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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 pointsGlobal Forest Watch is an initiative of the
Correct
Ans: (d)
Explanation:
- Context: A study quoted by the World Resources Institute’s Global Forest Watch reveals that tropical areas experienced a significant decline in forest cover in 2022.
- Global Forest Watch (launched 2014) is an open-source web application to monitor global forests in near real-time. GFW is an initiative of the World Resources Institute, with partners including Google, USAID, the University of Maryland, Esri, Vizzuality and many other academic, non-profit, public, and private organizations.
Refer: https://www.insightsonindia.com/2023/06/29/global-forest-watch/
Incorrect
Ans: (d)
Explanation:
- Context: A study quoted by the World Resources Institute’s Global Forest Watch reveals that tropical areas experienced a significant decline in forest cover in 2022.
- Global Forest Watch (launched 2014) is an open-source web application to monitor global forests in near real-time. GFW is an initiative of the World Resources Institute, with partners including Google, USAID, the University of Maryland, Esri, Vizzuality and many other academic, non-profit, public, and private organizations.
Refer: https://www.insightsonindia.com/2023/06/29/global-forest-watch/
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Question 2 of 10
2. Question
1 pointsIndia’s Green Credit Programme primarily aims to:
Correct
Ans: (d)
Explanation:
- Context: Following the Union Budget 2023-24 announcement, the MoEFCC notified the draft ‘Green Credit Programme (GCP)’ implementation rules 2023.
- About the Green Credit Programme (GCP):
- Under this, individuals, industries, FPOs, ULBs, gram panchayats and private sectors, etc., will be able to earn “green credit” for undertaking environment-friendly actions.
- The green credits will be tradable on a proposed domestic market platform.
- It follows the principle of LiFE – Lifestyle for Environment – to encourage sustainable lifestyles by driving consumers/communities towards behavioural changes to incentivise environment-friendly practices.
Refer: https://www.insightsonindia.com/2023/06/29/indias-green-credit-programme/
Incorrect
Ans: (d)
Explanation:
- Context: Following the Union Budget 2023-24 announcement, the MoEFCC notified the draft ‘Green Credit Programme (GCP)’ implementation rules 2023.
- About the Green Credit Programme (GCP):
- Under this, individuals, industries, FPOs, ULBs, gram panchayats and private sectors, etc., will be able to earn “green credit” for undertaking environment-friendly actions.
- The green credits will be tradable on a proposed domestic market platform.
- It follows the principle of LiFE – Lifestyle for Environment – to encourage sustainable lifestyles by driving consumers/communities towards behavioural changes to incentivise environment-friendly practices.
Refer: https://www.insightsonindia.com/2023/06/29/indias-green-credit-programme/
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Question 3 of 10
3. Question
1 pointsFormosa Strait separates:
Correct
Ans: (a)
Explanation:
- The correct answer is (A). Nepotism is the practice of showing favoritism to family members or friends, especially in giving them jobs or other favors. In this case, the CEO is showing favoritism to his son by hiring him for a job that he is not qualified for. The other options are examples of favoritism, but they are not examples of nepotism.
- Option (B): This is an example of favoritism because the government official is giving her cousin a government contract, even though the cousin’s company is not the most qualified bidder.
- Option (C): This is an example of favoritism because the teacher is giving her best friend’s child a better grade on a test than he deserves.
- Option (D): This is an example of favoritism because the manager is giving his favorite employee a promotion, even though the employee is not the most productive employee in the department.
Refer: https://www.insightsonindia.com/2023/06/29/examples-of-ethics-2/
Incorrect
Ans: (a)
Explanation:
- The correct answer is (A). Nepotism is the practice of showing favoritism to family members or friends, especially in giving them jobs or other favors. In this case, the CEO is showing favoritism to his son by hiring him for a job that he is not qualified for. The other options are examples of favoritism, but they are not examples of nepotism.
- Option (B): This is an example of favoritism because the government official is giving her cousin a government contract, even though the cousin’s company is not the most qualified bidder.
- Option (C): This is an example of favoritism because the teacher is giving her best friend’s child a better grade on a test than he deserves.
- Option (D): This is an example of favoritism because the manager is giving his favorite employee a promotion, even though the employee is not the most productive employee in the department.
Refer: https://www.insightsonindia.com/2023/06/29/examples-of-ethics-2/
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Question 4 of 10
4. Question
1 pointsWhich of the following statements about socialism are NOT True?
Correct
Ans: (d)
Explanation:
- Context: The article discusses how socialist tendencies can have unintended consequences, concentrating wealth rather than spreading it and favouring inheritors over entrepreneurs.
