INSIGHTS CURRENT Affairs RTM - 2020
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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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New Initiative: Revision Through MCQs (RTM) – Revision of Current Affairs Made Interesting
As revision is the key to success in this exam, we are starting a new initiative where you will revise current affairs effectively through MCQs (RTM) that are solely based on Insights Daily Current Affairs.
These questions will be different than our regular current affairs quiz. These questions are framed to TEST how well you have read and revised Insights Current Affairs on daily basis.
We will post nearly 10 MCQs every day which are based on previous day’s Insights current affairs. Tonight we will be posting RTM questions on the Insights current affairs of October 3, 2019.
The added advantage of this initiative is it will help you solve at least 20 MCQs daily (5 Static + 5 CA Quiz + 10 RTM) – thereby helping you improve your retention as well as elimination and guessing skills.
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Question 1 of 10
1. Question
1 pointsConsider the following statements:
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- The Companies Act, 2013 requires the National Financial Reporting Authority (NFRA) to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.
- NFRA can investigate professional misconduct committed by members of the Institute of Chartered Accountants of India (ICAI).
Which of the statements given above is/are correct?
Correct
Ans: (c)
Explanation:
- S1: Composition:
- The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.
- S2: Powers:
- It can probe listed companies and those unlisted public companies having paid-up capital of no less than Rs 500 crore or annual turnover of no less than Rs 1,000 crore.
- It can investigate professional misconduct committed by members of the Institute of Chartered Accountants of India (ICAI) for prescribed class of body corporate or persons.
Refer: https://www.insightsonindia.com/2021/09/17/national-financial-reporting-authority-nfra-3/
Incorrect
Ans: (c)
Explanation:
- S1: Composition:
- The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.
- S2: Powers:
- It can probe listed companies and those unlisted public companies having paid-up capital of no less than Rs 500 crore or annual turnover of no less than Rs 1,000 crore.
- It can investigate professional misconduct committed by members of the Institute of Chartered Accountants of India (ICAI) for prescribed class of body corporate or persons.
Refer: https://www.insightsonindia.com/2021/09/17/national-financial-reporting-authority-nfra-3/
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Question 2 of 10
2. Question
1 pointsRecently, which one of the following has decided to discontinue publication of its ‘Doing Business’ rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports?
Correct
Ans: (d)
Explanation:
- The World Bank Group has decided to discontinue publication of its ‘Doing Business’ rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports.
Refer: https://www.insightsonindia.com/2021/09/17/world-bank-discontinues-doing-business-rankings/
Incorrect
Ans: (d)
Explanation:
- The World Bank Group has decided to discontinue publication of its ‘Doing Business’ rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports.
Refer: https://www.insightsonindia.com/2021/09/17/world-bank-discontinues-doing-business-rankings/
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Question 3 of 10
3. Question
1 pointsWith reference to Collective Security Treaty Organization (CSTO), consider the following statements:
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- It is an intergovernmental military alliance in Latin America.
- In the CSTO, aggression against one signatory is perceived as aggression against all.
Which of the statements given above is/are correct?
Correct
Ans: (b)
Explanation:
- S1: The Collective Security Treaty Organization is an intergovernmental military alliance in Eurasia that consists of selected post-Soviet states.
- Its’ origin can be traced to the Collective Security Treaty, 1992 (Tashkent Treaty).
- The headquarter is located in the Russian capital of Moscow.
- S2: In the CSTO, aggression against one signatory is perceived as aggression against all.
Refer: https://www.insightsonindia.com/2021/09/17/collective-security-treaty-organization/
Incorrect
Ans: (b)
Explanation:
- S1: The Collective Security Treaty Organization is an intergovernmental military alliance in Eurasia that consists of selected post-Soviet states.
- Its’ origin can be traced to the Collective Security Treaty, 1992 (Tashkent Treaty).
- The headquarter is located in the Russian capital of Moscow.
- S2: In the CSTO, aggression against one signatory is perceived as aggression against all.
Refer: https://www.insightsonindia.com/2021/09/17/collective-security-treaty-organization/
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Question 4 of 10
4. Question
1 pointsConsider the following statements about AUKUS alliance:
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- It is a new three-way climate alliance between Australia, the United Kingdom and the United States of America.
- It aims to reduce CO2 emissions by 10 percent every 5 years, equivalent to the halving of per capita emissions by 2030.
Which of the statements given above is/are correct?
Correct
Ans: (d)
Explanation:
- It is a new three-way strategic defense alliance between Australia, the UK and US, initially to build a class of nuclear-propelled submarines, but also to work together in the Indo-Pacific region, where the rise of China is seen as an increasing threat, and develop wider technologies.
Refer: https://www.insightsonindia.com/2021/09/17/aukus-alliance/
Incorrect
Ans: (d)
Explanation:
- It is a new three-way strategic defense alliance between Australia, the UK and US, initially to build a class of nuclear-propelled submarines, but also to work together in the Indo-Pacific region, where the rise of China is seen as an increasing threat, and develop wider technologies.
