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 with respect to ‘Bharat Ratna’
- It is the highest civilian award of the Republic of India instituted in the year 1954.
- The Award carry monetary grant.
- The number of annual awards is restricted to a maximum of three in a particular year.
Select the correct statement(s)
Correct
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct It is the highest civilian award of the Republic of India. It was instituted in 1954, and conferred ‘in recognition of exceptional service/performance of the highest order’, without distinction of race, occupation, position, or sex.
On conferment of the award, the recipient receives a Sanad (certificate) signed by the President and a medallion. – The Award does not carry any monetary grant.
The number of annual awards is restricted to a maximum of three in a particular year. Context: Recently, the Prime Minister of India announced M.S. Swaminathan, P.V. Narasimha Rao, and Choudhary Charan Singh to get Bharat Ratna.
Incorrect
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Correct Incorrect Correct It is the highest civilian award of the Republic of India. It was instituted in 1954, and conferred ‘in recognition of exceptional service/performance of the highest order’, without distinction of race, occupation, position, or sex.
On conferment of the award, the recipient receives a Sanad (certificate) signed by the President and a medallion. – The Award does not carry any monetary grant.
The number of annual awards is restricted to a maximum of three in a particular year. Context: Recently, the Prime Minister of India announced M.S. Swaminathan, P.V. Narasimha Rao, and Choudhary Charan Singh to get Bharat Ratna.
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Question 2 of 5
2. Question
With reference to ‘Sovereign Gold Bond (SGB) Scheme’, consider the following statements
Statement 1- They are government-backed securities denominated in grams of gold, offering an alternative to investing in physical gold.
Statement 2-The capital gains tax arising on the redemption of SGB is taxable whereas Interest on the bonds will be exempted.
Which one of the following is correct in respect of the above statements?
Correct
Solution (c)
Statement Analysis:
About Sovereign Gold Bond (SGB) Scheme
- SGBs are government securities denominated in grams of gold.
- The SGB Scheme was first launched by the Government of India (GOI) on October 30, 2015.
- They are substitutes for holding physical gold. Investors have to pay the issue price, and the bonds will be redeemed upon maturity.
- The bond is issued by Reserve Bank on behalf of the GOI.
- Who is eligible to invest in the SGBs? The bonds will be restricted for sale to resident Indian entities, including individuals (in their capacity as individuals, or on behalf of minor child, or jointly with any other individual), Hindu Undivided Family (HUF), Trusts, Universities and Charitable Institutions.
- What are the minimum and maximum limits for investment?
- The bonds are issued in denominations of one gram of gold and in multiples thereof.
- The minimum investment in the bond shall be one gram, with a maximum subscription limit of 4 kg for individuals, 4 kg for HUFs, and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year.
- In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
- Tenor: The tenor of the bond will be for a period of 8 years, with an exit option in the 5th, 6th, and 7th years, to be exercised on the interest payment dates.
- Who are the authorized agencies selling the SGBs? Bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges either directly or through their agents.
- Other Features:
- Payment for the Bonds will be through cash payment (up to a maximum of Rs. 20,000/-), or demand draft, or cheque, or electronic banking.
- Investors are assured of the market value of gold at the time of maturity and periodical interest.
- These securities are eligible to be used as collateral for loans from banks, financial Institutions, and Non-Banking Financial Companies (NBFCs).
- Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
- The bonds can also be sold and transferred as per the provisions of Government Securities Act, 2006.
- Interest on the bonds will be taxable as per the provisions of the Income-tax Act, 1961.
- The capital gains tax arising on the redemption of SGB to an individual has been exempted.
Context: The issue price of the next tranche of Sovereign Gold Bond has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement recently..
Incorrect
Solution (c)
Statement Analysis:
About Sovereign Gold Bond (SGB) Scheme
- SGBs are government securities denominated in grams of gold.
- The SGB Scheme was first launched by the Government of India (GOI) on October 30, 2015.
