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
Which of the following are considered as the strategic sectors under the recently unveiled Strategic Disinvestment Policy?
- Transport and Telecommunications
- Atomic energy, Space and Defence
- Banking, Insurance and financial services
- Petroleum, Coal and other minerals
Choose correct option:
Correct
Solution (d)
Finance Minister recently unveiled the Disinvestment/Strategic Disinvestment Policy and said four sectors — Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other minerals; and Banking, Insurance and financial services — would be strategic sectors.
In strategic sectors, there will be bare minimum presence of the public sector enterprises.
The remaining CPSEs in the strategic sectors will be privatised or merged or subsidiarised with other CPSEs or closed. In non-strategic sectors, CPSEs will be privatised, otherwise shall be closed.
Article reference: Union Budget 2021 | Govt. budgets ₹1.75 lakh cr. from stake sale
Incorrect
Solution (d)
Finance Minister recently unveiled the Disinvestment/Strategic Disinvestment Policy and said four sectors — Atomic energy, Space and Defence; Transport and Telecommunications; Power, Petroleum, Coal and other minerals; and Banking, Insurance and financial services — would be strategic sectors.
In strategic sectors, there will be bare minimum presence of the public sector enterprises.
The remaining CPSEs in the strategic sectors will be privatised or merged or subsidiarised with other CPSEs or closed. In non-strategic sectors, CPSEs will be privatised, otherwise shall be closed.
Article reference: Union Budget 2021 | Govt. budgets ₹1.75 lakh cr. from stake sale
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Question 2 of 5
2. Question
India had recently acceded to the Hong Kong International Convention (HKC), which is associated with –
Correct
Solution (a)
The Hong Kong International Convention for the safe and environmentally sound recycling of ships, or Hong Kong Convention is a mulitateral convention adopted in 2009. The conference that created the convention was attended by 63 countries, and overseen by the International Maritime Organization (IMO).
The Hong Kong Convention recognised that ship recycling is the most environmentally sound way to dispose of a ship at the end of its life, as most of the ship’s materials can be reused. However, it sees current methods as unacceptable.
Article link: Union Budget 2021 | Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs
Incorrect
Solution (a)
The Hong Kong International Convention for the safe and environmentally sound recycling of ships, or Hong Kong Convention is a mulitateral convention adopted in 2009. The conference that created the convention was attended by 63 countries, and overseen by the International Maritime Organization (IMO).
The Hong Kong Convention recognised that ship recycling is the most environmentally sound way to dispose of a ship at the end of its life, as most of the ship’s materials can be reused. However, it sees current methods as unacceptable.
Article link: Union Budget 2021 | Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs
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Question 3 of 5
3. Question
Consider the following statements with reference to the Railways’ share in overall budget and identify the correct statement:
Correct
Solution (b)
The Railways’ share in overall budget has steadily increased since FY18. However, in FY22 it suffered a marginal decline, accounting for nearly 3.16% of the overall Budget.
Incorrect
Solution (b)
The Railways’ share in overall budget has steadily increased since FY18. However, in FY22 it suffered a marginal decline, accounting for nearly 3.16% of the overall Budget.
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Question 4 of 5
4. Question
In order to improve agricultural infrastructure in the country, Finance Minister recently announced an Agriculture Infrastructure and Development Cess (AIDC) on which of the following items?
- Petrol
- Diesel
- Apples
- Alcohol
Choose correct answer:
Correct
Solution (d)
Union Finance Minister proposed the imposition of Agriculture Infrastructure and Development Cess (AIDC) during her Union Budget 2021 Presentation in the Parliament on February 1, 2021.
The Finance Minister announced Agriculture Infrastructure & Development Cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. The cess is not uniform and will vary from product to product.
The AIDC cess will be levied on other items including alcoholic beverages, Gold & silver Dore bars, Crude palm oil, crude soyabean oil, peas, kabuli chana, apples and Bengal gram etc.
All these items are mostly those that would not have a major impact on a huge part of the population.
Article reference: ‘Consumers will not be burdened by farm cess’
Incorrect
Solution (d)
Union Finance Minister proposed the imposition of Agriculture Infrastructure and Development Cess (AIDC) during her Union Budget 2021 Presentation in the Parliament on February 1, 2021.
The Finance Minister announced Agriculture Infrastructure & Development Cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. The cess is not uniform and will vary from product to product.
The AIDC cess will be levied on other items including alcoholic beverages, Gold & silver Dore bars, Crude palm oil, crude soyabean oil, peas, kabuli chana, apples and Bengal gram etc.
All these items are mostly those that would not have a major impact on a huge part of the population.
Article reference: ‘Consumers will not be burdened by farm cess’
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Question 5 of 5
5. Question
Pradhan Mantri Annadata Aay SanraksHan Abhiyan’ (PM-AASHA) is an umbrella scheme to –
Correct
Solution (a)
Pradhan Mantri Annadata Aay SanraksHan Abhiyan’ (PM-AASHA) is an umbrella scheme to ensure Minimum Support Price (MSP) to farmers. It comprises the erstwhile Price Support Scheme (PSS) with certain modifications and rolling out of new schemes of Price Deficiency Payment Scheme (PDPS) and pilot of Private Procurement and Stockist Scheme (PPSS). Under PM-AASHA, States/UTs are offered to choose either PSS and PDPS in a given procurement season with respect to particular oilseeds crop for the entire State. Pulses and Copra are procured under PSS. Only one scheme i.e. PSS or PDPS may be made operational in one State with respect to one commodity. Further, states have the option to roll out PPSS on pilot basis in district/selected APMCs of district involving the participation of private stockist for oilseeds. Further, wheat paddy and coarse grains are procured under the existing schemes of Department of Food and Public Distribution and Cotton is procured under the existing schemes of Ministry of Textiles. It is helping farmers in getting increased MSP which provides adequate returns over the cost of production.
Article reference: Union Budget 2021 | Budget sends mixed signals on farm sector
Incorrect
Solution (a)
Pradhan Mantri Annadata Aay SanraksHan Abhiyan’ (PM-AASHA) is an umbrella scheme to ensure Minimum Support Price (MSP) to farmers. It comprises the erstwhile Price Support Scheme (PSS) with certain modifications and rolling out of new schemes of Price Deficiency Payment Scheme (PDPS) and pilot of Private Procurement and Stockist Scheme (PPSS). Under PM-AASHA, States/UTs are offered to choose either PSS and PDPS in a given procurement season with respect to particular oilseeds crop for the entire State. Pulses and Copra are procured under PSS. Only one scheme i.e. PSS or PDPS may be made operational in one State with respect to one commodity. Further, states have the option to roll out PPSS on pilot basis in district/selected APMCs of district involving the participation of private stockist for oilseeds. Further, wheat paddy and coarse grains are procured under the existing schemes of Department of Food and Public Distribution and Cotton is procured under the existing schemes of Ministry of Textiles. It is helping farmers in getting increased MSP which provides adequate returns over the cost of production.
Article reference: Union Budget 2021 | Budget sends mixed signals on farm sector
