Insights Current Affairs Quiz (2016) – 53
24 February 2016
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 2016. 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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INSIGHTS CURRENT EVENTS QUIZ 2016
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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 7
1. Question
1 pointsAn exhibition on the “Coin and Currency of India” was recently organised by the Department of Expenditure, Ministry of Finance. Consider the following statements regarding coinage in India:
- The earliest of documented coinage is deemed to start with coins issued around the 3rd century BCE
- The earliest coins were mostly made of silver and were punch-marked
- Coins are considered to have been issued initially by merchant guilds and later by states
Which of the statements above is/are correct?
Correct
Solution: d.
“This Exhibition depicts how money has changed in appearance and substance and evolved from barter to coins to the present day bank notes and e-money.”
“The first documented coinage is deemed to start with ‘Punch Marked’ coins issued between the 7th-6th century BC and 1st century AD. These coins are called ‘punch-marked’ coins because of their manufacturing technique. Mostly made of silver, these bear symbols, each of which was punched on the coin with a separate punch.”
“Issued initially by merchant Guilds and later by States, the coins represented a trade currency belonging to a period of intensive trade activity and urban development. The motifs found on these coins were mostly drawn from nature like the sun, various animal motifs, trees, hills etc. and some were geometrical symbols.”
Incorrect
Solution: d.
“This Exhibition depicts how money has changed in appearance and substance and evolved from barter to coins to the present day bank notes and e-money.”
“The first documented coinage is deemed to start with ‘Punch Marked’ coins issued between the 7th-6th century BC and 1st century AD. These coins are called ‘punch-marked’ coins because of their manufacturing technique. Mostly made of silver, these bear symbols, each of which was punched on the coin with a separate punch.”
“Issued initially by merchant Guilds and later by States, the coins represented a trade currency belonging to a period of intensive trade activity and urban development. The motifs found on these coins were mostly drawn from nature like the sun, various animal motifs, trees, hills etc. and some were geometrical symbols.”
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Question 2 of 7
2. Question
1 pointsUnder what circumstances is the Army requisitioned by the civilian administration?
Correct
Solution: d.
Regulations permit civil authorities to requisition the Army for (1) maintenance of law and order, (2) maintenance of essential services, (3) assistance during natural calamities such as earthquakes, (4) any other type of assistance which may be needed by the civil authorities.
Incorrect
Solution: d.
Regulations permit civil authorities to requisition the Army for (1) maintenance of law and order, (2) maintenance of essential services, (3) assistance during natural calamities such as earthquakes, (4) any other type of assistance which may be needed by the civil authorities.
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Question 3 of 7
3. Question
2 pointsThe International Roma Conference and Cultural Festival was recently took place in Delhi. In this context, which of the following statements about ‘Roma’ is correct?
Correct
Solution: c.
The International Roma Conference and Cultural Festival was organised recently by International Council for Cultural Relations, the cultural wing of MEA, and Antar Rashtriya Sahayog Parishad-Bharat.
Incorrect
Solution: c.
The International Roma Conference and Cultural Festival was organised recently by International Council for Cultural Relations, the cultural wing of MEA, and Antar Rashtriya Sahayog Parishad-Bharat.
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Question 4 of 7
4. Question
1 pointsIn economics, the ‘Laffer curve’ is
Correct
Solution: a.
“We also know that there is a maximum feasible tax-to-GDP ratio, which corresponds to the peak of the celebrated “Laffer curve”, but this is only an upper bound on the government’s taxing capacity, again not a statement of what is the optimum.”
http://www.livemint.com/Opinion/brbD6Tw1akpGS3um0t3CaM/India-is-an-outlier-in-its-tax-policy.html
Incorrect
Solution: a.
“We also know that there is a maximum feasible tax-to-GDP ratio, which corresponds to the peak of the celebrated “Laffer curve”, but this is only an upper bound on the government’s taxing capacity, again not a statement of what is the optimum.”
http://www.livemint.com/Opinion/brbD6Tw1akpGS3um0t3CaM/India-is-an-outlier-in-its-tax-policy.html
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Question 5 of 7
5. Question
1 pointsWhich of the following statements associated with Aerosols is/are correct?
