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
- National Company Law Appellate Tribunal (NCLAT) and Serious Fraud Investigation Office are the statutory bodies established under Companies Act, 2013.
- NCLAT hears and disposes of appeals against the orders of the National Financial Reporting Authority and Competition Commission of India.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct NCLAT · It was established under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of the National Company Law Tribunal(s) (NCLT), with effect from 1st June 2016.
· The NCLAT was established to provide an efficient and specialized forum for addressing matters related to company law, insolvency, and competition law.
· Serious Fraud Investigation Office (SFIO), like the name suggests, is a fraud investigation agency set up to solve serious, complex frauds under the Companies Act, 2013. It is a statutory institution meant to resolve frauds in the central services and others.
Functions of NCLAT · Hear appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC).
· Hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI).
· It also hears and disposes of appeals against the orders of the National Financial Reporting Authority.
Context: Recently, the Supreme Court of India accepted the unconditional apology of a National Company Law Appellate Tribunal (NCLAT) member and dropped the contempt proceedings against him.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct NCLAT · It was established under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of the National Company Law Tribunal(s) (NCLT), with effect from 1st June 2016.
· The NCLAT was established to provide an efficient and specialized forum for addressing matters related to company law, insolvency, and competition law.
· Serious Fraud Investigation Office (SFIO), like the name suggests, is a fraud investigation agency set up to solve serious, complex frauds under the Companies Act, 2013. It is a statutory institution meant to resolve frauds in the central services and others.
Functions of NCLAT · Hear appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC).
· Hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI).
· It also hears and disposes of appeals against the orders of the National Financial Reporting Authority.
Context: Recently, the Supreme Court of India accepted the unconditional apology of a National Company Law Appellate Tribunal (NCLAT) member and dropped the contempt proceedings against him.
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Question 2 of 5
2. Question
Consider the following statements about Light Combat Helicopter (LCH) Prachand
- It is India’s first indigenous multi-role combat helicopter, developed by Hindustan Aeronautics Limited (HAL).
- The helicopter is fitted with Shakti Engine, which is co-developed by HAL and Defence Research and Development Organisation.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · It is India’s first indigenous multi-role combat helicopter, developed by Hindustan Aeronautics Limited (HAL). · It is designed to meet the needs of the Indian armed forces operating in deserts and mountainous areas.
Features
· It can fly at a maximum speed of 288 kmph and has a combat radius of 500 km, which can go up to a service ceiling of 21,000 feet.
· The helicopter can carry out activities such as Combat Search and Rescue (CSAR), Destruction of Enemy Air Defence (DEAD), operations against slow-moving aircraft and Remotely Piloted Aircraft (RPAs), high-altitude bunker busting operations, counter-insurgency operations in the jungle and urban environments and provide support to ground forces.
· The helicopter is fitted with Shakti Engine, which is co-developed by HAL and France’s Safran. · The helicopter received operational clearance in 2017.
· The helicopter will be equipped with Helina missiles, the air force version of which is called Dhruvastra.
· The Helina (HeliNa) missile is an anti-tank guided missile (ATGM) developed by India. The name “Helina” stands for “HELIcopter-launched NAg,” where “Nag” is another ATGM developed by India. Helina is designed to be launched from helicopters, making it a valuable asset for the Indian Armed Forces, particularly in their anti-tank warfare capabilities
Context: Recently, the Indian Army’s Light Combat Helicopter (LCH) Prachand successfully carried out inaugural firing of 70 mm rockets and 20 mm turret guns both by day and night.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · It is India’s first indigenous multi-role combat helicopter, developed by Hindustan Aeronautics Limited (HAL). · It is designed to meet the needs of the Indian armed forces operating in deserts and mountainous areas.
Features
· It can fly at a maximum speed of 288 kmph and has a combat radius of 500 km, which can go up to a service ceiling of 21,000 feet.
· The helicopter can carry out activities such as Combat Search and Rescue (CSAR), Destruction of Enemy Air Defence (DEAD), operations against slow-moving aircraft and Remotely Piloted Aircraft (RPAs), high-altitude bunker busting operations, counter-insurgency operations in the jungle and urban environments and provide support to ground forces.
