QUIZ – 2017: Insights Current Affairs Quiz, 27 November 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 regarding Predatory pricing.
- Predatory pricing is the act of a market leader lowering its prices below its costs.
- The Government supports Predatory pricing since it makes the products affordable to all sections of the society.
- New market entrants offering temporary, deep discounts is also considered predatory.
Which of the above statements is/are correct?
Correct
Solution: c)
Predatory pricing is the act of a market leader lowering its prices below its costs to gain an unfair advantage. The predator incurs short-term losses to hurt other players and drive them out of the market. Later, with fewer competitors, the predator can raise prices to recoup losses. Such behaviour is considered anti-competitive and can be taken up by competition or industry regulators for review.
Predatory pricing should not be confused with normal, competitive price wars. For instance, a firm that reduces costs below that of its competitors could offer products with lower prices.
Similarly, smaller or new players offering temporary, deep discounts would not be considered predatory since they may not have the effect of driving larger firms out of the market.
Incorrect
Solution: c)
Predatory pricing is the act of a market leader lowering its prices below its costs to gain an unfair advantage. The predator incurs short-term losses to hurt other players and drive them out of the market. Later, with fewer competitors, the predator can raise prices to recoup losses. Such behaviour is considered anti-competitive and can be taken up by competition or industry regulators for review.
Predatory pricing should not be confused with normal, competitive price wars. For instance, a firm that reduces costs below that of its competitors could offer products with lower prices.
Similarly, smaller or new players offering temporary, deep discounts would not be considered predatory since they may not have the effect of driving larger firms out of the market.
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Question 2 of 5
2. Question
1 points‘Gamosa’ a ubiquitous, white cotton towel woven with images of endangered turtles to spread the message of conservation, belongs to which state.
Correct
Solution: a)
Activists are banking on the ‘gamosa’, woven with images of endangered turtles, to spread the message.
The multipurpose Assamese gamosa, a ubiquitous, white cotton towel, has been assigned a new function — conservation of rare freshwater turtles.
Few cultural symbols are as utilitarian as the white handmade cotton gamosa, with its characteristic red border of woven motifs. It is valued as a gift for visitors, used as a scarf, anti-dust mask, wrapped around the head as a turban.
Incorrect
Solution: a)
Activists are banking on the ‘gamosa’, woven with images of endangered turtles, to spread the message.
The multipurpose Assamese gamosa, a ubiquitous, white cotton towel, has been assigned a new function — conservation of rare freshwater turtles.
Few cultural symbols are as utilitarian as the white handmade cotton gamosa, with its characteristic red border of woven motifs. It is valued as a gift for visitors, used as a scarf, anti-dust mask, wrapped around the head as a turban.
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Question 3 of 5
3. Question
1 pointsPamba-Achankovil-Vaippar river link project is the dispute between which states.
Correct
Solution: d)
The Kerala State government is saying that it is taking all precautions to prevent the implementation of the Pamba-Achankovil-Vaippar river link project.
Kerala is not allowing Pamba-Achankovil to be connected with the Vaippar river in Tamil Nadu under the inter-linking of rivers project. Kerala asserts that there is no excess water in rivers in the state.
The river link proposal is listed among the river linking projects of the NWDA. It envisages diversion of 634 cubic millimeters of water from the Pamba and Achankovil rivers in Kerala to the Vaippar basin in Tamil Nadu.
Incorrect
Solution: d)
The Kerala State government is saying that it is taking all precautions to prevent the implementation of the Pamba-Achankovil-Vaippar river link project.
Kerala is not allowing Pamba-Achankovil to be connected with the Vaippar river in Tamil Nadu under the inter-linking of rivers project. Kerala asserts that there is no excess water in rivers in the state.
The river link proposal is listed among the river linking projects of the NWDA. It envisages diversion of 634 cubic millimeters of water from the Pamba and Achankovil rivers in Kerala to the Vaippar basin in Tamil Nadu.
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Question 4 of 5
4. Question
1 pointsWhich of the following statements is correct regarding ‘Bamboonomics’?
Correct
Solution: d)
Bamboonomics:
It is a movement to combat desertification and climate change which will involve the tribal community of India since they have the expertise in this field.
The movement will ensure that tribals can earn a livelihood without causing environmental harm.
It was launched at the COP 14 of the United Nations Convention to Combat Desertification (UNCCD).
Incorrect
Solution: d)
Bamboonomics:
It is a movement to combat desertification and climate change which will involve the tribal community of India since they have the expertise in this field.
The movement will ensure that tribals can earn a livelihood without causing environmental harm.
It was launched at the COP 14 of the United Nations Convention to Combat Desertification (UNCCD).
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding ‘Samudrayaan’ project.
- It is a pilot project of the Ministry of Earth Sciences for deep ocean mining for rare minerals.
- It proposes to send men into the deep sea in a submersible vehicle for ocean studies.
- The project has been undertaken by ISRO.
Which of the above statements is/are correct?
Correct
Solution: c)
Samudrayaan:
It is a pilot project of the Ministry of Earth Sciences for deep ocean mining for rare minerals.
It proposes to send men into the deep sea in a submersible vehicle for ocean studies.
The project is expected to become a reality by 2021-22.
The project has been undertaken by the National Institute of Ocean Technology (NIOT).
Incorrect
Solution: c)
Samudrayaan:
It is a pilot project of the Ministry of Earth Sciences for deep ocean mining for rare minerals.
It proposes to send men into the deep sea in a submersible vehicle for ocean studies.
The project is expected to become a reality by 2021-22.
The project has been undertaken by the National Institute of Ocean Technology (NIOT).
