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
With reference to Global Innovation Index 2021, consider the following statements:
- It is published by the World Bank.
- India performed better in innovation outputs than innovation inputs in 2021.
- India ranks first among 34 lower middle-income group economies.
Which of the above statements is/are correct?
Correct
Solution (b)
The GII is published by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.
The Global Innovation Index (GII) ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into innovation inputs and outputs, the GII aims to capture the multi-dimensional facets of innovation.
India’s position:
- India ranks 46th among the 132 economies featured in the GII 2021.
- India performs better in innovation outputs than innovation inputs in 2021.
- This year India ranks 57th in innovation inputs, the same as last year but higher than 2019.
- As for innovation outputs, India ranks 45th. This position is the same as last year but higher than 2019.
- India ranks 2nd among the 34 lower middle-income group economies.
- India ranks 1st among the 10 economies in Central and Southern Asia.
Article Link: India scores 46th rank in the Global Innovation Index 2021
Incorrect
Solution (b)
The GII is published by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.
The Global Innovation Index (GII) ranks world economies according to their innovation capabilities. Consisting of roughly 80 indicators, grouped into innovation inputs and outputs, the GII aims to capture the multi-dimensional facets of innovation.
India’s position:
- India ranks 46th among the 132 economies featured in the GII 2021.
- India performs better in innovation outputs than innovation inputs in 2021.
- This year India ranks 57th in innovation inputs, the same as last year but higher than 2019.
- As for innovation outputs, India ranks 45th. This position is the same as last year but higher than 2019.
- India ranks 2nd among the 34 lower middle-income group economies.
- India ranks 1st among the 10 economies in Central and Southern Asia.
Article Link: India scores 46th rank in the Global Innovation Index 2021
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Question 2 of 5
2. Question
With reference to the State Food Safety Index, consider the following statements:
- It is developed by NITI Aayog.
- Among the larger states Kerala ranks first in food safety parameters.
Which of the above statements is/are correct?
Correct
Solution (d)
The State Food Safety Index is developed by the Food Safety and Standards Authority of India (FSSAI).
It measures the performance of States across five parameters of food safety. The parameters include Human Resources and Institutional Data, Compliance, Food Testing – Infrastructure and Surveillance, Training & Capacity Building and Consumer Empowerment.
This year, among the larger states, Gujarat was the top ranking state, followed by Kerala and Tamil Nadu.
Among the smaller states, Goa stood first followed by Meghalaya and Manipur.
Among UTs, Jammu & Kashmir, Andaman & Nicobar Islands and New Delhi secured top ranks.
Article Link: Union Health Minister releases 3rd State Food Safety Index
Incorrect
Solution (d)
The State Food Safety Index is developed by the Food Safety and Standards Authority of India (FSSAI).
It measures the performance of States across five parameters of food safety. The parameters include Human Resources and Institutional Data, Compliance, Food Testing – Infrastructure and Surveillance, Training & Capacity Building and Consumer Empowerment.
This year, among the larger states, Gujarat was the top ranking state, followed by Kerala and Tamil Nadu.
Among the smaller states, Goa stood first followed by Meghalaya and Manipur.
Among UTs, Jammu & Kashmir, Andaman & Nicobar Islands and New Delhi secured top ranks.
Article Link: Union Health Minister releases 3rd State Food Safety Index
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Question 3 of 5
3. Question
With reference to IPO grey market, consider the following statements:
- It is a parallel market where the shares of a company are bought and sold outside the official trading channels.
- In IPO Grey Market the trading takes place before shares are issued in a follow-on-public offer.
Which of the above statements is/are correct?
Correct
Solution (a)
An IPO grey market is one where a company’s shares are bid and offered by traders unofficially. This takes place before the shares are even issued by the company in an Initial Public Offering (IPO).
Since this is an unofficial market, there are no rules and regulations. Market regulators like Securities and Exchange Board of India (SEBI) are not involved in these transactions. The regulator doesn’t endorse this either.
Grey markets are generally run by a small set of individuals. All deals are based on mutual trust.
Article Link: Paras Defence IPO: GMP, subscription status
Incorrect
Solution (a)
An IPO grey market is one where a company’s shares are bid and offered by traders unofficially. This takes place before the shares are even issued by the company in an Initial Public Offering (IPO).
Since this is an unofficial market, there are no rules and regulations. Market regulators like Securities and Exchange Board of India (SEBI) are not involved in these transactions. The regulator doesn’t endorse this either.
Grey markets are generally run by a small set of individuals. All deals are based on mutual trust.
Article Link: Paras Defence IPO: GMP, subscription status
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Question 4 of 5
4. Question
Lake Tanganyika forms the border between:
Correct
Solution (b)
Lake Tanganyika is the longest freshwater lake in the world and the second deepest. It is located in eastern Africa.
The lake is divided among four countries: Tanzania, Democraticc Republic of Congo (DRC), Burundi and Zambia with Tanzania (46%) and DRC (40%) possessing the majority of the lake.
Article Link: Most internal displacement in East Africa’s Burundi due to rise of Lake Tanganyika
Incorrect
Solution (b)
Lake Tanganyika is the longest freshwater lake in the world and the second deepest. It is located in eastern Africa.
The lake is divided among four countries: Tanzania, Democraticc Republic of Congo (DRC), Burundi and Zambia with Tanzania (46%) and DRC (40%) possessing the majority of the lake.
Article Link: Most internal displacement in East Africa’s Burundi due to rise of Lake Tanganyika
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Question 5 of 5
5. Question
The Canary Islands is an archipelago located in:
Correct
Solution (c)
The Canary Islands is a Spanish archipelago in the Atlantic Ocean, in a region known as Macaronesia.
At their closest point to the African mainland, they are 100 kilometres west of Morocco.
They are the southernmost of the autonomous communities of Spain, and are located in the African Tectonic Plate.
The archipelago is economically and politically European, and is part of the European Union.
Article Link: Volcano spews lava in Spain’s Canary Islands, dramatic videos capture intensity of disaster
Incorrect
Solution (c)
The Canary Islands is a Spanish archipelago in the Atlantic Ocean, in a region known as Macaronesia.
At their closest point to the African mainland, they are 100 kilometres west of Morocco.
They are the southernmost of the autonomous communities of Spain, and are located in the African Tectonic Plate.
The archipelago is economically and politically European, and is part of the European Union.
Article Link: Volcano spews lava in Spain’s Canary Islands, dramatic videos capture intensity of disaster
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