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 Vikramshila University
- It was founded by the Gupta Emperor Kumaragupta I in the 5th century CE.
- It was primarily a center for the study of Mahayana Buddhism.
- Dipankara Srijnana, also known as Atisha, served as one of its most distinguished rectors.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect correct - Vikramshila University was founded by the Pala Emperor Dharmapala in the late 8th or early 9th century CE, not by the Gupta Emperor Kumaragupta I
- while Vikramshila did teach Buddhist philosophy, it was primarily a major center for Vajrayana Buddhism, which had become prominent during the Pala period,
- Dipankara Srijnana, widely known as Atisha, was indeed a very distinguished scholar and rector of Vikramshila University in the 11th century, before he went to Tibet and played a significant role in the revival of Buddhism there.
Context:A decade after the modern Nalanda University was re-established near its historical site in Rajgir, efforts are now underway to revive Vikramshila University.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect correct - Vikramshila University was founded by the Pala Emperor Dharmapala in the late 8th or early 9th century CE, not by the Gupta Emperor Kumaragupta I
- while Vikramshila did teach Buddhist philosophy, it was primarily a major center for Vajrayana Buddhism, which had become prominent during the Pala period,
- Dipankara Srijnana, widely known as Atisha, was indeed a very distinguished scholar and rector of Vikramshila University in the 11th century, before he went to Tibet and played a significant role in the revival of Buddhism there.
Context:A decade after the modern Nalanda University was re-established near its historical site in Rajgir, efforts are now underway to revive Vikramshila University.
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Question 2 of 5
2. Question
Consider the following statements about the Regional Rural Banks
- They were established in 1969 following the nationalization of major commercial banks.
- The primary objective of RRBs is to cater to the credit needs of urban industrial workers.
- RRBs are jointly owned by the Central Government, State Government, and Sponsor Bank, with the Central Government holding the majority stake.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct - Regional Rural Banks (RRBs) were established in 1975, after the enactment of the Regional Rural Banks Act in 1976.
- The primary objective of RRBs is to provide credit and other facilities, especially to small and marginal farmers, agricultural laborers, artisans, and small entrepreneurs in rural areas. Their focus is on the rural economy and financial inclusion in those areas.
- The ownership of RRBs is indeed shared in the following proportion: Central Government (50%), the concerned State Government (15%), and the Sponsor Bank (35%). This means the Central Government holds the majority stake.
Context:RRBs achieve a record ₹7,571 crore profit in FY 2023-24; key financial indicators like CRAR, deposits, NPAs CD Ratio show steady improvement.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Incorrect Correct - Regional Rural Banks (RRBs) were established in 1975, after the enactment of the Regional Rural Banks Act in 1976.
- The primary objective of RRBs is to provide credit and other facilities, especially to small and marginal farmers, agricultural laborers, artisans, and small entrepreneurs in rural areas. Their focus is on the rural economy and financial inclusion in those areas.
- The ownership of RRBs is indeed shared in the following proportion: Central Government (50%), the concerned State Government (15%), and the Sponsor Bank (35%). This means the Central Government holds the majority stake.
Context:RRBs achieve a record ₹7,571 crore profit in FY 2023-24; key financial indicators like CRAR, deposits, NPAs CD Ratio show steady improvement.
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Question 3 of 5
3. Question
Consider the following options regarding the Gold Monetization Scheme:
Correct
Option c The scheme allows depositors to earn interest on their idle gold held in the form of bars, coins, and jewelry. Context:The Ministry of Finance has decided to discontinue the Medium Term and Long Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme effective from March 26, 2025.
Incorrect
Option c The scheme allows depositors to earn interest on their idle gold held in the form of bars, coins, and jewelry. Context:The Ministry of Finance has decided to discontinue the Medium Term and Long Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme effective from March 26, 2025.
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Question 4 of 5
4. Question
Consider the following statements about the Bhadra Wildlife Sanctuary
- It is located in the state of Kerala.
- It is known for its population of the endangered Lion-tailed Macaque.
Choose the incorrect statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - Bhadra Wildlife Sanctuary is located in the state of Karnataka.
- While Bhadra Wildlife Sanctuary is home to a variety of wildlife, it is not particularly known for its population of the endangered Lion-tailed Macaque.
Context:The Forest Department is working out a plan for the capture and rehabilitation of wild elephants involving releasing them in a phased manner in the Bhadra Wildlife Sanctuary.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - Bhadra Wildlife Sanctuary is located in the state of Karnataka.
- While Bhadra Wildlife Sanctuary is home to a variety of wildlife, it is not particularly known for its population of the endangered Lion-tailed Macaque.
Context:The Forest Department is working out a plan for the capture and rehabilitation of wild elephants involving releasing them in a phased manner in the Bhadra Wildlife Sanctuary.
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Question 5 of 5
5. Question
Consider the following statements about Privilege motion
- It can be moved against any individual, including those who are not members of the House, for breach of privilege.
- The motion is moved directly in the House and voted upon without prior scrutiny by any committee.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Privilege Motion can be moved against any person, whether a Member of Parliament or an outsider, who is alleged to have committed a breach of privilege of the House or its members.
- While a Privilege Motion is indeed moved in the House, it typically requires the consent of the Speaker (in Lok Sabha) or the Chairman (in Rajya Sabha). If the consent is granted, the matter is usually referred to the Committee of Privileges of the respective houses.
Context:An opposition leader has moved a privilege motion against the Minister of State for Rural Development,
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Privilege Motion can be moved against any person, whether a Member of Parliament or an outsider, who is alleged to have committed a breach of privilege of the House or its members.
- While a Privilege Motion is indeed moved in the House, it typically requires the consent of the Speaker (in Lok Sabha) or the Chairman (in Rajya Sabha). If the consent is granted, the matter is usually referred to the Committee of Privileges of the respective houses.
Context:An opposition leader has moved a privilege motion against the Minister of State for Rural Development,
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