For Previous Daily Quiz (ARCHIVES) – CLICK HERE
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.
Gear up and Make the Best Use of this initiative.
Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!”
0 of 5 questions completed
Questions:
To view Solutions, follow these instructions:
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the test.
You have to finish following test, to start this test:
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have scored 0 points out of 0 points, (0)
| Average score |
|
| Your score |
|
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
Which of the following statements is/are correct regarding International Fund for Agricultural Development (IFAD):
Choose the correct answer from the codes given below:
Solution (c)
The International Fund for Agricultural Development is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries.
It is the only multilateral development organization that focuses solely on rural economies and food security.
It is headquartered in Rome, Italy.
IFAD was established as an international financial institution in 1977 through United Nations General Assembly Resolution as one of the major outcomes of the 1974 World Food Conference.
It funds and sponsors initiatives that improve land and water management, develop rural infrastructure, train and educate farmers in more efficient technologies, build up resilience against climate change, enhancing market accessibility, and more.
India is the founding member of IFAD.
Article Link: Ahead of IUCN event, IFAD calls for more investment to protect biodiversity
Solution (c)
The International Fund for Agricultural Development is an international financial institution and a specialised agency of the United Nations that works to address poverty and hunger in rural areas of developing countries.
It is the only multilateral development organization that focuses solely on rural economies and food security.
It is headquartered in Rome, Italy.
IFAD was established as an international financial institution in 1977 through United Nations General Assembly Resolution as one of the major outcomes of the 1974 World Food Conference.
It funds and sponsors initiatives that improve land and water management, develop rural infrastructure, train and educate farmers in more efficient technologies, build up resilience against climate change, enhancing market accessibility, and more.
India is the founding member of IFAD.
Article Link: Ahead of IUCN event, IFAD calls for more investment to protect biodiversity
With reference to Purchasing Managers’ Index (PMI), consider the following statements:
Which of the above statements is/are correct?
Solution (d)
PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and services sectors.
It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before. It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
The PMI is derived from a series of qualitative questions. Executives from a reasonably big sample, running into hundreds of firms, are asked whether key indicators such as output, new orders, business expectations and employment were stronger than the month before and are asked to rate them.
A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater the expansion or contraction.
The rate of expansion can also be judged by comparing the PMI with that of the previous month data. If the figure is higher than the previous month’s then the economy is expanding at a faster rate. If it is lower than the previous month then it is growing at a lower rate.
The PMI is usually released at the start of the month, much before most of the official data on industrial output, manufacturing and GDP growth becomes available. It is, therefore, considered a good leading indicator of economic activity.
Economists consider the manufacturing growth measured by the PMI as a good indicator of industrial output, for which official statistics are released later. Central banks of many countries also use the index to help make decisions on interest rates.
Article Link: Indian services activity rebounds at fastest pace in 18 months in August amid rising business orders
Solution (d)
PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and services sectors.
It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before. It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
The PMI is derived from a series of qualitative questions. Executives from a reasonably big sample, running into hundreds of firms, are asked whether key indicators such as output, new orders, business expectations and employment were stronger than the month before and are asked to rate them.
A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater the expansion or contraction.
The rate of expansion can also be judged by comparing the PMI with that of the previous month data. If the figure is higher than the previous month’s then the economy is expanding at a faster rate. If it is lower than the previous month then it is growing at a lower rate.
The PMI is usually released at the start of the month, much before most of the official data on industrial output, manufacturing and GDP growth becomes available. It is, therefore, considered a good leading indicator of economic activity.
Economists consider the manufacturing growth measured by the PMI as a good indicator of industrial output, for which official statistics are released later. Central banks of many countries also use the index to help make decisions on interest rates.
Article Link: Indian services activity rebounds at fastest pace in 18 months in August amid rising business orders
Which of the following statements is/are correct regarding Financial Stability and Development Council (FSDC)?
Choose the correct answer from the codes given below:
Solution (a)
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India.
Composition of the council:
Chairperson: The Union Finance Minister of India
Members:
Functions of FSDC:
Article Link: FSDC asks regulators to keep steady vigil on financial sector
Solution (a)
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India.
Composition of the council:
Chairperson: The Union Finance Minister of India
Members:
Functions of FSDC:
Article Link: FSDC asks regulators to keep steady vigil on financial sector
The objective of SHAKTI scheme is:
Solution (b)
The SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy was approved in May 2017 with the intent of better allocation of coal to present and future power plants.
It aims to phase out the present Letter of Assurance and Fuel Supply Agreement (FSA)-based regime, and instead introduce a more transparent and competitive coal allocation policy.
Article Link: Power ministry agrees to 3 coal auction windows under Shakti scheme
Solution (b)
The SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy was approved in May 2017 with the intent of better allocation of coal to present and future power plants.
It aims to phase out the present Letter of Assurance and Fuel Supply Agreement (FSA)-based regime, and instead introduce a more transparent and competitive coal allocation policy.
Article Link: Power ministry agrees to 3 coal auction windows under Shakti scheme
Which of the following protected area lies in the estuarine region of Brahmani – Baitarani Rivers and is the second largest mangrove ecosystem in India?
Solution (a)
Bhitarkanika National Park is located in Kendrapara district in Odisha.
It was designated as National Park in 1998 and obtained the status of a Ramsar site in 2002.
Bhitarkanika is one such location of rich, lush green vibrant ecosystem lying in the estuarine region of Brahmani – Baitaran Rivers.
It is the 2nd largest Mangrove ecosystems of India after sundarbans.
The park is home to the saltwater crocodile, Indian python, black ibis, wild boar, rhesus monkey, chital, darter, cobra, monitor lizard. Olive ridley turtles nest on Gahirmatha and other nearby beaches. Bhitarkanika has one of the largest populations of endangered saltwater crocodile in India.
Article Link: Experts express concern over diversion of fresh water from Odisha’s Brahmani river
Solution (a)
Bhitarkanika National Park is located in Kendrapara district in Odisha.
It was designated as National Park in 1998 and obtained the status of a Ramsar site in 2002.
Bhitarkanika is one such location of rich, lush green vibrant ecosystem lying in the estuarine region of Brahmani – Baitaran Rivers.
It is the 2nd largest Mangrove ecosystems of India after sundarbans.
The park is home to the saltwater crocodile, Indian python, black ibis, wild boar, rhesus monkey, chital, darter, cobra, monitor lizard. Olive ridley turtles nest on Gahirmatha and other nearby beaches. Bhitarkanika has one of the largest populations of endangered saltwater crocodile in India.
Article Link: Experts express concern over diversion of fresh water from Odisha’s Brahmani river
