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 Recession
- Recessions are characterized by rising unemployment, decreased consumer spending, and reduced business investment.
- Central banks often respond to recessions by raising interest rates to stimulate economic activity.
- Recessions primarily affect developed economies and have minimal impact on emerging markets.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Incorrect Incorrect - These are classic characteristics of a recession.
- Central banks typically lower interest rates during a recession to encourage borrowing and spending, not raise them.
- Recessions can affect both developed and emerging economies, though the impacts and recovery speeds may differ. Emerging markets are often very susceptable to global economic downturns.
Context:US stocks have plunged, the constant talk of tariffs has caused uncertainty, and a survey has shown that mood among American consumers is pessimistic, even as an economic adviser to President Donald Trump has dismissed talks of a recession in the US economy.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Incorrect Incorrect - These are classic characteristics of a recession.
- Central banks typically lower interest rates during a recession to encourage borrowing and spending, not raise them.
- Recessions can affect both developed and emerging economies, though the impacts and recovery speeds may differ. Emerging markets are often very susceptable to global economic downturns.
Context:US stocks have plunged, the constant talk of tariffs has caused uncertainty, and a survey has shown that mood among American consumers is pessimistic, even as an economic adviser to President Donald Trump has dismissed talks of a recession in the US economy.
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Question 2 of 5
2. Question
Consider the following statements about the Overseas Citizen of India (OCI)
- An OCI cardholder is entitled to voting rights in India.
- An OCI cardholder is eligible to hold constitutional posts in India.
- An OCI cardholder is granted multiple entry, multi-purpose, lifelong visa to visit India.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct - OCI cardholders do not have voting rights in India.
- OCI cardholders are not eligible to hold constitutional posts in India.
- OCI cardholders are indeed granted multiple entry, multi-purpose, lifelong visa for visiting India.
Context:Prime Minister Narendra Modi’s presented the Overseas Citizen of India (OCI) card to his Mauritius counterpart Navinchandra Ramgoolam and termed it a “proof of friendship” between two nations.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct - OCI cardholders do not have voting rights in India.
- OCI cardholders are not eligible to hold constitutional posts in India.
- OCI cardholders are indeed granted multiple entry, multi-purpose, lifelong visa for visiting India.
Context:Prime Minister Narendra Modi’s presented the Overseas Citizen of India (OCI) card to his Mauritius counterpart Navinchandra Ramgoolam and termed it a “proof of friendship” between two nations.
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Question 3 of 5
3. Question
Which of the following statements is correct regarding Neural Networks?
Correct
Option b Neural networks are designed to mimic the human brain’s structure and function for complex pattern recognition and machine learning. Context:Neural networks form the foundation of modern AI models, enabling machines to process complex data efficiently.
Incorrect
Option b Neural networks are designed to mimic the human brain’s structure and function for complex pattern recognition and machine learning. Context:Neural networks form the foundation of modern AI models, enabling machines to process complex data efficiently.
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Question 4 of 5
4. Question
Consider the following statements about the Venture capital (VC)
- Venture capital firms primarily invest in established, publicly traded companies with a proven track record.
- VC investments typically involve high risk but also offer the potential for high returns.
Choose the incorrect statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - Venture capital firms primarily invest in early-stage, high-growth potential startups and companies, not established, publicly traded ones.
- investments are known for their high-risk, high-reward nature.
Context:India’s venture capital (VC) market experienced a sharp resurgence in 2024, with total funding reaching $13.7 billion, marking a 1.4x increase from 2023.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - Venture capital firms primarily invest in early-stage, high-growth potential startups and companies, not established, publicly traded ones.
- investments are known for their high-risk, high-reward nature.
Context:India’s venture capital (VC) market experienced a sharp resurgence in 2024, with total funding reaching $13.7 billion, marking a 1.4x increase from 2023.
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Question 5 of 5
5. Question
Consider the following statements about the World Air Quality Report 2024
- The report is published annually by the United Nations Environment Programme (UNEP).
- The report indicates that air quality has significantly improved globally in the past year due to increased awareness and stringent regulations.
Choose the correct statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - The World Air Quality Report is published by IQAir, a Swiss air quality technology company, not UNEP
- The report generally demonstrates that air quality globally is still a major concern, and in many places has worsened.
Context: World Air Quality Report 2024
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - The World Air Quality Report is published by IQAir, a Swiss air quality technology company, not UNEP
- The report generally demonstrates that air quality globally is still a major concern, and in many places has worsened.
Context: World Air Quality Report 2024
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