· The helicopter is fitted with Shakti Engine, which is co-developed by HAL and France’s Safran. · The helicopter received operational clearance in 2017.
· The helicopter will be equipped with Helina missiles, the air force version of which is called Dhruvastra.
· The Helina (HeliNa) missile is an anti-tank guided missile (ATGM) developed by India. The name “Helina” stands for “HELIcopter-launched NAg,” where “Nag” is another ATGM developed by India. Helina is designed to be launched from helicopters, making it a valuable asset for the Indian Armed Forces, particularly in their anti-tank warfare capabilities
Context: Recently, the Indian Army’s Light Combat Helicopter (LCH) Prachand successfully carried out inaugural firing of 70 mm rockets and 20 mm turret guns both by day and night.
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Question 3 of 5
3. Question
Consider the following statements about Three Basins Summit, 2023
- The three basins include Amazon, Congo and Borneo-Mekong-Southeast Asia.
- The central vision of the Summit for the preservation and restoration of the planet’s three ecological lungs
- The three global ecosystems account for 80% of the world’s tropical forests and 2/3rd of the earth’s biodiversity.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The three basins include Amazon, Congo and Borneo-Mekong-Southeast Asia. · The Summit of the Three Basins, 2023 concluded with the declaration by the Heads of State and Government of the States.
· Three Basins Summit, 2023 was held at Brazzaville, capital of the Republic of Congo.
The 7 point declaration includes:
· Recognise the value of enhanced cooperation between the three basins.
· Recognise that sovereign management of biodiversity, forests and associated resources of the three basins is essential.
· Develop solutions together.
· Pool and capitalise on existing knowledge, experience, resources and achievements.
· Involve all states and national authorities, including indigenous peoples, youth, women, civil society, academia and the private sector.
· Encourage financial mobilisation and the development of traditional and innovative financing mechanisms.
· Establish a sustainable system of remuneration for the ecosystem services provided by the three basins.
· The central vision of the Summit for the preservation and restoration of the planet’s three ecological lungs. The objectives of the summit include:
· To promote scientific and technical cooperation, strengthen capacities and increase influence in multilateral forums for environmental advocacy.
· To establish effective global governance to manage environmental and climate challenges on a planetary scale.
· To develop a common strategy to stimulate investment projects aimed at combating climate change and preserving biodiversity.
· The three global ecosystems account for 80% of the world’s tropical forests and 2/3rd of the earth’s biodiversity. Context: Recently Brazzaville Summit of the Three Basins ended with a declaration that did not result in an Alliance of the three basins.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The three basins include Amazon, Congo and Borneo-Mekong-Southeast Asia. · The Summit of the Three Basins, 2023 concluded with the declaration by the Heads of State and Government of the States.
· Three Basins Summit, 2023 was held at Brazzaville, capital of the Republic of Congo.
The 7 point declaration includes:
· Recognise the value of enhanced cooperation between the three basins.
· Recognise that sovereign management of biodiversity, forests and associated resources of the three basins is essential.
· Develop solutions together.
· Pool and capitalise on existing knowledge, experience, resources and achievements.
· Involve all states and national authorities, including indigenous peoples, youth, women, civil society, academia and the private sector.
· Encourage financial mobilisation and the development of traditional and innovative financing mechanisms.
· Establish a sustainable system of remuneration for the ecosystem services provided by the three basins.
· The central vision of the Summit for the preservation and restoration of the planet’s three ecological lungs. The objectives of the summit include:
· To promote scientific and technical cooperation, strengthen capacities and increase influence in multilateral forums for environmental advocacy.
· To establish effective global governance to manage environmental and climate challenges on a planetary scale.
· To develop a common strategy to stimulate investment projects aimed at combating climate change and preserving biodiversity.
· The three global ecosystems account for 80% of the world’s tropical forests and 2/3rd of the earth’s biodiversity. Context: Recently Brazzaville Summit of the Three Basins ended with a declaration that did not result in an Alliance of the three basins.
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Question 4 of 5
4. Question
Consider the following statements about Operation Sesha
- Operation Sesha was launched in 2015 to bust organised syndicates of smugglers of precious woods.
