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 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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Question 1 of 5
1. Question
1 pointsConsider the following statements regarding Long Term Repo Operations (LTRO).
- LTRO is a new liquidity facility conducted by RBI to inject liquidity in the banking system with long term maturity periods.
- Funds through LTRO will be provided at the repo rate.
- LTROs will be conducted on E-KUBER platform.
Which of the above statements is/are correct?
Correct
Solution: d)
RBI has announced a new liquidity facility under Long Term Repo Operations (LTRO) to inject liquidity in the banking system. The new policy tool comes in the context of the RBI’s limitations in cutting its policy rate as well as its desire to enhance liquidity of the banking system and promote lending activities of banks.
An interesting feature of the RBI’s new effort is that the central bank will be injecting Rs 1 lakh crore into the banking system through auctions with long term maturity periods (compared to one day repos) of 1 year and 3 year.
Funds through LTRO will be provided at the repo rate. This means that banks can avail one year and three-year loans at the same interest rate of one day repo. Usually, loans with higher maturity period (here like 1 year and 3 year) will have higher interest rate compared to short term (repo) loans.
If the RBI is ready to give one-year and three year loans at the low repo rate, then there will be a clear pressure on banks to reduce thier lending rates. Hence, the most important effect of the LTRO in the system will be a decline in short term lending rates of banks. There are two clear effects of LTROs:
(a) it will enhance liquidity in the banking system by Rs 1 lakh crore
(b) since the interest rate is comparatively low, there will be a downard pressure on short term lending rates.
These two will bring the effect of a slightly easy monetary policy.
According to the RBI, the LTRO scheme will be in addition to the existing LAF and MSF (Marginal Standing Facility) operations. The LAF and MSF are the two sets of liquidity operations by the RBI with the LAF having a number of tools like repo, reverse repo, term repo etc.
Objectives of LTRO
- To assure banks about the availability of durable liquidity at reasonable cost relative to prevailing market conditions.
- Further encourage banks to undertake maturity transformation smoothly and seamlessly so as to augment credit flows to productive sectors.
LTROs will be conducted on CBS (E-KUBER) platform.
Incorrect
Solution: d)
RBI has announced a new liquidity facility under Long Term Repo Operations (LTRO) to inject liquidity in the banking system. The new policy tool comes in the context of the RBI’s limitations in cutting its policy rate as well as its desire to enhance liquidity of the banking system and promote lending activities of banks.
An interesting feature of the RBI’s new effort is that the central bank will be injecting Rs 1 lakh crore into the banking system through auctions with long term maturity periods (compared to one day repos) of 1 year and 3 year.
Funds through LTRO will be provided at the repo rate. This means that banks can avail one year and three-year loans at the same interest rate of one day repo. Usually, loans with higher maturity period (here like 1 year and 3 year) will have higher interest rate compared to short term (repo) loans.
If the RBI is ready to give one-year and three year loans at the low repo rate, then there will be a clear pressure on banks to reduce thier lending rates. Hence, the most important effect of the LTRO in the system will be a decline in short term lending rates of banks. There are two clear effects of LTROs:
(a) it will enhance liquidity in the banking system by Rs 1 lakh crore
(b) since the interest rate is comparatively low, there will be a downard pressure on short term lending rates.
These two will bring the effect of a slightly easy monetary policy.
According to the RBI, the LTRO scheme will be in addition to the existing LAF and MSF (Marginal Standing Facility) operations. The LAF and MSF are the two sets of liquidity operations by the RBI with the LAF having a number of tools like repo, reverse repo, term repo etc.
Objectives of LTRO
- To assure banks about the availability of durable liquidity at reasonable cost relative to prevailing market conditions.
- Further encourage banks to undertake maturity transformation smoothly and seamlessly so as to augment credit flows to productive sectors.
LTROs will be conducted on CBS (E-KUBER) platform.
-
Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Goldilocks zone.
- Goldilocks zone, is the area around a star where it is not too hot and not too cold for liquid water to exist on the surface of surrounding planets.
- Earth is the only planet in the Sun’s Goldilocks zone.
