Insights Current Affairs Quiz (2016) – 120
23 May 2016
Clarifications:
Question 2, Quiz 119, 21st May (Click HERE ): CPI, unless otherwise specified, should be considered to be combined CPI. According to Arthapedia (Click HERE), “The Reserve Bank of India (RBI) has started using CPI-combined as the sole inflation measure for the purpose of monetary policy. As per the agreement on Monetary Policy Framework between the Government and the RBI dated February 20, 2015 the sole of objective of RBI is price stability and a target is set for inflation as measured by the Consumer Price Index-Combined.” .. So when we usually say that the RBI uses CPI for measuring inflation, it means CPI-combined.
As was pointed out by a couple of Insightians, Statement 1 (“The base year is 2012”) is not a new development. Additionally, statement 2 (“Weights for food and fuel items add up to about 60%”) has been wrongly worded. It should have instead been, “Weights for food and fuel items, including pan,tobacco and intoxicants add up to about 60%”.
This question was framed on the basis of two sources – the ET article (dated 20th May), and the Economic Survey 2014-15 Volume 2, table 5.2, page 70. We should have double-checked the information provided in the article. Based on the latest Press Release by MoSPI on CPI dated 12th May (Click HERE), CPI-combined weight for food, beverages, pan, tobacco and intoxicants adds up to 55.08% and not 65.6% as has been highlighted in the article.
It could also be that the CPI composition was updated between the 12th and 20th May. We could not find any PIB release or news articles associated with any such development. If you did (or do), please share it in the comments section below.
Until further notice, consider this particular question to be invalid.
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
2 pointsConsider the following statements:
- A third of the global burden of disease for mental, neurological and substance use disorders occurs in India.
- Among males, cancer of the lung and among women, breast cancer are the leading sites of cancer in India
Which of the statements above is/are correct?
Correct
Solution: b.
“A third of the global burden of disease for mental, neurological and substance use disorders occurs in India and China, more than in all high-income countries combined.”
Page ‘Weekend Being’, May 22nd, The Hindu
Incorrect
Solution: b.
“A third of the global burden of disease for mental, neurological and substance use disorders occurs in India and China, more than in all high-income countries combined.”
Page ‘Weekend Being’, May 22nd, The Hindu
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Question 2 of 7
2. Question
2 pointsConsider the following statements:
- Type 1 diabetes affects children and young people unlike Type 2 which is a late onset disease
- Type 2 diabetes is thought to be caused by improper nutrition and other lifestyle factors
- India has more number of Type 1 diabetes afflicted individuals than Type 2
Which of the statements above is/are correct?
Correct
Solution: b.
“Type 1 diabetes is believed to be congenital and affects children and young people unlike Type 2, a late onset disease that afflicts 90 per cent of diabetics and is thought to be caused by improper nutrition and other lifestyle factors. “Finding the cellular mechanisms behind the development of autoimmune diseases, such as Type 1 diabetes, could lead to treatments that help us lead longer, healthier lives,” Mr. Cole added. Around the world, 21 million people have Type 1 diabetes and constitute between 5-10 per cent of global cases of diabetes. While figures suggest that India is in the grip of a Type 2 diabetes epidemic, with more rural than urban populations diagnosed with the condition, there is also a marked rise in Type 1 afflictions.”
Incorrect
Solution: b.
“Type 1 diabetes is believed to be congenital and affects children and young people unlike Type 2, a late onset disease that afflicts 90 per cent of diabetics and is thought to be caused by improper nutrition and other lifestyle factors. “Finding the cellular mechanisms behind the development of autoimmune diseases, such as Type 1 diabetes, could lead to treatments that help us lead longer, healthier lives,” Mr. Cole added. Around the world, 21 million people have Type 1 diabetes and constitute between 5-10 per cent of global cases of diabetes. While figures suggest that India is in the grip of a Type 2 diabetes epidemic, with more rural than urban populations diagnosed with the condition, there is also a marked rise in Type 1 afflictions.”
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Question 3 of 7
3. Question
2 pointsWhich among the following nations are among the Indian Information Technology companies’ top five markets?
- Germany
- United Kingdom
- Switzerland
- Canada
Select the correct answer using the code given below:
Correct
Solution: d.
India will raise its concerns over Canada’s restrictions on temporary work visas for skilled professionals, as these curbs put in place two years ago have been hurting the domestic Information Technology (IT) sector.
As per Nasscom estimates, Canada is among the top five markets for Indian IT companies, the others being the U.S., the U.K., Germany and Switzerland. Annual revenue of Indian IT firms from the Canadian market is around $2-3 billion. India has already taken up with the U.S. and U.K. the issue of curbs imposed by them on temporary work visas for skilled professionals. India has even dragged the US to the World Trade Organisation on the issue.
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Incorrect
Solution: d.
India will raise its concerns over Canada’s restrictions on temporary work visas for skilled professionals, as these curbs put in place two years ago have been hurting the domestic Information Technology (IT) sector.
As per Nasscom estimates, Canada is among the top five markets for Indian IT companies, the others being the U.S., the U.K., Germany and Switzerland. Annual revenue of Indian IT firms from the Canadian market is around $2-3 billion. India has already taken up with the U.S. and U.K. the issue of curbs imposed by them on temporary work visas for skilled professionals. India has even dragged the US to the World Trade Organisation on the issue.
