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 about Govind Ballabh Pant:
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- Following Gandhi’s footsteps, Pant organised a massive salt movement in the United Provinces.
- He led the protest against the Simon Commission.
- He was the first chief minister of Uttar Pradesh in Independent India.
Which of the given above statements is/are correct?
Correct
Ans: (c)
Explanation: About Govind Ballabh Pant:
- Pant was born on 10 September 1887 in what is now Uttarakhand, at Almora.
- In Kashipur, he established an organisation called Prem Sabha that started working towards several reforms.
- He also saved a school from shutting down due to non-payment of taxes to the British government.
- He was the first chief minister of Uttar Pradesh in Independent India.
- He served as India’s home minister from 1955 to 1961. It was during his tenure that states were reorganised on linguistic lines.
- Following Gandhi’s footsteps, Pant also organised a massive salt movement in the United Provinces. In May 1930, he was arrested and held at Dehradun jail.
- He also protested against the Simon Commission.
- In 1957, Pant was awarded India’s highest civilian award, the Bharat Ratna.
- The protest against simon commission was led by the Indian nationalist Lala Lajpat Rai, who had moved a resolution against the Commission in the Legislative Assembly of Punjab in February 1928.
Refer: https://www.insightsonindia.com/2021/01/27/govind-ballabh-pant-2/
Incorrect
Ans: (c)
Explanation: About Govind Ballabh Pant:
- Pant was born on 10 September 1887 in what is now Uttarakhand, at Almora.
- In Kashipur, he established an organisation called Prem Sabha that started working towards several reforms.
- He also saved a school from shutting down due to non-payment of taxes to the British government.
- He was the first chief minister of Uttar Pradesh in Independent India.
- He served as India’s home minister from 1955 to 1961. It was during his tenure that states were reorganised on linguistic lines.
- Following Gandhi’s footsteps, Pant also organised a massive salt movement in the United Provinces. In May 1930, he was arrested and held at Dehradun jail.
- He also protested against the Simon Commission.
- In 1957, Pant was awarded India’s highest civilian award, the Bharat Ratna.
- The protest against simon commission was led by the Indian nationalist Lala Lajpat Rai, who had moved a resolution against the Commission in the Legislative Assembly of Punjab in February 1928.
Refer: https://www.insightsonindia.com/2021/01/27/govind-ballabh-pant-2/
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Question 2 of 10
2. Question
1 pointsThe term “Two state Solution” is sometimes mentioned in the new in the context of the affairs of
Correct
Ans: (b)
Explanation: Israel-Palestine Conflict:
- The Israeli-Palestinian conflict dates back to the end of the nineteenth century, primarily as a conflict over territory.
- After the 1948 Arab-Israeli war, the Holy Land was divided into three parts: The State of Israel, the West Bank (of the Jordan River), and the Gaza Strip.
- The 1993 Oslo Accords mediated the conflict, to set up a framework for two state solution. It recognized the Palestinian Authority tasked with limited self-governance of parts of the West Bank and Gaza Strip.
Refer: https://www.insightsonindia.com/2021/01/27/u-s-announces-restoration-of-relations-with-palestinians/
Incorrect
Ans: (b)
Explanation: Israel-Palestine Conflict:
- The Israeli-Palestinian conflict dates back to the end of the nineteenth century, primarily as a conflict over territory.
- After the 1948 Arab-Israeli war, the Holy Land was divided into three parts: The State of Israel, the West Bank (of the Jordan River), and the Gaza Strip.
- The 1993 Oslo Accords mediated the conflict, to set up a framework for two state solution. It recognized the Palestinian Authority tasked with limited self-governance of parts of the West Bank and Gaza Strip.
Refer: https://www.insightsonindia.com/2021/01/27/u-s-announces-restoration-of-relations-with-palestinians/
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Question 3 of 10
3. Question
1 pointsArrange the following locations in the direction of West to East:
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- Golan Heights
- Gaza
- West Bank
- Amman
Select the correct answer using the code below:
Correct
Ans: (b)
Explanation:
Refer: https://www.insightsonindia.com/2021/01/27/u-s-announces-restoration-of-relations-with-palestinians/
Incorrect
Ans: (b)
Explanation:
Refer: https://www.insightsonindia.com/2021/01/27/u-s-announces-restoration-of-relations-with-palestinians/
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Question 4 of 10
4. Question
1 pointsConsider the following statements about the North Atlantic Treaty Organization:
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- It is an intergovernmental military alliance between 30 European and North American countries.
