IASbaba Daily Prelims Quiz
For Previous Daily Quiz (ARCHIVES) – CLICK HERE
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.
Gear up and Make the Best Use of this initiative.
Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!”
Important Note:
- Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂
- After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions.
Test-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
To view Solutions, follow these instructions:
- Click on – ‘Start Test’ button
- Solve Questions
- Click on ‘Test Summary’ button
- Click on ‘Finish Test’ button
- Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the test.
You have to finish following test, to start this test:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have scored 0 points out of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
Consider the following statements with respect to ‘Income Tax Appellate Tribunal (ITAT)’
- It is a quasi-judicial specializing in dealing with appeals under the Direct Taxes Acts
- It functions under the Ministry of Finance
- It works under the regional High Court’s jurisdiction and the orders passed by the ITAT are final
Choose the correct answer using the code given below
Correct
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Income Tax Appellate Tribunal (ITAT) is a quasi-judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. ITAT has 63 Benches at 27 different cities,covering almost all the cities having a seat of the High Court. Each bench has an accountant member and a judicial member. The President of the ITAT constitutes a bench from among the members of the ITAT. It adjudicates appeals made under the Income Tax Act of 1961. It functions under the Ministry of Law and Justice. The orders passed by the ITAT are final. An appeal lies to the High Court only if a substantial question of law arises for determination. ITAT functions under the regional High Court’s jurisdiction and must adhere to the rules of the same. ITAT is subordinate to both the region’s High Court and the Indian Supreme Court. Context – The Supreme Court, in a plea filed by news portal NewsClick for a stay on the income tax demand.
Incorrect
Solution (c)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct Income Tax Appellate Tribunal (ITAT) is a quasi-judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. ITAT has 63 Benches at 27 different cities,covering almost all the cities having a seat of the High Court. Each bench has an accountant member and a judicial member. The President of the ITAT constitutes a bench from among the members of the ITAT. It adjudicates appeals made under the Income Tax Act of 1961. It functions under the Ministry of Law and Justice. The orders passed by the ITAT are final. An appeal lies to the High Court only if a substantial question of law arises for determination. ITAT functions under the regional High Court’s jurisdiction and must adhere to the rules of the same. ITAT is subordinate to both the region’s High Court and the Indian Supreme Court. Context – The Supreme Court, in a plea filed by news portal NewsClick for a stay on the income tax demand.
-
Question 2 of 5
2. Question
Consider the following statements with respect to ‘Pinaka-MK3
Statement 1 – It is a Multi-Barrel Rocket Launcher (MBRL) designed by Bharat Dynamics Limited
Statement 2 – It delivers lethal and responsive fire against a variety of area targets, such as exposed enemy troops, armoured and soft-skin vehicles
Which one of the following is correct in respect of the above statements?
Correct
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Pinaka is a Multi-Barrel Rocket Launcher (MBRL). It is designed by the Armament Research and Development Establishment (ARDE), a laboratory of the DRDO. It delivers lethal and responsive fire against a variety of area targets, such as exposed enemy troops, armoured and soft-skin vehicles, communication centres, air terminal complexes, and fuel and ammunition dumps. It consists of a multi-tube launcher vehicle, a replenishment-cum-loader vehicle, a replenishment vehicle, and a command post vehicle. The rocket launcher has two pods containing six rockets each and can neutralise an area of 700 × 500 square metres within 48 seconds. Context – The Defence Research and Development Organisation (DRDO) is equipping India with Pinaka-MK3, which is currently under development.
Incorrect
Solution (d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Pinaka is a Multi-Barrel Rocket Launcher (MBRL). It is designed by the Armament Research and Development Establishment (ARDE), a laboratory of the DRDO. It delivers lethal and responsive fire against a variety of area targets, such as exposed enemy troops, armoured and soft-skin vehicles, communication centres, air terminal complexes, and fuel and ammunition dumps. It consists of a multi-tube launcher vehicle, a replenishment-cum-loader vehicle, a replenishment vehicle, and a command post vehicle. The rocket launcher has two pods containing six rockets each and can neutralise an area of 700 × 500 square metres within 48 seconds. Context – The Defence Research and Development Organisation (DRDO) is equipping India with Pinaka-MK3, which is currently under development.
