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 with respect to ‘Insolvency and Bankruptcy Code, 2016’
- It is the bankruptcy law of India which provides for a time-bound process to resolve insolvency
- The provisions of the Code are applicable to companies, limited liability entities, firms, but not to individuals
- The proceedings of the resolution process will be adjudicated by the Debt Recovery Tribunal for companies
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect It is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. It provides for a time-bound process to resolve insolvency. The provisions of the Code are applicable to companies, limited liability entities, firms, and individuals (i.e. all entities other than financial service providers). The proceedings of the resolution process will be adjudicated by the National Companies Law Tribunal (NCLT) for companies and the Debt Recovery Tribunal for individuals. The courts approve initiating the resolution process, appointing the insolvency professional, and giving nod to the final decision of creditors. Context: The Supreme Court recently upheld key provisions of the Insolvency and Bankruptcy Code, 2016 (IBC)
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect It is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. It provides for a time-bound process to resolve insolvency. The provisions of the Code are applicable to companies, limited liability entities, firms, and individuals (i.e. all entities other than financial service providers). The proceedings of the resolution process will be adjudicated by the National Companies Law Tribunal (NCLT) for companies and the Debt Recovery Tribunal for individuals. The courts approve initiating the resolution process, appointing the insolvency professional, and giving nod to the final decision of creditors. Context: The Supreme Court recently upheld key provisions of the Insolvency and Bankruptcy Code, 2016 (IBC)
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Question 2 of 5
2. Question
With reference to ‘Radiative Cooling Paint’, consider the following statements
Statement 1 – It uses ultra-white and ultra-emissive magnesium oxide (MgO)-polyvinylidene fluoride (PVDF) nano-composite materials
Statement 2 – The processed paint demonstrates significant cooling capabilities with a high solar reflectivity and infrared thermal emissivity
Which one of the following is correct in respect of the above statements?
Correct
Solution(a)
- It uses ultra-white and ultra-emissive magnesium oxide (MgO)-polyvinylidene fluoride (PVDF) nano-composite prepared from materials that are earth abundant, cheap, non-toxic and non-harmful. The optimized MgO-PVDF with dielectric nanoparticles resulted in large solar reflectance of 96.3% and a record high thermal emission of 98.5% due to Mg─O bond vibrations, and other stretching/bonding vibrations from the polymer.
- The surface temperature of a treated paver decreases by approximately 10°C under intense sunlight– almost double of the reduction that conventional white paints give. This low-cost, solution-processed paint demonstrates significant cooling capabilities with a high solar reflectivity and infrared thermal emissivity.
Context – Researchers from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) have developed a radiative cooling paint, which is specifically engineered to cool structures like buildings, pavers, and tiles in hot weather conditions.
Incorrect
Solution(a)
- It uses ultra-white and ultra-emissive magnesium oxide (MgO)-polyvinylidene fluoride (PVDF) nano-composite prepared from materials that are earth abundant, cheap, non-toxic and non-harmful. The optimized MgO-PVDF with dielectric nanoparticles resulted in large solar reflectance of 96.3% and a record high thermal emission of 98.5% due to Mg─O bond vibrations, and other stretching/bonding vibrations from the polymer.
- The surface temperature of a treated paver decreases by approximately 10°C under intense sunlight– almost double of the reduction that conventional white paints give. This low-cost, solution-processed paint demonstrates significant cooling capabilities with a high solar reflectivity and infrared thermal emissivity.
Context – Researchers from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) have developed a radiative cooling paint, which is specifically engineered to cool structures like buildings, pavers, and tiles in hot weather conditions.
-
Question 3 of 5
3. Question
Consider the following statements with respect to ‘Electoral Bonds’
- A citizen of India or a body incorporated in India is eligible to purchase the bond.
