UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 19th July 2024

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 National Bank for Financing Infrastructure and Development

It is a specialized Development Finance Institution set up by an Act of the Parliament.
It is regulated and supervised by RBI as an All-India Financial Institution (AIFI).

Choose the correct statements:

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Correct

Solution (c)

Statement Analysis

Statement 1

Statement 2

Correct

· It was set up in 2021, by an Act of the Parliament (The National Bank for Financing Infrastructure and Development Act, 2021).

· It is a specialized Development Finance Institution in India.

· Objectives: Addressing the gaps in long-term non-recourse finance for infrastructure development, strengthening the development of bonds and derivatives markets in India, and sustainably boosting the country’s economy.

· Regulated by: It shall be regulated and supervised by RBI as an All-India Financial Institution (AIFI).

· The principal idea behind the setup of NaBFID is to provide a dedicated and specialized institution focused on addressing the long-term financing needs of the infrastructure sector in India.

Context: The government wants to increase the capital base of the National Bank for Financing Infrastructure and Development, or NaBFID, to 1 trillion through support from banks.

Incorrect

Solution (c)

Statement Analysis

Statement 1

Statement 2

Correct

· It was set up in 2021, by an Act of the Parliament (The National Bank for Financing Infrastructure and Development Act, 2021).

· It is a specialized Development Finance Institution in India.

· Regulated by: It shall be regulated and supervised by RBI as an All-India Financial Institution (AIFI).

· The principal idea behind the setup of NaBFID is to provide a dedicated and specialized institution focused on addressing the long-term financing needs of the infrastructure sector in India.

Context: The government wants to increase the capital base of the National Bank for Financing Infrastructure and Development, or NaBFID, to 1 trillion through support from banks.

Question 2 of 5

2. Question

Consider the following statements about Coalition of Epidemic Preparedness Innovation

It was launched in 2017 as an innovative partnership between public, private, philanthropic and civil organisations.
It was founded by governments of Norway, India and GAVI Alliance.
Recently Ministry of Health and Family Welfare launched Asia’s first health research-related “Pre-clinical Network Facility” under the CEPI.

How many of the statements given above are correct?

a) Only one
b) Only two
c) All three
d) None

Correct

Solution (a)

Statement Analysis

Statement 1

Statement 2

Statement 3

Correct

Incorrect

· It was launched in 2017 as an innovative partnership between public, private, philanthropic and civil organisations.

· Mission: Its mission is to accelerate the development of vaccines and other biologic countermeasures against epidemic and pandemic threats so they can be accessible to all people in need.

· It was founded in Davos (Switzerland) by the governments of Norway and India, the Bill & Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum.

· CEPI has supported the development of more than 50 vaccine candidates or platform technologies against multiple known high-risk pathogens or a future Disease X.

· Central to CEPI’s pandemic-beating five-year plan for 2022-2026 is the ‘100 Days Mission’ to compress the time taken to develop safe, effective, globally accessible vaccines against new threats to just 100 days.

India- CEPI

· The Department of Biotechnology, Ministry of Science and Technology, Government of India is supporting the implementation of the Ind-CEPI Mission, “Epidemic preparedness through rapid vaccine development: Support of Indian vaccine development.

· It is done through a dedicated Program Management Unit (PMU) at Biotechnology Industry Research Assistance Council (BIRAC).

· Recently, union Minister for the Ministry of Science & Technology inaugurated Asia’s first health research-related “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) in Faridabad.

Context: Recently, union Minister for the Ministry of Science & Technology inaugurated Asia’s first health research-related “Pre-clinical Network Facility” under the Coalition of Epidemic Preparedness Innovations (CEPI) in Faridabad

Incorrect

Solution (a)

Statement Analysis

Statement 1

Statement 2

Statement 3

Correct

Incorrect

· It was launched in 2017 as an innovative partnership between public, private, philanthropic and civil organisations.

· Mission: Its mission is to accelerate the development of vaccines and other biologic countermeasures against epidemic and pandemic threats so they can be accessible to all people in need.

· It was founded in Davos (Switzerland) by the governments of Norway and India, the Bill & Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum.

· CEPI has supported the development of more than 50 vaccine candidates or platform technologies against multiple known high-risk pathogens or a future Disease X.