- Aerosol Optical Depth is a measure of the extinction of the solar beam by dust and haze
- Aerosols can either cool the surface, or warm it
Select the correct answer using the code given below:
Correct
Solution: c.
Aerosol optical depth or optical thickness is a measure of the extinction of the solar beam by dust and haze. In other words, particles in the atmosphere (dust, smoke, pollution) can block sunlight by absorbing or by scattering light. AOD tells us how much direct sunlight is prevented from reaching the ground by these aerosol particles. It is a dimensionless number that is related to the amount of aerosol in the vertical column of atmosphere over the observation location.
A value of 0.01 corresponds to an extremely clean atmosphere, and a value of 0.4 would correspond to a very hazy condition.
Tiny solid and liquid particles suspended in the atmosphere are called aerosols. Windblown dust, sea salts, volcanic ash, smoke from wildfires, and pollution from factories are all examples of aerosols. Depending upon their size, type, and location, aerosols can either cool the surface, or warm it. They can help clouds to form, or they can inhibit cloud formation. And if inhaled, some aerosols can be harmful to people’s health.
Incorrect
Solution: c.
Aerosol optical depth or optical thickness is a measure of the extinction of the solar beam by dust and haze. In other words, particles in the atmosphere (dust, smoke, pollution) can block sunlight by absorbing or by scattering light. AOD tells us how much direct sunlight is prevented from reaching the ground by these aerosol particles. It is a dimensionless number that is related to the amount of aerosol in the vertical column of atmosphere over the observation location.
A value of 0.01 corresponds to an extremely clean atmosphere, and a value of 0.4 would correspond to a very hazy condition.
Tiny solid and liquid particles suspended in the atmosphere are called aerosols. Windblown dust, sea salts, volcanic ash, smoke from wildfires, and pollution from factories are all examples of aerosols. Depending upon their size, type, and location, aerosols can either cool the surface, or warm it. They can help clouds to form, or they can inhibit cloud formation. And if inhaled, some aerosols can be harmful to people’s health.
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Question 6 of 7
6. Question
1 pointsWhich of the following has/have been accorded ‘Geographical Indication’ status?
- Basmati
- Nizamabad Black Pottery
- Meghalaya’s Memong Narang
Select the correct answer using the code given below:
Correct
Solution: d.
Each of the above-mentioned goods/produce has been granted GI status post-April 2015.
Click on ‘registered GIs’ link in the list on the left hand side on this page.
http://indianexpress.com/article/explained/whats-the-row-robbing-basmati-of-its-aroma/
Incorrect
Solution: d.
Each of the above-mentioned goods/produce has been granted GI status post-April 2015.
Click on ‘registered GIs’ link in the list on the left hand side on this page.
http://indianexpress.com/article/explained/whats-the-row-robbing-basmati-of-its-aroma/
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Question 7 of 7
7. Question
1 pointsConsider the following statements:
- Fiscal metrics in India are weak when compared to other countries with similar sovereign credit ratings
- India, compared to its peers, relies lower on foreign currency debt – one reason being its public debt-to-GDP ratio is lower than similarly rated countries
Which of the statements above is/are correct?
Correct
Solution: a.
“The rating agency did highlight one silver lining for India compared to its peers – lower reliance on foreign currency debt, even though its public debt to GDP ratio is higher than similarly rated countries like Indonesia, Philippines, Romania and Turkey.”
http://www.thehindu.com/business/Economy/fiscal-metrics-remain-weak-moodys/article8272615.ece
Incorrect
Solution: a.
“The rating agency did highlight one silver lining for India compared to its peers – lower reliance on foreign currency debt, even though its public debt to GDP ratio is higher than similarly rated countries like Indonesia, Philippines, Romania and Turkey.”
http://www.thehindu.com/business/Economy/fiscal-metrics-remain-weak-moodys/article8272615.ece
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