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 with respect to ‘Infrastructure Investment Trusts (InvITs)’
- InvIT contains investment in real infrastructure assets like roads, power plants and pipelines etc
- They are regulated under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
- SEBI has allowed Foreign Direct Investment in InvITs, but has barred Foreign Portfolio Investment
Choose the correct answer using the code given below
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. While mutual funds invest the sum received in financial securities, an InvIT invests the same in real infrastructure assets like roads, power plants, transmission lines, pipelines etc. Sebi notified the Sebi (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of InvITs in India. The objective of InvITs is to facilitate investment in the infrastructure sector. An announcement was made in the Union Budget 2021-22 that debt financing of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by Foreign Portfolio Investors (FPIs) will be enabled by making suitable amendments in the relevant legislations. FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR. Context – InvITs were in news.
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Incorrect An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. While mutual funds invest the sum received in financial securities, an InvIT invests the same in real infrastructure assets like roads, power plants, transmission lines, pipelines etc. Sebi notified the Sebi (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of InvITs in India. The objective of InvITs is to facilitate investment in the infrastructure sector. An announcement was made in the Union Budget 2021-22 that debt financing of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by Foreign Portfolio Investors (FPIs) will be enabled by making suitable amendments in the relevant legislations. FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR. Context – InvITs were in news.
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Question 2 of 5
2. Question
‘The Lions’ Den’, a militant group recently seen in news are based in
Correct
Solution(c)
The Lions’ Den is an armed Palestinian terrorist group operating in the Israeli-occupied West Bank. It was formed in 2022 by former members of other Palestinian militant organizations and is reportedly based in the Old City of Nablus.
Context – The group recently accused Israel of carrying out killings in West Bank
Incorrect
Solution(c)
The Lions’ Den is an armed Palestinian terrorist group operating in the Israeli-occupied West Bank. It was formed in 2022 by former members of other Palestinian militant organizations and is reportedly based in the Old City of Nablus.
Context – The group recently accused Israel of carrying out killings in West Bank
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Question 3 of 5
3. Question
Consider the following statements with respect to ‘Foreign Contribution (Regulation) Act’
- The Act requires every person or NGO wishing to receive foreign donations to be registered
- The Act prohibits receipt of foreign funds by candidates for elections, judges and government servants etc
- FCRA registration is valid for a period of three years and is expected to be renewed six months before expiry
- Ministry of Home Affairs is the nodal Ministry for handling FCRA registrations and all its orders can be challenged in High Court
Choose the correct answer using the code given below
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Statement 4 Correct Correct Incorrect Correct Broadly, the FCRA requires every person or NGO wishing to receive foreign donations to be registered under the Act, to open a bank account for the receipt of the foreign funds in State Bank of India, Delhi, and to utilise those funds only for the purpose for which they have been received, and as stipulated in the Act. The Act prohibits receipt of foreign funds by candidates for elections, journalists or newspaper and media broadcast companies, judges and government servants, members of legislature and political parties or their office-bearers, and organisations of a political nature. Once granted, FCRA registration is valid for five years. NGOs are expected to apply for renewal within six months of the date of expiry of registration. In case of failure to apply for renewal, the registration is deemed to have expired. The MHA is required to approve or reject the application within 90 days — failing which it is expected to inform the NGO of the reasons for the same. Once the registration of an NGO is cancelled, it is not eligible for re-registration for three years. All orders of the government can be challenged in the High Court. Context – The Ministry of Home Affairs cancelled the Foreign Contribution (Regulation) Act (FCRA) licence of Rajiv Gandhi Foundation (RGF) and Rajiv Gandhi Charitable Trust (RGCT)
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Statement 4 Correct Correct Incorrect Correct Broadly, the FCRA requires every person or NGO wishing to receive foreign donations to be registered under the Act, to open a bank account for the receipt of the foreign funds in State Bank of India, Delhi, and to utilise those funds only for the purpose for which they have been received, and as stipulated in the Act. The Act prohibits receipt of foreign funds by candidates for elections, journalists or newspaper and media broadcast companies, judges and government servants, members of legislature and political parties or their office-bearers, and organisations of a political nature. Once granted, FCRA registration is valid for five years. NGOs are expected to apply for renewal within six months of the date of expiry of registration. In case of failure to apply for renewal, the registration is deemed to have expired. The MHA is required to approve or reject the application within 90 days — failing which it is expected to inform the NGO of the reasons for the same. Once the registration of an NGO is cancelled, it is not eligible for re-registration for three years. All orders of the government can be challenged in the High Court. Context – The Ministry of Home Affairs cancelled the Foreign Contribution (Regulation) Act (FCRA) licence of Rajiv Gandhi Foundation (RGF) and Rajiv Gandhi Charitable Trust (RGCT)
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Question 4 of 5
4. Question
Consider the following statements with respect to ‘Basmati Rice production in India’
- It is prominently grown in the Himalayan foothills of the Indian sub-continent
- Most of the exports of Indian basmati is to West Asian countries
Select the correct statement(s)
Correct
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct “Basmati” is long grain aromatic rice grown for many centuries in a specific geographical area, in the Himalayan foothills of the Indian sub-continent. India is known for its Basmati rice, with seven States — Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Delhi, Uttar Pradesh and Uttarakhand — earmarked for geographical indication (GI). 75% of the export is to West Asian countries, European Union countries also import Indian Basmati. Iran, Saudi Arab, Iraq, United Arab EMTs, U S A and Yemen Republic are the major destinations of export. Context – Five new varieties of seeds of Basmati rice were developed recently.
Incorrect
Solution(c)
Statement Analysis:
Statement 1 Statement 2 Correct Correct “Basmati” is long grain aromatic rice grown for many centuries in a specific geographical area, in the Himalayan foothills of the Indian sub-continent. India is known for its Basmati rice, with seven States — Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Delhi, Uttar Pradesh and Uttarakhand — earmarked for geographical indication (GI). 75% of the export is to West Asian countries, European Union countries also import Indian Basmati. Iran, Saudi Arab, Iraq, United Arab EMTs, U S A and Yemen Republic are the major destinations of export. Context – Five new varieties of seeds of Basmati rice were developed recently.
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘World Anti-Doping Code’
- The provisions of the WADC are enforced by the UNGA International Convention Against Doping in Sport
- The code harmonizes anti-doping policies, rules, and regulations within sport organizations and among public authorities
Select the correct statement(s)
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct The World Anti-Doping Agency is a foundation initiated by the International Olympic Committee based in Canada to promote, coordinate, and monitor the fight against drugs in sports. The agency’s key activities include scientific research, education, development of anti-doping capacities, and monitoring of the World Anti-Doping Code, whose provisions are enforced by the UNESCO International Convention Against Doping in Sport. The code “harmonizes anti-doping policies, rules, and regulations within sport organizations and among public authorities” for the purpose of “protect[ing] the athletes’ fundamental right to participate in doping-free sport”. Context – An Indian discus thrower was banned for three years for testing positive for a banned substance
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Incorrect Correct The World Anti-Doping Agency is a foundation initiated by the International Olympic Committee based in Canada to promote, coordinate, and monitor the fight against drugs in sports. The agency’s key activities include scientific research, education, development of anti-doping capacities, and monitoring of the World Anti-Doping Code, whose provisions are enforced by the UNESCO International Convention Against Doping in Sport. The code “harmonizes anti-doping policies, rules, and regulations within sport organizations and among public authorities” for the purpose of “protect[ing] the athletes’ fundamental right to participate in doping-free sport”. Context – An Indian discus thrower was banned for three years for testing positive for a banned substance
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