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 the CRR Cash Reserve Ratio
- The CRR is a monetary policy tool used by the Reserve Bank of India (RBI) to regulate the amount of cash that commercial banks are required to maintain with themselves.
- The CRR is expressed as a percentage of a bank’s net demand and time liabilities (NDTL).
- Increased money supply in the economy is a consequence of a higher CRR.
How many of the statements given above are correct?
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct Incorrect - The Cash Reserve Ratio (CRR) is a crucial monetary policy tool employed by the Reserve Bank of India (RBI) to regulate the amount of funds that commercial banks must hold in reserve with the central bank.
- The Cash Reserve Ratio (CRR) is indeed expressed as a percentage of a bank’s Net Demand and Time Liabilities (NDTL).
NDTL includes:
- Demand deposits (like savings and current accounts)
- Time deposits (like fixed deposits)
- By adjusting the CRR, the Reserve Bank of India (RBI) can influence the amount of money that banks can lend, thereby impacting the overall money supply in the economy
- A higher CRR actually leads to a decrease in the money supply.
Here’s how it works:
- Reduced Lending Capacity: When the CRR is increased, banks have to keep a larger portion of their deposits with the RBI. This reduces the amount of money available for lending
Context: RBI policy meet starts: Will central bank go for CRR cut (IE)
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct Incorrect - The Cash Reserve Ratio (CRR) is a crucial monetary policy tool employed by the Reserve Bank of India (RBI) to regulate the amount of funds that commercial banks must hold in reserve with the central bank.
- The Cash Reserve Ratio (CRR) is indeed expressed as a percentage of a bank’s Net Demand and Time Liabilities (NDTL).
NDTL includes:
- Demand deposits (like savings and current accounts)
- Time deposits (like fixed deposits)
- By adjusting the CRR, the Reserve Bank of India (RBI) can influence the amount of money that banks can lend, thereby impacting the overall money supply in the economy
- A higher CRR actually leads to a decrease in the money supply.
Here’s how it works:
- Reduced Lending Capacity: When the CRR is increased, banks have to keep a larger portion of their deposits with the RBI. This reduces the amount of money available for lending
Context: RBI policy meet starts: Will central bank go for CRR cut (IE)
-
Question 2 of 5
2. Question
Consider the following statements about the Fertility rate in India
- The Total Fertility Rate (TFR) in India has declined from 3.4 in 1999-2000 to 2.3 in 2019-2020.
- Bihar and Uttar Pradesh are the only states in India have a Total Fertility Rate (TFR) above 4.
- Kerala is the only state having TFR below replacement.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Correct Incorrect - This is correct. The Total Fertility Rate (TFR) in India has indeed declined significantly over the past two decades, from 3.4 in 1999-2000 to 2.3 in 2019-2020.
- This decline is a positive trend as it indicates a slowing population growth rate
Based on the latest data from the National Family Health Survey (NFHS-5), the following states in India have a Total Fertility Rate (TFR) above 4: - Bihar
- Uttar Pradesh
These two states have the highest TFRs in India, indicating a higher population growth rate compared to other states.
While Kerala has historically been a state with a low fertility rate, it’s not the only state with a TFR below the replacement level. Several other states and union territories in India have also achieved this milestone, including: - Tamil Nadu
- Andhra Pradesh
- Goa
- Sikkim
- Delhi
- Puducherry
- Chandigarh
- Ladakh
- Lakshadweep
Context:Why concern about India’s falling fertility rate is misplaced [The Indian Express]
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct Correct Incorrect - This is correct. The Total Fertility Rate (TFR) in India has indeed declined significantly over the past two decades, from 3.4 in 1999-2000 to 2.3 in 2019-2020.
- This decline is a positive trend as it indicates a slowing population growth rate
Based on the latest data from the National Family Health Survey (NFHS-5), the following states in India have a Total Fertility Rate (TFR) above 4: - Bihar
- Uttar Pradesh
These two states have the highest TFRs in India, indicating a higher population growth rate compared to other states.
While Kerala has historically been a state with a low fertility rate, it’s not the only state with a TFR below the replacement level. Several other states and union territories in India have also achieved this milestone, including: - Tamil Nadu
- Andhra Pradesh
- Goa
- Sikkim
- Delhi
- Puducherry
- Chandigarh
- Ladakh
- Lakshadweep
Context:Why concern about India’s falling fertility rate is misplaced [The Indian Express]
-
Question 3 of 5
3. Question
Who are the members of the Gulf Cooperation Council (GCC)?