- NATO constitutes a system of collective defence whereby its independent member states agree to mutual defence in response to an attack by any external party.
- The most recent member state to be added to NATO was Belgium.
Which of the given above statements is/are correct?
Correct
Ans: (a)
Explanation:
- North Atlantic Treaty Organization is an intergovernmental military alliance between 30 European and North American countries.
- The organization implements the North Atlantic Treaty that was signed on 4 April 1949.
- NATO constitutes a system of collective defence whereby its independent member states agree to mutual defence in response to an attack by any external party.
- NATO’s Headquarters are located in Evere, Brussels, Belgium, while the headquarters of Allied Command Operations is near Mons, Belgium.
- The most recent member state to be added to NATO was North Macedonia on 27 March 2020.
Refer: https://www.insightsonindia.com/2021/01/27/u-s-taliban-peace-deal/
Incorrect
Ans: (a)
Explanation:
- North Atlantic Treaty Organization is an intergovernmental military alliance between 30 European and North American countries.
- The organization implements the North Atlantic Treaty that was signed on 4 April 1949.
- NATO constitutes a system of collective defence whereby its independent member states agree to mutual defence in response to an attack by any external party.
- NATO’s Headquarters are located in Evere, Brussels, Belgium, while the headquarters of Allied Command Operations is near Mons, Belgium.
- The most recent member state to be added to NATO was North Macedonia on 27 March 2020.
Refer: https://www.insightsonindia.com/2021/01/27/u-s-taliban-peace-deal/
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Question 5 of 10
5. Question
1 pointsWhich of the following developments may not likely reduce the fiscal deficit?
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- Increasing Foreign Direct Investment (FDI)
- Providing budgetary support to public sector enterprises
- Waiving off farm loans.
- Austerity measures should be adopted.
Select the correct answer code:
Correct
Ans: (b)
Explanation:
- Fiscal deficit (FD) is the difference between revenue receipts plus non-debt capital receipts on the one side and total expenditure including loans, net of repayments, on the other. It measures the gap between the government consumption expenditure including loan repayments and the anticipated income from tax and non-tax revenues.
- It also indicates the borrowing requirements of the government from all sources. The bigger the gap the more the government will have to borrow or resort to printing money to make both ends meet. Indiscriminate borrowings will push the economy into debt trap, while too much deficit financing may be inflationary.
- Increasing Foreign Direct Investment (FDI) tend to bring more revenue to the government there by reducing FD.
- Austerity measures are reductions in government spending, increases in tax revenues, or both which can reduce FD.
- Providing budgetary support to public sector enterprises and Waiving off farm loans increase government expenditure thus increasing FD.
Refer: https://www.insightsonindia.com/2021/01/27/off-budget-borrowing/
Incorrect
Ans: (b)
Explanation:
- Fiscal deficit (FD) is the difference between revenue receipts plus non-debt capital receipts on the one side and total expenditure including loans, net of repayments, on the other. It measures the gap between the government consumption expenditure including loan repayments and the anticipated income from tax and non-tax revenues.
- It also indicates the borrowing requirements of the government from all sources. The bigger the gap the more the government will have to borrow or resort to printing money to make both ends meet. Indiscriminate borrowings will push the economy into debt trap, while too much deficit financing may be inflationary.
- Increasing Foreign Direct Investment (FDI) tend to bring more revenue to the government there by reducing FD.
- Austerity measures are reductions in government spending, increases in tax revenues, or both which can reduce FD.
- Providing budgetary support to public sector enterprises and Waiving off farm loans increase government expenditure thus increasing FD.
Refer: https://www.insightsonindia.com/2021/01/27/off-budget-borrowing/
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Question 6 of 10
6. Question
1 pointsConsider the following statements:
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- In India, Extra budgetary resources (EBRs) are not part of the official budget calculations.
- Extra budget borrowing is excluded from the fiscal deficit calculations.
