QUIZ – 2017: Insights Current Affairs Quiz, 13 July 2018
QUIZ – 2017: Insights Current Affairs Quiz
Clarification (Regarding the origin of Polo): The game of polo is often referred to as the game of kings, combining horsemanship with speed and stamina. The modern game originated in the tiny north-eastern Indian state of Manipur. Manipuri legend says that Lord Marjing, the chieftain of the Chenglei tribe, introduced the game of sagol kangjei or horse hockey, widely regarded as the predecessor of modern day polo. It is not clear when exactly Manipuris started playing the game but some records indicate that it was as early as the first Century. The traditional game attracted the attention of British colonial rulers in the 19th Century, who were fascinated by the horsemanship of the riders and the speed and endurance of the ponies.
There are many theories regarding how polo as a game evolved over the centuries. Several polo historians have given credit to Lt Joseph Ford Sherer of the British army’s Sylhet Light Infantry for transforming the traditional sagol kangjei into modern polo sometime around 1859. From then on, polo caught the imagination of the nobility and the British army who took the game to the west.
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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 2018. 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 2017
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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
1 pointsConsider the following statements:
- The Telecom Regulatory Authority of India is the highest decision-making body in the Department of Telecom.
- While TRAI was established by an Act of Parliament, the Telecom Commission was established by a government resolution.
Which of the statements given above is/are correct?
Correct
Solution: b.
About the Telecom Commission (DoT): The Telecom Commission was set up by the Government of India vide a resolution with administrative and financial powers of the Government of India to deal with various aspects of Telecommunications (Formulating the policy of DoT; Preparing the budget for DoT for each financial year; and Implementation of Government’s policy in all matters concerning telecommunication). It consists of a Chairman, four full time members and four part time members. The Secretary to the Government of India in the Department of Telecommunications is the ex-officio Chairman.
About TRAI (TRAI): The entry of private service providers brought with it the inevitable need for independent regulation. The Telecom Regulatory Authority of India (TRAI) was, thus, established with effect from 20th February 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997, to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government.
In the news: TH;
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Incorrect
Solution: b.
About the Telecom Commission (DoT): The Telecom Commission was set up by the Government of India vide a resolution with administrative and financial powers of the Government of India to deal with various aspects of Telecommunications (Formulating the policy of DoT; Preparing the budget for DoT for each financial year; and Implementation of Government’s policy in all matters concerning telecommunication). It consists of a Chairman, four full time members and four part time members. The Secretary to the Government of India in the Department of Telecommunications is the ex-officio Chairman.
About TRAI (TRAI): The entry of private service providers brought with it the inevitable need for independent regulation. The Telecom Regulatory Authority of India (TRAI) was, thus, established with effect from 20th February 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997, to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government.
In the news: TH;
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Question 2 of 5
2. Question
1 pointsAccording to IUCN, the Nilgiri Tahr has been categorised on its Red List as
Correct
Solution: c.
IUCN justification (IUCN): Listed as Endangered because its population size is estimated to number fewer than 2,500 mature individuals, there is an observed continuing decline in the number of mature individuals, and no subpopulation contains more than 250 mature individuals.In the news (TH): The antics of the sure-footed Nilgiri tahr are a treat to watch, but these endangered wild mountain goats – found only in high altitudes in India’s Western Ghats — could be losing their footing with increasing climate change. Even under moderate scenarios of future climate change, tahrs could lose approximately 60% of their habitats from the 2030s on, predict scientists in their study in Ecological Engineering, an international journal that emphasises the need for ecological restoration.
Incorrect
Solution: c.
IUCN justification (IUCN): Listed as Endangered because its population size is estimated to number fewer than 2,500 mature individuals, there is an observed continuing decline in the number of mature individuals, and no subpopulation contains more than 250 mature individuals.In the news (TH): The antics of the sure-footed Nilgiri tahr are a treat to watch, but these endangered wild mountain goats – found only in high altitudes in India’s Western Ghats — could be losing their footing with increasing climate change. Even under moderate scenarios of future climate change, tahrs could lose approximately 60% of their habitats from the 2030s on, predict scientists in their study in Ecological Engineering, an international journal that emphasises the need for ecological restoration.
