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 pointsGlobal Economic Freedom Index 2020, is released by
Correct
Solution: d)
India has fallen 26 spots to the 105th position on the Global Economic Freedom Index 2020. The country was at the 79th spot in last year’s rankings. The Economic Freedom of the World: 2020 Annual Report by Canada’s Fraser Institute has been released in India in conjunction with New Delhi-based think tank Centre For Civil Society.
Incorrect
Solution: d)
India has fallen 26 spots to the 105th position on the Global Economic Freedom Index 2020. The country was at the 79th spot in last year’s rankings. The Economic Freedom of the World: 2020 Annual Report by Canada’s Fraser Institute has been released in India in conjunction with New Delhi-based think tank Centre For Civil Society.
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Question 2 of 5
2. Question
1 pointsConsider the following statements.
- Cross pathy is a practice in which homeopathic and ayurvedic drugs are prescribed along with allopathic medicines.
- Central Council of Indian Medicine (CCIM) is a statutory body under Ministry of Healthand Family Welfare that monitors higher education in Indian systems of medicine.
Which of the above statements is/are correct?
Correct
Solution: a)
Central Council of Indian Medicine (CCIM) is a statutory body under Ministry of AYUSH, Government of India, set up in 1971 under the Indian Medicine Central Council Act, (Act 48). It is one of the Professional councils under University Grants Commission (UGC) to monitor higher education in Indian systems of medicine, including Ayurveda, Siddha, Unani and Sowa-Rigpa.
Cross pathy is a practice in which homeopathic and ayurvedic drugs are prescribed along with allopathic medicines.
Incorrect
Solution: a)
Central Council of Indian Medicine (CCIM) is a statutory body under Ministry of AYUSH, Government of India, set up in 1971 under the Indian Medicine Central Council Act, (Act 48). It is one of the Professional councils under University Grants Commission (UGC) to monitor higher education in Indian systems of medicine, including Ayurveda, Siddha, Unani and Sowa-Rigpa.
Cross pathy is a practice in which homeopathic and ayurvedic drugs are prescribed along with allopathic medicines.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Green Climate Fund (GCF).
- The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change.
- It was set up by the World Bank.
- The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.
- The entire support through GCF mechanism is through grants and the countries are not required to pay back.
Which of the above statements is/are correct?
Correct
Solution: b)
The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. It was set up by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010. GCF has a crucial role in serving the Paris Agreement, supporting the goal of keeping average global temperature rise well below 2 degrees C.
The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.
It offers a wide range of financial products including grants, concessional loans, subordinated debt, equity, and guarantees.
Incorrect
Solution: b)
The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. It was set up by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010. GCF has a crucial role in serving the Paris Agreement, supporting the goal of keeping average global temperature rise well below 2 degrees C.
The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.
It offers a wide range of financial products including grants, concessional loans, subordinated debt, equity, and guarantees.
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Question 4 of 5
4. 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 5 of 5
5. Question
1 pointsConsider the following statements regarding zero-coupon bond.
- A zero-coupon bond is a debt security that not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
- These are special types of bonds issued only by the Central government specifically to a particular institution.
Which of the above statements is/are correct?
Correct
Solution: a)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
Incorrect
Solution: a)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
