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 ‘Solar Energy Corporation of India’
- It is the only Central Public Sector Undertaking (PSU) dedicated to the solar energy sector
- SECI is responsible for determining solar power tariffs in India
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect “Solar Energy Corporation of India ltd” (SECI) is a CPSU under the administrative control of the Ministry of New and Renewable Energy (MNRE), set up on 20th Sept, 2011 to facilitate the implementation of NSM and achievement of targets set therein. It is the only CPSU dedicated to the solar energy sector. It was originally incorporated as a section-25 (not for profit) company under the Companies Act, 1956. Central Electricity Regulation Commission(CERC) is responsible for regulating the tariff of generating companies owned or controlled by the Government of India Context – The delegation of Solar Energy Corporation of India (SECI) headed by its Managing Director visited COP 27, Sharm El Sheikh, Egypt.
Incorrect
Solution(a)
Statement Analysis:
Statement 1 Statement 2 Correct Incorrect “Solar Energy Corporation of India ltd” (SECI) is a CPSU under the administrative control of the Ministry of New and Renewable Energy (MNRE), set up on 20th Sept, 2011 to facilitate the implementation of NSM and achievement of targets set therein. It is the only CPSU dedicated to the solar energy sector. It was originally incorporated as a section-25 (not for profit) company under the Companies Act, 1956. Central Electricity Regulation Commission(CERC) is responsible for regulating the tariff of generating companies owned or controlled by the Government of India Context – The delegation of Solar Energy Corporation of India (SECI) headed by its Managing Director visited COP 27, Sharm El Sheikh, Egypt.
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Question 2 of 5
2. Question
‘Takeover code’ seen in news recently is used in the context of
Correct
Solution(c)
The Takeover Code seeks to ensure that the securities market in India operates in a fair, equitable and transparent manner. Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or the Takeover Code governs disclosure and mandatory bid obligation norms for the companies listed on recognised stock exchanges in the country.
Context – The Security and Exchange Board of India made amendments to the takeover code.
Incorrect
Solution(c)
The Takeover Code seeks to ensure that the securities market in India operates in a fair, equitable and transparent manner. Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or the Takeover Code governs disclosure and mandatory bid obligation norms for the companies listed on recognised stock exchanges in the country.
Context – The Security and Exchange Board of India made amendments to the takeover code.
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Question 3 of 5
3. Question
With reference to ‘DigiLocker’, consider the following statements
- The issued documents in DigiLocker system are deemed to be at par with original physical documents
- It is a flagship initiative of Ministry of Electronics & IT (MeitY) under Digital India programme
- DigiLocker can only be used to securely store e-documents as of now
Choose the correct answer using the code given below
Correct
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect The issued documents in DigiLocker system are deemed to be at par with original physical documents as per Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries providing Digital Locker facilities) Rules, 2016. DigiLocker is an Indian digitization online service provided by Ministry of Electronics and Information Technology (MeitY), Government of India under its Digital India initiative. DigiLocker provides an account in cloud to every Aadhaar holder to access authentic documents/certificates such as driving license, vehicle registration, academic mark sheet in digital format from the original issuers of these certificates. Apart from e-documents, DigiLocker can store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments. Context – DigiLocker, the authentic documents exchange platform under the Ministry of Electronics and Information Technology has successfully completed its second-level of integration with Ayushman Bharat Digital Mission (ABDM).
Incorrect
Solution(b)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect The issued documents in DigiLocker system are deemed to be at par with original physical documents as per Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries providing Digital Locker facilities) Rules, 2016. DigiLocker is an Indian digitization online service provided by Ministry of Electronics and Information Technology (MeitY), Government of India under its Digital India initiative. DigiLocker provides an account in cloud to every Aadhaar holder to access authentic documents/certificates such as driving license, vehicle registration, academic mark sheet in digital format from the original issuers of these certificates. Apart from e-documents, DigiLocker can store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments. Context – DigiLocker, the authentic documents exchange platform under the Ministry of Electronics and Information Technology has successfully completed its second-level of integration with Ayushman Bharat Digital Mission (ABDM).
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Question 4 of 5
4. Question
Consider the following pairs
Species: IUCN status
- Indian Skimmer: Near Threatened
- Snow Leopard: Vulnerable
- Himalayan Gray Langur: Endangered
- Chital: Least Concern
Which of the pair(s) given above is/are correctly matched
Correct
Solution(c)
Indian Skimmer Endangered Snow Leopard Vulnerable Himalayan Gray Langur Endangered Chital Least Concern Context – These species were in news
Incorrect
Solution(c)
Indian Skimmer Endangered Snow Leopard Vulnerable Himalayan Gray Langur Endangered Chital Least Concern Context – These species were in news
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Currency Monitoring List’
- It is a list of countries that are monitored for currency manipulation by the International Monetary Fund
- A fall in the value of currency by ten or more percentage points over the last fiscal year is one of the criteria to added to the list
Select the correct statement(s)
Correct
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The list is maintained by the United States Department of Treasury. Currency Monitoring List consists of major trading partners that merit close attention to their currency practices and macroeconomic policies. There are three criteria the US Treasury looks at in placing a country on the watch list: 1. Significant trade surplus with the US (at least $20 billion in 12 months)
2. A large current account surplus (at least 2 per cent of GDP over a 12-month period) 3.“Persistent”, one-sided intervention (when net purchases of foreign currency totalling at least 2 per cent of the country’s GDP over a 12-month period are conducted repeatedly, in at least six out of 12 months). The countries that meet two out of the three criteria are placed on the watch list.
Context – India is among the few countries recently removed from the United States Currency Monitoring List which is released by the Department of Treasury.
Incorrect
Solution(d)
Statement Analysis:
Statement 1 Statement 2 Incorrect Incorrect The list is maintained by the United States Department of Treasury. Currency Monitoring List consists of major trading partners that merit close attention to their currency practices and macroeconomic policies. There are three criteria the US Treasury looks at in placing a country on the watch list: 1. Significant trade surplus with the US (at least $20 billion in 12 months)
2. A large current account surplus (at least 2 per cent of GDP over a 12-month period) 3.“Persistent”, one-sided intervention (when net purchases of foreign currency totalling at least 2 per cent of the country’s GDP over a 12-month period are conducted repeatedly, in at least six out of 12 months). The countries that meet two out of the three criteria are placed on the watch list.
Context – India is among the few countries recently removed from the United States Currency Monitoring List which is released by the Department of Treasury.
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