- In a socialist system, individuals do not have complete freedom to accumulate unlimited wealth. Socialism often places limitations on individual wealth accumulation in order to promote economic equality. The focus is on meeting the needs of all members of society rather than allowing individuals to amass vast amounts of wealth at the expense of others.
Refer: https://www.insightsonindia.com/2023/06/29/socialism/
Incorrect
Ans: (d)
Explanation:
- Context: The article discusses how socialist tendencies can have unintended consequences, concentrating wealth rather than spreading it and favouring inheritors over entrepreneurs.
- In a socialist system, individuals do not have complete freedom to accumulate unlimited wealth. Socialism often places limitations on individual wealth accumulation in order to promote economic equality. The focus is on meeting the needs of all members of society rather than allowing individuals to amass vast amounts of wealth at the expense of others.
Refer: https://www.insightsonindia.com/2023/06/29/socialism/
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Question 5 of 10
5. Question
1 pointsConsider the following statements:
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- The United Nations Convention against Corruption (UNCAC) has a ‘Protocol against the Smuggling of Migrants by Land, Sea and Air’.
- The UNCAC is the ever-first legally binding global anti-corruption instrument.
- A highlight of the United Nations Convention against Transnational Organized Crime (UNTOC) is the inclusion of a specific chapter aimed at returning assets to their rightful owners from whom they had been taken illicitly.
- The United Nations Office on Drugs and Crime (UNODC) is mandated by its member States to assist in the implementation of both UNCAC and UNTOC.
How many of the statements given above is/are correct?
Correct
Ans: (b)
Explanation:
- S1 is a protocol under UNTOC, and S3 is wrong as UNCAC has that provision.
- The United Nations Convention against Corruption is the only legally binding international anti-corruption multilateral treaty
- The United Nations Office on Drugs and Crime (UNODC) is mandated by its Member States to assist in the implementation of both Conventions, which along with the UN Drug Conventions of 1961, 1971 and 1988 underpin all the operational work of UNODC.
- See https://www.unodc.org/southasia/en/frontpage/2011/may/indian-govt-ratifies-two-un-conventions.html
Refer: https://www.insightsonindia.com/2023/06/29/unodc-world-drug-report-2023/
Incorrect
Ans: (b)
Explanation:
- S1 is a protocol under UNTOC, and S3 is wrong as UNCAC has that provision.
- The United Nations Convention against Corruption is the only legally binding international anti-corruption multilateral treaty
- The United Nations Office on Drugs and Crime (UNODC) is mandated by its Member States to assist in the implementation of both Conventions, which along with the UN Drug Conventions of 1961, 1971 and 1988 underpin all the operational work of UNODC.
- See https://www.unodc.org/southasia/en/frontpage/2011/may/indian-govt-ratifies-two-un-conventions.html
Refer: https://www.insightsonindia.com/2023/06/29/unodc-world-drug-report-2023/
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Question 6 of 10
6. Question
1 pointsWorld Competitiveness Index is released by the
Correct
Ans: (d)
Explanation:
- Context: India has been ranked 40th on the latest world competitiveness ranking released by the International Institute for Management Development (IMD).
- Although India has slipped three spots from the previous year, it has improved from its 43rd rank in 2019-2021.
Refer: https://www.insightsonindia.com/2023/06/29/2023-global-competitiveness-index/
Incorrect
Ans: (d)
Explanation:
- Context: India has been ranked 40th on the latest world competitiveness ranking released by the International Institute for Management Development (IMD).
- Although India has slipped three spots from the previous year, it has improved from its 43rd rank in 2019-2021.
Refer: https://www.insightsonindia.com/2023/06/29/2023-global-competitiveness-index/
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Question 7 of 10
7. Question
1 pointsIn 2023, a committee of experts assembled by the Ministry of Mines released the first study ever, titled “Critical Minerals for India.” In light of this, which of the following minerals is not on the list of “Critical Minerals for India”?
Correct
Ans: (d)
Explanation:
- Context: Union Minister of Coal, Mines & Parliamentary Affairs has unveiled the first-ever report on “Critical Minerals for India.”
- What are Critical Minerals?
- Critical minerals are a group of minerals that are essential for various industrial sectors and have strategic importance for a country’s economy and security. These minerals are characterized by their scarcity, high economic value, and criticality in the production of advanced technologies and defence systems.
Refer: https://www.insightsonindia.com/2023/06/29/critical-minerals-list/
Incorrect
Ans: (d)
Explanation:
- Context: Union Minister of Coal, Mines & Parliamentary Affairs has unveiled the first-ever report on “Critical Minerals for India.”
- What are Critical Minerals?
- Critical minerals are a group of minerals that are essential for various industrial sectors and have strategic importance for a country’s economy and security. These minerals are characterized by their scarcity, high economic value, and criticality in the production of advanced technologies and defence systems.
