Insights Current Affairs Quiz (2016) – 58
01 March 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 5
1. Question
2 pointsIt is said that urea subsidies in India has led to its misuse – it is being diverted to non-agricultural uses and smuggled to neighbouring countries. Apart from its utilization as a fertilizer, what for is it used?
- Milk adulteration
- Manufacture of explosives
- Manufacture of plastics
- Reducing air pollution
Select the correct answer using the code given below:
Correct
Solution: c.
“More than Rs 40,000 crore of subsidies are provided for fertilisers. Similarly, another Rs 40,000 crore of subsidies are provided in the electricity sector. Fertiliser and electricity subsidies together amount to 1.6 per cent of the GDP, much of which leaks abroad or to non-agricultural uses, or goes to inefficient producers, or to firms given the exclusive privilege to import.”
“By volume, milk production is to the tune of about 146 million tonnes in the country. But it is feared that over 60% of the milk is contaminated due to malpractices in milk supply chain which includes dilution with unsafe water. The milk is otherwise said to be adulterated with contaminants such as urea, salt, detergent, liquid soap, boric acid, caustic soda, soda and hydrogen peroxide which have hazardous health effects.”
Sources: Wikipedia; Britannica; PIB
http://indianexpress.com/article/opinion/columns/budget-2016-one-for-bharat/
Incorrect
Solution: c.
“More than Rs 40,000 crore of subsidies are provided for fertilisers. Similarly, another Rs 40,000 crore of subsidies are provided in the electricity sector. Fertiliser and electricity subsidies together amount to 1.6 per cent of the GDP, much of which leaks abroad or to non-agricultural uses, or goes to inefficient producers, or to firms given the exclusive privilege to import.”
“By volume, milk production is to the tune of about 146 million tonnes in the country. But it is feared that over 60% of the milk is contaminated due to malpractices in milk supply chain which includes dilution with unsafe water. The milk is otherwise said to be adulterated with contaminants such as urea, salt, detergent, liquid soap, boric acid, caustic soda, soda and hydrogen peroxide which have hazardous health effects.”
Sources: Wikipedia; Britannica; PIB
http://indianexpress.com/article/opinion/columns/budget-2016-one-for-bharat/
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Question 2 of 5
2. Question
2 pointsAccording to the Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau,
- The Labour Force Participation Rate (LFPR) for rural areas is greater than that for urban areas
- The LFPR for women is about the same as males in rural areas but significantly lower than males in urban areas
Which of the statements above is/are correct?
Correct
Solution: a.
“The Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau during the period January 2014 to July 2014 has shown that the Labour Force Participation Rate (LFPR) is 52.5 % for all persons. However, the LFPR for rural areas stands at 54.7% which is much greater than that for rural areas i.e. 47.2 %. The LFPR for women is significantly lower than that for males in both rural and urban areas.”
Incorrect
Solution: a.
“The Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau during the period January 2014 to July 2014 has shown that the Labour Force Participation Rate (LFPR) is 52.5 % for all persons. However, the LFPR for rural areas stands at 54.7% which is much greater than that for rural areas i.e. 47.2 %. The LFPR for women is significantly lower than that for males in both rural and urban areas.”
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Question 3 of 5
3. Question
2 pointsThe ‘Digital Gender Atlas for Advancing Girl’s Education in India’ was launched last year to help identify
Correct
Solution: a.
“Economic Survey 2015-16 states that the Gender Parity Index (2013-14 Provisional) however, shows an improvement in girls’ education, with parity having been achieved between girls and boys at almost all levels of education. The Government has taken several steps to provide education to underprivileged, vulnerable and marginalized people such as SCs, STs, other Backward Classes (OBC) including Minorities and other Economically Backward Classes through various programmes of education. ‘Digital Gender Atlas for Advancing Girl’s Education in India’ was launched last year to help identify low-performing geographic pockets for girls, particularly from marginalized groups.”
Incorrect
Solution: a.
“Economic Survey 2015-16 states that the Gender Parity Index (2013-14 Provisional) however, shows an improvement in girls’ education, with parity having been achieved between girls and boys at almost all levels of education. The Government has taken several steps to provide education to underprivileged, vulnerable and marginalized people such as SCs, STs, other Backward Classes (OBC) including Minorities and other Economically Backward Classes through various programmes of education. ‘Digital Gender Atlas for Advancing Girl’s Education in India’ was launched last year to help identify low-performing geographic pockets for girls, particularly from marginalized groups.”
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Question 4 of 5
4. Question
2 pointsConsider the following statements with regard to Central Government finances in India:
- Of the total receipts, revenue receipts exceed capital receipts for the fiscal year 2015-16
- Revenue Deficit includes in it expenses incurred on creation of capital assets
Which of the statements above is/are correct?
Correct
Solution: c.
“While revenue deficit is the difference between revenue receipts and revenue expenditure, the present accounting system includes all grants from the Union Government to the state governments/Union territories/other bodies as revenue expenditure, even if they are used to create assets. Such assets created by the sub-national governments/bodies are owned by them and not by the Union Government. Nevertheless they do result in the creation of durable assets.”
“According to the Finance Ministry, such revenue expenditures contribute to the growth in the economy and therefore, should not be treated as unproductive in nature. In the Union Budget (2011-12) a new methodology has been introduced to capture the ‘effective revenue deficit’, which excludes those revenue expenditures (or transfers) in the form of grants for creation of capital assets.”
See GRAPHIC
Incorrect
Solution: c.
“While revenue deficit is the difference between revenue receipts and revenue expenditure, the present accounting system includes all grants from the Union Government to the state governments/Union territories/other bodies as revenue expenditure, even if they are used to create assets. Such assets created by the sub-national governments/bodies are owned by them and not by the Union Government. Nevertheless they do result in the creation of durable assets.”
“According to the Finance Ministry, such revenue expenditures contribute to the growth in the economy and therefore, should not be treated as unproductive in nature. In the Union Budget (2011-12) a new methodology has been introduced to capture the ‘effective revenue deficit’, which excludes those revenue expenditures (or transfers) in the form of grants for creation of capital assets.”
See GRAPHIC
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Question 5 of 5
5. Question
2 pointsWhich of the following statements with regard to ‘where the rupee comes from’ (Central Government Receipts), in association with the latest Annual Financial Statement is NOT correct?
Correct
Solution: b.
Direct Taxes:
Corporation Tax: 19paise
Income Tax: 14pIndirect taxes:
Service and other taxes: 9p
Excise duty: 12p
Customs duty: 9pNon-tax revenue: 13p
Capital Receipts:
Borrowings and other liabilities: 21p
Non-Debt Capital Receipts: 3pTo understand better, see GRAPHIC
Incorrect
Solution: b.
Direct Taxes:
Corporation Tax: 19paise
Income Tax: 14pIndirect taxes:
Service and other taxes: 9p
Excise duty: 12p
Customs duty: 9pNon-tax revenue: 13p
Capital Receipts:
Borrowings and other liabilities: 21p
Non-Debt Capital Receipts: 3pTo understand better, see GRAPHIC
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