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 with respect to ‘Stable Coins’
- It is digital currency whose value is pegged to a stable asset like US dollar or gold.
- Tether is one of the many stable coins.
- Stable Coins are authorized by the Central banks as they are linked to stable asset.
Select the correct statement(s)
Correct
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Stable coins are crypto currencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stable coins aim to provide an alternative to the high volatility of the most popular crypto currencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions.
The most popular and largest stable coin by market capitalization is Tether (USDT). It is pegged to the U.S. dollar at a 1:1 ratio and backed by gold reserves. It’s also consistently in the top five crypto currencies by market cap. You can find Tether on most major crypto exchanges, including Kraken, Binance, and Coinbase.
Stable coins are not authorized for use by country lawmaker or central banks, which means that investors take on legal and financial risk to hold them. Context: Ex-SoftBank Executive Unveils A UAE Stable coin to Dodge Inflation.
Incorrect
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Stable coins are crypto currencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stable coins aim to provide an alternative to the high volatility of the most popular crypto currencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions.
The most popular and largest stable coin by market capitalization is Tether (USDT). It is pegged to the U.S. dollar at a 1:1 ratio and backed by gold reserves. It’s also consistently in the top five crypto currencies by market cap. You can find Tether on most major crypto exchanges, including Kraken, Binance, and Coinbase.
Stable coins are not authorized for use by country lawmaker or central banks, which means that investors take on legal and financial risk to hold them. Context: Ex-SoftBank Executive Unveils A UAE Stable coin to Dodge Inflation.
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Question 2 of 5
2. Question
With reference to ‘Navigation with Indian Constellation (NavIC)’, consider the following statements
Statement 1- It is global navigation satellite system developed by ISRO.
Statement 2- It comprises 7 satellites, three in geostationary and four in inclined geosynchronous orbits.
Which one of the following is correct in respect of the above statements?
Correct
Solution (d)
Statement Analysis:
Navigation with Indian Constellation (NavIC)
- To meet the positioning, navigation and timing requirements of the nation, ISRO has established a regional navigation satellite system called Navigation with Indian Constellation (NavIC). NavIC was erstwhile known as Indian Regional Navigation Satellite System (IRNSS). Statement 1 is incorrect
- NavIC is designed with a constellation of 7 satellites and a network of ground stations operating 24 x 7. Three satellites of the constellation are placed in geostationary orbit, and four satellites are placed in inclined geosynchronous orbit. Statement 2 is correct
- NavIC offers two services: Standard Position Service (SPS) for civilian users and Restricted Service (RS) for strategic users.
- NavIC coverage area includes India and a region up to 1500 km beyond Indian boundary.
- NavIC signals are designed to provide user position accuracy better than 20m and timing accuracy better than 50ns.
- NavIC SPS signals are interoperable with the other global navigation satellite system (GNSS) signals namely GPS, Glonass, Galileo and BeiDou
Context: India’s NavIC Will Now Be supported By ‘Made In India’ Chipsets.
Incorrect
Solution (d)
Statement Analysis:
Navigation with Indian Constellation (NavIC)
- To meet the positioning, navigation and timing requirements of the nation, ISRO has established a regional navigation satellite system called Navigation with Indian Constellation (NavIC). NavIC was erstwhile known as Indian Regional Navigation Satellite System (IRNSS). Statement 1 is incorrect
- NavIC is designed with a constellation of 7 satellites and a network of ground stations operating 24 x 7. Three satellites of the constellation are placed in geostationary orbit, and four satellites are placed in inclined geosynchronous orbit. Statement 2 is correct
- NavIC offers two services: Standard Position Service (SPS) for civilian users and Restricted Service (RS) for strategic users.
- NavIC coverage area includes India and a region up to 1500 km beyond Indian boundary.
- NavIC signals are designed to provide user position accuracy better than 20m and timing accuracy better than 50ns.
- NavIC SPS signals are interoperable with the other global navigation satellite system (GNSS) signals namely GPS, Glonass, Galileo and BeiDou
Context: India’s NavIC Will Now Be supported By ‘Made In India’ Chipsets.
