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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 pointsInternationalising the Rupee may provide which of the following benefits to India?
- Limited exchange rate risk
- Lower cost of capital due to better access to international financial markets
- High seigniorage benefits
- Reduced requirement of foreign exchange reserves
How many of the above statements is/are correct?
Correct
Solution: d)
As the Government of India presses ahead with its plan to internationalise the Indian Rupee (INR), an Inter-Departmental Group (IDG) of officials of the Reserve Bank of India (RBI) have in a report cautioned that internationalisation may result in increased volatility in the rupee’s exchange rate in the initial stages.
However, the IDG held that the overall benefits of internationalisation in terms of limited exchange rate risk, lower cost of capital due to better access to international financial markets, high seigniorage benefits and reduced requirement of foreign exchange reserves far outweighed the concerns.
Incorrect
Solution: d)
As the Government of India presses ahead with its plan to internationalise the Indian Rupee (INR), an Inter-Departmental Group (IDG) of officials of the Reserve Bank of India (RBI) have in a report cautioned that internationalisation may result in increased volatility in the rupee’s exchange rate in the initial stages.
However, the IDG held that the overall benefits of internationalisation in terms of limited exchange rate risk, lower cost of capital due to better access to international financial markets, high seigniorage benefits and reduced requirement of foreign exchange reserves far outweighed the concerns.
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Question 2 of 5
2. Question
1 pointsWhich among the following is the nodal procurement agency for pulses in India?
Correct
Solution: c)
The National Agricultural Cooperative Marketing Federation of India (NAFED), is the nodal procurement agency for pulses (like Food Corporation of India, or FCI, is for rice and wheat).
Incorrect
Solution: c)
The National Agricultural Cooperative Marketing Federation of India (NAFED), is the nodal procurement agency for pulses (like Food Corporation of India, or FCI, is for rice and wheat).
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Question 3 of 5
3. Question
1 pointsConsider the following statements regarding different kinds of moon missions that have been launched so far.
- Flybys are the missions in which the spacecraft passed near the Moon but did not get into an orbit around it.
- Orbiters are spacecraft that are designed to get into a lunar orbit and carry out prolonged studies of the Moon’s surface and atmosphere.
- In an Impact Mission the main spacecraft keeps going around the Moon, and one or more instruments on board make an uncontrolled landing on the lunar surface.
- Rovers are special wheeled payloads on the lander that can detach themselves from the spacecraft and move around on the moon’s surface.
How many of the above statements are correct?
Correct
Solution: d)
Here are the different kinds of moon missions that have been launched so far:
Flybys: These are the missions in which the spacecraft passed near the Moon but did not get into an orbit around it. These were either designed to study the Moon from a distance or were on their way to some other planetary body or deep space exploration and happened to pass by the celestial body.
Orbiters: These were spacecraft that were designed to get into a lunar orbit and carry out prolonged studies of the Moon’s surface and atmosphere.
Impact Mission: These are an extension of Orbiter missions. While the main spacecraft keeps going around the Moon, one or more instruments on board make an uncontrolled landing on the lunar surface. They get destroyed after the impact, but still send some useful information about the Moon while on their way.
Landers: These missions involve the soft landing of the spacecraft on the Moon. These are more complicated than the Orbiter missions.
Rovers: Rovers are special wheeled payloads on the lander that can detach themselves from the spacecraft and move around on the moon’s surface, collecting very useful information that instruments within the lander would not be able to obtain.
Incorrect
Solution: d)
Here are the different kinds of moon missions that have been launched so far:
Flybys: These are the missions in which the spacecraft passed near the Moon but did not get into an orbit around it. These were either designed to study the Moon from a distance or were on their way to some other planetary body or deep space exploration and happened to pass by the celestial body.
Orbiters: These were spacecraft that were designed to get into a lunar orbit and carry out prolonged studies of the Moon’s surface and atmosphere.
Impact Mission: These are an extension of Orbiter missions. While the main spacecraft keeps going around the Moon, one or more instruments on board make an uncontrolled landing on the lunar surface. They get destroyed after the impact, but still send some useful information about the Moon while on their way.
Landers: These missions involve the soft landing of the spacecraft on the Moon. These are more complicated than the Orbiter missions.
Rovers: Rovers are special wheeled payloads on the lander that can detach themselves from the spacecraft and move around on the moon’s surface, collecting very useful information that instruments within the lander would not be able to obtain.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding the benefits of Pulses on Environment.
- Pulses enhance soil fertility and reduce the consumption of major fertilisers required for the cultivation of food crops.
- The roots of pulses and legumes contain soil enriching bacteria collectively known as Rhizobium.
- Pulses perform biological fixation of environmental nitrogen.
Which of the above statements is/are correct?
Correct
Solution: d)
The roots of pulses and legumes contain soil enriching bacteria collectively known as Rhizobium. Therefore pulses perform biological fixation of environmental nitrogen. They also increase organic matter in the soil, improve quality and maintain its biodiversity. Pulses enhance fertility and reduce the consumption of major fertilisers required for the cultivation of food crops by millions of tonnes globally.
Incorrect
Solution: d)
The roots of pulses and legumes contain soil enriching bacteria collectively known as Rhizobium. Therefore pulses perform biological fixation of environmental nitrogen. They also increase organic matter in the soil, improve quality and maintain its biodiversity. Pulses enhance fertility and reduce the consumption of major fertilisers required for the cultivation of food crops by millions of tonnes globally.
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Question 5 of 5
5. Question
1 pointsConsider the following statements.
- As a mark of cooperative federalism, the GST Council shall, through a majority of 51% of weighted votes, decide on all matters pertaining to GST and recommend such decisions to the Union and State governments.
- The recommendations of the GST Council are binding on the Union and States Governments.
Which of the above statements is/are correct?
Correct
Solution: d)
The Supreme Court of India has ruled that, The recommendations of the GST Council are not binding on either the Union or the States.
Article 279A stipulates the creation of the GST Council and its functions. The Council has to function as a platform to bring the Union and State governments together, and as a mark of cooperative federalism, the Council shall, unanimously or through a majority of 75% of weighted votes, decide on all matters pertaining to GST and recommend such decisions to the Union and State governments.
Incorrect
Solution: d)
The Supreme Court of India has ruled that, The recommendations of the GST Council are not binding on either the Union or the States.
Article 279A stipulates the creation of the GST Council and its functions. The Council has to function as a platform to bring the Union and State governments together, and as a mark of cooperative federalism, the Council shall, unanimously or through a majority of 75% of weighted votes, decide on all matters pertaining to GST and recommend such decisions to the Union and State governments.
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