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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 Loss and Damage (L&D)fund, that was agreed at COP28.
- Loss and Damage (L&D)fund will be hosted by the World Bank.
- It is aligned with UNFCCC and the Paris Agreement.
- The contributions by the developed countries are mandatory.
How many of the above statements is/are correct?
Correct
Solution: b)
Statement 3 is incorrect.
Loss and Damage (L&D) Fund COP28 countries agreed to launch the Loss and Damage (L&D) fund, hosted by the World Bank for four years, aligning with UNFCCC and the Paris Agreement. All developing countries are eligible, and contributions are voluntary, with a specific percentage earmarked for Least Developed Countries and Small Island Developing States. Incorrect
Solution: b)
Statement 3 is incorrect.
Loss and Damage (L&D) Fund COP28 countries agreed to launch the Loss and Damage (L&D) fund, hosted by the World Bank for four years, aligning with UNFCCC and the Paris Agreement. All developing countries are eligible, and contributions are voluntary, with a specific percentage earmarked for Least Developed Countries and Small Island Developing States. -
Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Powering Past Coal Alliance (PPCA).
- PPCA is a coalition involving governments, businesses, and organizations, focusing on transitioning from unabated coal power to clean energy.
- India is part of PPCAas it has committed to phasing out of coal production.
Which of the above statements is/are correct?
Correct
Solution: a)
Powering Past Coal Alliance (PPCA) PPCA, a coalition involving governments, businesses, and organizations, focuses on transitioning from unabated coal power to clean energy. At COP28, PPCA welcomed new national and subnational governments, advocating for cleaner energy alternatives. India is not part of PPCA as it has not committed to phasing out of coal. Incorrect
Solution: a)
Powering Past Coal Alliance (PPCA) PPCA, a coalition involving governments, businesses, and organizations, focuses on transitioning from unabated coal power to clean energy. At COP28, PPCA welcomed new national and subnational governments, advocating for cleaner energy alternatives. India is not part of PPCA as it has not committed to phasing out of coal. -
Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Buildings Breakthrough Initiative.
- The goal of the Buildings Breakthrough Initiative is to make near-zero emissions and resilient buildings the new normal by 2030.
- The initiative was launched by India.
- It is hosted by the Global Alliance for Buildings and Construction.
How many of the above statements is/are correct?
Correct
Solution: b)
Statement 2 is incorrect.
The Governments of France and Morocco, together with the UN Environment Programme (UNEP), launched the Buildings Breakthrough today at COP28, which will see countries joining forces to accelerate the transformation of the sector – which accounts for 21 per cent of global greenhouse gas emissions – with a view to making near-zero emissions and climate resilient buildings the new normal by 2030.
The Buildings Breakthrough is part of the Breakthrough Agenda, which provides a framework for countries, businesses and civil society to join up and strengthen their actions every year in key emitting sectors, through a coalition of leading public, private and public-private global initiatives.
It is coordinated under the auspices of the UNEP-hosted Global Alliance for Buildings and Construction (GlobalABC).
Incorrect
Solution: b)
Statement 2 is incorrect.
The Governments of France and Morocco, together with the UN Environment Programme (UNEP), launched the Buildings Breakthrough today at COP28, which will see countries joining forces to accelerate the transformation of the sector – which accounts for 21 per cent of global greenhouse gas emissions – with a view to making near-zero emissions and climate resilient buildings the new normal by 2030.
The Buildings Breakthrough is part of the Breakthrough Agenda, which provides a framework for countries, businesses and civil society to join up and strengthen their actions every year in key emitting sectors, through a coalition of leading public, private and public-private global initiatives.
It is coordinated under the auspices of the UNEP-hosted Global Alliance for Buildings and Construction (GlobalABC).
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Global River Cities Alliance (GRCA).
- Global River Cities Alliance is led by the National Mission for Clean Ganga (NMCG) under the Ministry of Jal Shakti.
- It focuses onriver conservation and sustainable water management.
- Asian Development Bank and Asian Infrastructure and Investment Bank acts as international funding agencies.
How many of the above statements is/are correct?
Correct
Solution: c)
Incorrect
Solution: c)
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding US debt ceiling.
- Debt ceiling is the maximum amount of debt the federal government is allowed to accumulate in order to fulfil its financial obligations.
- The debt ceiling was introduced in order to make it easier for the executive to operate without having to turn to the Congress every time it wants to spend.
- The US Government would not enter into a default even if the debt ceiling is breached.
How many of the above statements is/are correct?
Correct
Solution: b)
Statement 3 is incorrect.
The “debt ceiling” or “debt limit” is the maximum amount of debt the federal government is allowed to accumulate in order to fulfil its financial obligations.
The government typically spends more than it earns. This means that it needs to borrow in order to pay for things like social security, Medicare, military and other salaries, interest on the national debt, tax refunds, etc.
The debt limit was introduced in 1917 – when the US entered World War I – and according to the US Treasury Department, the Congress has increased or suspended the debt limit 78 times since 1960. As of 2023, the debt ceiling stands at $ 31.4 trillion.
Constitutionally, the Congress controls the government’s purse strings. The debt ceiling was introduced in order to make it easier for the executive to operate without having to turn to the Congress every time it wants to spend – it allowed the government to borrow as required as long as it kept under the debt limit, which has to be approved by the Congress.
If the debt ceiling is breached, the Treasury Department would be unable to make payments when they are due – meaning that the US would enter into a default.
Incorrect
Solution: b)
Statement 3 is incorrect.
The “debt ceiling” or “debt limit” is the maximum amount of debt the federal government is allowed to accumulate in order to fulfil its financial obligations.
The government typically spends more than it earns. This means that it needs to borrow in order to pay for things like social security, Medicare, military and other salaries, interest on the national debt, tax refunds, etc.
The debt limit was introduced in 1917 – when the US entered World War I – and according to the US Treasury Department, the Congress has increased or suspended the debt limit 78 times since 1960. As of 2023, the debt ceiling stands at $ 31.4 trillion.
Constitutionally, the Congress controls the government’s purse strings. The debt ceiling was introduced in order to make it easier for the executive to operate without having to turn to the Congress every time it wants to spend – it allowed the government to borrow as required as long as it kept under the debt limit, which has to be approved by the Congress.
If the debt ceiling is breached, the Treasury Department would be unable to make payments when they are due – meaning that the US would enter into a default.
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