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 insolvency and bankruptcy in India
- The Insolvency and Bankruptcy Code, 2016 aims to create a time-bound and market-oriented insolvency resolution process.
- The National Company Law Tribunal (NCLT) is the primary adjudicating authority for insolvency proceedings under the Code.
- The Code prioritizes liquidation as the preferred resolution for insolvent companies.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Incorrect - The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted with the primary objective of creating a time-bound and market-oriented insolvency resolution process to maximize the value of assets of the corporate debtor.
- The National Company Law Tribunal (NCLT) is the primary adjudicating authority for insolvency proceedings under the Code.
- The IBC prioritizes resolution through revival and continuation of the corporate debtor as a going concern. Liquidation is considered as a last resort.
Context:Recasting insolvency resolution ( The Hindu)
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Incorrect - The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted with the primary objective of creating a time-bound and market-oriented insolvency resolution process to maximize the value of assets of the corporate debtor.
- The National Company Law Tribunal (NCLT) is the primary adjudicating authority for insolvency proceedings under the Code.
- The IBC prioritizes resolution through revival and continuation of the corporate debtor as a going concern. Liquidation is considered as a last resort.
Context:Recasting insolvency resolution ( The Hindu)
-
Question 2 of 5
2. Question
Consider the following statements about the TRAI
- TRAI is directly under the administrative control of the Ministry of Communications
- TRAI is an autonomous body established by an Act of Parliament.
- TRAI has the power to issue licenses to telecom operators.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - TRAI is an independent regulatory body and is not directly under the administrative control of the Ministry of Communications. It functions with a degree of autonomy.
- TRAI is an autonomous body established by the Telecom Regulatory Authority of India Act, 1997.
- TRAI has the power to issue licenses to telecom operators and to renew, modify, or cancel such licenses.
Context:How is TRAI and the govt. combating spam? ( The Hindu)
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - TRAI is an independent regulatory body and is not directly under the administrative control of the Ministry of Communications. It functions with a degree of autonomy.
- TRAI is an autonomous body established by the Telecom Regulatory Authority of India Act, 1997.
- TRAI has the power to issue licenses to telecom operators and to renew, modify, or cancel such licenses.
Context:How is TRAI and the govt. combating spam? ( The Hindu)
-
Question 3 of 5
3. Question
Which of the following statements about the International Labour Organization (ILO) is correct?
Correct
Option a The ILO is a specialized agency of the United Nations focused on promoting social justice and internationally recognized human and labor rights. Context:What did the ILO report state about international migrants? ( The hindu)
Incorrect
Option a The ILO is a specialized agency of the United Nations focused on promoting social justice and internationally recognized human and labor rights. Context:What did the ILO report state about international migrants? ( The hindu)
-
Question 4 of 5
4. Question
Consider the following statements about the Founder of Chola empire
- Vijayalaya was the founder of the Chola dynasty.
- He was initially a feudatory of the Pallavas.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct correct - Vijayalaya is widely considered the founder of the Chola dynasty.
- Vijayalaya initially served as a feudatory under the Pallava rulers.
Context: Queen Sembiyan was the real founder of the Chola Empire, says Kanisetti
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct correct - Vijayalaya is widely considered the founder of the Chola dynasty.
- Vijayalaya initially served as a feudatory under the Pallava rulers.
Context: Queen Sembiyan was the real founder of the Chola Empire, says Kanisetti
-
Question 5 of 5
5. Question
Q.5) Consider the following statements about Indian grey wolf
- It is a subspecies of the grey wolf.
- It is primarily found in the Himalayan region
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - The Indian grey wolf is a subspecies of the grey wolf (Canis lupus
- While they are found in the Himalayas, their distribution is broader, including parts of the Indian subcontinent, such as the Indian Himalayas, the Deccan Plateau, and the Thar Desert.
Context:Endangered Indian grey wolf gives birth to eight pups
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - The Indian grey wolf is a subspecies of the grey wolf (Canis lupus
- While they are found in the Himalayas, their distribution is broader, including parts of the Indian subcontinent, such as the Indian Himalayas, the Deccan Plateau, and the Thar Desert.
Context:Endangered Indian grey wolf gives birth to eight pups
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