Current Affairs MCQ for UPSC Exams – 22 August 2017

Ques- Which of the following is correct regarding Real estate regulatory authority?

1. Property transactions will now be subject to a regulator — the national level Real Estate Regulatory Authority.
2. RERAs are intended to perform the same role for your property transactions as the SEBI does for security transactions in the capital markets.
3. Every developer launching any residential project with area of over 500 square metres or eight apartments, has to registerit with RERA and upload all the project details to the RERA site before he initiates any sale.

A. 1 and 2 only
B. 2 and 3 only
C. 1 and 3 only
D. All of the above

Ques- Which among the following are the works of Rail Development Authority?

1. recommending passenger fares,
2. setting performance standards for rail operations
3. creating a level playing policy for private sector participation

A. 1,2 only
B. 2,3 only
C. 1,3 only
D. All

Ques- Which of the following correctly defines initial public offering?

1. First sale of shares to the public
2. Sale of shares in the share market

A. 1 only
B. 2 only
C. Both
D. None

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