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 Real effective exchange rate
- A rise in the REER indicates a loss of price competitiveness for domestic goods in international markets.
- The REER is a weighted average of bilateral exchange rates, adjusted for relative price levels.
- The REER considers only bilateral exchange rates between two countries.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Correct Incorrect - A higher REER means domestic goods are relatively more expensive compared to foreign goods, making them less competitive.
- This is the definition of REER.
- REER considers a basket of currencies and is a weighted average, not just a bilateral rate.
Context: As rupee hits new lows, real effective exchange rate soars to an all-time high
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Correct Incorrect - A higher REER means domestic goods are relatively more expensive compared to foreign goods, making them less competitive.
- This is the definition of REER.
- REER considers a basket of currencies and is a weighted average, not just a bilateral rate.
Context: As rupee hits new lows, real effective exchange rate soars to an all-time high
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Question 2 of 5
2. Question
Consider the following statements about the CPI( Consumer Price Index)
- CPI measures the change in prices of goods only consumed by households.
- CPI is used as a measure of inflation in India.
- The base year for CPI in India is 2012.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - CPI measures the change in prices of goods and services consumed by households.
- CPI is used as a measure of inflation in India.
- The current base year for the Consumer Price Index (CPI) in India is 2012.
- This means that the prices of goods and services in 2012 are used as a benchmark (with an index value of 100) to measure price changes over time. Any subsequent changes in prices are measured relative to the prices in 2012.
Context: The contention is how to change the price of PDS items from a positive value to zero or increase the prices of PDS items from zero to some positive value in an ongoing series, or rather the big question about whether the free PDS items be included in the CPI basket
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - CPI measures the change in prices of goods and services consumed by households.
- CPI is used as a measure of inflation in India.
- The current base year for the Consumer Price Index (CPI) in India is 2012.
- This means that the prices of goods and services in 2012 are used as a benchmark (with an index value of 100) to measure price changes over time. Any subsequent changes in prices are measured relative to the prices in 2012.
Context: The contention is how to change the price of PDS items from a positive value to zero or increase the prices of PDS items from zero to some positive value in an ongoing series, or rather the big question about whether the free PDS items be included in the CPI basket
-
Question 3 of 5
3. Question
What is the primary objective of the PM-ABHIM scheme?
Correct
Solution (c)
Option Correct - To enhance capacity to detect and treat emerging diseases
Context:
Incorrect
Solution (c)
Option Correct - To enhance capacity to detect and treat emerging diseases
Context:
-
Question 4 of 5
4. Question
Consider the following statements about the Ocean Anoxic Event 1a (OAE 1a)
- OAE 1a was triggered only by a massive release of methane from marine sediments.
- OAE 1a occurred during the Early Cretaceous period, approximately 120 million years ago.
Choose the incorrect statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - While a massive release of methane from marine sediments is a potential contributing factor to Ocean Anoxic Event 1a (OAE 1a), it’s not considered the sole trigger. The current scientific consensus points to a more complex interplay of factors, with massive volcanic activity being the primary driver.
- Ocean Anoxic Event 1a (OAE 1a) occurred during the Early Cretaceous period, specifically during the Aptian age, which was approximately 120 million years ago.
Context: A recent study published in Science Advances has refined the timing and duration of Ocean Anoxic Event 1a (OAE 1a) by analyzing prehistoric rocks and fossils from Mount Ashibetsu, Japan.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - While a massive release of methane from marine sediments is a potential contributing factor to Ocean Anoxic Event 1a (OAE 1a), it’s not considered the sole trigger. The current scientific consensus points to a more complex interplay of factors, with massive volcanic activity being the primary driver.
- Ocean Anoxic Event 1a (OAE 1a) occurred during the Early Cretaceous period, specifically during the Aptian age, which was approximately 120 million years ago.
Context: A recent study published in Science Advances has refined the timing and duration of Ocean Anoxic Event 1a (OAE 1a) by analyzing prehistoric rocks and fossils from Mount Ashibetsu, Japan.
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Question 5 of 5
5. Question
Consider the following statements about the following Red pandas
- It has IUCN Red list status of Critically Endangered
- It is primarily carnivores species.
Choose the correct statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - IUCN Red list: Endangered
- It is primarily herbiivores species.
Context: Two red pandas from Rotterdam Zoo, Netherlands are being brought to Padmaja Naidu Himalayan Zoological Park (PNZP) in Darjeeling for conservation breeding purposes.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - IUCN Red list: Endangered
- It is primarily herbiivores species.
Context: Two red pandas from Rotterdam Zoo, Netherlands are being brought to Padmaja Naidu Himalayan Zoological Park (PNZP) in Darjeeling for conservation breeding purposes.
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