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 regarding Basavanna
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- Basavanna rejected gender or social discrimination, superstitions and rituals.
- He was the founding saint of the Lingayat sect.
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation: Basavanna:
- Basavanna was a 12th-century philosopher, statesman, Kannada poet and a social reformer during the reign of the Kalachuri-dynasty king Bijjala I in Karnataka, India.
- Basavanna spread social awareness through his poetry, popularly known as Vachanaas. Basavanna rejected gender or social discrimination, superstitions and rituals.
- He introduced new public institutions such as the Anubhava Mantapa (or, the “hall of spiritual experience”), which welcomed men and women from all socio-economic backgrounds to discuss spiritual and mundane questions of life, in open.
- As a leader, he developed and inspired a new devotional movement named Virashaivas, or “ardent, heroic worshippers of Shiva”. This movement shared its roots in the ongoing Tamil Bhakti movement, particularly the Shaiva Nayanars traditions, over the 7th- to 11th-century.
- Basava championed devotional worship that rejected temple worship and rituals led by Brahmins, and replaced it with personalized direct worship of Shiva through practices such as individually worn icons and symbols like a small linga.
- He is the founding saint of the Lingayat sect.
- Basaveshwara is the first Kannadiga in whose honour a commemorative coin has been minted in recognition of his social reforms.
- In November 2015, the Prime Minister of India Narendra Modi inaugurated the statue of Basaveshwara along the bank of the river Thames at Lambeth in London.
Refer: https://www.insightsonindia.com/2021/01/07/foundation-stone-laid-for-new-anubhava-mantapa/
Incorrect
Ans: (c)
Explanation: Basavanna:
- Basavanna was a 12th-century philosopher, statesman, Kannada poet and a social reformer during the reign of the Kalachuri-dynasty king Bijjala I in Karnataka, India.
- Basavanna spread social awareness through his poetry, popularly known as Vachanaas. Basavanna rejected gender or social discrimination, superstitions and rituals.
- He introduced new public institutions such as the Anubhava Mantapa (or, the “hall of spiritual experience”), which welcomed men and women from all socio-economic backgrounds to discuss spiritual and mundane questions of life, in open.
- As a leader, he developed and inspired a new devotional movement named Virashaivas, or “ardent, heroic worshippers of Shiva”. This movement shared its roots in the ongoing Tamil Bhakti movement, particularly the Shaiva Nayanars traditions, over the 7th- to 11th-century.
- Basava championed devotional worship that rejected temple worship and rituals led by Brahmins, and replaced it with personalized direct worship of Shiva through practices such as individually worn icons and symbols like a small linga.
- He is the founding saint of the Lingayat sect.
- Basaveshwara is the first Kannadiga in whose honour a commemorative coin has been minted in recognition of his social reforms.
- In November 2015, the Prime Minister of India Narendra Modi inaugurated the statue of Basaveshwara along the bank of the river Thames at Lambeth in London.
Refer: https://www.insightsonindia.com/2021/01/07/foundation-stone-laid-for-new-anubhava-mantapa/
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Question 2 of 10
2. Question
1 pointsThe spread of Bhakti movement was chronological in terms of language used in the given region. Arrange the following from the earliest towards the latest:
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- Kannada
- Gujarati
- Bengali
- Kashmiri
Select the correct answer using the codes below:
Correct
Ans: (a)
Explanation:
- The spread of Bhakti movement through Kannada and Marathi happened at the same time in 11th Century, after the movement began in Tamil in 5-6th Century only. And then it is Gujarati in the 12th century. Afterwards, the sequential order is as follows: Kashmiri, Bengali, Assamese, Manipuri, Oriya, Maithili, Braj, Avadhi (the last three languages come under the umbrella language, Hindi) and other languages of India.
Refer: https://www.insightsonindia.com/2021/01/07/foundation-stone-laid-for-new-anubhava-mantapa/
Incorrect
Ans: (a)
Explanation:
- The spread of Bhakti movement through Kannada and Marathi happened at the same time in 11th Century, after the movement began in Tamil in 5-6th Century only. And then it is Gujarati in the 12th century. Afterwards, the sequential order is as follows: Kashmiri, Bengali, Assamese, Manipuri, Oriya, Maithili, Braj, Avadhi (the last three languages come under the umbrella language, Hindi) and other languages of India.
Refer: https://www.insightsonindia.com/2021/01/07/foundation-stone-laid-for-new-anubhava-mantapa/
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Question 3 of 10
3. Question
1 pointsConsider the following statements
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- Any Court as given by Parliament can issue writs
- Before the enactment of Constitution, High Courts were not allowed to issue writs
Which of the given above statements is/are correct?