- Extra budget borrowing is added to the total debt of the government.
Which of the given above statements is/are correct?
Correct
Ans: (d)
Explanation:
- According the budget document, “Extra budgetary resources (EBRs) are those financial liabilities that are raised by Public Sector Undertakings for which repayment of entire principal and interest is done from Government budget,”
- Such borrowings are made by state-owned firms to fund government schemes but are not part of the official budget calculations.
- Extra budget borrowing is excluded from the fiscal deficit calculations, but at the same time, are added to the total debt of the government.
- In recent years, several CPSUs have raised resources from the market by issuing Government of India-Fully Serviced Bonds (GoIFSB) for which the repayment of both principal and interest is to be done from the Budget.
- This means that though the borrowing is not a part of the consolidated fund of India, the interest payment for such borrowings are made out of the consolidated fund.
Refer: https://www.insightsonindia.com/2021/01/27/off-budget-borrowing/
Incorrect
Ans: (d)
Explanation:
- According the budget document, “Extra budgetary resources (EBRs) are those financial liabilities that are raised by Public Sector Undertakings for which repayment of entire principal and interest is done from Government budget,”
- Such borrowings are made by state-owned firms to fund government schemes but are not part of the official budget calculations.
- Extra budget borrowing is excluded from the fiscal deficit calculations, but at the same time, are added to the total debt of the government.
- In recent years, several CPSUs have raised resources from the market by issuing Government of India-Fully Serviced Bonds (GoIFSB) for which the repayment of both principal and interest is to be done from the Budget.
- This means that though the borrowing is not a part of the consolidated fund of India, the interest payment for such borrowings are made out of the consolidated fund.
Refer: https://www.insightsonindia.com/2021/01/27/off-budget-borrowing/
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Question 7 of 10
7. Question
1 pointsConsider the following statements about Padma Awards:
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- The Padma Awards are one of the highest civilian honours of India announced annually on the eve of Republic Day.
- The Awards are conferred on the recommendations made by the Padma Awards Committee, which is constituted by the President of India every year.
Which of the given above statements is/are correct?
Correct
Ans: (a)
Explanation:
- About Padma Awards:
- The Padma Awards are one of the highest civilian honours of India announced annually on the eve of Republic Day.
- The award seeks to recognize achievements in all fields of activities or disciplines where an element of public service is involved.
- The Awards are conferred on the recommendations made by the Padma Awards Committee, which is constituted by the Prime Minister every year.
- The Awards are given in three categories:
- Padma Vibhushan (for exceptional and distinguished service).
- Padma Bhushan (distinguished service of higher order).
- Padma Shri (distinguished service).
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
Incorrect
Ans: (a)
Explanation:
- About Padma Awards:
- The Padma Awards are one of the highest civilian honours of India announced annually on the eve of Republic Day.
- The award seeks to recognize achievements in all fields of activities or disciplines where an element of public service is involved.
- The Awards are conferred on the recommendations made by the Padma Awards Committee, which is constituted by the Prime Minister every year.
- The Awards are given in three categories:
- Padma Vibhushan (for exceptional and distinguished service).
- Padma Bhushan (distinguished service of higher order).
- Padma Shri (distinguished service).
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
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Question 8 of 10
8. Question
1 pointsConsider the following statements:
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- Bharat Parv is a mega event organized every year since 1950, to coincide with the Republic Day Celebrations.
- Bharat Parv 2021 will be organized by the Ministry of Tourism.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- Bharat Parv 2021:
- It is a mega event organized every year to coincide with the Republic Day Celebrations.
- It was started in the year 2016.
- The event envisages generating patriotic fervor and showcases the rich and varied cultural diversity of the country.
- Bharat Parv 2021 will be organized by the Ministry of Tourism.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
Incorrect
Ans: (b)
Explanation:
- Bharat Parv 2021:
- It is a mega event organized every year to coincide with the Republic Day Celebrations.
- It was started in the year 2016.
- The event envisages generating patriotic fervor and showcases the rich and varied cultural diversity of the country.
- Bharat Parv 2021 will be organized by the Ministry of Tourism.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
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Question 9 of 10
9. Question
1 pointsConsider the following statements about Competition Commission of India (CCI):
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- It is a statutory body of the Government of India.
