INSIGHTS CURRENT Affairs RTM - 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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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:
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- A proclamation imposing President’s Rule must be approved by both the Houses of Parliament within one month from the date of its issue.
- President’s Rule can be extended for a maximum period of three years with the approval of the Parliament, every six months.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- S1: A proclamation imposing Presidents Rule must be approved by both the Houses of Parliament within two months from the date of its issue. However, if the proclamation of Presidents Rule is issued at a time when the Lok Sabha has been dissolved or the dissolution of the Lok Sabha takes place during the period of two months without approving the proclamation, then the proclamation survives until 30 days from the first sitting of the Lok Sabha after its reconstitution, provided the Rajya Sabha approves it in the meantime.
- S2: If approved by both the Houses of Parliament, the President’s Rule continues for six months. It can be extended for a maximum period of three years with the approval of the Parliament, every six months. However, if the dissolution of the Lok Sabha takes place during the period of six months without approving the further continuation of the Presidents Rule, then the proclamation survives until 30 days from the first sitting of the Lok Sabha after its reconstitution, provided the Rajya Sabha has in the meantime approved its continuance.
Refer: https://www.insightsonindia.com/2020/10/30/imposition-of-article-356/
Incorrect
Ans: (b)
Explanation:
- S1: A proclamation imposing Presidents Rule must be approved by both the Houses of Parliament within two months from the date of its issue. However, if the proclamation of Presidents Rule is issued at a time when the Lok Sabha has been dissolved or the dissolution of the Lok Sabha takes place during the period of two months without approving the proclamation, then the proclamation survives until 30 days from the first sitting of the Lok Sabha after its reconstitution, provided the Rajya Sabha approves it in the meantime.
- S2: If approved by both the Houses of Parliament, the President’s Rule continues for six months. It can be extended for a maximum period of three years with the approval of the Parliament, every six months. However, if the dissolution of the Lok Sabha takes place during the period of six months without approving the further continuation of the Presidents Rule, then the proclamation survives until 30 days from the first sitting of the Lok Sabha after its reconstitution, provided the Rajya Sabha has in the meantime approved its continuance.
Refer: https://www.insightsonindia.com/2020/10/30/imposition-of-article-356/
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Question 2 of 10
2. Question
1 pointsConsider the following statements about the ‘Central Vigilance Commission’ (CVC):
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- Its establishment was recommended by the Santhanam Committee on Prevention of Corruption.
- CVC is neither a constitutional body nor a statutory body.
- The CVC is not controlled by any Ministry/Department.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- S1: Central Vigilance Commission (CVC) is the main agency for preventing corruption in the Central government. It was established in 1964 by an executive resolution of the Central government. Its establishment was recommended by the Santhanam Committee on Prevention of Corruption.
- S2: originally the CVC was neither a constitutional body nor a statutory body. Later, in 2003, the Parliament enacted a law conferring statutory status on the CVC.
- S3: The CVC is not controlled by any Ministry/Department. It is an independent body which is only responsible to the Parliament.
Refer: https://www.insightsonindia.com/2020/10/30/central-vigilance-commission/
Incorrect
Ans: (b)
Explanation:
- S1: Central Vigilance Commission (CVC) is the main agency for preventing corruption in the Central government. It was established in 1964 by an executive resolution of the Central government. Its establishment was recommended by the Santhanam Committee on Prevention of Corruption.
- S2: originally the CVC was neither a constitutional body nor a statutory body. Later, in 2003, the Parliament enacted a law conferring statutory status on the CVC.
- S3: The CVC is not controlled by any Ministry/Department. It is an independent body which is only responsible to the Parliament.
Refer: https://www.insightsonindia.com/2020/10/30/central-vigilance-commission/
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Question 3 of 10
3. Question
1 pointsThe ‘Line of Actual Control’ (LAC) is a notional demarcation line that separates Indian-controlled territory from:
Correct
Ans: (b)
Explanation:
- The Line of Actual Control (LAC) – the line that separates Indian and Chinese troops since 1962 – generally runs along the land except for the width of Pangong Tso. Here, it runs through water.