India- CEPI

· It is done through a dedicated Program Management Unit (PMU) at Biotechnology Industry Research Assistance Council (BIRAC).

Question 3 of 5

3. Question

Consider the following statements about e-mobility R&D Roadmap for India

It is launched by the Office of the Principal Scientific Advisor (PSA) to the Government of India.
It is prepared by the Automative Research Association of India.
Energy Storage Cells and Materials and recycling are categorised as two of the four important areas under the road map.

How many of the statements given above are correct?

a) Only one
b) Only two
c) All three
d) None

Correct

Solution (c)

Statement Analysis

Statement 1

Statement 2

Statement 3

Correct

· e-Mobility in general and EVs in particular have started occupying significant mind space in India amongst Policy Makers, Industry and the Mobility Eco-System.

· The report e-mobility R&D Roadmap for India breaks down necessary steps to achieve advanced capabilities in developing the technological knowhow to get a lead in battery technology.

· It is launched by the Office of the Principal Scientific Advisor (PSA) to the Government of India.

· It is prepared by the Automative Research Association of India.

It categorizes research projects into 4 important areas

· Energy Storage Cells

· EV Aggregates

· Materials and Recycling

· Charging and Refuelling

Context: The Principal Scientific Adviser to Government of India has recently launched report on e-mobility R&D roadmap for India to achieve net-zero targets.

Incorrect

Solution (c)

Statement Analysis

Statement 1

Statement 2

Statement 3

Correct

· e-Mobility in general and EVs in particular have started occupying significant mind space in India amongst Policy Makers, Industry and the Mobility Eco-System.

· The report e-mobility R&D Roadmap for India breaks down necessary steps to achieve advanced capabilities in developing the technological knowhow to get a lead in battery technology.

· It is launched by the Office of the Principal Scientific Advisor (PSA) to the Government of India.

· It is prepared by the Automative Research Association of India.

It categorizes research projects into 4 important areas

· Energy Storage Cells

· EV Aggregates

· Materials and Recycling

· Charging and Refuelling

Context: The Principal Scientific Adviser to Government of India has recently launched report on e-mobility R&D roadmap for India to achieve net-zero targets.

Question 4 of 5

4. Question

Consider the following statements about Committee on Space Research (COSPAR)

It is the world’s first scientific body dedicated to space science research.
Massey Award is one of the initiatives of this committee.

Choose the incorrect statements:

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Correct

Solution (d)

Statement Analysis

Statement 1

Statement 2

Correct

· Committee on Space Research (COSPAR) was established by the International Council of Scientific Unions (ICSU), now the International Science Council (ISC) in 1957.

· COSPAR’s first Space Science Symposium was organized in Nice, France in January 1960.

· COSPAR Scientific Assembly as the premier forum for presenting the most important results in space research in all disciplines and as the focal point for truly international space science.

· It is the world’s first scientific body dedicated to space science research.

· COSPAR is as an interdisciplinary scientific organization, focused its objectives on the progress of all kinds of research carried out with the use of space means (including balloons).

· COSPAR has played a central role in the development of new space disciplines such as life sciences or fundamental physics.

· It objectives are to promote on an international level scientific research in space, with emphasis on the exchange of results, information and opinions.

· It aids to provide a forum, open to all scientists, for the discussion of problems that may affect scientific space research.

The awards given by the COSPAR are:

· Space Science Award

· International Cooperation Medal

· William Nordberg Medal

· Massey Award

· COSPAR Distinguished Service Medal

· Vikram Sarabhai Medal

· Jeoujang Jaw Award

· Zeldovich Medals

· COSPAR Outstanding Paper Award for Young Scientists

· The recipient of Massey Award, 2024 is Prahlad Chandra Agrawal, an Indian scientist.

· This Vikram Sarabhai Medal is awarded jointly by the Indian Space Research Organization (ISRO) and COSPAR in honor of Vikram Sarabhai.

· The recipient of Vikram Sarabhai Medal, 2024 is Anil Bhardwaj, an Indian scientist.

Context: Two Indian space scientists, Prahlad Chandra Agrawal and Anil Bhardwaj, were honoured with prestigious awards by the Committee on Space Research (COSPAR) recently.