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 is cause of ‘Alzheimer’s disease”?
Correct
Solution (c)
Explanation:
‘Alzheimer’s is a progressive disease that destroys memory and other important mental functions.
Brain cell connections and the cells themselves degenerate and die, eventually destroying memory and other important mental functions.
Memory loss and confusion are the main symptoms.
No cure exists, but medication and management strategies may temporarily improve symptoms.
Article reference: JNCASR team develops potential drug candidate for Alzheimer’s
Incorrect
Solution (c)
Explanation:
‘Alzheimer’s is a progressive disease that destroys memory and other important mental functions.
Brain cell connections and the cells themselves degenerate and die, eventually destroying memory and other important mental functions.
Memory loss and confusion are the main symptoms.
No cure exists, but medication and management strategies may temporarily improve symptoms.
Article reference: JNCASR team develops potential drug candidate for Alzheimer’s
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Question 2 of 5
2. Question
Consider the following statements about “Emergency Credit Line Guarantee Scheme (ECLGS)”:
- This scheme is part of Atmanirbhar Package.
- 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) for Guaranteed Emergency Credit Line (GECL) facility under ECLGS.
- This Scheme mainly targets Micro, Small and Medium Enterprises (MSMEs).
Which of the statements given above is/are correct?
Correct
Solution (d)
Explanation:
‘‘Emergency Credit Line Guarantee Scheme (ECLGS)”
- This package is in aid of Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.(Part of Atmanirbhar Psckage)
- The ECLGS provides for the Guaranteed Emergency Credit Line (GECL) facility.
- The GECL is a loan for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) – banks, financial institutions and Non-Banking Financial Companies (NBFCs).
- The loans are extended in the form of additional working capital term loan facility in case of banks and additional term loan facility in case of NBFCs to eligible Micro, Small and Medium Enterprises (MSMEs)/business enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers.
- No processing charges or collateral required – Processing charges, foreclosure and prepayment charges will be waived. No collateral is required for this scheme.
Article reference: ECGLS helps push MSME loan growth as of end Sept: Report
Incorrect
Solution (d)
Explanation:
‘‘Emergency Credit Line Guarantee Scheme (ECLGS)”
- This package is in aid of Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.(Part of Atmanirbhar Psckage)
- The ECLGS provides for the Guaranteed Emergency Credit Line (GECL) facility.
- The GECL is a loan for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) – banks, financial institutions and Non-Banking Financial Companies (NBFCs).
- The loans are extended in the form of additional working capital term loan facility in case of banks and additional term loan facility in case of NBFCs to eligible Micro, Small and Medium Enterprises (MSMEs)/business enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers.
- No processing charges or collateral required – Processing charges, foreclosure and prepayment charges will be waived. No collateral is required for this scheme.
Article reference: ECGLS helps push MSME loan growth as of end Sept: Report
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Question 3 of 5
3. Question
Consider the following statements regarding “OPEC + Countries”:
- Countries which import Petroleum from OPEC country are called OPEC+ countries.
- OPEC member countries produce about 60 percent of the world’s crude oil while its oil exports represent about 40 percent of the total petroleum traded internationally.
- India is also a member of OPEC plus.
Which of the above statement is/are incorrect?
Correct
Solution (d)
OPEC+
The non-OPEC countries which export crude oil along with the 14 OPECs are termed as OPEC plus countries.
OPEC plus countries = Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan. (India is not a member of OPEC + countries)
OPEC member countries produce about 40 percent of the world’s crude oil. Equally important to global prices, OPEC’s oil exports represent about 60 percent of the total petroleum traded internationally.
Saudi and Russia, had three-year alliance of oil producers known as OPEC Plus — which now includes 11 OPEC members and 10 non-OPEC nations — that aims to shore up oil prices with production cuts.
Article link: ‘OPEC+ move to hit recovery’
Incorrect
Solution (d)
OPEC+
The non-OPEC countries which export crude oil along with the 14 OPECs are termed as OPEC plus countries.
OPEC plus countries = Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan. (India is not a member of OPEC + countries)
OPEC member countries produce about 40 percent of the world’s crude oil. Equally important to global prices, OPEC’s oil exports represent about 60 percent of the total petroleum traded internationally.