- Both sides have marked their areas announcing which side belongs to which country.
- India controls about 45 km stretch of the Pangong Tso and China the rest.
Refer: https://www.insightsonindia.com/2020/10/30/lac-situation-critical-former-mp/
Incorrect
Ans: (b)
Explanation:
- The Line of Actual Control (LAC) – the line that separates Indian and Chinese troops since 1962 – generally runs along the land except for the width of Pangong Tso. Here, it runs through water.
- Both sides have marked their areas announcing which side belongs to which country.
- India controls about 45 km stretch of the Pangong Tso and China the rest.
Refer: https://www.insightsonindia.com/2020/10/30/lac-situation-critical-former-mp/
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Question 4 of 10
4. Question
1 pointsConsider the following statements about Pangong Lake:
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- It is an endorheic lake
- It was designated as a wetland of international importance under the Ramsar Convention
Which of the given above statements is/are correct?
Correct
Ans: (a)
Explanation:
- S1: Pangong Lake is an endorheic lake spanning eastern Ladakh and West Tibet.
- endorheic lake is a drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans
- S2: The lake is in the process of being identified under the Ramsar Convention as a wetland of international importance. This will be the first trans-boundary wetland in South Asia under the convention.
- About Pangong Tso:
- Pangong Tso literally translates into a “conclave lake”.
- Situated at over 14,000 feet, the Lake is about 135 km long.
- It is formed from Tethys geosyncline.
- The Karakoram Mountain range ends at the north bank of Pangong Tso. Its southern bank too has high broken mountains sloping towards Spangur Lake in the south.
Refer: https://www.insightsonindia.com/2020/10/30/lac-situation-critical-former-mp/
Incorrect
Ans: (a)
Explanation:
- S1: Pangong Lake is an endorheic lake spanning eastern Ladakh and West Tibet.
- endorheic lake is a drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans
- S2: The lake is in the process of being identified under the Ramsar Convention as a wetland of international importance. This will be the first trans-boundary wetland in South Asia under the convention.
- About Pangong Tso:
- Pangong Tso literally translates into a “conclave lake”.
- Situated at over 14,000 feet, the Lake is about 135 km long.
- It is formed from Tethys geosyncline.
- The Karakoram Mountain range ends at the north bank of Pangong Tso. Its southern bank too has high broken mountains sloping towards Spangur Lake in the south.
Refer: https://www.insightsonindia.com/2020/10/30/lac-situation-critical-former-mp/
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Question 5 of 10
5. Question
1 pointsConsider the following statements:
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- The jute plant needs a plain alluvial soil and standing water.
- The first jute mill in India was set up in the year 1855 in Bombay.
- India is the world’s largest producer of raw jute and jute goods.
Which of the given above statements is/are correct?
Correct
Ans: (a)
Explanation:
- S2: The word jute was first published by Roxburg, the then Superintendent of Botanical Garden, Shibpur, West Bengal in the year 1795, in his letter addressed to the Board of Directors of East India Company. The first jute mill in India was set up in the year 1855 at Rishra, near Kolkata.
- S1: Jute can grow in wide range of soil but fertile loamy alluvial soil is better suitable.
- S3: India is the world’s largest producer of raw jute and jute goods.
Refer: https://www.insightsonindia.com/2020/10/30/mandatory-packaging-in-jute-materials/
Incorrect
Ans: (a)
Explanation:
- S2: The word jute was first published by Roxburg, the then Superintendent of Botanical Garden, Shibpur, West Bengal in the year 1795, in his letter addressed to the Board of Directors of East India Company. The first jute mill in India was set up in the year 1855 at Rishra, near Kolkata.
- S1: Jute can grow in wide range of soil but fertile loamy alluvial soil is better suitable.
- S3: India is the world’s largest producer of raw jute and jute goods.
Refer: https://www.insightsonindia.com/2020/10/30/mandatory-packaging-in-jute-materials/
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Question 6 of 10
6. Question
1 pointsConsider the following statements:
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- Dam Rehabilitation and Improvement Project was launched in 2012 by Central Pollution Control Board (CPCB) with assistance from World Bank.
