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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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New Initiative: Revision Through MCQs (RTM) – Revision of Current Affairs Made Interesting
As revision is the key to success in this exam, we are starting a new initiative where you will revise current affairs effectively through MCQs (RTM) that are solely based on Insights Daily Current Affairs.
These questions will be different than our regular current affairs quiz. These questions are framed to TEST how well you have read and revised Insights Current Affairs on daily basis.
We will post nearly 10 MCQs every day which are based on previous day’s Insights current affairs. Tonight we will be posting RTM questions on the Insights current affairs of October 3, 2019.
The added advantage of this initiative is it will help you solve at least 20 MCQs daily (5 Static + 5 CA Quiz + 10 RTM) – thereby helping you improve your retention as well as elimination and guessing skills.
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Question 1 of 10
1 points
The ‘Indo-Pacific Economic Framework’ (IPEF) is an initiative of
CorrectAns: (d)
Explanation:
- The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by President of the United States Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
Refer: https://www.insightsonindia.com/2023/05/11/indo-pacific-economic-framework-ipef/
IncorrectAns: (d)
Explanation:
- The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by President of the United States Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
Refer: https://www.insightsonindia.com/2023/05/11/indo-pacific-economic-framework-ipef/
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Question 2 of 10
1 points
Consider the following statements regarding the landlord port model.
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- In the landlord port model, the publicly governed port authority acts as a regulatory body that carries out port operations—mainly cargo handling activities.
- Here, the port authority maintains ownership of the port.
Which of the above statements is/are correct?
CorrectAns: (b)
Explanation:
- In the landlord port model, the publicly governed port authority acts as a regulatory body and as landlord while private companies carry out port operations—mainly cargo-handling activities.
- Here, the port authority maintains ownership of the port while the infrastructure is leased to private firms that provide and maintain their own superstructure and install their own equipment to handle cargo.
- In return, the landlord port gets a share of the revenue from the private entity.
- The role of the landlord port authority would be to carry out all public sector services and operations such as the award of bids for cargo terminals and dredging
Refer: https://www.insightsonindia.com/2023/05/11/land-port-authority-of-india-lpai/
IncorrectAns: (b)
Explanation:
- In the landlord port model, the publicly governed port authority acts as a regulatory body and as landlord while private companies carry out port operations—mainly cargo-handling activities.
- Here, the port authority maintains ownership of the port while the infrastructure is leased to private firms that provide and maintain their own superstructure and install their own equipment to handle cargo.
- In return, the landlord port gets a share of the revenue from the private entity.
- The role of the landlord port authority would be to carry out all public sector services and operations such as the award of bids for cargo terminals and dredging
Refer: https://www.insightsonindia.com/2023/05/11/land-port-authority-of-india-lpai/
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Question 3 of 10
1 points
Consider the following statements about the Land Ports Authority of India (LPAI):
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- It is a statutory body established under the Land Ports Authority of India Act, 2010.
- It works under the aegis of the Ministry of Ports, Shipping and Waterways.
Which of the statements given above is/are correct?
CorrectAns: (a)
Explanation:
- The Land Ports Authority of India is a statutory body established under the Land Ports Authority of India Act, 2010 to provide safe, secure and systematic facilities for the movement of cargo as well passengers at its Integrated Check Posts (ICPs) along the international borders of India.
- Under: Ministry of Home Affairs
Refer: https://www.insightsonindia.com/2023/05/11/land-port-authority-of-india-lpai/
IncorrectAns: (a)
Explanation:
- The Land Ports Authority of India is a statutory body established under the Land Ports Authority of India Act, 2010 to provide safe, secure and systematic facilities for the movement of cargo as well passengers at its Integrated Check Posts (ICPs) along the international borders of India.
- Under: Ministry of Home Affairs
Refer: https://www.insightsonindia.com/2023/05/11/land-port-authority-of-india-lpai/
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Question 4 of 10
1 points
The ‘Harit Sagar Guidelines – 2023’ is associated with
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Question 5 of 10
1 points
Consider the following statements about National Policy on Biofuels – 2018
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- The Policy expands the scope of raw material for ethanol production.
- The Policy allows use of surplus food grains for production of ethanol with the approval of Gram Sabha.
- The Policy encourages setting up of supply chain mechanisms for biodiesel production.
- The policy encourages import of third Generation (3G) biofuels.
Which of the above statements is/are correct?
