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
- The criteria followed for specification of a community as a Scheduled Tribe are spelt out in the Constitution.
- The process to include tribes in the ST list begins with the recommendation from the respective State governments.
- The approval of the National Commission for Scheduled Tribes is required before the list is sent to the Union Cabinet for a final decision.
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct Criteria for inclusion in ST List · The criteria presently followed for specification of a community as a Scheduled Tribe are:
· indications of primitive traits; distinctive culture; geographical isolation; shyness of contact with the community at large; and backwardness.
· However, these criteria are not spelt out in the Constitution.
· The process to include tribes in the ST list begins with the recommendation from the respective State governments. · These recommendations are then sent to the Tribal Affairs Ministry, which reviews and sends them to the Registrar General of India for approval. · This is followed by the approval of the National Commission for Scheduled Tribes before the list is sent to the Cabinet for a final decision.
Context: The Union Cabinet chaired by Prime Minister approved the inclusion of tribes of five states in the Scheduled Tribes (ST) category.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct Criteria for inclusion in ST List · The criteria presently followed for specification of a community as a Scheduled Tribe are:
· indications of primitive traits; distinctive culture; geographical isolation; shyness of contact with the community at large; and backwardness.
· However, these criteria are not spelt out in the Constitution.
· The process to include tribes in the ST list begins with the recommendation from the respective State governments. · These recommendations are then sent to the Tribal Affairs Ministry, which reviews and sends them to the Registrar General of India for approval. · This is followed by the approval of the National Commission for Scheduled Tribes before the list is sent to the Cabinet for a final decision.
Context: The Union Cabinet chaired by Prime Minister approved the inclusion of tribes of five states in the Scheduled Tribes (ST) category.
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Question 2 of 5
2. Question
Consider the following statements about Board of Trade
- The Board of Trade (BOT) been reconstituted by merging Council for Trade Development and Promotion with Board of Trade in 2021.
- This Board advises the Government on policy measures connected with the Foreign Trade Policy.
- It provides a platform to state governments and UTs for articulating state-oriented perspectives on Trade Policy.
Choose the incorrect statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · The Board of Trade (BOT) been reconstituted by merging Council for Trade Development and Promotion with Board of Trade in 2019. · This Board advises the Government on policy measures connected with the Foreign Trade Policy in order to achieve the objectives of boosting India’s trade. · It provides a platform to state governments and UTs for articulating state-oriented perspectives on Trade Policy to boost manufacturing and exports. Context: Union Minister of Commerce and Industry Shri Piyush Goyal chaired the first meeting of the newly reconstituted Board of Trade.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · The Board of Trade (BOT) been reconstituted by merging Council for Trade Development and Promotion with Board of Trade in 2019. · This Board advises the Government on policy measures connected with the Foreign Trade Policy in order to achieve the objectives of boosting India’s trade. · It provides a platform to state governments and UTs for articulating state-oriented perspectives on Trade Policy to boost manufacturing and exports. Context: Union Minister of Commerce and Industry Shri Piyush Goyal chaired the first meeting of the newly reconstituted Board of Trade.
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Question 3 of 5
3. Question
Consider the following statements
- A Traffic Separation Scheme (TSS) area is an area in the sea where navigation of ships is highly regulated.
- They are complied with by all vessels out at sea as conformity to it is mandatory as per Rule 10 of the COLREGs Convention, 1972.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Traffic Separation Scheme (TSS) is a routeing measure aimed at the separation of opposing streams of traffic by appropriate means and by the establishment of traffic lanes. · A TSS area is an area in the sea where navigation of ships is highly regulated.
· Each TSS is designed to create lanes in the water with ships in a specific lane all travelling in (roughly) the same direction.
· TSSs are indicated on an admiralty chart in purple, one that has been touched upon even by those starting out their career at sea in all probability. · These are imaginary lines that don’t have actual representation through borders on location.
· But they are complied with by all vessels out at sea as conformity to it is mandatory as per Rule 10 of the Convention on the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs).
Context: The Mediterranean Shipping Company (MSC) – world’s largest container carrier – has taken the lead by re-routing its ships to keep away from colliding the blue whales.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Traffic Separation Scheme (TSS) is a routeing measure aimed at the separation of opposing streams of traffic by appropriate means and by the establishment of traffic lanes. · A TSS area is an area in the sea where navigation of ships is highly regulated.
· Each TSS is designed to create lanes in the water with ships in a specific lane all travelling in (roughly) the same direction.
· TSSs are indicated on an admiralty chart in purple, one that has been touched upon even by those starting out their career at sea in all probability. · These are imaginary lines that don’t have actual representation through borders on location.
· But they are complied with by all vessels out at sea as conformity to it is mandatory as per Rule 10 of the Convention on the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs).
Context: The Mediterranean Shipping Company (MSC) – world’s largest container carrier – has taken the lead by re-routing its ships to keep away from colliding the blue whales.
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Question 4 of 5
4. Question
Which among the following grant is/are provided by International Financial Services Centres Authority (FinTech Incentive) Scheme 2022?
