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
Which of the following is/are the determinants of the Minimum Support Price (MSP)?
- Inter-crop price parity
- Price trends in the market, both domestic and international
- Terms of trade between agriculture and non-agriculture
Choose the correct code:
Correct
Solution (a)
Option a Correct · Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. · MSP are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
· MSP is price fixed by Government of India to protect the producer (farmers) against excessive fall in price during bumper production years.
· It is the minimum price at which the government procures crops from farmers.
· They are a guarantee price for their produce from the Government.
The determinates of the Minimum Support Price (MSP) includes:
· Demand and supply.
· Cost of production.
· Price trends in the market, both domestic and international.
· Inter-crop price parity.
· Terms of trade between agriculture and non-agriculture.
· A minimum of 50 percent as the margin over cost of production.
· Likely implications of MSP on consumers of that product.
Context: Recently the union government announced Minimum Support Price (MSP) for 6 Rabi crops for the 2024-25 marketing season with the old formula for MSP.
Incorrect
Solution (a)
Option a Correct · Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. · MSP are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
· MSP is price fixed by Government of India to protect the producer (farmers) against excessive fall in price during bumper production years.
· It is the minimum price at which the government procures crops from farmers.
· They are a guarantee price for their produce from the Government.
The determinates of the Minimum Support Price (MSP) includes:
· Demand and supply.
· Cost of production.
· Price trends in the market, both domestic and international.
· Inter-crop price parity.
· Terms of trade between agriculture and non-agriculture.
· A minimum of 50 percent as the margin over cost of production.
· Likely implications of MSP on consumers of that product.
Context: Recently the union government announced Minimum Support Price (MSP) for 6 Rabi crops for the 2024-25 marketing season with the old formula for MSP.
-
Question 2 of 5
2. Question
Consider the following statements about Golden Peacock Award
- It was instituted by the Institute of Directors, India in 1991, is now regarded as a benchmark of Corporate Excellence worldwide.
- Rural Electrification Corporation Limited received the award the Golden Peacock Award in Risk Management in 2023.
- REC is a ‘Navratna’ company under the administrative control of the Ministry of Rural Development.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect · The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. · Golden Peacock Awards for Corporate Leadership and Institutional Excellence, over the time, have become a hallmark of excellence, both locally and globally.
· The award process involves transparency and has a 3 Tier evaluation process, based on internationally recognized criteria.
· Award winners are eligible to use the Golden Peacock Awards Logo with year on all printed and promotional materials, which evidences the highest accolade received by the organisation.
· REC Limited honoured with Golden Peacock Award in Risk Management in 2023. · REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power. · It is registered with RBI as non-banking finance company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
· REC was incorporated in 1969 to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons.
Context: Recently REC Limited was honoured with Golden Peacock Award in Risk Management.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect · The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. · Golden Peacock Awards for Corporate Leadership and Institutional Excellence, over the time, have become a hallmark of excellence, both locally and globally.
· The award process involves transparency and has a 3 Tier evaluation process, based on internationally recognized criteria.
· Award winners are eligible to use the Golden Peacock Awards Logo with year on all printed and promotional materials, which evidences the highest accolade received by the organisation.
· REC Limited honoured with Golden Peacock Award in Risk Management in 2023. · REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power. · It is registered with RBI as non-banking finance company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
· REC was incorporated in 1969 to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons.
Context: Recently REC Limited was honoured with Golden Peacock Award in Risk Management.
-
Question 3 of 5
3. Question
Consider the following statements about Tribal Youth Exchange Program (TYEP)
- TYEP aims to raise aspirations of youth from remote tribal areas of worst affected by the left wing extremism districts of selective states in the country.
- Nehru Yuva Kendra Sangathan organizes TYEP for the development of tribal youth with the support of Ministry of Home Affairs.
Choose the INCORRECT statement(s)
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Tribal Youth Exchange Program (TYEP) aims to raise aspirations of youth from remote tribal areas of worst affected by the left wing extremism districts of selective states in the country. · It provides them opportunity to visit 26 different places of the country to understand the cultural ethos, language, lifestyles of the people, Socio–economic & Cultural Development, Process and unity in diversity aspect of our national life.
· Nehru Yuva Kendra Sangathan organizes Tribal Youth Exchange Programme for the development of tribal youth with the support of Ministry of Home Affairs. · The Ministry of Home Affairs has been running the TYEP for 15 years through Nehru Yuva Kendra Sangathan.
The objectives of this programme include:
· Promoting the aspirations of the youth in areas affected by Left Wing Extremism and deepening the confidence in democratic system in these areas.
· Countering the propaganda against the government being spread by CPI Maoists.
· Informing the youth of tribal areas about the development activities and industrial progress and to sensitize them about the rich cultural heritage of India.
· Spreading awareness about major development and welfare schemes among the youth of the tribal community.
· Developing an emotional bonding between youth belonging to the tribal community and their peer groups in other parts of the country.
· In the Tribal Youth Exchange Programme 25,880 youngsters from the tribal community have participated from 2006-07 to 2022-23.
Context: Recently the union home minister interacted with the 200 tribal youth under the Tribal Youth Exchange Program (TYEP) that is held at New Delhi.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Tribal Youth Exchange Program (TYEP) aims to raise aspirations of youth from remote tribal areas of worst affected by the left wing extremism districts of selective states in the country. · It provides them opportunity to visit 26 different places of the country to understand the cultural ethos, language, lifestyles of the people, Socio–economic & Cultural Development, Process and unity in diversity aspect of our national life.
