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Editorials Quiz 2021-22
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Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
The Alternative Dispute Resolution (ADR) mechanism of mediation is mentioned in which of the following laws?
- Code of Civil Procedure, 1908
- The Companies Act, 2013
- The Commercial Courts Act, 2015
- The Consumer Protection Act, 2019
Select the correct answer code:
CorrectSolution: d)
In India, though mediation finds legitimacy in some specific laws such as the Code of Civil Procedure, 1908, the Arbitration and Conciliation Act, 1996, the Companies Act, 2013, the Commercial Courts Act, 2015, and the Consumer Protection Act, 2019, there is no standalone legislation as yet.
IncorrectSolution: d)
In India, though mediation finds legitimacy in some specific laws such as the Code of Civil Procedure, 1908, the Arbitration and Conciliation Act, 1996, the Companies Act, 2013, the Commercial Courts Act, 2015, and the Consumer Protection Act, 2019, there is no standalone legislation as yet.
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Question 2 of 5
Consider the following statements.
- State immunity is a principle of international law that shields a state and its property against legal proceedings in the courts of other countries.
- Under absolute immunity, a state enjoys total immunity from being sued or having its assets seized by a foreign court, except in commercial matters.
Which of the above statements is/are correct?
CorrectSolution: a)
State immunity — a well-established principle of international law — shields a state and its property against legal proceedings in the courts of other countries. This covers immunity from both jurisdiction and execution. However, there is no international legal instrument in force dealing with state immunity in the municipal legal systems of different countries, which has created an international void. Consequently, countries have filled this void through their national legislations and domestic judicial practices on state immunity.
Typically, prominent jurisdictions such as Canada follow the concept of restrictive immunity (a foreign State is immune only for sovereign functions) and not absolute immunity (total immunity from all legal proceedings in a foreign court).
Under absolute immunity, a state enjoys total immunity from being sued or having its assets seized by a foreign court, even in commercial matters.
IncorrectSolution: a)
State immunity — a well-established principle of international law — shields a state and its property against legal proceedings in the courts of other countries. This covers immunity from both jurisdiction and execution. However, there is no international legal instrument in force dealing with state immunity in the municipal legal systems of different countries, which has created an international void. Consequently, countries have filled this void through their national legislations and domestic judicial practices on state immunity.
Typically, prominent jurisdictions such as Canada follow the concept of restrictive immunity (a foreign State is immune only for sovereign functions) and not absolute immunity (total immunity from all legal proceedings in a foreign court).
Under absolute immunity, a state enjoys total immunity from being sued or having its assets seized by a foreign court, even in commercial matters.
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Question 3 of 5
Consider the following statements regarding Gene sequencing.
- Gene sequencing is the reliable means of detecting the virus’ many variants.
- Gene sequencing reads the order of nucleotides, which are the building blocks of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA).
- Gene sequencing is fast and cost-effective method.
Which of the above statements is/are correct?
CorrectSolution: b)
Gene sequencing — the most reliable means of detecting the virus’ many variants.
Gene sequencing reads the order of nucleotides, which are the building blocks of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA).
Despite being considered the gold standard, sequencing has a few limitations. It is slow, expensive and complicated.
It is a multi-step process. It begins with extracting the virus’ RNA from patient samples, converting it into DNA, amplifying or multiplying it through RT-PCR before finally sending it for gene sequencing.
Gene sequencing is also complicated and expensive. It has to be done in batches of 24, 96 or 384. Testing 384 samples on one sequencing chip “costs around Rs 10,000 per sample. The cost is higher when the number of samples is lower.
IncorrectSolution: b)
Gene sequencing — the most reliable means of detecting the virus’ many variants.
Gene sequencing reads the order of nucleotides, which are the building blocks of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA).
Despite being considered the gold standard, sequencing has a few limitations. It is slow, expensive and complicated.
It is a multi-step process. It begins with extracting the virus’ RNA from patient samples, converting it into DNA, amplifying or multiplying it through RT-PCR before finally sending it for gene sequencing.
Gene sequencing is also complicated and expensive. It has to be done in batches of 24, 96 or 384. Testing 384 samples on one sequencing chip “costs around Rs 10,000 per sample. The cost is higher when the number of samples is lower.
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Question 4 of 5
Consider the following statements regarding Capital Adequacy Ratio (CAR).
- Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities.
- As per RBI norms, Indian scheduled commercial banks are required to maintain the CAR percentage as stated in the Basel III Banking report.
Which of the above statements is/are incorrect?
CorrectSolution: b)
The capital-to-risk weighted assets ratio, also known as the Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process.
The risk weighted assets take into account credit risk, market risk and operational risk.
The Basel III norms stipulated a capital to risk weighted assets of 8%. As per RBI guidelines, banks are required to maintain a minimum Capital to Risk-weighted Assets (CRAR) of 9%.
IncorrectSolution: b)
The capital-to-risk weighted assets ratio, also known as the Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process.
The risk weighted assets take into account credit risk, market risk and operational risk.
The Basel III norms stipulated a capital to risk weighted assets of 8%. As per RBI guidelines, banks are required to maintain a minimum Capital to Risk-weighted Assets (CRAR) of 9%.
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Question 5 of 5
Consider the following statements.
- Berring strait connects the Pacific Ocean and Arctic Ocean.
- Berring strait is sandwiched between Alaska and Siberia.
Which of the above statements is/are correct?
CorrectSolution: c)
IncorrectSolution: c)
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