IASbaba Daily Prelims Quiz
For Previous Daily Quiz (ARCHIVES) – CLICK HERE
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.
Gear up and Make the Best Use of this initiative.
Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!”
Important Note:
- Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂
- After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions.
Test-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
To view Solutions, follow these instructions:
- Click on – ‘Start Test’ button
- Solve Questions
- Click on ‘Test Summary’ button
- Click on ‘Finish Test’ button
- Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the test.
You have to finish following test, to start this test:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have scored 0 points out of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
SATAT is an initiative of the Government of India, aims at:
Correct
Solution (d)
SATAT stands for Sustainable Alternative Towards Affordable Transportation.
It is an initiative aimed at setting up compressed Bio-Gas production plants and makes them available in the market for use in automotive fuels by inviting Expression of Interest from potential entrepreneurs.
It was launched by the Ministry of Petroleum and Natural Gas in association with the PSUs- Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd.
Article Link: Shri Dharmendra Pradhan presides over a slew of initiatives around Compressed Bio Gas to give filip to SATAT scheme
Incorrect
Solution (d)
SATAT stands for Sustainable Alternative Towards Affordable Transportation.
It is an initiative aimed at setting up compressed Bio-Gas production plants and makes them available in the market for use in automotive fuels by inviting Expression of Interest from potential entrepreneurs.
It was launched by the Ministry of Petroleum and Natural Gas in association with the PSUs- Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd.
Article Link: Shri Dharmendra Pradhan presides over a slew of initiatives around Compressed Bio Gas to give filip to SATAT scheme
-
Question 2 of 5
2. Question
Consider the following statements regarding IPO grey market, seen recently in news:
- It is controlled by SEBI.
- Under this, shares are bought and sold before they become available for trading on the stock market.
Which of the above statements is are correct:
Correct
Solution (b)
Grey Market IPO is an unofficial market where individuals buy/sell IPO shares or applications before they are officially launched for trading on the stock exchange. As it is an unofficial over-the-counter market, there are no regulations around it. All transactions are done in cash on a personal basis. Any 3rd party firms like the Securities and Exchange Board of India (SEBI), Stock Exchange or Brokers are not involved or back this transaction.
The grey market is an unofficial market, whereas the IPO market is an official recognized medium of raising funds in the market under SEBI regulation. The IPO market and the IPO grey market do not have any official connection.
Article Link: Paytm shares go past Rs. 21,000 in grey market
Incorrect
Solution (b)
Grey Market IPO is an unofficial market where individuals buy/sell IPO shares or applications before they are officially launched for trading on the stock exchange. As it is an unofficial over-the-counter market, there are no regulations around it. All transactions are done in cash on a personal basis. Any 3rd party firms like the Securities and Exchange Board of India (SEBI), Stock Exchange or Brokers are not involved or back this transaction.
The grey market is an unofficial market, whereas the IPO market is an official recognized medium of raising funds in the market under SEBI regulation. The IPO market and the IPO grey market do not have any official connection.
Article Link: Paytm shares go past Rs. 21,000 in grey market
-
Question 3 of 5
3. Question
What is the significance of AmbiTag technology, seen recently in news:
Correct
Solution (a)
AmbiTag is India’s first indigenous temperature data logger for cold chain management.
AmbiTag records real-time ambient temperature during the transportation of perishable products, vaccines and even body organs and blood. That recorded temperature further helps to know whether that particular item transported from anywhere in the world is still usable or perished because of temperature variation. This information is particularly critical for vaccines including Covid-19 vaccine, organs and blood transportation.
It is a first-of-its kind Internet of Things (IoT) device developed by Indian Institute of Technology, Ropar (IIT Ropar) in Punjab.
Besides perishable items including vegetables, meat and dairy products it can also monitor the temperature of animal semen during transit. So far, such devices are being imported by India in a massive quantity from other countries such as Singapore, Hong Kong, Ireland, and China. It is a push towards Atmanirbhar Bharat.
Article Link: IIT Ropar develops ‘AmbiTag’ to record real-time ambient temperature
Incorrect
Solution (a)
AmbiTag is India’s first indigenous temperature data logger for cold chain management.
