Daily Current Affairs based MCQs – 20th September 2019 25/09/2019 – Posted in: DAILY MCQs

With reference to the WAWE Summit 2019, consider the following statements:

  1. It will be jointly organized by All India Council for Technical Education (AICTE) and Institute of Waste Management (IIWM) at Jaipur.
  2. It will be the largest gathering of young women students to promote entrepreneurship in waste management and providing alternatives to single use plastic carry bags.

Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

 

2.

Which among the following are Scorpene class stealth submarines being built under the Project 75?

  1. INS Karanj
  2. INS Vikrant
  3. INS Khanderi
  4. INS Vela

Select the correct answer using the code given below:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 2 and 3 only
(d) 1, 3 and 4 only

 

3.

With reference to the Concurrent audit system, consider the following statements:

  1. It aims at shortening the interval between a transaction and its independent examination
  2. Generally, tenure of external concurrent auditors with a bank shall not be more than three years on continuous basis.
  3. The broad areas of coverage under concurrent audit shall be based on the identified risk of the unit and must include random transaction testing of sufficiently large sample of such transactions wherever required.
  4. Committee ((LMC) in case of foreign banks) of the bank. Earlier, the audit covered at least 30% of the advances and 50% of deposits of a bank.

Which of the statements given above is/are incorrect?

(a)  2 and 3 only

(b) 1 and 4 only
(c) 2 and 4 only
(d) 2 only

 

Solutions: 1-C,  2-D, 3-C