CorrectAns: (a)
Explanation:
- The Policy categorises biofuels as “Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.
- The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
- Farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Taking this into account, the Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
- The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
Refer: https://www.insightsonindia.com/2023/05/11/ethanol-blending/
IncorrectAns: (a)
Explanation:
- The Policy categorises biofuels as “Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.
- The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
- Farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Taking this into account, the Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
- The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
Refer: https://www.insightsonindia.com/2023/05/11/ethanol-blending/
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Question 6 of 10
1 points
Recently, ‘FluHorse’ was in news, is a/an/the
CorrectAns: (d)
Explanation:
- Context: A new Android malware named ‘FluHorse’ has been discovered that targets users in Eastern Asia with fake carrier apps that mimic legitimate versions, such as the Taiwanese toll collection app ‘ETC’ and the Vietnamese banking app ‘VPBank Neo’.
- The malicious apps are designed to extract sensitive information, including user credentials and Two-Factor Authentication (2FA) codes.
IncorrectAns: (d)
Explanation:
- Context: A new Android malware named ‘FluHorse’ has been discovered that targets users in Eastern Asia with fake carrier apps that mimic legitimate versions, such as the Taiwanese toll collection app ‘ETC’ and the Vietnamese banking app ‘VPBank Neo’.
- The malicious apps are designed to extract sensitive information, including user credentials and Two-Factor Authentication (2FA) codes.
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Question 7 of 10
1 points
Which one of the following statements best describes the term ‘Social Cost of Carbon’? It is a measure, in monetary value, of the
CorrectAns: (a)
Explanation:
- The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of greenhouse gas (carbon dioxide equivalent) at any point in time, inclusive of ‘non-market’ impacts on the environment and human health. The purpose of putting a price on a ton of emitted CO2 is to aid policymakers or other legislators in evaluating whether a policy designed to curb climate change is justified.
Refer: UPSC CSE 2020
IncorrectAns: (a)
Explanation:
- The social cost of carbon (SCC) is the marginal cost of the impacts caused by emitting one extra tonne of greenhouse gas (carbon dioxide equivalent) at any point in time, inclusive of ‘non-market’ impacts on the environment and human health. The purpose of putting a price on a ton of emitted CO2 is to aid policymakers or other legislators in evaluating whether a policy designed to curb climate change is justified.
Refer: UPSC CSE 2020
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Question 8 of 10
1 points
With reference to pulse production in India ,consider the following statements:
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- Black gram can be cultivated as both Kharif and rabi crop.
- Green-gram alone accounts for nearly half of pulse production.
- In the last three decades, while the production of kharif pulses has increased, the production of rabi pulses has decreased.
Which of the statements given above is/are correct ?
CorrectAns: (a)
Explanation:
- S1: This is correct, pulses are grown in all three seasons – kharif, rabi and zaid.
- S2: Incorrect. Gram is the most dominant pulse but only with a share of around 40 per cent in the total production followed by Tur/Arhar at 15 to 20 per cent and Urad/Black Matpe and Moong at around 8-10 per cent each.
- S3: Reverse is true, see Table 1.1 here http://dpd.gov.in/Reterospects%20and%20Prospects%202017.pdf
- India is the largest producer (25% of global production), consumer (27% of world consumption) and importer (14%) of pulses in the world. Pulses account for around 20 per cent of the area under foodgrains and contribute around 7-10 per cent of the total foodgrains production in the country. Though pulses are grown in both Kharif and Rabi seasons, Rabi pulses contribute more than 60 per cent of the total production.
- Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Karnataka are the top five pulses producing States. Productivity of pulses is 764 kg/ha. See https://vikaspedia.in/agriculture/crop-production/package-of-practices/pulses/pulses-in-india
- http://dpd.gov.in/Technical%20Paper%20on%20Pulses%20JNKVV.pdf
Refer: UPSC CSE 2020
IncorrectAns: (a)
Explanation:
- S1: This is correct, pulses are grown in all three seasons – kharif, rabi and zaid.
- S2: Incorrect. Gram is the most dominant pulse but only with a share of around 40 per cent in the total production followed by Tur/Arhar at 15 to 20 per cent and Urad/Black Matpe and Moong at around 8-10 per cent each.