Correct
Ans: (c)
Explanation:
- Parliament (under Article 32) can empower any other court to issue these writs. Since no such provision has been made so far, only the Supreme Court and the high courts can issue the writs and not any other court.
- Before 1950, only the High Courts of Calcutta, Bombay and Madras had the power to issue the writs.
Incorrect
Ans: (c)
Explanation:
- Parliament (under Article 32) can empower any other court to issue these writs. Since no such provision has been made so far, only the Supreme Court and the high courts can issue the writs and not any other court.
- Before 1950, only the High Courts of Calcutta, Bombay and Madras had the power to issue the writs.
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Question 4 of 10
4. Question
1 pointsConsider the following statements regarding National Infrastructure Pipeline (NIP).
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- The Union Government unveiled a ₹102 lakh crore national infrastructure pipeline that will be implemented in 5 years as part of Government’s spending push in the infrastructure sector.
- The central government and state governments would have an equal share of 50% each in the NIP.
- During the fiscals 2020 to 2025, sectors such as Energy, Roads, Urban, and Railways amount to around 70% of the projected capital expenditure in infrastructure in India.
Which of the above statements is/are correct?
Correct
Ans: (b)
Explanation: About NIP:
- In the budget speech of 2019-2020, Finance Minister announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years.
- NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens.
- It will improve project preparation, attract investments (both domestic & foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY 2025.
- Covers both economic and social infrastructure projects.
- Important recommendations and observations made by Atanu Chakraborty taskforce:
- Investment needed: ₹111 lakh crore over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
- Energy, roads, railways and urban projects are estimated to account for the bulk of projects (around 70%).
- The centre (39 percent) and state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share.
- Aggressive push towards asset sales.
- Monetisation of infrastructure assets.
- Setting up of development finance institutions.
- Strengthening the municipal bond market.
Refer: https://www.insightsonindia.com/2021/01/07/national-infrastructure-pipeline-nip-2/
Incorrect
Ans: (b)
Explanation: About NIP:
- In the budget speech of 2019-2020, Finance Minister announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years.
- NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens.
- It will improve project preparation, attract investments (both domestic & foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY 2025.
- Covers both economic and social infrastructure projects.
- Important recommendations and observations made by Atanu Chakraborty taskforce:
- Investment needed: ₹111 lakh crore over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
- Energy, roads, railways and urban projects are estimated to account for the bulk of projects (around 70%).
- The centre (39 percent) and state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share.
- Aggressive push towards asset sales.
- Monetisation of infrastructure assets.
- Setting up of development finance institutions.
- Strengthening the municipal bond market.
Refer: https://www.insightsonindia.com/2021/01/07/national-infrastructure-pipeline-nip-2/
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Question 5 of 10
5. Question
1 pointsConsider the following statements about Securities and Exchange Board of India.
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- SEBI is a statutory body under the provisions of Securities and Exchange Board of India Act, 1992.
- It is a quasi-legislative, quasi-executive and quasi-judicial body.
- There is an appeal process against a SEBI order to create accountability and the first appeal lies directly to the Supreme Court.
Which of the above statements is/are correct?
Correct
Ans: (b)
Explanation: About Securities and Exchange Board of India (SEBI)
- S1: It is the regulator for the securities market in India. It was established in 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.
- S2: If an entity wants to appeal against a Sebi order, it approaches Securities Appellate Tribunal (SAT), which is a three-member bench. A second appeal lies directly to the Supreme Court.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
Incorrect
Ans: (b)
Explanation: About Securities and Exchange Board of India (SEBI)
- S1: It is the regulator for the securities market in India. It was established in 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.
- S2: If an entity wants to appeal against a Sebi order, it approaches Securities Appellate Tribunal (SAT), which is a three-member bench. A second appeal lies directly to the Supreme Court.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
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Question 6 of 10
6. Question
1 pointsConsider the following statements with respect to Financial Action Task Force (FATF):
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- It is an Non-profit and non-governmental body
- It was found on the initiative of the G9
- India was one of the founding member of FATF
Select the Incorrect statements using the code below:
Correct
Ans: (d)
Explanation: here the directive word is Incorrect!!
- Financial Action Task Force (FATF) is an inter-governmental body, established in 1989 on the initiative of the G7.
- It is responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT).
- India became Observer at FATF in the year 2006. Since then, India has been working towards full-fledged Membership of FATF.
- As a part of its Membership, a joint FATF / Asia Pacific Group Mutual Evaluation Team visited India in November-December, 2009 for on-site assessment of Indias compliance with the 40+9 Recommendations of FATF.
