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 ‘National Bank for Financial Infrastructure and Development (NaBFID)’
- RBI will regulate and supervise it as an All-India Financial Institution (AIFI) under Reserve Bank of India Act, 1934
- It has authorized share capital of ₹5 lakh crore
- They provide funds to projects from Medium to Long Gestation periods
Choose the correct answer using the code given below
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct RBI will regulate and supervise it as an All-India Financial Institution (AIFI) under Sections 45L and 45N of the Reserve Bank of India Act, 1934. It has authorized share capital of ₹1 lakh crore. They provide funds to projects from Medium to Long Gestation periods with greater risks in comparison to the acceptable limits of commercial banks and other financial institutions Context – NABFID is set to commence operations
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct RBI will regulate and supervise it as an All-India Financial Institution (AIFI) under Sections 45L and 45N of the Reserve Bank of India Act, 1934. It has authorized share capital of ₹1 lakh crore. They provide funds to projects from Medium to Long Gestation periods with greater risks in comparison to the acceptable limits of commercial banks and other financial institutions Context – NABFID is set to commence operations
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Question 2 of 5
2. Question
With reference to the latest IPCC’s sixth assessment report, consider the following statements
- There is a equatorial shift of species due to human induced climate change
- There is a very high extinction risk for endemic species in biodiversity hotspots
Select the correct statement(s)
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct There is a poleward shift of species: Approximately half of the species assessed globally have shifted poleward or, on land, also to higher elevations. There is a very high extinction risk for endemic species in biodiversity hotspots: Projected to at least double from 2% between 1.5°C and 2°C global warming levels and to increase at least tenfold if warming rises from 1.5°C to 3°C Context – The report was released recently.
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct There is a poleward shift of species: Approximately half of the species assessed globally have shifted poleward or, on land, also to higher elevations. There is a very high extinction risk for endemic species in biodiversity hotspots: Projected to at least double from 2% between 1.5°C and 2°C global warming levels and to increase at least tenfold if warming rises from 1.5°C to 3°C Context – The report was released recently.
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Question 3 of 5
3. Question
Consider the following statements regarding ‘Golden Langur’
- They are distributed in the Western Ghats region surrounding the Nilgiris
- It is listed in Appendix I of CITES and Schedule II of the Indian Wildlife (Protection) Act, 1972
Select the INCORRECT statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Gee’s golden langur is found in an area of approximately 30,000 square kilometres (12,000 sq mi), much of which is unsuitable habitat bounded on the south by the Brahmaputra River, on the east by the Manas River, on the west by the Sankosh River, in Assam, India, and on the north by the Black Mountains of Bhutan It is listed in Appendix I of CITES, as ‘endangered’ on the IUCN Red List of Threatened Species, and Schedule I of the Indian Wildlife (Protection) Act, 1972 Context – The species was in news.
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Gee’s golden langur is found in an area of approximately 30,000 square kilometres (12,000 sq mi), much of which is unsuitable habitat bounded on the south by the Brahmaputra River, on the east by the Manas River, on the west by the Sankosh River, in Assam, India, and on the north by the Black Mountains of Bhutan It is listed in Appendix I of CITES, as ‘endangered’ on the IUCN Red List of Threatened Species, and Schedule I of the Indian Wildlife (Protection) Act, 1972 Context – The species was in news.
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Question 4 of 5
4. Question
Consider the following statements regarding ‘Chandrayaan -2’
- It is a lunar mission to explore the south pole of Moon which was launched by Geosynchronous Satellite Launch Vehicle Mk-III
- It has made observations on the presence of Argon-40 on lunar atmosphere
- It also mapped Moon in infrared, visible, and X-ray light from lunar orbit and used reflected radiation to prospect various minerals for the first time
Choose the correct statement(s) using the code given below
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect It is an Indian lunar mission to explore the unchartered south pole of Moon by landing a rover. Its lander is ‘Vikram’ and rover is ‘Pragyan’. It was launched by Geosynchronous Satellite Launch Vehicle Mk-III in 2019. Chandra’s Atmospheric Composition Explorer-2 (CHACE-2), a mass spectrometer onboard Chandrayaan-2 mission, has made the first-of-its-kind observations of the global distribution of Argon-40 in the lunar exosphere. Chandrayaan-1 was the first lunar space probe of ISRO and found water on the Moon. It mapped Moon in infrared, visible, and X-ray light from lunar orbit and used reflected radiation to prospect for various elements, minerals, and ice Context – Chandrayaan 2 made observations on global distribution on Argon-40 on Moon.
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect It is an Indian lunar mission to explore the unchartered south pole of Moon by landing a rover. Its lander is ‘Vikram’ and rover is ‘Pragyan’. It was launched by Geosynchronous Satellite Launch Vehicle Mk-III in 2019. Chandra’s Atmospheric Composition Explorer-2 (CHACE-2), a mass spectrometer onboard Chandrayaan-2 mission, has made the first-of-its-kind observations of the global distribution of Argon-40 in the lunar exosphere. Chandrayaan-1 was the first lunar space probe of ISRO and found water on the Moon. It mapped Moon in infrared, visible, and X-ray light from lunar orbit and used reflected radiation to prospect for various elements, minerals, and ice Context – Chandrayaan 2 made observations on global distribution on Argon-40 on Moon.
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Question 5 of 5
5. Question
‘Export Preparedness Index 2021’ was released by
Correct
Solution(b)
Export Preparedness Index was prepared by NITI Aayog in partnership with Institute of Competitiveness, is a comprehensive analysis of India’s export achievements of states and union territories and identifies challenges and opportunities.
Context – It was released recently.
Incorrect
Solution(b)
Export Preparedness Index was prepared by NITI Aayog in partnership with Institute of Competitiveness, is a comprehensive analysis of India’s export achievements of states and union territories and identifies challenges and opportunities.
Context – It was released recently.
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