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 RAMP Programme
- It is an initiative of MSME ministry which is assisted by the World Bank.
- The objective of the program is to improve access to market and credit for MSMEs
- The National MSME Council has been set up to work as an administrative and functional body of the RAMP Programme.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The Raising & Accelerating MSME Performance (RAMP) programme is assisted by the World Bank. · It aims to improve the performance of micro, small, and medium enterprises (MSMEs) in India.
· It was launched in 2022.
Objectives · Improving access to market and credit for MSMEs
· Strengthening institutions and governance at the central and state levels
· Improving center-state linkages and partnerships
· Addressing issues of delayed payments
· Greening of MSMEs
· The National MSME Council has been set up by the Ministry to work as an administrative and functional body of the RAMP Programme. Sub schemes under RAMP
· MSME GIFT Scheme
· MSE SPICE Scheme
· MSE ODR Scheme
Context: Recently, the union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · The Raising & Accelerating MSME Performance (RAMP) programme is assisted by the World Bank. · It aims to improve the performance of micro, small, and medium enterprises (MSMEs) in India.
· It was launched in 2022.
Objectives · Improving access to market and credit for MSMEs
· Strengthening institutions and governance at the central and state levels
· Improving center-state linkages and partnerships
· Addressing issues of delayed payments
· Greening of MSMEs
· The National MSME Council has been set up by the Ministry to work as an administrative and functional body of the RAMP Programme. Sub schemes under RAMP
· MSME GIFT Scheme
· MSE SPICE Scheme
· MSE ODR Scheme
Context: Recently, the union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme.
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Question 2 of 5
2. Question
Consider the following statements about Sahitya Akademi
- The Sahitya Akademi award is the second-highest literary honour by the Government of India, after the Jnanpith award.
- The awards are presented only to literary works in the languages mentioned in the Eighth Schedule of the Indian Constitution.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Sahitya Akademi award established in 1954, is a literary honour that is conferred annually by Sahitya Akademi, India’s National Academy of letters. · Akademi gives 24 awards annually to literary works in the languages it has recognized and an equal number of awards to literary translations from and into the languages of India.
· The Sahitya Akademi award is the second-highest literary honour by the Government of India, after the Jnanpith award.
· Besides the 22 languages enumerated in the Constitution of India, the Sahitya Akademi has recognised English and Rajasthani as languages in which its programme may be implemented. · The award, in the form of a casket containing an engraved copper-plaque, a shawl and 1,00,000 rupees will be presented.
Context: Recently, Tamil author Rajasekaran (Devibharathi), Telugu writer T. Patanjali Sastry and Malayalam litterateur E.V. Ramakrishnan was among those named for the Sahitya Akademi Awards for the year 2023.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect · Sahitya Akademi award established in 1954, is a literary honour that is conferred annually by Sahitya Akademi, India’s National Academy of letters. · Akademi gives 24 awards annually to literary works in the languages it has recognized and an equal number of awards to literary translations from and into the languages of India.
· The Sahitya Akademi award is the second-highest literary honour by the Government of India, after the Jnanpith award.
· Besides the 22 languages enumerated in the Constitution of India, the Sahitya Akademi has recognised English and Rajasthani as languages in which its programme may be implemented. · The award, in the form of a casket containing an engraved copper-plaque, a shawl and 1,00,000 rupees will be presented.
Context: Recently, Tamil author Rajasekaran (Devibharathi), Telugu writer T. Patanjali Sastry and Malayalam litterateur E.V. Ramakrishnan was among those named for the Sahitya Akademi Awards for the year 2023.
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Question 3 of 5
3. Question
Consider the following statements about Bhoomi Rashi Portal
- It is an e-Governance initiative of the Ministry of Agriculture and Farmers Welfare.
- It is a scheme for mapping the land parcels in rural inhabited areas using drone technology.
Choose the correct statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect · It is an e-Governance initiative of the Ministry of Road Transport and Highways. · It acts as a single-point platform for the online processing of land acquisition notifications to accelerate highway infrastructure development projects in India.
· The portal has been integrated with the Public Financial Management System (PFMS) of the Ministry of Finance for depositing compensation in the accounts of affected/ interested persons on a real-time basis.
· The portal intends to expedite the process of land acquisition for National Highways. · This portal would enhance the efficiency of the land acquisition process, ensure transparency and accountability, and result in the e-transfer of benefits directly to the accounts of the beneficiaries.
Context: The Union Minister of Road Transport and Highways recently said 1467 projects of the National Highways Authority of India (NHAI) have been brought under the Bhoomi Rashi Portal.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect · It is an e-Governance initiative of the Ministry of Road Transport and Highways. · It acts as a single-point platform for the online processing of land acquisition notifications to accelerate highway infrastructure development projects in India.