Refer: https://www.insightsonindia.com/2023/06/29/critical-minerals-list/
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Question 8 of 10
8. Question
1 pointsConsider the following statements regarding the Global Environment Facility (GEF).
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- The Global Environment Facility was established on the eve of the 1992 Rio Earth Summit.
- The World Bank serves as the GEF Trustee, administering the GEF Trust Fund.
- GEF serves as financial mechanism for Montreal Protocol on Substances that Deplete the Ozone Layer
How many of the statements given above is/are correct?
Correct
Ans: (b)
Explanation:
- Global Environment Facility (GEF):
- The Global Environment Facility was established on the eve of the 1992 Rio Earth Summitto help tackle our planet’s most pressing environmental problems.
- It is an international partnership of 184 countries, international institutions, civil society organizations and the private sector that addresses global environmental issues.
- GEF funds are available to developing countries and countries with economies in transition to meet the objectives of the international environmental conventions and agreements.
- The World Bank serves as the GEF Trustee, administering the GEF Trust Fund.
- It is a FINANCIAL MECHANISM for five major international environmental conventions:
- Minamata Convention on Mercury,
- Stockholm Convention on Persistent Organic Pollutants (POPs),
- United Nations Convention on Biological Diversity (UNCBD),
- United Nations Convention to Combat Desertification (UNCCD)
- United Nations Framework Convention on Climate Change (UNFCCC).
Refer: https://www.insightsonindia.com/2023/06/29/global-environment-facility-gef/
Incorrect
Ans: (b)
Explanation:
- Global Environment Facility (GEF):
- The Global Environment Facility was established on the eve of the 1992 Rio Earth Summitto help tackle our planet’s most pressing environmental problems.
- It is an international partnership of 184 countries, international institutions, civil society organizations and the private sector that addresses global environmental issues.
- GEF funds are available to developing countries and countries with economies in transition to meet the objectives of the international environmental conventions and agreements.
- The World Bank serves as the GEF Trustee, administering the GEF Trust Fund.
- It is a FINANCIAL MECHANISM for five major international environmental conventions:
- Minamata Convention on Mercury,
- Stockholm Convention on Persistent Organic Pollutants (POPs),
- United Nations Convention on Biological Diversity (UNCBD),
- United Nations Convention to Combat Desertification (UNCCD)
- United Nations Framework Convention on Climate Change (UNFCCC).
Refer: https://www.insightsonindia.com/2023/06/29/global-environment-facility-gef/
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Question 9 of 10
9. Question
1 pointsConsider the following Indian states:
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- Uttarakhand
- Himachal Pradesh
- Uttar Pradesh
- West Bengal
- Sikkim
- Bihar
How many of the above states share a land border with Nepal?
Correct
Ans: (d)
Explanation:
- With an area of 147,181 sq. km and a population of 29 million, Nepal shares a border of about 1850 km with five Indian States – Uttarakhand, Uttar Pradesh, Bihar, West Bengal and Sikkim.
Incorrect
Ans: (d)
Explanation:
- With an area of 147,181 sq. km and a population of 29 million, Nepal shares a border of about 1850 km with five Indian States – Uttarakhand, Uttar Pradesh, Bihar, West Bengal and Sikkim.
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Question 10 of 10
10. Question
1 pointsWhich of the following is not included in the assets of a commercial bank in India?
Correct
Ans: (b)
Explanation:
- Deposits are a liability on a commercial bank, since it must return its lenders the amount it owes them. Answer is B.
- Loans and Advances form assets of the bank. Also, Investments form the second largest component in the assets side of banks’ balance sheets after loans and advances as per a recent RBI report, see https://rbi.org.in/scripts/PublicationsView.aspx?Id=18743 (sec 2.4)
- So, the assets of the commercial bank in India are Cash in hand, Investments, Loans, Advances, Bills discounted and purchased, while the liabilities are Capital and Reserves, Deposits, Borrowings, and other liabilities.
Refer: UPSC CSE-2019
Incorrect
Ans: (b)
Explanation:
- Deposits are a liability on a commercial bank, since it must return its lenders the amount it owes them. Answer is B.
- Loans and Advances form assets of the bank. Also, Investments form the second largest component in the assets side of banks’ balance sheets after loans and advances as per a recent RBI report, see https://rbi.org.in/scripts/PublicationsView.aspx?Id=18743 (sec 2.4)
- So, the assets of the commercial bank in India are Cash in hand, Investments, Loans, Advances, Bills discounted and purchased, while the liabilities are Capital and Reserves, Deposits, Borrowings, and other liabilities.
Refer: UPSC CSE-2019
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