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 ‘New Energy Outlook report’
- Emissions in Europe, US, Australia and Japan will continue to rise and will only begin to decline after a decade according to the report
- The report is International Energy Agency’s long-term scenario analysis on the future of the energy economy covering electricity, industry, buildings and transport
Select the correct statement(s)
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect Emissions in Europe, the United States, Australia and Japan have already peaked this year and will decline rapidly after that, according to their projections. Greenhouse gas emissions from developing economies, particularly India, will continue to rise until the end of the present decade and will only begin to decline by the early 2030s, according to the 2022 New Energy Outlook report. The New Energy Outlook (NEO) is BloombergNEF’s long-term scenario analysis on the future of the energy economy covering electricity, industry, buildings and transport and the key drivers shaping these sectors until 2050. Context – The report was in news
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect Emissions in Europe, the United States, Australia and Japan have already peaked this year and will decline rapidly after that, according to their projections. Greenhouse gas emissions from developing economies, particularly India, will continue to rise until the end of the present decade and will only begin to decline by the early 2030s, according to the 2022 New Energy Outlook report. The New Energy Outlook (NEO) is BloombergNEF’s long-term scenario analysis on the future of the energy economy covering electricity, industry, buildings and transport and the key drivers shaping these sectors until 2050. Context – The report was in news
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Question 2 of 5
2. Question
Consider the following statements with respect to ‘Coastal red sand dunes’
- They usually occur in equatorial regions or temperate regions due to many scientific reasons
- The red sediments are a part of the continuation of the evolution of the earth and represent the late quaternary geologic age
Select the correct statement(s)
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Such sand deposits are rare and have been reported only from three places in the tropical regions in south Asia such as Teri Sands in Tamil Nadu, Erra Matti Dibbalu in Visakhapatnam and one more site in Sri Lanka. They do not occur in equatorial regions or temperate regions due to many scientific reasons. The red sediments are a part of the continuation of the evolution of the earth and represent the late quaternary geologic age. The Quaternary Period is a period on the Geologic Time Scale that’s known mainly for the spread of humanity and climate change. This period runs from about 2.6 million years ago to the Present Day. Context – Geologists have suggested to protect the site of Coastal Red Sand Dunes, of Visakhapatnam, Andhra Pradesh
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Such sand deposits are rare and have been reported only from three places in the tropical regions in south Asia such as Teri Sands in Tamil Nadu, Erra Matti Dibbalu in Visakhapatnam and one more site in Sri Lanka. They do not occur in equatorial regions or temperate regions due to many scientific reasons. The red sediments are a part of the continuation of the evolution of the earth and represent the late quaternary geologic age. The Quaternary Period is a period on the Geologic Time Scale that’s known mainly for the spread of humanity and climate change. This period runs from about 2.6 million years ago to the Present Day. Context – Geologists have suggested to protect the site of Coastal Red Sand Dunes, of Visakhapatnam, Andhra Pradesh
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Question 3 of 5
3. Question
‘Kanger Valley National Park’ seen in news recently is located in
Correct
Solution(a)
Kanger Ghati National Park (also called Kanger Valley National Park) was declared a national park in 1982 by the Government of India. Near Jagdalpur in the Bastar region of Chhattisgarh, it is one of India’s densest national parks, and is known for its biodiversity, landscape, waterfalls, and subterranean geomorphologic limestone caves, and as the home of the Bastar hill myna, the state bird of Chhattisgarh.
Context – Bird watchers and forest department officials counted 200 types of birds in Chhattisgarh’s first-ever inter-state bird survey conducted in the Kanger Valley National Park
Incorrect
Solution(a)
Kanger Ghati National Park (also called Kanger Valley National Park) was declared a national park in 1982 by the Government of India. Near Jagdalpur in the Bastar region of Chhattisgarh, it is one of India’s densest national parks, and is known for its biodiversity, landscape, waterfalls, and subterranean geomorphologic limestone caves, and as the home of the Bastar hill myna, the state bird of Chhattisgarh.
