Insights Revision Through MCQs – 07 October 2019
INSIGHTS CURRENT Affairs RTM - 2019
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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. Question
1 pointsConsider the following statements wrt “Public Finance Management System (PFMS) portal”
- PFMS is a platform for e-payment of subsidy under DBT to both Aadhar based & Non- Aadhar based bank accounts through NPCI
- It is managed by the Department of Revenue(MoF)
- This system uses a web-enabled application developed in the office of Controller General of Accounts
Select the correct answer using the code given below.
- Question 2 of 10
2. Question
1 pointsRecently Information Fusion Centre has been in news sometimes related to
CorrectAns: (d) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/information-fusion-centre-ifc-for-the- indian-ocean-region-ior-4/
IncorrectAns: (d) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/information-fusion-centre-ifc-for-the- indian-ocean-region-ior-4/
- Question 3 of 10
3. Question
1 pointsWhich of the following statements are true?
- higher the GDP, the more tax a nation collects
- Tax revenue includes income taxes & social Security contributions
- Developing nations typically have higher tax-to-GDP ratios, while those of developed nations tend to be lower
- India’s low low tax-to-GDP ratio due to low direct tax base and an unorganised sector
Select the correct answer using the code given below.
Correct- Ans: (b) Explanation:
- Tax to GDP ratio:
o tax-to-GDP ratio is a ratio of a nation’s tax revenue relative to its gross domestic product.
o Countries with higher GDP generally collect more taxes, while those with lower taxes produce a lower GDP.
o Developed nations typically have higher tax-to-GDP ratios, while those of developing nations tend to be lower
- Tax revenue is income collected by governments through taxation. It includes revenues from income taxes, Social Security contributions, product sales tax, payroll taxes, and other items.
- India has had a comparatively low tax-to-GDP ratio largely due to low direct tax base and an unorganised sector. Direct tax which is easier to consolidate upon in the entire tax collection given that it primarily involves personal income tax and corporation tax, is more sensitive to GDP growth rate
- overall tax-to-GDP (Centre and State) increased from 17.45 per cent in FY08 to 17.82 per cent in FY17, the GDP and per capita income have doubled during this period
Refer: https://www.insightsonindia.com/2019/10/07/why-state-budgets-matter/
Incorrect- Ans: (b) Explanation:
- Tax to GDP ratio:
o tax-to-GDP ratio is a ratio of a nation’s tax revenue relative to its gross domestic product.
o Countries with higher GDP generally collect more taxes, while those with lower taxes produce a lower GDP.
o Developed nations typically have higher tax-to-GDP ratios, while those of developing nations tend to be lower
- Tax revenue is income collected by governments through taxation. It includes revenues from income taxes, Social Security contributions, product sales tax, payroll taxes, and other items.
- India has had a comparatively low tax-to-GDP ratio largely due to low direct tax base and an unorganised sector. Direct tax which is easier to consolidate upon in the entire tax collection given that it primarily involves personal income tax and corporation tax, is more sensitive to GDP growth rate
- overall tax-to-GDP (Centre and State) increased from 17.45 per cent in FY08 to 17.82 per cent in FY17, the GDP and per capita income have doubled during this period
Refer: https://www.insightsonindia.com/2019/10/07/why-state-budgets-matter/
- Question 4 of 10
4. Question
1 pointsConsider the following statements wrt ‘State Finance Management in India’
- In India, states spend one-and-a-half times more than the Union government
- In India, most states met the fiscal deficit target not by increasing their revenues but by reducing their expenditure
Select the correct answer using the code given below.
CorrectAns: (c) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/why-state-budgets-matter/
IncorrectAns: (c) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/why-state-budgets-matter/
- Question 5 of 10
5. Question
1 pointsWhich of the following statements are not true about Geotail?
- It is a region in the space, exists as a result of the interactions between the Earth and moon
- Once every 29 days, the Earth traverses the geotail for about six days
Select the correct answer using the code given below.
- Question 6 of 10
6. Question
1 pointsRecently “MOSAiC” has been in news sometimes related to
CorrectAns: (b) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/multidisciplinary-drifting-observatory-for- the-study-of-arctic-climate-mosaic-expedition/
IncorrectAns: (b) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/multidisciplinary-drifting-observatory-for- the-study-of-arctic-climate-mosaic-expedition/
- Question 7 of 10
7. Question
1 pointsWhich of the following statements are true?
- In India Fire crackers are completely banned
- In India, manufacturing of crackers regulated by PESO
- Green cracker, STAR eliminates usage of Potassium nitrate and sulphur.
- SAFAL has less usage of aluminum as compared to commercial crackers. Select the correct answer using the code given below.
CorrectAns: (d) Explanation:
- People can burst low-emission firecrackers between 8 pm and 10 pm this Diwali, the Supreme Court said on Tuesday, ruling against a blanket ban on fireworks. But the top court ordered that the firecrackers should not be too noisy or polluting.
Refer: https://www.insightsonindia.com/2019/10/07/green-crackers/
IncorrectAns: (d) Explanation:
- People can burst low-emission firecrackers between 8 pm and 10 pm this Diwali, the Supreme Court said on Tuesday, ruling against a blanket ban on fireworks. But the top court ordered that the firecrackers should not be too noisy or polluting.
Refer: https://www.insightsonindia.com/2019/10/07/green-crackers/
- Question 8 of 10
8. Question
1 pointsFinancial Action Task Force (FATF) is an inter-governmental body established on the initiative of
CorrectAns: (b) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/financial-action-task-force-fatf-4/
IncorrectAns: (b) Explanation:
Refer: https://www.insightsonindia.com/2019/10/07/financial-action-task-force-fatf-4/
- Question 9 of 10
9. Question
1 pointsWhich of the following are correctly matched?
- Chattogram – Bangla desh
- Port of Mongla – Sri Lanka
- Feni River – Bhutan
Select the correct answer using the code given below.
CorrectAns: (b) Explanation:
Refer: Facts for prelims: https://www.insightsonindia.com/2019/10/07/insights-daily-current- affairs–pib–07–october–2019/
IncorrectAns: (b) Explanation:
Refer: Facts for prelims: https://www.insightsonindia.com/2019/10/07/insights-daily-current- affairs–pib–07–october–2019/
- Question 10 of 10
10. Question
1 pointsConsider the following Nuclear power plants:
Nuclear power plant Location
- Tarapur Andhra Pradesh
- Rawatbhata Rajasthan
- Kaiga Karnataka
- Narora Gujarat
Which of the above pairs are correctly matched?
CorrectAns: (c) Explanation:
- Tarapur – Maharashtra
- Narora – Uttar Pradesh
IncorrectAns: (c) Explanation:
- Tarapur – Maharashtra
- Narora – Uttar Pradesh