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 2021. 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.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
INSIGHTS CURRENT AFFAIRS QUIZ 2020
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
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.
To view Solutions, follow these instructions:
-
Click on – ‘Start Quiz’ button
-
Solve Questions
-
Click on ‘Quiz Summary’ button
-
Click on ‘Finish Quiz’ button
-
Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsConsider the following statements regarding Primary deficit.
- The primary deficit is the sum of Fiscal deficit and interest payments.
- It includes the burden of the past debt.
Which of the above statements is/are correct?
Correct
Solution: d)
Primary Deficit = Fiscal Deficit – Interest Payments
The total borrowing requirement of the government includes the interest commitments on accumulated debts.
Primary deficit reflects the extent to which such interest commitments have compelled the government to borrow in the current period.
It excludes the burden of the past debt and shows the net increase in the government’s indebtedness due to the current year’s fiscal operations. A reduction in primary deficit is reflective of government’s efforts at bridging the fiscal gap during a financial year.
Incorrect
Solution: d)
Primary Deficit = Fiscal Deficit – Interest Payments
The total borrowing requirement of the government includes the interest commitments on accumulated debts.
Primary deficit reflects the extent to which such interest commitments have compelled the government to borrow in the current period.
It excludes the burden of the past debt and shows the net increase in the government’s indebtedness due to the current year’s fiscal operations. A reduction in primary deficit is reflective of government’s efforts at bridging the fiscal gap during a financial year.
-
Question 2 of 5
2. Question
1 pointsTax buoyancy refers to the responsiveness of tax revenue growth to changes in GDP. If there is an output growth and the tax buoyancy is not commensurate, then it can imply
Correct
Solution: c)
Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth to changes in GDP. When a tax is buoyant, its revenue increases without increasing the tax rate.
If the output grows and the tax buoyancy is not commensurate it means one of the following or both: There is tax evasion or growth in the non-taxed part of GDP (Eg: agriculture)
Incorrect
Solution: c)
Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth to changes in GDP. When a tax is buoyant, its revenue increases without increasing the tax rate.
If the output grows and the tax buoyancy is not commensurate it means one of the following or both: There is tax evasion or growth in the non-taxed part of GDP (Eg: agriculture)
-
Question 3 of 5
3. Question
1 pointsWith reference to Union Budget, which of the following is/are covered under Capital receipts?
- Disinvestment
- Interest and dividend on government investment
- Funds from Public Provident Fund
- Revenue from Income tax
Select the correct answer code.
Correct
Solution: a)
Government receipts which either (i) create liabilities (e.g. borrowing) or (ii) reduce assets (e.g. disinvestment) are called capital receipts. Thus when govt. raises funds either by incurring a liability or by disposing off its assets, it is called a capital receipt.
Two examples of Capital Receipts which create liability are Borrowing and raising of funds from Public Provident Fund and Small savings deposits.
Two examples of Capital Receipts which reduce assets are Disinvestment and Recovery of Loans. Disinvestment by government means selling a part or whole of its shares of public sector undertakings.
Incorrect
Solution: a)
Government receipts which either (i) create liabilities (e.g. borrowing) or (ii) reduce assets (e.g. disinvestment) are called capital receipts. Thus when govt. raises funds either by incurring a liability or by disposing off its assets, it is called a capital receipt.
Two examples of Capital Receipts which create liability are Borrowing and raising of funds from Public Provident Fund and Small savings deposits.
Two examples of Capital Receipts which reduce assets are Disinvestment and Recovery of Loans. Disinvestment by government means selling a part or whole of its shares of public sector undertakings.
-
Question 4 of 5
4. Question
1 pointsWhich of the following is used for control and prevention of spread of animal diseases?
Correct
Solution: d)
Incorrect
Solution: d)
-
Question 5 of 5
5. Question
1 pointsThe Global Tiger Initiative (GTI) is a program of the
Correct
Solution: a)
The Global Tiger Initiative (GTI) was launched in 2008 as a global alliance of governments, international organizations, civil society, the conservation and scientific communities and the private sector, with the aim of working together to save wild tigers from extinction. In 2013, the scope was broadened to include Snow Leopards.
The GTI’s founding partners included the World Bank, the Global Environment Facility (GEF), the Smithsonian Institution, Save the Tiger Fund, and International Tiger Coalition (representing more than 40 non-government organizations). The initiative is led by the 13 tiger range countries (TRCs).
Incorrect
Solution: a)
The Global Tiger Initiative (GTI) was launched in 2008 as a global alliance of governments, international organizations, civil society, the conservation and scientific communities and the private sector, with the aim of working together to save wild tigers from extinction. In 2013, the scope was broadened to include Snow Leopards.
The GTI’s founding partners included the World Bank, the Global Environment Facility (GEF), the Smithsonian Institution, Save the Tiger Fund, and International Tiger Coalition (representing more than 40 non-government organizations). The initiative is led by the 13 tiger range countries (TRCs).
