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 ‘Electoral Bonds’
- They serve as a mechanism for allowing citizens to contribute to political parties without disclosing their identity.
- They can only be purchased by individuals, and corporate entities are excluded from participating in this funding mechanism.
- Supreme Court strikes down electoral bonds scheme: ‘unconstitutional’ violative of Article 14 and Article 19(1)(a).
Select the correct statement(s)
Correct
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The bonds are similar to bank notes that are payable to the bearer on demand and are free of interest. These bonds are sold in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore.
They can be purchased through a KYC-compliant account to make donations to a political party.
EBs have a life of only 15 days during which it can be used for making donations to political parties.
The name and other information of the donor are not entered on the instrument and thus electoral bonds are said to be anonymous.
Electoral bonds are interest-free bearer bonds or money instruments that can be purchased by companies and individuals in India from authorized branches of the State Bank of India (SBI). The bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, struck down a set of amendments. “The Electoral Bond Scheme, the proviso to Section 29C(1) of the Representation of the People Act, 1951 (as amended by Section 137 of the Finance Act 2017); Section 182(3) of the Companies Act (as amended by Section 154 of the Finance Act 2017); and Section 13A(b) (of the Income Tax Act) (as amended by Section 11 of the Finance Act 2017) are violative of Article 19(1)(a) and unconstitutional,” the bench said.
It held that “the deletion of the proviso to Section 182(1) of the Companies Act, permitting unlimited corporate funding to political parties is arbitrary and violative of Article 14”.
Context: Supreme Court strikes down electoral bonds scheme: ‘unconstitutional’, ‘arbitrary.
Incorrect
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct The bonds are similar to bank notes that are payable to the bearer on demand and are free of interest. These bonds are sold in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore.
They can be purchased through a KYC-compliant account to make donations to a political party.
EBs have a life of only 15 days during which it can be used for making donations to political parties.
The name and other information of the donor are not entered on the instrument and thus electoral bonds are said to be anonymous.
Electoral bonds are interest-free bearer bonds or money instruments that can be purchased by companies and individuals in India from authorized branches of the State Bank of India (SBI). The bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, struck down a set of amendments. “The Electoral Bond Scheme, the proviso to Section 29C(1) of the Representation of the People Act, 1951 (as amended by Section 137 of the Finance Act 2017); Section 182(3) of the Companies Act (as amended by Section 154 of the Finance Act 2017); and Section 13A(b) (of the Income Tax Act) (as amended by Section 11 of the Finance Act 2017) are violative of Article 19(1)(a) and unconstitutional,” the bench said.
It held that “the deletion of the proviso to Section 182(1) of the Companies Act, permitting unlimited corporate funding to political parties is arbitrary and violative of Article 14”.
Context: Supreme Court strikes down electoral bonds scheme: ‘unconstitutional’, ‘arbitrary.
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Question 2 of 5
2. Question
With reference to ‘Atlantic Meridional Overturning Circulation (AMOC)’, consider the following statements:
Statement 1: AMOC is a large-scale ocean circulation system that plays a crucial role in redistributing heat around the Earth.
Statement 2: A weakening or slowdown of the AMOC has been linked to potential changes in regional and global climate patterns.
Which one of the following is correct in respect to the above statements?
Correct
Solution (a)
Statement Analysis:
Statement 1: This statement is correct. The Atlantic Meridional Overturning Circulation (AMOC) is a major component of the global ocean circulation system. It involves the movement of warm surface waters from the tropics to the North Atlantic, where they release heat to the atmosphere, and then the cold, dense water sinks and flows southward in the deep ocean.
Statement 2: This statement is also correct. A weakening or slowdown of the AMOC has been observed and is linked to potential changes in regional and global climate patterns. A weaker AMOC can affect the distribution of heat around the Earth, impacting weather patterns, sea level, and marine ecosystems.
Explanation for the Option (a):
Statement 1 is accurate in describing the role of AMOC in redistributing heat, and Statement 2 provides a correct explanation by connecting the potential consequences of a weakening AMOC to changes in climate patterns. Therefore, option (a) is the correct choice.
Context: Recent studies show that the AMOC could collapse between 2025 and 2095 due to the impact of anthropogenic emissions.
Incorrect
Solution (a)
Statement Analysis:
Statement 1: This statement is correct. The Atlantic Meridional Overturning Circulation (AMOC) is a major component of the global ocean circulation system. It involves the movement of warm surface waters from the tropics to the North Atlantic, where they release heat to the atmosphere, and then the cold, dense water sinks and flows southward in the deep ocean.
Statement 2: This statement is also correct. A weakening or slowdown of the AMOC has been observed and is linked to potential changes in regional and global climate patterns. A weaker AMOC can affect the distribution of heat around the Earth, impacting weather patterns, sea level, and marine ecosystems.
Explanation for the Option (a):
Statement 1 is accurate in describing the role of AMOC in redistributing heat, and Statement 2 provides a correct explanation by connecting the potential consequences of a weakening AMOC to changes in climate patterns. Therefore, option (a) is the correct choice.
Context: Recent studies show that the AMOC could collapse between 2025 and 2095 due to the impact of anthropogenic emissions.
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Question 3 of 5
3. Question
With reference to “World Government Summit (WGS)’’ consider the following statements
- It is an annual global gathering that brings together world leaders, policymakers, experts to discuss and address pressing global issues.
- The theme for this year is “Shaping Future Governments”.
