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
Consider the following
- Aerated drinks
- Petroleum products
- Luxury cars
- Alcoholic drinks
- Tobacco products
Which of the following mentioned above fall under the highest tax slab under Goods and Services Tax?
Correct
Solution(a)
Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.
Source: https://www.thehindu.com/opinion/op-ed/revive-tax-increases-stub-out-tobacco-product-use/article65205393.ece
Incorrect
Solution(a)
Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.
Source: https://www.thehindu.com/opinion/op-ed/revive-tax-increases-stub-out-tobacco-product-use/article65205393.ece
-
Question 2 of 5
2. Question
Consider the following statements regarding ‘Bangladesh, Bhutan, India, Nepal (BBIN) Initiative’
- It is a subgroup within South Asian Association for Regional Co-operation (SAARC)
- The Motor Vehicle Agreement (MVA) signed under BBIN will permit the member states to ply their vehicles in each other’s territory for transportation of cargo and passengers, including personal vehicles
- Delhi declaration was recently signed by all the members of BBIN
Select the correct statement/s
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The Bangladesh, Bhutan, India, Nepal (BBIN) Initiative is a sub-regional architecture of countries in Eastern South Asia, a subregion of South Asia. It is not a grouping within SAARC. The BBIN Motor Vehicles Agreement (MVA) was signed on 15 June 2015 at the BBIN transport ministers meeting in Thimpu, Bhutan. The agreement will permit the member states to ply their vehicles in each other’s territory for transportation of cargo and passengers, including third country transport and personal vehicles. Each vehicle would require an electronic permit to enter another country’s territory, and border security arrangement between nations’ borders will also remain Delhi declaration is related to Afghanistan. It does not come under BBIN. Source: https://www.thehindu.com/news/national/bangladesh-india-nepal-move-ahead-on-motor-vehicle-agreement-project/article65205145.ece
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The Bangladesh, Bhutan, India, Nepal (BBIN) Initiative is a sub-regional architecture of countries in Eastern South Asia, a subregion of South Asia. It is not a grouping within SAARC. The BBIN Motor Vehicles Agreement (MVA) was signed on 15 June 2015 at the BBIN transport ministers meeting in Thimpu, Bhutan. The agreement will permit the member states to ply their vehicles in each other’s territory for transportation of cargo and passengers, including third country transport and personal vehicles. Each vehicle would require an electronic permit to enter another country’s territory, and border security arrangement between nations’ borders will also remain Delhi declaration is related to Afghanistan. It does not come under BBIN. Source: https://www.thehindu.com/news/national/bangladesh-india-nepal-move-ahead-on-motor-vehicle-agreement-project/article65205145.ece
-
Question 3 of 5
3. Question
‘Jharokha’ a pan India programme held recently aims to promote
Correct
Solution(b)
As part of the Azadi ka Amrit Mahotsav Ministry of Culture and Ministry of Textiles are organizing “Jharokha-Compendium of Indian handicraft/ handloom, art and culture”. It will be a PAN India celebration which will be held at 16 locations in 13 states and UTs. Jharokha is acelebration of the traditional Indian handicrafts, handlooms, and art & culture. The first event under this celebration is being organized in Bhopal, Madhya Pradeshstarting from 8th March 2022 on the occasion of International Women’s Day. It will be organized at Rani Kamlapati Railway Station which is named after the brave and fearless Queen Kamlapati of the Gond kingdom of Madhya Pradesh.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1803810
Incorrect
Solution(b)
As part of the Azadi ka Amrit Mahotsav Ministry of Culture and Ministry of Textiles are organizing “Jharokha-Compendium of Indian handicraft/ handloom, art and culture”. It will be a PAN India celebration which will be held at 16 locations in 13 states and UTs. Jharokha is acelebration of the traditional Indian handicrafts, handlooms, and art & culture. The first event under this celebration is being organized in Bhopal, Madhya Pradeshstarting from 8th March 2022 on the occasion of International Women’s Day. It will be organized at Rani Kamlapati Railway Station which is named after the brave and fearless Queen Kamlapati of the Gond kingdom of Madhya Pradesh.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1803810
-
Question 4 of 5
4. Question
Consider the following statements
- US Dollar inflow into the Indian market leads to a fall in the value of Rupee
- RBI buys dollars and injects equivalent amount of Rupee when inflation is high
Choose the correct statement/s
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The Reserve Bank of India (RBI) on Tuesday conducted a $ 5 billion dollar-rupee swap auction as part of its liquidity management initiative, leading to infusion of dollars and sucking out of the rupee from the financial system. The central bank’s move will reduce the pressure on inflation and strengthen the rupee. The central bank sells dollars, it sucks out an equivalent amount in rupees, thus reducing the rupee liquidity in the system. The RBI normally brings down liquidity in the system when inflation threatens to rise sharply. Source: https://indianexpress.com/article/explained/explained-what-does-rbis-5-bn-dollar-rupee-swap-mean-7808158/
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The Reserve Bank of India (RBI) on Tuesday conducted a $ 5 billion dollar-rupee swap auction as part of its liquidity management initiative, leading to infusion of dollars and sucking out of the rupee from the financial system. The central bank’s move will reduce the pressure on inflation and strengthen the rupee. The central bank sells dollars, it sucks out an equivalent amount in rupees, thus reducing the rupee liquidity in the system. The RBI normally brings down liquidity in the system when inflation threatens to rise sharply. Source: https://indianexpress.com/article/explained/explained-what-does-rbis-5-bn-dollar-rupee-swap-mean-7808158/
-
Question 5 of 5
5. Question
Consider the following statements
- India is the world’s fifth largest energy consuming country and the largest importer of coal
- Recently amended rules allow lessee of captive mines to sell coal or lignite up to 50% of the total production
- The electricity sector is the largest consumer of coking coal in India
Choose the answer using the code given below
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Incorrect India is the world’s third largest energy consuming country and the second largest importer of coal after China Mineral Concession (Amendment) Rules, 1960 under MMDR (Amendment) Act, 2021 allows lessee of captive mines to sell coal or lignite up to 50% of the total excess production after meeting the requirements of the end- use plant Coal supplies over 40% of energy in India. Around 30% of coal is imported. Due to high demand and poor average quality, India imports coking coal to meet the requirements of its steel plants. The electricity sector is the largest consumer of raw coal in India. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1803928
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Incorrect India is the world’s third largest energy consuming country and the second largest importer of coal after China Mineral Concession (Amendment) Rules, 1960 under MMDR (Amendment) Act, 2021 allows lessee of captive mines to sell coal or lignite up to 50% of the total excess production after meeting the requirements of the end- use plant Coal supplies over 40% of energy in India. Around 30% of coal is imported. Due to high demand and poor average quality, India imports coking coal to meet the requirements of its steel plants. The electricity sector is the largest consumer of raw coal in India. Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1803928
- 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
