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
Q.1) Consider the following statements with respect to ‘Financial Services Institution Bureau’
- The Financial Services Institutions Bureau will select the chiefs of public sector banks and insurance companies
- FSIB will be the single entity for making recommendations for appointments of WTD (Whole-time Director) and NEC (Non-executive Chairman) in Public Sector Banks
- The chairman of FSIB will be appointed by the Ministry of Finance
Choose the correct answer using the code given below
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect The Financial Services Institutions Bureau will select the chiefs of public sector banks and insurance companies. The FSIB will have the clear mandate to issue guidelines and select general managers and directors of state-run non-life insurers, general insurers and Financial Institutions. FSIB will be the single entity for making recommendations for appointments of WTD (Whole-time Director) and NEC (Non-executive Chairman) in Public Sector Banks, India Private Limited company and Financial Institutions. The FSIB will comprise a chairperson nominated by the central government; the secretaries of the departments of financial services and public enterprises; the chairman of the Insurance Regulatory and Development Authority of India; and a deputy governor of the Reserve Bank of India (RBI). Apart from them, there will be three members with knowledge of banks and other financial institutions, and three more with knowledge of insurance, according to the order. Context – The Cabinet Appointments Committee (ACC) has passed a government resolution to establish the Financial Services Institutions Bureau (FSIB) in place of the Banks Board Bureau (BBB).
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect The Financial Services Institutions Bureau will select the chiefs of public sector banks and insurance companies. The FSIB will have the clear mandate to issue guidelines and select general managers and directors of state-run non-life insurers, general insurers and Financial Institutions. FSIB will be the single entity for making recommendations for appointments of WTD (Whole-time Director) and NEC (Non-executive Chairman) in Public Sector Banks, India Private Limited company and Financial Institutions. The FSIB will comprise a chairperson nominated by the central government; the secretaries of the departments of financial services and public enterprises; the chairman of the Insurance Regulatory and Development Authority of India; and a deputy governor of the Reserve Bank of India (RBI). Apart from them, there will be three members with knowledge of banks and other financial institutions, and three more with knowledge of insurance, according to the order. Context – The Cabinet Appointments Committee (ACC) has passed a government resolution to establish the Financial Services Institutions Bureau (FSIB) in place of the Banks Board Bureau (BBB).
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Question 2 of 5
2. Question
With reference to ‘Autonomous Flying Wing Technology Demonstrator’, consider the following statements
- It refers to a tailless fixed-wing aircraft that houses its payload and fuel in its main wings
- The UCAV will be capable of launching missiles and precision-guided munitions
Select the correct statement(s)
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct UCAV refers to a tailless fixed-wing aircraft that houses its payload and fuel in its main wings and does not have a defined fuselage-like structure found in conventional aircraft. The design has the potential to deliver high fuel efficiency and stability if executed with precision. It refers to a tailless fixed-wing aircraft that houses its payload and fuel in its main wings and does not have a defined fuselage-like structure found in conventional aircraft. The design has the potential to deliver high fuel efficiency and stability if executed with precision. The UCAV will be capable of launching missiles and precision-guided munitions. Context – Defence Research and Development Organisation(DRDO) carried out the maiden test flight of a new unmanned Aerial Vehicle, an Autonomous Flying Wing Technology Demonstrator.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct UCAV refers to a tailless fixed-wing aircraft that houses its payload and fuel in its main wings and does not have a defined fuselage-like structure found in conventional aircraft. The design has the potential to deliver high fuel efficiency and stability if executed with precision. It refers to a tailless fixed-wing aircraft that houses its payload and fuel in its main wings and does not have a defined fuselage-like structure found in conventional aircraft. The design has the potential to deliver high fuel efficiency and stability if executed with precision. The UCAV will be capable of launching missiles and precision-guided munitions. Context – Defence Research and Development Organisation(DRDO) carried out the maiden test flight of a new unmanned Aerial Vehicle, an Autonomous Flying Wing Technology Demonstrator.