- If a planet is in the Goldilocks Zone of a star, it necessarily means the planet is going to have life or liquid water.
Which of the above statements is/are correct?
Correct
Solution: a)
The Goldilocks Zone refers to the habitable zone around a star where the temperature is just right – not too hot and not too cold – for liquid water to exist on a planet.
Just because a planet or moon is in the Goldilocks Zone of a star, doesn’t mean it’s going to have life or even liquid water.
After all, Earth isn’t the only planet in the Sun’s Goldilocks Zone – Venus and Mars are also in this habitable zone, but aren’t currently habitable.
Incorrect
Solution: a)
The Goldilocks Zone refers to the habitable zone around a star where the temperature is just right – not too hot and not too cold – for liquid water to exist on a planet.
Just because a planet or moon is in the Goldilocks Zone of a star, doesn’t mean it’s going to have life or even liquid water.
After all, Earth isn’t the only planet in the Sun’s Goldilocks Zone – Venus and Mars are also in this habitable zone, but aren’t currently habitable.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding BrahMos missile.
- BrahMos is a cruise missile, meaning it can be guided towards a pre-determined land- or sea-based target.
- BrahMos is classified as supersonic cruise missile.
- In 2019, India upgraded the missile with a new range of 2000 km.
Which of the above statements is/are correct?
Correct
Solution: b)
BrahMos is a medium-range supersonic ramjet cruise missile that can be launched from submarine, ships, aircraft, or land.
It is a joint venture between the Russian Federation’s NPO Mashinostroyeniya and India’s Defence Research and Development Organisation (DRDO), who together have formed BrahMos Aerospace.
In 2019, India upgraded the missile with a new range of 500 km.
Incorrect
Solution: b)
BrahMos is a medium-range supersonic ramjet cruise missile that can be launched from submarine, ships, aircraft, or land.
It is a joint venture between the Russian Federation’s NPO Mashinostroyeniya and India’s Defence Research and Development Organisation (DRDO), who together have formed BrahMos Aerospace.
In 2019, India upgraded the missile with a new range of 500 km.
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Question 4 of 5
4. Question
1 pointsWhich of the following are the major activities of Central Ground Water Board (CGWB).
- Periodic assessment of the country’s ground water resources
- Monitoring of Ground water levels and quality through ground Water observation wells.
- Operationalization of new technologies/ techniques for ground water investigation, development and management.
Select the correct answer code:
Correct
Solution: d)
Central Ground Water Board (CGWB), is a multi-disciplinary scientific organization of the Ministry of Water Resources, River Development and Ganga Rejuvenation, Government of India. Central Ground Water Board is the National Apex Agency entrusted with the responsibilities of providing scientific inputs for management, exploration, monitoring, assessment, augmentation and regulation of ground water resources of the country. Central Ground Water Board was established in 1970 by renaming the Exploratory Tube wells Organization under the Ministry of Agriculture, Government of India. It was merged with the Ground Water Wing of the Geological Survey of India during 1972.
Activities: CGWB being the national apex organization is vested with the responsibilities to carry out scientific studies , exploration aided by drilling , monitoring of ground water regime, assessment, augmentation, management and regulation of country’s ground water resources. The major activities of the Board are:-
- National Aquifer mapping and Management ( NAQUIM) involving Preparation of Aquifer Maps and Management Plans.
- Ground water explorations to delineate ground water worthy areas and potential aquifers.
- Geophysical surveys to delineate ground water bearing zones etc.
- Periodic assessment of the country’s ground water resources
- Monitoring of Ground water levels and quality through ground Water observation wells.
- Dissemination of Ground Water Data and knowledge.
- Ground water modeling
- GIS and Remote sensing
- Regulation and control of ground water development and management by CGWA in coordination with State Government Organizations.
- Coordination with State Government with a view to establish benchmark methodologies for ground water studies.
- R & D studies in ground water sector and application and operationalization of new technologies/ techniques for ground water investigation, development and management.
- Water conservation and Artificial recharge to ground water
- Capacity building and knowledge transfer.
