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 Monetary Policy Committee (MPC)
- The Governor of the Reserve Bank of India (RBI) serves as the ex-officio chairperson of the MPC.
- The MPC comprises six members, with three members appointed by the government and three by the RBI.
- The MPC is mandated to meet at least four times a year.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1
Statement 2
Statement 3
correct
correct
correct
The RBI Governor indeed serves as the ex-officio chairperson of the MPC.The MPC consists of six members: three appointed by the Central Government and three by the RBI.
The MPC is required to meet at least four times a year to review the economic situation and make decisions on monetary policy.
Context:The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its meeting in Mumbai, with expectations of a potential rate cut amid efforts to boost consumption-led demand post the Union Budget.
Incorrect
Solution (c)
Statement Analysis
Statement 1
Statement 2
Statement 3
correct
correct
correct
The RBI Governor indeed serves as the ex-officio chairperson of the MPC.The MPC consists of six members: three appointed by the Central Government and three by the RBI.
The MPC is required to meet at least four times a year to review the economic situation and make decisions on monetary policy.
Context:The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its meeting in Mumbai, with expectations of a potential rate cut amid efforts to boost consumption-led demand post the Union Budget.
-
Question 2 of 5
2. Question
Consider the following statements about the NVS-02 navigation satellite
- It is the second satellite in the second generation of the Indian Regional Navigation Satellite System (IRNSS).
- It carries an indigenous atomic clock developed by Indian scientists.
- It transmits signals in multiple bands, including L5 and S bands, for enhanced accuracy and coverage.
How many of the statements given above are correct?
Correct
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct correct - NVS-02 is indeed the second satellite in the NVS series, which represents the second generation of IRNSS satellites.
- significant feature of the NVS series is the inclusion of an indigenous atomic clock, a crucial component for precise timekeeping in navigation systems
- NVS satellites transmit signals in multiple frequency bands, including L5 and S bands. This multi-band capability enhances accuracy, signal availability, and coverage, especially in challenging environments.
Context:The partial failure of the NVS-02 navigation satellite marks another setback for India’s indigenous Navigation with Indian Constellation (NavIC) system, highlighting challenges in maintaining a fully operational satellite navigation network.
Incorrect
Solution (c)
Statement Analysis
Statement 1 Statement 2 Statement 3 correct correct correct - NVS-02 is indeed the second satellite in the NVS series, which represents the second generation of IRNSS satellites.
- significant feature of the NVS series is the inclusion of an indigenous atomic clock, a crucial component for precise timekeeping in navigation systems
- NVS satellites transmit signals in multiple frequency bands, including L5 and S bands. This multi-band capability enhances accuracy, signal availability, and coverage, especially in challenging environments.
Context:The partial failure of the NVS-02 navigation satellite marks another setback for India’s indigenous Navigation with Indian Constellation (NavIC) system, highlighting challenges in maintaining a fully operational satellite navigation network.
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Question 3 of 5
3. Question
Which of the following best describes “beggar-thy-neighbor” policies?
Correct
Option b Beggar-thy-neighbor” policies are characterized by actions taken by one country to improve its own economic situation, often by harming the economies of other countries. These policies typically involve protectionist measures like tariffs, quotas, or currency manipulation, which aim to boost domestic industries and exports while restricting imports. While such policies might offer short-term benefits to the initiating country, they often lead to retaliatory measures from other nations, ultimately harming global trade and economic stability. Context:The concept of beggar-thy-neighbour policies is in the news primarily due to the rise of protectionist measures by major economies.
Incorrect
Option b Beggar-thy-neighbor” policies are characterized by actions taken by one country to improve its own economic situation, often by harming the economies of other countries. These policies typically involve protectionist measures like tariffs, quotas, or currency manipulation, which aim to boost domestic industries and exports while restricting imports. While such policies might offer short-term benefits to the initiating country, they often lead to retaliatory measures from other nations, ultimately harming global trade and economic stability. Context:The concept of beggar-thy-neighbour policies is in the news primarily due to the rise of protectionist measures by major economies.
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Question 4 of 5
4. Question
Consider the following statements about the Fort William
- It was built by the British East India Company after the Battle of Plassey.
- It was named after King William III of England.
Choose the incorrect statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - The first Fort William was built before the Battle of Plassey. It was after the Battle of Plassey that the British realized the need for a stronger, more fortified structure, leading to the construction of the current Fort William.
- The fort is indeed named after King William III of England.
Context:Fort William, the historic British-era military fortification in Kolkata, has been renamed “Vijay Durg” as part of the Indian government’s efforts to shed colonial legacies and promote indigenous traditions.
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 Incorrect correct - The first Fort William was built before the Battle of Plassey. It was after the Battle of Plassey that the British realized the need for a stronger, more fortified structure, leading to the construction of the current Fort William.
- The fort is indeed named after King William III of England.
Context:Fort William, the historic British-era military fortification in Kolkata, has been renamed “Vijay Durg” as part of the Indian government’s efforts to shed colonial legacies and promote indigenous traditions.
-
Question 5 of 5
5. Question
Consider the following statements about the Grameen Credit Score
- It is a credit scoring system specifically designed for microfinance borrowers, particularly in rural areas.
- It relies heavily on traditional credit bureau data and financial history.
Choose the correct statements:
Correct
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Grameen credit scoring is indeed tailored for microfinance clients, often in rural areas, who may lack formal credit histories.
- A key feature of Grameen credit scoring is that it doesn’t rely heavily on traditional credit bureau data, as many microfinance borrowers have limited or no access to formal financial systems.
Context:The Grameen Credit Score, introduced in the Union Budget 2025 by Finance Minister, aims to enhance financial inclusion for rural women entrepreneurs and Self-Help Groups (SHGs).
Incorrect
Solution (a)
Statement Analysis
Statement 1 Statement 2 correct Incorrect - Grameen credit scoring is indeed tailored for microfinance clients, often in rural areas, who may lack formal credit histories.
- A key feature of Grameen credit scoring is that it doesn’t rely heavily on traditional credit bureau data, as many microfinance borrowers have limited or no access to formal financial systems.
Context:The Grameen Credit Score, introduced in the Union Budget 2025 by Finance Minister, aims to enhance financial inclusion for rural women entrepreneurs and Self-Help Groups (SHGs).
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