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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 pointsConsider the following statements:
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- The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Government.
- The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Government.
- As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the letter.
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- S1: FRBM review panel had recommended the criterion of debt as a parameter for fiscal responsibility the central share being 40% and state 20%. Also, in terms of domestic liabilities the figures are actually reverse i:e central government 49% and state 21%.
- S3: Art. 293. (3.) A State may not without the consent of the Government of India raise any loan if there is still outstanding any part of a loan which has been made to the State by the Government of India or by its predecessor Government, or in respect of which a guarantee has been given by the Government of India or by its predecessor Government
Refer: https://www.insightsonindia.com/2022/12/05/cag-data-on-pension-bills-for-centre-and-states/
Incorrect
Ans: (c)
Explanation:
- S1: FRBM review panel had recommended the criterion of debt as a parameter for fiscal responsibility the central share being 40% and state 20%. Also, in terms of domestic liabilities the figures are actually reverse i:e central government 49% and state 21%.
- S3: Art. 293. (3.) A State may not without the consent of the Government of India raise any loan if there is still outstanding any part of a loan which has been made to the State by the Government of India or by its predecessor Government, or in respect of which a guarantee has been given by the Government of India or by its predecessor Government
Refer: https://www.insightsonindia.com/2022/12/05/cag-data-on-pension-bills-for-centre-and-states/
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Question 2 of 10
2. Question
1 pointsConsider the following statements regarding the Comptroller and Auditor General of India:
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- It was established under Article 148 of the Constitution of India.
- The CAG is ranked 9th and enjoys the same status as a sitting judge of the Supreme Court of India in order of precedence.
- The CAG is empowered to audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government.
Which of the statements given above is/are correct?
Correct
Ans: (d)
Explanation:
- The Comptroller and Auditor General of India is the supreme audit institution of India, established under Article 148 of the Constitution of India. They are empowered to audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government.
- The CAG is ranked 9th and enjoys the same status as a sitting judge of Supreme Court of India in order of precedence.
Refer: https://www.insightsonindia.com/2022/12/05/cag-data-on-pension-bills-for-centre-and-states/
Incorrect
Ans: (d)
Explanation:
- The Comptroller and Auditor General of India is the supreme audit institution of India, established under Article 148 of the Constitution of India. They are empowered to audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government.
- The CAG is ranked 9th and enjoys the same status as a sitting judge of Supreme Court of India in order of precedence.
Refer: https://www.insightsonindia.com/2022/12/05/cag-data-on-pension-bills-for-centre-and-states/
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Question 3 of 10
3. Question
1 pointsConsider the following statements:
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- Bharat Interface for Money (BHIM) is a payments application and wallet, which allows users to make instant bank transfers.
- National Payments Corporation of India (NPCI) charges user for transacting on BHIM.
- BHIM features can be availed without the internet on any mobile phone.
Which of the given above statements is/are not correct?
Correct
Ans: (a)
Explanation:
- here the directive word is not correct!!
- S1: BHIM is not a wallet. It is a payments application which allows users to make instant bank transfers.
- S2: NPCI does not charge any user for transacting on BHIM. Kindly get in touch with your bank to ask for their charges
- S3: Dial *99# to avail features of BHIM without internet on any mobile phone.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
Incorrect
Ans: (a)
Explanation:
- here the directive word is not correct!!
- S1: BHIM is not a wallet. It is a payments application which allows users to make instant bank transfers.
- S2: NPCI does not charge any user for transacting on BHIM. Kindly get in touch with your bank to ask for their charges
- S3: Dial *99# to avail features of BHIM without internet on any mobile phone.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
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Question 4 of 10
4. Question
1 pointsConsider the following statements about National Payments Corporation of India (NPCI):
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- It is an initiative of the Reserve Bank of India (RBI) and Indian Banks Association (IBA) under the provisions of the Banking Regulation Act, 1949.
- It has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- S1: National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.
- S2: National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
Incorrect
Ans: (b)
Explanation:
- S1: National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.
- S2: National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
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Question 5 of 10
5. Question
1 pointsConsider the following statements about Unified Payments Interface (UPI):
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- It is an instant real-time payment system jointly developed by National Informatics Centre (NIC) and Centre for Development of Advanced Computing (C-DAC).
- It caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Which of the given above statements is/are correct?
Correct
Ans: (b)
Explanation:
- Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
- It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
Incorrect
Ans: (b)
Explanation:
- Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
- It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Refer: https://www.insightsonindia.com/2022/12/05/the-unified-payments-interface-upi/
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Question 6 of 10
6. Question
1 pointsThe Intergovernmental Negotiating Committee (INC-1) was convened and managed by the
Correct
Ans: (a)
Explanation:
- The INC-1 was convened and managed by the United Nations Environment Programme (UNEP).
- The INC-1 came after a landmark resolution was endorsed at the United Nations Environment Assembly (UNEA), calling for the international legally binding instrument to promote sustainable production and consumption of plastics.