- It is a joint initiative of Ministry of Earth Sciences and Wildlife Crime Control Bureau (WCCB).
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Operation Sesha was launched in 2015 to bust organised syndicates of smugglers of precious woods. · The name Sesha has been derived from Seshachalam forest in Andhra Pradesh, bordering Karnataka.
· Under this initiative, the directorate of revenue intelligence of Indian Customs works in collaboration with probe agencies of several other countries to curb illegal trade of timber.
· It is an initiative of Ministry of Finance · The Indian customs department will run the 4th phase of Operation Sesha in collaboration with WCO’s Regional Intelligence Liaison Offices (RILOs) in Asia-Pacific and Middle-East.
· Phase IV of ‘Operation Sesha’ aims to curb the illegal trade of Timber, including Red Sanders.
· The use of artificial intelligence could play a huge role in the 4th phase of the operation.
· World Customs Organization (WCO) was established in 1952 as the Customs Co-operation Council (CCC).
· It is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.
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 (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Operation Sesha was launched in 2015 to bust organised syndicates of smugglers of precious woods. · The name Sesha has been derived from Seshachalam forest in Andhra Pradesh, bordering Karnataka.
· Under this initiative, the directorate of revenue intelligence of Indian Customs works in collaboration with probe agencies of several other countries to curb illegal trade of timber.
· It is an initiative of Ministry of Finance · The Indian customs department will run the 4th phase of Operation Sesha in collaboration with WCO’s Regional Intelligence Liaison Offices (RILOs) in Asia-Pacific and Middle-East.
· Phase IV of ‘Operation Sesha’ aims to curb the illegal trade of Timber, including Red Sanders.
· The use of artificial intelligence could play a huge role in the 4th phase of the operation.
· World Customs Organization (WCO) was established in 1952 as the Customs Co-operation Council (CCC).
· It is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.
Context: Recently the Union Finance Ministry launched the 4th phase of ‘Operation Sesha’ to curb the illegal trade of Timber, including Red Sanders.
-
Question 5 of 5
5. Question
“Varaha”, recently seen in news is related to which of the following?
Correct
Solution (c)
Option c Correct · Varaha is ocean mining vehicle which is a part of Deep Ocean Mission which is also called as Samudrayaan Mission. · It is a self-propelled track-based seabed mining system and operates on the flexible riser technique.
· Flexible riser is a class of flexible pipes which is used to connect subsea pipelines to floating offshore installations.
· Varaha is lowered to the ocean bed from a surface ship using a high-strength flexible cord system.
· Once the vehicle reaches the ocean bed, it will be able to move around while the surface ship moves in tandem.
· It uses a high-power pressure pump system to facilitate the extraction of precious polymetallic nodules. These nodules are pumped from the ocean bed to the surface ship.
· Last year (2022) National Institute of Ocean Technology (NIOT) successfully conducted deep-sea locomotion trials of ‘Varaha’ at a depth of 5,270 m in the central Indian Ocean.
· Over a span of 2.5 hours, the surface ship covered a distance of 120 m with Varaha.
· This achievement marked the world’s deepest dive for an underwater mining machine.
Context: It was in news.
Incorrect
Solution (c)
Option c Correct · Varaha is ocean mining vehicle which is a part of Deep Ocean Mission which is also called as Samudrayaan Mission. · It is a self-propelled track-based seabed mining system and operates on the flexible riser technique.
· Flexible riser is a class of flexible pipes which is used to connect subsea pipelines to floating offshore installations.
· Varaha is lowered to the ocean bed from a surface ship using a high-strength flexible cord system.
· Once the vehicle reaches the ocean bed, it will be able to move around while the surface ship moves in tandem.
· It uses a high-power pressure pump system to facilitate the extraction of precious polymetallic nodules. These nodules are pumped from the ocean bed to the surface ship.
· Last year (2022) National Institute of Ocean Technology (NIOT) successfully conducted deep-sea locomotion trials of ‘Varaha’ at a depth of 5,270 m in the central Indian Ocean.
· Over a span of 2.5 hours, the surface ship covered a distance of 120 m with Varaha.
· This achievement marked the world’s deepest dive for an underwater mining machine.
Context: It was in news.
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