- India ranks third globally with more number of large dams in operation.
- Hirakud Dam (Odisha) is the highest Dam in India.
Which of the given above statements is/are correct?
Correct
Ans: (c)
Explanation:
- S2: India ranks third globally with 5334 large dams in operation and about 411 are under construction
- S1: About DRIP: The project was launched in 2012 by Central Water Commission (CWC) with assistance from World Bank.
- The objectives of DRIP:
- To improve the safety and operational performance of selected existing dams and associated appurtenances in a sustainable manner, and
- To strengthen the dam safety institutional setup of participating States / Implementing Agencies.
- Highest Dam in India- Tehri Dam(Uttarakhand)
- Longest Dam in India- Hirakud Dam (Odisha)
- Hirakud Dam (Odisha)- Kallanai Dam(Tamil Nadu)
- The objectives of DRIP:
Refer: https://www.insightsonindia.com/2020/10/30/dam-rehabilitation-and-improvement-project/
Incorrect
Ans: (c)
Explanation:
- S2: India ranks third globally with 5334 large dams in operation and about 411 are under construction
- S1: About DRIP: The project was launched in 2012 by Central Water Commission (CWC) with assistance from World Bank.
- The objectives of DRIP:
- To improve the safety and operational performance of selected existing dams and associated appurtenances in a sustainable manner, and
- To strengthen the dam safety institutional setup of participating States / Implementing Agencies.
- Highest Dam in India- Tehri Dam(Uttarakhand)
- Longest Dam in India- Hirakud Dam (Odisha)
- Hirakud Dam (Odisha)- Kallanai Dam(Tamil Nadu)
- The objectives of DRIP:
Refer: https://www.insightsonindia.com/2020/10/30/dam-rehabilitation-and-improvement-project/
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Question 7 of 10
7. Question
1 pointsConsider the following statements:
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- The Environment Pollution (Prevention and Control) Authority (EPCA) is a statutory body.
- The EPCA is mandated to enforce Graded Response Action Plan (GRAP) in the National Capital Region and adjoining areas as per the pollution levels.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- S1: The Environment Pollution (Prevention and Control) Authority (EPCA) was not a statutory body but drew legitimacy from the Supreme Court, which has been looking at cases of air pollution as part of the judgment in M C Mehta vs Union of India (1988).
- S2: EPCA is Supreme Court mandated body tasked with taking various measures to tackle air pollution in the National Capital Region. It is mandated to enforce the Graded Response Action Plan (GRAP) in the city as per the pollution levels.
Incorrect
Ans: (b)
Explanation:
- S1: The Environment Pollution (Prevention and Control) Authority (EPCA) was not a statutory body but drew legitimacy from the Supreme Court, which has been looking at cases of air pollution as part of the judgment in M C Mehta vs Union of India (1988).
- S2: EPCA is Supreme Court mandated body tasked with taking various measures to tackle air pollution in the National Capital Region. It is mandated to enforce the Graded Response Action Plan (GRAP) in the city as per the pollution levels.
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Question 8 of 10
8. Question
1 pointsConsider the following statements:
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- The eight core industries comprise more than 60% of the weight of items included in the Index of Industrial Production (IIP).
- With reference to Index of Eight Core Industries, the Crude Oil has got more weightage than Steel.
Which of the given above statements is/are correct?
Correct
Ans: (d)
Explanation: Core Sector Industries:
- The eight core sector industries include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity
- The eight core industries comprise nearly 40% of the weight of items included in the Index of Industrial Production (IIP).
- The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
- Why in News?
- Lowest core sector shrinking since March.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
Incorrect
Ans: (d)
Explanation: Core Sector Industries:
- The eight core sector industries include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity
- The eight core industries comprise nearly 40% of the weight of items included in the Index of Industrial Production (IIP).
- The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
- Why in News?
