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
- Article 142 authorises the Supreme Court to grant in its discretion special leave to appeal from any judgement in any matter passed by any court or tribunal in the territory of India.
- Article 143 of the Constitution authorises the president to seek the opinion of the Supreme court in certain matters.
Choose the incorrect statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · Article 142 provides discretionary power to the Supreme Court as it states that the SC in the exercise of its jurisdiction may pass such decree or make such order as is necessary for doing complete justice in any cause or matter pending before it. · Article 136 deals with the special leave to appeal by the Supreme court. It means that the Supreme Court is authorised to grant in its discretion special leave to appeal from any judgement in any matter passed by any court or tribunal in the territory of India (except military tribunal and court-martial).
· Article 143 of the Constitution authorises the president to seek the opinion of the Supreme court in the two categories of matters: · On any question of law or fact of public importance which has arisen or which is likely to arise.
· On any dispute arising out of any pre-constitution treaty, agreement, covenant, engagement, sanad or other similar instruments.
Context: The Supreme Court recently held its extraordinary discretion under Article 142 of the Constitution can be used to do “complete justice” for couples trapped in bitter marriages by granting them divorce by mutual consent.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · Article 142 provides discretionary power to the Supreme Court as it states that the SC in the exercise of its jurisdiction may pass such decree or make such order as is necessary for doing complete justice in any cause or matter pending before it. · Article 136 deals with the special leave to appeal by the Supreme court. It means that the Supreme Court is authorised to grant in its discretion special leave to appeal from any judgement in any matter passed by any court or tribunal in the territory of India (except military tribunal and court-martial).
· Article 143 of the Constitution authorises the president to seek the opinion of the Supreme court in the two categories of matters: · On any question of law or fact of public importance which has arisen or which is likely to arise.
· On any dispute arising out of any pre-constitution treaty, agreement, covenant, engagement, sanad or other similar instruments.
Context: The Supreme Court recently held its extraordinary discretion under Article 142 of the Constitution can be used to do “complete justice” for couples trapped in bitter marriages by granting them divorce by mutual consent.
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Question 2 of 5
2. Question
Consider the following statements about Padma Awards
- Awardees receive a Sanad (Certificate) and Medallion but no monetary grant is attached to these Awards.
- The nominations are placed placed before the Padma Awards Committee, which is constituted by the Prime Minister once in five year.
- The Padma Awards Committee is headed by the Home Secretary.
Choose the incorrect statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect · The Padma Awards namely, Padma Vibhushan, Padma Bhushan and Padma Shri, are amongst the highest civilian awards of the country. · These Awards were instituted in 1954 and they are announced every year on the occasion of Republic Day.
· Eligibility for the nomination-
· All persons without distinction of race, occupation, position, or sex are eligible for these Awards.
· Government servants including those working with PSUs, except Doctors and Scientists, are not eligible for Padma Awards.
· Awardees receive a Sanad (Certificate) and Medallion, a small size replica (miniature) of the main medal is separately handed over to the recipient but no monetary grant is attached to these Awards.
· All nominations received for Padma Awards are placed before the Padma Awards Committee, which is constituted by the Prime Minister every year. · The Padma Awards Committee is headed by the Cabinet Secretary and includes Home Secretary, Secretary to the President and four to six eminent persons as members. · The Prime Minister and the President of India finally review and approve the recommendations.
Context: Recently, online nominations/recommendations for the Padma Awards 2024 have opened.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect · The Padma Awards namely, Padma Vibhushan, Padma Bhushan and Padma Shri, are amongst the highest civilian awards of the country. · These Awards were instituted in 1954 and they are announced every year on the occasion of Republic Day.
· Eligibility for the nomination-
· All persons without distinction of race, occupation, position, or sex are eligible for these Awards.
· Government servants including those working with PSUs, except Doctors and Scientists, are not eligible for Padma Awards.
· Awardees receive a Sanad (Certificate) and Medallion, a small size replica (miniature) of the main medal is separately handed over to the recipient but no monetary grant is attached to these Awards.