· The portal has been integrated with the Public Financial Management System (PFMS) of the Ministry of Finance for depositing compensation in the accounts of affected/ interested persons on a real-time basis.
· The portal intends to expedite the process of land acquisition for National Highways. · This portal would enhance the efficiency of the land acquisition process, ensure transparency and accountability, and result in the e-transfer of benefits directly to the accounts of the beneficiaries.
Context: The Union Minister of Road Transport and Highways recently said 1467 projects of the National Highways Authority of India (NHAI) have been brought under the Bhoomi Rashi Portal.
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Question 4 of 5
4. Question
Consider the following statements about Public Accounts Committee
- The committee was set up first in 1921 under the provisions of the Government of India Act of 1919.
- All the 30 members of the committee are from Lok Sabha only.
- It examines the annual audit reports of the Comptroller and Auditor General of India (CAG), which are laid before the Parliament by the President.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct · The committee was set up first in 1921 under the provisions of the Government of India Act of 1919. · The members are elected by the Parliament every year from amongst its members according to the principle of proportional representation by means of the single transferable vote.
· It consists of 22 members, 15 from the Lok Sabha and 7 from the Rajya Sabha. · A minister cannot be elected as a member of the committee. The term of office of the members is one year.
· The function of the committee is to examine the annual audit reports of the Comptroller and Auditor General of India (CAG), which are laid before the Parliament by the President. Context: The Public Accounts Committee (PAC) in its 78th Report, raised concerns regarding failure of Agricultural Insurance Company of India Ltd (AIC) to comply with the guidelines under National Agricultural Insurance Scheme (NAIS).
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct · The committee was set up first in 1921 under the provisions of the Government of India Act of 1919. · The members are elected by the Parliament every year from amongst its members according to the principle of proportional representation by means of the single transferable vote.
· It consists of 22 members, 15 from the Lok Sabha and 7 from the Rajya Sabha. · A minister cannot be elected as a member of the committee. The term of office of the members is one year.
· The function of the committee is to examine the annual audit reports of the Comptroller and Auditor General of India (CAG), which are laid before the Parliament by the President. Context: The Public Accounts Committee (PAC) in its 78th Report, raised concerns regarding failure of Agricultural Insurance Company of India Ltd (AIC) to comply with the guidelines under National Agricultural Insurance Scheme (NAIS).
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Question 5 of 5
5. Question
Which of the following statement about Securities Appellate Tribunal (SAT) is not correct?
Correct
Solution (d)
Option d Correct · It is formed as a statutory and autonomous body as per the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992. The SAT hears appeals against the following orders:
· Orders issued by the Insurance Regulatory and Development Authority of India (IRDAI) in relation to cases filed before it.
· Orders issued by the Pension Fund Regulatory and Development Authority (PFRDA) in relation to cases filed before it.
· Hear the orders passed by SEBI.
Composition: SAT consists of one Presiding Officer and such number of Judicial and Technical members as the Central Government may determine.
The person so appointed as the presiding Officer should meet the following requirements:
· The retired or sitting judge of the Supreme Court
· Chief Justice of the High Court
· Judge of the High Court, who has completed at least seven years of service as a judge in a high court.
· Judicial Member: Judge of the High Court for at least five years of service
SAT has the same powers as vested in a civil court under the code of civil procedure while trying a suit.
Context: The Securities Appellate Tribunal (SAT) recently quashed a SEBI order banning Future Retail chairperson and some other promoters from the securities market for one year in an insider trading case.
Incorrect
Solution (d)
Option d Correct · It is formed as a statutory and autonomous body as per the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992. The SAT hears appeals against the following orders:
· Orders issued by the Insurance Regulatory and Development Authority of India (IRDAI) in relation to cases filed before it.
· Orders issued by the Pension Fund Regulatory and Development Authority (PFRDA) in relation to cases filed before it.
· Hear the orders passed by SEBI.
Composition: SAT consists of one Presiding Officer and such number of Judicial and Technical members as the Central Government may determine.
The person so appointed as the presiding Officer should meet the following requirements:
· The retired or sitting judge of the Supreme Court
· Chief Justice of the High Court
· Judge of the High Court, who has completed at least seven years of service as a judge in a high court.
· Judicial Member: Judge of the High Court for at least five years of service
SAT has the same powers as vested in a civil court under the code of civil procedure while trying a suit.
Context: The Securities Appellate Tribunal (SAT) recently quashed a SEBI order banning Future Retail chairperson and some other promoters from the securities market for one year in an insider trading case.
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