Incorrect
Solution: d)
Central Ground Water Board (CGWB), is a multi-disciplinary scientific organization of the Ministry of Water Resources, River Development and Ganga Rejuvenation, Government of India. Central Ground Water Board is the National Apex Agency entrusted with the responsibilities of providing scientific inputs for management, exploration, monitoring, assessment, augmentation and regulation of ground water resources of the country. Central Ground Water Board was established in 1970 by renaming the Exploratory Tube wells Organization under the Ministry of Agriculture, Government of India. It was merged with the Ground Water Wing of the Geological Survey of India during 1972.
Activities: CGWB being the national apex organization is vested with the responsibilities to carry out scientific studies , exploration aided by drilling , monitoring of ground water regime, assessment, augmentation, management and regulation of country’s ground water resources. The major activities of the Board are:-
- National Aquifer mapping and Management ( NAQUIM) involving Preparation of Aquifer Maps and Management Plans.
- Ground water explorations to delineate ground water worthy areas and potential aquifers.
- Geophysical surveys to delineate ground water bearing zones etc.
- Periodic assessment of the country’s ground water resources
- Monitoring of Ground water levels and quality through ground Water observation wells.
- Dissemination of Ground Water Data and knowledge.
- Ground water modeling
- GIS and Remote sensing
- Regulation and control of ground water development and management by CGWA in coordination with State Government Organizations.
- Coordination with State Government with a view to establish benchmark methodologies for ground water studies.
- R & D studies in ground water sector and application and operationalization of new technologies/ techniques for ground water investigation, development and management.
- Water conservation and Artificial recharge to ground water
- Capacity building and knowledge transfer.
-
Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Maternity Benefit Act, 2017.
- Maternity benefit in India applies to all shops and establishments with 10 or more employees.
- It extended the period of maternity benefit from 12 weeks to 26 weeks for commissioning mothers.
- It is mandatory for employers to educate women about the maternity benefits available to them at the time of their appointment.
Which of the above statements is/are correct?
Correct
Solution: b)
The act is applicable to all establishments employing 10 or more employees.
The Maternity Benefit Act originally provided maternity benefit of 12 weeks. In 2017, the law was amended to extend the period to 26 weeks.
The Act is applicable to all establishments which are factories, mines, plantations, Government establishments, shops and establishments under the relevant applicable legislations, or any other establishment as may be notified by the Central Government.
As per the Act, to be eligible for maternity benefit, a woman must have been working as an employee in an establishment for a period of at least 80 days in the past 12 months.
Women who legally adopt a child below the age of three months or a “commissioning mother” will be entitled to maternity benefit for 12 weeks from the date on which the child is handed over to her. A commissioning mother is defined as a biological mother who uses her egg to create an embryo implanted in another woman.
he Maternity Benefit Amendment Act makes crèche facility mandatory for every establishment employing 50 or more employees.[4] Women employees would be permitted to visit the crèche 4 times during the day (including rest intervals)
It introduces a provision which requires every establishment to intimate a woman at the time of her appointment of the maternity benefits available to her.
Incorrect
Solution: b)
The act is applicable to all establishments employing 10 or more employees.
The Maternity Benefit Act originally provided maternity benefit of 12 weeks. In 2017, the law was amended to extend the period to 26 weeks.
The Act is applicable to all establishments which are factories, mines, plantations, Government establishments, shops and establishments under the relevant applicable legislations, or any other establishment as may be notified by the Central Government.
As per the Act, to be eligible for maternity benefit, a woman must have been working as an employee in an establishment for a period of at least 80 days in the past 12 months.
Women who legally adopt a child below the age of three months or a “commissioning mother” will be entitled to maternity benefit for 12 weeks from the date on which the child is handed over to her. A commissioning mother is defined as a biological mother who uses her egg to create an embryo implanted in another woman.
he Maternity Benefit Amendment Act makes crèche facility mandatory for every establishment employing 50 or more employees.[4] Women employees would be permitted to visit the crèche 4 times during the day (including rest intervals)
It introduces a provision which requires every establishment to intimate a woman at the time of her appointment of the maternity benefits available to her.