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.
- Hydrofluorocarbons (HFCs) are on average several thousand times more potent greenhouse gas than carbon dioxide.
- Kigali Amendment to the Montreal Protocol is legally binding with mandatory HFC reduction targets for countries.
- HFCs have very high potential to deplete the stratospheric ozone layer.
Which of the above statements is/are correct?
Correct
Solution: b)
HFCs are on average several thousand times more potent than carbon dioxide.
Kigali Amendment is a legally binding agreement designed to create rights and obligations in international law.
While HFCs do not deplete the stratospheric ozone layer, they have high global warming potential, which has an adverse impact on climate.
Incorrect
Solution: b)
HFCs are on average several thousand times more potent than carbon dioxide.
Kigali Amendment is a legally binding agreement designed to create rights and obligations in international law.
While HFCs do not deplete the stratospheric ozone layer, they have high global warming potential, which has an adverse impact on climate.
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Question 2 of 5
2. Question
1 pointsWhich of the following can lead to stratospheric ozone depletion?
- Anthropogenic emission of nitrous oxide
- Space exploration
Select the correct answer code:
Correct
Solution: c)
Anthropogenic emission of nitrous oxide plays a significant role in stratospheric ozone depletion directly and by moderating depletion by chlorinated chemicals. Also, space exploration poses a significant threat to the ozone layer that had begun healing from historical depletion following action under the Montreal Protocol.
Incorrect
Solution: c)
Anthropogenic emission of nitrous oxide plays a significant role in stratospheric ozone depletion directly and by moderating depletion by chlorinated chemicals. Also, space exploration poses a significant threat to the ozone layer that had begun healing from historical depletion following action under the Montreal Protocol.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Sovereign Gold Bond Scheme.
- Bonds can be used as collateral for loans.
- The minimum permissible investment limit will be 1 gram of gold for individual.
- Both resident and non resident Indian entities can invest in Sovereign Gold Bond Scheme.
Which of the above statements is/are correct?
Correct
Solution: b)
- The sovereign gold bond was introduced by the Government in 2015.
- Government introduced these bonds to help reduce India’s over dependence on gold imports.
- It was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
Key facts:
- Eligibility: The bonds will be restricted for sale to resident Indian entities, including individuals, HUFs, trusts, universities and charitable institutions.
- Denomination and tenor: The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
- Minimum and Maximum limit: The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for Hindu Undivided Family and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
- Joint Holder: In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
- Collateral: Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
Incorrect
Solution: b)
- The sovereign gold bond was introduced by the Government in 2015.
- Government introduced these bonds to help reduce India’s over dependence on gold imports.
- It was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
Key facts:
- Eligibility: The bonds will be restricted for sale to resident Indian entities, including individuals, HUFs, trusts, universities and charitable institutions.
- Denomination and tenor: The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
- Minimum and Maximum limit: The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for Hindu Undivided Family and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
- Joint Holder: In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
- Collateral: Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Pantanal.
- Pantanal is the world’s largest tropical wetland.
- It is situated entirely in Brazil.
Which of the above statements is/are correct?
Correct
Solution: a)
Pantanal is the world’s largest tropical wetland. The Pantanal wetlands, situated in west-central Brazil, sprawls over more than 1,50,000 sq km and also extends into Bolivia and Paraguay.
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Question 5 of 5
5. Question
1 pointsThe states which is/are the major producer(s) of pulses in India include
- Manipur
- Himachal Pradesh
- Madhya Pradesh
- Kerala
Select the correct answer code
Correct
Solution: b)
Hardly any pulses are grown in Uttarakhand, Manipur and other NE states (except Assam), Kerala, HP and J&K.
MP is leading producer of pulses along with Maharashtra, UP, Rajasthan and Karnataka.
In all other states pulse production is comparatively lower.
Incorrect
Solution: b)
Hardly any pulses are grown in Uttarakhand, Manipur and other NE states (except Assam), Kerala, HP and J&K.
MP is leading producer of pulses along with Maharashtra, UP, Rajasthan and Karnataka.
In all other states pulse production is comparatively lower.
