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
Q.1) Consider the following statements about Securities and Exchange Board of India (SEBI)
- SEBI is a statutory regulatory body established in 1988.
- SEBI is responsible for regulating and overseeing the Indian securities market.
- SEBI is headquartered in New Delhi
How many of the statements given above are correct?
Correct
Q.1) Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect - While SEBI was initially established as a non-statutory body in 1988, it was later given statutory powers through the SEBI Act, 1992.
- This act granted SEBI the legal authority to regulate the securities and commodity markets in India.
- So, while SEBI came into existence in 1988, it wasn’t until 1992 that it became a fully-fledged statutory body with the power to enforce regulations and penalize market participants.
The Securities and Exchange Board of India (SEBI) is the regulatory body responsible for overseeing the Indian securities market. Its primary functions include: - Protecting Investor Interests: Ensuring fair practices and transparency in the market.
- Promoting Investor Education: Raising awareness about investing and financial literacy.
- Regulating Intermediaries: Overseeing the activities of stockbrokers, merchant bankers, mutual fund houses, and other market intermediaries.
- Developing the Securities Market: Fostering the growth and development of the Indian capital market.
- SEBI’s headquarters is located in Mumbai, Maharashtra.
- It has regional offices in New Delhi, Kolkata, Chennai, and Ahmedabad to cater to the diverse needs of the Indian securities market.
Context: Securities and Exchange Board of India (Sebi) released a set of six measures to strengthen the equity index derivatives, also known as equity futures & options (F&O), framework.
Incorrect
Q.1) Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect - While SEBI was initially established as a non-statutory body in 1988, it was later given statutory powers through the SEBI Act, 1992.
- This act granted SEBI the legal authority to regulate the securities and commodity markets in India.
- So, while SEBI came into existence in 1988, it wasn’t until 1992 that it became a fully-fledged statutory body with the power to enforce regulations and penalize market participants.
The Securities and Exchange Board of India (SEBI) is the regulatory body responsible for overseeing the Indian securities market. Its primary functions include: - Protecting Investor Interests: Ensuring fair practices and transparency in the market.
- Promoting Investor Education: Raising awareness about investing and financial literacy.
- Regulating Intermediaries: Overseeing the activities of stockbrokers, merchant bankers, mutual fund houses, and other market intermediaries.
- Developing the Securities Market: Fostering the growth and development of the Indian capital market.
- SEBI’s headquarters is located in Mumbai, Maharashtra.
- It has regional offices in New Delhi, Kolkata, Chennai, and Ahmedabad to cater to the diverse needs of the Indian securities market.
Context: Securities and Exchange Board of India (Sebi) released a set of six measures to strengthen the equity index derivatives, also known as equity futures & options (F&O), framework.
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Question 2 of 5
2. Question
Q.2) Consider the following statements about Worsening Air pollution in NCR region
- The AQI levels in the NCR region are primarily due to stubble burning in neighboring states.
- The Air Quality Index (AQI) in the NCR region recently reached alarming levels, ranging from 1000-1500.
- The Delhi government has implemented the Odd-Even scheme to reduce vehicular pollution.
How many of the statements given above are correct?
Correct
Q.2) Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct - Yes, stubble burning in neighboring states, particularly Punjab and Haryana, is a major contributor to the poor air quality in the NCR region.
- When farmers burn agricultural residue after harvesting crops, it releases large amounts of pollutants into the atmosphere, including particulate matter (PM2.5 and PM10), carbon monoxide, and other harmful gases. These pollutants are carried by the wind to the NCR region, significantly worsening air quality.
- While other factors like vehicular emissions, industrial activities, and construction dust also contribute to air pollution in the region, stubble burning remains a significant contributor, especially during the winter months.
- The NCR region frequently faces severe air pollution, particularly during the winter months.
- AQI levels reaching 1000-1500 are indicative of extremely hazardous air quality. This can lead to significant health risks, especially for vulnerable populations like children, the elderly, and those with respiratory illnesses
- The Delhi government has implemented the Odd-Even scheme multiple times in the past to combat severe air pollution. This scheme restricts the movement of private vehicles on alternate days based on their registration number.
- The goal of this scheme is to reduce the number of vehicles on the road, thereby reducing vehicular emissions and improving air quality.
Context:Is Delhi’s AQI 500 or 1,500? The confusion is part of the problem
Incorrect
Q.2) Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct - Yes, stubble burning in neighboring states, particularly Punjab and Haryana, is a major contributor to the poor air quality in the NCR region.
- When farmers burn agricultural residue after harvesting crops, it releases large amounts of pollutants into the atmosphere, including particulate matter (PM2.5 and PM10), carbon monoxide, and other harmful gases. These pollutants are carried by the wind to the NCR region, significantly worsening air quality.
- While other factors like vehicular emissions, industrial activities, and construction dust also contribute to air pollution in the region, stubble burning remains a significant contributor, especially during the winter months.
- The NCR region frequently faces severe air pollution, particularly during the winter months.
- AQI levels reaching 1000-1500 are indicative of extremely hazardous air quality. This can lead to significant health risks, especially for vulnerable populations like children, the elderly, and those with respiratory illnesses
- The Delhi government has implemented the Odd-Even scheme multiple times in the past to combat severe air pollution. This scheme restricts the movement of private vehicles on alternate days based on their registration number.
