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 about ‘Primary Agricultural Credit Societies’
- PACS are village level cooperative credit societies that are involved in short term lending
- PACS come within the purview of the Banking Regulation Act, 1949 and hence regulated by the Reserve Bank of India
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. PACS are involved in short term lending — or what is known as crop loan. At the start of the cropping cycle, farmers avail credit to finance their requirement of seeds, fertilisers etc. The rural co-operative credit system in India is primarily mandated to ensure flow of credit to the agriculture sector. It comprises short-term and long-term co-operative credit structures. The short-term co-operative credit structure operates with a three-tier system – Primary Agricultural Credit Societies (PACS) at the village level, Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level. PACS are outside the purview of the Banking Regulation Act, 1949 and hence not regulated by the Reserve Bank of India. Context – Union Budget announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. PACS are involved in short term lending — or what is known as crop loan. At the start of the cropping cycle, farmers avail credit to finance their requirement of seeds, fertilisers etc. The rural co-operative credit system in India is primarily mandated to ensure flow of credit to the agriculture sector. It comprises short-term and long-term co-operative credit structures. The short-term co-operative credit structure operates with a three-tier system – Primary Agricultural Credit Societies (PACS) at the village level, Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level. PACS are outside the purview of the Banking Regulation Act, 1949 and hence not regulated by the Reserve Bank of India. Context – Union Budget announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies
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Question 2 of 5
2. Question
Consider the following statements with respect to ‘National Industrial Corridor Development and Implementation Trust (NICDIT)’
- It comes under the administrative control of Department of Industrial Policy & Promotion (DIPP) for coordinated and unified development of industrial corridors
- Government of India (GoI)’s contribution to NICDIT will be used as a revolving corpus
- It is the implementing agency of the National Industrial Corridor Programme and also supports project development activities, appraisal and sanction of projects
Choose the INCORRECT statement(s) using the code given below
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Correct NICDIT is an apex body under the administrative control of Department of Industrial Policy & Promotion (DIPP) for coordinated and unified development of all the five industrial corridors in the country. Investments into the SPVs by Government of India will be routed through NICDIT so that all debt service payments by SPVs and proceeds from equity disinvestment from SPVs including SPVs developed by Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) by utilizing grants given by GoI can be ploughed back into the corpus enabling NICDIT to support the development of more industrial cities in future. The NICDIT is the implementing agency of the National Industrial Corridor Programme. NICDIT will support project development activities and appraisal, approval and sanction of projects as per extant delegation. Context – Eight projects under National Industrial Corridor Development and Implementation Trust (NICDIT) sanctioned and approved by Government
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Correct NICDIT is an apex body under the administrative control of Department of Industrial Policy & Promotion (DIPP) for coordinated and unified development of all the five industrial corridors in the country. Investments into the SPVs by Government of India will be routed through NICDIT so that all debt service payments by SPVs and proceeds from equity disinvestment from SPVs including SPVs developed by Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) by utilizing grants given by GoI can be ploughed back into the corpus enabling NICDIT to support the development of more industrial cities in future. The NICDIT is the implementing agency of the National Industrial Corridor Programme. NICDIT will support project development activities and appraisal, approval and sanction of projects as per extant delegation. Context – Eight projects under National Industrial Corridor Development and Implementation Trust (NICDIT) sanctioned and approved by Government
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Question 3 of 5
3. Question
With reference to ‘Quasicrystals’, consider the following statements
- The atoms in quasicrystals are arranged in a pattern that repeats itself at irregular yet predictable intervals
- Quasicrystals are manufactured artificially in laboratory settings and is not found in nature
- They are good insulators and are used in surgical instruments, LED lights and nonstick frying pans
Choose the correct answer using the code given below
