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 regarding War Crimes.
- Willful killing and extensive destruction and appropriation of property not justified by military necessity amount to war crimes.
- War Criminal is anyone who violates a set of rules adopted by world leaders known as the law of armed conflict.
- The International Criminal Court does not have the power to prosecute crimes against humanity committed against any civilian population.
Which of the above statements is/are correct?
Correct
Solution: b)
Who is a war criminal?
The term applies to anyone who violates a set of rules adopted by world leaders known as the law of armed conflict. The rules govern how countries behave in times of war.
The so-called “grave breaches” of the conventions that amount to war crimes include willful killing and extensive destruction and appropriation of property not justified by military necessity.
The International Criminal Court also prosecutes crimes against humanity committed in the context of “a widespread or systematic attack directed against any civilian population.” These include murder, extermination, forcible transfer, torture, rape and sexual slavery.
Incorrect
Solution: b)
Who is a war criminal?
The term applies to anyone who violates a set of rules adopted by world leaders known as the law of armed conflict. The rules govern how countries behave in times of war.
The so-called “grave breaches” of the conventions that amount to war crimes include willful killing and extensive destruction and appropriation of property not justified by military necessity.
The International Criminal Court also prosecutes crimes against humanity committed in the context of “a widespread or systematic attack directed against any civilian population.” These include murder, extermination, forcible transfer, torture, rape and sexual slavery.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Synthetic biology.
- Synthetic biology is a field of science that involves redesigning organisms for useful purposes by engineering them to have new abilities.
- In some ways, both Synthetic biology and Genome editing does the same task, but differ in the approach being used.
- Biotechnology Regulatory Authority of India is an independent regulator to adjudicate research around synthetic biology.
Which of the above statements is/are correct?
Correct
Solution: b)
Synthetic biology is a field of science that involves redesigning organisms for useful purposes by engineering them to have new abilities.
In some ways, synthetic biology is similar to another approach called “genome editing” because both involve changing an organism’s genetic code; however, some people draw a distinction between these two approaches based on how that change is made. In synthetic biology, scientists typically stitch together long stretches of DNA and insert them into an organism’s genome. These synthesized pieces of DNA could be genes that are found in other organisms or they could be entirely novel. In genome editing, scientists typically use tools to make smaller changes to the organism’s own DNA. Genome editing tools can also be used to delete or add small stretches of DNA in the genome.
As part of the 12th Five-Year Plan, India had set up a task force on systems biology and synthetic biology research in 2011.
Parliament is yet to clear the Biotechnology Regulatory Authority of India Bill, 2013, that had mooted the creation of an independent regulator to adjudicate research around genetic engineering that could have also encompassed synthetic biology. There’s also a ban on commercial genetically modified brinjal and many States have restrictions on field trials on GM food crops.
Incorrect
Solution: b)
Synthetic biology is a field of science that involves redesigning organisms for useful purposes by engineering them to have new abilities.
In some ways, synthetic biology is similar to another approach called “genome editing” because both involve changing an organism’s genetic code; however, some people draw a distinction between these two approaches based on how that change is made. In synthetic biology, scientists typically stitch together long stretches of DNA and insert them into an organism’s genome. These synthesized pieces of DNA could be genes that are found in other organisms or they could be entirely novel. In genome editing, scientists typically use tools to make smaller changes to the organism’s own DNA. Genome editing tools can also be used to delete or add small stretches of DNA in the genome.
As part of the 12th Five-Year Plan, India had set up a task force on systems biology and synthetic biology research in 2011.
Parliament is yet to clear the Biotechnology Regulatory Authority of India Bill, 2013, that had mooted the creation of an independent regulator to adjudicate research around genetic engineering that could have also encompassed synthetic biology. There’s also a ban on commercial genetically modified brinjal and many States have restrictions on field trials on GM food crops.
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Question 3 of 5
3. Question
1 pointsConsider the following statements.
- In India, the quantity of imported edible oils is more than the domestic production of
edible oils.
- Palm oil is the largest imported edible oil in India.
- Around 90 per cent of India’s total sunflower oil imports come from Ukraine and Russia.
Which of the above statements is/are correct?
Correct
Solution: d)
India is directly impacted by the crisis in Ukraine vis-a-vis its sunflower oil supplies as 90 per cent of its total sunflower oil imports come from Ukraine and Russia.
Palm oil forms more than 60% of total edible oil imports in India followed by soybean oil and sunflower oil.
Incorrect
Solution: d)
India is directly impacted by the crisis in Ukraine vis-a-vis its sunflower oil supplies as 90 per cent of its total sunflower oil imports come from Ukraine and Russia.
Palm oil forms more than 60% of total edible oil imports in India followed by soybean oil and sunflower oil.
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Question 4 of 5
4. Question
1 pointsConsider the following statements.
- The policy of Import substitution aims to change the economic structure of the country by replacing foreign goods with domestic goods.
- Import cover is the number of months of imports that could be paid for by a country’s Forex reserves.
- RBI has declared that minimum two years of import cover is essential for the stability of Rupee.
Which of the above statements is/are correct?
Correct
Solution: a)
Import substitution is a strategy under trade policy that abolishes the import of foreign products and encourages for the production in the domestic market. The purpose of this policy is to change the economic structure of the country by replacing foreign goods with domestic goods. Post-Independence India adopted the policy of import substitution by imposing heavy tariffs on import duty.
Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country. Eight to ten months of import cover is essential for the stability of a currency.
Incorrect
Solution: a)
Import substitution is a strategy under trade policy that abolishes the import of foreign products and encourages for the production in the domestic market. The purpose of this policy is to change the economic structure of the country by replacing foreign goods with domestic goods. Post-Independence India adopted the policy of import substitution by imposing heavy tariffs on import duty.
Import Cover measures the number of months of imports that can be covered with foreign exchange reserves available with the central bank of the country. Eight to ten months of import cover is essential for the stability of a currency.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding the SARFAESI Act.
- The Act empowers banks to directly auction commercial properties and not the residential properties, that have been pledged with them to recover loans from borrowers.
- The Act is applicable to only commercial banks, and not to the cooperative banks.
- The Act is not applicable to unsecured creditors.
Which of the above statements is/are correct?
Correct
Solution: c)
The SARFAESI Act was passed on December 17, 2002, in order to lay down processes to help Indian lenders recover their dues quickly. The SARFAESI Act essentially empowers banks and other financial institutions to directly auction residential or commercial properties that have been pledged with them to recover loans from borrowers.
One of the major drawbacks of the Act is that it is not applicable to unsecured creditors.
Co-operative banks initially were not covered under the definition of banks for which the SARFAESI Act was applicable. In 2003, a notification was issued (without amending the law) to bring co-operative banks within the class of banks entitled to use SARFAESI.
The Supreme Court held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) will be applicable to cooperative banks, and not just commercial banks.
Incorrect
Solution: c)
The SARFAESI Act was passed on December 17, 2002, in order to lay down processes to help Indian lenders recover their dues quickly. The SARFAESI Act essentially empowers banks and other financial institutions to directly auction residential or commercial properties that have been pledged with them to recover loans from borrowers.
One of the major drawbacks of the Act is that it is not applicable to unsecured creditors.
Co-operative banks initially were not covered under the definition of banks for which the SARFAESI Act was applicable. In 2003, a notification was issued (without amending the law) to bring co-operative banks within the class of banks entitled to use SARFAESI.
The Supreme Court held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) will be applicable to cooperative banks, and not just commercial banks.
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