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.
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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 pointsConsider the following statements regarding Government Bond Yields.
- A rise in bond yields means interest rates in the monetary system have fallen, and the returns for investors who invested in bonds and govt securities have declined.
- Bond yields are directly proportional to equity returns.
Which of the above statements is/are correct?
Correct
Solution: a)
A fall in interest rates makes bond prices rise, and bond yields fall — and rising interest rates cause bond prices to fall, and bond yields to rise. In short, a rise in bond yields means interest rates in the monetary system have fallen, and the returns for investors (those who invested in bonds and govt securities) have declined.
“Bond yields are inversely proportional to equity returns; when bond yields decline, equity markets tend to outperform, and when yields rise, equity market returns tend to falter.
Incorrect
Solution: a)
A fall in interest rates makes bond prices rise, and bond yields fall — and rising interest rates cause bond prices to fall, and bond yields to rise. In short, a rise in bond yields means interest rates in the monetary system have fallen, and the returns for investors (those who invested in bonds and govt securities) have declined.
“Bond yields are inversely proportional to equity returns; when bond yields decline, equity markets tend to outperform, and when yields rise, equity market returns tend to falter.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Simlipal forest reserve.
- Simlipal is both a national park and a tiger reserve.
- It lies in the western end of the eastern ghats in Odisha.
- It is part of the UNESCO World Network of Biosphere Reserves.
Which of the above statements is/are correct?
Correct
Solution: b)
The Simlipal forest reserve area frequently witnesses forest fires during dry weather conditions.
Similipal, which derives its name from ‘Simul’ (silk cotton) tree, is a national park and a tiger reserve situated in the northern part of Odisha’s Mayurbhanj district. Similipal and the adjoining areas, comprising 5,569 sq km, was declared a biosphere reserve by the Government of India on June 22, 1994, and lies in the eastern end of the eastern ghat.
Government of India declared Simlipal as a biosphere reserve in 1994. UNESCO added this national park to its list of Biosphere Reserves in May 2009.
Incorrect
Solution: b)
The Simlipal forest reserve area frequently witnesses forest fires during dry weather conditions.
Similipal, which derives its name from ‘Simul’ (silk cotton) tree, is a national park and a tiger reserve situated in the northern part of Odisha’s Mayurbhanj district. Similipal and the adjoining areas, comprising 5,569 sq km, was declared a biosphere reserve by the Government of India on June 22, 1994, and lies in the eastern end of the eastern ghat.
Government of India declared Simlipal as a biosphere reserve in 1994. UNESCO added this national park to its list of Biosphere Reserves in May 2009.
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Question 3 of 5
3. Question
1 pointsArrange the following Islands from North to South
- Takeshima Island
- Kuril Island
- Senkaku Island
Select the correct answer code:
Correct
Solution: c)
Incorrect
Solution: c)
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Question 4 of 5
4. Question
1 pointsSovereign credit ratings can significantly affect which of the following in the Indian Economy?
- Bond Yields
- Stock market returns
- Foreign direct investment (FDI)
- Own-country exchange rates
Select the correct answer code:
Correct
Solution: d)
Changes in sovereign credit ratings significantly affect bond and stock markets.
Donors’ as well as recipients’ credit ratings impact FDI flows. Countries in high rated regions may receive more FDI.
Ratings affect own-country exchange rates as well as have strong regional spill over effect on exchange rates.
Source: Economic Survey 2020-21 Vol-1
Incorrect
Solution: d)
Changes in sovereign credit ratings significantly affect bond and stock markets.
Donors’ as well as recipients’ credit ratings impact FDI flows. Countries in high rated regions may receive more FDI.
Ratings affect own-country exchange rates as well as have strong regional spill over effect on exchange rates.
Source: Economic Survey 2020-21 Vol-1
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Telecom Regulatory Authority of India (TRAI).
- TRAI regulates telecom services, including fixation/revision of tariffs for telecom services.
- One of the objectives of TRAI is to provide a fair and transparent policy environment promoting a level playing field amongst players and facilitating fair competition.
Which of the above statements is/are incorrect?
Correct
Solution: d)
The entry of private service providers brought with it the inevitable need for independent regulation. The Telecom Regulatory Authority of India (TRAI) was, established in 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997, to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government.
One of the main objectives of TRAI is to provide a fair and transparent policy environment which promotes a level playing field and facilitates fair competition.
The TRAI Act was amended by an ordinance, effective from 24 January 2000, establishing a Telecommunications Dispute Settlement and Appellate Tribunal (TDSAT) to take over the adjudicatory and disputes functions from TRAI.
Incorrect
Solution: d)
The entry of private service providers brought with it the inevitable need for independent regulation. The Telecom Regulatory Authority of India (TRAI) was, established in 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997, to regulate telecom services, including fixation/revision of tariffs for telecom services which were earlier vested in the Central Government.
One of the main objectives of TRAI is to provide a fair and transparent policy environment which promotes a level playing field and facilitates fair competition.
The TRAI Act was amended by an ordinance, effective from 24 January 2000, establishing a Telecommunications Dispute Settlement and Appellate Tribunal (TDSAT) to take over the adjudicatory and disputes functions from TRAI.
