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 2022. 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.
- Retail Direct Scheme was launched by RBI to facilitate investment in government securities by retail investors.
- Under the Retail Direct Scheme, the retail investors can place a bid only in primary issuance of all central and state government securities, but has no access to the secondary market.
- NRIs are not eligible to invest in the Government Securities.
Which of the above statement sis/are correct?
Correct
Solution: a)
RBI Retail Direct Scheme was launched on 12 November 2021 as a one-stop access to facilitate investment in government securities by retail investors.
Under the scheme, retail investors can open a Retail Direct Gilt (RDG) account using an online portal through which they can directly invest a minimum of ₹10,000 and maximum of ₹2 crore per security.
The retail investors can not only place a non-competitive bid in primary issuance of all central and state government securities such as Treasury Bills and bonds but also access the secondary market through Negotiated Dealing System-Order Matching (NDS OM), RBI’s trading system, which was previously accessible only to select financial institutions.
Under the retail direct scheme, an NRI can open his account sitting overseas and buy government securities.
Incorrect
Solution: a)
RBI Retail Direct Scheme was launched on 12 November 2021 as a one-stop access to facilitate investment in government securities by retail investors.
Under the scheme, retail investors can open a Retail Direct Gilt (RDG) account using an online portal through which they can directly invest a minimum of ₹10,000 and maximum of ₹2 crore per security.
The retail investors can not only place a non-competitive bid in primary issuance of all central and state government securities such as Treasury Bills and bonds but also access the secondary market through Negotiated Dealing System-Order Matching (NDS OM), RBI’s trading system, which was previously accessible only to select financial institutions.
Under the retail direct scheme, an NRI can open his account sitting overseas and buy government securities.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Incremental capital output ratio (ICOR).
- The incremental capital output ratio (ICOR) explains the relationship between the level of investment made in the economy and the consequent increase in GDP.
- Higher capital output ratio shows that capital is very productive or efficient.
Which of the above statements is/are correct?
Correct
Solution: a)
The incremental capital output ratio (ICOR) is a frequently used tool that explains the relationship between the level of investment made in the economy and the consequent increase in GDP. ICOR indicates the additional unit of capital or investment needed to produce an additional unit of output.
A lower capital output ratio shows that only low level of investment is needed to produce a given growth rate in the economy. Lower capital output ratio shows that capital is very productive or efficient.
Incorrect
Solution: a)
The incremental capital output ratio (ICOR) is a frequently used tool that explains the relationship between the level of investment made in the economy and the consequent increase in GDP. ICOR indicates the additional unit of capital or investment needed to produce an additional unit of output.
A lower capital output ratio shows that only low level of investment is needed to produce a given growth rate in the economy. Lower capital output ratio shows that capital is very productive or efficient.
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Question 3 of 5
3. Question
1 pointsWhich of the following measures is/are likely to result in the current account surplus in the Balance of Payments (BoP)?
- Increase in the remittances received from abroad.
- Fall in global crude oil prices
- External commercial borrowing
Select the correct answer code:
Correct
Solution: b)
External commercial borrowing forms the component of capital account. Other measures would result in current account surplus.
Incorrect
Solution: b)
External commercial borrowing forms the component of capital account. Other measures would result in current account surplus.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Vaccination.
- Vaccination is a simple, safe, and effective way of protecting people against harmful diseases, after they come into contact with them.
- Vaccines train the body’s immune system to create antibodies, just as it does when it’s exposed to a disease.
- Vaccines are given orally, or by an injection or sprayed into the nose.
Which of the above statements is/are correct?
Correct
Solution: c)
Vaccination is a simple, safe, and effective way of protecting people against harmful diseases, before they come into contact with them.
It uses your body’s natural defenses to build resistance to specific infections and makes your immune system stronger.
Vaccines train your immune system to create antibodies, just as it does when it’s exposed to a disease.
However, because vaccines contain only killed or weakened forms of germs like viruses or bacteria, they do not cause the disease or put you at risk of its complications.
Most vaccines are given by an injection, but some are given orally (by mouth) or sprayed into the nose.
Incorrect
Solution: c)
Vaccination is a simple, safe, and effective way of protecting people against harmful diseases, before they come into contact with them.
It uses your body’s natural defenses to build resistance to specific infections and makes your immune system stronger.
Vaccines train your immune system to create antibodies, just as it does when it’s exposed to a disease.
However, because vaccines contain only killed or weakened forms of germs like viruses or bacteria, they do not cause the disease or put you at risk of its complications.
Most vaccines are given by an injection, but some are given orally (by mouth) or sprayed into the nose.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Mucormycosis.
- Mucormycosis is a fungal infection caused by a group of molds called mucormycetes.
- It affects the sinuses, the brain and the lungs and can be life-threatening in diabetic and cancer patients.
- Soil, plants, manure, and decaying fruits and vegetables are the common sources of infection.
Which of the above statements is/are correct?
Correct
Solution: d)
Mucormycosis is a serious but rare fungal infection caused by a group of molds called mucormycetes. These molds live throughout the environment. It is caused by exposure to mucor mould which is commonly found in soil, plants, manure, and decaying fruits and vegetables.
It affects the sinuses, the brain and the lungs and can be life-threatening in diabetic or severely immunocompromised individuals, such as cancer patients or people with HIV/AIDS.
Incorrect
Solution: d)
Mucormycosis is a serious but rare fungal infection caused by a group of molds called mucormycetes. These molds live throughout the environment. It is caused by exposure to mucor mould which is commonly found in soil, plants, manure, and decaying fruits and vegetables.
It affects the sinuses, the brain and the lungs and can be life-threatening in diabetic or severely immunocompromised individuals, such as cancer patients or people with HIV/AIDS.
