INSIGHTS CURRENT Affairs RTM - 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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New Initiative: Revision Through MCQs (RTM) – Revision of Current Affairs Made Interesting
As revision is the key to success in this exam, we are starting a new initiative where you will revise current affairs effectively through MCQs (RTM) that are solely based on Insights Daily Current Affairs.
These questions will be different than our regular current affairs quiz. These questions are framed to TEST how well you have read and revised Insights Current Affairs on daily basis.
We will post nearly 10 MCQs every day which are based on previous day’s Insights current affairs. Tonight we will be posting RTM questions on the Insights current affairs of October 3, 2019.
The added advantage of this initiative is it will help you solve at least 20 MCQs daily (5 Static + 5 CA Quiz + 10 RTM) – thereby helping you improve your retention as well as elimination and guessing skills.
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Question 1 of 10
1. Question
1 pointsRecently, which one of the following has been inscribed on UNESCO’s ‘Intangible Cultural Heritage’ list?
Correct
Ans: (c)
Explanation:
- The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage has inscribed ‘Durga Puja in Kolkata’on the Representative List of the Intangible Cultural Heritage of Humanity.
- In total, 14 Intangible Cultural Heritage elements from Indiahave now been inscribed on UNESCO’s Representative List.
Incorrect
Ans: (c)
Explanation:
- The Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage has inscribed ‘Durga Puja in Kolkata’on the Representative List of the Intangible Cultural Heritage of Humanity.
- In total, 14 Intangible Cultural Heritage elements from Indiahave now been inscribed on UNESCO’s Representative List.
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Question 2 of 10
2. Question
1 pointsConsider the following statements about United Nations Educational, Scientific and Cultural Organization (UNESCO):
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- It is a specialised agency of the United Nations (UN).
- It helps establish and secure World Heritage Sites of cultural and natural importance.
- It is headquartered at the World Heritage Centre in Paris, France.
Which of the statements given above is/are correct?
Correct
Ans: (d)
Explanation:
- S1: it is a specialised agency of the United Nations (UN) aimed at promoting world peace and security through international cooperation in education, the arts, the sciences, and culture.
- S2: UNESCO established its Lists of Intangible Cultural Heritage with the aim of ensuring better protection of important intangible cultural heritages worldwide and the awareness of their significance.
- S3: Headquartered at the World Heritage Centre in Paris, France.
Incorrect
Ans: (d)
Explanation:
- S1: it is a specialised agency of the United Nations (UN) aimed at promoting world peace and security through international cooperation in education, the arts, the sciences, and culture.
- S2: UNESCO established its Lists of Intangible Cultural Heritage with the aim of ensuring better protection of important intangible cultural heritages worldwide and the awareness of their significance.
- S3: Headquartered at the World Heritage Centre in Paris, France.
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Question 3 of 10
3. Question
1 pointsConsider the following statements:
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- Salar Masud was the nephew of the 11th century Turkik invader, Mahmud of Ghazni.
- The most comprehensive source of information about Salar Masud is the Mirat-e-Masaud.
- Mirat-i-Masudi (“Mirror of Masud”) is a Persian-language hagiography written by Malik Muhammad Jayasi.
Which of the statements given above is/are correct?
Correct
Ans: (a)
Explanation:
- Salar Masud was also known as Ghazi Mian. He acquired popularity as a warrior in the 12th century.
- He was the nephew of the 11th century Turkik invader, Mahmud of Ghazni.
- His tomb at Bahraich in Uttar Pradesh stands as a place of pilgrimage for a large number of Muslims as well as Hindus.
- He accompanied Mahmud in all his campaigns, including the celebrated expedition to Somnath in Kathiawar. It was Masud who supposedly persuaded his uncle to demolish the famous idol of Somnath – a deed repeatedly glorified as a great feat in Persian poetry.
- The most comprehensive source of information about Ghazi Mian is the Mirat-e-Masaud (Mirror of Masaud), a 17th century Persian hagiography written by Abdur Rahman Chisti, a Sufi saint of the Chisti order.
- Mughal emperor Akbar is known to have made a land grant in 1571 CE for the sake of maintaining Ghazi Miyan’s shrine.
Refer: https://www.insightsonindia.com/2021/12/16/salar-masud-raja-suhaldev-battle/
Incorrect
Ans: (a)
Explanation:
- Salar Masud was also known as Ghazi Mian. He acquired popularity as a warrior in the 12th century.
- He was the nephew of the 11th century Turkik invader, Mahmud of Ghazni.
- His tomb at Bahraich in Uttar Pradesh stands as a place of pilgrimage for a large number of Muslims as well as Hindus.
