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The following quiz will have 5-10 MCQs. The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2021. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
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Puucho CURRENT AFFAIRS QUIZ 2020
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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
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Question 1 of 5
1 points
The gross revenue receipts (GRR) as per the modelling done by the 15th Finance Commission for the five-year period comes to ₹154 trillion. In this context, the gross revenue receipts (GRR) for the Centre includes
- Dividend payment of the Reserve Bank of India
- Revenue from spectrum auction
- Cess and surcharge
Select the correct answer code:
CorrectSolution: d)
The gross revenue receipts (GRR) in our modelling for the five-year period comes to ₹154 trillion. Take out from that the dividend payment of the Reserve Bank of India and spectrum prices, and you get gross tax revenue (GTR) of ₹134 trillion, which is what the Finance Commission looks at and which is the only sharable portion. If you take out cess and surcharge and other non-sharable part of GTR, the divisible pool comes to ₹101-102 trillion and 41% of it gives you about ₹42 trillion.
IncorrectSolution: d)
The gross revenue receipts (GRR) in our modelling for the five-year period comes to ₹154 trillion. Take out from that the dividend payment of the Reserve Bank of India and spectrum prices, and you get gross tax revenue (GTR) of ₹134 trillion, which is what the Finance Commission looks at and which is the only sharable portion. If you take out cess and surcharge and other non-sharable part of GTR, the divisible pool comes to ₹101-102 trillion and 41% of it gives you about ₹42 trillion.
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Question 2 of 5
1 points
Consider the following statements regarding Five Eyes alliance.
- The Five Eyes alliance is an intelligence-sharing arrangement between US, UK, Canada, Australia and New Zealand.
- It evolved during the Cold War as a mechanism for monitoring the Soviet Union.
Which of the above statements is/are incorrect?
CorrectSolution: d)
The Five Eyes alliance is an intelligence-sharing arrangement between US, UK, Canada, Australia and New Zealand. It evolved during the Cold War as a mechanism for monitoring the Soviet Union and sharing classified intelligence. It is often described as the world’s most successful intelligence alliance. But recently it has suffered an embarrassing setback.
IncorrectSolution: d)
The Five Eyes alliance is an intelligence-sharing arrangement between US, UK, Canada, Australia and New Zealand. It evolved during the Cold War as a mechanism for monitoring the Soviet Union and sharing classified intelligence. It is often described as the world’s most successful intelligence alliance. But recently it has suffered an embarrassing setback.
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Question 3 of 5
1 points
Consider the following statements.
- The International Day for the Preservation of the Ozone Layer originates from the Montreal Protocol that regulates the output and use of ozone-depleting chemicals substances.
- Montreal Protocol is the only United Nations treaty to be ratified by all its member-states.
- Among the chemicals that cause severe damage to the ozone layer, Halocarbons have the least Ozone-depleting potential.
Which of the above statements is/are correct?
CorrectSolution: b)
Several common chemicals are known to cause severe damage to the ozone layer. Halocarbons (Chlorine, Bromine, Fluorine, and Iodine) have very high Ozone-depleting potential.
Man-made chemicals that have played a significant role in the depletion of the Earth’s Ozone layer are Methyl Chloroform, Methyl Bromide, Carbon Tetrachloride, and families of chemicals such as Chlorofluorocarbons, Hydrochlorofluorocarbons, and Halons.
The United Nations observes September 16 as International Day for the Preservation of the Ozone Layer.
The day originates from the Montreal Protocol that regulates the output and use of around 100 ozone-depleting chemicals substances. The protocol was adopted in 1987, becoming the only United Nations treaty to be ratified by its 198 member-states.
IncorrectSolution: b)
Several common chemicals are known to cause severe damage to the ozone layer. Halocarbons (Chlorine, Bromine, Fluorine, and Iodine) have very high Ozone-depleting potential.
Man-made chemicals that have played a significant role in the depletion of the Earth’s Ozone layer are Methyl Chloroform, Methyl Bromide, Carbon Tetrachloride, and families of chemicals such as Chlorofluorocarbons, Hydrochlorofluorocarbons, and Halons.
The United Nations observes September 16 as International Day for the Preservation of the Ozone Layer.
The day originates from the Montreal Protocol that regulates the output and use of around 100 ozone-depleting chemicals substances. The protocol was adopted in 1987, becoming the only United Nations treaty to be ratified by its 198 member-states.
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Question 4 of 5
1 points
Consider the following statements.
- Glaciers are the largest source of freshwater in the Himalayan ecosystem.
- There is considerable shrinking of glacial lakes across the Himalayas, in recent decade.
Which of the above statements is/are correct?
CorrectSolution: a)
Glaciers are the largest source of freshwater outside of the polar regions. Glaciers and snow melt in the Himalayan ecosystem are the source of water for several rivers across the subcontinent, and are responsible for maintaining the perennial supply of water in the river systems like the Indus, Ganges, and Brahmaputra to over a billion people.
Some models predict that an increase in global temperatures by 2°C from 1850 by 2070 would result in 45% of the medium and large glaciers (10 sq km or more) disappearing completely. Nearly 70% smaller glaciers are likely to melt away. Shrinking glaciers have led to the formation of a large number of glacial lakes all across the Himalayas. Many of these high-altitude lakes are potentially dangerous, because of their potential to cause flash floods in the event of a breach.
IncorrectSolution: a)
Glaciers are the largest source of freshwater outside of the polar regions. Glaciers and snow melt in the Himalayan ecosystem are the source of water for several rivers across the subcontinent, and are responsible for maintaining the perennial supply of water in the river systems like the Indus, Ganges, and Brahmaputra to over a billion people.
Some models predict that an increase in global temperatures by 2°C from 1850 by 2070 would result in 45% of the medium and large glaciers (10 sq km or more) disappearing completely. Nearly 70% smaller glaciers are likely to melt away. Shrinking glaciers have led to the formation of a large number of glacial lakes all across the Himalayas. Many of these high-altitude lakes are potentially dangerous, because of their potential to cause flash floods in the event of a breach.
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Question 5 of 5
1 points
Consider the following statements regarding India’s Foreign trade policy.
- Foreign trade policy is formulated by the Ministry of Finance once in five years.
- It provides guidelines for enhancing exports to push economic growth and create jobs
Which of the above statements is/are correct?
CorrectSolution: b)
The Government has notified the extension of foreign trade policy (FTP) till March 31, 2022.
The existing FTP 2015-2020, which was valid up to September 30, 2021 is extended up to March 31, 2022.
The policy provides guidelines for enhancing exports to push economic growth and create jobs and incentives under different schemes such as Duty-Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG).
The policy is formulated by the DGFT (Directorate General of Foreign Trade), which is the governing body to promote & facilitate the exports & imports of the goods under the Ministry of Commerce & Industry.IncorrectSolution: b)
The Government has notified the extension of foreign trade policy (FTP) till March 31, 2022.
The existing FTP 2015-2020, which was valid up to September 30, 2021 is extended up to March 31, 2022.
The policy provides guidelines for enhancing exports to push economic growth and create jobs and incentives under different schemes such as Duty-Free Import Authorisation (DFIA) and Export Promotion Capital Goods (EPCG).
The policy is formulated by the DGFT (Directorate General of Foreign Trade), which is the governing body to promote & facilitate the exports & imports of the goods under the Ministry of Commerce & Industry.
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