IASbaba Daily Prelims Quiz
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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Question 1 of 5
1. Question
Consider the following statements with respect to World Risk Index (WRI) 2020:
- The World Risk Index is a statistical model for the assessment of disasters such as earthquakes, storms, floods, droughts and sea-level rise.
- According to WRI among the continent Oceania is at the highest risk.
Which of the above statements is/are correct?
Correct
Solution (c)
- The World Risk Index is a statistical model for the assessment of the global risk of disasters such as earthquakes, storms, floods, droughts and sea-level rise.
- WRI is part of the World Risk Report 2020 with special focus on “Forced Displacement and Migration” released by the United Nations University Institute for Environment and Human Security (UNU-EHS) and Bündnis Entwicklung Hilft, in cooperation with the University of Stuttgart in Germany.
- Released annually since 2011, it indicates which countries are in the greatest need to strengthen measures for coping with and adapting to extreme natural events.
- Among continents, Oceania is at the highest risk, followed by Africa and the Americas.
Incorrect
Solution (c)
- The World Risk Index is a statistical model for the assessment of the global risk of disasters such as earthquakes, storms, floods, droughts and sea-level rise.
- WRI is part of the World Risk Report 2020 with special focus on “Forced Displacement and Migration” released by the United Nations University Institute for Environment and Human Security (UNU-EHS) and Bündnis Entwicklung Hilft, in cooperation with the University of Stuttgart in Germany.
- Released annually since 2011, it indicates which countries are in the greatest need to strengthen measures for coping with and adapting to extreme natural events.
- Among continents, Oceania is at the highest risk, followed by Africa and the Americas.
-
Question 2 of 5
2. Question
Consider the following statements with respect to Foreign Contribution (Regulation) Act (FCRA), 2010:
- The implementing body of FCRA is Ministry of finance
- Under the Act, organizations are required to register themselves every five years.
Which of the above statements is/are correct?
Correct
Solution (b)
Foreign Contribution (Regulation) Act (FCRA), 2010
- Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Home Affairs.
- Individuals are permitted to accept foreign contributions without permission of MHA. However, the monetary limit for acceptance of such foreign contributions shall be less than Rs. 25,000.
- The Act ensures that the recipients of foreign contributions adhere to the stated purpose for which such contribution has been obtained.
- Under the Act, organizations are required to register themselves every five years.
Incorrect
Solution (b)
Foreign Contribution (Regulation) Act (FCRA), 2010
- Foreign funding of persons in India is regulated under FCRA act and is implemented by the Ministry of Home Affairs.
- Individuals are permitted to accept foreign contributions without permission of MHA. However, the monetary limit for acceptance of such foreign contributions shall be less than Rs. 25,000.
- The Act ensures that the recipients of foreign contributions adhere to the stated purpose for which such contribution has been obtained.
- Under the Act, organizations are required to register themselves every five years.
-
Question 3 of 5
3. Question
Consider the following statements:
- Domestic Systemically Important Insurers (D-SIIs) is identified by IRDAI whereas the Domestic Systemically Important Bank is identifies by RBI
- In India only State Bank of India (SBI), and HDFC Bank have been identified as Domestic Systemically Important Bank
Which of the above statements is/are correct?
Correct
Solution (a)
- Domestic Systemically Important Bank (D-SIBs)
- D-SIB means that the bank is too big to fail. According to the Reserve Bank of India (RBI), some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group.
- Presently, the State Bank of India (SBI), ICICI Bank, and HDFC Bank have been identified as DSIBs in India.
Significance:
- Should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
- The too-big-to-fail tag also indicates that in case of distress, the government is expected to support these banks.
- Due to this perception, these banks enjoy certain advantages in funding. It also means that these banks have a different set of policy measures regarding systemic risks and moral hazard issues.
- In the insurance sector the Insurance Regulatory and Development Authority of India (IRDAI) will identify Domestic Systemically Important Insurers (D-SIIs). For the year 2020-21 The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs)
Incorrect
Solution (a)
- Domestic Systemically Important Bank (D-SIBs)
- D-SIB means that the bank is too big to fail. According to the Reserve Bank of India (RBI), some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group.
- Presently, the State Bank of India (SBI), ICICI Bank, and HDFC Bank have been identified as DSIBs in India.
Significance:
- Should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
- The too-big-to-fail tag also indicates that in case of distress, the government is expected to support these banks.
- Due to this perception, these banks enjoy certain advantages in funding. It also means that these banks have a different set of policy measures regarding systemic risks and moral hazard issues.
- In the insurance sector the Insurance Regulatory and Development Authority of India (IRDAI) will identify Domestic Systemically Important Insurers (D-SIIs). For the year 2020-21 The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs)
-
Question 4 of 5
4. Question
Recently “Kaushal Se Kal Badlenge” Program was in news, it is related to which of the following scheme?
