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
Q.1) Recently the Government of India in consultation with the RBI has decided to issue Sovereign Gold Bonds. Investors can buy Sovereign Gold Bonds from which of the following institutions?
- Scheduled Commercial Banks
- Post Offices
- Payment Banks
Choose the correct answer from the codes given below:
Correct
Q.1) Solution (b)
Sovereign Gold Bonds are issued by the RBI on behalf of the government. They are government securities denominated in grams of gold. They are substitutes for holding physical gold.
Apart from having a chance to gain from the rise in gold prices at the time of redemption (capital gain), the investors get a fixed rate of interest on the investment amount throughout the tenure of the fund.
The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions.
Investors can buy Sovereign Gold Bonds from Scheduled Commercial Banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited, designated post offices, and recognised stock exchanges- National Stock Exchange and Bombay Stock Exchange.
Article Link: Sovereign Gold Bond Scheme 2021-22
Incorrect
Q.1) Solution (b)
Sovereign Gold Bonds are issued by the RBI on behalf of the government. They are government securities denominated in grams of gold. They are substitutes for holding physical gold.
Apart from having a chance to gain from the rise in gold prices at the time of redemption (capital gain), the investors get a fixed rate of interest on the investment amount throughout the tenure of the fund.
The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions.
Investors can buy Sovereign Gold Bonds from Scheduled Commercial Banks (except Small Finance Banks and Payment Banks), Stock Holding Corporation of India Limited, designated post offices, and recognised stock exchanges- National Stock Exchange and Bombay Stock Exchange.
Article Link: Sovereign Gold Bond Scheme 2021-22
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Question 2 of 5
2. Question
Q.2) Consider the following statements regarding Index of Industrial Production (IIP):
- IIP is published by the Labour Bureau in the Ministry of Labour and Employment.
- The Base year for IIP is 2010-11.
- IIP is published on monthly basis.
Which of the above statements is/are correct?
Correct
Q.2) Solution (c)
The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time.
It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation. Base year of IIP is 2011-12.
IIP is a composite indicator that measures the growth rate of industry groups classified under:
- Broad sectors: Mining, Manufacturing and Electricity.
- Use-based sectors: Basic goods, Capital goods and Intermediate goods.
The 8 core industries of India (Petroleum and refinery, Electricity, Steel, Coal, Crude oil, Natural gas, Cement and Fertilizers) represent about 40% of the weight of items that are included in the IIP.
Article Link: Inflation eases to 4.29% in April
Incorrect
Q.2) Solution (c)
The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a fixed period of time.
It is compiled and published monthly by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation. Base year of IIP is 2011-12.
IIP is a composite indicator that measures the growth rate of industry groups classified under:
- Broad sectors: Mining, Manufacturing and Electricity.
- Use-based sectors: Basic goods, Capital goods and Intermediate goods.
The 8 core industries of India (Petroleum and refinery, Electricity, Steel, Coal, Crude oil, Natural gas, Cement and Fertilizers) represent about 40% of the weight of items that are included in the IIP.
Article Link: Inflation eases to 4.29% in April
-
Question 3 of 5
3. Question
Q.3) Consider the following regarding OSIRIS-REx mission:
- It is a joint mission of NASA and SPACE-X.
- It aims to survey the sky in the near-infrared light to study the birth of the universe.
Which of the above statements is/are correct?
Correct
Q.3) Solution (d)
OSIRIS-Rex (Origin, Spectral Interpretation, Resource Identification, Security, Regolith Explorer) mission is a mission of NASA only.
This is NASA’s first mission to return a sample from the ancient asteroid. It was launched in 2016 for the journey to asteroid Bennu. The mission is a seven- year –long voyage and it will conclude when atleast 60 grams of samples are delivered back to the earth.
According to NASA the mission promises to bring the largest amount of extraterrestrial material back to earth since Apollo era.
Bennu is an asteroid about as tall as the Empire States Building, located about 200 million miles away from the Earth. Bennu offers scientists a window into the early solar system as it was taking shape billion of years ago and tossing ingredients that could have helped seed life on Earth.
Recently, OSIRIS-Rex spacecraft departed from asteroid Bennu, and started its two year long journey back to Earth.
Article Link: NASA’s OSIRIS-REx begins journey back from asteroid
Incorrect
Q.3) Solution (d)
OSIRIS-Rex (Origin, Spectral Interpretation, Resource Identification, Security, Regolith Explorer) mission is a mission of NASA only.
