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 pointsGlobal Innovation Index seeks to assist economies in evaluating their innovation performance. Which of the following are the pillars of GII?
- Human Capital and Research
- Infrastructure
- Knowledge and Technological outputs
- Market Sophistication
- Creative outputs
Select the correct answer code:
Correct
Solution: d)
GII has two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index, and seven pillars, each consisting of three sub-pillars, further divided into a total of 80 indicators. The Innovation Input sub-index and the Innovation Output Sub-Index have equal weight in calculating the overall GII. The Innovation Input sub-index has five pillars: (i) Institutions; (ii) Human Capital and Research; (iii) Infrastructure; (iv) Market Sophistication; and (v) Business Sophistication. The Innovation Output Sub-Index has two pillars (i) Knowledge and Technological outputs and (ii) Creative outputs.
Source: Economic Survey 2020-21 Vol-1
Incorrect
Solution: d)
GII has two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index, and seven pillars, each consisting of three sub-pillars, further divided into a total of 80 indicators. The Innovation Input sub-index and the Innovation Output Sub-Index have equal weight in calculating the overall GII. The Innovation Input sub-index has five pillars: (i) Institutions; (ii) Human Capital and Research; (iii) Infrastructure; (iv) Market Sophistication; and (v) Business Sophistication. The Innovation Output Sub-Index has two pillars (i) Knowledge and Technological outputs and (ii) Creative outputs.
Source: Economic Survey 2020-21 Vol-1
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM-JAY).
- PM-JAY is being used significantly for high frequency, low cost care such as dialysis and continued to be utilised without disruption even during the Covid pandemic and the lockdown.
- General medicine – the overwhelmingly major clinical specialty accounted for over half the claims – exhibited a V-shaped recovery after falling during the lockdown and reached pre-Covid-19 levels in December 2020.
Which of the above statements is/are correct?
Correct
Solution: c)
PM-JAY is being used significantly for high frequency, low cost care such as dialysis and continued to be utilised without disruption even during the Covid pandemic and the lockdown. General medicine – the overwhelmingly major clinical specialty accounting for over half the claims – exhibited a V-shaped recovery after falling during the lockdown and reached pre-Covid-19 levels in December 2020.
Source: Economic Survey 2020-21 Vol-1
Incorrect
Solution: c)
PM-JAY is being used significantly for high frequency, low cost care such as dialysis and continued to be utilised without disruption even during the Covid pandemic and the lockdown. General medicine – the overwhelmingly major clinical specialty accounting for over half the claims – exhibited a V-shaped recovery after falling during the lockdown and reached pre-Covid-19 levels in December 2020.
Source: Economic Survey 2020-21 Vol-1
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Question 3 of 5
3. Question
1 pointsParticipatory Notes commonly known as P-Notes are one of the instruments of foreign investment. In this context, consider the following statements:
- These are financial instruments used by overseas investors that are not registered with the SEBI to invest in Indian securities.
- The investors enjoy the voting rights in relation to shares invested through the P – Notes.
Which of the above statements is/are correct?
Correct
Solution: a)
Participatory Notes, also called P-Notes or just PNs are instruments that are issued by registered FIIs to overseas investors who want to invest in the stock markets in India, without registering themselves with the market regulatory authority SEBI. PNs are not used within India but by investors abroad. Hence, they are also known as offshore derivative instruments. They are used by clients of FIIs who do not wish to directly participate in the stock market in India, but do it through the FIIs using PNs.
The P-Note holder also does not enjoy any voting rights in relation to security/shares referenced by the P-Note.
Incorrect
Solution: a)
Participatory Notes, also called P-Notes or just PNs are instruments that are issued by registered FIIs to overseas investors who want to invest in the stock markets in India, without registering themselves with the market regulatory authority SEBI. PNs are not used within India but by investors abroad. Hence, they are also known as offshore derivative instruments. They are used by clients of FIIs who do not wish to directly participate in the stock market in India, but do it through the FIIs using PNs.
The P-Note holder also does not enjoy any voting rights in relation to security/shares referenced by the P-Note.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding National Disaster Response Fund (NDRF).
- NDRF is located in the “Public Accounts” of Government of India under “Reserve Funds not bearing interest”.
- The relief activities for all the calamities are monitored by the Ministry of Home Affairs.
- NDRF amount can be spent only towards meeting the expenses for emergency response, relief and rehabilitation.
Which of the above statements is/are correct?