- Lowest core sector shrinking since March.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
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Question 9 of 10
9. Question
1 pointsA credit derivative transaction where credit protection is bought and sold is an example of:
Correct
Ans: (c)
Explanation: Credit default swap:
- It is an example of a credit derivative transaction where credit protection is bought and sold.
- In a Credit Default Swap (CDS), one party agrees to pay another party periodic fixed payments in exchange for receiving ‘credit event protection’, in the form of a payment, in the event that a third party or its obligations are subject to one or more pre-agreed adverse credit events over a pre-agreed time period.
- Typical credit events include bankruptcy, failure to pay, obligation acceleration, restructuring, and repudiation/moratorium.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
Incorrect
Ans: (c)
Explanation: Credit default swap:
- It is an example of a credit derivative transaction where credit protection is bought and sold.
- In a Credit Default Swap (CDS), one party agrees to pay another party periodic fixed payments in exchange for receiving ‘credit event protection’, in the form of a payment, in the event that a third party or its obligations are subject to one or more pre-agreed adverse credit events over a pre-agreed time period.
- Typical credit events include bankruptcy, failure to pay, obligation acceleration, restructuring, and repudiation/moratorium.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
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Question 10 of 10
10. Question
1 pointsConsider the following statements:
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- National Productivity Council of India (NPC) was set up by NITI Aayog.
- NPC provides consultancy and training services to the Government and Public & Private sector organizations.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation: National Productivity Council (NPC):
- NPC has been granted accreditation conforming to ISO 17020:2012 by National Accreditation Board for Certification Body (NABCB), Quality Council of India (QCI) for undertaking inspection and audit work in the area of Food Safety Audit and Scientific Storage of Agricultural Products.
- This accreditation is valid for a period of three years.
- Implications: This accreditation will enable it to undertake Independent Third-Party Audits of Food Business Operators including Food Storage Warehouses as per Food Safety and Standards (Food Safety Auditing) Regulations, 2018 of FSSAI as well as inspections of Warehouses as per Warehousing Development and Regulatory Authority (WDRA) Rules, 2017.
- About NPC:
- Established by the Ministry of Commerce and Industry, Government of India in 1958, it is an autonomous, multipartite, non-profit organization.
- Besides undertaking research in the area of productivity, NPC has been providing consultancy and training services in areas of Industrial Engineering, Agri-Business, Economic Services, Quality Management, Human Resources Management, Information Technology, Technology Management, Energy Management, Environmental Management etc., to the Government and Public & Private sector organizations.
- NPC is a constituent of the Tokyo-based Asian Productivity Organisation (APO), an Intergovernmental Body, of which the Government of India is a founder member.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
Incorrect
Ans: (b)
Explanation: National Productivity Council (NPC):
- NPC has been granted accreditation conforming to ISO 17020:2012 by National Accreditation Board for Certification Body (NABCB), Quality Council of India (QCI) for undertaking inspection and audit work in the area of Food Safety Audit and Scientific Storage of Agricultural Products.
- This accreditation is valid for a period of three years.
- Implications: This accreditation will enable it to undertake Independent Third-Party Audits of Food Business Operators including Food Storage Warehouses as per Food Safety and Standards (Food Safety Auditing) Regulations, 2018 of FSSAI as well as inspections of Warehouses as per Warehousing Development and Regulatory Authority (WDRA) Rules, 2017.
- About NPC:
- Established by the Ministry of Commerce and Industry, Government of India in 1958, it is an autonomous, multipartite, non-profit organization.
- Besides undertaking research in the area of productivity, NPC has been providing consultancy and training services in areas of Industrial Engineering, Agri-Business, Economic Services, Quality Management, Human Resources Management, Information Technology, Technology Management, Energy Management, Environmental Management etc., to the Government and Public & Private sector organizations.
- NPC is a constituent of the Tokyo-based Asian Productivity Organisation (APO), an Intergovernmental Body, of which the Government of India is a founder member.
Refer: Facts for Prelims: https://www.insightsonindia.com/2020/10/30/insights-daily-current-affairs-pib-summary-30-october-2020/
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