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 Mutual Credit Guarantee Scheme
- The scheme aims to provide collateral-free term loans up to ₹50 crore to eligible MSMEs.
- The National Credit Guarantee Trustee Company Ltd (NCGTC) provides 60% guarantee coverage to Member Lending Institutions (MLIs) for loans sanctioned under the MCGS-MSME.
- To be eligible, at least 75% of the project cost must be allocated for the purchase of machinery or equipment.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - The scheme provides collateral-free term loans up to ₹100 crore, not ₹50 crore.
- The NCGTC does indeed provide 60% guarantee coverage to MLIs.
- A key eligibility criterion is that at least 75% of the project cost must be for machinery or equipment.
Context:Finance Minister Nirmala Sitharama launches Mutual Credit Guarantee Scheme for MSMEs
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - The scheme provides collateral-free term loans up to ₹100 crore, not ₹50 crore.
- The NCGTC does indeed provide 60% guarantee coverage to MLIs.
- A key eligibility criterion is that at least 75% of the project cost must be for machinery or equipment.
Context:Finance Minister Nirmala Sitharama launches Mutual Credit Guarantee Scheme for MSMEs
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Question 2 of 5
2. Question
Consider the following statements about the APEDA Agricultural and Processed Food Products Export Development Authority
- APEDA is a statutory body established under the Ministry of Commerce and Industry, Government of India.
- APEDA provides financial assistance and support to exporters for infrastructure development, quality improvement, and market development.
- It plays a crucial role in implementing the Geographical Indication (GI) registration of agricultural products in India.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct correct - APEDA is indeed a statutory body established under the Agricultural and Processed Food Products Export Development Authority Act, 1985, and falls under the Ministry of Commerce and Industry.
- APEDA provides various forms of assistance to exporters, including financial support for infrastructure, quality, and market development.
- APEDA is actively involved in facilitating the GI registration process for agricultural products, contributing to their recognition and protection.
Context:APEDA Facilitates First-Ever Sea Shipments of Indian Pomegranates to Australia
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct correct - APEDA is indeed a statutory body established under the Agricultural and Processed Food Products Export Development Authority Act, 1985, and falls under the Ministry of Commerce and Industry.
- APEDA provides various forms of assistance to exporters, including financial support for infrastructure, quality, and market development.
- APEDA is actively involved in facilitating the GI registration process for agricultural products, contributing to their recognition and protection.
Context:APEDA Facilitates First-Ever Sea Shipments of Indian Pomegranates to Australia
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Question 3 of 5
3. Question
The “rarest of rare” doctrine, which guides the imposition of the death penalty in India, was established by the Supreme Court in which of the following cases?
Correct
Option c The “rarest of rare” doctrine, which restricts the application of the death penalty to the most exceptional cases, was laid down by the Supreme Court of India in the landmark case of Bachan Singh v. State of Punjab (1980). Context:What is the ‘rarest of rare’ doctrine?
Incorrect
Option c The “rarest of rare” doctrine, which restricts the application of the death penalty to the most exceptional cases, was laid down by the Supreme Court of India in the landmark case of Bachan Singh v. State of Punjab (1980). Context:What is the ‘rarest of rare’ doctrine?
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Question 4 of 5
4. Question
Consider the following statements about the Bharatiya Nyaya Sanhita (BNS)
- The BNS replaces the Indian Penal Code (IPC) of 1860, aiming to modernize and consolidate criminal laws in India.
- It introduces a specific provision for “organized crime” and “terrorist acts,” which were previously addressed under separate legislation.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct correct - The BNS is indeed designed to replace the IPC, reflecting a comprehensive overhaul of India’s criminal law framework.
- significant change is the explicit inclusion of provisions for organized crime and terrorist acts within the core criminal code, rather than solely relying on separate specialized laws.
Context:New criminal laws must be implemented in J&K by April
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 correct correct - The BNS is indeed designed to replace the IPC, reflecting a comprehensive overhaul of India’s criminal law framework.
- significant change is the explicit inclusion of provisions for organized crime and terrorist acts within the core criminal code, rather than solely relying on separate specialized laws.
Context:New criminal laws must be implemented in J&K by April
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Question 5 of 5
5. Question
Consider the following statements about the Swami Ramakrishna Paramhansa
- He emphasized the concept of “Jiva Shiva,” asserting that all living beings are manifestations of the divine.
- He was a strong advocate for social reform, particularly in abolishing caste-based discrimination.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Ramakrishna Paramhansa indeed stressed the idea of “Jiva Shiva,” emphasizing the inherent divinity within all beings.
- While his teachings had social implications, he was not primarily a social reformer in the conventional sense. His focus was on spiritual realization.
Context:Prime Minister pays tribute to Swami Ramakrishna Paramhansa on his Jayanti
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Ramakrishna Paramhansa indeed stressed the idea of “Jiva Shiva,” emphasizing the inherent divinity within all beings.
- While his teachings had social implications, he was not primarily a social reformer in the conventional sense. His focus was on spiritual realization.
Context:Prime Minister pays tribute to Swami Ramakrishna Paramhansa on his Jayanti
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