This is NASA’s first mission to return a sample from the ancient asteroid. It was launched in 2016 for the journey to asteroid Bennu. The mission is a seven- year –long voyage and it will conclude when atleast 60 grams of samples are delivered back to the earth.
According to NASA the mission promises to bring the largest amount of extraterrestrial material back to earth since Apollo era.
Bennu is an asteroid about as tall as the Empire States Building, located about 200 million miles away from the Earth. Bennu offers scientists a window into the early solar system as it was taking shape billion of years ago and tossing ingredients that could have helped seed life on Earth.
Recently, OSIRIS-Rex spacecraft departed from asteroid Bennu, and started its two year long journey back to Earth.
Article Link: NASA’s OSIRIS-REx begins journey back from asteroid
-
Question 4 of 5
4. Question
Q.4) Consider the following statements regarding National Food Security Act (NFSA):
- Beneficiary covered under Priority Household receive 5 kg of food grains per person per month at subsidized rate.
- Beneficiary covered under Antyodaya Anna Yojana receives 35 kg of foodgrain per household per month free of cost.
Which of the above statements is/are correct?
Correct
Q.4) Solution (a)
The objective of National Food Security Act (NFSA) is to provide food and nutrition security in the human life cycle approach, by ensuring access to adequate quantities of quality food at affordable prices to people to live life with dignity.
Under NFSA beneficiaries are identified under two categories:
- Priority Household
- Antyodaya Anna Yojana Household
Beneficiary covered under priority household receives 5 kg of foodgrains per person per month at Rs. 3/2/1 per kg for rice/wheat/coarse grain.
AAY households constitute poorest of the poor families from amongst the number of Below Poverty Line families and they are entitled to receive 35 kg of foodgrains per family per month at subsidized rates.
Other provisions under NFSA:
- Nutritious meal, free of charge to pregnant women and lactating mothers and children upto 6 years of age under ICDS.
- Nutritious meal, free of charge to children in the 6-14 years age group under MDM.
- Maternity benefits of Rs. 6000 to pregnant women and lactating mothers.
Article Link: A bullet train to hunger
Incorrect
Q.4) Solution (a)
The objective of National Food Security Act (NFSA) is to provide food and nutrition security in the human life cycle approach, by ensuring access to adequate quantities of quality food at affordable prices to people to live life with dignity.
Under NFSA beneficiaries are identified under two categories:
- Priority Household
- Antyodaya Anna Yojana Household
Beneficiary covered under priority household receives 5 kg of foodgrains per person per month at Rs. 3/2/1 per kg for rice/wheat/coarse grain.
AAY households constitute poorest of the poor families from amongst the number of Below Poverty Line families and they are entitled to receive 35 kg of foodgrains per family per month at subsidized rates.
Other provisions under NFSA:
- Nutritious meal, free of charge to pregnant women and lactating mothers and children upto 6 years of age under ICDS.
- Nutritious meal, free of charge to children in the 6-14 years age group under MDM.
- Maternity benefits of Rs. 6000 to pregnant women and lactating mothers.
Article Link: A bullet train to hunger
-
Question 5 of 5
5. Question
Q.5) Which of the following countries are the members of ASEAN?
- Bangladesh
- Timor- Leste
- Vietnam
Choose the correct answer from the codes given below:
Correct
Q.5) Solution (c)
The Association of Southeast Asian Nations is a regional organization which was established to promote political and social stability amid rising tensions among the Asia- Pacific’s post colonial states.
It was established on 8th August 1967 in Bangkok, Thailand with the signing of the ASEAN Declaration.
Present ten members of ASEAN include: Brunei, Cambodia, Philippines, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
Chairmanship rotates annually based on the alphabet order of the English names of Member States.
ASEAN seeks to promote economic growth and regional stability among its members through consultation, consensus and cooperation.
Article Link: A hundred days after the coup
Incorrect
Q.5) Solution (c)
The Association of Southeast Asian Nations is a regional organization which was established to promote political and social stability amid rising tensions among the Asia- Pacific’s post colonial states.
It was established on 8th August 1967 in Bangkok, Thailand with the signing of the ASEAN Declaration.
Present ten members of ASEAN include: Brunei, Cambodia, Philippines, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
Chairmanship rotates annually based on the alphabet order of the English names of Member States.
ASEAN seeks to promote economic growth and regional stability among its members through consultation, consensus and cooperation.
Article Link: A hundred days after the coup
