Insights Current Affairs Quiz (2016) – 39
10 February 2016
The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2016. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
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INSIGHTS CURRENT EVENTS QUIZ 2016
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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 8
1. Question
1 pointsWith reference to India economy, consider the following:
- Bank rate
- Open market operations
- Public debt
- Public revenue
Which of the above is/are component/components of Monetary Policy?
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Question 2 of 8
2. Question
1 pointsConsider the following statements:
- When the Reserve Bank of India (RBI) sells government securities to the general public it decreases the stock of high powered money in the economy
- The total liability of the RBI is called high powered money, which also consists of currency held by the public
Which of the statements above is/are correct?
Correct
Solution: c.
High Powered Money: The total liability of the monetary authority of the country, RBI, is called the monetary base or high powered money. It consists of currency (notes and coins in circulation with the public and vault cash of commercial banks) and deposits held by the Government of India and commercial banks with RBI. If a member of the public produces a currency note to RBI the latter must pay her value equal to the figure printed on the note. Similarly, the deposits are also refundable by RBI on demand from deposit-holders. These items are claims which the general public, government or banks have on RBI and hence are considered to be the liability of RBI.
Page 41, Macroeconomics Class XII NCERT
Incorrect
Solution: c.
High Powered Money: The total liability of the monetary authority of the country, RBI, is called the monetary base or high powered money. It consists of currency (notes and coins in circulation with the public and vault cash of commercial banks) and deposits held by the Government of India and commercial banks with RBI. If a member of the public produces a currency note to RBI the latter must pay her value equal to the figure printed on the note. Similarly, the deposits are also refundable by RBI on demand from deposit-holders. These items are claims which the general public, government or banks have on RBI and hence are considered to be the liability of RBI.
Page 41, Macroeconomics Class XII NCERT
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Question 3 of 8
3. Question
1 pointsThe Ministry of Petroleum & Natural Gas recently released the ‘Hydrocarbon Vision 2030 for North-East India’ document, outlining steps to leverage the hydrocarbon sector for development of the region. The states NOT covered by it include:
- West Bengal
- Sikkim
- Nagaland
- Mizoram
Select the correct answer using the code given below:
Correct
Solution: a.
The objectives of the plan are to leverage the region’s hydrocarbon potential, enhance access to clean fuels, improve availability of petroleum products, facilitate economic development and to link common people to the economic activities in this sector. The states covered include Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
Incorrect
Solution: a.
The objectives of the plan are to leverage the region’s hydrocarbon potential, enhance access to clean fuels, improve availability of petroleum products, facilitate economic development and to link common people to the economic activities in this sector. The states covered include Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
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Question 4 of 8
4. Question
2 pointsIndia is said to be taking steps in order to be at the forefront of the ‘war against Neglected Tropical Diseases (NTDs)’. What are NTDs?
Correct
Solution: a.
The neglected tropical diseases (NTDs) are a group of infectious diseases which primarily affect the poorest sectors of society, especially the rural poor and the most disadvantaged urban populations. Nearly one billion people in the world suffer from NTDs, which are referred to as “neglected” because they are characterized by little attention from policy-makers, lack of priority within health strategies, inadequate research, limited resource allocation and few interventions.
The Union Health Minister stated that India shall be in the forefront of the war against Neglected Tropical Diseases. Shri Nadda said: the National Deworming Day will mobilize health personnel, state governments and other stakeholders to prioritize investment in control of Soil Transmitted Helminth (STH) infections—one of the most common infections.
Incorrect
Solution: a.
The neglected tropical diseases (NTDs) are a group of infectious diseases which primarily affect the poorest sectors of society, especially the rural poor and the most disadvantaged urban populations. Nearly one billion people in the world suffer from NTDs, which are referred to as “neglected” because they are characterized by little attention from policy-makers, lack of priority within health strategies, inadequate research, limited resource allocation and few interventions.
The Union Health Minister stated that India shall be in the forefront of the war against Neglected Tropical Diseases. Shri Nadda said: the National Deworming Day will mobilize health personnel, state governments and other stakeholders to prioritize investment in control of Soil Transmitted Helminth (STH) infections—one of the most common infections.
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Question 5 of 8
5. Question
1 pointsWhich of the following statements with reference to India’s dairy sector is/are incorrect?
