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
In the context of economic recession, which of the following actions can be considered a part of the “fiscal stimulus” package?
- Lowering interest rates
- Cutting tax rates
- Increasing Govt. spending
- Abolishing the subsidies
Select the correct answer using the codes given below
Correct
Solution (b)
Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kick start growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
Do you know?
Over the course of a normal business cycle, governments may try to influence the pace and composition of economic growth using various tools at their disposal. Central government may utilize fiscal and monetary policy tools to stimulate growth. Similarly, state and local governments can also engage in stimulus spending by initiating projects or enacting policies that encourage private sector investment.
Article link: GDP likely to contract by 7.7% in 2020-21, says Govt.
Incorrect
Solution (b)
Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kick start growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
Do you know?
Over the course of a normal business cycle, governments may try to influence the pace and composition of economic growth using various tools at their disposal. Central government may utilize fiscal and monetary policy tools to stimulate growth. Similarly, state and local governments can also engage in stimulus spending by initiating projects or enacting policies that encourage private sector investment.
Article link: GDP likely to contract by 7.7% in 2020-21, says Govt.
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Question 2 of 5
2. Question
Consider the following statements about Inner Line Permit (ILP)
- It can be issued for travel purposes solely.
- It is issued by Ministry of Concerned State Government to foreign citizens.
- Currently, it is applicable in all the North Eastern States.
Which of the statements given above is/are correct?
Correct
Solution (a)
Inner Line Permit (ILP)
- It is an official travel document issued by the Government of India to grant inward travel of an Indian citizen into a protected area for a limited period.
- It is obligatory for Indians residing outside those states to obtain permission prior to entering the protected areas.
- Currently, the Inner Line Permit is operational in Arunachal Pradesh, Mizoram and Nagaland.
- The document has been issued under the Bengal Eastern Frontier Regulation, 1873 and the conditions and restrictions vary from state to state.
- It can be issued for travel purposes solely.
- Visitors are not allowed to purchase property in these regions. However, there might be a different set of rules for long term visitors, though they are not valid for central government employees and security forces.
Article link: Meghalaya lawmakers asked to unite for ILP
Incorrect
Solution (a)
Inner Line Permit (ILP)
- It is an official travel document issued by the Government of India to grant inward travel of an Indian citizen into a protected area for a limited period.
- It is obligatory for Indians residing outside those states to obtain permission prior to entering the protected areas.
- Currently, the Inner Line Permit is operational in Arunachal Pradesh, Mizoram and Nagaland.
- The document has been issued under the Bengal Eastern Frontier Regulation, 1873 and the conditions and restrictions vary from state to state.
- It can be issued for travel purposes solely.
- Visitors are not allowed to purchase property in these regions. However, there might be a different set of rules for long term visitors, though they are not valid for central government employees and security forces.
Article link: Meghalaya lawmakers asked to unite for ILP
-
Question 3 of 5
3. Question
Consider the following statements:
- The Constitution lays down that a person shall be disqualified from being a member of Parliament if he is so disqualified on the ground of defection under the provisions of the Tenth Schedule.
- Once a member of the House incurs disqualification under the Tenth Schedule, he cannot be permitted to contest again during the term for which he was elected.
Which of the statements given above is/are correct?
Correct
Solution (c)
Disqualification on Ground of Defection
The Constitution also down that a person shall be disqualified from being a member of Parliament if he is so disqualified on the ground of defection under the provisions of the Tenth Schedule.
A member incurs disqualification under the defection law:
- if he voluntary gives up the membership of the political party on whose ticket he is elected to the House;
- if he votes or abstains from voting in the House contrary to any direction given by his political party;
- if any independently elected member joins any political party; and
- if any nominated member joins any political party after the expiry of six months.
The question of disqualification under the Tenth Schedule is decided by the Chairman in the case of Rajya Sabha and Speaker in the case of Lok Sabha (and not by the president of India). In 1992, the Supreme Court ruled that the decision of the Chairman/Speaker in this regard is subject to judicial review.
Do you know?
- Once a member of the House incurs disqualification under the Tenth Schedule, he cannot be permitted to contest again during the term for which he was elected.
- Article 172 makes a membership of a House co terminus with the term of five years of the House except in circumstances mentioned there in.
Article link: Supreme Court notice to Centre, EC on plea to debar legislators
Incorrect
Solution (c)
Disqualification on Ground of Defection
The Constitution also down that a person shall be disqualified from being a member of Parliament if he is so disqualified on the ground of defection under the provisions of the Tenth Schedule.