- They are substitutes for holding physical gold. Investors have to pay the issue price, and the bonds will be redeemed upon maturity.
- The bond is issued by Reserve Bank on behalf of the GOI.
- Who is eligible to invest in the SGBs? The bonds will be restricted for sale to resident Indian entities, including individuals (in their capacity as individuals, or on behalf of minor child, or jointly with any other individual), Hindu Undivided Family (HUF), Trusts, Universities and Charitable Institutions.
- What are the minimum and maximum limits for investment?
- The bonds are issued in denominations of one gram of gold and in multiples thereof.
- The minimum investment in the bond shall be one gram, with a maximum subscription limit of 4 kg for individuals, 4 kg for HUFs, and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year.
- In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
- Tenor: The tenor of the bond will be for a period of 8 years, with an exit option in the 5th, 6th, and 7th years, to be exercised on the interest payment dates.
- Who are the authorized agencies selling the SGBs? Bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges either directly or through their agents.
- Other Features:
- Payment for the Bonds will be through cash payment (up to a maximum of Rs. 20,000/-), or demand draft, or cheque, or electronic banking.
- Investors are assured of the market value of gold at the time of maturity and periodical interest.
- These securities are eligible to be used as collateral for loans from banks, financial Institutions, and Non-Banking Financial Companies (NBFCs).
- Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
- The bonds can also be sold and transferred as per the provisions of Government Securities Act, 2006.
- Interest on the bonds will be taxable as per the provisions of the Income-tax Act, 1961.
- The capital gains tax arising on the redemption of SGB to an individual has been exempted.
Context: The issue price of the next tranche of Sovereign Gold Bond has been fixed at Rs 6,263 per gram, the Reserve Bank said in a statement recently..
-
Question 3 of 5
3. Question
With reference to ‘‘Kilkari’’ consider the following statements
- It is a mobile health service offering pregnancy, childbirth, and childcare info through voice messages.
- It is part of Digital Health India Programme.
Select the INCORRECT statement(s)
Correct
Solution (d)
Statement 1 Statement 2 Correct Correct ‘Kilkari’ (meaning ‘a baby’s gurgle’), is an IVR based mobile health service which delivers free, weekly, time-appropriate 72 audio messages about pregnancy, childbirth, and childcare directly to families’ mobile phones from the second trimester of pregnancy until the child is one year old. Kilkari Programme is centrally hosted by MoHFW for all the States/UTs and no further investment in the technology, telephony infrastructure or operational costs is required to be borne by States/UTs. This service is FREE of cost for States/UTs and beneficiaries.
Context: Ministers of State for Health recently launched ‘Kilkari’ programme, a mobile health initiative for beneficiaries, in local content, in Gujarat and Maharashtra as part of Digital Health India Programme.
Incorrect
Solution (d)
Statement 1 Statement 2 Correct Correct ‘Kilkari’ (meaning ‘a baby’s gurgle’), is an IVR based mobile health service which delivers free, weekly, time-appropriate 72 audio messages about pregnancy, childbirth, and childcare directly to families’ mobile phones from the second trimester of pregnancy until the child is one year old. Kilkari Programme is centrally hosted by MoHFW for all the States/UTs and no further investment in the technology, telephony infrastructure or operational costs is required to be borne by States/UTs. This service is FREE of cost for States/UTs and beneficiaries.
Context: Ministers of State for Health recently launched ‘Kilkari’ programme, a mobile health initiative for beneficiaries, in local content, in Gujarat and Maharashtra as part of Digital Health India Programme.
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Question 4 of 5
4. Question
‘Dhokra Shilpkala’ which was recently in news belongs to
Correct
Solution (d)
About Dhokra Shilpkala
- The word “Dhokra” is believed to be derived from the Dhokra Damar tribes, who are the traditional metal smiths of Central India.
