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 Khadi and Village Industries Commission
- KVIC is a statutory body under the Ministry of Micro, Small and Medium Enterprises (MoMSME).
- PM’s Employment Generation Programme and Scheme of Fund for Regeneration of Traditional Industries (SFURTI) schemes are implemented by KVIC
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · The Khadi and Village Industries Commission (KVIC) is a statutory body established by ‘Khadi and Village Industries Commission Act of 1956’ in 1957. · KVIC took over the work of former All India Khadi and Village Industries Board since then.
· It was established with the object to plan, support and promote Khadi and Village Industries.
· Ministry – KVIC functions under the Ministry of Micro, Small and Medium Enterprises (MoMSME).
· It is an apex body with regard to khadi and village industries within India
Schemes – Some of the schemes and projects implemented by KVIC – · PM’s Employment Generation Programme (PMEGP)
· National Beekeeping & Honey Mission (NBHM)
· Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
· Project RE-HAB
· Project BOLD
Context: The Khadi and Village Industries Commission (KVIC) celebrated Diamond Jubilee.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · The Khadi and Village Industries Commission (KVIC) is a statutory body established by ‘Khadi and Village Industries Commission Act of 1956’ in 1957. · KVIC took over the work of former All India Khadi and Village Industries Board since then.
· It was established with the object to plan, support and promote Khadi and Village Industries.
· Ministry – KVIC functions under the Ministry of Micro, Small and Medium Enterprises (MoMSME).
· It is an apex body with regard to khadi and village industries within India
Schemes – Some of the schemes and projects implemented by KVIC – · PM’s Employment Generation Programme (PMEGP)
· National Beekeeping & Honey Mission (NBHM)
· Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
· Project RE-HAB
· Project BOLD
Context: The Khadi and Village Industries Commission (KVIC) celebrated Diamond Jubilee.
-
Question 2 of 5
2. Question
Consider the following statements
- In Jainism, the Nirgranthas are those who have achieved a state of spiritual purity and liberation.
- They believed in soul’s existence and abstained from killing animals and destroying plants.
- The Tamil epic Manimegalai refers to two types of naked ascetics: the Ajivika and the Nigrantha.
Choose the correct statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The word ‘Nirgrantha’ means ‘without knots’ or ‘without bonds’ (Nir – without; Granth – knot or bond). · In Jainism, the Nirgranthas are those who have achieved a state of spiritual purity and liberation.
· They are free from all attachments, desires, and passions.
· They were pravrajita (houseless ascetics) as well as the naked ascetics (nigrantha). · These ascetics abstain from animal food and all food cooked by fire. They live on fruits picked up when they had dropped to the ground.
· They believed in soul’s existence and abstained from killing animals and destroying plants.
· Epic Manimegalai – The Tamil epic Manimegalai, which is about 1,500 years old, refers to two types of naked ascetics: the Ajivika and the Nigrantha. Context: The naked ascetics of the Nigrantha sect and other nude ascetics – An article in The Hindu.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The word ‘Nirgrantha’ means ‘without knots’ or ‘without bonds’ (Nir – without; Granth – knot or bond). · In Jainism, the Nirgranthas are those who have achieved a state of spiritual purity and liberation.
· They are free from all attachments, desires, and passions.
· They were pravrajita (houseless ascetics) as well as the naked ascetics (nigrantha). · These ascetics abstain from animal food and all food cooked by fire. They live on fruits picked up when they had dropped to the ground.
· They believed in soul’s existence and abstained from killing animals and destroying plants.
· Epic Manimegalai – The Tamil epic Manimegalai, which is about 1,500 years old, refers to two types of naked ascetics: the Ajivika and the Nigrantha. Context: The naked ascetics of the Nigrantha sect and other nude ascetics – An article in The Hindu.
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Question 3 of 5
3. Question
Consider the following statements about Forum for India-Pacific Islands cooperation (FIPIC)
- It is a multinational grouping developed in 2014 for cooperation between India and 14 Pacific Islands nations.
- In 2022 India signed security agreement with Solomon Islands under FIPIC Framework.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Forum for India-Pacific Islands cooperation (FIPIC) is a multinational grouping for cooperation between India and 14 Pacific Islands nations. · It include 14 islands named- Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, Papua New Guinea, Tonga, Tuvalu and Vanuatu.
· All Head of state/head of government of the above countries met in Suva, Fiji in November 2014 for the first time where the annual summit was conceptualised.
· The FIPIC initiative marks a serious effort to expand India’s engagement in the Pacific region.
· Signed in April 2022, the China-Solomon Islands security agreement has raised concern among Western countries about China’s growing influence, its potential military presence, and the challenges such developments would pose for the United States and its allies’ dominance of Oceania. Context: Recently, Prime minister of India meets with Pacific Island nation leaders on sidelines of FIPIC Summit in Papua New Guinea.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Forum for India-Pacific Islands cooperation (FIPIC) is a multinational grouping for cooperation between India and 14 Pacific Islands nations. · It include 14 islands named- Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, Papua New Guinea, Tonga, Tuvalu and Vanuatu.
