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 2020. 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 pointsDeferred Action for Childhood Arrivals (DACA), recently seen in news is the immigration policy of
Correct
Solution: c)
The US Supreme Court recently blocked a Trump administration order rescinding a popular Obama-era protection from deportation for hundreds of thousands of young undocumented immigrants, including many from India, who had been brought to this country as children.
President Barack Obama had issued the protection through an executive order in 2012 barring the deportation of undocumented immigrants who came here as children. Called the Deferred Action for Childhood Arrivals (DACA), the Trump administration rescinded it in November 2017. But it was blocked from going into effect by lower courts, and now by the highest court in the country.
Incorrect
Solution: c)
The US Supreme Court recently blocked a Trump administration order rescinding a popular Obama-era protection from deportation for hundreds of thousands of young undocumented immigrants, including many from India, who had been brought to this country as children.
President Barack Obama had issued the protection through an executive order in 2012 barring the deportation of undocumented immigrants who came here as children. Called the Deferred Action for Childhood Arrivals (DACA), the Trump administration rescinded it in November 2017. But it was blocked from going into effect by lower courts, and now by the highest court in the country.
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Question 2 of 5
2. Question
1 pointsInternational Financial Services Centres can provide which of the following services.
- Fund-raising services for only individuals and corporations.
- Risk management operations such as insurance and reinsurance.
- Merger and acquisition activities among trans-national corporations.
Select the correct answer code:
Correct
Solution: c)
An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches / subsidiaries of financial institutions (FIs) to India by offering business and regulatory environment that is comparable to other leading international financial centers in the world like London and Singapore.
It would provide Indian corporates easier access to global financial markets.
What are the services an IFSC can provide?
o Fund-raising services for individuals, corporations and governments.
o Asset management and global portfolio diversification undertaken by pension funds, insurance companies and mutual funds.
o Wealth management.
o Global tax management and cross-border tax liability optimization, which provides a business opportunity for financial intermediaries, accountants and law firms.
o Global and regional corporate treasury management operations that involve fund-raising, liquidity investment and management and asset-liability matching.
o Risk management operations such as insurance and reinsurance.
o Merger and acquisition activities among trans-national corporations.
Incorrect
Solution: c)
An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches / subsidiaries of financial institutions (FIs) to India by offering business and regulatory environment that is comparable to other leading international financial centers in the world like London and Singapore.
It would provide Indian corporates easier access to global financial markets.
What are the services an IFSC can provide?
o Fund-raising services for individuals, corporations and governments.
o Asset management and global portfolio diversification undertaken by pension funds, insurance companies and mutual funds.
o Wealth management.
o Global tax management and cross-border tax liability optimization, which provides a business opportunity for financial intermediaries, accountants and law firms.
o Global and regional corporate treasury management operations that involve fund-raising, liquidity investment and management and asset-liability matching.
o Risk management operations such as insurance and reinsurance.
o Merger and acquisition activities among trans-national corporations.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Wetlands.
- In India, Wetlands are regulated under the Environment(Protection) Rules, 1986.
- Wetlands International is an independent, not-for-profit, global organisation that works to sustain and restore wetlands and their resources for people and biodiversity.
Which of the above statements is/are correct?
Correct
Solution: b)
Wetlands are regulated under the Wetlands (Conservation and Management) Rules, 2017. The 2010 version of the Rules provided for a Central Wetland Regulatory Authority; the 2017 Rules replace it with state-level bodies and created a National Wetland Committee, which functions in an advisory role. The newer regulations removed some items from the definition of “wetlands” including backwaters, lagoon, creeks, and estuaries.
Wetlands International is a global organisation that works to sustain and restore wetlands and their resources for people and biodiversity. It is an independent, not-for-profit, global organisation, supported by government and NGO membership from around the world.
Incorrect
Solution: b)
Wetlands are regulated under the Wetlands (Conservation and Management) Rules, 2017. The 2010 version of the Rules provided for a Central Wetland Regulatory Authority; the 2017 Rules replace it with state-level bodies and created a National Wetland Committee, which functions in an advisory role. The newer regulations removed some items from the definition of “wetlands” including backwaters, lagoon, creeks, and estuaries.
Wetlands International is a global organisation that works to sustain and restore wetlands and their resources for people and biodiversity. It is an independent, not-for-profit, global organisation, supported by government and NGO membership from around the world.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Non-lapsable Central Pool of Resources scheme.
- Non-lapsable Central Pool of Resources schemeaims to ensure speedy development of infrastructure in the Left-Wing Extremism (LWE) affected districts.
- Both physical and social infrastructure sectors are considered for providing supportunder the Central Pool.
Which of the above statements is/are correct?
Correct
Solution: b)
The broad objective of the Non-lapsable Central Pool of Resources scheme is to ensure speedy development of infrastructure in the North Eastern Region by increasing the flow of budgetary financing for new infrastructure projects/schemes in the Region.
Both physical and social infrastructure sectors such as Irrigation and Flood Control, Power, Roads and Bridges, Education, Health, Water Supply and Sanitation – are considered for providing support under the Central Pool, with projects in physical infrastructure sector receiving priority.
The Ministry for Development of North-eastern Region (DoNER) allocates funds from NLCPR to various Northeast states for infrastructure projects.
Incorrect
Solution: b)
The broad objective of the Non-lapsable Central Pool of Resources scheme is to ensure speedy development of infrastructure in the North Eastern Region by increasing the flow of budgetary financing for new infrastructure projects/schemes in the Region.
Both physical and social infrastructure sectors such as Irrigation and Flood Control, Power, Roads and Bridges, Education, Health, Water Supply and Sanitation – are considered for providing support under the Central Pool, with projects in physical infrastructure sector receiving priority.
The Ministry for Development of North-eastern Region (DoNER) allocates funds from NLCPR to various Northeast states for infrastructure projects.
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Question 5 of 5
5. 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.