-
Question 3 of 5
3. Question
Exercise ‘Udara Shakti’, recently in news took place between India and
Correct
Solution (d)
Exercise Udara Shakti is a joint air exercise was conducted by Indian Air Force in collaboration with the Royal Malaysian Air Force (RMAF) at Kuantan, Malaysia. It was aimed at bolstering operational efficiency, technical experts of both Air Forces engaged in exchange of their maintenance practices. During the exercise, IAF’s Su-30MKI fighter jets engaged in air combat missions alongside the RMAF’s Su-30MKM fighters, enabling the crew of both air forces to familiarize with each other’s operational protocols, thereby enhancing interoperability, commonality and overall effectiveness in Su-30 aircraft operations.
Context – The Indian Air Force and Royal Malaysian Air Force participated in Exercise Udara Shakti 2024.
Incorrect
Solution (d)
Exercise Udara Shakti is a joint air exercise was conducted by Indian Air Force in collaboration with the Royal Malaysian Air Force (RMAF) at Kuantan, Malaysia. It was aimed at bolstering operational efficiency, technical experts of both Air Forces engaged in exchange of their maintenance practices. During the exercise, IAF’s Su-30MKI fighter jets engaged in air combat missions alongside the RMAF’s Su-30MKM fighters, enabling the crew of both air forces to familiarize with each other’s operational protocols, thereby enhancing interoperability, commonality and overall effectiveness in Su-30 aircraft operations.
Context – The Indian Air Force and Royal Malaysian Air Force participated in Exercise Udara Shakti 2024.
-
Question 4 of 5
4. Question
With reference to ‘Overnight Index Swap’, consider the following statements
- It is a derivative instrument where returns under a floating rate asset are swapped against a pre-determined published index
- An overnight index swap rate is calculated each day.
Select the correct statement(s)
Correct
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Overnight Index Swap is a derivative instrument where returns under a fixed rate asset are swapped against a pre-determined published index of a daily overnight reference rate for an agreed period of time. An overnight index swap rate is calculated each day. This interest rate is based on the average interest rate institutions with loans based on the overnight rate have paid for that day. Context – The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the overnight index swap (OIS) market
Incorrect
Solution (b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct Overnight Index Swap is a derivative instrument where returns under a fixed rate asset are swapped against a pre-determined published index of a daily overnight reference rate for an agreed period of time. An overnight index swap rate is calculated each day. This interest rate is based on the average interest rate institutions with loans based on the overnight rate have paid for that day. Context – The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the overnight index swap (OIS) market
-
Question 5 of 5
5. Question
Consider the following statements with respect to ‘Polar Coupled Analysis and Prediction for Services (PCAPS)’
- It aims to increase and improve weather, water, ice, and climate information about the Arctic and Antarctic.
- It is part of United Nation Environment Programme’s World Weather Research Programme (WWRP)
Select the correct statement(s)
Correct
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Polar Coupled Analysis and Prediction for Services aims to increase and improve weather, water, ice, and climate information about the Arctic and Antarctic. The project will help develop observation systems and Earth system models and advocate for improved forecasting services. It is part of World Meteorological Organization’s World Weather Research Programme (WWRP). It promotes research to improve weather prediction, and its impacts on society, for minutes to months ahead. Context – The World Meteorological Organization launched the project Polar Coupled Analysis and Prediction for Services (PCAPS)
Incorrect
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect Polar Coupled Analysis and Prediction for Services aims to increase and improve weather, water, ice, and climate information about the Arctic and Antarctic. The project will help develop observation systems and Earth system models and advocate for improved forecasting services. It is part of World Meteorological Organization’s World Weather Research Programme (WWRP). It promotes research to improve weather prediction, and its impacts on society, for minutes to months ahead. Context – The World Meteorological Organization launched the project Polar Coupled Analysis and Prediction for Services (PCAPS)
- Current Affairs Quiz, IAS Daily Current Affairs Quiz, IAS UPSC Current Affairs Quiz, IAS UPSC Prelims Quiz, IASbaba's Current Affairs Prelims Quiz, IASbaba's Daily Quiz, IASbaba's UPSC Quiz, Prelims Current Affairs Quiz, UPSC Current Affairs Quiz, UPSC Current Affairs Quiz IASbaba, UPSC Daily Current Affair Quiz, UPSC IAS Daily Quiz
