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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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Consider the following statements with respect to ‘Circular trading’
Select the correct statement(s)
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Correct |
| Circular trading refers to fraudulently availing input tax credit by traders by issuing of invoices without availing any real goods or service. In simple words, circular trading refers to the transaction of selling and buying of goods (without actual movement of goods) through shell companies. Round tripping refers to money that leaves the country though various channels and makes its way back into the country often as foreign investment. | The main objective of circular trading is inflating turnover of the business. However, through circular trading, companies may also aim to: To increase the valuation of the company/business; To benefit higher loans from the Banks or Non-Banking Financial Corporation (NBFC); To bring black money into the system; To avail fake input tax credit. |
Context – The issue of circular trading could be taken up by the Goods and Services Tax (GST) Council soon
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Correct |
| Circular trading refers to fraudulently availing input tax credit by traders by issuing of invoices without availing any real goods or service. In simple words, circular trading refers to the transaction of selling and buying of goods (without actual movement of goods) through shell companies. Round tripping refers to money that leaves the country though various channels and makes its way back into the country often as foreign investment. | The main objective of circular trading is inflating turnover of the business. However, through circular trading, companies may also aim to: To increase the valuation of the company/business; To benefit higher loans from the Banks or Non-Banking Financial Corporation (NBFC); To bring black money into the system; To avail fake input tax credit. |
Context – The issue of circular trading could be taken up by the Goods and Services Tax (GST) Council soon
‘Americium’ seen in news recently is a/an
Solution(b)
Americium is a synthetic radioactive chemical element. Most americium is produced by uranium or plutonium being bombarded with neutrons in nuclear reactors – one tonne of spent nuclear fuel contains about 100 grams of americium. It is widely used in commercial ionization chamber smoke detectors, as well as in neutron sources and industrial gauges.
Context – ESA developing batteries to help power space stations.
Solution(b)
Americium is a synthetic radioactive chemical element. Most americium is produced by uranium or plutonium being bombarded with neutrons in nuclear reactors – one tonne of spent nuclear fuel contains about 100 grams of americium. It is widely used in commercial ionization chamber smoke detectors, as well as in neutron sources and industrial gauges.
Context – ESA developing batteries to help power space stations.
Consider the following statements
Select the INCORRECT statement(s)
Solution(d)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Correct |
| Cactus is a Xerophytic Plant which though grows relatively at a slower pace. It is adapted to grow in an arid and semi-arid climate | Cactus can be used as– biofuel, food, fodder and in bio fertiliser production. Plantations of cacti will help in the restoration of degraded land. It helps in achieving Nationally Determined Contributions and Sustainable Development Goals besides contributing to employment and income generation for poor farmers. |
Context – Union Minister of Rural Development held a meeting on ‘Cactus Plantation and its Economic Usage’
Solution(d)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Correct |
| Cactus is a Xerophytic Plant which though grows relatively at a slower pace. It is adapted to grow in an arid and semi-arid climate | Cactus can be used as– biofuel, food, fodder and in bio fertiliser production. Plantations of cacti will help in the restoration of degraded land. It helps in achieving Nationally Determined Contributions and Sustainable Development Goals besides contributing to employment and income generation for poor farmers. |
Context – Union Minister of Rural Development held a meeting on ‘Cactus Plantation and its Economic Usage’
Consider the following statements with respect to ‘Pradhan Mantri Surakshit Matritva Abhiyan programme (PMSMA)’
Choose the correct answer using the code given below
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Correct | Incorrect |
| The Pradhan Mantri Surakshit Matritva Abhiyan has been launched by the Ministry of Health & Family Welfare (MoHFW), Government of India. | One of the critical components of the Abhiyan is identification and follow up of high risk pregnancies. A sticker indicating the condition and risk factor of the pregnant women would be added onto MCP card for each visit: Green Sticker- for women with no risk factor detected Red Sticker – for women with high risk pregnancy | The program aims to provide assured, comprehensive and quality antenatal care, free of cost, universally to all pregnant women on the 9th of every month. It guarantees a minimum package of antenatal care services to women in their 2nd / 3rd trimesters of pregnancy at designated government health facilities. |
Context – More than 3 crore 60 lakh pregnant women receive comprehensive antenatal care under PMSMA
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Correct | Incorrect |
| The Pradhan Mantri Surakshit Matritva Abhiyan has been launched by the Ministry of Health & Family Welfare (MoHFW), Government of India. | One of the critical components of the Abhiyan is identification and follow up of high risk pregnancies. A sticker indicating the condition and risk factor of the pregnant women would be added onto MCP card for each visit: Green Sticker- for women with no risk factor detected Red Sticker – for women with high risk pregnancy | The program aims to provide assured, comprehensive and quality antenatal care, free of cost, universally to all pregnant women on the 9th of every month. It guarantees a minimum package of antenatal care services to women in their 2nd / 3rd trimesters of pregnancy at designated government health facilities. |
Context – More than 3 crore 60 lakh pregnant women receive comprehensive antenatal care under PMSMA
Consider the following statements with respect to ‘Aichi Biodiversity Targets’
Choose the correct answer using the code given below
Solution(c)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Incorrect | Correct |
| The Aichi Biodiversity Targets laid out a 10-year plan (Strategic Plan for Biodiversity 2011-2020), which had 20 global biodiversity targets, divided under five goals, with a deadline of 2020. The Convention on Biological Diversity (CBD) adopted the Aichi Biodiversity Targets at the Nagoya conference in 2010. | After parties adopted the Aichi Targets, they were expected to devise their own national biodiversity strategies that would mimic the goals laid out by Aichi. Nearly all parties created these strategies, but most were never fully implemented. | Target 4 of ABT – By 2020, at the latest, Governments, business and stakeholders at all levels have taken steps to achieve or have implemented plans for sustainable production and consumption and have kept the impacts of use of natural resources well within safe ecological limits. |
Context – Delegates from 196 countries — Parties to the United Nations Convention on Biological Diversity (CBD) — are meeting in Montreal, Canada from December 7-21 with the aim to hammer out a new global agreement on halting environmental loss.
Solution(c)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Incorrect | Correct |
| The Aichi Biodiversity Targets laid out a 10-year plan (Strategic Plan for Biodiversity 2011-2020), which had 20 global biodiversity targets, divided under five goals, with a deadline of 2020. The Convention on Biological Diversity (CBD) adopted the Aichi Biodiversity Targets at the Nagoya conference in 2010. | After parties adopted the Aichi Targets, they were expected to devise their own national biodiversity strategies that would mimic the goals laid out by Aichi. Nearly all parties created these strategies, but most were never fully implemented. | Target 4 of ABT – By 2020, at the latest, Governments, business and stakeholders at all levels have taken steps to achieve or have implemented plans for sustainable production and consumption and have kept the impacts of use of natural resources well within safe ecological limits. |
Context – Delegates from 196 countries — Parties to the United Nations Convention on Biological Diversity (CBD) — are meeting in Montreal, Canada from December 7-21 with the aim to hammer out a new global agreement on halting environmental loss.
