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 with respect to ‘Asian Development Bank’
- ADB has more than 60 member countries
- China is the largest shareholder in ADB
- ADB does not have any members from outside Asia
Choose the correct answer using the code given below
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. Japan and the United States each hold the largest proportion of shares at 15.571%. China holds 6.429%, India holds 6.317%, and Australia holds 5.773% ADB has 68 members: 49 members from the Asian and Pacific Region, 19 members from Other Regions. Context – The Government of India and Asian Development Bank (ADB) today signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. Japan and the United States each hold the largest proportion of shares at 15.571%. China holds 6.429%, India holds 6.317%, and Australia holds 5.773% ADB has 68 members: 49 members from the Asian and Pacific Region, 19 members from Other Regions. Context – The Government of India and Asian Development Bank (ADB) today signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu
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Question 2 of 5
2. Question
With reference to ‘Green Methanol’, consider the following statements
- It is a high-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2)
- It can be used for storing renewable electricity and also as a substitute fuel for maritime fuel applications
Select the correct statement(s)
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Green methanol is methanol that is produced renewably and without polluting emissions, one of its variants being generated from green hydrogen. It is a low-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2). Green Methanol has a wide range of applications, including serving as a base material for the chemical industry, storing renewable electricity, and even as a transportation fuel. It is also considered as a substitute fuel for maritime fuel applications. Context – NTPC and Tecnimont sign MOU to explore possibility to develop Green Methanol Production
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Green methanol is methanol that is produced renewably and without polluting emissions, one of its variants being generated from green hydrogen. It is a low-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2). Green Methanol has a wide range of applications, including serving as a base material for the chemical industry, storing renewable electricity, and even as a transportation fuel. It is also considered as a substitute fuel for maritime fuel applications. Context – NTPC and Tecnimont sign MOU to explore possibility to develop Green Methanol Production
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Question 3 of 5
3. Question
‘Lachin Corridor’ recently seen in news connects
Correct
Solution(d)
The Lachin corridor is a mountain road that links Armenia and the enclave of Nagorno-Karabakh. Being the only road between these two territories, it is has been often described as a “lifeline” for the residents of Nagorno-Karabakh. The corridor is de jure in the Lachin District of Azerbaijan, but is under the control of a Russian peacekeeping force as provided for in the 2020 Nagorno-Karabakh armistice agreement.
Context – It was recently in news
Incorrect
Solution(d)
The Lachin corridor is a mountain road that links Armenia and the enclave of Nagorno-Karabakh. Being the only road between these two territories, it is has been often described as a “lifeline” for the residents of Nagorno-Karabakh. The corridor is de jure in the Lachin District of Azerbaijan, but is under the control of a Russian peacekeeping force as provided for in the 2020 Nagorno-Karabakh armistice agreement.
Context – It was recently in news
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Question 4 of 5
4. Question
Consider the following statements regarding ‘Rules of Origin’
- Rules of origin are the criteria needed to determine the national source of a product
- General Agreement on Tariffs and Trade (GATT) has specific rules governing the determination of the country of origin of goods in international commerce.
- Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 which govern rules of origin exempts countries with which India has signed Free Trade Agreements from its ambit
Choose the correct answer using the code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect Rules of origin are the criteria needed to determine the national source of a product. Their importance is derived from the fact that duties and restrictions in several cases depend upon the source of imports. GATT has no specific rules governing the determination of the country of origin of goods in international commerce. Each contracting party was free to determine its own origin rules, and could even maintain several different rules of origin depending on the purpose of the particular regulation. Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 implements the commitment to protect the domestic industry from misuse of Free Trade Agreements (FTAs) As per the revised rules, the country importing goods will have to present evidence of the country of origin. This will support the importer to correctly ascertain the country of origin, properly claim the concessional duty and assist customs authorities in ensuring smooth clearance of legitimate imports. Stricter rules have been laid down for timelines for initiating and expeditious conclusions of origin related verification Context – Customs notifies Rules of Origin for India-Australia trade pact
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect Rules of origin are the criteria needed to determine the national source of a product. Their importance is derived from the fact that duties and restrictions in several cases depend upon the source of imports. GATT has no specific rules governing the determination of the country of origin of goods in international commerce. Each contracting party was free to determine its own origin rules, and could even maintain several different rules of origin depending on the purpose of the particular regulation. Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 implements the commitment to protect the domestic industry from misuse of Free Trade Agreements (FTAs) As per the revised rules, the country importing goods will have to present evidence of the country of origin. This will support the importer to correctly ascertain the country of origin, properly claim the concessional duty and assist customs authorities in ensuring smooth clearance of legitimate imports. Stricter rules have been laid down for timelines for initiating and expeditious conclusions of origin related verification Context – Customs notifies Rules of Origin for India-Australia trade pact
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Pandit Madan Mohan Malviya’
- He espoused free and compulsory primary education and supported the nationalisation of railways
- He founded an English daily named ‘Leader’ following the enactment of Vernacular Press Act of 1878
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Malviya espoused free and compulsory primary education, opposed the system of indentured labour in the British Empire, and supported the nationalisation of railways. When the British government promulgated The Newspaper (Incitement to Offences) Act in 1908 and the Indian Press Act, 1910, Malaviya started a campaign against them and called for an All India Conference in Allahabad. He then realized the need of an English newspaper to make the campaign effective throughout the country. As a result, with the help of Motilal Nehru, he started an English daily the “Leader” in 1909, where he was Editor (1909–1911) and President (1911–1919) Context – The Prime Minister, Shri Narendra Modi has paid tributes to Pt. Madan Mohan Malviya on his Jayanti.
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Malviya espoused free and compulsory primary education, opposed the system of indentured labour in the British Empire, and supported the nationalisation of railways. When the British government promulgated The Newspaper (Incitement to Offences) Act in 1908 and the Indian Press Act, 1910, Malaviya started a campaign against them and called for an All India Conference in Allahabad. He then realized the need of an English newspaper to make the campaign effective throughout the country. As a result, with the help of Motilal Nehru, he started an English daily the “Leader” in 1909, where he was Editor (1909–1911) and President (1911–1919) Context – The Prime Minister, Shri Narendra Modi has paid tributes to Pt. Madan Mohan Malviya on his Jayanti.
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