- The goal of this scheme is to reduce the number of vehicles on the road, thereby reducing vehicular emissions and improving air quality.
Context:Is Delhi’s AQI 500 or 1,500? The confusion is part of the problem
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Question 3 of 5
3. Question
Q.3) What is the primary objective of the Safe Harbor Clause?
Correct
Q.3) Solution (b)
Option b Correct - Safe harbor clause is a legal provision that protects intermediaries, such as internet service providers (ISPs) and social media platforms, from liability for content created and uploaded by their users.
- Section 79 of the IT Act says any intermediary shall not be held legally or otherwise liable for any third party information, data, or communication link made available or hosted on its platform.
- This protection, the Act says, shall be applicable if the said intermediary does not in any way, initiate the transmission of the message in question, select the receiver of the transmitted message and does not modify any information contained in the transmission.
Context: The government recently reiterated its stance to revisit the safe harbour clause for social media intermediaries such as X, Telegram, Facebook, Instagram, etc, amid an increase in instances of misinformation and fake news over these platforms.
Incorrect
Q.3) Solution (b)
Option b Correct - Safe harbor clause is a legal provision that protects intermediaries, such as internet service providers (ISPs) and social media platforms, from liability for content created and uploaded by their users.
- Section 79 of the IT Act says any intermediary shall not be held legally or otherwise liable for any third party information, data, or communication link made available or hosted on its platform.
- This protection, the Act says, shall be applicable if the said intermediary does not in any way, initiate the transmission of the message in question, select the receiver of the transmitted message and does not modify any information contained in the transmission.
Context: The government recently reiterated its stance to revisit the safe harbour clause for social media intermediaries such as X, Telegram, Facebook, Instagram, etc, amid an increase in instances of misinformation and fake news over these platforms.
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Question 4 of 5
4. Question
Q.4) Consider the following statements about the Delimitation exercise.
- Article 84 in Indian Constitution deals with the Delimitation Commission
- The Delimitation Commission’s recommendations are binding on the government.
Choose the incorrect statements:
Correct
Q.4) Solution (b)
Statement Analysis
Statement 1 Statement 2 Inorrect Correct - That’s incorrect. Article 84 of the Indian Constitution deals with the qualifications for membership of Parliament. It outlines the criteria that a person must meet to be eligible to be a member of the Lok Sabha or Rajya Sabha.
- The Delimitation Commission is a body responsible for redrawing the boundaries of electoral constituencies to ensure equal representation. It is not directly related to Article 84. Its Under Article 82.
- The Delimitation Commission’s recommendations are binding on the Central Government. Once the Commission submits its report, the government is obligated to implement its recommendations through an Act of Parliament.
- This ensures that the process of redrawing electoral boundaries is fair, transparent, and based on objective criteria.
Context: Supreme Court questions delay in delimitation for northeastern states
Incorrect
Q.4) Solution (b)
Statement Analysis
Statement 1 Statement 2 Inorrect Correct - That’s incorrect. Article 84 of the Indian Constitution deals with the qualifications for membership of Parliament. It outlines the criteria that a person must meet to be eligible to be a member of the Lok Sabha or Rajya Sabha.
- The Delimitation Commission is a body responsible for redrawing the boundaries of electoral constituencies to ensure equal representation. It is not directly related to Article 84. Its Under Article 82.
- The Delimitation Commission’s recommendations are binding on the Central Government. Once the Commission submits its report, the government is obligated to implement its recommendations through an Act of Parliament.
- This ensures that the process of redrawing electoral boundaries is fair, transparent, and based on objective criteria.
Context: Supreme Court questions delay in delimitation for northeastern states
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Question 5 of 5
5. Question
Q.5) Consider the following statements about GST Council.
- The GST Council is a constitutional body established under Article 279A of the Constitution.
- The GST Council has the power to recommend rates of GST, including the floor rate and bands.
Choose the correct statements:
Correct
Q.5) Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct - The GST Council is not a constitutional body. It was formed under the Central Goods and Services Tax Act, 2017.
- While it plays a crucial role in India’s tax system, it’s not a body established directly by the Constitution.
- The GST Council has the power to recommend rates of GST, including the floor rate and bands. It plays a crucial role in shaping the GST regime in India and ensuring its smooth implementation.
- The Council’s recommendations are based on various factors such as the need to simplify the tax structure, promote economic growth, and ensure equitable distribution of tax burden.
Context: GST council to decide on tax cut on EV batteries
Incorrect
Q.5) Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct - The GST Council is not a constitutional body. It was formed under the Central Goods and Services Tax Act, 2017.
- While it plays a crucial role in India’s tax system, it’s not a body established directly by the Constitution.
- The GST Council has the power to recommend rates of GST, including the floor rate and bands. It plays a crucial role in shaping the GST regime in India and ensuring its smooth implementation.
- The Council’s recommendations are based on various factors such as the need to simplify the tax structure, promote economic growth, and ensure equitable distribution of tax burden.
Context: GST council to decide on tax cut on EV batteries
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