Correct
Solution: b)
National Disaster Response Fund is defined in Section 46 of the Disaster Management Act, 2005 (DM Act) as a fund managed by the Central Government for meeting the expenses for emergency response, relief and rehabilitation due to any threatening disaster situation or disaster. NDRF is constituted to supplement the funds of the State Disaster Response Funds (SDRF) of the states to facilitate immediate relief in case of calamities of a severe nature.
NDRF amount can be spent only towards meeting the expenses for emergency response, relief and rehabilitation. For projects exclusively for the purpose of mitigation, i.e, measures aimed at reducing the risk, impact or effect of a disaster or threatening disaster situation a separate fund called National Disaster Mitigation Fund has to be constituted.
The NDRF is financed through the levy of a cess on certain items, chargeable to excise and customs duty, and approved annually through the Finance Bill. The requirement for funds beyond what is available under the NDRF is met through general budgetary resources.
Currently, a National Calamity Contingency Duty (NCCD) is levied to finance the NDRF and additional budgetary support is provided as and when necessary. A provision also exists in the DM Act to encourage any person or institution to make a contribution to the NDRF.
NDRF is located in the “Public Accounts” of Government of India under “Reserve Funds not bearing interest”.
Department of Agriculture and Cooperation under Ministry of Agriculture (MoA) monitors relief activities for calamities associated with drought, hailstorms, pest attacks and cold wave /frost while rest of the natural calamities are monitored by Ministry of Home Affairs (MHA).
Incorrect
Solution: b)
National Disaster Response Fund is defined in Section 46 of the Disaster Management Act, 2005 (DM Act) as a fund managed by the Central Government for meeting the expenses for emergency response, relief and rehabilitation due to any threatening disaster situation or disaster. NDRF is constituted to supplement the funds of the State Disaster Response Funds (SDRF) of the states to facilitate immediate relief in case of calamities of a severe nature.
NDRF amount can be spent only towards meeting the expenses for emergency response, relief and rehabilitation. For projects exclusively for the purpose of mitigation, i.e, measures aimed at reducing the risk, impact or effect of a disaster or threatening disaster situation a separate fund called National Disaster Mitigation Fund has to be constituted.
The NDRF is financed through the levy of a cess on certain items, chargeable to excise and customs duty, and approved annually through the Finance Bill. The requirement for funds beyond what is available under the NDRF is met through general budgetary resources.
Currently, a National Calamity Contingency Duty (NCCD) is levied to finance the NDRF and additional budgetary support is provided as and when necessary. A provision also exists in the DM Act to encourage any person or institution to make a contribution to the NDRF.
NDRF is located in the “Public Accounts” of Government of India under “Reserve Funds not bearing interest”.
Department of Agriculture and Cooperation under Ministry of Agriculture (MoA) monitors relief activities for calamities associated with drought, hailstorms, pest attacks and cold wave /frost while rest of the natural calamities are monitored by Ministry of Home Affairs (MHA).
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Essential Commodities Act.
- The Essential Commodities Act is an act of Parliament of India which was established to ensure the delivery of certain commodities or products, the supply of which if obstructed owing to hoarding or blackmarketing would affect the normal life of the people.
- The states can include new commodities as and when the need arises, and only the centre can take them off the list once the situation improves.
Which of the above statements is/are correct?
Correct
Solution: a)
The Essential Commodities Act is an act of Parliament of India which was established to ensure the delivery of certain commodities or products, the supply of which if obstructed owing to hoarding or blackmarketing would affect the normal life of the people.
Additionally, the government can also fix the maximum retail price (MRP) of any packaged product that it declares an “essential commodity”.
The Centre can include new commodities as and when the need arises, and take them off the list once the situation improves.
The act empowers Central and State Governments concurrently to control production, supply and distribution of certain commodities in view of rising pricing. When difference arise between Centre and States, the act specifies that the Centre will prevail.
Incorrect
Solution: a)
The Essential Commodities Act is an act of Parliament of India which was established to ensure the delivery of certain commodities or products, the supply of which if obstructed owing to hoarding or blackmarketing would affect the normal life of the people.
Additionally, the government can also fix the maximum retail price (MRP) of any packaged product that it declares an “essential commodity”.
The Centre can include new commodities as and when the need arises, and take them off the list once the situation improves.
The act empowers Central and State Governments concurrently to control production, supply and distribution of certain commodities in view of rising pricing. When difference arise between Centre and States, the act specifies that the Centre will prevail.
