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 ‘International Organization of Securities Commissions (IOSCO)’
- It is the international body that brings together the world’s securities regulators and is recognized as the global standard-setter for the securities sector.
- Securities and Exchange Board of India is an associate member of this organization
- It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda
Choose the correct answer using the code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation. There are three categories of members: ordinary, associate and affiliate. In general, the ordinary members (131) are the national securities commissions or similar governmental bodies with significant authority over securities or derivatives markets in their respective jurisdictions. Associate members (34) are usually supranational governmental regulators, subnational governmental regulators, intergovernmental international organizations and other international standard-setting bodies, as well as other governmental bodies with an appropriate interest in securities regulation. Securities and Exchange Board of India is an ordinary member of this organization. Recently, the International Financial Services Centres Authority (IFSCA) has become an associate member of this organisation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda. Context – Sebi proposed regulatory framework for index providers
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation. There are three categories of members: ordinary, associate and affiliate. In general, the ordinary members (131) are the national securities commissions or similar governmental bodies with significant authority over securities or derivatives markets in their respective jurisdictions. Associate members (34) are usually supranational governmental regulators, subnational governmental regulators, intergovernmental international organizations and other international standard-setting bodies, as well as other governmental bodies with an appropriate interest in securities regulation. Securities and Exchange Board of India is an ordinary member of this organization. Recently, the International Financial Services Centres Authority (IFSCA) has become an associate member of this organisation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda. Context – Sebi proposed regulatory framework for index providers
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Question 2 of 5
2. Question
With reference to ‘Coking Coal’, consider the following statements
- It is low in impurities and has a high carbon content which makes it ideal for use in the metallurgical process
- India is completely reliant on imports for coking coal as domestic production does not meet the quality parameters
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Coking coal is a high-quality coal that is low in impurities and has a high carbon content, which makes it ideal for use in the metallurgical process. Coking coal is used to produce coke, which is a porous, solid carbon material that is used as a fuel and a reducing agent in the production of iron and steel. India has produced 51.7 million tonnes (MT) of raw coking coal during the Financial Year 2021-22, which is 15% more as compared to 44.8 MT during FY21. According to the latest coal ministry data, the domestic raw coking coal production continues to witness an increasing trend in the current fiscal as well with production of 8.3 MT up to May 2022. It is 20% more compared to 6.9 MT during the same period of the previous year Context – Coal Ministry Identified four more blocks to enhance Coking Coal production
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Coking coal is a high-quality coal that is low in impurities and has a high carbon content, which makes it ideal for use in the metallurgical process. Coking coal is used to produce coke, which is a porous, solid carbon material that is used as a fuel and a reducing agent in the production of iron and steel. India has produced 51.7 million tonnes (MT) of raw coking coal during the Financial Year 2021-22, which is 15% more as compared to 44.8 MT during FY21. According to the latest coal ministry data, the domestic raw coking coal production continues to witness an increasing trend in the current fiscal as well with production of 8.3 MT up to May 2022. It is 20% more compared to 6.9 MT during the same period of the previous year Context – Coal Ministry Identified four more blocks to enhance Coking Coal production
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Question 3 of 5
3. Question
‘City Finance Rankings’ seen in news recently was launched by
Correct
Solution(b)
The Ministry of Housing & Urban Affairs launched City Finance Rankings, 2022 to evaluate, recognize and reward India’s Urban Local Bodies. City Finance Rankings are an effort to analyse and help the ULBs in identifying areas in their financial performance where they can make further improvements, to be able to deliver quality infrastructure and services to its citizens. The rankings will serve as a constant motivation for city/state officials to continue to implement municipal finance reforms.
Context – It was launched recently.
Incorrect
Solution(b)
The Ministry of Housing & Urban Affairs launched City Finance Rankings, 2022 to evaluate, recognize and reward India’s Urban Local Bodies. City Finance Rankings are an effort to analyse and help the ULBs in identifying areas in their financial performance where they can make further improvements, to be able to deliver quality infrastructure and services to its citizens. The rankings will serve as a constant motivation for city/state officials to continue to implement municipal finance reforms.
Context – It was launched recently.
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Question 4 of 5
4. Question
Consider the following statements with respect to ‘Delimitation Commission’
- It is an independent Constitutional body whose orders cannot be challenged in any court of law.
- It is a three member body consisting of a retired Supreme Court judge, Chief Election Commissioner and the respective State Election Commissioner
- The orders of the Commission are laid before the Lok Sabha and the respective State Legislative Assemblies and modifications are not permitted
Choose the correct answer using the code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct The Delimitation commission or Boundary commission of India is a commission established by the Government of India under the provisions of the Delimitation Commission Act. Under Article 82, Parliament is to enact a Delimitation Act after every Census. Once the Act is in force, the Union government sets up the Delimitation Commission. It is a three member body consisting of a retired Supreme Court judge, Chief Election Commissioner and the respective State Election Commissioner The Commission is a powerful and independent body whose orders cannot be challenged in any court of law. The orders are laid before the Lok Sabha and the respective State Legislative Assemblies. However, modifications are not permitted. Context – The Election Commission of India has begun the process of delimitation of Assembly and Parliamentary constituencies in Assam.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct The Delimitation commission or Boundary commission of India is a commission established by the Government of India under the provisions of the Delimitation Commission Act. Under Article 82, Parliament is to enact a Delimitation Act after every Census. Once the Act is in force, the Union government sets up the Delimitation Commission. It is a three member body consisting of a retired Supreme Court judge, Chief Election Commissioner and the respective State Election Commissioner The Commission is a powerful and independent body whose orders cannot be challenged in any court of law. The orders are laid before the Lok Sabha and the respective State Legislative Assemblies. However, modifications are not permitted. Context – The Election Commission of India has begun the process of delimitation of Assembly and Parliamentary constituencies in Assam.
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Ramappa Temple’
- It is a Kakatiya style Hindu temple dedicated to the god Shiva built of red sandstone
- It is a world heritage site which is also the only temple to be named after its architect
Select the INCORRECT statement(s)
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Correct Correct Ramappa Temple, also known as the Rudreshwara temple, is a Kakatiya style Hindu temple dedicated to the god Shiva, located in Telangana, India. The main structure is in a reddish sandstone, but the columns round the outside have large brackets of black basalt which is rich in iron, magnesium and silica. On 25 July 2021, the temple was inscribed as a UNESCO World Heritage Site as “Kakatiya Rudreshwara (Ramappa) Temple, Telangana”. The temple is named after the sculptor Ramappa, who built it, making it the only temple in India to be named after its craftsman Context – President of India laid the Foundation Stone for the Development of Pilgrimage Infrastructure at Ramappa Temple.
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Correct Correct Ramappa Temple, also known as the Rudreshwara temple, is a Kakatiya style Hindu temple dedicated to the god Shiva, located in Telangana, India. The main structure is in a reddish sandstone, but the columns round the outside have large brackets of black basalt which is rich in iron, magnesium and silica. On 25 July 2021, the temple was inscribed as a UNESCO World Heritage Site as “Kakatiya Rudreshwara (Ramappa) Temple, Telangana”. The temple is named after the sculptor Ramappa, who built it, making it the only temple in India to be named after its craftsman Context – President of India laid the Foundation Stone for the Development of Pilgrimage Infrastructure at Ramappa Temple.
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