Select the INCORRECT statement(s)
Correct
Solution (d)
Statement 1 Statement 2 Correct Correct It is an annual global gathering that brings together world leaders, policymakers, experts, and thought leaders from various fields to discuss and address pressing global issues. It was established in 2013 under the leadership of the Vice President and Prime Minister of the UAE.
It is annually held in Dubai, UAE.
Theme: “Shaping Future Governments” It will focus on six main themes:
· Government Acceleration and Transformation
· Artificial Intelligence and The Next Frontiers
· Reimagining Development and Future Economies
· Future Societies and Education
· Sustainability and The New Global Shifts
· Urbanization and Global Health Priorities
Context: Prime Minister Modi recently attended World Government Summit (WGS) in UAE.
Incorrect
Solution (d)
Statement 1 Statement 2 Correct Correct It is an annual global gathering that brings together world leaders, policymakers, experts, and thought leaders from various fields to discuss and address pressing global issues. It was established in 2013 under the leadership of the Vice President and Prime Minister of the UAE.
It is annually held in Dubai, UAE.
Theme: “Shaping Future Governments” It will focus on six main themes:
· Government Acceleration and Transformation
· Artificial Intelligence and The Next Frontiers
· Reimagining Development and Future Economies
· Future Societies and Education
· Sustainability and The New Global Shifts
· Urbanization and Global Health Priorities
Context: Prime Minister Modi recently attended World Government Summit (WGS) in UAE.
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Question 4 of 5
4. Question
‘e-Jagriti Portal’ which was recently in news is an initiative of
Correct
Solution (d)
About e-Jagriti Portal
- It is an initiative of the Department of Consumer Affairs, Ministry of Consumer Affairs, Food, and Public Distribution.
- It is a portal for consumer commissions.
- This portal has been designed to further improve the customer experience.
- It provides a simple, fast, and more cost-effective consumer dispute redressal software solution at all levels.
- It is envisaged to integrate consumer grievance platforms, namely, Online Case Monitoring System (OCMS), E-Daakhil, the National Consumer Dispute Redressal Commission (NCDRC) Case Monitoring System, CONFONET website, mediation application, on a single platform.
- The e-Jagriti platform has case filing, online fee payment, case monitoring modules for seamless disposal of cases by all the Commissions, has Smart search facility on archived consumer complaints / cases / judgements using AI technology for metadata and keyword creation, and Voice-to-text conversion of judgements, case history and other details using AI / ML technology.
- The portal will integrate Virtual court facility for a convenient and accessible resolution of consumer complaints, reducing the time of disposal, multiple hearings, and physical court appearances, bringing effective and fast decisions & disposals in all Consumer Commissions.
Context Consumer Affairs Secretary recently asserted that integration of artificial intelligence in ‘e-Jagriti’ portal will help reduce the number of pending cases in consumer courts.
Incorrect
Solution (d)
About e-Jagriti Portal
- It is an initiative of the Department of Consumer Affairs, Ministry of Consumer Affairs, Food, and Public Distribution.
- It is a portal for consumer commissions.
- This portal has been designed to further improve the customer experience.
- It provides a simple, fast, and more cost-effective consumer dispute redressal software solution at all levels.
- It is envisaged to integrate consumer grievance platforms, namely, Online Case Monitoring System (OCMS), E-Daakhil, the National Consumer Dispute Redressal Commission (NCDRC) Case Monitoring System, CONFONET website, mediation application, on a single platform.
- The e-Jagriti platform has case filing, online fee payment, case monitoring modules for seamless disposal of cases by all the Commissions, has Smart search facility on archived consumer complaints / cases / judgements using AI technology for metadata and keyword creation, and Voice-to-text conversion of judgements, case history and other details using AI / ML technology.
- The portal will integrate Virtual court facility for a convenient and accessible resolution of consumer complaints, reducing the time of disposal, multiple hearings, and physical court appearances, bringing effective and fast decisions & disposals in all Consumer Commissions.
Context Consumer Affairs Secretary recently asserted that integration of artificial intelligence in ‘e-Jagriti’ portal will help reduce the number of pending cases in consumer courts.
-
Question 5 of 5
5. Question
With reference to ‘PM Surya Ghar Muft Bijli Yojana’ consider the following statements
- It is a rooftop solar scheme, where the central government will provide up to 300 units of free electricity per month.
- The beneficiaries of this scheme will have ‘zero’ electricity bill from the day of installation of rooftop solar panel.
- The surplus energy can be sold to DISCOM companies.
How many statement(s) given above are correct
Correct
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct It is a rooftop solar scheme, where the central government will provide up to 300 units of free electricity per month to its beneficiaries by investing worth ₹75,000 crores. The free electricity scheme was earlier announced by the Finance Minister in an interim budget speech.
The Central Government will guarantee no financial burden on the people by providing significant subsidies directly to their bank accounts and offering highly concessional bank loans. Savings up to fifteen to eighteen thousand rupees annually for households from free solar electricity and selling the surplus to the distribution companies; Context: The free electricity scheme was announced by the Finance Minister in an interim budget speech.
Incorrect
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct It is a rooftop solar scheme, where the central government will provide up to 300 units of free electricity per month to its beneficiaries by investing worth ₹75,000 crores. The free electricity scheme was earlier announced by the Finance Minister in an interim budget speech.
The Central Government will guarantee no financial burden on the people by providing significant subsidies directly to their bank accounts and offering highly concessional bank loans. Savings up to fifteen to eighteen thousand rupees annually for households from free solar electricity and selling the surplus to the distribution companies; Context: The free electricity scheme was announced by the Finance Minister in an interim budget speech.
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