AmbiTag records real-time ambient temperature during the transportation of perishable products, vaccines and even body organs and blood. That recorded temperature further helps to know whether that particular item transported from anywhere in the world is still usable or perished because of temperature variation. This information is particularly critical for vaccines including Covid-19 vaccine, organs and blood transportation.
It is a first-of-its kind Internet of Things (IoT) device developed by Indian Institute of Technology, Ropar (IIT Ropar) in Punjab.
Besides perishable items including vegetables, meat and dairy products it can also monitor the temperature of animal semen during transit. So far, such devices are being imported by India in a massive quantity from other countries such as Singapore, Hong Kong, Ireland, and China. It is a push towards Atmanirbhar Bharat.
Article Link: IIT Ropar develops ‘AmbiTag’ to record real-time ambient temperature
-
Question 4 of 5
4. Question
Consider the following statements regarding Variable Capital Company, seen recently in news:
- It is a corporate structure for investment funds
- It provides flexibility in the issuance and redemption of shares.
Which of the above statements is/are correct?
Correct
Solution (c)
Variable capital Company is a new corporate structure for investment funds. It has a variable capital structure that provides flexibility in the issuance and redemption of its shares.
It can be set up as a single standalone fund or an umbrella fund with two or more sub-funds, each holding a portfolio of segregated assets and liabilities.
It is basically an alternative form of corporate vehicle that dispenses with some of the key limitations of companies and limited liability partnerships (LLPs). It can be used for both open-ended and closed ended alternative and traditional fund strategies.
Article Link: Fund management activity: Variable Capital Company structure recommended in IFSCs
Incorrect
Solution (c)
Variable capital Company is a new corporate structure for investment funds. It has a variable capital structure that provides flexibility in the issuance and redemption of its shares.
It can be set up as a single standalone fund or an umbrella fund with two or more sub-funds, each holding a portfolio of segregated assets and liabilities.
It is basically an alternative form of corporate vehicle that dispenses with some of the key limitations of companies and limited liability partnerships (LLPs). It can be used for both open-ended and closed ended alternative and traditional fund strategies.
Article Link: Fund management activity: Variable Capital Company structure recommended in IFSCs
-
Question 5 of 5
5. Question
Consider the following statements regarding Mount Nyiragongo, seen recently in news:
- It was a dormant volcano which recently became active.
- It is in Nigeria
- It is a stratovolcano
Which of the above statements is/are correct?
Correct
Solution (c)
Mount Nyiragongo is part of the Virunga volcanic chain and owes its existence to the activity of the African Great Rift. The rift is constantly extending and opening. Mount Nyiragongo is an active stratovolcano with an elevation of 3,470 m. It is located inside Virunga National Park, in the Democratic Republic of the Congo.
Nyiragongo’s lava lake has at times been the most voluminous known lava lake in recent history.
Nyiragongo and nearby Nyamuragira are together responsible for 40% of Africa’s historical volcanic eruptions.
Article Link: Mount Nyiragongo’s volcano: why it’s unique and treacherous
Incorrect
Solution (c)
Mount Nyiragongo is part of the Virunga volcanic chain and owes its existence to the activity of the African Great Rift. The rift is constantly extending and opening. Mount Nyiragongo is an active stratovolcano with an elevation of 3,470 m. It is located inside Virunga National Park, in the Democratic Republic of the Congo.
Nyiragongo’s lava lake has at times been the most voluminous known lava lake in recent history.
Nyiragongo and nearby Nyamuragira are together responsible for 40% of Africa’s historical volcanic eruptions.
Article Link: Mount Nyiragongo’s volcano: why it’s unique and treacherous
- Current Affairs Quiz, IAS Daily Current Affairs Quiz, IAS UPSC Current Affairs Quiz, IAS UPSC Prelims Quiz, IASbaba's Current Affairs Prelims Quiz, IASbaba's Daily Quiz, IASbaba's UPSC Quiz, Prelims Current Affairs Quiz, UPSC Current Affairs Quiz, UPSC Current Affairs Quiz IASbaba, UPSC Daily Current Affair Quiz, UPSC IAS Daily Quiz
