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 Energy Transition Index 2023
- The index is released by the UN Environment Programme (UNEP).
- For the first time, India ranked in the top 5 of the Energy transition index.
- India it is the only major economy with energy transition momentum accelerating across all dimensions.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The index is released by World Economic Forum in collaboration with Accenture. India ranked 67th on Energy Transition Index which is topped by Sweden. Among the world’s 10 largest economies, only France features in the top 10.
Sweden is followed by Denmark, Norway, Finland and Switzerland in the top five on the list of 120 countries.
Even as the global energy transition is plateauing due to equity challenges, major economies are showing significant progress.
India it is the only major economy with energy transition momentum accelerating across all dimensions. Besides India, Singapore is the only other major economy showing “true momentum by advancing sustainability, energy security and equity in a balanced way.
Context: Recently World Economic Forum released Energy Transition Index 2023 as part of their annual exercise.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct The index is released by World Economic Forum in collaboration with Accenture. India ranked 67th on Energy Transition Index which is topped by Sweden. Among the world’s 10 largest economies, only France features in the top 10.
Sweden is followed by Denmark, Norway, Finland and Switzerland in the top five on the list of 120 countries.
Even as the global energy transition is plateauing due to equity challenges, major economies are showing significant progress.
India it is the only major economy with energy transition momentum accelerating across all dimensions. Besides India, Singapore is the only other major economy showing “true momentum by advancing sustainability, energy security and equity in a balanced way.
Context: Recently World Economic Forum released Energy Transition Index 2023 as part of their annual exercise.
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Question 2 of 5
2. Question
Consider the following statements about Red Tide
- They refer to the Harmful Algal Blooms (HABs) on water bodies.
- HABs grow both in fresh and sea water.
Choose the correct statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Red Tide is Harmful algal blooms (HABs) which are red in colour. · It is caused by microscopic algae that produce toxins that kill fish and make shellfish dangerous to eat.
· The toxins may also make the surrounding air difficult to breathe.
· Humans are unaffected unless they eat infected shellfish.
· Harmful algal blooms (HABs) can occur in fresh, marine (salt), and brackish (a mixture of fresh and salt) water bodies around the world. Context: In recent times the red tides is on the rise along the Florida’s Gulf Coast of USA killing marine species.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Red Tide is Harmful algal blooms (HABs) which are red in colour. · It is caused by microscopic algae that produce toxins that kill fish and make shellfish dangerous to eat.
· The toxins may also make the surrounding air difficult to breathe.
· Humans are unaffected unless they eat infected shellfish.
· Harmful algal blooms (HABs) can occur in fresh, marine (salt), and brackish (a mixture of fresh and salt) water bodies around the world. Context: In recent times the red tides is on the rise along the Florida’s Gulf Coast of USA killing marine species.
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Question 3 of 5
3. Question
Consider the following countries
- Romania
- Moldova
- Poland
- Russia
- Latvia
How many of the above mentioned countries share a land border with Belarus?
Correct
Solution (b)
· It is a landlocked country of eastern Europe. · Bordering countries: It borders Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest.
· The capital and largest city is Minsk.
Context: Belarusian embassy in the Netherlands was reportedly vandalized recently.
Incorrect
Solution (b)
· It is a landlocked country of eastern Europe. · Bordering countries: It borders Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest.
· The capital and largest city is Minsk.
Context: Belarusian embassy in the Netherlands was reportedly vandalized recently.
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Question 4 of 5
4. Question
Consider the following statements about Credit Information Companies (CICs)
- CICs are companies registered under Credit Information Companies Act, 1956.
- CICs collects public data, credit transactions & payment histories of both individuals and companies.
- Both banks & Non-banking financial institutions refer to the CIC’s report before granting loan or credit card.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Option c Correct · “Credit Information Company” means a company formed and registered under the Companies Act, 1956. · CICs otherwise called as Credit Information Bureaus have details about all the creditors and borrowers in the financial system.
· CICs maintain credit information of borrowers (including individuals, corporate, SMEs) which can be accessed by banks and other lending institutions.
· CICs collects public data, credit transactions & payment histories of both individuals and companies.
· Both banks & Non-banking financial institutions refer to the CIC’s report before granting loan or credit card.
· Unlike banks, people don’t have direct access to CICs’ database.
· They rate the borrowers in a scale of 300-900 with 900 being the highest rating.
· The companies often need to update the information so that the default player if subsequently make the repayment their scale should be increased accordingly.
· Banks and finance companies normally take decision on the rating given by the credit bureaus.
· Banks mandate the usage of credit information report (CIR) in their credit appraisal process.
Context: The RBI issued penalty of Rs. 1 crore on 4 CICs for their failure to update credit information of borrowers.
Incorrect
Solution (c)
Statement Analysis
Option c Correct · “Credit Information Company” means a company formed and registered under the Companies Act, 1956. · CICs otherwise called as Credit Information Bureaus have details about all the creditors and borrowers in the financial system.
· CICs maintain credit information of borrowers (including individuals, corporate, SMEs) which can be accessed by banks and other lending institutions.
· CICs collects public data, credit transactions & payment histories of both individuals and companies.
· Both banks & Non-banking financial institutions refer to the CIC’s report before granting loan or credit card.
· Unlike banks, people don’t have direct access to CICs’ database.
· They rate the borrowers in a scale of 300-900 with 900 being the highest rating.
· The companies often need to update the information so that the default player if subsequently make the repayment their scale should be increased accordingly.
· Banks and finance companies normally take decision on the rating given by the credit bureaus.
· Banks mandate the usage of credit information report (CIR) in their credit appraisal process.
Context: The RBI issued penalty of Rs. 1 crore on 4 CICs for their failure to update credit information of borrowers.
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Question 5 of 5
5. Question
NANDI Portal, recently seen in news was launched by?
Correct
Solution (a)
Option a Correct · Nandi – NOC Approval for New Drug and Inoculation System. · Nandi portal to timely process applications and grant non-objection certification (NOC) for veterinary drugs and vaccines.
· The portal was launched by the Ministry of Fisheries, Animal Husbandry and Dairying.
· The portal was developed by the Department of Animal Husbandry and Dairying through Centre for Development of Advanced Computing in coordination with Central Drugs Standard Control Organization (CDSCO).
Context: Recently Union Minister of Fisheries, Animal Husbandry & Dairying launched Nandi portal to expedite regulatory process for approval of animal drugs and vaccines.
Incorrect
Solution (a)
Option a Correct · Nandi – NOC Approval for New Drug and Inoculation System. · Nandi portal to timely process applications and grant non-objection certification (NOC) for veterinary drugs and vaccines.
· The portal was launched by the Ministry of Fisheries, Animal Husbandry and Dairying.
· The portal was developed by the Department of Animal Husbandry and Dairying through Centre for Development of Advanced Computing in coordination with Central Drugs Standard Control Organization (CDSCO).
Context: Recently Union Minister of Fisheries, Animal Husbandry & Dairying launched Nandi portal to expedite regulatory process for approval of animal drugs and vaccines.
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