Context – Bird watchers and forest department officials counted 200 types of birds in Chhattisgarh’s first-ever inter-state bird survey conducted in the Kanger Valley National Park
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Question 4 of 5
4. Question
Consider the following statements with respect to ‘Urban Co-operative Banks’
- The term Urban Co-operative Banks (UCBs) formally defined as primary cooperative banks located in urban and semi-urban areas lends money only for non-agricultural purposes
- Reserve Bank of India has classified UCB’s into a four-tiered regulatory framework based on size of deposits of the UCBs
- All the other regulatory parameters except minimum capital to adequacy ratio applies to UCB’s
Choose the correct answer using the code given below
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The term Urban Co-operative Banks (UCBs), though not formally defined, refers to primary cooperative banks located in urban and semi-urban areas. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. This distinction does not hold today. Reserve Bank of India has classified UCB’s into a four-tiered regulatory framework based on size of deposits of the UCBs. The RBI has categorised all unit UCBs and salary earners’ UCBs (irrespective of deposit size), and all other UCBs having deposits up to ₹100 crore in Tier 1. In Tier 2, it has placed UCBs with deposits more than ₹100 crore and up to ₹1,000 crore. Tier 3 will cover banks with deposits more than ₹1,000 crore and up to ₹10,000 crore. UCBs with deposits more than ₹10,000 crore have been categorised in Tier 4. RBI also has come out with norms pertaining to the net worth and capital adequacy of these banks. Tier 1 UCBs operating in a single district should have minimum net worth of ₹2 crore. For all other UCBs (in Tier 1, 2 and 3) tiers), the minimum net worth should be ₹5 crore. Tier 1 UCBs have to maintain a minimum capital to risk weighted assets ratio of 9 per cent of Risk Weighted Assets (RWAs) on an ongoing basis. Tier 2 to 4 UCBs have to maintain a minimum capital to risk weighted assets of 12 per cent of RWAs on an ongoing basis. Context – The Reserve Bank of India (RBI) recently announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs).
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect The term Urban Co-operative Banks (UCBs), though not formally defined, refers to primary cooperative banks located in urban and semi-urban areas. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. This distinction does not hold today. Reserve Bank of India has classified UCB’s into a four-tiered regulatory framework based on size of deposits of the UCBs. The RBI has categorised all unit UCBs and salary earners’ UCBs (irrespective of deposit size), and all other UCBs having deposits up to ₹100 crore in Tier 1. In Tier 2, it has placed UCBs with deposits more than ₹100 crore and up to ₹1,000 crore. Tier 3 will cover banks with deposits more than ₹1,000 crore and up to ₹10,000 crore. UCBs with deposits more than ₹10,000 crore have been categorised in Tier 4. RBI also has come out with norms pertaining to the net worth and capital adequacy of these banks. Tier 1 UCBs operating in a single district should have minimum net worth of ₹2 crore. For all other UCBs (in Tier 1, 2 and 3) tiers), the minimum net worth should be ₹5 crore. Tier 1 UCBs have to maintain a minimum capital to risk weighted assets ratio of 9 per cent of Risk Weighted Assets (RWAs) on an ongoing basis. Tier 2 to 4 UCBs have to maintain a minimum capital to risk weighted assets of 12 per cent of RWAs on an ongoing basis. Context – The Reserve Bank of India (RBI) recently announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs).
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Directorate of Revenue Intelligence’
- It is the premier intelligence and enforcement agency on anti-smuggling matters under the aegis of Central Board of Indirect taxes & Customs (CBIC)
- The organization is not empowered to take punitive action against the organised crime groups
- It can refer cases registered under the Customs Act to the Income Tax Department for action under the Income Tax Act
Choose the correct answer using the code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The Directorate of Revenue Intelligence functions under the Central Board of Indirect Taxes and Customs in the Ministry of Finance, Department of Revenue, Government Of India. DRI is the premier intelligence and enforcement agency on anti-smuggling matters DRI with its presence across India and abroad has been carrying out its mandate of preventing and detecting cases of smuggling of narcotic drugs & psychotropic substances, gold, diamonds, precious metals, wildlife items, cigarettes, arms, ammunitions & explosives, counterfeit currency notes, foreign currency, SCOMET items, hazardous & environmentally sensitive materials, antiques etc. and taking punitive action against the organised crime groups engaged therein. DRI is also engaged in unearthing commercial frauds and customs duty evasion. The agency can refer cases registered under the Customs Act to the Income Tax Department for action under the Income Tax Act according to the charter of DRI Context – The Directorate of Revenue Intelligence (DRI) is celebrating its 65th Founding Day on 5th-6th December, 2022 this year.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The Directorate of Revenue Intelligence functions under the Central Board of Indirect Taxes and Customs in the Ministry of Finance, Department of Revenue, Government Of India. DRI is the premier intelligence and enforcement agency on anti-smuggling matters DRI with its presence across India and abroad has been carrying out its mandate of preventing and detecting cases of smuggling of narcotic drugs & psychotropic substances, gold, diamonds, precious metals, wildlife items, cigarettes, arms, ammunitions & explosives, counterfeit currency notes, foreign currency, SCOMET items, hazardous & environmentally sensitive materials, antiques etc. and taking punitive action against the organised crime groups engaged therein. DRI is also engaged in unearthing commercial frauds and customs duty evasion. The agency can refer cases registered under the Customs Act to the Income Tax Department for action under the Income Tax Act according to the charter of DRI Context – The Directorate of Revenue Intelligence (DRI) is celebrating its 65th Founding Day on 5th-6th December, 2022 this year.
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