Correct
Solution (a)
Option a Correct The Gulf Cooperation Council (GCC) is a regional intergovernmental political and economic union comprising six Middle Eastern countries: - Saudi Arabia
- Kuwait
- United Arab Emirates (UAE)
- Qatar
- Bahrain
- Oman
Context:PM Modi confident of strengthening India-GCC ties under Kuwait’s ongoing Presidency
Incorrect
Solution (a)
Option a Correct The Gulf Cooperation Council (GCC) is a regional intergovernmental political and economic union comprising six Middle Eastern countries: - Saudi Arabia
- Kuwait
- United Arab Emirates (UAE)
- Qatar
- Bahrain
- Oman
Context:PM Modi confident of strengthening India-GCC ties under Kuwait’s ongoing Presidency
-
Question 4 of 5
4. Question
Consider the following statements about the
- Sand mining is regulated only under the Mines and Minerals (Development and Regulation) Act, 1957.
- Ministry of Mines is responsible for granting environmental clearance for sand mining projects in India.
Choose the incorrect statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect While the Mines and Minerals (Development and Regulation) Act, 1957, is the primary legislation governing sand mining, it’s not the sole regulatory framework. Several other laws and regulations also play a significant role in managing sand mining activities: - Environment (Protection) Act, 1986: This act mandates environmental impact assessments for sand mining projects, ensuring minimal ecological damage.
- River Regulation Acts: State-specific river regulation acts govern sand mining in riverbeds, considering factors like river ecology and water flow.
- Coastal Regulation Zone (CRZ) Notification: This notification regulates sand mining in coastal areas to protect coastal ecosystems and prevent erosion.
That’s incorrect. The Ministry of Environment, Forest and Climate Change (MoEF&CC) is primarily responsible for granting environmental clearance for sand mining projects in India. - The Ministry of Mines primarily deals with major minerals like coal, iron ore, etc. While it plays a role in regulating the mining sector, environmental clearance for sand mining, which is categorized as a minor mineral, is the purview of the MoEF&CC.
Context: Top court directs five States to provide facts and figures on illegal sand-mining( The Hindu)
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect While the Mines and Minerals (Development and Regulation) Act, 1957, is the primary legislation governing sand mining, it’s not the sole regulatory framework. Several other laws and regulations also play a significant role in managing sand mining activities: - Environment (Protection) Act, 1986: This act mandates environmental impact assessments for sand mining projects, ensuring minimal ecological damage.
- River Regulation Acts: State-specific river regulation acts govern sand mining in riverbeds, considering factors like river ecology and water flow.
- Coastal Regulation Zone (CRZ) Notification: This notification regulates sand mining in coastal areas to protect coastal ecosystems and prevent erosion.
That’s incorrect. The Ministry of Environment, Forest and Climate Change (MoEF&CC) is primarily responsible for granting environmental clearance for sand mining projects in India. - The Ministry of Mines primarily deals with major minerals like coal, iron ore, etc. While it plays a role in regulating the mining sector, environmental clearance for sand mining, which is categorized as a minor mineral, is the purview of the MoEF&CC.
Context: Top court directs five States to provide facts and figures on illegal sand-mining( The Hindu)
-
Question 5 of 5
5. Question
Consider the following statements about the Polavaram Project
- The Polavaram Project is a multi-purpose irrigation project located on the Krishna River in Andhra Pradesh.
- The project is still under construction and will provide irrigation facilities to the farmers of Andhra Pradesh
Choose the correct statements:
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - That’s incorrect. The Polavaram Project is actually located on the Godavari River, not the Krishna River.
- It’s a major irrigation project in Andhra Pradesh, India.
- The Polavaram Project is indeed still under construction and is expected to provide significant irrigation benefits to the farmers of Andhra Pradesh once completed.
Context: Polavaram Dam project( The Hindu news)
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - That’s incorrect. The Polavaram Project is actually located on the Godavari River, not the Krishna River.
- It’s a major irrigation project in Andhra Pradesh, India.
- The Polavaram Project is indeed still under construction and is expected to provide significant irrigation benefits to the farmers of Andhra Pradesh once completed.
Context: Polavaram Dam project( The Hindu news)
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