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.
- In the last 10 years, income tax collections were higher than the corporation tax collected by the government.
- Centre’s overall revenue is around 60 to 65 percent of total revenue of the Centre and the States put together.
Which of the above statements is/are correct?
Correct
Solution: b)
The central government published its accounts for 2020-21. For the first time in 12 years, income tax collections were higher than the corporation tax collected by the government.
Centre’s overall revenue is around 60 to 65 percent of total revenue of the Centre and the States put together.
Incorrect
Solution: b)
The central government published its accounts for 2020-21. For the first time in 12 years, income tax collections were higher than the corporation tax collected by the government.
Centre’s overall revenue is around 60 to 65 percent of total revenue of the Centre and the States put together.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Green Status of Species.
- It was launched by United Nations Environment Programme(UNEP).
- It is a new Global Standard to measure how close a species is being fully ecologically functional across its range.
- It also measures how much the species has recovered due to conservation efforts.
Which of the above statements is/are correct?
Correct
Solution: b)
The IUCN Green Status of Species, a new Global Standard to measure how close a species is to being fully ecologically functional across its range, and how much it has recovered thanks to conservation action.
Incorrect
Solution: b)
The IUCN Green Status of Species, a new Global Standard to measure how close a species is to being fully ecologically functional across its range, and how much it has recovered thanks to conservation action.
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Board for Financial Supervision.
- The Reserve Bank of India performs the supervisory function under the guidance of the Board for Financial Supervision (BFS).
- The Board is chaired by the Deputy Governor of RBI.
- It undertakes supervision of Scheduled Commercial and Co-operative Banks, Small Finance Banks and Payments Banks.
Which of the above statements is/are correct?
Correct
Solution: d)
Indian Overseas Bank (IOB) has been taken out of Prompt Corrective Action (PCA) restriction. The performance of the Indian Overseas Bank was reviewed by the Board for Financial Supervision.
The Reserve Bank of India performs the supervisory function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India under the Reserve Bank of India (Board for Financial Supervision) Regulations, 1994.
The primary objective of BFS is to undertake consolidated supervision of the financial sector comprising Scheduled Commercial and Co-operative Banks, All India Financial Institutions, Local Area Banks, Small Finance Banks, Payments Banks, Credit Information Companies, Non-Banking Finance Companies and Primary Dealers.
The Board is constituted by co-opting four Directors from the Central Board as Members and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, traditionally, the Deputy Governor in charge of supervision, is nominated as the Vice-Chairman of the Board.
Incorrect
Solution: d)
Indian Overseas Bank (IOB) has been taken out of Prompt Corrective Action (PCA) restriction. The performance of the Indian Overseas Bank was reviewed by the Board for Financial Supervision.
The Reserve Bank of India performs the supervisory function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India under the Reserve Bank of India (Board for Financial Supervision) Regulations, 1994.
The primary objective of BFS is to undertake consolidated supervision of the financial sector comprising Scheduled Commercial and Co-operative Banks, All India Financial Institutions, Local Area Banks, Small Finance Banks, Payments Banks, Credit Information Companies, Non-Banking Finance Companies and Primary Dealers.
The Board is constituted by co-opting four Directors from the Central Board as Members and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, traditionally, the Deputy Governor in charge of supervision, is nominated as the Vice-Chairman of the Board.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Vampire bats.
- Vampire bats mainly inhabit the warmer regions of Indian Sub-continent.
- They are the only mammals which feed solely on blood.
Which of the above statements is/are correct?
Correct
Solution: b)
Vampire bats, which inhabit warmer regions of Latin America and boast wingspans of about 18 cm, are the only mammals with a blood-only diet. They reside in colonies of thousands.
Specializing in a diet of 100% blood is already quite rare among vertebrates.
Incorrect
Solution: b)
Vampire bats, which inhabit warmer regions of Latin America and boast wingspans of about 18 cm, are the only mammals with a blood-only diet. They reside in colonies of thousands.
Specializing in a diet of 100% blood is already quite rare among vertebrates.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Droughts.
- Drought is the consequence of a natural reduction in the amount of precipitation over an extended period of time, usually a season or more in length.
- Drought is often associated with high winds, high temperatures and high relative humidity.
- Agricultural Drought occurs when available soil moisture is inadequate for healthy crop growth and cause extreme stress and wilting.
Which of the above statements is/are correct?
Correct
Solution: b)
As defined by the IMD, drought is a consequence of the natural reduction in the amount of precipitation for a long period of time.
Drought is often associated with other climatic factors like high winds and temperatures and low relative humidity. These factors can aggravate the severity of the drought event.
What are the different types of drought?
- Meteorological Drought
- Hydrological Drought
- Agricultural Drought
- Socio-Economic Drought
Agricultural Drought occurs when available soil moisture is inadequate for healthy crop growth and cause extreme stress and wilting.
Incorrect
Solution: b)
As defined by the IMD, drought is a consequence of the natural reduction in the amount of precipitation for a long period of time.
Drought is often associated with other climatic factors like high winds and temperatures and low relative humidity. These factors can aggravate the severity of the drought event.
What are the different types of drought?
- Meteorological Drought
- Hydrological Drought
- Agricultural Drought
- Socio-Economic Drought
Agricultural Drought occurs when available soil moisture is inadequate for healthy crop growth and cause extreme stress and wilting.
