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 ‘International Atomic Energy Agency (IAEA)’
- It was established independently of the United Nations through its own international treaty
- The IAEA reports to both the United Nations General Assembly and Security Council
- Italy functions as the depository Government for the IAEA Statute
Select the correct statements
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect It was established independently of the United Nations through its own international treaty, the IAEA Statute The IAEA reports to both the United Nations General Assembly and Security Council. United States functions as the depositary Government for the IAEA Statute. The State is considered a member when its acceptance letter is deposited. The United States then informs the IAEA, which notifies other IAEA Member States Source: https://www.thehindu.com/opinion/editorial/not-taking-sides-the-hindu-editorial-on-india-and-the-ukraine-conflict/article65187973.ece
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect It was established independently of the United Nations through its own international treaty, the IAEA Statute The IAEA reports to both the United Nations General Assembly and Security Council. United States functions as the depositary Government for the IAEA Statute. The State is considered a member when its acceptance letter is deposited. The United States then informs the IAEA, which notifies other IAEA Member States Source: https://www.thehindu.com/opinion/editorial/not-taking-sides-the-hindu-editorial-on-india-and-the-ukraine-conflict/article65187973.ece
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Question 2 of 5
2. Question
‘Xenotransplantation’ involves the transplantation between
Correct
Solution(b)
Xenotransplantation is the transplantation of living cells, tissues or organs from one species to another. Such cells, tissues or organs are called xenografts or xenotransplants. It is contrasted with allotransplantation (from other individual of same species), syngeneic transplantation or isotransplantation (grafts transplanted between two genetically identical individuals of the same species) and autotransplantation (from one part of the body to another in the same person).
Source: https://www.thehindu.com/opinion/lead/can-you-make-a-silk-purse-out-of-a-sows-ear/article65187503.ece
Incorrect
Solution(b)
Xenotransplantation is the transplantation of living cells, tissues or organs from one species to another. Such cells, tissues or organs are called xenografts or xenotransplants. It is contrasted with allotransplantation (from other individual of same species), syngeneic transplantation or isotransplantation (grafts transplanted between two genetically identical individuals of the same species) and autotransplantation (from one part of the body to another in the same person).
Source: https://www.thehindu.com/opinion/lead/can-you-make-a-silk-purse-out-of-a-sows-ear/article65187503.ece
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Question 3 of 5
3. Question
Consider the following statements regarding ‘Indus Water Treaty’
- The Indus Waters Treaty (IWT) is a water-distribution treaty between India and Pakistan, brokered by the United Nations
- The Commission is required to meet at least once in a year
- In cases of dispute or disagreement, Permanent Court of Arbitration (PCA) alone is responsible for arbitration
Select the correct statements
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The Indus Waters Treaty (IWT) is a water-distribution treaty between India and Pakistan, brokered by the World Bank, to use the water available in the Indus River and its tributaries. It was signed in Karachi on 19 September 1960 by Indian Prime Minister Jawaharlal Nehru and Pakistani President Ayub Khan. The Commission is required to meet at least once in a year to discuss potential disputes as well as cooperative arrangements for the development of the Indus System of Rivers. In cases of dispute or disagreement, Permanent Court of Arbitration (PCA) or a neutral technical expert respectively is called in for arbitration. Source: https://www.thehindu.com/news/national/india-says-all-its-projects-fully-compliant-with-provisions-of-indus-waters-treaty/article65188258.ece
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The Indus Waters Treaty (IWT) is a water-distribution treaty between India and Pakistan, brokered by the World Bank, to use the water available in the Indus River and its tributaries. It was signed in Karachi on 19 September 1960 by Indian Prime Minister Jawaharlal Nehru and Pakistani President Ayub Khan. The Commission is required to meet at least once in a year to discuss potential disputes as well as cooperative arrangements for the development of the Indus System of Rivers. In cases of dispute or disagreement, Permanent Court of Arbitration (PCA) or a neutral technical expert respectively is called in for arbitration. Source: https://www.thehindu.com/news/national/india-says-all-its-projects-fully-compliant-with-provisions-of-indus-waters-treaty/article65188258.ece
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Question 4 of 5
4. Question
With reference to ‘Asian Infrastructure Investment Bank (AIIB)’, Which of the following statements are CORRECT
- AIIB is a multilateral development bank established by the BRICS states
- India has the third largest voting share after China and Russia
Choose the appropriate code
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014. China is the AIIB’s largest shareholder with a 26.5% voting share. India is the second largest, with 7.5%, followed by Russia, which has a 5.97% voting share. Source: https://www.thehindu.com/news/international/asian-infrastructure-investment-bank-puts-russia-belarus-projects-on-hold/article65187557.ece
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014. China is the AIIB’s largest shareholder with a 26.5% voting share. India is the second largest, with 7.5%, followed by Russia, which has a 5.97% voting share. Source: https://www.thehindu.com/news/international/asian-infrastructure-investment-bank-puts-russia-belarus-projects-on-hold/article65187557.ece
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Question 5 of 5
5. Question
Consider the following
- American depositary receipts (ADRs)
- Exchange traded funds
- Reinvested earnings
- Intra-company loans
- Mutual funds
Which of the following constitute Foreign Portfolio Investment (FPI)
Correct
Solution(a)
Foreign portfolio investment (FPI) refers to the purchase of securities and other financial assets by investors from another country. Examples of foreign portfolio investments include stocks, bonds, mutual funds, exchange traded funds, American depositary receipts (ADRs), and global depositary receipts (GDRs).
Source: https://www.outlookindia.com/business/fpi-holdings-in-domestic-equities-down-2-to-654-billion-in-october-december-report-news-185021
Incorrect
Solution(a)
Foreign portfolio investment (FPI) refers to the purchase of securities and other financial assets by investors from another country. Examples of foreign portfolio investments include stocks, bonds, mutual funds, exchange traded funds, American depositary receipts (ADRs), and global depositary receipts (GDRs).
Source: https://www.outlookindia.com/business/fpi-holdings-in-domestic-equities-down-2-to-654-billion-in-october-december-report-news-185021
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