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Question 3 of 5
3. Question
With reference to ‘SARAS 3’ consider the following statements
- It is an x-ray telescope to observe luminous galaxies.
- It is developed by Indian Space Research Organization.
Select the INCORRECT statement(s)
Correct
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect SARAS aims to design, build and deploy in India a precision radio telescope to detect extremely faint radio wave signals from the depths of time, from our “Cosmic Dawn” when the first stars and galaxies formed in the early Universe. SARAS is a niche high-risk high-gain experimental effort of Raman Research Institute (RRI) The RRI is an autonomous research institute engaged in research in basic sciences. The institute was founded in 1948 by the Indian physicist and Nobel Laureate Sir C V Raman.
Context: Indian researchers at RRI (Raman Research Institute) in a study using the SARAS 3 radio telescope, have conclusively denied a recent claim of the discovery of a radio wave signal from cosmic dawn.
Incorrect
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect SARAS aims to design, build and deploy in India a precision radio telescope to detect extremely faint radio wave signals from the depths of time, from our “Cosmic Dawn” when the first stars and galaxies formed in the early Universe. SARAS is a niche high-risk high-gain experimental effort of Raman Research Institute (RRI) The RRI is an autonomous research institute engaged in research in basic sciences. The institute was founded in 1948 by the Indian physicist and Nobel Laureate Sir C V Raman.
Context: Indian researchers at RRI (Raman Research Institute) in a study using the SARAS 3 radio telescope, have conclusively denied a recent claim of the discovery of a radio wave signal from cosmic dawn.
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Question 4 of 5
4. Question
‘Five Point Consensus’ which was recently in news is related to
Correct
Solution (c)
About ASEAN “five point consensus”
- An immediate end to violence in the country;
- Dialogue among all parties;
- The appointment of a special envoy;
- Humanitarian assistance by ASEAN; and
- The special envoy’s visit to Myanmar to meet with all parties.
Context: ASEAN Leaders’ Review and Decision on the Implementation of The Five-Point Consensus
Incorrect
Solution (c)
About ASEAN “five point consensus”
- An immediate end to violence in the country;
- Dialogue among all parties;
- The appointment of a special envoy;
- Humanitarian assistance by ASEAN; and
- The special envoy’s visit to Myanmar to meet with all parties.
Context: ASEAN Leaders’ Review and Decision on the Implementation of The Five-Point Consensus
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Apis Karinjodian’
- The common name is Indian black honey bee.
- The species is endemic to Western Ghats.
- It has been spotted for the first time in Western Ghats
Select the correct statement(s)
Correct
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Common Name: Indian black honeybee. Apis karinjodian has evolved from Apis cerana morphotypes that got acclimatised to the hot and humid environment of the Western Ghats.
The distribution of Apis karinjodian ranges from the central Western Ghats and Nilgiris to the southern Western Ghats, covering the States of Goa, Karnataka, Kerala and parts of Tamil Nadu. Protection:
IUCN Red List: Near Threatened (NT)
The last honeybee described from India was Apis indica in 1798 by Fabricius. The new find has increased the species of honeybees in the world to 11.
Context: Recently, a new species of endemic honeybee named Apis karinjodian has been discovered in the Western Ghats after a gap of more than 200 years.
Incorrect
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect Common Name: Indian black honeybee. Apis karinjodian has evolved from Apis cerana morphotypes that got acclimatised to the hot and humid environment of the Western Ghats.
The distribution of Apis karinjodian ranges from the central Western Ghats and Nilgiris to the southern Western Ghats, covering the States of Goa, Karnataka, Kerala and parts of Tamil Nadu. Protection:
IUCN Red List: Near Threatened (NT)
The last honeybee described from India was Apis indica in 1798 by Fabricius. The new find has increased the species of honeybees in the world to 11.
Context: Recently, a new species of endemic honeybee named Apis karinjodian has been discovered in the Western Ghats after a gap of more than 200 years.
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