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
’Emergency Use Listing’ is used in the context of
Correct
Solution(c)
Covovax is produced by the Serum Institute of India under license from Novovax, a US based biotechnology company. The vaccine has been approved by the World Health Organization(WHO) under its Emergency Use Listing.
Source: https://www.thehindu.com/sci-tech/health/corbevax-covovax-molnupiravir-approved-for-restricted-emergency-use-against-covid-19/article38053695.ece
Incorrect
Solution(c)
Covovax is produced by the Serum Institute of India under license from Novovax, a US based biotechnology company. The vaccine has been approved by the World Health Organization(WHO) under its Emergency Use Listing.
Source: https://www.thehindu.com/sci-tech/health/corbevax-covovax-molnupiravir-approved-for-restricted-emergency-use-against-covid-19/article38053695.ece
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Question 2 of 5
2. Question
Consider the following statements:
- Countervailing duties or CVDs are a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value
- An anti-dumping duty is a tariff on imported goods that are imposed to offset subsidies given by the exporting country’s government
Choose the correct statements:
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect Countervailing duties or CVDs are tariffs on imported goods that are imposed to offset subsidies given by the exporting country’s government. The WTO only permits countervailing duties to be charged after the importing nation has conducted an in-depth investigation into the subsidized exports An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Source: https://www.thehindu.com/opinion/editorial/trade-defence-the-hindu-editorial-on-anti-dumping-duty-on-chinese-goods/article38058485.ece
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect Countervailing duties or CVDs are tariffs on imported goods that are imposed to offset subsidies given by the exporting country’s government. The WTO only permits countervailing duties to be charged after the importing nation has conducted an in-depth investigation into the subsidized exports An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Source: https://www.thehindu.com/opinion/editorial/trade-defence-the-hindu-editorial-on-anti-dumping-duty-on-chinese-goods/article38058485.ece
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Question 3 of 5
3. Question
With reference to the history of India, Manu, Vijnaneshwara and Kautilya were famous
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Question 4 of 5
4. Question
Consider the following statements regarding ‘Apatani’ tribe
- The tribe predominantly weaves shawls known as jig-jiro and jilan or jackets called supuntarii.
- The Apatani practice aquaculture along with rice farming uniquely known as Rice-fish culture.
Choose the correct statements
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct The tribe predominantly weaves shawls known as jig-jiro and jilan or jackets called supuntarii. The people here use different leaves and plant resources for organic dying the cotton yarns in their traditional ways. And only women folk are engaged in weaving. The Apatani are a tribe inhabiting the Ziro Valley of Lower Subansiri District of Arunachal Pradesh. The Apatani practice aquaculture alongwith rice farming on their plots. Rice – fish culture in the valley is a unique practice in the state where two crops of rice (Mipya and Emoh) and one crop of fish (Ngihi) are raised together Source: https://www.thehindu.com/news/national/other-states/plea-seeks-gi-tag-for-arunachal-apatani-textile-product/article38059215.ece
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct The tribe predominantly weaves shawls known as jig-jiro and jilan or jackets called supuntarii. The people here use different leaves and plant resources for organic dying the cotton yarns in their traditional ways. And only women folk are engaged in weaving. The Apatani are a tribe inhabiting the Ziro Valley of Lower Subansiri District of Arunachal Pradesh. The Apatani practice aquaculture alongwith rice farming on their plots. Rice – fish culture in the valley is a unique practice in the state where two crops of rice (Mipya and Emoh) and one crop of fish (Ngihi) are raised together Source: https://www.thehindu.com/news/national/other-states/plea-seeks-gi-tag-for-arunachal-apatani-textile-product/article38059215.ece
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Question 5 of 5
5. Question
Consider the following statements regarding ‘Capital Conservation Buffer’
- The capital conservation buffer (CCB) is intended to protect the banking sector against losses that could be caused by cyclical systemic risks increasing in the economy.
- It is part of Basel 3 norms.
Choose the correct statements:
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct The capital conservation buffer (CCoB) is a capital buffer amounting to 2.5% of a bank’s total exposures during normal times. It must be made up of Common Equity Tier 1 capital. This buffer is in addition to the 4.5% minimum requirement for Common Equity Tier 1 capital. In 2010, Basel III guidelines were released The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity Source: https://www.thehindu.com/business/Economy/rbi-flags-banks-capital-buffer-needs/article38058548.ece
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct The capital conservation buffer (CCoB) is a capital buffer amounting to 2.5% of a bank’s total exposures during normal times. It must be made up of Common Equity Tier 1 capital. This buffer is in addition to the 4.5% minimum requirement for Common Equity Tier 1 capital. In 2010, Basel III guidelines were released The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity Source: https://www.thehindu.com/business/Economy/rbi-flags-banks-capital-buffer-needs/article38058548.ece
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