- The bond can be encashed by any political party only through a designated bank account with the authorised bank
- Reserve Bank of India is the only bank authorised to sell these bonds
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect A citizen of India or a body incorporated in India is eligible to purchase the bond. EBs are issued/purchased for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1,00,000, Rs 10,00,000 and Rs 1,00,00,000 from the specified branches of the State Bank of India (SBI). EBs have a life of only 15 days during which it can be used for making donation only to the political parties registered under section 29A of the Representation of the Peoples Act, 1951. The party must have secured not less than one per cent of the votes polled in the last general election to the Lok Sabha or a State Legislative Assembly. State Bank of India is the only bank authorized to sell these bonds Context: The Supreme Court has reserved its judgment on the challenge to the Central government’s Electoral Bonds Scheme
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect A citizen of India or a body incorporated in India is eligible to purchase the bond. EBs are issued/purchased for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1,00,000, Rs 10,00,000 and Rs 1,00,00,000 from the specified branches of the State Bank of India (SBI). EBs have a life of only 15 days during which it can be used for making donation only to the political parties registered under section 29A of the Representation of the Peoples Act, 1951. The party must have secured not less than one per cent of the votes polled in the last general election to the Lok Sabha or a State Legislative Assembly. State Bank of India is the only bank authorized to sell these bonds Context: The Supreme Court has reserved its judgment on the challenge to the Central government’s Electoral Bonds Scheme
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Question 4 of 5
4. Question
‘India Finance Report’ was released recently by
Correct
Solution (c)
The first edition of the India Finance Report published by the Centre for Advanced Financial Research and Learning (CAFRAL), an independent body set up by the Reserve Bank of India, has taken stock of India’s non-bank financial companies sector — commonly called the shadow banking sector — and pointed out both the ongoing improvements and emerging risks.
Context – The first edition of the India Finance Report was published
Incorrect
Solution (c)
The first edition of the India Finance Report published by the Centre for Advanced Financial Research and Learning (CAFRAL), an independent body set up by the Reserve Bank of India, has taken stock of India’s non-bank financial companies sector — commonly called the shadow banking sector — and pointed out both the ongoing improvements and emerging risks.
Context – The first edition of the India Finance Report was published
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Question 5 of 5
5. Question
Consider the following statements about ‘Five-hundred Aperture Spherical Telescope (FAST)’
- It is the world’s largest and most sensitive radio telescope located in Chile
- It aims to join the International Very-Long-Baseline Interferometry Network to obtain hyperfine structures of celestial bodies
Choose the correct statement(s)
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct Five-hundred Aperture Spherical Telescope (FAST) is a radio telescope in China’s Guizhou Province. It is the world’s largest and most sensitive radio telescope, with a receiving area equivalent to 30 football fields. It measures 500 meters in diameter. Scientific Goals of the scheme are: · Detect neutral hydrogen at the edge of the universe; reconstruct the images of the early universe;
· Discover pulsars, establish a pulsar timing array, and participate in pulsar navigation and gravitational wave detection in the future;
· Join the International Very-Long-Baseline Interferometry Network to obtain hyperfine structures of celestial bodies;
Context: Recently the Union Finance Ministry launched the 4th phase of ‘Operation Sesha’ to curb the illegal trade of Timber, including Red Sanders.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct Five-hundred Aperture Spherical Telescope (FAST) is a radio telescope in China’s Guizhou Province. It is the world’s largest and most sensitive radio telescope, with a receiving area equivalent to 30 football fields. It measures 500 meters in diameter. Scientific Goals of the scheme are: · Detect neutral hydrogen at the edge of the universe; reconstruct the images of the early universe;
· Discover pulsars, establish a pulsar timing array, and participate in pulsar navigation and gravitational wave detection in the future;
· Join the International Very-Long-Baseline Interferometry Network to obtain hyperfine structures of celestial bodies;
Context: Recently the Union Finance Ministry launched the 4th phase of ‘Operation Sesha’ to curb the illegal trade of Timber, including Red Sanders.
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