Editorials Quiz 2021-22
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Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
1. Question
Consider the following statements regarding zero-coupon bond.
- Zero Coupon Bonds are issued at a discount and redeemed at par.
- No interest payment is made on such bonds at periodic intervals.
- These are special types of bonds issued only by the Central government specifically to a particular institution.
Which of the above statements is/are correct?
Correct
Solution: a)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
Incorrect
Solution: a)
A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at maturity, when the bond is redeemed for its full-face value.
It does not make periodic interest payments or have so-called coupons, hence the term zero coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
Zero coupon bonds by private companies are normally issued at discount.
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Question 2 of 5
2. Question
Consider the following statements regarding ‘Zombie fires’ sometimes seen in news.
- A zombie fire is a fire that continues to burn underground and then reignites on the surface after a period of time.
- It burrow deep in organic soils such as peat lands.
- Due to its very low temperature, Arctic region is the only place on earth without the presence of Zombie fires.
Which of the above statements is/are correct?
Correct
Solution: b)
Dormant “zombie fires” are scattered across the Arctic region. A zombie fire is a fire that continues to burn underground and then reignites on the surface after a period of time. Embers deep in organic soils such as peat lands can spark into flames weeks, months and even years later.
Incorrect
Solution: b)
Dormant “zombie fires” are scattered across the Arctic region. A zombie fire is a fire that continues to burn underground and then reignites on the surface after a period of time. Embers deep in organic soils such as peat lands can spark into flames weeks, months and even years later.
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Question 3 of 5
3. Question
The Kothari commission was setup by the Government of India to
Correct
Solution: c)
National Education Commission (1964-1966), popularly known as Kothari Commission, was an ad hoc commission set up by the Government of India to examine all aspects of the educational sector in India, to evolve a general pattern of education and to advise guidelines and policies for the development of education in India.
Kothari commission report said, there is a need and demand of spending at least 6 per cent of GDP on education.
Incorrect
Solution: c)
National Education Commission (1964-1966), popularly known as Kothari Commission, was an ad hoc commission set up by the Government of India to examine all aspects of the educational sector in India, to evolve a general pattern of education and to advise guidelines and policies for the development of education in India.
Kothari commission report said, there is a need and demand of spending at least 6 per cent of GDP on education.
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Question 4 of 5
4. Question
Consider the following statements.
- Venus appears bright because of its thick cloud cover that reflects and scatters light.
- Venus is called the Earth’s twin because of their similar sizes.
- Venus does have a moon and also rings around it.
Which of the above statements is/are correct?
Correct
Solution: c)
For those on Earth, Venus is the second-brightest object in the sky after the moon. It appears bright because of its thick cloud cover that reflects and scatters light. But while Venus, which is the second closest planet to the Sun, is called the Earth’s twin because of their similar sizes, the two planets have significant differences between them.
For one, the planet’s thick atmosphere traps heat and is the reason that it is the hottest planet in the solar system, despite coming after Mercury, the closest planet to the Sun. Surface temperatures on Venus can go up to 471 degrees Celsius, which is hot enough to melt lead, NASA notes.
Further, Venus moves forward on its orbit around the Sun but spins backwards around its axis slowly. This means on Venus the Sun rises in the west and sets in the East. One day on Venus is equivalent to 243 Earth days because of its backward spinning, opposite to that of the Earth’s and most other planets. Venus also does not have a moon and no rings.
Incorrect
Solution: c)
For those on Earth, Venus is the second-brightest object in the sky after the moon. It appears bright because of its thick cloud cover that reflects and scatters light. But while Venus, which is the second closest planet to the Sun, is called the Earth’s twin because of their similar sizes, the two planets have significant differences between them.
For one, the planet’s thick atmosphere traps heat and is the reason that it is the hottest planet in the solar system, despite coming after Mercury, the closest planet to the Sun. Surface temperatures on Venus can go up to 471 degrees Celsius, which is hot enough to melt lead, NASA notes.
Further, Venus moves forward on its orbit around the Sun but spins backwards around its axis slowly. This means on Venus the Sun rises in the west and sets in the East. One day on Venus is equivalent to 243 Earth days because of its backward spinning, opposite to that of the Earth’s and most other planets. Venus also does not have a moon and no rings.
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Question 5 of 5
5. Question
Consider the following statements regarding Financial Action Task Force (FATF).
- The Financial Action Task Force (FATF) is an inter-governmental body established on the initiative of G20.
- It is a policy-making body which works to generate the necessary political will to bring about regulatory reforms in areas of money laundering and terrorist financing.
- The FATF Secretariat is housed at the OECD headquarters.
Which of the above statements is/are correct?
Correct
Solution: c)
About FATF:
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.
- It is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in various areas.
- The FATF Secretariat is housed at the OECD headquarters in Paris.
Roles and functions:
- Initially it was established to examine and develop measures to combat money laundering.
- In October 2001, the FATF expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering.
- In April 2012, it added efforts to counter the financing of proliferation of weapons of mass destruction.
Incorrect
Solution: c)
About FATF:
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.
- It is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in various areas.
- The FATF Secretariat is housed at the OECD headquarters in Paris.
Roles and functions:
- Initially it was established to examine and develop measures to combat money laundering.
- In October 2001, the FATF expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering.
- In April 2012, it added efforts to counter the financing of proliferation of weapons of mass destruction.
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