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 pointsSVAMITVA scheme, sometimes seen in news is related to
Correct
Solution: a)
Prime Minister Narendra Modi launched the physical distribution of property cards under the ‘Survey of Villages and Mapping with Improvised Technology in Village Areas’ (SVAMITVA) scheme.
The aim is to update rural land records, providing record of rights to village households and issue property cards. SVAMITVA is a central scheme of the Ministry of Panchayati Raj and Rural Development and will be implemented across the country in a phased manned over the next four years, covering around 6.62 lakh villages.
The scheme focuses on mapping rural-inhabited lands using drones as land records are inaccurate or do not exist for vast areas across India.
Incorrect
Solution: a)
Prime Minister Narendra Modi launched the physical distribution of property cards under the ‘Survey of Villages and Mapping with Improvised Technology in Village Areas’ (SVAMITVA) scheme.
The aim is to update rural land records, providing record of rights to village households and issue property cards. SVAMITVA is a central scheme of the Ministry of Panchayati Raj and Rural Development and will be implemented across the country in a phased manned over the next four years, covering around 6.62 lakh villages.
The scheme focuses on mapping rural-inhabited lands using drones as land records are inaccurate or do not exist for vast areas across India.
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Question 2 of 5
2. Question
1 pointsMansar Lake, recently seen in news is located in
Correct
Solution: c)
In a move to increase tourism, Mansar Lake Development Plan was inaugurated in Jammu and Kashmir.
Surinsar-Mansar Lakes are designated as Ramsar Convention in November 2005.
Incorrect
Solution: c)
In a move to increase tourism, Mansar Lake Development Plan was inaugurated in Jammu and Kashmir.
Surinsar-Mansar Lakes are designated as Ramsar Convention in November 2005.
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Question 3 of 5
3. Question
1 pointsConsider the following statements
- Out of the total installed renewable energy capacity in India, more than two-third of it is from wind and solar energy.
- Out of the total installed renewable energy capacity in India, more than half comes from Karnataka and Tamil Nadu.
Select the correct answer code:
Correct
Solution: a)
As of August 31, 2020, installed renewable energy capacity stood at 88.79 GW, of which solar and wind comprised 35.73 GW and 37.99 GW, respectively. Biomass and small hydro power constituted 10.14 GW and 4.73 GW, respectively.
Gujarat’s total renewable capacity crossed the 10,000 MW mark in FY20, making it the third State after Karnataka and Tamil Nadu to have more than 10 GW of installed capacity, according to a Crisil Research report.
Incorrect
Solution: a)
As of August 31, 2020, installed renewable energy capacity stood at 88.79 GW, of which solar and wind comprised 35.73 GW and 37.99 GW, respectively. Biomass and small hydro power constituted 10.14 GW and 4.73 GW, respectively.
Gujarat’s total renewable capacity crossed the 10,000 MW mark in FY20, making it the third State after Karnataka and Tamil Nadu to have more than 10 GW of installed capacity, according to a Crisil Research report.
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Question 4 of 5
4. Question
1 pointsGovernment announces minimum support prices (MSPs) for which of the following crops
- jowar
- Raw cotton
- Coffee
- Copra
- soyabean
Select the correct answer code:
Correct
Solution: c)
MSP
KHARIF CROPS
- PADDY
- JOWAR
- BAJRA
- MAIZE
- RAGI
- Tur (Arhar)
- MOONG
- URAD
- COTTON
- Groundnut
- SUNFLOWER SEED
- SOYABEAN
- SESAMUM
- NIGERSEED
RABICROPS
- WHEAT
- BARLEY
- GRAM
- MASUR (LENTIL)
- Rapeseed & Mustard
- SAFFLOWER
- TORIA
OTHER CROPS
- COPRA
- DE-HUSKED COCONUT
- JUTE
Incorrect
Solution: c)
MSP
KHARIF CROPS
- PADDY
- JOWAR
- BAJRA
- MAIZE
- RAGI
- Tur (Arhar)
- MOONG
- URAD
- COTTON
- Groundnut
- SUNFLOWER SEED
- SOYABEAN
- SESAMUM
- NIGERSEED
RABICROPS
- WHEAT
- BARLEY
- GRAM
- MASUR (LENTIL)
- Rapeseed & Mustard
- SAFFLOWER
- TORIA
OTHER CROPS
- COPRA
- DE-HUSKED COCONUT
- JUTE
-
Question 5 of 5
5. Question
1 pointsConsider the following statements regarding leverage ratio for banks.
- The leverage ratio measures a bank’s core capital to its total assets.
- An increase in the leverage ratio for banks help them boost their lending activities.
Which of the above statements is/are incorrect?
Correct
Solution: b)
The Reserve Bank relaxed the leverage ratio (LR) for banks to help them boost their lending activities.
The leverage ratio stands reduced to 4 per cent for Domestic Systemically Important Banks (DSIBs) and 3.5 per cent for other banks effective from the quarter commencing October 1, 2019.
“Both the capital measure and the exposure measure along with Leverage Ratio are to be disclosed on a quarter-end basis. However, banks must meet the minimum Leverage Ratio requirement at all times,” RBI said.
The leverage ratio is defined as the capital measure divided by the exposure measure, expressed as a percentage. The capital measure is tier 1 capital and the exposure measure includes both on-balance sheet exposure and off-balance sheet items.
The leverage ratio measures a bank’s core capital to its total assets. The ratio uses tier 1 capital to judge how leveraged a bank is in relation to its consolidated assets. Tier 1 assets are ones that can be easily liquidated if a bank needs capital in the event of a financial crisis. So, it is basically a ratio to measure a bank’s financial health.
The higher the tier 1 leverage ratio, the higher the likelihood of the bank withstanding negative shocks to its balance sheet.
The leverage ratio is used as a tool by central monetary authorities to ensure the capital adequacy of banks and place constraints on the degree to which a financial company can leverage its capital base.
Incorrect
Solution: b)
The Reserve Bank relaxed the leverage ratio (LR) for banks to help them boost their lending activities.
The leverage ratio stands reduced to 4 per cent for Domestic Systemically Important Banks (DSIBs) and 3.5 per cent for other banks effective from the quarter commencing October 1, 2019.
“Both the capital measure and the exposure measure along with Leverage Ratio are to be disclosed on a quarter-end basis. However, banks must meet the minimum Leverage Ratio requirement at all times,” RBI said.
The leverage ratio is defined as the capital measure divided by the exposure measure, expressed as a percentage. The capital measure is tier 1 capital and the exposure measure includes both on-balance sheet exposure and off-balance sheet items.
The leverage ratio measures a bank’s core capital to its total assets. The ratio uses tier 1 capital to judge how leveraged a bank is in relation to its consolidated assets. Tier 1 assets are ones that can be easily liquidated if a bank needs capital in the event of a financial crisis. So, it is basically a ratio to measure a bank’s financial health.
The higher the tier 1 leverage ratio, the higher the likelihood of the bank withstanding negative shocks to its balance sheet.
The leverage ratio is used as a tool by central monetary authorities to ensure the capital adequacy of banks and place constraints on the degree to which a financial company can leverage its capital base.