- FATF Plenary adopted the Mutual Evaluation Report on India on 24th June 2010 and on 25th June 2010 admitted India as 34th Country Member of FATF.
- SEBI moots entry norms to set up stock exchanges:
- The Securities and Exchange Board of India (SEBI) has floated a discussion paper on review of ownership and governance norms to facilitate new entrants to set up stock exchanges and depositories, otherwise called as market infrastructure institutions (MIIs).
- As per the key proposals:
- A resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years.
- A foreign promoter from Financial Action Task Force FATF member jurisdictions setting up an MII may hold up to 49% shareholding, which shall be brought down to not more than (either 26% or 15%) in 10 years.
- Foreign individuals or entities from other than FATF member jurisdictions may acquire or hold up to 10% in an MII.
- Any person other than the promoter may acquire or hold less than 25% shareholding.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
Incorrect
Ans: (d)
Explanation: here the directive word is Incorrect!!
- Financial Action Task Force (FATF) is an inter-governmental body, established in 1989 on the initiative of the G7.
- It is responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT).
- India became Observer at FATF in the year 2006. Since then, India has been working towards full-fledged Membership of FATF.
- As a part of its Membership, a joint FATF / Asia Pacific Group Mutual Evaluation Team visited India in November-December, 2009 for on-site assessment of Indias compliance with the 40+9 Recommendations of FATF.
- FATF Plenary adopted the Mutual Evaluation Report on India on 24th June 2010 and on 25th June 2010 admitted India as 34th Country Member of FATF.
- SEBI moots entry norms to set up stock exchanges:
- The Securities and Exchange Board of India (SEBI) has floated a discussion paper on review of ownership and governance norms to facilitate new entrants to set up stock exchanges and depositories, otherwise called as market infrastructure institutions (MIIs).
- As per the key proposals:
- A resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years.
- A foreign promoter from Financial Action Task Force FATF member jurisdictions setting up an MII may hold up to 49% shareholding, which shall be brought down to not more than (either 26% or 15%) in 10 years.
- Foreign individuals or entities from other than FATF member jurisdictions may acquire or hold up to 10% in an MII.
- Any person other than the promoter may acquire or hold less than 25% shareholding.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
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Question 7 of 10
7. Question
1 pointsWith reference to Financial Action Task Force (FATF), consider the following statements:
-
- FATF is the global money laundering and terrorist financing watchdog.
- As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in the areas of money laundering and terrorist financing.
- The FATF monitors countries to ensure they implement the FATF Standards fully and effectively, and holds countries to account that do not comply.
Which of the given above statements is/are correct?
Correct
Ans: (d)
Explanation:
- The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
- With more than 200 countries and jurisdictions committed to implementing them. The FATF has developed the FATF Recommendations, or FATF Standards, which ensure a co-ordinated global response to prevent organised crime, corruption and terrorism. They help authorities go after the money of criminals dealing in illegal drugs, human trafficking and other crimes. The FATF also works to stop funding for weapons of mass destruction.
- The FATF reviews money laundering and terrorist financing techniques and continuously strengthens its standards to address new risks, such as the regulation of virtual assets, which have spread as cryptocurrencies gain popularity. The FATF monitors countries to ensure they implement the FATF Standards fully and effectively, and holds countries to account that do not comply.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
Incorrect
Ans: (d)
Explanation:
- The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
- With more than 200 countries and jurisdictions committed to implementing them. The FATF has developed the FATF Recommendations, or FATF Standards, which ensure a co-ordinated global response to prevent organised crime, corruption and terrorism. They help authorities go after the money of criminals dealing in illegal drugs, human trafficking and other crimes. The FATF also works to stop funding for weapons of mass destruction.
- The FATF reviews money laundering and terrorist financing techniques and continuously strengthens its standards to address new risks, such as the regulation of virtual assets, which have spread as cryptocurrencies gain popularity. The FATF monitors countries to ensure they implement the FATF Standards fully and effectively, and holds countries to account that do not comply.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
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Question 8 of 10
8. Question
1 pointsConsider the following statements:
-
- Rashtriya Kamdhenu Aayog is constituted by NITI Aayog
- The Aayog is a high powered permanent apex advisory body
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation: About the Rashtriya Kamdhenu Aayog:
- Constituted in 2019, the Aayog is a high powered permanent apex advisory body with the mandate to help the Central Government to develop appropriate programmes for conservation, sustainable development and genetic upgradation of indigenous breeds of cows.
- It comes under the Ministry of Fisheries, Animal Husbandry and Dairying.
- Rashtriya Kamdhenu Aayog will function as an integral part of Rashtriya Gokul Mission.
