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 Stablecoins
- They are cryptocurrencies whose value is pegged to that of another currency, commodity, or financial instrument.
- Unlike cryptocurrencies like Bitcoin, stablecoins’ prices remain steady.
- They are open, global, and accessible to anyone on the internet.
Choose the correct statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · They are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. · Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC).
· Unlike cryptocurrencies like Bitcoin, stablecoins’ prices remain steady, in accordance with whichever fiat currency backs them. · Eg: USDC stablecoin is backed by dollar-denominated assets.
Benefits: · They are open, global, and accessible to anyone on the internet.
· They’re fast, cheap and secure to transmit.
Context: The United States Congress recently made an attempt to create a legislative framework for the increasingly popular stablecoins.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Correct · They are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. · Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC).
· Unlike cryptocurrencies like Bitcoin, stablecoins’ prices remain steady, in accordance with whichever fiat currency backs them. · Eg: USDC stablecoin is backed by dollar-denominated assets.
Benefits: · They are open, global, and accessible to anyone on the internet.
· They’re fast, cheap and secure to transmit.
Context: The United States Congress recently made an attempt to create a legislative framework for the increasingly popular stablecoins.
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Question 2 of 5
2. Question
Consider the following statements about Indian Wild Buffalo
- Indian Wild Buffalo are mainly found in the alluvial grasslands and marshes.
- Indian Wild Buffalo is the state animal of Chhattisgarh.
- Indian Wild Buffalo’s IUCN conservation status is Vulnerable.
Choose the incorrect statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect · The Indian Wild Buffalo is a large species of bovine native to the Indian Sub-continent and South East Asia. Habitat: is mainly found in the alluvial grasslands, marshes, swamps and river valleys. · In India, they are generally concentrated in North East India in Kaziranga National Park, Manas and Dibru-Saikhowa National Parks, Laokhowa Wildlife Sanctuary and Bura Chapori Wildlife Sanctuary, D’Ering Memorial Wildlife Sanctuary in Arunachal Pradesh.
Conservation Status IUCN: Endangered
Wild Life (Protection) Act, 1972: Schedule 1
Context: Recently, the Chhattisgarh forest department has carried out a successful translocation of four sub-adult wild buffaloes from Assam to Barnawapara wildlife sanctuary.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Correct Correct Incorrect · The Indian Wild Buffalo is a large species of bovine native to the Indian Sub-continent and South East Asia. Habitat: is mainly found in the alluvial grasslands, marshes, swamps and river valleys. · In India, they are generally concentrated in North East India in Kaziranga National Park, Manas and Dibru-Saikhowa National Parks, Laokhowa Wildlife Sanctuary and Bura Chapori Wildlife Sanctuary, D’Ering Memorial Wildlife Sanctuary in Arunachal Pradesh.
Conservation Status IUCN: Endangered
Wild Life (Protection) Act, 1972: Schedule 1
Context: Recently, the Chhattisgarh forest department has carried out a successful translocation of four sub-adult wild buffaloes from Assam to Barnawapara wildlife sanctuary.
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Question 3 of 5
3. Question
Consider the following statements about Aranmula Mirror
- It is an indigenous product of Tamil Nadu and has received GI tag.
- The uniqueness of this mirror is its front reflection, unlike the back reflection in normal glass mirrors
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · Aranmula Kannadi literally means the mirror of Aranmula, a small town in Pathanamthitta district, Kerala. It was the first craft item from the state to receive a geographical indication tag in 2005. · The uniqueness of this mirror is its front reflection, unlike the back reflection in normal glass mirrors. This means the reflective surface is placed on a back support, as opposed to regular mirrors where the reflective surface is behind glass. · These mirrors also have a cultural significance in Kerala: It is regarded as one of the eight auspicious objects (ashtamangalya) displayed during religious festivals or auspicious occasions and ceremonies.
· It is believed to bring prosperity, luck and wealth into the life of its custodian.