Refer: https://www.insightsonindia.com/2021/09/17/aukus-alliance/
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Question 5 of 10
5. Question
1 pointsWhich of the following statement (s) is/are correct regarding the National Asset Reconstruction Company Limited (NARCL)?
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- It has been incorporated under the Companies Act.
- It has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution.
- It will acquire assets by making an offer to the lead bank.
Select the correct answer using the code below:
Correct
Ans: (d)
Explanation:
- S1: NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC).
- S2: NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL.
- S3: The NARCL will acquire assets by making an offer to the lead bank. Once NARCL’s offer is accepted, then, IDRCL will be engaged for management and value addition.
Incorrect
Ans: (d)
Explanation:
- S1: NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC).
- S2: NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL.
- S3: The NARCL will acquire assets by making an offer to the lead bank. Once NARCL’s offer is accepted, then, IDRCL will be engaged for management and value addition.
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Question 6 of 10
6. Question
1 pointsIn the context of the developments in Bioinformatics, the term ‘transcriptome’, sometimes seen in the news, refers to
Correct
Ans: (b)
Explanation:
- A transcriptome is the full range of messenger RNA, or mRNA, molecules expressed by an organism.
- The term “transcriptome” can also be used to describe the array of mRNA transcripts produced in a particular cell or tissue type.
- In contrast with the genome, which is characterized by its stability, the transcriptome actively changes.
- In fact, an organism’s transcriptome varies depending on many factors, including stage of development and environmental conditions.
Refer: https://www.insightsonindia.com/2021/09/17/edible-plants-into-vaccines/
Incorrect
Ans: (b)
Explanation:
- A transcriptome is the full range of messenger RNA, or mRNA, molecules expressed by an organism.
- The term “transcriptome” can also be used to describe the array of mRNA transcripts produced in a particular cell or tissue type.
- In contrast with the genome, which is characterized by its stability, the transcriptome actively changes.
- In fact, an organism’s transcriptome varies depending on many factors, including stage of development and environmental conditions.
Refer: https://www.insightsonindia.com/2021/09/17/edible-plants-into-vaccines/
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Question 7 of 10
7. Question
1 points‘RNA interference (RNAi)’ technology has gained popularity in the last few years. Why?
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- It is used in developing gene silencing therapies.
- It can be used in developing therapies for-the treatment of cancer.
- It can be used to develop hormone replacement therapies.
- It can be used to produce crop plants that are resistant to viral pathogens.
Select the correct answer using the code given below.
Correct
Ans: (a)
Explanation:
- Statement 3 is absurd. Rest of them are correct.
- S1: RNA interference (RNAi) is a biological process in which RNA molecules inhibit gene expression or translation.
- S2: Since the discovery of RNAi and its regulatory potentials, it has become evident that RNAi has immense potential in suppression of desired genes (gene silencing).
- Numerous studies have demonstrated that RNAi can provide a more specific approach to inhibit tumor growth by targeting cancer-related genes (i.e., oncogene).
- S4: RNAi has resulted in the invention of novel crops such as nicotine-free tobacco, decaffeinated coffee, nutrient fortified vegetation, and hypoallergenic crops. The genetically-engineered Arctic apples received FDA approval in 2015.
- While it was known that plants expressing virus-specific proteins showed enhanced tolerance or resistance to viral infection, it was not expected that plants carrying only short, non-coding regions of viral RNA sequences would show similar levels of protection. Researchers believed that viral RNA produced by transgenes could also inhibit viral replication.
- The reverse experiment, in which short sequences of plant genes were introduced into viruses, showed that the targeted gene was suppressed in an infected plant. This phenomenon was labeled “virus-induced gene silencing” (VIGS), and the set of such phenomena were collectively called post transcriptional gene silencing.
Refer: https://www.insightsonindia.com/2021/09/17/edible-plants-into-vaccines/
Incorrect
Ans: (a)
Explanation:
- Statement 3 is absurd. Rest of them are correct.
- S1: RNA interference (RNAi) is a biological process in which RNA molecules inhibit gene expression or translation.
- S2: Since the discovery of RNAi and its regulatory potentials, it has become evident that RNAi has immense potential in suppression of desired genes (gene silencing).
- Numerous studies have demonstrated that RNAi can provide a more specific approach to inhibit tumor growth by targeting cancer-related genes (i.e., oncogene).
- S4: RNAi has resulted in the invention of novel crops such as nicotine-free tobacco, decaffeinated coffee, nutrient fortified vegetation, and hypoallergenic crops. The genetically-engineered Arctic apples received FDA approval in 2015.
- While it was known that plants expressing virus-specific proteins showed enhanced tolerance or resistance to viral infection, it was not expected that plants carrying only short, non-coding regions of viral RNA sequences would show similar levels of protection. Researchers believed that viral RNA produced by transgenes could also inhibit viral replication.
- The reverse experiment, in which short sequences of plant genes were introduced into viruses, showed that the targeted gene was suppressed in an infected plant. This phenomenon was labeled “virus-induced gene silencing” (VIGS), and the set of such phenomena were collectively called post transcriptional gene silencing.
