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 the sovereign gold scheme
- The Sovereign Gold Bond Scheme was launched by the Government of India in 2014.
- The bonds are issued by the Reserve Bank of India on behalf of the Government of India.
- Primary objective of the Sovereign Gold Bond Scheme to reduce India’s dependence on gold imports
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct Correct - The Sovereign Gold Bond Scheme was launched by the Government of India in 2015.
- The bonds are issued by the Reserve Bank of India on behalf of the Government of India.
- Primary objective of the Sovereign Gold Bond Scheme to reduce India’s dependence on gold imports
Context: Why the government could discontinue the sovereign gold scheme ( The Hindu)
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct Correct - The Sovereign Gold Bond Scheme was launched by the Government of India in 2015.
- The bonds are issued by the Reserve Bank of India on behalf of the Government of India.
- Primary objective of the Sovereign Gold Bond Scheme to reduce India’s dependence on gold imports
Context: Why the government could discontinue the sovereign gold scheme ( The Hindu)
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Question 2 of 5
2. Question
Consider the following statements about the Wealth Tax in India
- Wealth Tax was introduced in India in 1957.
- The tax rate was 1% of the net wealth exceeding ₹30 lakhs.
- The tax was levied on individuals, Hindu Undivided Families (HUFs), and companies.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Correct - That statement is correct. Wealth Tax was introduced in India in 1957.
- Purpose: The primary objective of Wealth Tax was to reduce economic inequality and generate revenue for the government. It was levied on the net wealth of individuals, Hindu Undivided Families (HUFs), and companies.
- The tax rate for Wealth Tax in India, towards the end of its existence, was indeed 1% of the net wealth exceeding ₹30 lakhs.
- Threshold: The Wealth Tax was levied on the net wealth of individuals, Hindu Undivided Families (HUFs), and companies, but only if their net wealth exceeded a certain threshold. This threshold was ₹30 lakhs.
- The tax was levied on individuals, Hindu Undivided Families (HUFs), and companies.
Context: Wealth tax ( IE)
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Correct - That statement is correct. Wealth Tax was introduced in India in 1957.
- Purpose: The primary objective of Wealth Tax was to reduce economic inequality and generate revenue for the government. It was levied on the net wealth of individuals, Hindu Undivided Families (HUFs), and companies.
- The tax rate for Wealth Tax in India, towards the end of its existence, was indeed 1% of the net wealth exceeding ₹30 lakhs.
- Threshold: The Wealth Tax was levied on the net wealth of individuals, Hindu Undivided Families (HUFs), and companies, but only if their net wealth exceeded a certain threshold. This threshold was ₹30 lakhs.
- The tax was levied on individuals, Hindu Undivided Families (HUFs), and companies.
Context: Wealth tax ( IE)
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Question 3 of 5
3. Question
What is the current conservation status of the Ganges River Dolphin?
Correct
Solution (c)
Option a Correct - Critically endangered
Context: GS3(Environment) India Conducts First-ever Ganges River Dolphin Tagging
Incorrect
Solution (c)
Option a Correct - Critically endangered
Context: GS3(Environment) India Conducts First-ever Ganges River Dolphin Tagging
-
Question 4 of 5
4. Question
Consider the following statements about Underwater hot spring
- For the first time active underwater hot spring spotted in Southern Indian Ocean
- These springs are found at mid-ocean ridges, where tectonic plates are moving apart.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct Correct - For the first time active underwater hot spring spotted in Southern Indian Ocean
- These springs are found at mid-ocean ridges, where tectonic plates are moving apart.
- Underwater hot springs are also known as submarine hydrothermal vents.
Context: In a first, image of active underwater hot spring captured in Southern Indian Ocean
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct Correct - For the first time active underwater hot spring spotted in Southern Indian Ocean
- These springs are found at mid-ocean ridges, where tectonic plates are moving apart.
- Underwater hot springs are also known as submarine hydrothermal vents.
Context: In a first, image of active underwater hot spring captured in Southern Indian Ocean
-
Question 5 of 5
5. Question
Consider the following statements about the Uniform Civil Code (UCC)
- The UCC is mentioned in Article 44 of the Indian Constitution, which directs the state to “endeavor to secure for the citizens a uniform civil code throughout the territory of India”
- It has been recommended by the Law Commission of India, but has not yet been implemented by any state in India.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - The UCC is mentioned in Article 44 of the Indian Constitution, which directs the state to “endeavor to secure for the citizens a uniform civil code throughout the territory of India”
- The Uniform Civil Code (UCC) is a proposal to create a single, uniform set of civil laws that would apply to all citizens of India, regardless of their religion.
- It has been recommended by the Law Commission of India, but has not yet been implemented by Uttarakhand state in India.
Context: UCC will come into effect in Uttarakhand from next month
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - The UCC is mentioned in Article 44 of the Indian Constitution, which directs the state to “endeavor to secure for the citizens a uniform civil code throughout the territory of India”
- The Uniform Civil Code (UCC) is a proposal to create a single, uniform set of civil laws that would apply to all citizens of India, regardless of their religion.
- It has been recommended by the Law Commission of India, but has not yet been implemented by Uttarakhand state in India.
Context: UCC will come into effect in Uttarakhand from next month
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