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 ‘Production Linked Incentive Scheme for Textiles’
- It is applicable for both man-made fibres and technical textiles
- Only manufacturing company registered in India will be eligible to participate under the scheme
- It has a budgetary outlay of 1,00,000 crores over five years
Select the correct statement/s
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Government has recently approved the PLI Scheme for Textiles for man-made fibre (MMF) Apparel, MMF Fabrics and Technical Textiles Only manufacturing company registered in India will be eligible to participate under the scheme. The scheme has a budgetary outlay of 10,683 crores with a duration of 5 years i.e. during FY 2025- 26 to FY 2029-30. Context – Government has approved the PLI Scheme for Textiles
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Government has recently approved the PLI Scheme for Textiles for man-made fibre (MMF) Apparel, MMF Fabrics and Technical Textiles Only manufacturing company registered in India will be eligible to participate under the scheme. The scheme has a budgetary outlay of 10,683 crores with a duration of 5 years i.e. during FY 2025- 26 to FY 2029-30. Context – Government has approved the PLI Scheme for Textiles
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Question 2 of 5
2. Question
Consider the following statements
- Telecom sector was nationalized by Government of India under Indira Gandhi
- Private sector participation in telecom equipment manufacturing was allowed post LPG reforms in 1991
Choose the correct statements
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect All telecommunication companies were nationalized in 1947 and a body named Posts, Telegraph and Telephone was formed. Private sector participation in telecom equipment manufacturing began in 1984. Context – The Union Cabinet approved structural and process reforms in the Telecom sector
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect All telecommunication companies were nationalized in 1947 and a body named Posts, Telegraph and Telephone was formed. Private sector participation in telecom equipment manufacturing began in 1984. Context – The Union Cabinet approved structural and process reforms in the Telecom sector
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Question 3 of 5
3. Question
With reference to ‘Card Tokenization guidelines’ announced by Reserve Bank of India (RBI), consider the following statements
- Tokenization refers to replacement of card details with an alternative code for every transaction
- No entity in the card transaction/payment chain shall store the actual card data for more than 2 months
- The guidelines are applicable to every device that connects with the internet including wrist watches, bands
Select the correct statements using the appropriate code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Tokenization refers to replacement of card details with an alternative code called a ‘token’, which is unique for a combination of card, token requestor (the entity that accepts a request from the customer for tokenization of a card and passes it on to the card network to issue a token) and the device With effect from January 1, 2022, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the actual card data. The guidelines extend the tokenization guidelines to every device that connects with the internet, including mobile phones, tablets, laptops, desktops, wrist watches, bands, Internet of Things devices as well as payment aggregators. Context – RBI recently announced new guidelines for card tokenization.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Tokenization refers to replacement of card details with an alternative code called a ‘token’, which is unique for a combination of card, token requestor (the entity that accepts a request from the customer for tokenization of a card and passes it on to the card network to issue a token) and the device With effect from January 1, 2022, no entity in the card transaction/payment chain, other than the card issuers and/or card networks, shall store the actual card data. The guidelines extend the tokenization guidelines to every device that connects with the internet, including mobile phones, tablets, laptops, desktops, wrist watches, bands, Internet of Things devices as well as payment aggregators. Context – RBI recently announced new guidelines for card tokenization.
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Question 4 of 5
4. Question
‘Regulatory Sandbox’ seen in news is used in the context of
Correct
Solution(d)
Regulatory Sandbox refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited purpose of the testing.
Context – RBI announced opening of third cohort under Regulatory Sandbox.
Incorrect
Solution(d)
Regulatory Sandbox refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited purpose of the testing.
Context – RBI announced opening of third cohort under Regulatory Sandbox.
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Question 5 of 5
5. Question
Consider the following statements regarding ‘Dugongs’
- It is the only existing species of herbivorous mammal that lives exclusively in the sea
- In India, It is found in waters around Tamil Nadu and Andaman & Nicobar Islands
Choose the correct statement/s
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct Dugongs, also known as Sea Cows, are the only herbivorous marine mammals and the only member of the family Dugongidae, making it one of the four surviving species in the Order Sirenia (other is Trichechidae, or the manatee family). It is classified as Vulnerable by IUCN Dugongs are protected in India and occur in Gulf of Mannar, Palk Bay, Gulf of Kutch and Andaman and Nicobar islands. Context – Tamil Nadu government announced India’s first conservation reserve for Dugongs in Palk Bay
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct Dugongs, also known as Sea Cows, are the only herbivorous marine mammals and the only member of the family Dugongidae, making it one of the four surviving species in the Order Sirenia (other is Trichechidae, or the manatee family). It is classified as Vulnerable by IUCN Dugongs are protected in India and occur in Gulf of Mannar, Palk Bay, Gulf of Kutch and Andaman and Nicobar islands. Context – Tamil Nadu government announced India’s first conservation reserve for Dugongs in Palk Bay
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