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
- ‘Aabhar Collection’, recently supported by Indian Railways, is associated with:
Correct
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Solution (c)
Explanation:
‘Aabhar Collection’ is a curated online store on the Government e-Marketplace (GeM) featuring handicrafts, handlooms, artisan-produced foods, and GI/ODOP products. Indian Railways has instructed its units to use this store for official gifting to support local artisans and “Vocal for Local” initiatives.Incorrect
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Solution (c)
Explanation:
‘Aabhar Collection’ is a curated online store on the Government e-Marketplace (GeM) featuring handicrafts, handlooms, artisan-produced foods, and GI/ODOP products. Indian Railways has instructed its units to use this store for official gifting to support local artisans and “Vocal for Local” initiatives. -
Question 2 of 5
2. Question
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Consider the following statements regarding Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI):
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FDI generally involves transfer of ownership, management control, and long-term commitment in the host country, whereas FPI represents short-term capital inflows with no control over management.
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A sudden withdrawal of FPI flows can lead to volatility in the exchange rate and financial markets, while FDI is considered a more stable source of external capital.
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In the Balance of Payments (BoP) classification, FDI is recorded under the Current Account, while FPI is recorded under the Capital Account.
How many of the above statements is/are correct?
Correct
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Solution (b)
Explanation:
- FDI comes with ownership and managerial control, indicating long-term commitment, whereas FPI is a short-term financial investment without any control over business decisions. Hence Statement 1 is correct
- FPI can move in and out quickly and is therefore associated with exchange rate and market volatility, while FDI is more stable. Hence Statement 2 is correct
- Both FDI and FPI are recorded in the Capital Account of the Balance of Payments. Hence Statement 3 is incorrect
Incorrect
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Solution (b)
Explanation:
- FDI comes with ownership and managerial control, indicating long-term commitment, whereas FPI is a short-term financial investment without any control over business decisions. Hence Statement 1 is correct
- FPI can move in and out quickly and is therefore associated with exchange rate and market volatility, while FDI is more stable. Hence Statement 2 is correct
- Both FDI and FPI are recorded in the Capital Account of the Balance of Payments. Hence Statement 3 is incorrect
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Question 3 of 5
3. Question
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Consider the following statements regarding the Asia-Pacific Economic Cooperation (APEC):
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APEC operates on the principle of voluntary cooperation and non-binding commitments, unlike many formal trade blocs that have legal enforcement mechanisms.
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India is a founding member of APEC and has full membership status, allowing it to participate in all ministerial and leader-level meetings.
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One of the core objectives of APEC is to promote free and open trade and investment in the Asia-Pacific region, especially through reduction of trade barriers.
How many of the above statements is/are incorrect?
Correct
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Solution (a)
Explanation:
- APEC functions on the basis of voluntary cooperation and consensus, and its commitments are non-binding. Hence Statement 1 is correct
- India is not a member of APEC. India has shown interest and has applied earlier, but the membership has been on hold. Hence Statement 2 is incorrect
Promoting free and open trade and investment in the Asia-Pacific region is a key objective of APEC (linked to the Bogor Goals). Hence Statement 3 is correct
Incorrect
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Solution (a)
Explanation:
- APEC functions on the basis of voluntary cooperation and consensus, and its commitments are non-binding. Hence Statement 1 is correct
- India is not a member of APEC. India has shown interest and has applied earlier, but the membership has been on hold. Hence Statement 2 is incorrect
Promoting free and open trade and investment in the Asia-Pacific region is a key objective of APEC (linked to the Bogor Goals). Hence Statement 3 is correct
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Question 4 of 5
4. Question
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Consider the following statements regarding Nauradehi Wildlife Sanctuary:
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Nauradehi Wildlife Sanctuary is located in Madhya Pradesh and forms an important part of the proposed corridor linking Panna Tiger Reserve and Satpura Tiger Reserve.
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It has been identified as a potential site for the Cheetah reintroduction programme due to its large grassland ecosystems and low human disturbance.
Which of the above statements is/are incorrect?
Correct
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Solution (d)
Explanation:
- Nauradehi Wildlife Sanctuary is situated in Madhya Pradesh and is considered significant in forming a landscape-level corridor connecting Panna and Satpura Tiger Reserves. Hence Statement 1 is correct
It was one of the identified sites for the Cheetah reintroduction project, owing to its savanna-like grasslands and relatively low human pressure, although Kuno National Park was prioritized in the first phase. Hence Statement 2 is correct
Incorrect
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Solution (d)
Explanation:
- Nauradehi Wildlife Sanctuary is situated in Madhya Pradesh and is considered significant in forming a landscape-level corridor connecting Panna and Satpura Tiger Reserves. Hence Statement 1 is correct
It was one of the identified sites for the Cheetah reintroduction project, owing to its savanna-like grasslands and relatively low human pressure, although Kuno National Park was prioritized in the first phase. Hence Statement 2 is correct
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Question 5 of 5
5. Question
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Consider the following statements regarding the Model Youth Gram Sabha (MYGS) Initiative:
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The MYGS initiative is implemented jointly by the Ministry of Panchayati Raj, the Ministry of Education, and the Ministry of Tribal Affairs, with the aim of promoting experiential learning on grassroots democracy.
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The initiative is aligned with the National Education Policy (NEP) 2020, and initially covers schools such as JNVs, EMRSs, and select state government schools, where students simulate Gram Sabha proceedings.
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Under this initiative, each participating school receives ₹50,000 for conducting activities and organizing mock Gram Sabha sessions at the school level.
How many of the above statements is/are correct?
Correct
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Solution (b)
Explanation:
- The initiative is a joint effort of the Ministry of Panchayati Raj, Ministry of Education, and Ministry of Tribal Affairs to promote practical understanding of grassroots democracy. Hence Statement 1 is correct
- It is aligned with NEP 2020 and is being implemented initially in JNVs, EMRSs, and selected state government schools, where students take up roles and conduct mock Gram Sabha sessions. Hence Statement 2 is correct
- The amount provided per school is ₹20,000, not ₹50,000. Hence Statement 3 is incorrect
Incorrect
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Solution (b)
Explanation:
- The initiative is a joint effort of the Ministry of Panchayati Raj, Ministry of Education, and Ministry of Tribal Affairs to promote practical understanding of grassroots democracy. Hence Statement 1 is correct
- It is aligned with NEP 2020 and is being implemented initially in JNVs, EMRSs, and selected state government schools, where students take up roles and conduct mock Gram Sabha sessions. Hence Statement 2 is correct
- The amount provided per school is ₹20,000, not ₹50,000. Hence Statement 3 is incorrect
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