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 North Eastern Region Power System Improvement Project:
- All the north-eastern states will be the beneficiaries under this project except Assam.
- The financial assistance to this project is done by World Bank.
Which of the above statements is/are correct?
Correct
Solution (b)
- In news: The Cabinet Committee on Economic Affairs has approved the Revised Cost Estimate (RCE) of Rs. 6,700 crore for the North Eastern Region Power System Improvement Project (NERPSIP).
North Eastern Region Power System Improvement Project:
- The Scheme was initially approved in December 2014 as a Central Sector Scheme of the Ministry of Power.
- Objective: Government’s commitment for the total economic development of the North Eastern Region and to strengthen the Intra-State Transmission & Distribution Infrastructure in the North East Region.
- Funded By: The assistance of the World Bank fund and by the Government of India through the Budget support of the Ministry of Power on 50:50 basis except for the capacity building component for Rs. 89 crore, which will be entirely funded by the Government of India.
Implemented By:
- The scheme is being implemented through Power Grid Corporation of India Limited (POWERGRID) in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura and is targeted to be commissioned by December 2021.
- POWERGRID is a ‘Maharatna’ Company operating under Ministry of Power, it is engaged in power transmission business with the responsibility for planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS).
- Maintenance: After commissioning, the project will be owned and maintained by the respective North Eastern State Utilities.
Incorrect
Solution (b)
- In news: The Cabinet Committee on Economic Affairs has approved the Revised Cost Estimate (RCE) of Rs. 6,700 crore for the North Eastern Region Power System Improvement Project (NERPSIP).
North Eastern Region Power System Improvement Project:
- The Scheme was initially approved in December 2014 as a Central Sector Scheme of the Ministry of Power.
- Objective: Government’s commitment for the total economic development of the North Eastern Region and to strengthen the Intra-State Transmission & Distribution Infrastructure in the North East Region.
- Funded By: The assistance of the World Bank fund and by the Government of India through the Budget support of the Ministry of Power on 50:50 basis except for the capacity building component for Rs. 89 crore, which will be entirely funded by the Government of India.
Implemented By:
- The scheme is being implemented through Power Grid Corporation of India Limited (POWERGRID) in association with six beneficiary North Eastern States namely, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura and is targeted to be commissioned by December 2021.
- POWERGRID is a ‘Maharatna’ Company operating under Ministry of Power, it is engaged in power transmission business with the responsibility for planning, implementation, operation and maintenance of Inter-State Transmission System (ISTS).
- Maintenance: After commissioning, the project will be owned and maintained by the respective North Eastern State Utilities.
-
Question 2 of 5
2. Question
Consider the following statements with respect to Human Development Index (HDI):
- The index is released by United Nation Development Programme.
- India has climbed its position by two spots in 2020 HDI index compared to 2019.
Which of the above statements is/are correct?
Correct
Solution (a)
- In news: Human Development Index was released recently.
- Released by: United Nations Development Programme (UNDP).
- India dropped to 131st spot among 189 countries
- India’s HDI value for 2019 is 0.645 which put it in the medium human development category.
- India had ranked 130 in 2018 in the index.
- Life expectancy of Indians at birth in 2019 was 69.7 years.
- Bangladesh has a life expectancy of 72.6 years and Pakistan 67.3 years.
- Top countries: Norway (1), Ireland (2), Switzerland (3), Hong Kong (4) and Iceland (5)
- Indigenous children in Cambodia, India and Thailand show more malnutrition-related issues such as stunting and wasting.
- India has dropped two spots on the Human Development Index (HDI), according to the 2020 Human Development Report.
Do you know?
- Human Development Index is the measure of a nation’s health, education, and standards of living
Incorrect
Solution (a)
- In news: Human Development Index was released recently.
- Released by: United Nations Development Programme (UNDP).
- India dropped to 131st spot among 189 countries
- India’s HDI value for 2019 is 0.645 which put it in the medium human development category.
