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
Consider the following statements regarding SAMARTH Udyog Bharat 4.0, seen recently in news:
- It is an Industry 4.0 initiative of the Department of Heavy Industry.
- Industry 4.0 refers to the fourth industrial revolution, which is related to the cyber-physical transformation of services sector.
Which of the above statements is/are correct?
Correct
Solution (a)
Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) -Udyog Bharat 4.0 is an Industry 4.0 initiative of the Department of Heavy Industry, under its scheme on Enhancement of Competitiveness in Indian Capital Goods Sector.
Industry 4.0 refers to the fourth industrial revolution, which is the cyber-physical transformation of manufacturing.
Industry 4.0 has been defined as a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory.
Article Link: CMTI Organizes Webinar on ‘Expert Talks from Samarth Udyog Centres
Incorrect
Solution (a)
Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) -Udyog Bharat 4.0 is an Industry 4.0 initiative of the Department of Heavy Industry, under its scheme on Enhancement of Competitiveness in Indian Capital Goods Sector.
Industry 4.0 refers to the fourth industrial revolution, which is the cyber-physical transformation of manufacturing.
Industry 4.0 has been defined as a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory.
Article Link: CMTI Organizes Webinar on ‘Expert Talks from Samarth Udyog Centres
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Question 2 of 5
2. Question
Consider the following statements regarding Global Manufacturing Risk Index 2021:
- It assesses the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).
- India ranks second as the most sought-after manufacturing destination globally.
- United States is the most sought-after manufacturing destination globally, driven by cost competitiveness.
Which of the above statements is/are correct?
Correct
Solution (b)
Global Manufacturing Risk Index assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).
The rankings in the report are determined based on four key parameters, including the country’s capability to restart manufacturing, business environment (availability of talent/labour, access to markets), operating costs, and the risks (political, economic and environmental).
The baseline ranking for top manufacturing destinations is determined on the basis of a country’s operating conditions and cost effectiveness.
Key findings of the report:
India takes the second spot after China as the most sought-after manufacturing destination globally.
The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland.
The growing focus on India can be attributed to India’s operating conditions and cost competitiveness. Also, the country’s proven success in meeting outsourcing requirements has led to the increase in the ranking year-on-year.
Article Link: India pips US to rank second in list of most attractive manufacturing hub globally
Incorrect
Solution (b)
Global Manufacturing Risk Index assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).
The rankings in the report are determined based on four key parameters, including the country’s capability to restart manufacturing, business environment (availability of talent/labour, access to markets), operating costs, and the risks (political, economic and environmental).
The baseline ranking for top manufacturing destinations is determined on the basis of a country’s operating conditions and cost effectiveness.
Key findings of the report:
India takes the second spot after China as the most sought-after manufacturing destination globally.
The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland.
The growing focus on India can be attributed to India’s operating conditions and cost competitiveness. Also, the country’s proven success in meeting outsourcing requirements has led to the increase in the ranking year-on-year.
Article Link: India pips US to rank second in list of most attractive manufacturing hub globally
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Question 3 of 5
3. Question
With reference to Nidhi Companies, consider the following statements:
- It works on the principle of mutual benefits that are regulated by the Ministry of Corporate Affairs.
- They have been exempted from core provisions of RBI Act applicable to NBFCs.
Which of the above statements is/are correct?
Correct
Solution (c)
Nidhi Company is a company registered under Companies Act and notified as a Nidhi company by Central Government under Section 620A of Companies Act, 2013. These are governed by the Ministry of Corporate Affairs (MCA).
Under Nidhi Rules, 2014, it is a company with the objective of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit.
It is a non-banking finance company (NBFC) doing the business of lending and borrowing with its members or shareholders.
RBI has powers to issue directives to them though not directly.
They have been exempted from core provisions of RBI Act applicable to NBFCs.
Article Link: Government cautions people of non-compliance by Nidhi companies
Incorrect
Solution (c)
Nidhi Company is a company registered under Companies Act and notified as a Nidhi company by Central Government under Section 620A of Companies Act, 2013. These are governed by the Ministry of Corporate Affairs (MCA).
Under Nidhi Rules, 2014, it is a company with the objective of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit.
It is a non-banking finance company (NBFC) doing the business of lending and borrowing with its members or shareholders.
RBI has powers to issue directives to them though not directly.
They have been exempted from core provisions of RBI Act applicable to NBFCs.
Article Link: Government cautions people of non-compliance by Nidhi companies
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Question 4 of 5
4. Question
Which of the following is the objective of Mission Sagar, sometimes seen in news?
Correct
Solution (c)
Mission Sagar is India’s initiative to deliver Covid-19 related assistance to the countries in the Indian Ocean Littoral states.
The countries including Maldives, Mauritius, Madagascar, Comoros and Seychelles had requested India for assistance in dealing with the Covid-19 pandemic.
The assistance is in line with India’s role as the first responder in the Indian Ocean region.
This is different from the Security and Growth for All in the region (SAGAR) vision which is India’s strategic vision for the Indian Ocean Region (IOR) to deepen economic and security cooperation with its maritime neighbours.
Article Link: Mission Sagar: Indian Naval Ship Airavat arrives at Jakarta to deliver medical supplies
Incorrect
Solution (c)
Mission Sagar is India’s initiative to deliver Covid-19 related assistance to the countries in the Indian Ocean Littoral states.
The countries including Maldives, Mauritius, Madagascar, Comoros and Seychelles had requested India for assistance in dealing with the Covid-19 pandemic.
The assistance is in line with India’s role as the first responder in the Indian Ocean region.
This is different from the Security and Growth for All in the region (SAGAR) vision which is India’s strategic vision for the Indian Ocean Region (IOR) to deepen economic and security cooperation with its maritime neighbours.
Article Link: Mission Sagar: Indian Naval Ship Airavat arrives at Jakarta to deliver medical supplies
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Question 5 of 5
5. Question
Temple Mount, seen recently in news, is located in:
Correct
Solution (a)
The Temple Mount refers to the elevated plaza above the Western Wall in Jerusalem, Israel that was the site of both of Judaism’s ancient temples.
The site is also the third holiest in Islam (after Mecca and Medina) and has been a focal point of inter-religious tension for decades.
At present, the site is under Israeli sovereignty but is administered by the Muslim Waqf (religious trust).
Jews and other non-Muslims are permitted to visit, but Jewish prayer is forbidden there — a provision long contested by a small number of Israeli Jews who oppose Muslim control over the site.
Recently, the government of Israel has allowed increasing numbers of Jews to pray there, a shift that could aggravate the instability and potentially lead to religious conflict in the region.
Article Link: In shift, Israel quietly allows Jewish prayer on temple mount
Incorrect
Solution (a)
The Temple Mount refers to the elevated plaza above the Western Wall in Jerusalem, Israel that was the site of both of Judaism’s ancient temples.
The site is also the third holiest in Islam (after Mecca and Medina) and has been a focal point of inter-religious tension for decades.
At present, the site is under Israeli sovereignty but is administered by the Muslim Waqf (religious trust).
Jews and other non-Muslims are permitted to visit, but Jewish prayer is forbidden there — a provision long contested by a small number of Israeli Jews who oppose Muslim control over the site.
Recently, the government of Israel has allowed increasing numbers of Jews to pray there, a shift that could aggravate the instability and potentially lead to religious conflict in the region.
Article Link: In shift, Israel quietly allows Jewish prayer on temple mount
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