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 Serious Fraud Investigation Office (SFIO)
- It is a multi-disciplinary statutory body under the Ministry of Corporate Affairs.
- It was setup in 2003 on the basis of recommendations of Naresh Chandra Committee on corporate governance.
- SFIO has powers to arrest people for the violation of the Company law.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Option c Correct · It is a multi-disciplinary organization under the Ministry of Corporate Affairs. · It consists of experts in the fields of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation.
Objective: For detecting and prosecuting or recommending for prosecution white-collar crimes and frauds.
History: It was setup in 2003 on the basis of recommendations of Naresh Chandra Committee on corporate governance in the backdrop of stock market scams, failure of non-financial banking companies and the phenomena of vanishing companies and plantation companies.
Investigation into the affairs of a company is assigned to SFIO, where the Government is of the opinion that it is necessary to investigate into the affairs of a company-
· On receipt of a report of the Registrar or inspector under section 208 of the Companies Act, 2013
· On intimation of a special resolution passed by a company that its affairs are required to be investigated
· In the public interest or on request from any department of the Central Government or a State Government
Function and Roles:
· Section 211 of the Companies Act, 2013, has accorded statutory status to the Serious Fraud Investigation Office (SFIO).
· SFIO also has powers to arrest people for the violation of the Company law.
Context: SFIO arrests chartered accountant for role during demonetisation
Incorrect
Solution (c)
Statement Analysis
Option c Correct · It is a multi-disciplinary organization under the Ministry of Corporate Affairs. · It consists of experts in the fields of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation.
Objective: For detecting and prosecuting or recommending for prosecution white-collar crimes and frauds.
History: It was setup in 2003 on the basis of recommendations of Naresh Chandra Committee on corporate governance in the backdrop of stock market scams, failure of non-financial banking companies and the phenomena of vanishing companies and plantation companies.
Investigation into the affairs of a company is assigned to SFIO, where the Government is of the opinion that it is necessary to investigate into the affairs of a company-
· On receipt of a report of the Registrar or inspector under section 208 of the Companies Act, 2013
· On intimation of a special resolution passed by a company that its affairs are required to be investigated
· In the public interest or on request from any department of the Central Government or a State Government
Function and Roles:
· Section 211 of the Companies Act, 2013, has accorded statutory status to the Serious Fraud Investigation Office (SFIO).
· SFIO also has powers to arrest people for the violation of the Company law.
Context: SFIO arrests chartered accountant for role during demonetisation
-
Question 2 of 5
2. Question
Consider the following statements about Matsya-6000
- It is a manned submersible vehicle developed by the National Institute of Ocean Technology (NIOT).
- It relies only on gravity, water, and lithium-ion batteries for power.
- It was developed under the Samudrayaan mission to facilitate humans in the deep ocean in exploring mineral resources.
How many of the statements given above are incorrect?
Correct
Solution (d)
Statement Analysis
Option d Correct · It is a manned submersible vehicle developed by the National Institute of Ocean Technology (NIOT), Chennai. · It was developed under the Samudrayaan mission to facilitate humans in the deep ocean in exploring mineral resources.
· It would make India only one among six countries (US, Russia, Japan, France, and China) to have piloted a crewed under-sea expedition beyond 5,000 metres.
Objectives:
· It will look at chemosynthetic biodiversity in hydrothermal vents and low-temperature methane seeps in the ocean.
· It will also promote tourism and ocean literacy.
Features:
· It is designed with the capability of operating in the deep sea for 12 hours, while in case of emergency, it can also operate up to 96 hours with all the necessary measures for human safety.
· Made of 80mm-thick titanium alloy, it will be able to withstand a pressure 600 times greater than that at sea level.
· It relies only on gravity, water, and lithium-ion batteries for power.
· It will also feature the ultra-short baseline acoustic positioning system (USBL). This will allow the mothership carrying the transponder to send information and the submersible to respond, which will then let the mothership know where the submersible is.
· This is a flotation device that will rise to the top of the ocean — thus helping to find the submersible even in case it cannot resurface.
Context: India’s first manned submersible Matsya-6000 to take a dip in Bay of Bengal
Incorrect
Solution (d)
Statement Analysis
Option d Correct · It is a manned submersible vehicle developed by the National Institute of Ocean Technology (NIOT), Chennai. · It was developed under the Samudrayaan mission to facilitate humans in the deep ocean in exploring mineral resources.
· It would make India only one among six countries (US, Russia, Japan, France, and China) to have piloted a crewed under-sea expedition beyond 5,000 metres.
Objectives:
· It will look at chemosynthetic biodiversity in hydrothermal vents and low-temperature methane seeps in the ocean.
· It will also promote tourism and ocean literacy.
Features:
· It is designed with the capability of operating in the deep sea for 12 hours, while in case of emergency, it can also operate up to 96 hours with all the necessary measures for human safety.
· Made of 80mm-thick titanium alloy, it will be able to withstand a pressure 600 times greater than that at sea level.
· It relies only on gravity, water, and lithium-ion batteries for power.
· It will also feature the ultra-short baseline acoustic positioning system (USBL). This will allow the mothership carrying the transponder to send information and the submersible to respond, which will then let the mothership know where the submersible is.