- Proof of Concept (PoC) grant
- Accelerator Grant
- Sandbox grant
- Incubator grant
Choose the correct code:
Correct
Solution (d)
Option d Correct International Financial Services Centres Authority (FinTech Incentive) Scheme 2022 · The International Financial Services Centres Authority (IFSCA), with an overall objective to promote the establishment of a world-class FinTech Hub, at GIFT International Financial Services Centre (IFSC) in India.
· It launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech activities in the form of specific grant(s).
· FinTech Start-up grant- This grant shall be utilized for developing a product or a service and related ‘go-to market’ initiatives for a start-up with a novel FinTech idea or solution with a focus on converting the idea into an MVP.
· Proof of Concept (PoC) grant- This grant shall be utilized for the purpose of conducting a PoC by an early or mature FinTech Entity (FE) in domestic market or overseas.
· Sandbox grant- This grant shall be utilized by FEs to experiment with innovative products or services in a sandbox.
· Green FinTech Grant- This grant shall be utilized towards developing solutions facilitating sustainable finance and sustainability linked finance, including ‘Environmental, Social and Governance (ESG)’ investments.
· Accelerator Grant- This grant shall be utilized for supporting accelerators at the IFSC for capacity building, build capabilities around mentors, bringing investors, bringing more projects or PoC, tie ups, etc.
· Listing Support Grant – The grant shall be utilized for supporting Domestic FE aspiring to go for listing on stock exchanges recognised by the Authority.
Context: The International Financial Services Centres Authority (IFSCA), launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech activities in the form of specific grant(s).
Incorrect
Solution (d)
Option d Correct International Financial Services Centres Authority (FinTech Incentive) Scheme 2022 · The International Financial Services Centres Authority (IFSCA), with an overall objective to promote the establishment of a world-class FinTech Hub, at GIFT International Financial Services Centre (IFSC) in India.
· It launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech activities in the form of specific grant(s).
· FinTech Start-up grant- This grant shall be utilized for developing a product or a service and related ‘go-to market’ initiatives for a start-up with a novel FinTech idea or solution with a focus on converting the idea into an MVP.
· Proof of Concept (PoC) grant- This grant shall be utilized for the purpose of conducting a PoC by an early or mature FinTech Entity (FE) in domestic market or overseas.
· Sandbox grant- This grant shall be utilized by FEs to experiment with innovative products or services in a sandbox.
· Green FinTech Grant- This grant shall be utilized towards developing solutions facilitating sustainable finance and sustainability linked finance, including ‘Environmental, Social and Governance (ESG)’ investments.
· Accelerator Grant- This grant shall be utilized for supporting accelerators at the IFSC for capacity building, build capabilities around mentors, bringing investors, bringing more projects or PoC, tie ups, etc.
· Listing Support Grant – The grant shall be utilized for supporting Domestic FE aspiring to go for listing on stock exchanges recognised by the Authority.
Context: The International Financial Services Centres Authority (IFSCA), launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech activities in the form of specific grant(s).
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Question 5 of 5
5. Question
Lake Kuk, recently seen in news is located in?
Correct
Solution (a)
Option a Correct Cameroon Volcanic Line · A sudden change in the colour and smell of Lake Kuk, in north-west Cameroon, has caused panic among the locals. Fears are driven by an incident that happened 36 years ago at Lake Nyos.
· Both Lake Kuk and Nyos are crater lakes located in a region of volcanic activity known as the Cameroon Volcanic Line.
· The Cameroon volcanic line consists of a string of volcanoes that extend from the Atlantic Ocean into Republic of Cameroon.
· The volcanoes here cross the oceanic-continental boundary.
· Incidents – Around 36 years ago, Lake Nyos emitted lethal gases (mainly carbon dioxide) that was released from the Earth’s mantle.
· This carbon dioxide gas had been accumulating at the bottom of the lake for centuries.
· Two years earlier, Lake Monoum, about 100km south-west of Lake Nyos, killed 37 people.
· There are 45 crater lakes in the Cameroon volcanic line that could contain lethal amounts of gases.
Context: A sudden change in the colour and smell of Lake Kuk, in north-west Cameroon, has caused panic among the locals.
Incorrect
Solution (a)
Option a Correct Cameroon Volcanic Line · A sudden change in the colour and smell of Lake Kuk, in north-west Cameroon, has caused panic among the locals. Fears are driven by an incident that happened 36 years ago at Lake Nyos.
· Both Lake Kuk and Nyos are crater lakes located in a region of volcanic activity known as the Cameroon Volcanic Line.
· The Cameroon volcanic line consists of a string of volcanoes that extend from the Atlantic Ocean into Republic of Cameroon.
· The volcanoes here cross the oceanic-continental boundary.
· Incidents – Around 36 years ago, Lake Nyos emitted lethal gases (mainly carbon dioxide) that was released from the Earth’s mantle.
· This carbon dioxide gas had been accumulating at the bottom of the lake for centuries.
· Two years earlier, Lake Monoum, about 100km south-west of Lake Nyos, killed 37 people.
· There are 45 crater lakes in the Cameroon volcanic line that could contain lethal amounts of gases.
Context: A sudden change in the colour and smell of Lake Kuk, in north-west Cameroon, has caused panic among the locals.
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