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 Climate Technology Centre and Network (CTCN)
- It is the operational arm of the UNFCCC Climate Change Technology Mechanism.
- CTCN is a demand-driven mechanism that aims to transfer environmentally sound technologies at the request of developing countries.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · It is the operational arm of the United Nations Framework Convention on Climate Change’s (UNFCCC) Climate Change Technology Mechanism. · It is hosted by UN Environment (UNEP) in collaboration with the United Nations Industrial Development Organization (UNIDO) and with the support of 11 independent organizations having expertise in climate technologies.
· It was established to accelerate the development and transfer of environmentally sound technologies for low-carbon and climate resilient development at the request of developing countries. · The CTCN provides technology solutions, capacity building, and advice on policy, legal, and regulatory frameworks tailored to the needs of individual countries by harnessing the expertise of a global network of technology companies and institutions.
· The CTCN is a demand-driven mechanism as its services are offered upon request by developing countries, and the volume and specific nature of activities ultimately depends on countries’ requirements and needs.
· The CTCN consists of two parts: a centre—a coordinating entity located in UN City Copenhagen—and a worldwide network of organizations that delivers CTCN services—both virtually and actually.
Context: The Climate Technology Centre and Network (CTCN) recently marked its 10-year anniversary.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Correct Correct · It is the operational arm of the United Nations Framework Convention on Climate Change’s (UNFCCC) Climate Change Technology Mechanism. · It is hosted by UN Environment (UNEP) in collaboration with the United Nations Industrial Development Organization (UNIDO) and with the support of 11 independent organizations having expertise in climate technologies.
· It was established to accelerate the development and transfer of environmentally sound technologies for low-carbon and climate resilient development at the request of developing countries. · The CTCN provides technology solutions, capacity building, and advice on policy, legal, and regulatory frameworks tailored to the needs of individual countries by harnessing the expertise of a global network of technology companies and institutions.
· The CTCN is a demand-driven mechanism as its services are offered upon request by developing countries, and the volume and specific nature of activities ultimately depends on countries’ requirements and needs.
· The CTCN consists of two parts: a centre—a coordinating entity located in UN City Copenhagen—and a worldwide network of organizations that delivers CTCN services—both virtually and actually.
Context: The Climate Technology Centre and Network (CTCN) recently marked its 10-year anniversary.
-
Question 2 of 5
2. Question
Consider the following statements about Alagar Temple
- The Alagar Temple situated at the foothills of Alagar hills in the state of Tamil Nadu is dedicated to Buddha.
- Alagar Temple is mentioned the in great epic Silappathikaram.
- The kalyan mandapam of the temple showcases Nayaka art.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · It is also known with the name of Azhagar Kovil is one of the prominent temples situated at the foothills of Alagar hills in the state of Tamil Nadu. · It is dedicated to Lord Vishnu and is known for its intricate sculpting and mandapams.
· It was mentioned in epics such as Silappathikaram. · Alvars like Thirumangai Alvar, Peri Alvar, Nammalvar, Bhoothathalvar, Peyalwar, Andal have also mentioned the glorious history of the shrine in their songs.
· There are also inscriptions dating back to King Ashoka rule. It is said that great Jain monk Ajjanandi had resided here along with his disciples.
· This temple has a prominent place during the Pandyan reign. · It was during the rule of King Jatavarman Sundara Pandyan (1251-1270 A.D) vimana of the temple’s sanctum sanctorum was beautified with gold plates.
· The massive tower which is seen at the entrance of the temple was also built during the reign of Pandyan kingdom.
· King Thirumalai Naickar of Nayaka dynasty also added many artistic features to this temple during his reign.
· The kalyan mandapam of the temple, especially showcases Nayaka art.
· The Nayaka paintings depict episodes from the Mahabharata and the Ramayana and also scenes from Krishna-Leela. The Nayaks marks the golden period of Madurai when art, architecture, and learning flourished expansively.
Context: The procession of lord Kallalagar from Alagar hills entered Vaigai river as part of Chithirai festival in Madurai.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · It is also known with the name of Azhagar Kovil is one of the prominent temples situated at the foothills of Alagar hills in the state of Tamil Nadu. · It is dedicated to Lord Vishnu and is known for its intricate sculpting and mandapams.
· It was mentioned in epics such as Silappathikaram. · Alvars like Thirumangai Alvar, Peri Alvar, Nammalvar, Bhoothathalvar, Peyalwar, Andal have also mentioned the glorious history of the shrine in their songs.