- He accompanied Mahmud in all his campaigns, including the celebrated expedition to Somnath in Kathiawar. It was Masud who supposedly persuaded his uncle to demolish the famous idol of Somnath – a deed repeatedly glorified as a great feat in Persian poetry.
- The most comprehensive source of information about Ghazi Mian is the Mirat-e-Masaud (Mirror of Masaud), a 17th century Persian hagiography written by Abdur Rahman Chisti, a Sufi saint of the Chisti order.
- Mughal emperor Akbar is known to have made a land grant in 1571 CE for the sake of maintaining Ghazi Miyan’s shrine.
Refer: https://www.insightsonindia.com/2021/12/16/salar-masud-raja-suhaldev-battle/
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Question 4 of 10
4. Question
1 pointsConsider the following statements with reference to Special Category Status to States in India:
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- It was granted in the past by the National Development Council to the States that are characterized by a number of features necessitating special consideration.
- Now, it is granted by the NITI Aayog.
Which of the statements given above is/are correct?
Correct
Ans: (a)
Explanation:
- Special Category Status for plan assistance was granted in the past by the National Development Council to the States that are characterized by a number of features necessitating special consideration.
- Now, it is done by the central government.
Refer: https://www.insightsonindia.com/2021/12/16/special-status-for-bihar/
Incorrect
Ans: (a)
Explanation:
- Special Category Status for plan assistance was granted in the past by the National Development Council to the States that are characterized by a number of features necessitating special consideration.
- Now, it is done by the central government.
Refer: https://www.insightsonindia.com/2021/12/16/special-status-for-bihar/
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Question 5 of 10
5. Question
1 pointsConsider the following statements:
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- Payment Banks can only accept demand deposits and hold up to Rs. 5 lakh per individual, whereas Small Finance Banks can accept all types of deposits.
- Payments banks can provide ATM and debit cards, whereas Small Finance Banks can’t issue debit cards.
Which of the statements given above is/are correct?
Correct
Ans: (d)
Explanation:
- S2: Small finance banks cannot issue credit cards but they are allowed to issue debit cards.
- Payments banks can provide ATM and debit cards, as well as online and mobile banking.
- S1: Payment Banks can only accept demand deposits and hold up to Rs.2 lakh per individual, whereas Small Finance Banks can accept all types of deposits, including FDs, RDs, Savings, and Current Accounts.
Incorrect
Ans: (d)
Explanation:
- S2: Small finance banks cannot issue credit cards but they are allowed to issue debit cards.
- Payments banks can provide ATM and debit cards, as well as online and mobile banking.
- S1: Payment Banks can only accept demand deposits and hold up to Rs.2 lakh per individual, whereas Small Finance Banks can accept all types of deposits, including FDs, RDs, Savings, and Current Accounts.
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Question 6 of 10
6. Question
1 pointsConsider the following statements about Prompt Corrective Action (PCA) framework.
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- Reserve Bank of India (RBI) issues a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks.
- It is intended to encourage banks to eschew certain riskier activities and focus on conserving capital.
- The framework is intended to constrain the performance of normal operations of the banks for the general public.
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks in breach of risk thresholds for identified areas of monitoring, ,capital, asset quality (which is tracked in terms of the net Non-Performing Assets ratio) and profitability, to take corrective measures in a timely manner, in order to restore their financial health. Thus, it is intended to encourage banks to eschew certain riskier activities, improve operational efficiency and focus on conserving capital to strengthen them. The framework is not intended to constrain the performance of normal operations of the banks for the general public.
Incorrect
Ans: (c)
Explanation:
- Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks in breach of risk thresholds for identified areas of monitoring, ,capital, asset quality (which is tracked in terms of the net Non-Performing Assets ratio) and profitability, to take corrective measures in a timely manner, in order to restore their financial health. Thus, it is intended to encourage banks to eschew certain riskier activities, improve operational efficiency and focus on conserving capital to strengthen them. The framework is not intended to constrain the performance of normal operations of the banks for the general public.
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Question 7 of 10
7. Question
1 pointsCurrently, RBI’s Prompt Corrective Action (PCA) Framework is applicable to
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- Public Sector Banks
- Private Sector Banks
- Co-operative Banks
- Non-banking financial companies (NBFCs)
Select the correct answer code:
Correct
Ans: (b)
Explanation:
- Currently, the PCA framework was applicable only to commercial banks and not extended to cooperative banks and non-banking financial companies (NBFCs).
- The Reserve Bank of India (RBI) has introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs).
- The PCA framework for NBFCs will come into effect on October 1, 2022 on the basis of their financial position on or after March 31.
Incorrect
Ans: (b)
Explanation:
- Currently, the PCA framework was applicable only to commercial banks and not extended to cooperative banks and non-banking financial companies (NBFCs).