- S3: Reverse is true, see Table 1.1 here http://dpd.gov.in/Reterospects%20and%20Prospects%202017.pdf
- India is the largest producer (25% of global production), consumer (27% of world consumption) and importer (14%) of pulses in the world. Pulses account for around 20 per cent of the area under foodgrains and contribute around 7-10 per cent of the total foodgrains production in the country. Though pulses are grown in both Kharif and Rabi seasons, Rabi pulses contribute more than 60 per cent of the total production.
- Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Karnataka are the top five pulses producing States. Productivity of pulses is 764 kg/ha. See https://vikaspedia.in/agriculture/crop-production/package-of-practices/pulses/pulses-in-india
- http://dpd.gov.in/Technical%20Paper%20on%20Pulses%20JNKVV.pdf
Refer: UPSC CSE 2020
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Question 9 of 10
1 points
Consider the following statements:
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- In terms of short term credit delivery to the agriculture sector, District Central Cooperative Banks(DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks.
- One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
Which of the statements is/are correct ?
CorrectAns: (b)
Explanation:
- S1: It is incorrect. Scheduled commercial banks contributed the major share (78 – 80 per cent) in agricultural and allied credit. Co-operative institutions also play a significant role in extending agricultural credit and the share of all co-operative banks/institutions (i.e. StCBs, DCCBs and PACS put together) constituted 15-16 per cent. The RRBs contributed the remaining 5 per cent of the agricultural credit.
- Refer to the pie chart below from https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=942#CP12
- S2: It is correct. See http://shodhganga.inflibnet.ac.in/bitstream/10603/36583/12/12_chapter4.pdf
- Details: The co-operative banking sector thrives either as three-tier or two-tier structure. The three-tier structure includes StCB, DCCB and PACS, whereas in two-tier structure only StCB and PACS are present. In the three-tier structure, the lower level tiers, i.e. DCCB and PACS extend credit to individual borrowers using their own funds/deposits and claim refinance from the upper tier, i.e. PACS from DCCB/StCB and DCCB from StCB. In the two-tier structure, PACS provide credit to individual borrowers and claim refinance from StCB. In some cases, the StCBs also extend credit to the individuals through its branches across the state.
- https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=942#CP12
Refer: UPSC CSE 2020
IncorrectAns: (b)
Explanation:
- S1: It is incorrect. Scheduled commercial banks contributed the major share (78 – 80 per cent) in agricultural and allied credit. Co-operative institutions also play a significant role in extending agricultural credit and the share of all co-operative banks/institutions (i.e. StCBs, DCCBs and PACS put together) constituted 15-16 per cent. The RRBs contributed the remaining 5 per cent of the agricultural credit.
- Refer to the pie chart below from https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=942#CP12
- S2: It is correct. See http://shodhganga.inflibnet.ac.in/bitstream/10603/36583/12/12_chapter4.pdf
- Details: The co-operative banking sector thrives either as three-tier or two-tier structure. The three-tier structure includes StCB, DCCB and PACS, whereas in two-tier structure only StCB and PACS are present. In the three-tier structure, the lower level tiers, i.e. DCCB and PACS extend credit to individual borrowers using their own funds/deposits and claim refinance from the upper tier, i.e. PACS from DCCB/StCB and DCCB from StCB. In the two-tier structure, PACS provide credit to individual borrowers and claim refinance from StCB. In some cases, the StCBs also extend credit to the individuals through its branches across the state.
- https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=942#CP12
Refer: UPSC CSE 2020
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Question 10 of 10
1 points
If the RBI decides to adopt an expansionist monetary policy, which of the following it would NOT do?
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- Cut and optimize the statutory liquidity ratio
- Increase the Marginal Standing Facility Rate
- Cut the Bank Rate and Repo Rate
Select the correct answer using the code given below:
CorrectAns: (b)
Explanation:
- A lower SLR gives banks more room to lend, so S1 can’t be the answer.
- MSF rate which is slightly higher than the repo rate is a borrowing window for the banks. A higher MSF discourages borrowing, so S2 is incorrect. RBI won’t take this stance.
- S3 is common knowledge.
Refer: UPSC CSE 2020
IncorrectAns: (b)
Explanation:
- A lower SLR gives banks more room to lend, so S1 can’t be the answer.
- MSF rate which is slightly higher than the repo rate is a borrowing window for the banks. A higher MSF discourages borrowing, so S2 is incorrect. RBI won’t take this stance.
- S3 is common knowledge.
Refer: UPSC CSE 2020
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