QUIZ – 2017: Insights Current Affairs Quiz, 22 April 2019
QUIZ – 2017: Insights Current Affairs Quiz
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 2018. 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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0 of 5 questions completed Questions: 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. To view Solutions, follow these instructions: Click on – ‘Start Quiz’ button Solve Questions Click on ‘Quiz Summary’ button Click on ‘Finish Quiz’ button Now click on ‘View Questions’ button – here you will see solutions and links.INSIGHTS CURRENT EVENTS QUIZ 2019
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Question 1 of 5
1. Question
1 pointsConsider the following statements about Financial Sector Assessment Program (FSAP).
- It is the initiative of World Economic Forum (WEF).
- Financial stability assessment and financial development assessment are the major components of FSAP.
Which of the above statements is/are correct?
Correct
Solution: b)
The Financial Sector Assessment Program (FSAP) is a comprehensive and in-depth analysis of a country’s financial sector. FSAP assessments are the joint responsibility of the IMF and World Bank in developing economies and emerging markets and of the IMF alone in advanced economies. The FSAP includes two major components: a financial stability assessment, which is the responsibility of the IMF, and a financial development assessment, the responsibility of the World Bank. To date, more than three-quarters of the institutions’ member countries have undergone assessments.
Incorrect
Solution: b)
The Financial Sector Assessment Program (FSAP) is a comprehensive and in-depth analysis of a country’s financial sector. FSAP assessments are the joint responsibility of the IMF and World Bank in developing economies and emerging markets and of the IMF alone in advanced economies. The FSAP includes two major components: a financial stability assessment, which is the responsibility of the IMF, and a financial development assessment, the responsibility of the World Bank. To date, more than three-quarters of the institutions’ member countries have undergone assessments.
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Question 2 of 5
2. Question
1 pointsConsider the following statements about Initial Coin Offerings (ICO)
- ICOs are a type of crowdfunding tool conducted entirely on the blockchain.
- There is no regulator for this kind of crowd sourcing in India.
- ICO can be purchased with fiat or virtual currency.
Which of the above statements is/are correct?
Correct
Solution: d)
ICOs are a type of crowdfunding or crowd investing tool conducted entirely on the blockchain. Unlike an IPO, which is governed by SEBI regulations, there is no regulator for this kind of crowd sourcing in India. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum.
Incorrect
Solution: d)
ICOs are a type of crowdfunding or crowd investing tool conducted entirely on the blockchain. Unlike an IPO, which is governed by SEBI regulations, there is no regulator for this kind of crowd sourcing in India. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum.
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Question 3 of 5
3. Question
1 pointsConsider the following statements about Nirbhay Missile.
- Nirbhay is a long range, all-weather, subsonic cruise missile designed and developed in India.
- The missile can be launched from multiple platforms and is capable of carrying conventional and nuclear warheads.
- Recently Nirbhay Missile was inducted into service by Indian Army and Indian Airforce.
Which of the above statements is/are correct?
Correct
Solution: c)
Nirbhay is a long range, all-weather, subsonic cruise missile designed and developed in India by the Defence Research and Development Organisation. The missile can be launched from multiple platforms and is capable of carrying conventional and nuclear warheads. It is currently under development and undergoing flight trials.
Incorrect
Solution: c)
Nirbhay is a long range, all-weather, subsonic cruise missile designed and developed in India by the Defence Research and Development Organisation. The missile can be launched from multiple platforms and is capable of carrying conventional and nuclear warheads. It is currently under development and undergoing flight trials.
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Question 4 of 5
4. Question
1 pointsConsider the following statements about Smart Food initiative (SFI).
- Smart Food initiative is founded by Food and Agriculture Organization (FAO).
- It is an initiative which will initially focus on popularizing millets and sorghum.
- It aims to build food systems where the food is good for the planet and good for the smallholder farmer.
Which of the above statements is/are correct?
Correct
Solution: b)
The Smart Food initiative is founded by the International Crops Research Institute for the Semi-Arid-Tropics (ICRISAT) and aims to build food systems where the food is good for you (highly nutritious), good for the planet and good for the smallholder farmer.
It is an initiative which will initially focus on popularizing millets and sorghum.
Incorrect
Solution: b)
The Smart Food initiative is founded by the International Crops Research Institute for the Semi-Arid-Tropics (ICRISAT) and aims to build food systems where the food is good for you (highly nutritious), good for the planet and good for the smallholder farmer.
It is an initiative which will initially focus on popularizing millets and sorghum.
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Question 5 of 5
5. Question
1 pointsConsider the following statements about Methanol
- Methanol can be used as transportation fuel and not as cooking fuel.
- Methanol is a clean-burning fuelthat produces zero smog-causing emissions and can improve air quality and related human health issues.
- It can be produced from renewable sources also.
- As a high-octane vehicle fuel, methanol offers excellent acceleration and power.
Which of the above statements is/are incorrect?
Correct
Solution: a)
- Methanol can be used as an energy producing fuel, transportation fuel and cooking fuel, cutting down India’s oil import bill by an estimated 20% over the next few years. Unlike CNG, using methanol as a transportation fuel would require minimal alteration in the vehicles.
- Methanol is a clean-burning fuel that produces fewer smog-causing emissions — such as sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter — and can improve air quality and related human health issues.
- Methanol is most commonly produced on a commercial scale from natural gas. It can also be produced from renewable sources such as biomass and recycled carbon dioxide.
- As a high-octane vehicle fuel, methanol offers excellent acceleration and power. It also improves vehicle efficiency.
Incorrect
Solution: a)
- Methanol can be used as an energy producing fuel, transportation fuel and cooking fuel, cutting down India’s oil import bill by an estimated 20% over the next few years. Unlike CNG, using methanol as a transportation fuel would require minimal alteration in the vehicles.
- Methanol is a clean-burning fuel that produces fewer smog-causing emissions — such as sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter — and can improve air quality and related human health issues.
- Methanol is most commonly produced on a commercial scale from natural gas. It can also be produced from renewable sources such as biomass and recycled carbon dioxide.
- As a high-octane vehicle fuel, methanol offers excellent acceleration and power. It also improves vehicle efficiency.