· All Head of state/head of government of the above countries met in Suva, Fiji in November 2014 for the first time where the annual summit was conceptualised.
· The FIPIC initiative marks a serious effort to expand India’s engagement in the Pacific region.
· Signed in April 2022, the China-Solomon Islands security agreement has raised concern among Western countries about China’s growing influence, its potential military presence, and the challenges such developments would pose for the United States and its allies’ dominance of Oceania. Context: Recently, Prime minister of India meets with Pacific Island nation leaders on sidelines of FIPIC Summit in Papua New Guinea.
-
Question 4 of 5
4. Question
Consider the following statements about Bond yield
- As a bond’s price increases, its yield to maturity falls.
- RBI controls bond yields either by buying back government bonds or conduct open market operations to cool yields.
Choose the correct statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Yield – In simple terms, yield is the amount of return that an investor will realize on a bond. · If the investor holds the bond to maturity, s/he will be guaranteed to get the principal amount back plus the interest.
· However, a bond does not necessarily have to be held to maturity by the investors.
· Instead, investors may sell them for a higher or lower price to other investors.
· The bond prices and yields generally move in opposite directions.
· This is because, as a bond’s price increases, its yield to maturity falls.
How RBI controls bond yield? · The RBI aims to keep yields lower as that reduces borrowing costs for the government while preventing any upward movement in lending rates in the market.
· Thus it controls bond yields either by buying back government bonds or conduct open market operations to cool yields
Context: Indian Government bond yields are set to open lower after the Reserve Bank of India’s move to withdraw the country’s highest value currency notes.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Yield – In simple terms, yield is the amount of return that an investor will realize on a bond. · If the investor holds the bond to maturity, s/he will be guaranteed to get the principal amount back plus the interest.
· However, a bond does not necessarily have to be held to maturity by the investors.
· Instead, investors may sell them for a higher or lower price to other investors.
· The bond prices and yields generally move in opposite directions.
· This is because, as a bond’s price increases, its yield to maturity falls.
How RBI controls bond yield? · The RBI aims to keep yields lower as that reduces borrowing costs for the government while preventing any upward movement in lending rates in the market.
· Thus it controls bond yields either by buying back government bonds or conduct open market operations to cool yields
Context: Indian Government bond yields are set to open lower after the Reserve Bank of India’s move to withdraw the country’s highest value currency notes.
-
Question 5 of 5
5. Question
Aspartame, Saccharin and Neotame, recently seen in news are?
Correct
Solution (b)
Option b Correct · Artificial sweeteners –They are sugar substitutes that are used to sweeten foods and beverages with very little to no calories. · They are also called as non-nutritive sweeteners (NNS), non-sugar sweeteners (NSS), low calorie sweeteners and intense sweeteners.
· Common NSS – Acesulfame K (Ace-K), aspartame, advantame, cyclamates, neotame, saccharin, sucralose, stevia, and stevia derivatives.
What are the recommendations by WHO?
· Lacks long term benefits – Artificial sweeteners do not provide any long term benefits in reducing body fat in adults or children.
· Diseases caused – The use of sugar alternatives has been found to increase the risk of type 2 diabetes, depression, cardiovascular diseases, and causes digestive issues.
· It also causes bladder cancer and preterm births when consumed by pregnant women.
· Weight loss – Even though there could be weight loss in short term, in long term it leads to weight gain.
Context: The World Health Organization (WHO) has recommended against using artificial sweeteners to achieve weight loss and prevent lifestyle diseases.
Incorrect
Solution (b)
Option b Correct · Artificial sweeteners –They are sugar substitutes that are used to sweeten foods and beverages with very little to no calories. · They are also called as non-nutritive sweeteners (NNS), non-sugar sweeteners (NSS), low calorie sweeteners and intense sweeteners.
· Common NSS – Acesulfame K (Ace-K), aspartame, advantame, cyclamates, neotame, saccharin, sucralose, stevia, and stevia derivatives.
What are the recommendations by WHO?
· Lacks long term benefits – Artificial sweeteners do not provide any long term benefits in reducing body fat in adults or children.
· Diseases caused – The use of sugar alternatives has been found to increase the risk of type 2 diabetes, depression, cardiovascular diseases, and causes digestive issues.
· It also causes bladder cancer and preterm births when consumed by pregnant women.
· Weight loss – Even though there could be weight loss in short term, in long term it leads to weight gain.
Context: The World Health Organization (WHO) has recommended against using artificial sweeteners to achieve weight loss and prevent lifestyle diseases.
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