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Question 3 of 5
3. Question
1 pointsThe Kalakkad Mundanthurai Tiger Reserve is situated in
Correct
Solution: c.
It is a tiger reserve in Tamil Nadu.
ENVIS Centre on Wildlife and Protected Areas;
Source: Same TH article (Q2);
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Incorrect
Solution: c.
It is a tiger reserve in Tamil Nadu.
ENVIS Centre on Wildlife and Protected Areas;
Source: Same TH article (Q2);
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Question 4 of 5
4. Question
1 pointsWith reference to the India-Iran bilateral trade during the fiscal year 2016-17, India imported USD 10.5 billion worth of goods – mainly crude oil – from Iran and exported commodities worth USD 2.4 billion. Major Indian exports to Iran include
1.Rice
2.Tea
3.Textiles
- Drugs and pharmaceuticals
Select the correct answer using the code give below:
Correct
Solution: d.
India-Iran enjoys economic and commercial ties covering many sectors though it has traditionally been dominated by Indian import of Iranian crude oil. India continued to engage with Iran at the time of sanctions. The India-Iran bilateral trade during the fiscal year 2016-17 was USD 12.89 billion. India imported USD 10.5 billion worth of goods mainly crude oil and exported commodities worth USD 2.4 billion. Major Indian exports to Iran include rice, tea, iron and steel, organic chemicals, metals, electrical machinery, drugs/pharmaceuticals, etc.
Improvisation: TH;
Incorrect
Solution: d.
India-Iran enjoys economic and commercial ties covering many sectors though it has traditionally been dominated by Indian import of Iranian crude oil. India continued to engage with Iran at the time of sanctions. The India-Iran bilateral trade during the fiscal year 2016-17 was USD 12.89 billion. India imported USD 10.5 billion worth of goods mainly crude oil and exported commodities worth USD 2.4 billion. Major Indian exports to Iran include rice, tea, iron and steel, organic chemicals, metals, electrical machinery, drugs/pharmaceuticals, etc.
Improvisation: TH;
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Question 5 of 5
5. Question
1 pointsSometimes in the news, ‘Anchor Investors’ are most appropriately associated with
Correct
Solution: a.
Anchor investors are institutional investors who are offered shares in an IPO a day before the offer opens. As the name suggests, they are supposed to ‘anchor’ the issue by agreeing to subscribe to shares at a fixed price so that other investors may know that there is demand for the shares offered. Each anchor investor has to put a minimum of ₹10 crore in the issue. SEBI introduced the concept of anchor investors in IPOs in 2009.
In the news (TH): SEBI, in its board meeting held recently, decided that the minimum anchor investor size would be reduced from ₹10 crore to ₹2 crore for SME IPOs. Merchant bankers say that while the appetite for SME IPOs is steadily increasing among institutional investors, anchor portion was an issue due to the individual base minimum requirement of ₹10 crore.
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Incorrect
Solution: a.
Anchor investors are institutional investors who are offered shares in an IPO a day before the offer opens. As the name suggests, they are supposed to ‘anchor’ the issue by agreeing to subscribe to shares at a fixed price so that other investors may know that there is demand for the shares offered. Each anchor investor has to put a minimum of ₹10 crore in the issue. SEBI introduced the concept of anchor investors in IPOs in 2009.
In the news (TH): SEBI, in its board meeting held recently, decided that the minimum anchor investor size would be reduced from ₹10 crore to ₹2 crore for SME IPOs. Merchant bankers say that while the appetite for SME IPOs is steadily increasing among institutional investors, anchor portion was an issue due to the individual base minimum requirement of ₹10 crore.
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