- India had ranked 130 in 2018 in the index.
- Life expectancy of Indians at birth in 2019 was 69.7 years.
- Bangladesh has a life expectancy of 72.6 years and Pakistan 67.3 years.
- Top countries: Norway (1), Ireland (2), Switzerland (3), Hong Kong (4) and Iceland (5)
- Indigenous children in Cambodia, India and Thailand show more malnutrition-related issues such as stunting and wasting.
- India has dropped two spots on the Human Development Index (HDI), according to the 2020 Human Development Report.
Do you know?
- Human Development Index is the measure of a nation’s health, education, and standards of living
-
Question 3 of 5
3. Question
Which of the following will be the result if a country weakens its currency?
Correct
Solution (c)
What is Currency Manipulation?
- Currency manipulation refers to actions taken by governments to change the value of their currencies relative to other currencies in order to bring about some desirable objective.
- The typical claim – often doubtful – is that countries manipulate their currencies in order to make their exports effectively cheaper on the world market and in turn make imports more expensive.
Why do countries manipulate their currencies?
- In general, countries prefer their currency to be weak because it makes them more competitive on the international trade front.
- A lower currency makes a country’s exports more attractive because they are cheaper on the international market.
- For example, a weak Rupee makes Indian exports less expensive for offshore buyers.
- Secondly, by boosting exports, a country can use a lower currency to shrink its trade deficit.
- Finally, a weaker currency alleviates pressure on a country’s sovereign debt obligations.
- After issuing offshore debt, a country will make payments, and as these payments are denominated in the offshore currency, a weak local currency effectively decreases these debt payments.
- Currency devaluation involves taking measures to strategically lower the purchasing power of a nation’s own currency.
- Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive which results in shrinking of trade deficit.
Incorrect
Solution (c)
What is Currency Manipulation?
- Currency manipulation refers to actions taken by governments to change the value of their currencies relative to other currencies in order to bring about some desirable objective.
- The typical claim – often doubtful – is that countries manipulate their currencies in order to make their exports effectively cheaper on the world market and in turn make imports more expensive.
Why do countries manipulate their currencies?
- In general, countries prefer their currency to be weak because it makes them more competitive on the international trade front.
- A lower currency makes a country’s exports more attractive because they are cheaper on the international market.
- For example, a weak Rupee makes Indian exports less expensive for offshore buyers.
- Secondly, by boosting exports, a country can use a lower currency to shrink its trade deficit.
- Finally, a weaker currency alleviates pressure on a country’s sovereign debt obligations.
- After issuing offshore debt, a country will make payments, and as these payments are denominated in the offshore currency, a weak local currency effectively decreases these debt payments.
- Currency devaluation involves taking measures to strategically lower the purchasing power of a nation’s own currency.
- Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive which results in shrinking of trade deficit.
-
Question 4 of 5
4. Question
Strait of Malacca runs between which of the following countries?
Correct
Solution (a)
Incorrect
Solution (a)
-
Question 5 of 5
5. Question
Consider the following statements with respect to Himalayan Griffon Vulture:
- It is a migratory bird species native to Himalayas.
- It is listed in Appendix II of the CITES.
Which of the above statements is/are correct?
Correct
Solution (C)
Himalayan Griffon Vulture
- It is a migratory bird species native to Himalayas, has been spotted in Point Calimere wildlife sanctuary in Tamil Nadu.
- It is usually found in the high-altitude regions.
- Their originate from Himalayan Chain and Plateau of Tibet
- The IUCN status of the bird is “Near threatened”.
- It is listed in Appendix II of the CITES.
Incorrect
Solution (C)
Himalayan Griffon Vulture
- It is a migratory bird species native to Himalayas, has been spotted in Point Calimere wildlife sanctuary in Tamil Nadu.
- It is usually found in the high-altitude regions.
- Their originate from Himalayan Chain and Plateau of Tibet
- The IUCN status of the bird is “Near threatened”.
- It is listed in Appendix II of the CITES.