- It was established on 14 October 2003.
- The Commission comprises a Chairperson and not less than 2 and not more than 6 other members appointed by the Central Government.
Which of the given above statements is/are correct?
Correct
Ans: (d)
Explanation:
- S3: The Commission comprises a Chairperson and not less than 2 and not more than 6 other members appointed by the Central Government.
- S1 & 2: It is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition.
- It was established on 14 October 2003. It became fully functional in May 2009 with Dhanendra Kumar as its first Chairman.
- What is non-price competition?
- Non-price competition refers to competition between companies that focuses on benefits, extra services, good workmanship, product quality – plus all other features and measures that do not involve altering prices.
- It contrasts with price competition, in which rivals try to gain market share by reducing their prices.
- Non-price competition is often adopted by the competing players in a sector in order to prevent a price war, which can lead to a damaging spiral of price cuts.
- Context:
- Data privacy can take the form of non-price competition and abuse of dominance can lower privacy protection, a study by the Competition Commission of India (CCI) has said.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
Incorrect
Ans: (d)
Explanation:
- S3: The Commission comprises a Chairperson and not less than 2 and not more than 6 other members appointed by the Central Government.
- S1 & 2: It is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition.
- It was established on 14 October 2003. It became fully functional in May 2009 with Dhanendra Kumar as its first Chairman.
- What is non-price competition?
- Non-price competition refers to competition between companies that focuses on benefits, extra services, good workmanship, product quality – plus all other features and measures that do not involve altering prices.
- It contrasts with price competition, in which rivals try to gain market share by reducing their prices.
- Non-price competition is often adopted by the competing players in a sector in order to prevent a price war, which can lead to a damaging spiral of price cuts.
- Context:
- Data privacy can take the form of non-price competition and abuse of dominance can lower privacy protection, a study by the Competition Commission of India (CCI) has said.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
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Question 10 of 10
10. Question
1 pointsConsider the following statements about United Nations Framework Convention on Climate Change:
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- It is an international environmental treaty.
- Its supreme decision-making body, the Conference of the Parties (COP), meets annually to assess progress in dealing with climate change.
- As of 2020, the UNFCCC has 192 signatory parties.
Which of the given above statements is/are correct?
Correct
Ans: (a)
Explanation:
- The United Nations Framework Convention on Climate Change (UNFCCC) is an international environmental treaty addressing climate change, negotiated and signed by 154 states at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992.
- As of 2020, the UNFCCC has 197 signatory parties. Its supreme decision-making body, the Conference of the Parties (COP), meets annually to assess progress in dealing with climate change.
- Climate Adaptation Summit 2021:
- The climate adaptation summit was hosted by the Netherlands government on January 25, 2021.
- The summit was held online and it is being called “CAS Online”.
- The summit was built on the advances of the UN Climate Action Summit.
- The summit also showcased the pioneering solutions of the climate emergency and sustaining momentum through UNFCCC’s COP26.
- CAS will help in delivering the action and inspire the change to help the societies build back better.
- The summit was organized with the aim of realizing the transitions which is required for a climate-resilient world.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
Incorrect
Ans: (a)
Explanation:
- The United Nations Framework Convention on Climate Change (UNFCCC) is an international environmental treaty addressing climate change, negotiated and signed by 154 states at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992.
- As of 2020, the UNFCCC has 197 signatory parties. Its supreme decision-making body, the Conference of the Parties (COP), meets annually to assess progress in dealing with climate change.
- Climate Adaptation Summit 2021:
- The climate adaptation summit was hosted by the Netherlands government on January 25, 2021.
- The summit was held online and it is being called “CAS Online”.
- The summit was built on the advances of the UN Climate Action Summit.
- The summit also showcased the pioneering solutions of the climate emergency and sustaining momentum through UNFCCC’s COP26.
- CAS will help in delivering the action and inspire the change to help the societies build back better.
- The summit was organized with the aim of realizing the transitions which is required for a climate-resilient world.
Refer: Facts for Prelims: https://www.insightsonindia.com/2021/01/27/insights-daily-current-affairs-pib-summary-27-january-2021/
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