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Question 4 of 7
4. Question
2 pointsAfter 17 straight months of fall of the Wholesale Price Index (WPI), it rose recently in April. What was the primary reason for this latest inflationary push?
Correct
Solution: a.
The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while consumer price inflation crossed 5 per cent in the same month. The ban in futures trading in chana dal would be discussed at a committee of secretaries’ meeting on Monday but a final call would be taken by the finance ministry, the food ministry official said.
http://www.thehindu.com/business/Economy/chickpeas-futures-trading-may-face-ban/article8630548.ece
Incorrect
Solution: a.
The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while consumer price inflation crossed 5 per cent in the same month. The ban in futures trading in chana dal would be discussed at a committee of secretaries’ meeting on Monday but a final call would be taken by the finance ministry, the food ministry official said.
http://www.thehindu.com/business/Economy/chickpeas-futures-trading-may-face-ban/article8630548.ece
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Question 5 of 7
5. Question
2 pointsWith reference to the ‘None Of The Above’ option – exercised by votes to express their disenchantment with candidates in the poll fray – which of the following statements is/are incorrect?
- No constituency – either at assembly or central level elections – has seen the number of NOTA votes exceed the margin of defeat of second-placed candidates
- The NOTA symbol is an outline of a gender-neutral figure with a black cross across it
Select the correct answer using the code given below:
Correct
Solution: c.
Statement 2 has been copy-pasted from a question posted here a few days ago. Nota Symbol:
Many constituencies have seen the number of NOTA votes exceed the margin of defeat of second-placed candidates.
Incorrect
Solution: c.
Statement 2 has been copy-pasted from a question posted here a few days ago. Nota Symbol:
Many constituencies have seen the number of NOTA votes exceed the margin of defeat of second-placed candidates.
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Question 6 of 7
6. Question
2 points‘Buddha Purnima’ or ‘Vesak’ is regarded as the thrice-sacred day that celebrates which three momentous events in the life of Gautama Buddha?
- Buddha’s birth
- Sambodhiprapti
- Dhammacakkappavattana
- Mahaparinibbana
Select the correct answer using the code given below:
Correct
Solution: d.
“Addressing on the occasion, Shri Rajnath Singh said that pious Vaisakhi Poornima is described as Buddha Poornima because Bhagwan Buddha’s Birth, attainment of Sambodhiprapti and Mahaparinirvana all fell on this day of Vaisakhi Poornima.”
“Buddha Purnima or Vesak is regarded as the thrice-sacred day that celebrates three momentous events in the history of human kind, regardless of the country or Buddhist tradition to which we belong, namely Buddha’s birth, sambodhiprapti and mahaparinirvana. India is the land of the origin of Buddha dharma, and home to three of the four holiest Buddhist sites, namely Bodhgaya, Sarnath and Kushinagar, and numerous others connected with Buddha’s life and thereafter. Buddha was born as Prince Siddhartha in Lumbini in present day Nepal. He attained sambodhiprapti in Bodhgaya in Bihar, and mahaparinirvana in Kushinagar in Uttar Pradesh.”
Incorrect
Solution: d.
“Addressing on the occasion, Shri Rajnath Singh said that pious Vaisakhi Poornima is described as Buddha Poornima because Bhagwan Buddha’s Birth, attainment of Sambodhiprapti and Mahaparinirvana all fell on this day of Vaisakhi Poornima.”
“Buddha Purnima or Vesak is regarded as the thrice-sacred day that celebrates three momentous events in the history of human kind, regardless of the country or Buddhist tradition to which we belong, namely Buddha’s birth, sambodhiprapti and mahaparinirvana. India is the land of the origin of Buddha dharma, and home to three of the four holiest Buddhist sites, namely Bodhgaya, Sarnath and Kushinagar, and numerous others connected with Buddha’s life and thereafter. Buddha was born as Prince Siddhartha in Lumbini in present day Nepal. He attained sambodhiprapti in Bodhgaya in Bihar, and mahaparinirvana in Kushinagar in Uttar Pradesh.”
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Question 7 of 7
7. Question
2 points. ‘DEEP’ e-bidding portal, sometimes seen in the news, is
Correct
Solution: a.
First e-Bidding process through recently launched DEEP (Discovery of Efficient Electricity Price) e-Bidding Portal for Short term power procurement has been concluded for the State of Uttarakhand and Kerala.
Secretary (Power) Shri P K Pujari, while congratulating States of Uttarakhand, Kerala Bihar and Torrent Power for early adoption of the e-bidding portal, stated that the process has resulted in substantial savings as the prices discovered through e-bidding are significantly lower than the prices at which power was procured during the similar period in the last year.
Incorrect
Solution: a.
First e-Bidding process through recently launched DEEP (Discovery of Efficient Electricity Price) e-Bidding Portal for Short term power procurement has been concluded for the State of Uttarakhand and Kerala.
Secretary (Power) Shri P K Pujari, while congratulating States of Uttarakhand, Kerala Bihar and Torrent Power for early adoption of the e-bidding portal, stated that the process has resulted in substantial savings as the prices discovered through e-bidding are significantly lower than the prices at which power was procured during the similar period in the last year.
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