Context: On the eve of vishu, the Aranmula mirrors are crafted in a fast pace.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · Aranmula Kannadi literally means the mirror of Aranmula, a small town in Pathanamthitta district, Kerala. It was the first craft item from the state to receive a geographical indication tag in 2005. · The uniqueness of this mirror is its front reflection, unlike the back reflection in normal glass mirrors. This means the reflective surface is placed on a back support, as opposed to regular mirrors where the reflective surface is behind glass. · These mirrors also have a cultural significance in Kerala: It is regarded as one of the eight auspicious objects (ashtamangalya) displayed during religious festivals or auspicious occasions and ceremonies.
· It is believed to bring prosperity, luck and wealth into the life of its custodian.
Context: On the eve of vishu, the Aranmula mirrors are crafted in a fast pace.
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Question 4 of 5
4. Question
Consider the following statements about IBSA Forum
- It is a Trilateral Dialogue Forum of India, Brazil and South Africa which was created in the year 1993.
- IBSA Fund is managed by the UN Office for South-South Cooperation (UNOSSC).
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · It is a Trilateral Dialogue Forum of India, Brazil and South Africa which was created in the year 2003. · The grouping was formalised under the name of the IBSA Dialogue Forum under the Brasilia Declaration.
IBSA Fund: · It was established in 2004 which facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries.
· It is managed by the UN Office for South-South Cooperation (UNOSSC).
Context: The trilateral India-Brazil-South Africa forum is likely to receive increased diplomatic focus, according to persons aware of the matter.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect Correct · It is a Trilateral Dialogue Forum of India, Brazil and South Africa which was created in the year 2003. · The grouping was formalised under the name of the IBSA Dialogue Forum under the Brasilia Declaration.
IBSA Fund: · It was established in 2004 which facilitates the execution of human development projects to advance the fight against poverty and hunger in developing countries.
· It is managed by the UN Office for South-South Cooperation (UNOSSC).
Context: The trilateral India-Brazil-South Africa forum is likely to receive increased diplomatic focus, according to persons aware of the matter.
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Question 5 of 5
5. Question
Bihu dance, recently seen in news, is an indigenous folk dance of which of the following Indian state?
Correct
Solution (b)
Option b Correct Bihu Dance · It is a folk dance from the Indian state of Assam related to the festival of Bihu.
· This dance is performed by both young men and women.
· The three types of Bihu dance festival are Bohag Bihu, Kongali Bihu and Bhogali Bihu.
· The most important of the 3 Bihu festival is the spring festival “Bohag Bihu” or Rangali Bihu celebrated in the middle of April, signifies the beginning of the New Year according to the Assamese calendar.
· The celebrations of these 3 festivals are dependent upon the crop cycle.
· Songs sung in Bihu are woven around themes of love and often carry erotic overtones.
· Dancers wear traditionally colorful Assamese clothing.
· Mekhela is a cylindrically shaped outfit worn on the lower half of the body, the chador is draped like a shawl to cover the upper half.
· The attires are usually made from Muga silk, which is exclusively produced in Assam.
· Women dancers also wear ethnic heavy jewellery and beautify their braids with colourful flowers.
· It was a proud moment for the state when professional Bihu dancers performed at the London Olympics in 2012.
Context: The largest Bihu performance is in a bid to enter the Guinness Book of World Records.
Incorrect
Solution (b)
Option b Correct Bihu Dance · It is a folk dance from the Indian state of Assam related to the festival of Bihu.
· This dance is performed by both young men and women.
· The three types of Bihu dance festival are Bohag Bihu, Kongali Bihu and Bhogali Bihu.
· The most important of the 3 Bihu festival is the spring festival “Bohag Bihu” or Rangali Bihu celebrated in the middle of April, signifies the beginning of the New Year according to the Assamese calendar.
· The celebrations of these 3 festivals are dependent upon the crop cycle.
· Songs sung in Bihu are woven around themes of love and often carry erotic overtones.
· Dancers wear traditionally colorful Assamese clothing.
· Mekhela is a cylindrically shaped outfit worn on the lower half of the body, the chador is draped like a shawl to cover the upper half.
· The attires are usually made from Muga silk, which is exclusively produced in Assam.
· Women dancers also wear ethnic heavy jewellery and beautify their braids with colourful flowers.
· It was a proud moment for the state when professional Bihu dancers performed at the London Olympics in 2012.
Context: The largest Bihu performance is in a bid to enter the Guinness Book of World Records.
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