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
‘Framework Mechanism for Mutual Recognition of Qualifications’ was signed by India with which of the following countries
Correct
Solution (b)
India and Australia signed a Framework Mechanism for Mutual Recognition of Qualifications that will help ease the mobility of students and professionals between the two countries. This agreement is part of the commitment by Prime Ministers of both countries at the 2nd India-Australia Virtual Summit held on 21st March 2022, wherein they had agreed to establish a Joint Taskforce for mutual recognition of qualifications. A Task Force was accordingly set up consisting of senior officials of education and skill ministries and regulators on both sides.
Context – India and Australia signed a Framework Mechanism for Mutual Recognition of Qualifications
Incorrect
Solution (b)
India and Australia signed a Framework Mechanism for Mutual Recognition of Qualifications that will help ease the mobility of students and professionals between the two countries. This agreement is part of the commitment by Prime Ministers of both countries at the 2nd India-Australia Virtual Summit held on 21st March 2022, wherein they had agreed to establish a Joint Taskforce for mutual recognition of qualifications. A Task Force was accordingly set up consisting of senior officials of education and skill ministries and regulators on both sides.
Context – India and Australia signed a Framework Mechanism for Mutual Recognition of Qualifications
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Question 2 of 5
2. Question
Consider the following statements
- A DNA vaccine puts a specific DNA sequence that codes for an antigen into an organism using plasmid vectors
- DNA vaccines enter the cell nucleus and integrate with the host genome unlike RNA vaccines
Select the correct statement(s)
Correct
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect A DNA vaccine is a vaccine that puts a specific DNA sequence that codes for an antigen into an organism’s cells to trigger an immune response. The basic working principle behind DNA vaccine involves the use of a DNA plasmid that encodes for a protein that originated from the pathogen in which the vaccine will be targeted. DNA vaccine will avoid extracellular degradation and successfully enter the nucleus of target cells to induce a long-term immune response. DNA Vaccines might integrate with the natural genome of the host unlike RNA vaccines which do not enter the cell nucleus and integrate with the host genome. Context – India’s first and only DNA vaccine candidate for dengue has shown promising results.
Incorrect
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect A DNA vaccine is a vaccine that puts a specific DNA sequence that codes for an antigen into an organism’s cells to trigger an immune response. The basic working principle behind DNA vaccine involves the use of a DNA plasmid that encodes for a protein that originated from the pathogen in which the vaccine will be targeted. DNA vaccine will avoid extracellular degradation and successfully enter the nucleus of target cells to induce a long-term immune response. DNA Vaccines might integrate with the natural genome of the host unlike RNA vaccines which do not enter the cell nucleus and integrate with the host genome. Context – India’s first and only DNA vaccine candidate for dengue has shown promising results.
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Question 3 of 5
3. Question
With reference to ‘SWAYATT initiative’, consider the following statements
- The initiative facilitates training and registrations of women and youth manufacturers and encourages participation of the MSME sector in public procurement
- The initiative is a joint effort between Ministry of Skill Development and Entrepreneurship and Ministry of Women and Child Development
Select the correct statement(s)
Correct
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect It is an initiative to promote Start-ups, Women, and Youth advantage through e-transactions on Government e-Marketplace (GeM). It facilitates training and registrations of women and youth manufacturers and sellers and encourages participation of the MSME sector and startups in public procurement. It was launched in February 2019 by the Union Ministry of Commerce & Industry. The intent was to promote the inclusiveness of various categories of sellers and service providers on the portal. Context – Government e-Marketplace (GeM) commemorated the success of “SWAYATT”
Incorrect
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect It is an initiative to promote Start-ups, Women, and Youth advantage through e-transactions on Government e-Marketplace (GeM). It facilitates training and registrations of women and youth manufacturers and sellers and encourages participation of the MSME sector and startups in public procurement. It was launched in February 2019 by the Union Ministry of Commerce & Industry. The intent was to promote the inclusiveness of various categories of sellers and service providers on the portal. Context – Government e-Marketplace (GeM) commemorated the success of “SWAYATT”
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Question 4 of 5
4. Question
With reference to ‘Competition Commission of India’, consider the following statements
- It is a statutory body under the Ministry of Commerce and Industry which aims to promote competition and prevent activities that have an adverse effect on competition in India
- The Commission consists of a Chairperson and 10 members appointed by the Central Government
- The Commission is required to give opinion on competition issues on a reference received from a statutory authority established under any law
Choose the correct answer using the code given below
Correct
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition and prevent activities that have an appreciable adverse effect on competition in India. The commission comprises a chairperson and not less than two and not more than six other members appointed by the Central Government. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues. Context – CCI organized 8th edition of National Conference on Economics of Competition Law
Incorrect
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition and prevent activities that have an appreciable adverse effect on competition in India. The commission comprises a chairperson and not less than two and not more than six other members appointed by the Central Government. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues. Context – CCI organized 8th edition of National Conference on Economics of Competition Law
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Question 5 of 5
5. Question
Consider the following statements about ‘Prevention of Money Laundering Act, 2002’
- The PMLA was enacted in response to India’s global commitment to combat the menace of money laundering under Vienna Convention
- The provisions of this act are applicable to all financial institutions, central bank, mutual funds, insurance companies, and their financial intermediaries
- The Adjudicating Authority established under this Act shall be guided by the principles of natural justice
Choose the correct answer using the code given below
Correct
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Correct The PMLA was enacted in response to India’s global commitment (Vienna Convention) to combat the menace of money laundering. These include: United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances 1988 Basle Statement of Principles, 1989 Forty Recommendations of the Financial Action Task Force on Money Laundering, 1990 Political Declaration and Global Program of Action adopted by the United Nations General Assembly in 1990. The provisions of this act are applicable to all financial institutions, banks (Including RBI), mutual funds, insurance companies, and their financial intermediaries. The Adjudicating Authority is the authority appointed by the central government through notification to exercise jurisdiction, powers and authority conferred under PMLA. The Adjudicating Authority shall not be bound by the procedure laid down by the Code of Civil Procedure,1908, but shall be guided by the principles of natural justice and subject to the other provisions of PMLA. Context – Delhi High Court has directed the Union Government to take expeditious steps for appointing Chairperson and other members of the Appellate tribunal under PMLA 2002.
Incorrect
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Correct The PMLA was enacted in response to India’s global commitment (Vienna Convention) to combat the menace of money laundering. These include: United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances 1988 Basle Statement of Principles, 1989 Forty Recommendations of the Financial Action Task Force on Money Laundering, 1990 Political Declaration and Global Program of Action adopted by the United Nations General Assembly in 1990. The provisions of this act are applicable to all financial institutions, banks (Including RBI), mutual funds, insurance companies, and their financial intermediaries. The Adjudicating Authority is the authority appointed by the central government through notification to exercise jurisdiction, powers and authority conferred under PMLA. The Adjudicating Authority shall not be bound by the procedure laid down by the Code of Civil Procedure,1908, but shall be guided by the principles of natural justice and subject to the other provisions of PMLA. Context – Delhi High Court has directed the Union Government to take expeditious steps for appointing Chairperson and other members of the Appellate tribunal under PMLA 2002.
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