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 ‘Mahila Samman Saving Certificate’ Scheme’
- The scheme offers deposit facility up to Rs 2 lakh in the name of women or girls
- It offers tax benefits and complete withdrawal after a certain period is allowed in this scheme
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect The scheme offers deposit facility up to Rs 2 lakh in the name of women or girls for a tenor of 2 years. It will have a fixed interest rate of 7.5% for two years. There are no tax benefits, but partial withdrawal is allowed in this scheme. This is a one-time scheme announced in Budget 2023 and will remain available for a two-year period i.e. up to March 2025. Context – The Finance Minister has announced a new small savings scheme for women called Mahila Samman Saving Certificate(MSSC)
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect The scheme offers deposit facility up to Rs 2 lakh in the name of women or girls for a tenor of 2 years. It will have a fixed interest rate of 7.5% for two years. There are no tax benefits, but partial withdrawal is allowed in this scheme. This is a one-time scheme announced in Budget 2023 and will remain available for a two-year period i.e. up to March 2025. Context – The Finance Minister has announced a new small savings scheme for women called Mahila Samman Saving Certificate(MSSC)
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Question 2 of 5
2. Question
With reference to ‘Sickle cell anemia’, consider the following statements
- It is an inherited disorder that results in an abnormality in the oxygen-carrying protein haemoglobin found in red blood cells
- There is no cure for this disease but there are treatments that can help relieve symptoms and prolong life
Select the INCORRECT statement(s)
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Sickle cell disease (SCD) is a group of blood disorders typically inherited. The most common type is known as sickle cell anaemia. It results in an abnormality in the oxygen-carrying protein haemoglobin found in red blood cells. The only cure for this disease is bone marrow or stem cell transplantation. However, there are treatments that can help relieve symptoms, lessen complications, and prolong life. Context – A Mission to eliminate Sickle Cell Anaemia by 2047 will be launched to enable awareness, screening of 7 crore people (0-40 years age group) and counseling.
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Sickle cell disease (SCD) is a group of blood disorders typically inherited. The most common type is known as sickle cell anaemia. It results in an abnormality in the oxygen-carrying protein haemoglobin found in red blood cells. The only cure for this disease is bone marrow or stem cell transplantation. However, there are treatments that can help relieve symptoms, lessen complications, and prolong life. Context – A Mission to eliminate Sickle Cell Anaemia by 2047 will be launched to enable awareness, screening of 7 crore people (0-40 years age group) and counseling.
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Question 3 of 5
3. Question
Consider the following statements with respect to ‘Agricultural and Processed Food Products Export Development Authority’
- It is a statutory body functioning under the Ministry of Food Processing Industries
- It is headquarted in Delhi and has regional offices located in all the states for the promotion of exports
- APEDA has been entrusted with the responsibility of monitoring the import of sugar
Choose the correct answer using the code given below
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act. It functions under the Ministry of Commerce and industry. APEDA has marked its presence in almost all agro potential states of India and has been providing services to agri-export community through its head office, 15 Regional offices. It does not have regional offices in all the states. APEDA is mandated with the responsibility of export promotion and development of scheduled products like fruits, vegetables and their products, meat and meat products, poultry and poultry products. In addition to this, APEDA has been entrusted with the responsibility of monitoring the import of sugar as well. Context – APEDA organizes Virtual-Buyer Seller Meet to harness export opportunities in UAE for millets
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act. It functions under the Ministry of Commerce and industry. APEDA has marked its presence in almost all agro potential states of India and has been providing services to agri-export community through its head office, 15 Regional offices. It does not have regional offices in all the states. APEDA is mandated with the responsibility of export promotion and development of scheduled products like fruits, vegetables and their products, meat and meat products, poultry and poultry products. In addition to this, APEDA has been entrusted with the responsibility of monitoring the import of sugar as well. Context – APEDA organizes Virtual-Buyer Seller Meet to harness export opportunities in UAE for millets
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Question 4 of 5
4. Question
‘Reverse Flipping’ a term found in the Economic Survey is used in the context of
Correct
Solution(d)
Indian start-ups are exploring ‘reverse flipping’, or shifting their domicile back to India, with easy access to capital from private equity and venture capital, changes in rules regarding round-tripping, and the growing maturity of India’s capital markets, observed the Economic Survey 2022-23.
Context – The term was found in the survey
Incorrect
Solution(d)
Indian start-ups are exploring ‘reverse flipping’, or shifting their domicile back to India, with easy access to capital from private equity and venture capital, changes in rules regarding round-tripping, and the growing maturity of India’s capital markets, observed the Economic Survey 2022-23.
Context – The term was found in the survey
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Union Budget 2022-23’
- Goods and Services Tax forms the largest share of central revenue
- Securities against small savings has the highest share in financing deficits
- Effective Revenue Deficit as a percentage of GDP has consistently decreased over the last three years
Choose the correct answer using the code given below
Correct
Solution(c)
Context – Union Budget 2022-23 was announced recently.
Incorrect
Solution(c)
Context – Union Budget 2022-23 was announced recently.
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