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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.

Pos.	Name	Entered on	Points	Result
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Statement 1	Statement 2
Incorrect	Incorrect
Countervailing duties or CVDs are tariffs on imported goods that are imposed to offset subsidies given by the exporting country’s government. The WTO only permits countervailing duties to be charged after the importing nation has conducted an in-depth investigation into the subsidized exports	An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

Statement 1	Statement 2
Incorrect	Incorrect
Countervailing duties or CVDs are tariffs on imported goods that are imposed to offset subsidies given by the exporting country’s government. The WTO only permits countervailing duties to be charged after the importing nation has conducted an in-depth investigation into the subsidized exports	An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

Statement 1	Statement 2
Correct	Correct
The tribe predominantly weaves shawls known as jig-jiro and jilan or jackets called supuntarii. The people here use different leaves and plant resources for organic dying the cotton yarns in their traditional ways. And only women folk are engaged in weaving.	The Apatani are a tribe inhabiting the Ziro Valley of Lower Subansiri District of Arunachal Pradesh. The Apatani practice aquaculture alongwith rice farming on their plots. Rice – fish culture in the valley is a unique practice in the state where two crops of rice (Mipya and Emoh) and one crop of fish (Ngihi) are raised together

Statement 1	Statement 2
Correct	Correct
The tribe predominantly weaves shawls known as jig-jiro and jilan or jackets called supuntarii. The people here use different leaves and plant resources for organic dying the cotton yarns in their traditional ways. And only women folk are engaged in weaving.	The Apatani are a tribe inhabiting the Ziro Valley of Lower Subansiri District of Arunachal Pradesh. The Apatani practice aquaculture alongwith rice farming on their plots. Rice – fish culture in the valley is a unique practice in the state where two crops of rice (Mipya and Emoh) and one crop of fish (Ngihi) are raised together

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Statement 1	Statement 2
Incorrect	Correct
The capital conservation buffer (CCoB) is a capital buffer amounting to 2.5% of a bank’s total exposures during normal times. It must be made up of Common Equity Tier 1 capital. This buffer is in addition to the 4.5% minimum requirement for Common Equity Tier 1 capital.	In 2010, Basel III guidelines were released The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity

Statement 1	Statement 2
Incorrect	Correct
The capital conservation buffer (CCoB) is a capital buffer amounting to 2.5% of a bank’s total exposures during normal times. It must be made up of Common Equity Tier 1 capital. This buffer is in addition to the 4.5% minimum requirement for Common Equity Tier 1 capital.	In 2010, Basel III guidelines were released The guidelines aim to promote a more resilient banking system by focusing on four vital banking parameters viz. capital, leverage, funding and liquidity