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 Asian Development Bank
- The ADB is a multilateral development finance institution established in 1966 and headquartered in Manila, Philippines.
- Borrowings from international capital markets is the primary source of funding for the Asian Development Bank (ADB).
- China is the largest shareholder of the Asian Development Bank (ADB).
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Incorrect - The ADB is a multilateral development finance institution established in 1966 and headquartered in Manila, Philippines.
- Borrowings from international capital markets is the primary source of funding for the Asian Development Bank (ADB).
- Japan is the largest shareholder of the Asian Development Bank (ADB).
Context: Government of India and ADB sign $50 million loan for climate-adaptative water harvesting project in Meghalaya
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct Incorrect - The ADB is a multilateral development finance institution established in 1966 and headquartered in Manila, Philippines.
- Borrowings from international capital markets is the primary source of funding for the Asian Development Bank (ADB).
- Japan is the largest shareholder of the Asian Development Bank (ADB).
Context: Government of India and ADB sign $50 million loan for climate-adaptative water harvesting project in Meghalaya
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Question 2 of 5
2. Question
Consider the following statements about Cryptocurrency
- Primary function of blockchain technology in cryptocurrency is to regulate the supply of cryptocurrency.
- Cryptocurrencies are decentralized, meaning they are not controlled by any government or financial institution.
- Bitcoin is the first and most widely recognized cryptocurrency.
How many of the statements given above are correct?
Correct
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - Primary function of blockchain technology in cryptocurrency is to provide a secure and decentralized ledger for transactions
- While cryptocurrencies were initially conceived as decentralized and beyond government control, their growing popularity and potential impact on the global financial system have prompted regulatory responses.
- Governments are taking various approaches to regulate cryptocurrencies.
Bitcoin (BTC): - The original and most well-known cryptocurrency.
- Often referred to as “digital gold” due to its limited supply.
- Uses blockchain technology to secure transactions
Context:Cryptocurrency use is on surge in India.
Incorrect
Solution (b)
Statement Analysis
Statement 1 Statement 2 Statement 3 Incorrect correct correct - Primary function of blockchain technology in cryptocurrency is to provide a secure and decentralized ledger for transactions
- While cryptocurrencies were initially conceived as decentralized and beyond government control, their growing popularity and potential impact on the global financial system have prompted regulatory responses.
- Governments are taking various approaches to regulate cryptocurrencies.
Bitcoin (BTC): - The original and most well-known cryptocurrency.
- Often referred to as “digital gold” due to its limited supply.
- Uses blockchain technology to secure transactions
Context:Cryptocurrency use is on surge in India.
-
Question 3 of 5
3. Question
Which of the following statement is correct about Gaza Strip?
Correct
Solution (c)
Option c Correct Key Points about the Gaza Strip: - Political Status: The Gaza Strip is one of the two Palestinian territories, along with the West Bank. Both are claimed by the State of Palestine.
- Palestinian territory located on the Mediterranean coast of the Middle East. It borders Egypt to the south and Israel to the east and north.
- Governance: Since 2007, the Gaza Strip has been governed by Hamas, a Palestinian Islamist militant group.
- Israeli Occupation: Israel has maintained control over the Gaza Strip’s airspace, coastline, and borders, leading to a blockade that has significantly impacted the region’s economy and humanitarian situation.
- Humanitarian Crisis: The Gaza Strip has faced numerous humanitarian crises due to the ongoing Israeli-Palestinian conflict, including frequent military operations, blockades, and internal political divisions.
Context: Is Israel’s war in Gaza putting the global order at peril( The Hindu)
Incorrect
Solution (c)
Option c Correct Key Points about the Gaza Strip: - Political Status: The Gaza Strip is one of the two Palestinian territories, along with the West Bank. Both are claimed by the State of Palestine.
- Palestinian territory located on the Mediterranean coast of the Middle East. It borders Egypt to the south and Israel to the east and north.
- Governance: Since 2007, the Gaza Strip has been governed by Hamas, a Palestinian Islamist militant group.
- Israeli Occupation: Israel has maintained control over the Gaza Strip’s airspace, coastline, and borders, leading to a blockade that has significantly impacted the region’s economy and humanitarian situation.
- Humanitarian Crisis: The Gaza Strip has faced numerous humanitarian crises due to the ongoing Israeli-Palestinian conflict, including frequent military operations, blockades, and internal political divisions.
Context: Is Israel’s war in Gaza putting the global order at peril( The Hindu)
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Question 4 of 5
4. Question
Consider the following statements about the Finance Commission
- The Commission is responsible for recommending the distribution of taxes between the Union ,States and Panchayati Raj institutions.
- Members of the Finance Commission are appointed by the Prime Minister of India.
Choose the incorrect statements:
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - The Commission is responsible for recommending the distribution of taxes between the Union and the States.
- Members of the Finance Commission are appointed by the President of India.
Context: States and the challenge before the Finance Commission ( The Hindu news)
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Incorrect Incorrect - The Commission is responsible for recommending the distribution of taxes between the Union and the States.
- Members of the Finance Commission are appointed by the President of India.
Context: States and the challenge before the Finance Commission ( The Hindu news)
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Question 5 of 5
5. Question
Consider the following statements about the Lieutenant governor of Union territories in India
- The Lieutenant Governor is the constitutional head of a Union Territory.
- Term of office of the Lieutenant Governor is fixed for 5 years and not at the President’s pleasure unlike Governor of state.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - That’s correct. The Lieutenant Governor is indeed the constitutional head of five of the eight Union Territories in India.
- They are appointed by the President of India and hold office at the President’s pleasure.
- However, it’s important to note that the powers and responsibilities of a Lieutenant Governor vary depending on the specific Union Territory.
- In some Union Territories, like Delhi and Puducherry, where there is an elected legislative assembly, the role of the Lieutenant Governor is more ceremonial. In others, like the Andaman and Nicobar Islands and Ladakh, the Lieutenant Governor has more executive powers
- The lieutenant governor is appointed by the President of India for a term of five years, and holds office at the President’s pleasure.
Context: Friction between L-G and CM grows in J&K
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - That’s correct. The Lieutenant Governor is indeed the constitutional head of five of the eight Union Territories in India.
- They are appointed by the President of India and hold office at the President’s pleasure.
- However, it’s important to note that the powers and responsibilities of a Lieutenant Governor vary depending on the specific Union Territory.
- In some Union Territories, like Delhi and Puducherry, where there is an elected legislative assembly, the role of the Lieutenant Governor is more ceremonial. In others, like the Andaman and Nicobar Islands and Ladakh, the Lieutenant Governor has more executive powers
- The lieutenant governor is appointed by the President of India for a term of five years, and holds office at the President’s pleasure.
Context: Friction between L-G and CM grows in J&K
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