- The origins of Dhokra Shilpkala can be traced back to the tribal communities residing in the regions of Chhattisgarh, Jharkhand, West Bengal, and Odisha, where it evolved as an integral part of their cultural and religious practices.
Technique and Process:
- What sets Dhokra Shilpkala apart is its remarkable technique of metal casting, which involves using the lost wax casting method, also known as cire perdue.
Artistry and Designs:
- Its design has rustic charm and the organic nature of its designs.
- Artisans draw inspiration from nature, mythology, and everyday life, incorporating motifs such as animals, birds, deities, and tribal symbols into their creations.
- From miniature figurines and jewelry to larger-than-life sculptures and functional objects, Dhokra Shilpkala encompasses a wide range of artistic expressions.
- Issues: The rapid pace of urbanization, coupled with the rise of mechanized production techniques, has threatened the livelihoods of traditional artisans and endangered this ancient craft.
Context: Chhattisgarh’s Ocher Studio is helping to preserve India’s 4,000-year-old craft- Dhokra Shilpkala
Incorrect
Solution (d)
About Dhokra Shilpkala
- The word “Dhokra” is believed to be derived from the Dhokra Damar tribes, who are the traditional metal smiths of Central India.
- The origins of Dhokra Shilpkala can be traced back to the tribal communities residing in the regions of Chhattisgarh, Jharkhand, West Bengal, and Odisha, where it evolved as an integral part of their cultural and religious practices.
Technique and Process:
- What sets Dhokra Shilpkala apart is its remarkable technique of metal casting, which involves using the lost wax casting method, also known as cire perdue.
Artistry and Designs:
- Its design has rustic charm and the organic nature of its designs.
- Artisans draw inspiration from nature, mythology, and everyday life, incorporating motifs such as animals, birds, deities, and tribal symbols into their creations.
- From miniature figurines and jewelry to larger-than-life sculptures and functional objects, Dhokra Shilpkala encompasses a wide range of artistic expressions.
- Issues: The rapid pace of urbanization, coupled with the rise of mechanized production techniques, has threatened the livelihoods of traditional artisans and endangered this ancient craft.
Context: Chhattisgarh’s Ocher Studio is helping to preserve India’s 4,000-year-old craft- Dhokra Shilpkala
-
Question 5 of 5
5. Question
With reference to ‘Aral Sea’ consider the following statements
- It is a large freshwater lake of Central Asia
- It stands at the boundary between Kazakhstan to the north and Uzbekistan to the south.
- The primary reason for its shrinking is climate change.
How many statement(s) given above are correct
Correct
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect It was once a large saltwater lake of Central Asia and the world’s fourth largest body of inland water. It was made by waters from the Syr Darya and the Amu Darya rivers that were dependent on glacial me
It stands at the boundary between Kazakhstan to the north and Uzbekistan to the south. Reason for its disappearance According to the space agency, in 1960 the Soviet Union undertook a major water diversion project where they diverted the Syr Darya and the Amu Darya rivers for irrigation projects.
Though the project made the desert region surrounding the sea bloom, it had a devastating impact on the Aral Sea.
Context: Recently, NASA’s Earth Observatory posted a detailed analysis of the reason behind Aral Sea’s disappearance.
Incorrect
Solution (a)
Statement Analysis:
Statement 1 Statement 2 Statement 3 Incorrect Correct Incorrect It was once a large saltwater lake of Central Asia and the world’s fourth largest body of inland water. It was made by waters from the Syr Darya and the Amu Darya rivers that were dependent on glacial me
It stands at the boundary between Kazakhstan to the north and Uzbekistan to the south. Reason for its disappearance According to the space agency, in 1960 the Soviet Union undertook a major water diversion project where they diverted the Syr Darya and the Amu Darya rivers for irrigation projects.
Though the project made the desert region surrounding the sea bloom, it had a devastating impact on the Aral Sea.
Context: Recently, NASA’s Earth Observatory posted a detailed analysis of the reason behind Aral Sea’s disappearance.
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