- India occupies the top position in the world in terms of milk production
- The primary objective of the National Gokul Mission is to bridge the gap in milk productivity between India and developed dairy nations
Select the correct answer using the code given below:
Correct
Solution: b.
“In its journey to the top position in the world in terms of milk production, the sector has witnessed several structural changes in production, processing and consumption that have been conditioned by the changing socio-economic conditions in the country. Today we have been able to provide on an average 302 gm per person per day milk in the country which is more than the minimum required recommended by the WHO.”
“Keeping in mind the national requirement for augmenting milk production, development programmes focussed on promoting cross breeding of dairy cows. This resulted in neglect of our indigenous cattle breeds. It is time now that programmes focussing on improvement in productivity of indigenous cattle is developed and implemented intensively. A new initiative as National Gokul Mission has been launched for the preservation and promotion of indigenous breed of cows under national bovine genetic and dairy development programme for the first time in the country.”
Enhancing milk production and productivity is one of the objectives, not primary.
Incorrect
Solution: b.
“In its journey to the top position in the world in terms of milk production, the sector has witnessed several structural changes in production, processing and consumption that have been conditioned by the changing socio-economic conditions in the country. Today we have been able to provide on an average 302 gm per person per day milk in the country which is more than the minimum required recommended by the WHO.”
“Keeping in mind the national requirement for augmenting milk production, development programmes focussed on promoting cross breeding of dairy cows. This resulted in neglect of our indigenous cattle breeds. It is time now that programmes focussing on improvement in productivity of indigenous cattle is developed and implemented intensively. A new initiative as National Gokul Mission has been launched for the preservation and promotion of indigenous breed of cows under national bovine genetic and dairy development programme for the first time in the country.”
Enhancing milk production and productivity is one of the objectives, not primary.
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Question 6 of 8
6. Question
1 pointsThe nodal agency authorised to possess and carry out research on meteorites in India is
Correct
Solution: c.
“In the wake of two suspected meteorite falls in Vellore district in the last fortnight, the Geological Survey of India (GSI) has written to the State government seeking a direction to all District Collectors that any such cases be reported to GSI and any finds handed over, as it was the only nodal agency authorised to possess and carry out research on meteorites in the country.”
Incorrect
Solution: c.
“In the wake of two suspected meteorite falls in Vellore district in the last fortnight, the Geological Survey of India (GSI) has written to the State government seeking a direction to all District Collectors that any such cases be reported to GSI and any finds handed over, as it was the only nodal agency authorised to possess and carry out research on meteorites in the country.”
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Question 7 of 8
7. Question
1 pointsWhich of the following terms is/are associated with water supply/sources from medieval India?
- Bawadis
- Karez
- Gunjs
Select the correct answer using the code given below:
Correct
Solution: d.
“We are conducting a preliminary survey of all major water sources of Adil Shahi era, which includes, Karez (meaning underground water supply system in Persian), Gunjs (overhead stone tanks), and Bawadis (open wells) of the city. Within a couple of months, we expect to submit the preliminary report to the government,” said Kishore Raykar, director of the agency.
Incorrect
Solution: d.
“We are conducting a preliminary survey of all major water sources of Adil Shahi era, which includes, Karez (meaning underground water supply system in Persian), Gunjs (overhead stone tanks), and Bawadis (open wells) of the city. Within a couple of months, we expect to submit the preliminary report to the government,” said Kishore Raykar, director of the agency.
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Question 8 of 8
8. Question
1 pointsThe implementation of the Foreign Contribution (Regulation) Act is administered by
Correct
Solution: a.
“Unlike other international donors, the BMGF is not registered under the Foreign Contribution Regulation Act (FCRA), leaving its funding out of the ambit of the Ministry of Home Affairs (MHA), which is the regulatory authority for NGOs and associations who receive foreign funds”
http://www.thehindu.com/news/national/gates-foundation-on-centres-radar/article8215060.ece
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Incorrect
Solution: a.
“Unlike other international donors, the BMGF is not registered under the Foreign Contribution Regulation Act (FCRA), leaving its funding out of the ambit of the Ministry of Home Affairs (MHA), which is the regulatory authority for NGOs and associations who receive foreign funds”
http://www.thehindu.com/news/national/gates-foundation-on-centres-radar/article8215060.ece
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