· This is a flotation device that will rise to the top of the ocean — thus helping to find the submersible even in case it cannot resurface.
Context: India’s first manned submersible Matsya-6000 to take a dip in Bay of Bengal
-
Question 3 of 5
3. Question
Consider the following statements
- The Psyche mission is a journey to a unique metal-rich asteroid orbiting the Sun between Mars and Jupiter.
- The Outer Space Treaty states that entities can extract and sell resources derived from asteroid for private profit.
Choose the correct statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · The Psyche mission is a journey to a unique metal-rich asteroid orbiting the Sun between Mars and Jupiter. · What makes the asteroid Psyche unique is that it appears to be the exposed nickel-iron core of an early planet, one of the building blocks of our solar system.
· As per the Outer Space Treaty, a state or other legal entity cannot own a planet or space object (such as an asteroid), but such entities can extract and sell resources derived from these objects for private profit. Context: It was in news.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · The Psyche mission is a journey to a unique metal-rich asteroid orbiting the Sun between Mars and Jupiter. · What makes the asteroid Psyche unique is that it appears to be the exposed nickel-iron core of an early planet, one of the building blocks of our solar system.
· As per the Outer Space Treaty, a state or other legal entity cannot own a planet or space object (such as an asteroid), but such entities can extract and sell resources derived from these objects for private profit. Context: It was in news.
-
Question 4 of 5
4. Question
Consider the following statements about Anamudi Shola national park
- It is located in the state of Tamil Nadu surrounded by Mathikettan Shola Park and Chinnar Wildlife Sanctuary.
- It consists of montane wet temperate forests and moist deciduous forests.
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · It is located in the state of Kerala. · It is surrounded by Eravikulam National park, Pampadum Shola National park, Chinnar Wildlife Sanctuary and Mathikettan Shola Park.
· Flora: The place is home to around 174 species of herbs and shrubs, 62 species of trees and around 40 species of climbers of which quite a few of them are endemic.
Vegetation: · It consists of southern subtropical hill forests, southern montane wet temperate forests and moist deciduous forests.
· The unique thing in the dense shola woods that houses a dense patch of stunted trees will be the luxurious presence of lichen, mosses, and climbers.
· Fauna: Leopards, civet cats, wolves, Indian bison, wild boars, elephants, tigers, Panther, and sloth bears etc.
Context: The eco-restoration project covers the Anamudi Shola National Park area in Munnar with natural grasslands.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · It is located in the state of Kerala. · It is surrounded by Eravikulam National park, Pampadum Shola National park, Chinnar Wildlife Sanctuary and Mathikettan Shola Park.
· Flora: The place is home to around 174 species of herbs and shrubs, 62 species of trees and around 40 species of climbers of which quite a few of them are endemic.
Vegetation: · It consists of southern subtropical hill forests, southern montane wet temperate forests and moist deciduous forests.
· The unique thing in the dense shola woods that houses a dense patch of stunted trees will be the luxurious presence of lichen, mosses, and climbers.
· Fauna: Leopards, civet cats, wolves, Indian bison, wild boars, elephants, tigers, Panther, and sloth bears etc.
Context: The eco-restoration project covers the Anamudi Shola National Park area in Munnar with natural grasslands.
-
Question 5 of 5
5. Question
Liptako-Gourma, recently seen in news belong to which of the following region?
Correct
Solution (a)
Option a Correct Liptako-Gourma Charter · The military leaders of Mali, Burkina Faso and Niger has recently signed a mutual defence pact, Liptako-Gourma Charter in Mali’s capital Bamako.
· AES – The Charter established the Alliance of Sahel States (AES).
· Aim – It aims to establish architecture of collective defence and mutual assistance.
· Binding – The charter binds the signatories to assist one another — including militarily — in the event of an attack on any one of them.
· It also binds the 3 countries to work to prevent or settle armed rebellions.
Liptako-Gourma Region
· The region is the meeting point of the borders of Mali, Burkina Faso and Niger
· Armed rebellion – The region has been ravaged by jihadist insurgency which erupted in northern Mali in 2012 and later spreaded to Niger and Burkina Faso in 2015.
Context: Mali, Niger, Burkina sign mutual defence pact.
Incorrect
Solution (a)
Option a Correct Liptako-Gourma Charter · The military leaders of Mali, Burkina Faso and Niger has recently signed a mutual defence pact, Liptako-Gourma Charter in Mali’s capital Bamako.
· AES – The Charter established the Alliance of Sahel States (AES).
· Aim – It aims to establish architecture of collective defence and mutual assistance.
· Binding – The charter binds the signatories to assist one another — including militarily — in the event of an attack on any one of them.
· It also binds the 3 countries to work to prevent or settle armed rebellions.
Liptako-Gourma Region
· The region is the meeting point of the borders of Mali, Burkina Faso and Niger
· Armed rebellion – The region has been ravaged by jihadist insurgency which erupted in northern Mali in 2012 and later spreaded to Niger and Burkina Faso in 2015.
Context: Mali, Niger, Burkina sign mutual defence pact.
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