- Kamdhenu Gau-Vigyan Prachar-Prasar Exam:
- Announced by Rastriya Kamdhenu Aayog.
- The exam has been initiated for raising mass awareness about Indigenous cows among young students and all citizens.
- It will also help make study materials about cow science available.
- It will be conducted in four categories, primary, secondary, college and general public levels.
- The exam will be in Hindi, English and 12 regional languages.
- There will be no fee for taking the exam.
Refer: facts for prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
Incorrect
Ans: (b)
Explanation: About the Rashtriya Kamdhenu Aayog:
- Constituted in 2019, the Aayog is a high powered permanent apex advisory body with the mandate to help the Central Government to develop appropriate programmes for conservation, sustainable development and genetic upgradation of indigenous breeds of cows.
- It comes under the Ministry of Fisheries, Animal Husbandry and Dairying.
- Rashtriya Kamdhenu Aayog will function as an integral part of Rashtriya Gokul Mission.
- Kamdhenu Gau-Vigyan Prachar-Prasar Exam:
- Announced by Rastriya Kamdhenu Aayog.
- The exam has been initiated for raising mass awareness about Indigenous cows among young students and all citizens.
- It will also help make study materials about cow science available.
- It will be conducted in four categories, primary, secondary, college and general public levels.
- The exam will be in Hindi, English and 12 regional languages.
- There will be no fee for taking the exam.
Refer: facts for prelims: https://www.insightsonindia.com/2021/01/07/insights-daily-current-affairs-pib-summary-7-january-2021/
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Question 9 of 10
9. Question
1 pointsAtanu Chakraborty task force sometimes mentioned in the news in reference to:
Correct
Ans: (d)
Explanation:
- About NIP:
- In the budget speech of 2019-2020, Finance Minister announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years.
- NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens.
- It will improve project preparation, attract investments (both domestic & foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY 2025.
- Covers both economic and social infrastructure projects.
- Important recommendations and observations made by Atanu Chakraborty taskforce:
- Investment needed: ₹111 lakh crore over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
- Energy, roads, railways and urban projects are estimated to account for the bulk of projects (around 70%).
- The centre (39 percent) and state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share.
- Aggressive push towards asset sales.
- Monetisation of infrastructure assets.
- Setting up of development finance institutions.
- Strengthening the municipal bond market.
Refer: https://www.insightsonindia.com/2021/01/07/national-infrastructure-pipeline-nip-2/
Incorrect
Ans: (d)
Explanation:
- About NIP:
- In the budget speech of 2019-2020, Finance Minister announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years.
- NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens.
- It will improve project preparation, attract investments (both domestic & foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY 2025.
- Covers both economic and social infrastructure projects.
- Important recommendations and observations made by Atanu Chakraborty taskforce:
- Investment needed: ₹111 lakh crore over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
- Energy, roads, railways and urban projects are estimated to account for the bulk of projects (around 70%).
- The centre (39 percent) and state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share.
- Aggressive push towards asset sales.
- Monetisation of infrastructure assets.
- Setting up of development finance institutions.
- Strengthening the municipal bond market.
Refer: https://www.insightsonindia.com/2021/01/07/national-infrastructure-pipeline-nip-2/
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Question 10 of 10
10. Question
1 points“Momentum for Change: Climate Neutral Now” is an initiative launched by
Correct
Ans: (c)
Explanation:
- Climate Neutral Now is an initiative launched by the UN Climate Change in 2015, aiming at encouraging and supporting
- All levels of society to take climate action to achieve a climate neutral world by mid-century, as enshrined in the Paris Agreement adopted the same year.
- The initiative therefore invites companies, organizations, governments and citizens to work towards climate neutrality by reducing their climate footprint thanks to a simple 3.-steps method, whereby they shall:
- Measure their greenhouse gas emissions;
- Reduce them as much as possible; and
- Compensate those which cannot be avoided by using UN certified emission reductions (CERs).
Source: UPSC CSE 2018: Q58; set-D
Incorrect
Ans: (c)
Explanation:
- Climate Neutral Now is an initiative launched by the UN Climate Change in 2015, aiming at encouraging and supporting
- All levels of society to take climate action to achieve a climate neutral world by mid-century, as enshrined in the Paris Agreement adopted the same year.
- The initiative therefore invites companies, organizations, governments and citizens to work towards climate neutrality by reducing their climate footprint thanks to a simple 3.-steps method, whereby they shall:
- Measure their greenhouse gas emissions;
- Reduce them as much as possible; and
- Compensate those which cannot be avoided by using UN certified emission reductions (CERs).
Source: UPSC CSE 2018: Q58; set-D