· Nehru Yuva Kendra Sangathan organizes Tribal Youth Exchange Programme for the development of tribal youth with the support of Ministry of Home Affairs. · The Ministry of Home Affairs has been running the TYEP for 15 years through Nehru Yuva Kendra Sangathan.
The objectives of this programme include:
· Promoting the aspirations of the youth in areas affected by Left Wing Extremism and deepening the confidence in democratic system in these areas.
· Countering the propaganda against the government being spread by CPI Maoists.
· Informing the youth of tribal areas about the development activities and industrial progress and to sensitize them about the rich cultural heritage of India.
· Spreading awareness about major development and welfare schemes among the youth of the tribal community.
· Developing an emotional bonding between youth belonging to the tribal community and their peer groups in other parts of the country.
· In the Tribal Youth Exchange Programme 25,880 youngsters from the tribal community have participated from 2006-07 to 2022-23.
Context: Recently the union home minister interacted with the 200 tribal youth under the Tribal Youth Exchange Program (TYEP) that is held at New Delhi.
-
Question 4 of 5
4. Question
Consider the following statements about Amrit Kaal Vision 2047
- The vision aims to make major ports carbon-neutral and push for domestic hydrogen production and distribution.
- It aims to quadruple port capacity to 25,000 million tonnes per annum (mtpa) by 2050.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Amrit Kaal Vision 2047 is the long-term blueprint for the Indian maritime blue economy for enhancing port, promoting sustainable practices and facilitating global collaboration. · The blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices and facilitating international collaboration.
· It includes strategies to make major ports carbon-neutral and push for domestic hydrogen production and distribution.
· It aims to quadruple port capacity to 10,000 million tonnes per annum (mtpa) by 2047, aiming to get 100 % public private partnership (PPP) for 12 major ports. The investments worth Rs 75-80 trillion over the next 25 years will be used to achieve the following goals:
· Carbon neutrality at all major ports,
· Attaining the highest rank in cruise tourism,
· Development of 25 cruise terminals,
· Increasing operational waterways more than two-fold and
· 500 million tonne (mt) of cargo, development of 2 new major ports and
· Becoming the leading nation in ship recycling.
Global Maritime India Summit 2023 is the 3rd edition of the summit that was held at Mumbai.
Context: At the Global Maritime India Summit 2023 the Prime Minister Narendra Modi unveiled ‘Amrit Kaal Vision 2047’, a blueprint for the Indian Maritime blue economy.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Amrit Kaal Vision 2047 is the long-term blueprint for the Indian maritime blue economy for enhancing port, promoting sustainable practices and facilitating global collaboration. · The blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices and facilitating international collaboration.
· It includes strategies to make major ports carbon-neutral and push for domestic hydrogen production and distribution.
· It aims to quadruple port capacity to 10,000 million tonnes per annum (mtpa) by 2047, aiming to get 100 % public private partnership (PPP) for 12 major ports. The investments worth Rs 75-80 trillion over the next 25 years will be used to achieve the following goals:
· Carbon neutrality at all major ports,
· Attaining the highest rank in cruise tourism,
· Development of 25 cruise terminals,
· Increasing operational waterways more than two-fold and
· 500 million tonne (mt) of cargo, development of 2 new major ports and
· Becoming the leading nation in ship recycling.
Global Maritime India Summit 2023 is the 3rd edition of the summit that was held at Mumbai.
Context: At the Global Maritime India Summit 2023 the Prime Minister Narendra Modi unveiled ‘Amrit Kaal Vision 2047’, a blueprint for the Indian Maritime blue economy.
-
Question 5 of 5
5. Question
Operation ‘Nanhe Faristey’, recently seen in news is related to?
Correct
Solution (c)
Option c Correct · Operation ‘Nanhe Faristey’ – The operation aims to rescue children and reunite them with their family. · It was launched on Indian Railways by the Railway Protection Force (RPF).
· Operation ‘AAHT’ – It is an effective operation to curb the evil plans of Human traffickers.
· Operation ‘Uplabdh’ – In this operation the touts were arrested and legal action was taken against them as per law.
· Touts are the persons who sell tickets unofficially, at a much higher price than the official price, especially outside a theatre, stadium, railway station and other places.
· Operation ‘Yatri Suraksha’ – In order to redress security related complaints of passengers in distress and for immediate assistance, this operation was launched.
Context: Nanhe Faristey, AAHT, Uplabdh and Yatri Suraksha are operations of Railway Protection Force (RPF) to protect railway property, passenger areas and passengers.
Incorrect
Solution (c)
Option c Correct · Operation ‘Nanhe Faristey’ – The operation aims to rescue children and reunite them with their family. · It was launched on Indian Railways by the Railway Protection Force (RPF).
· Operation ‘AAHT’ – It is an effective operation to curb the evil plans of Human traffickers.
· Operation ‘Uplabdh’ – In this operation the touts were arrested and legal action was taken against them as per law.
· Touts are the persons who sell tickets unofficially, at a much higher price than the official price, especially outside a theatre, stadium, railway station and other places.
· Operation ‘Yatri Suraksha’ – In order to redress security related complaints of passengers in distress and for immediate assistance, this operation was launched.
Context: Nanhe Faristey, AAHT, Uplabdh and Yatri Suraksha are operations of Railway Protection Force (RPF) to protect railway property, passenger areas and passengers.
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