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Quasicrystal, also called quasi-periodic crystal, matter formed atomically in a manner somewhere between the amorphous solids of glasses and the precise pattern of crystals. In quasicrystals, the atoms are arranged in a pattern that repeats itself at irregular, yet predictable, intervals. The American-Israeli scientist Dan Shechtman discovered quasicrystals in the lab in 1982. The first natural quasicrystal found was as microscopic grains in a fragment of the Khatyrka meteorite lying in the Koryak mountains of Russia. The second time scientists found natural quasicrystals in the remains of the Trinity test of the Manhattan Project. Recently in the Sand Hills dunes in northern Nebraska, where scientists found silicate glass which is a dodecagonal quasicrystal, rare even for quasicrystals. Quasicrystals are used in surgical instruments, LED lights and nonstick frying pans. They have poor heat conductivity, which makes them good insulators. Context – Scientists have discovered a third natural source of quasicrystals, extending the latter’s reputation for violent origins.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Quasicrystal, also called quasi-periodic crystal, matter formed atomically in a manner somewhere between the amorphous solids of glasses and the precise pattern of crystals. In quasicrystals, the atoms are arranged in a pattern that repeats itself at irregular, yet predictable, intervals. The American-Israeli scientist Dan Shechtman discovered quasicrystals in the lab in 1982. The first natural quasicrystal found was as microscopic grains in a fragment of the Khatyrka meteorite lying in the Koryak mountains of Russia. The second time scientists found natural quasicrystals in the remains of the Trinity test of the Manhattan Project. Recently in the Sand Hills dunes in northern Nebraska, where scientists found silicate glass which is a dodecagonal quasicrystal, rare even for quasicrystals. Quasicrystals are used in surgical instruments, LED lights and nonstick frying pans. They have poor heat conductivity, which makes them good insulators. Context – Scientists have discovered a third natural source of quasicrystals, extending the latter’s reputation for violent origins.
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Question 4 of 5
4. Question
With reference to ‘Quick Reaction Surface to Air Missile (QRSAM)’, consider the following statements
- QRSAM is a Short Range Surface to Air Missile system designed and developed by the Defence Research and Development Organisation (DRDO)
- The entire weapon system is configured on highly mobile platforms and can engage twenty targets simultaneously
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect QRSAM is a Short Range Surface to Air Missile system designed to protect moving armoured columns from aerial attacks. It was designed and developed by the Defence Research and Development Organisation (DRDO). The entire weapon system is configured on highly mobile platforms and is capable of providing air defence on the move. It has a range of 30 km and can engage 6 targets simultaneously. Context – The indigenous Quick Reaction Surface to Air Missile (QRSAM) being developed by the Defence Research and Development Organisation (DRDO) is set to be tested again in April with some changes suggested by the Army
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect QRSAM is a Short Range Surface to Air Missile system designed to protect moving armoured columns from aerial attacks. It was designed and developed by the Defence Research and Development Organisation (DRDO). The entire weapon system is configured on highly mobile platforms and is capable of providing air defence on the move. It has a range of 30 km and can engage 6 targets simultaneously. Context – The indigenous Quick Reaction Surface to Air Missile (QRSAM) being developed by the Defence Research and Development Organisation (DRDO) is set to be tested again in April with some changes suggested by the Army
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Question 5 of 5
5. Question
‘Environment and Climate Sustainability Working Group (ECSWG)’ seen in news recently works under
Correct
Solution(b)
The deliberations of the Environment and Climate Sustainability Working Group (ECSWG) under the G20 Sherpa Track commenced with the first meeting. ECSWG aims to collectively define a new development paradigm that supports stable and sustainable climate, environment, and biodiversity
Context – Deliberations of the First Environment and Climate Sustainability Working Group (ECSWG) commenced in Bengaluru with the Side Event on Ecosystem Restoration, and Biodiversity Enhancement
Incorrect
Solution(b)
The deliberations of the Environment and Climate Sustainability Working Group (ECSWG) under the G20 Sherpa Track commenced with the first meeting. ECSWG aims to collectively define a new development paradigm that supports stable and sustainable climate, environment, and biodiversity
Context – Deliberations of the First Environment and Climate Sustainability Working Group (ECSWG) commenced in Bengaluru with the Side Event on Ecosystem Restoration, and Biodiversity Enhancement
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