Saudi and Russia, had three-year alliance of oil producers known as OPEC Plus — which now includes 11 OPEC members and 10 non-OPEC nations — that aims to shore up oil prices with production cuts.
Article link: ‘OPEC+ move to hit recovery’
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Question 4 of 5
4. Question
Consider the following statement regarding “Archaeological Survey of India”
- It is an independent body with overall control of Ministry of Culture.
- “Apni Dharohar, Apni Pehachn” is jointly implemented by ASI and Ministry of Tourism.
Which of the above statements is/are correct?
Correct
Solution (b)
Statement 1: The Archaeological Survey of India is an attached agency to the Ministry of Culture that is responsible for archaeological research and the conservation and preservation of cultural monuments in the country. It was founded in 1861 by Alexander Cunningham who also became its first Director-General. (So, statement 1 is incorrect)
Statement 2: The ‘Adopt a Heritage’:
- ‘Apni Dharohar, Apni Pehchaan’ scheme is an initiative of the Ministry of Tourism, in collaboration with the Ministry of Culture and the Archaeological Survey of India.
- It was launched in 2017.
- Under it, the government invites entities, including public sector companies, private sector firms as well as individuals, to develop selected monuments and heritage and tourist sites across India.
- The sites/monument are selected on the basis of tourist footfall and visibility and can be adopted by private and public sector companies and individuals — known as Monument Mitras — for an initial period of five years.
- The Monument Mitras are selected by the ‘oversight and vision committee,’ co-chaired by the Tourism Secretary and the Culture Secretary, on the basis of the bidder’s ‘vision’ for development of all amenities at the heritage site.
- There is no financial bid involved.
- The corporate sector is expected to use corporate social responsibility (CSR) funds for the upkeep of the site.
Article link: Free entry for women at ASI sites on March 8
Incorrect
Solution (b)
Statement 1: The Archaeological Survey of India is an attached agency to the Ministry of Culture that is responsible for archaeological research and the conservation and preservation of cultural monuments in the country. It was founded in 1861 by Alexander Cunningham who also became its first Director-General. (So, statement 1 is incorrect)
Statement 2: The ‘Adopt a Heritage’:
- ‘Apni Dharohar, Apni Pehchaan’ scheme is an initiative of the Ministry of Tourism, in collaboration with the Ministry of Culture and the Archaeological Survey of India.
- It was launched in 2017.
- Under it, the government invites entities, including public sector companies, private sector firms as well as individuals, to develop selected monuments and heritage and tourist sites across India.
- The sites/monument are selected on the basis of tourist footfall and visibility and can be adopted by private and public sector companies and individuals — known as Monument Mitras — for an initial period of five years.
- The Monument Mitras are selected by the ‘oversight and vision committee,’ co-chaired by the Tourism Secretary and the Culture Secretary, on the basis of the bidder’s ‘vision’ for development of all amenities at the heritage site.
- There is no financial bid involved.
- The corporate sector is expected to use corporate social responsibility (CSR) funds for the upkeep of the site.
Article link: Free entry for women at ASI sites on March 8
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Question 5 of 5
5. Question
Freedom in the World Report, 2021 is released by which of the following organisation?
Correct
Solution (c)
About Freedom in the World Report, 2021
- By : US-based human rights watchdog Freedom House
- Freedom House is a U.S.-based, U.S. government-funded non-profit non-governmental organization (NGO) that conducts research and advocacy on democracy, political freedom, and human rights
- Freedom in the World Report, 2021 — Downgraded India’s status from ‘Free’ to ‘Partly Free’, in its annual report.
- The report has been published since 1973-largely funded through U.S. government grants
Article link: India is ‘partly free’, says U.S. thinktank
Incorrect
Solution (c)
About Freedom in the World Report, 2021
- By : US-based human rights watchdog Freedom House
- Freedom House is a U.S.-based, U.S. government-funded non-profit non-governmental organization (NGO) that conducts research and advocacy on democracy, political freedom, and human rights
- Freedom in the World Report, 2021 — Downgraded India’s status from ‘Free’ to ‘Partly Free’, in its annual report.
- The report has been published since 1973-largely funded through U.S. government grants
Article link: India is ‘partly free’, says U.S. thinktank