Correct
Solution (a)
- Recently, the Ministry of Rural Development (MoRD) has celebrated the foundation day of Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) as “Kaushal Se Kal Badlenge” on the occasion of Antyodaya Diwas (25th September).
Inaugurations and New Releases:
- Agripreneurship (entrepreneurship in agriculture) Programme.
- Agripreneurship is defined as generally, sustainable, community-orientated, directly marketed agriculture.
- Sustainable agriculture denotes a holistic, systems-oriented approach to farming that focuses on the interrelationships of social, economic, and environmental processes.
- Guidelines regarding Captive Employment under DDU-GKY.
- Captive employers are businesses which can employ 500 or more in their own organisation or one of their subsidiaries and have suitable in-house training facilities.
- Guidelines for Promotion of Integrated Farming Cluster (IFC).
- Integrated Farming is a combined approach aimed at efficient sustainable resource management for increased productivity in the cropping system.
- It has multiple objectives of sustainability, food security, farmer’s security and poverty reduction by involving livestock, vermicomposting, organic farming, etc.
- Memorandum of Understanding (MoU) for capacity building of Farmer Producer Organisations (FPOs)/StartUps and providing incubation support in rural areas.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana
- MoRD announced it on Antyodaya Diwas in 2014.
- It is a demand-driven placement linked skill training initiative working under the National Rural Livelihood Mission (NRLM).
- It uses skill training and placement in wage employment as a tool to diversify income and enable sustained upward movement out of poverty.
- DDU-GKY is uniquely focused on rural youth between the ages of 15 and 35 years from poor families.
Incorrect
Solution (a)
- Recently, the Ministry of Rural Development (MoRD) has celebrated the foundation day of Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) as “Kaushal Se Kal Badlenge” on the occasion of Antyodaya Diwas (25th September).
Inaugurations and New Releases:
- Agripreneurship (entrepreneurship in agriculture) Programme.
- Agripreneurship is defined as generally, sustainable, community-orientated, directly marketed agriculture.
- Sustainable agriculture denotes a holistic, systems-oriented approach to farming that focuses on the interrelationships of social, economic, and environmental processes.
- Guidelines regarding Captive Employment under DDU-GKY.
- Captive employers are businesses which can employ 500 or more in their own organisation or one of their subsidiaries and have suitable in-house training facilities.
- Guidelines for Promotion of Integrated Farming Cluster (IFC).
- Integrated Farming is a combined approach aimed at efficient sustainable resource management for increased productivity in the cropping system.
- It has multiple objectives of sustainability, food security, farmer’s security and poverty reduction by involving livestock, vermicomposting, organic farming, etc.
- Memorandum of Understanding (MoU) for capacity building of Farmer Producer Organisations (FPOs)/StartUps and providing incubation support in rural areas.
Deen Dayal Upadhyaya Grameen Kaushalya Yojana
- MoRD announced it on Antyodaya Diwas in 2014.
- It is a demand-driven placement linked skill training initiative working under the National Rural Livelihood Mission (NRLM).
- It uses skill training and placement in wage employment as a tool to diversify income and enable sustained upward movement out of poverty.
- DDU-GKY is uniquely focused on rural youth between the ages of 15 and 35 years from poor families.
-
Question 5 of 5
5. Question
JIMEX 20 Maritime Exercise is between India and which of the following country?
Correct
Solution (b)
- JIMEX series of exercises commenced in January 2012 with special focus on maritime security cooperation.
- It is conducted biennially between the Indian Navy and Japanese Maritime Self-Defense Force (JMSDF).
- The last edition of JIMEX was conducted in October 2018 off Visakhapatnam, India.
JIMEX 20:
- Multi-faceted tactical exercises involving weapon firings, cross deck helicopter operations and complex surface, anti-submarine and air warfare drills will consolidate coordination developed by the two navies.
- Indigenously built stealth destroyer Chennai, Teg Class stealth frigate Tarkash and Fleet Tanker Deepak will represent the Indian Navy.
- P8I Long Range Maritime Patrol Aircraft will also participate in the exercise.
Incorrect
Solution (b)
- JIMEX series of exercises commenced in January 2012 with special focus on maritime security cooperation.
- It is conducted biennially between the Indian Navy and Japanese Maritime Self-Defense Force (JMSDF).
- The last edition of JIMEX was conducted in October 2018 off Visakhapatnam, India.
JIMEX 20:
- Multi-faceted tactical exercises involving weapon firings, cross deck helicopter operations and complex surface, anti-submarine and air warfare drills will consolidate coordination developed by the two navies.
- Indigenously built stealth destroyer Chennai, Teg Class stealth frigate Tarkash and Fleet Tanker Deepak will represent the Indian Navy.
- P8I Long Range Maritime Patrol Aircraft will also participate in the exercise.