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Question 3 of 5
3. Question
India’s largest fully operational floating solar power plant is located in
Correct
Solution(d)
India’s largest floating solar plant is now fully operational at Ramagundam in Telangana’s Peddapalli district. The 100-megawatt (MW) floating solar power photovoltaic project was commissioned by the National Thermal Power Corporation, the country’s foremost public-sector power generator. As of July 1, following the commissioning of the plant, the total commercial operation of floating solar capacity in the southern region has risen to 217 MW, according to the NTPC. It is powered with advanced technology and environment-friendly features. The project spreads over 500 acres of its reservoir, with the presence of floating solar panels, the evaporation rate from water bodies is reduced, thus helping in water conservation.
Context – India’s largest floating solar power project was commissioned
Incorrect
Solution(d)
India’s largest floating solar plant is now fully operational at Ramagundam in Telangana’s Peddapalli district. The 100-megawatt (MW) floating solar power photovoltaic project was commissioned by the National Thermal Power Corporation, the country’s foremost public-sector power generator. As of July 1, following the commissioning of the plant, the total commercial operation of floating solar capacity in the southern region has risen to 217 MW, according to the NTPC. It is powered with advanced technology and environment-friendly features. The project spreads over 500 acres of its reservoir, with the presence of floating solar panels, the evaporation rate from water bodies is reduced, thus helping in water conservation.
Context – India’s largest floating solar power project was commissioned
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Question 4 of 5
4. Question
Consider the following statements regarding ‘Konark Sun Temple’
- The temple is attributed to king Narasimhadeva II of the Western Ganga dynasty built in the 13th century
- It is the only sun temple in India to be declared as a UNESCO world heritage site
- It is also popularly called as Black Pagoda
Choose the correct answer using the options given below
Correct
Solution (b)
Statement analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct The temple is attributed to king Narasimhadeva I of the Eastern Ganga dynasty. The 13th Century temple is dedicated to Hindu Sun God Surya.
Out of the total 40 Indian sites listed in UNESCO’s world heritage sites, Sun temple in Konark is the only sun temple to be listed. This temple was called the “Black Pagoda” in European sailor accounts as early as 1676 because it looked like a great tiered tower which appeared black. Context: Works of a pilot project to restore the Sun temple‘s carvings are on the verge of completion.
Incorrect
Solution (b)
Statement analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct The temple is attributed to king Narasimhadeva I of the Eastern Ganga dynasty. The 13th Century temple is dedicated to Hindu Sun God Surya.
Out of the total 40 Indian sites listed in UNESCO’s world heritage sites, Sun temple in Konark is the only sun temple to be listed. This temple was called the “Black Pagoda” in European sailor accounts as early as 1676 because it looked like a great tiered tower which appeared black. Context: Works of a pilot project to restore the Sun temple‘s carvings are on the verge of completion.
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Question 5 of 5
5. Question
Consider the following statements about ‘National Investigation Agency (NIA)’
- NIA is a non-statutory body which functions under the supervision of Home ministry
- NIA similar to CBI should take states’ consent before initiating an investigation within a state
Select the correct statement(s)
Correct
Solution (d)
Statement analysis:
Statement 1 Statement 2 Incorrect Incorrect NIA is a statutory body which came into existence with the enactment of the National Investigation Agency Act 2008 by the Parliament of India, which was passed after the 26/11 terror attack in Mumbai. The National Investigation Agency (NIA) is the primary counter-terrorist task force in India. The agency is empowered to deal with the investigation of terror-related crimes across states without special permission from the states under a written proclamation from the Ministry of Home Affairs. Context: NIA was in news due to several high profile cases being assigned to the agency
Incorrect
Solution (d)
Statement analysis:
Statement 1 Statement 2 Incorrect Incorrect NIA is a statutory body which came into existence with the enactment of the National Investigation Agency Act 2008 by the Parliament of India, which was passed after the 26/11 terror attack in Mumbai. The National Investigation Agency (NIA) is the primary counter-terrorist task force in India. The agency is empowered to deal with the investigation of terror-related crimes across states without special permission from the states under a written proclamation from the Ministry of Home Affairs. Context: NIA was in news due to several high profile cases being assigned to the agency
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