· All nominations received for Padma Awards are placed before the Padma Awards Committee, which is constituted by the Prime Minister every year. · The Padma Awards Committee is headed by the Cabinet Secretary and includes Home Secretary, Secretary to the President and four to six eminent persons as members. · The Prime Minister and the President of India finally review and approve the recommendations.
Context: Recently, online nominations/recommendations for the Padma Awards 2024 have opened.
-
Question 3 of 5
3. Question
Consider the following statements about Windfall Tax
- It is a higher tax levied by the government on specific industries when they experience unexpected and above-average profits.
- When a company earns profits from an investment strategy or an expansion of business the government can tax this revenue under Windfall tax.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · It is a higher tax levied by the government on specific industries when they experience unexpected and above-average profits. · When the government notices a sudden increase in an industry’s revenue, they impose this tax. · However, these revenues cannot be linked to anything the company actively pursued, such as its business strategy or expansion.
· Consequently, a Windfall Tax is imposed on an industry’s profits when it experiences a sharp increase in revenue due to unrelated external events.
Context: India recently slashed the windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · It is a higher tax levied by the government on specific industries when they experience unexpected and above-average profits. · When the government notices a sudden increase in an industry’s revenue, they impose this tax. · However, these revenues cannot be linked to anything the company actively pursued, such as its business strategy or expansion.
· Consequently, a Windfall Tax is imposed on an industry’s profits when it experiences a sharp increase in revenue due to unrelated external events.
Context: India recently slashed the windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.
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Question 4 of 5
4. Question
Consider the following statements about Laundromat Countries
- These are the countries that buy Russian oil and sell processed products to European countries.
- The laundromat countries are China, India, Turkey, the Iran and Kuwait.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · These are the countries that buy Russian oil and sell processed products to European countries, thus evading European sanctions against Russia. · These countries are refining larger volumes of imported Russian crude to then export refined products to sanction imposing countries.
· This is currently a legal way of exporting oil products to countries that are imposing sanctions on Russia.
· These countries export nearly 3.8 million tonnes of oil products to price cap coalition countries, which include the EU, G-7 countries, Australia and Japan.
· The laundromat countries are China, India, Turkey, the UAE and Singapore. Context: Among the laundromat countries, India remained the highest global consumer of seaborne Russian crude in April.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · These are the countries that buy Russian oil and sell processed products to European countries, thus evading European sanctions against Russia. · These countries are refining larger volumes of imported Russian crude to then export refined products to sanction imposing countries.
· This is currently a legal way of exporting oil products to countries that are imposing sanctions on Russia.
· These countries export nearly 3.8 million tonnes of oil products to price cap coalition countries, which include the EU, G-7 countries, Australia and Japan.
· The laundromat countries are China, India, Turkey, the UAE and Singapore. Context: Among the laundromat countries, India remained the highest global consumer of seaborne Russian crude in April.
-
Question 5 of 5
5. Question
India has signed Comprehensive Economic Partnership Agreement (CEPA) with which of the following country?
Correct
Solution (c)
Option c Correct CEPA · It is a kind of free trade pact that covers negotiation on the trade in services and investment, and other areas of economic partnership.
· It may even consider negotiation in areas such as trade facilitation and customs cooperation, competition, and IPR.
· Partnership agreements or cooperation agreements are more comprehensive than Free Trade Agreements.
· CEPA also looks into the regulatory aspect of trade and encompasses an agreement covering the regulatory issues.
· India has signed CEPAs with South Korea and Japan.
Context: India-UAE trade pact boosts exports to $31.3 billion in 2022-23.
Incorrect
Solution (c)
Option c Correct CEPA · It is a kind of free trade pact that covers negotiation on the trade in services and investment, and other areas of economic partnership.
· It may even consider negotiation in areas such as trade facilitation and customs cooperation, competition, and IPR.
· Partnership agreements or cooperation agreements are more comprehensive than Free Trade Agreements.
· CEPA also looks into the regulatory aspect of trade and encompasses an agreement covering the regulatory issues.
· India has signed CEPAs with South Korea and Japan.
Context: India-UAE trade pact boosts exports to $31.3 billion in 2022-23.
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