- The Reserve Bank of India (RBI) has introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs).
- The PCA framework for NBFCs will come into effect on October 1, 2022 on the basis of their financial position on or after March 31.
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Question 8 of 10
8. Question
1 pointsThe Parker Solar Probe mission is developed by the
Correct
Ans: (b)
Explanation:
- The Parker Solar Probe is a NASA space probe launched in 2018 with the mission of making observations of the outer corona of the Sun.
- It has become the first spacecraft to fly through the outer atmosphere of the Sun- ‘Corona’.
- The spacecraft flew through Corona and sampled magnetic fields and particles there.
Refer: https://www.insightsonindia.com/2021/12/16/parker-solar-probe-6/
Incorrect
Ans: (b)
Explanation:
- The Parker Solar Probe is a NASA space probe launched in 2018 with the mission of making observations of the outer corona of the Sun.
- It has become the first spacecraft to fly through the outer atmosphere of the Sun- ‘Corona’.
- The spacecraft flew through Corona and sampled magnetic fields and particles there.
Refer: https://www.insightsonindia.com/2021/12/16/parker-solar-probe-6/
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Question 9 of 10
9. Question
1 pointsConsider the following statements about United Nations Framework Convention on Climate Change (UNFCC):
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- It was adopted in 1992 at the Rio Earth Summit.
- The Kyoto Protocol was the first implementation of measures under the UNFCCC.
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- The UNFCCC was adopted in 1992 at the Rio Earth Summit,which marked the beginning of the international community’s first concerted effort to confront the problem of climate change.
- Known also as the Rio Convention, the UNFCCC established a framework for action to stabilise concentrations of greenhouse gases in the earth’s atmosphere.
- The UNFCCC entered into force in 1994.
- The Kyoto Protocol, which was signed in 1997 and ran from 2005 to 2020, was the first implementation of measures under the UNFCCC. The Kyoto Protocol was superseded by the Paris Agreement, which entered into force in 2016.
Incorrect
Ans: (c)
Explanation:
- The UNFCCC was adopted in 1992 at the Rio Earth Summit,which marked the beginning of the international community’s first concerted effort to confront the problem of climate change.
- Known also as the Rio Convention, the UNFCCC established a framework for action to stabilise concentrations of greenhouse gases in the earth’s atmosphere.
- The UNFCCC entered into force in 1994.
- The Kyoto Protocol, which was signed in 1997 and ran from 2005 to 2020, was the first implementation of measures under the UNFCCC. The Kyoto Protocol was superseded by the Paris Agreement, which entered into force in 2016.
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Question 10 of 10
10. Question
1 pointsShe was a Hindu zamindar, also known as the ‘Queen of Natore’ during the British colonial era; she built more than 350 temples and guesthouses across different parts of the country, and invested heavily in roadways and water tanks. She was
Correct
Ans: (b)
Explanation:
- In his speech, Modi highlighted the role of Rani Bhabani from Bengalin the development of the city.v
- Bhabani was married to Raja Ramkanta Ray,the zamindar of the Natore estate in Rajshahi (present day Bangladesh). After the death of her husband in 1748, the zamindari passed on to the hands of Bhabani, making her one among the very few women zamindars of the time.
- Contributions:
- Bhabani is remembered most for her philanthropic efforts.
- Built several schools across Rajshahi district and offered a number of scholarships.
- Built more than 350 temples and guesthouses across different parts of the country, and invested heavily in roadways and water tanks.
- Built the Durga Kund Mandir in Varanasi.
- In 1755 she built a complex consisting of a dozen temples in Baronagar in Murshidabad.
Refer: facts for prelims: https://www.insightsonindia.com/2021/12/16/mission-2022-insights-daily-current-affairs-pib-summary-16-december-2021/
Incorrect
Ans: (b)
Explanation:
- In his speech, Modi highlighted the role of Rani Bhabani from Bengalin the development of the city.v
- Bhabani was married to Raja Ramkanta Ray,the zamindar of the Natore estate in Rajshahi (present day Bangladesh). After the death of her husband in 1748, the zamindari passed on to the hands of Bhabani, making her one among the very few women zamindars of the time.
- Contributions:
- Bhabani is remembered most for her philanthropic efforts.
- Built several schools across Rajshahi district and offered a number of scholarships.
- Built more than 350 temples and guesthouses across different parts of the country, and invested heavily in roadways and water tanks.
- Built the Durga Kund Mandir in Varanasi.
- In 1755 she built a complex consisting of a dozen temples in Baronagar in Murshidabad.
Refer: facts for prelims: https://www.insightsonindia.com/2021/12/16/mission-2022-insights-daily-current-affairs-pib-summary-16-december-2021/
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