· There are also inscriptions dating back to King Ashoka rule. It is said that great Jain monk Ajjanandi had resided here along with his disciples.
· This temple has a prominent place during the Pandyan reign. · It was during the rule of King Jatavarman Sundara Pandyan (1251-1270 A.D) vimana of the temple’s sanctum sanctorum was beautified with gold plates.
· The massive tower which is seen at the entrance of the temple was also built during the reign of Pandyan kingdom.
· King Thirumalai Naickar of Nayaka dynasty also added many artistic features to this temple during his reign.
· The kalyan mandapam of the temple, especially showcases Nayaka art.
· The Nayaka paintings depict episodes from the Mahabharata and the Ramayana and also scenes from Krishna-Leela. The Nayaks marks the golden period of Madurai when art, architecture, and learning flourished expansively.
Context: The procession of lord Kallalagar from Alagar hills entered Vaigai river as part of Chithirai festival in Madurai.
-
Question 3 of 5
3. Question
Consider the following statements about Asset Reconstruction Companies (ARCs)
- ARCs are specialized financial institution that regulated under The Banking Regulation Act, 1949.
- ARCs purchases the bad debts of a bank at a mutually agreed value and attempts to recover those debts or associated securities by itself.
- All the rights previously held by the lender (the bank) in regard to the debt are transferred to the ARC.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · ARCs are registered under the RBI and regulated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002). · They function under the supervision and control of the RBI.
· An ARC is a specialized financial institution that purchases the bad debts of a bank at a mutually agreed value and attempts to recover those debts or associated securities by itself. · As per the RBI, ARC performs the functions namely Acquisition of financial assets, Change or takeover of Management or Sale or Lease of Business of the Borrower, Rescheduling of Debts, Enforcement of Security Interest and Settlement of dues payable by the borrower.
· ARCs take over a portion of the bank’s debts, which qualify as Non-Performing Assets (NPAs). Therefore, ARCs are involved in the business of asset reconstruction, securitisation, or both. · All the rights previously held by the lender (the bank) in regard to the debt are transferred to the ARC. The required funds to purchase such debts can be raised from Qualified Buyers.
· Qualified Buyers include Financial Institutions, Insurance companies, Banks, State Financial Corporations, State Industrial Development Corporations, trustee or ARCs registered under SARFAESI and Asset Management Companies registered under SEBI that invest on behalf of mutual funds, pension funds, FIIs, etc.
· The Qualified Buyers are the only persons from whom the ARC can raise funds.
Context: The Reserve Bank of India (RBI) recently released a master direction for asset reconstruction companies (ARCs).
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · ARCs are registered under the RBI and regulated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002). · They function under the supervision and control of the RBI.
· An ARC is a specialized financial institution that purchases the bad debts of a bank at a mutually agreed value and attempts to recover those debts or associated securities by itself. · As per the RBI, ARC performs the functions namely Acquisition of financial assets, Change or takeover of Management or Sale or Lease of Business of the Borrower, Rescheduling of Debts, Enforcement of Security Interest and Settlement of dues payable by the borrower.
· ARCs take over a portion of the bank’s debts, which qualify as Non-Performing Assets (NPAs). Therefore, ARCs are involved in the business of asset reconstruction, securitisation, or both. · All the rights previously held by the lender (the bank) in regard to the debt are transferred to the ARC. The required funds to purchase such debts can be raised from Qualified Buyers.
· Qualified Buyers include Financial Institutions, Insurance companies, Banks, State Financial Corporations, State Industrial Development Corporations, trustee or ARCs registered under SARFAESI and Asset Management Companies registered under SEBI that invest on behalf of mutual funds, pension funds, FIIs, etc.
· The Qualified Buyers are the only persons from whom the ARC can raise funds.
Context: The Reserve Bank of India (RBI) recently released a master direction for asset reconstruction companies (ARCs).
-
Question 4 of 5
4. Question
Consider the following statements about Global Alliance of National Human Rights Institutions (GANHRI)
- It is the non-UN body whose internal accreditation system is based on compliance with the 1993 Paris Principles.
- India’s National Human Rights Commission has been granted “B” status by GANHRI.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect Global Alliance of National Human Rights Institutions · Launch year- In 1993 at Tunis, Tunisia as the International Coordinating Committee of National Human Rights Institutions, it later got changed to GANHRI in 2016.