A member incurs disqualification under the defection law:
- if he voluntary gives up the membership of the political party on whose ticket he is elected to the House;
- if he votes or abstains from voting in the House contrary to any direction given by his political party;
- if any independently elected member joins any political party; and
- if any nominated member joins any political party after the expiry of six months.
The question of disqualification under the Tenth Schedule is decided by the Chairman in the case of Rajya Sabha and Speaker in the case of Lok Sabha (and not by the president of India). In 1992, the Supreme Court ruled that the decision of the Chairman/Speaker in this regard is subject to judicial review.
Do you know?
- Once a member of the House incurs disqualification under the Tenth Schedule, he cannot be permitted to contest again during the term for which he was elected.
- Article 172 makes a membership of a House co terminus with the term of five years of the House except in circumstances mentioned there in.
Article link: Supreme Court notice to Centre, EC on plea to debar legislators
-
Question 4 of 5
4. Question
Which of the following statements is/are correct regarding the Dedicated Freight Corridors (DFC) project by Indian Railways?
- The project aims to reduce the unit cost of transportation and speed up the freight train in India.
- The Eastern DFC is funded by Japan while the Western DFC is funded by World Bank.
- The freight trains in DFC will run completely on electricity, reducing the emission of Green house gases.
Select the correct answer using the code given below:
Correct
Solution (c)
The primary aim of the project is to reduce the unit transportation cost and speed up the freight trains resulting in higher productivity.
- The Eastern DFC extends from Dankuni near Kolkata to Ludhiana in Punjab, while the Western DFC extends from the Jawahar Lal Nehru Port (JNPT) in Mumbai to Dadri near Delhi.
- The Western DFC is being funded by the Japan International Cooperation Agency (JICA) up to 77 per cent of the total cost.
- The Ludhiana to Mughalsarai section (1183 km) of the Eastern DFC is being funded by the World Bank up to 66 per cent of the project cost.
- The trains will run completely on electrcity and thus reduces the green house gas emissions. Once implemented DFC will make Indian freight transport cheapest in the world as they run on a Broad-gauage with double-stack using electric locomotives, which no other country has achieved.
For further reading on DFCs, refer the Table Showing Dedicated Freight Corridors in India in the below link –
https://en.wikipedia.org/wiki/Dedicated_Freight_Corridor_Corporation_of_India
Article link: Western Dedicated Freight Corridor will be a boon for nation: PM
Incorrect
Solution (c)
The primary aim of the project is to reduce the unit transportation cost and speed up the freight trains resulting in higher productivity.
- The Eastern DFC extends from Dankuni near Kolkata to Ludhiana in Punjab, while the Western DFC extends from the Jawahar Lal Nehru Port (JNPT) in Mumbai to Dadri near Delhi.
- The Western DFC is being funded by the Japan International Cooperation Agency (JICA) up to 77 per cent of the total cost.
- The Ludhiana to Mughalsarai section (1183 km) of the Eastern DFC is being funded by the World Bank up to 66 per cent of the project cost.
- The trains will run completely on electrcity and thus reduces the green house gas emissions. Once implemented DFC will make Indian freight transport cheapest in the world as they run on a Broad-gauage with double-stack using electric locomotives, which no other country has achieved.
For further reading on DFCs, refer the Table Showing Dedicated Freight Corridors in India in the below link –
https://en.wikipedia.org/wiki/Dedicated_Freight_Corridor_Corporation_of_India
Article link: Western Dedicated Freight Corridor will be a boon for nation: PM
-
Question 5 of 5
5. Question
Which of the following statements is/are correct regarding fiscal deficit?
- It leads to crowding-out of private investment.
- It leads to inflation in economy.
- It leads to increase in primary deficit.
Select the correct answer using the code given below:
Correct
Solution (d)
Fiscal deficit means Government need to borrow from the market which leads to crowding-out of funding for private players.
Fiscal deficit is inflationary and not deflationary as it leads to borrowing of money without any asset created for that.
Fiscal deficit adds to borrowings of the government and hence leads to increase in interest liabilities and thus adds to primary deficit.
Article link: India’s fiscal deficit may exceed 7% in current fiscal, say sources
Incorrect
Solution (d)
Fiscal deficit means Government need to borrow from the market which leads to crowding-out of funding for private players.
Fiscal deficit is inflationary and not deflationary as it leads to borrowing of money without any asset created for that.
Fiscal deficit adds to borrowings of the government and hence leads to increase in interest liabilities and thus adds to primary deficit.
Article link: India’s fiscal deficit may exceed 7% in current fiscal, say sources
