Investment Bank is an example of MDB.

Which of the statements given above is/ are correct?

2. Fujianvenator which recently appeared in the news is

3. Consider the following statements with respect to African Union (AU):

1. The African Union represent all the countries on the African continent.
2. Agenda-2063 is Africa’s blueprint and master plan for transforming Africa into the global powerhouse of the future.

Which of the statement(s) given above is/are correct?

4. Consider the following statements about ATMs:

1. When a particular Bank outsources the ATM operations to a third party it is called as White- label ATM.
2. When ATMs are owned and operated by non-bank entities but are not doing ‘outsourcing-contract’ from a particular bank, they are called Brown-label ATMs.

Which of the statements given above is/are correct?

5. Consider the following statements with respect to Fugitive Economic Offender (FEO) Act, 2018:

1. The Act seeks to confiscate properties of economic offenders who have left the country to avoid facing criminal prosecution.
2. Under the Act, High court is the original authority to declare a person as fugitive economic offender.

Which of the statement(s) given above is/are correct?