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 AFFAIRS QUIZ 2020
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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 Ease of Doing Business (EODB) Rankings.
- The World Bank publishes a Doing Business Report, which carries the Ease of Doing Business (EODB) Rankings.
- From 2014 to 2019, India has improved its ranking by 100 positions.
Which of the above statements is/are correct?
Correct
Solution: a)
Incorrect
Solution: a)
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Question 2 of 5
2. Question
1 pointsWhich of the following indicators or categories are considered while granting Ease of Doing Business (EODB) Rankings?
- Dealing with construction permits
- Protecting minority investors
- Trading across borders
- Enforcing contracts
Select the correct answer code:
Correct
Solution: d)
Incorrect
Solution: d)
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Monetisation of deficit.
- Monetisation of deficit means printing large sums of money and distributing it to the public.
- Monetisation of deficit is not practiced in India after 1991 Economic Reforms.
Which of the above statements is/are incorrect?
Correct
Solution: c)
In layman’s language, monetisation of deficit means printing more money. In other words, monetisation of deficit happens when RBI buys government securities directly from the primary market to fund government’s expenses.
Monetisation of deficit was in practice in India till 1997, whereby the central bank automatically monetised government deficit through the issuance of ad-hoc treasury bills.
What is helicopter money?
This is an unconventional monetary policy tool aimed at bringing a flagging economy back on track. It involves printing large sums of money and distributing it to the public. Under such a policy, a central bank “directly increase the money supply and, via the government, distribute the new cash to the population with the aim of boosting demand and inflation.”
SourceIncorrect
Solution: c)
In layman’s language, monetisation of deficit means printing more money. In other words, monetisation of deficit happens when RBI buys government securities directly from the primary market to fund government’s expenses.
Monetisation of deficit was in practice in India till 1997, whereby the central bank automatically monetised government deficit through the issuance of ad-hoc treasury bills.
What is helicopter money?
This is an unconventional monetary policy tool aimed at bringing a flagging economy back on track. It involves printing large sums of money and distributing it to the public. Under such a policy, a central bank “directly increase the money supply and, via the government, distribute the new cash to the population with the aim of boosting demand and inflation.”
Source -
Question 4 of 5
4. Question
1 pointsConsider the following statements
- AGMARK is legally enforced by the Bureau of Indian Standards Act, 1986.
- The Directorate of Marketing and Inspection, Ministry of Commerce and Industry is responsible for the implementation of AGMARK certification scheme.
Which of the above statements is/are correct?
Correct
Solution: d)
AGMARK is a certification mark employed on agricultural products in India, assuring that they conform to a set of standards approved by the Directorate of Marketing and Inspection, an agency of the Ministry of Agriculture and Farmer Welfare.
The AGMARK is legally enforced in India by the Agricultural Produce (Grading and Marking) Act of 1937 (and amended in 1986).
Incorrect
Solution: d)
AGMARK is a certification mark employed on agricultural products in India, assuring that they conform to a set of standards approved by the Directorate of Marketing and Inspection, an agency of the Ministry of Agriculture and Farmer Welfare.
The AGMARK is legally enforced in India by the Agricultural Produce (Grading and Marking) Act of 1937 (and amended in 1986).
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Question 5 of 5
5. Question
1 pointsWhich of the following are the applications of Nanobots
- Targeted drug-delivery
- Unblock blood vessels in heart
- Taking biopsies in inaccessible areas of the body
Select the correct answer code:
Correct
Solution: b)
Scientists are exploring the use of nanobots for a number of healthcare uses, not only for fighting cancer, but also to unblock blood vessels in hard to reach areas, taking biopsies or measuring the level of certain chemicals in otherwise inaccessible areas of the body. A nanobot is a device typically ranging from 0.1-10 micrometres (a micrometre is one millionth of a metre), roughly the size of a red blood cell or smaller. This is too small to add a traditional robotic element like a motor, computer chip or camera.Incorrect
Solution: b)
Scientists are exploring the use of nanobots for a number of healthcare uses, not only for fighting cancer, but also to unblock blood vessels in hard to reach areas, taking biopsies or measuring the level of certain chemicals in otherwise inaccessible areas of the body. A nanobot is a device typically ranging from 0.1-10 micrometres (a micrometre is one millionth of a metre), roughly the size of a red blood cell or smaller. This is too small to add a traditional robotic element like a motor, computer chip or camera.
