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 ‘Digital Rupee’
- It will be issued by the National Payments Corporation of India (NPCI)
- It will make use of blockchain technology
Choose the correct statements
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Digital Rupee will be issued by the Reserve Bank of India starting 2022-23 The Central Bank Digital Currency (CBDC) will use block chain and other technologies. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794160
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Digital Rupee will be issued by the Reserve Bank of India starting 2022-23 The Central Bank Digital Currency (CBDC) will use block chain and other technologies. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794160
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Question 2 of 5
2. Question
Arrange the following items in the increasing order of their expenditure according to Union Budget 2022-23.
- Interest payments
- Transfer to states
- Health
- Transport
Select the appropriate code
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Question 3 of 5
3. Question
‘RAMP Programme’ recently announced in budget is related to
Correct
Solution(d)
Raising and Accelerating MSME Performance (RAMP) programme with outlay of Rs 6,000 crore over 5 years will be rolled out to make the MSME sector more resilient, competitive and efficient.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794167
Incorrect
Solution(d)
Raising and Accelerating MSME Performance (RAMP) programme with outlay of Rs 6,000 crore over 5 years will be rolled out to make the MSME sector more resilient, competitive and efficient.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794167
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Question 4 of 5
4. Question
Consider the following statements regarding ‘Prime Minister’s Development Initiative For North-East (PM-DevINE)’ scheme
- It will fund infrastructure and social development projects
- Ministry of Development of North Eastern Region will implement the scheme
Choose the correct statements
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect The scheme will fund infrastructure, in the spirit of PM GatiShakti, and social development projects based on felt needs of the North-East. This will enable livelihood activities for youth and women, filling the gaps in various sectors. PM-DevINE will be implemented through the North-Eastern Council. An initial allocation of Rs. 1,500 crore will be made for the new scheme. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794230
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect The scheme will fund infrastructure, in the spirit of PM GatiShakti, and social development projects based on felt needs of the North-East. This will enable livelihood activities for youth and women, filling the gaps in various sectors. PM-DevINE will be implemented through the North-Eastern Council. An initial allocation of Rs. 1,500 crore will be made for the new scheme. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1794230
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Question 5 of 5
5. Question
Consider the following statements
- Capital expenditure forms nearly one-third of the total expenditure
- Capital expenditure includes expenditure on health, education
- Effective capital expenditure is the capital expenditure excluding grants in aids to states for creation of capital assets
Choose the correct statements
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect Capital expenditure forms nearly 20% of the total expenditure in this year’s budget Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and investment by the government that gives profits or dividend in future. Capital expenditure taken together with the provision made for creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs. 10.68 lakh crore in 2022-23, which will be about 4.1% of GDP Source: https://indianexpress.com/article/explained/budget-2022-nirmala-sitharaman-capex-allocation-7751141/
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect Capital expenditure forms nearly 20% of the total expenditure in this year’s budget Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and investment by the government that gives profits or dividend in future. Capital expenditure taken together with the provision made for creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs. 10.68 lakh crore in 2022-23, which will be about 4.1% of GDP Source: https://indianexpress.com/article/explained/budget-2022-nirmala-sitharaman-capex-allocation-7751141/
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