- According to the OECD, global plastic production was 460 million tonnes (Mt) in 2019 (234 Mt in 2000) and during the same period, plastic waste doubled to 353 Mt from 156 Mt.
Incorrect
Ans: (a)
Explanation:
- The INC-1 was convened and managed by the United Nations Environment Programme (UNEP).
- The INC-1 came after a landmark resolution was endorsed at the United Nations Environment Assembly (UNEA), calling for the international legally binding instrument to promote sustainable production and consumption of plastics.
- According to the OECD, global plastic production was 460 million tonnes (Mt) in 2019 (234 Mt in 2000) and during the same period, plastic waste doubled to 353 Mt from 156 Mt.
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Question 7 of 10
7. Question
1 pointsBureau of Indian Standards (BIS) is the National Standards body supported by:
Correct
Ans: (a)
Explanation:
- Bureau of Indian Standards (BIS): BIS is the National Standard Body of India under the Ministry of Consumer Affairs, Food & Public Distribution. It was established under the BIS Act 2016.
- Minister for Consumer Affairs, Food & Public Distribution is the ex-officio President.
- The main activities are standardization, marking and quality certification of goods.
- BIS is responsible for developing Indian Standards, implementing voluntary and mandatory standards, such as Quality Control Orders, and providing quality assurance to consumers.
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
Incorrect
Ans: (a)
Explanation:
- Bureau of Indian Standards (BIS): BIS is the National Standard Body of India under the Ministry of Consumer Affairs, Food & Public Distribution. It was established under the BIS Act 2016.
- Minister for Consumer Affairs, Food & Public Distribution is the ex-officio President.
- The main activities are standardization, marking and quality certification of goods.
- BIS is responsible for developing Indian Standards, implementing voluntary and mandatory standards, such as Quality Control Orders, and providing quality assurance to consumers.
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
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Question 8 of 10
8. Question
1 pointsSocial Hostilities Index (SHI) is published by
Correct
Ans: (d)
Explanation:
- India tops the index on social hostilities relating to religion.
- The report was released by the Washington-based think tank Pew Research Centre
- The SHI measures acts of religious hostility by private individuals, organizations or groups. The index comprises 13 metrics, including religion-related armed conflict or terrorism and mob or sectarian violence.
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
Incorrect
Ans: (d)
Explanation:
- India tops the index on social hostilities relating to religion.
- The report was released by the Washington-based think tank Pew Research Centre
- The SHI measures acts of religious hostility by private individuals, organizations or groups. The index comprises 13 metrics, including religion-related armed conflict or terrorism and mob or sectarian violence.
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
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Question 9 of 10
9. Question
1 pointsConsider the following statements:
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- EQUULEUS Spacecraft is a water-powered CubeSat spacecraft.
- It was developed by Japan Aerospace Exploration Agency (JAXA).
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- ‘World’s first steam-propelled spacecraft heads to the moon and beyond.
- EQUULEUS Spacecraft is a water-powered CubeSat spacecraft.
- It was developed by Japan Aerospace Exploration Agency (JAXA)
- Launched from NASA’s Orion spacecraft
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
Incorrect
Ans: (c)
Explanation:
- ‘World’s first steam-propelled spacecraft heads to the moon and beyond.
- EQUULEUS Spacecraft is a water-powered CubeSat spacecraft.
- It was developed by Japan Aerospace Exploration Agency (JAXA)
- Launched from NASA’s Orion spacecraft
Refer: Facts for Prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
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Question 10 of 10
10. Question
1 pointsConsider the following statements:
-
- The Asiatic cheetah is classified as a “critically endangered” species by the IUCN Red List.
- African Cheetahs are bigger in size as compared to Asiatic Cheetahs.
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- African Cheetah
- IUCN status: They are vulnerable under the IUCN Red List.
- Distribution: Around 6,500-7,000 African cheetahs present in the wild.
- Characteristics: They are bigger in size as compared to Asiatic Cheetah.
- Asiatic Cheetah:
- IUCN status: The Asiatic cheetah is classified as a “critically endangered” species by the IUCN Red List.
- Status in India: The Asiatic Cheetah was declared extinct in India in 1952.
- Distribution: They are only 40-50 and found only in Iran.
- Characteristics: Smaller and paler than the African cheetah.
Refer: Facts for prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
Incorrect
Ans: (c)
Explanation:
- African Cheetah
- IUCN status: They are vulnerable under the IUCN Red List.
- Distribution: Around 6,500-7,000 African cheetahs present in the wild.
- Characteristics: They are bigger in size as compared to Asiatic Cheetah.
- Asiatic Cheetah:
- IUCN status: The Asiatic cheetah is classified as a “critically endangered” species by the IUCN Red List.
- Status in India: The Asiatic Cheetah was declared extinct in India in 1952.
- Distribution: They are only 40-50 and found only in Iran.
- Characteristics: Smaller and paler than the African cheetah.
Refer: Facts for prelims: https://www.insightsonindia.com/2022/12/05/mission-2023-insights-daily-current-affairs-pib-summary-5-december-2022/
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