QUIZ – 2016: Insights Current Affairs Quiz, 27 December 2016

Solution: d.

All statements are correct.

• The bouquet of Agni-I, Agni-II, Agni-III, Agni-IV and Agni-V form the bulwark of India’s nuclear deterrence programme. All of them can carry nuclear warheads.
• This is the fourth success in a row of Agni-V, which can carry a nuclear warhead weighing 1.5 tonnes over a distance of more than 5,000 km.
• The importance of the success of Agni-V lay in the fact that it was fired from a canister mounted on a massive TATRA truck. A launch from a canister mounted on a truck gives the missile flexibility of movement.

PIB; TH: Agni-V successfully soars yet again;

Solution: d.

• Gaya Prasad Katiyar was born at Jagadishpur (UP). He joined Hindustan Socialist Republican Association in 1925 and got connected with Chandra Shekhar Azad and Bhagat Singh.
• Later he participated on Lahore Conspiracy Case and was arrested from Saharanpur in 1929. He joined the hunger strike at Lahore Jail with his co prisoners. Later he was transported to Cellular jail in Andaman and again he participated on hunger strike there. He was repatriated in 1937 but again arrested and transported to cellular jail from where he was released in 1946.

PIB: Centre releases special stamp on freedom fighter “Shri Gaya Prasad Katiyar”;

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Solution: a.

Set C, Q54: CS(P) 2015;

Set C, Q54: CS(P) 2015 UPSC Answer key;

Improvisation: TH: India needs lower taxes, higher tax compliance;

Solution: b.

• In both, statements 1 and 2, the producers are restricting the output, while demand remains the same. So, both are forms of ‘cost-push’ inflation.
• Statement 2 though may also result in a form of demand-push inflation (due to the present demonetisation scenario). That is, it may be considered as a situation which will give rise to both – cost-push as well as demand-push inflation. Read the following modified extract to understand how:

“While we can assume normalcy in demand to return in 4-5 months, this needn’t be true, however, for supply.. what farmers are going to bring to mandis 4-5 months from now would be a result of their current planting decisions, which are, in turn, a function of prices prevailing today (that is, due to demonetisation, cash crunch has resulted in reduced demand for farm products)…  but at the same time if the demand curve shifts back to the point before demonetisation, we have a situation wherein there is both, increased liquidity as well as reduced farm output compared to the present scenario.

• In statement 3, there is more credit available due to it being cheap, resulting in increased demand. Statement 3 refers to demand-push form of inflation.

Improvisation: IE: From current deflation to future inflation;

Economics Online: Inflation and Deflation;

Solution: b.

‘Offshore winds’ are not in the ocean. But they store energy in the form of kinetic energy, which is harnessed using windmills.

• “Marine energy or marine power … refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences.. The movement of water in the world’s oceans creates a vast store of kinetic energy, or energy in motion..”
• “..offshore wind power is not a form of marine energy, as wind power is derived from the wind, even if the wind turbines are placed over water.. The term marine energy encompasses both wave power i.e. power from surface waves, and tidal power i.e. obtained from the kinetic energy of large bodies of moving water..”

Improvisation: BBC: When will our electricity come from the sea?;

Wikipedia: Marine energy;