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 Loss and Damages Fund
- It is an initiative of the Coalition for Disaster Resilient Infrastructure (CDRI)
- It aims to provide financial assistance to poor nations stricken by climate disaster.
- The Santiago Network on vulnerable developing countries is associated with this fund.
Choose the incorrect statements:
Correct
Solution (d)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · Delegates at the U.N.’s climate conference in Sharm el-Sheikh, Egypt (COP27) thrashed out an agreement to establish a ‘Loss and Damages’ fund. · The COP27 is part of the United Nations Climate Change Conference (UNFCC).
· It aims to provide financial assistance to poor nations stricken by climate disaster. · The parties also agreed on the institutional arrangements to operationalize the Santiago Network for Loss and Damage. · The network aims to catalyse technical assistance to developing countries that are particularly vulnerable to the adverse effects of climate change.
Context: Delegates at the U.N.’s climate conference in Sharm el-Sheikh, Egypt (COP27) thrashed out an agreement to establish a ‘Loss and Damages’ fund.
Incorrect
Solution (d)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · Delegates at the U.N.’s climate conference in Sharm el-Sheikh, Egypt (COP27) thrashed out an agreement to establish a ‘Loss and Damages’ fund. · The COP27 is part of the United Nations Climate Change Conference (UNFCC).
· It aims to provide financial assistance to poor nations stricken by climate disaster. · The parties also agreed on the institutional arrangements to operationalize the Santiago Network for Loss and Damage. · The network aims to catalyse technical assistance to developing countries that are particularly vulnerable to the adverse effects of climate change.
Context: Delegates at the U.N.’s climate conference in Sharm el-Sheikh, Egypt (COP27) thrashed out an agreement to establish a ‘Loss and Damages’ fund.
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Question 2 of 5
2. Question
Consider the following statements about Stampede liquidation
- It is the act of multiple market participants wanting to withdraw their deposits at once, in panic leading to a severe correction in the price.
- It generally occurs post-economic booms, with highly leveraged investments first in line.
Choose the correct statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Stampede liquidation is the act of multiple market participants wanting to withdraw their deposits at once, or willing to sell a specific asset in panic leading to a severe correction in the price. · Stampede liquidation, at a large scale, generally occurs post-economic booms, with highly leveraged investments first in line. Context: A crypto fall triggered ‘stampede’ liquidation – the world of cryptocurrencies and decentralised digital finance struggle to stay afloat with one of the reasons being the burgeoning pressure placed upon them through central banks.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Correct Correct · Stampede liquidation is the act of multiple market participants wanting to withdraw their deposits at once, or willing to sell a specific asset in panic leading to a severe correction in the price. · Stampede liquidation, at a large scale, generally occurs post-economic booms, with highly leveraged investments first in line. Context: A crypto fall triggered ‘stampede’ liquidation – the world of cryptocurrencies and decentralised digital finance struggle to stay afloat with one of the reasons being the burgeoning pressure placed upon them through central banks.
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Question 3 of 5
3. Question
Consider the following statements about Gandhi-Mandela Award
- It is the award jointly awarded by the Governments of India and South Africa
- The award is given to personalities who have carried forward the legacies of Gandhi and Mandela and made contributions in the fields of Peace.
- The 14th Dalai Lama was conferred the Gandhi Mandela Award 2022.
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · The award is awarded by Gandhi Mandela Foundation, it is a New Delhi based non-profit organisation, established in 2019. · It works under the aegis of Interactive Forum on Indian Economy, a Govt. of India Recognized 80G, 12A Complaint.
· It is committed to the ideas of Mahatma Gandhi and Nelson Mandela, and has constituted India’s first International Award, The Gandhi Mandela Award.
· The award honours exemplary work and achievements of the Heads of State and Government and other distinguished persons/organizations around the world. · These awards will be given to personalities who have made significant contribution in the fields of Peace, Social Welfare, Culture, Environment, Education, Healthcare, Sports and Innovation.
· The 14th Dalai Lama was conferred the Gandhi Mandela Award 2022. Context – The 14th Dalai Lama was recently conferred the Gandhi Mandela Award 2022 by Himachal Pradesh governor Rajendra Vishwanath Arlekar.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect Correct Correct · The award is awarded by Gandhi Mandela Foundation, it is a New Delhi based non-profit organisation, established in 2019. · It works under the aegis of Interactive Forum on Indian Economy, a Govt. of India Recognized 80G, 12A Complaint.
· It is committed to the ideas of Mahatma Gandhi and Nelson Mandela, and has constituted India’s first International Award, The Gandhi Mandela Award.
· The award honours exemplary work and achievements of the Heads of State and Government and other distinguished persons/organizations around the world. · These awards will be given to personalities who have made significant contribution in the fields of Peace, Social Welfare, Culture, Environment, Education, Healthcare, Sports and Innovation.
· The 14th Dalai Lama was conferred the Gandhi Mandela Award 2022. Context – The 14th Dalai Lama was recently conferred the Gandhi Mandela Award 2022 by Himachal Pradesh governor Rajendra Vishwanath Arlekar.
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Question 4 of 5
4. Question
‘Network Readiness Index’ seen in news is given by
Correct
Solution(c)
The NRI report is released by Portulans Institute, an independent non-profit, nonpartisan research and educational institute based in Washington DC. It places maps network-based readiness landscape of 131 economies based on their performances in four different pillars: Technology, People, Governance, and Impact covering a total of 58 variables.
Context – India has climbed up six places to 61st rank in the Network Readiness Index 2022 report.
Incorrect
Solution(c)
The NRI report is released by Portulans Institute, an independent non-profit, nonpartisan research and educational institute based in Washington DC. It places maps network-based readiness landscape of 131 economies based on their performances in four different pillars: Technology, People, Governance, and Impact covering a total of 58 variables.
Context – India has climbed up six places to 61st rank in the Network Readiness Index 2022 report.
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Question 5 of 5
5. Question
Consider the following statements with respect to ‘Global Partnership on Artificial Intelligence (GPAI)’
- It works in collaboration with industry, civil society and academia to promote responsible evolution of AI
- The secretariat of GPAI is hosted at the G-20 and India is a founding member
Select the correct statement(s)
Correct
Solution(a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect GPAI works in collaboration with partners and international organisations, leading experts from industry, civil society, governments, and academia to collaborate to promote responsible evolution of AI and guide the responsible development and use of AI, grounded in human rights, inclusion, diversity, innovation, and economic growth. GPAI is a congregation of 25 member countries, including the US, the UK, EU, Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea, and Singapore. India had in 2020 joined the group as a founding member. Its Secretariat is hosted at the OECD. Context – India took over as Council Chair of Global Partnership on AI (GPAI)
Incorrect
Solution(a)
Statement Analysis
Statement 1 Statement 2 Correct Incorrect GPAI works in collaboration with partners and international organisations, leading experts from industry, civil society, governments, and academia to collaborate to promote responsible evolution of AI and guide the responsible development and use of AI, grounded in human rights, inclusion, diversity, innovation, and economic growth. GPAI is a congregation of 25 member countries, including the US, the UK, EU, Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea, and Singapore. India had in 2020 joined the group as a founding member. Its Secretariat is hosted at the OECD. Context – India took over as Council Chair of Global Partnership on AI (GPAI)
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