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 pointsRed Herring Prospectus, sometimes seen in news is related to
Correct
Solution: d)
A Red Herring Prospectus, or offer document, is filed by a company to SEBI (Securities and Exchange Board of India) when it intends to raise money from the public by selling shares of the company to investors. The document is very useful to investors because it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds by filing an IPOs. It also elaborates on how the company intends to use the money that will be raised, the possible risks for investors.
Incorrect
Solution: d)
A Red Herring Prospectus, or offer document, is filed by a company to SEBI (Securities and Exchange Board of India) when it intends to raise money from the public by selling shares of the company to investors. The document is very useful to investors because it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds by filing an IPOs. It also elaborates on how the company intends to use the money that will be raised, the possible risks for investors.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Currency Swap Agreement.
- A currency swap is a transaction in which two parties exchange an equivalent amount of money with each other but in different currencies.
- Currency swap agreement will help a country tide over its foreign exchange crisis.
- Currency swap agreements between countries help in reducing its reliance on the International Monetary Fund.
Which of the above statements is/are correct?
Correct
Solution: d)
A currency swap is a transaction in which two parties exchange an equivalent amount of money with each other but in different currencies. The parties are essentially loaning each other money and will repay the amounts at a specified date and exchange rate. The purpose could be to hedge exposure to exchange-rate risk, to speculate on the direction of a currency, or to reduce the cost of borrowing in a foreign currency.
China signed a currency swap agreement with Sri Lanka as the South Asian nation looks to reduce reliance on the International Monetary Fund.
Incorrect
Solution: d)
A currency swap is a transaction in which two parties exchange an equivalent amount of money with each other but in different currencies. The parties are essentially loaning each other money and will repay the amounts at a specified date and exchange rate. The purpose could be to hedge exposure to exchange-rate risk, to speculate on the direction of a currency, or to reduce the cost of borrowing in a foreign currency.
China signed a currency swap agreement with Sri Lanka as the South Asian nation looks to reduce reliance on the International Monetary Fund.
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Question 3 of 5
3. Question
1 pointsThe National Investigation Agency Act, 2019 has empowered the National Investigation Agency to investigate which of the following cases?
- Terror cases involving Indians and Indian interests abroad
- Cases of cybercrime
- Cases of human trafficking
Select the correct answer code:
Correct
Solution: d)
Through amendments in the National Investigation Agency Act in 2019, the agency has been empowered to investigate terror cases involving Indians and Indian interests abroad, apart from cases of cybercrime and human trafficking.
Incorrect
Solution: d)
Through amendments in the National Investigation Agency Act in 2019, the agency has been empowered to investigate terror cases involving Indians and Indian interests abroad, apart from cases of cybercrime and human trafficking.
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Question 4 of 5
4. Question
1 pointsThe term demographic trap is used by demographers to describe the combination of
- Increasing Mortality
- Declining mortality
- High Fertility rate
- Sub-replacement level fertility rates
Select the correct answer code:
Correct
Solution: c)
The term demographic trap is used by demographers “to describe the combination of high fertility (birth rates) and declining mortality (death rates) in developing countries, resulting in a period of high population growth rate (PGR).”
Sub-replacement fertility in demography refers to any fertility rate below the replacement rate that would cause the population of a certain group of people to decrease over time.
Incorrect
Solution: c)
The term demographic trap is used by demographers “to describe the combination of high fertility (birth rates) and declining mortality (death rates) in developing countries, resulting in a period of high population growth rate (PGR).”
Sub-replacement fertility in demography refers to any fertility rate below the replacement rate that would cause the population of a certain group of people to decrease over time.
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Question 5 of 5
5. Question
1 pointsIn the context of cybersecurity, the best description of ‘Trojan Horse’ is
Correct
Solution: b)
Trojan, is a type of malicious code or software that looks legitimate but can take control of your computer. A Trojan is designed to damage, disrupt, steal, or in general inflict some other harmful action on your data or network.
Incorrect
Solution: b)
Trojan, is a type of malicious code or software that looks legitimate but can take control of your computer. A Trojan is designed to damage, disrupt, steal, or in general inflict some other harmful action on your data or network.