· Headquarters- Geneva, Switzerland.
· Vision- A world where everyone and everywhere fully enjoy their human rights.
· Tripartite partnership- GANHRI-UNDP-OHCHR (Office of the United Nations High Commissioner for Human Rights) aims to strengthen NHRIs in their capacity to promote and protect human rights, individually and through their regional and global networks resulting in increased fulfilment of human rights for all people.
· Members- 115 National Human Rights Institutions (NHRIs) from all regions of the globe and provides leadership and support in the promotion and protection of human rights.
· Unique- It is the only non-UN body whose internal accreditation system is based on compliance with the 1993 Paris Principles that grants access to UN committees.
· Paris Principles, 1993- It is the set of international standards which frame and guide the work of NHRIs, it was adopted by UN General Assembly (UNGA).
· Rating- The rating is based on the subcommittee consisting of one A status NHRI representative from each of the regional networks. · Sub-Committee on Accreditation- It is a peer review process for initial accreditation, and re-accreditation every five years is managed by the subcommittee.
· A status- It is granted to NHRIs that are in full compliance with the Paris Principle, they are entitled to vote or hold office in the GANHRI or its regional groups.
· B status- It is given to NHRIs that partially comply with the Paris Principles. Institutions with B status can participate in GANHRI meetings but are unable to vote or hold governance positions
· India- National Human Rights Commission has been granted “A” status by GANHRI.
Context: India being accredited in 1999 had retained its A ranking in 2006 and 2011, while its status was deferred in 2016 and restored after a year
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect Global Alliance of National Human Rights Institutions · Launch year- In 1993 at Tunis, Tunisia as the International Coordinating Committee of National Human Rights Institutions, it later got changed to GANHRI in 2016.
· Headquarters- Geneva, Switzerland.
· Vision- A world where everyone and everywhere fully enjoy their human rights.
· Tripartite partnership- GANHRI-UNDP-OHCHR (Office of the United Nations High Commissioner for Human Rights) aims to strengthen NHRIs in their capacity to promote and protect human rights, individually and through their regional and global networks resulting in increased fulfilment of human rights for all people.
· Members- 115 National Human Rights Institutions (NHRIs) from all regions of the globe and provides leadership and support in the promotion and protection of human rights.
· Unique- It is the only non-UN body whose internal accreditation system is based on compliance with the 1993 Paris Principles that grants access to UN committees.
· Paris Principles, 1993- It is the set of international standards which frame and guide the work of NHRIs, it was adopted by UN General Assembly (UNGA).
· Rating- The rating is based on the subcommittee consisting of one A status NHRI representative from each of the regional networks. · Sub-Committee on Accreditation- It is a peer review process for initial accreditation, and re-accreditation every five years is managed by the subcommittee.
· A status- It is granted to NHRIs that are in full compliance with the Paris Principle, they are entitled to vote or hold office in the GANHRI or its regional groups.
· B status- It is given to NHRIs that partially comply with the Paris Principles. Institutions with B status can participate in GANHRI meetings but are unable to vote or hold governance positions
· India- National Human Rights Commission has been granted “A” status by GANHRI.
Context: India being accredited in 1999 had retained its A ranking in 2006 and 2011, while its status was deferred in 2016 and restored after a year
-
Question 5 of 5
5. Question
“REACH” a comprehensive framework to ensure the safe use of chemicals is implemented by which of the following?
Correct
Solution (a)
Option a Correct REACH · Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) is a comprehensive regulatory framework.
· Implemented by- European Union (EU)
· Aim- To ensure the safe use of chemicals and to protect human health and the environment.
· Evaluation- Companies must register chemicals with the European Chemicals Agency (ECHA), which assess the information and the substances of very high concern may require authorization for use.
· Restriction- EU may restrict or phase out chemicals that pose significant risks.
Context: It was in news.
Incorrect
Solution (a)
Option a Correct REACH · Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) is a comprehensive regulatory framework.
· Implemented by- European Union (EU)
· Aim- To ensure the safe use of chemicals and to protect human health and the environment.
· Evaluation- Companies must register chemicals with the European Chemicals Agency (ECHA), which assess the information and the substances of very high concern may require authorization for use.
· Restriction- EU may restrict or phase out chemicals that pose significant risks.
Context: It was in news.
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