Refer: https://www.insightsonindia.com/2021/09/17/edible-plants-into-vaccines/
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Question 8 of 10
8. Question
1 pointsWith reference to Animal Discoveries 2020, a document published recently by the Zoological Survey of India (ZSI), consider the following pairs:
Species Discovered from
- Trimeresurus Salazar Kerala
- Clyster galateansis Great Nicobar Biosphere
- Xyrias anjaalai Arunachal Pradesh
- Lycodon deccanensis Karnataka
Which of the pairs given above is/are correctly matched?
Correct
Ans: (b)
Explanation:
- India has added 557 new species to its fauna, which includes 407 new species and 150 new records, reveals Animal Discoveries 2020, a document published recently by the Zoological Survey of India (ZSI). The number of faunal species in India has climbed to 1,02,718 species with the discovery of the news species.
- Among the new species, some interesting species discovered in 2020 are
- Trimeresurus salazar, a new species of green pit viper discovered from Arunachal Pradesh;
- Lycodon deccanensis, the Deccan wolf snake discovered from Karnataka; and Sphaerotheca Bengaluru, a new species of burrowing frog named after the city of Bengaluru.
- The list also includes Xyrias anjaalai, a new deep water species of snake eel from Kerala;
- Glyptothorax giudikyensis, a new species of catfish from Manipur; and Clyster galateansis, a new species of scarab beetles from the Great Nicobar Biosphere.
Incorrect
Ans: (b)
Explanation:
- India has added 557 new species to its fauna, which includes 407 new species and 150 new records, reveals Animal Discoveries 2020, a document published recently by the Zoological Survey of India (ZSI). The number of faunal species in India has climbed to 1,02,718 species with the discovery of the news species.
- Among the new species, some interesting species discovered in 2020 are
- Trimeresurus salazar, a new species of green pit viper discovered from Arunachal Pradesh;
- Lycodon deccanensis, the Deccan wolf snake discovered from Karnataka; and Sphaerotheca Bengaluru, a new species of burrowing frog named after the city of Bengaluru.
- The list also includes Xyrias anjaalai, a new deep water species of snake eel from Kerala;
- Glyptothorax giudikyensis, a new species of catfish from Manipur; and Clyster galateansis, a new species of scarab beetles from the Great Nicobar Biosphere.
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Question 9 of 10
9. Question
1 points“It is a small, nocturnal primate. It prefers to inhabit thick, thorny bushes and bamboo clumps where it can evade predators and also find insects, which is the main diet. IUCN has listed them as Endangered, whereas they are listed under the Schedule I of the Wildlife (Protection) Act of India, 1972, according them the highest level of legal protection”.
Which one of the following species is being describes in the above paragraph?
Correct
Ans: (c)
Explanation:
- Why in news: In Karur, a conservation dilemma regarding the slender loris (link)
- Commonly found in the tropical scrub and deciduous forests as well as the dense hedgerow plantations bordering farmlands of Southern India and Sri Lanka, the Slender Loris is a small, nocturnal primate. It prefers to inhabit thick, thorny bushes and bamboo clumps where it can evade predators and also find insects, which is the main diet.
- IUCN has listed them as Endangered, whereas they are listed under the Schedule I of the Wildlife (Protection) Act of India, 1972, according them the highest level of legal protection. WWF-India is working to protect the habitats of the Slender Loris through its wider conservation work in the Western Ghats – Nilgiris Landscape.
Incorrect
Ans: (c)
Explanation:
- Why in news: In Karur, a conservation dilemma regarding the slender loris (link)
- Commonly found in the tropical scrub and deciduous forests as well as the dense hedgerow plantations bordering farmlands of Southern India and Sri Lanka, the Slender Loris is a small, nocturnal primate. It prefers to inhabit thick, thorny bushes and bamboo clumps where it can evade predators and also find insects, which is the main diet.
- IUCN has listed them as Endangered, whereas they are listed under the Schedule I of the Wildlife (Protection) Act of India, 1972, according them the highest level of legal protection. WWF-India is working to protect the habitats of the Slender Loris through its wider conservation work in the Western Ghats – Nilgiris Landscape.
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Question 10 of 10
10. Question
1 pointsWhich of the following pairs is/are correctly matched?
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- Kabartal Wetland: Bihar
- Asan Conservation Reserve: Uttara Pradesh
- Sultanpur National Park: Haryana
- Thol Lake Wildlife Sanctuary: Gujarat
Select the correct answer using the code below:
Correct
Ans: (c)
Explanation:
- Asan Conservation Reserve: It is Uttarakhand’s first Ramsar Site.
- Kabartal Wetland, also known as Kanwar Jheel, covers 2,620 hectares of the Indo-Gangetic plains in the northern Bihar State.
Incorrect
Ans: (c)
Explanation:
- Asan Conservation Reserve: It is Uttarakhand’s first Ramsar Site.
- Kabartal Wetland, also known as Kanwar Jheel, covers 2,620 hectares of the Indo-Gangetic plains in the northern Bihar State.
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