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 Model Tenancy Act (MTA), 2021.
- The Act is piloted by the Ministry of Housing and Urban Affairs.
- The Act will be applicable prospectively and will not affect existing tenancies.
- The Act seeks to cover urban and as well as rural areas.
Which of the above statements is/are correct?
Correct
Solution: d)
After releasing the draft in 2019, the Union Cabinet approved the Model Tenancy Act (MTA) to streamline the process of renting property in India and aid the rent economy in the estate sector.
The new Act, piloted by the Ministry of Housing and Urban Affairs.
States can adopt the Act as it is with fresh legislation, since it is a state subject, or they can amend their existing rent acts to factor in the new MTA.
The new Act will be applicable prospectively and will not affect existing tenancies.
The Act seeks to cover urban and as well as rural areas.
Incorrect
Solution: d)
After releasing the draft in 2019, the Union Cabinet approved the Model Tenancy Act (MTA) to streamline the process of renting property in India and aid the rent economy in the estate sector.
The new Act, piloted by the Ministry of Housing and Urban Affairs.
States can adopt the Act as it is with fresh legislation, since it is a state subject, or they can amend their existing rent acts to factor in the new MTA.
The new Act will be applicable prospectively and will not affect existing tenancies.
The Act seeks to cover urban and as well as rural areas.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Asia/Pacific Group on Money Laundering (APG).
- The Asia/Pacific Group on Money Laundering (APG) is a NATO style regional inter-governmental body.
- The members are committed to implement international standards against money laundering (AML) and financing the proliferation of weapons of mass destruction.
Which of the above statements is/are correct?
Correct
Solution: b)
The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to implement international standards against money laundering (AML), the financing of terrorism (CTF) and financing the proliferation of weapons of mass destruction.
- APG was founded in 1997 in Bangkok, Thailand, and currently consists of 41 member jurisdictions in the Asia-Pacific region and a number of observer jurisdictions and international/regional observer organisations.
- Jurisdictions that join the APG, either as members or as observers, commit to the Recommendations of the Financial Action Task Force (FATF).
Incorrect
Solution: b)
The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to implement international standards against money laundering (AML), the financing of terrorism (CTF) and financing the proliferation of weapons of mass destruction.
- APG was founded in 1997 in Bangkok, Thailand, and currently consists of 41 member jurisdictions in the Asia-Pacific region and a number of observer jurisdictions and international/regional observer organisations.
- Jurisdictions that join the APG, either as members or as observers, commit to the Recommendations of the Financial Action Task Force (FATF).
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Question 3 of 5
3. Question
1 pointsConsider the following statements.
- Normally, cyclones weaken upon entering land.
- When cyclones come under the influence of western disturbances, it can retain its intensity even after entering land.
Which of the above statements is/are correct?
Correct
Solution: c)
Unlike most cyclones that are forced to weaken post landfall as they detach from the sea, Tauktae retained its intensity as a cyclone and maintained wind speeds between 60 and 70 km/hr gusting to 80 km/hr.
Cyclones are formed between the tropics while western disturbances are formed in the mid-latitudes. When the two interact, they influence each other. Such an interaction occurred at the time of landfall on the evening of May 17.
As Cyclone Tauktae came under the influence of western disturbances, it slowed down as it was crossing over to land. This slow progress over the coast ensured that the cyclone continued to get sufficient moisture supply from the sea. Hence it did not weaken, but rather retained its intensity even 24 hours after coming over land.
Incorrect
Solution: c)
Unlike most cyclones that are forced to weaken post landfall as they detach from the sea, Tauktae retained its intensity as a cyclone and maintained wind speeds between 60 and 70 km/hr gusting to 80 km/hr.
Cyclones are formed between the tropics while western disturbances are formed in the mid-latitudes. When the two interact, they influence each other. Such an interaction occurred at the time of landfall on the evening of May 17.
As Cyclone Tauktae came under the influence of western disturbances, it slowed down as it was crossing over to land. This slow progress over the coast ensured that the cyclone continued to get sufficient moisture supply from the sea. Hence it did not weaken, but rather retained its intensity even 24 hours after coming over land.
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Question 4 of 5
4. Question
1 pointsConsider the following statements.
- At Sarnath, where the Buddha gave his first sermon, the stone statue has a hand gesture called the dharma-chakra mudra.
- The statues of Standing Buddha signifies rising to teach after reaching nirvana.
Which of the above statements is/are correct?
Correct
Solution: c)
At Sarnath, where the Buddha gave his first sermon, the stone statue has a hand gesture called the dharma-chakra mudra.
Experts say the Buddha is depicted in over a hundred poses around the world. While the Sitting Buddha — most common depiction — is believed to be teaching or meditating, the Standing Buddha signifies rising to teach after reaching nirvana.
Incorrect
Solution: c)
At Sarnath, where the Buddha gave his first sermon, the stone statue has a hand gesture called the dharma-chakra mudra.
Experts say the Buddha is depicted in over a hundred poses around the world. While the Sitting Buddha — most common depiction — is believed to be teaching or meditating, the Standing Buddha signifies rising to teach after reaching nirvana.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding zero-coupon bond.
- Zero Coupon Bonds are issued at a discount and redeemed at par.
- No interest payment is made on such bonds at periodic intervals.
- These are special types of bonds issued only by the Central government specifically to a particular institution.
Which of the above statements is/are incorrect?
Correct
Solution: b)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
Incorrect
Solution: b)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
