21st February 2023 Current Affairs Quiz for UPSC Prelims
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score
Your score
Categories
Not categorized0%
Your result has been entered into leaderboard
Loading
1
2
3
4
5
Answered
Review
Question 1 of 5
1. Question
2 points
With reference to the General Network Access (GNA), consider the following statements:
1. General Network Access (GNA) is a non-discriminatory access to the intra-State transmission system
for an indefinite period.
2. General Network Access (GNA) ensures that a generator focuses only on producing power and the
consumer on buying it.
Which of the given statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Correct
Correct Answer: B
Explanation
Statement 2 is correct, 1 is not correct.
Experts have recently flagged issues regarding General Network Access (GNA) regulations.
• Technically speaking, GNA is a non-discriminatory access to the inter-State transmission system for an
estimated maximum injection and for a consumer to draw for a specified period. This is in keeping with
the concept of “one nation, one grid”. Hence statement 1 is NOT correct.
• The GNA as a transmission service provides more flexibility and the possibility of open access to the
buyers and sellers of power in terms of scheduling, subject to grid constraints, and does not suffer from
the rigidity of the current point-to-point open access mechanism. Benefits offered
• Firstly, GNA will untangle the current webs in the system and ensure that a generator focuses only on
producing power and the consumer on buying it. Hence statement 2 is correct.
• Secondly, GNA provides more flexibility and the possibility of open access to the buyers and sellers of
power in terms of scheduling, subject to grid constraints and does not suffer from the rigidity of the
current point-to-point open access mechanism.
Incorrect
Correct Answer: B
Explanation
Statement 2 is correct, 1 is not correct.
Experts have recently flagged issues regarding General Network Access (GNA) regulations.
• Technically speaking, GNA is a non-discriminatory access to the inter-State transmission system for an
estimated maximum injection and for a consumer to draw for a specified period. This is in keeping with
the concept of “one nation, one grid”. Hence statement 1 is NOT correct.
• The GNA as a transmission service provides more flexibility and the possibility of open access to the
buyers and sellers of power in terms of scheduling, subject to grid constraints, and does not suffer from
the rigidity of the current point-to-point open access mechanism. Benefits offered
• Firstly, GNA will untangle the current webs in the system and ensure that a generator focuses only on
producing power and the consumer on buying it. Hence statement 2 is correct.
• Secondly, GNA provides more flexibility and the possibility of open access to the buyers and sellers of
power in terms of scheduling, subject to grid constraints and does not suffer from the rigidity of the
current point-to-point open access mechanism.
Question 2 of 5
2. Question
2 points
Consider the following statements:
1. A loan becomes a Non-Performing Asset (NPAs) when the principal or interest payment remains
overdue for 60 days.
2. Project Sashakt is related to addressing the bad loans problem in India’s banking sector.
Which of the given statements is/are correct?
Correct
Correct Answer: B
Explanation
Statement 1 is not correct, 2 is correct.
Types of NPA
• Sub Standard: A sub-standard asset is one that is classified as an NPA for a period not exceeding
twelve months.
• Doubtful: A doubtful asset is one that has remained as an NPA for a period exceeding twelve months.
• Loss: A loss asset is one where loss has already been identified by the bank or an external institution,
but it is not yet completely written off, due to its recovery value, however little it may be.
• A loan becomes an NPA when the principal or interest payment remains overdue for 90 days.
Hence statement 1 is not correct:
Project Sashakt aims to strengthen the credit capacity, credit culture and credit portfolio of public sector
banks. Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta to help consolidate
stressed assets. Bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90
days. Hence statement 2 is correct.
Incorrect
Correct Answer: B
Explanation
Statement 1 is not correct, 2 is correct.
Types of NPA
• Sub Standard: A sub-standard asset is one that is classified as an NPA for a period not exceeding
twelve months.
• Doubtful: A doubtful asset is one that has remained as an NPA for a period exceeding twelve months.
• Loss: A loss asset is one where loss has already been identified by the bank or an external institution,
but it is not yet completely written off, due to its recovery value, however little it may be.
• A loan becomes an NPA when the principal or interest payment remains overdue for 90 days.
Hence statement 1 is not correct:
Project Sashakt aims to strengthen the credit capacity, credit culture and credit portfolio of public sector
banks. Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta to help consolidate
stressed assets. Bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90
days. Hence statement 2 is correct.
Question 3 of 5
3. Question
2 points
Which of the following best describes the Fujiwhara Effect, which was recently in the news?
Correct
Incorrect
Question 4 of 5
4. Question
2 points
Consider the following statements with respect to Space Liability Convention, 1972:
1. It is also known as Convention on International Liability for Damage Caused by Space Objects.
2. It is a treaty under United Nations Office of Outer Space Affairs.
3. India has signed but not ratified the treaty.
Which of the given statements are correct?
Correct
Correct Answer: A
Explanation
Statements 1 and 2 are correct, 3 is not correct.
Space Liability Convention of 1972
• It is also known as Convention on International Liability for Damage Caused by Space Objects.Hence
statement 1 is correct.
• It is a treaty under United Nations office of outer space affairs (UNOOSA). Hence statement 2 is
correct.
• It is a treaty from 1972 that expands on the liability rules created in the Outer Space Treaty of 1967.
• It is an elaboration on Article 7 of the Outer Space Treaty.
• India has both signed and ratified the treaty. Hence statement 3 is not correct.
• Provisions: The launching State shall be absolutely liable to pay compensation for damagecaused by its
space objects on the surface of the Earth or to aircraft, and liable for damage due to its faults in space
Incorrect
Question 5 of 5
5. Question
2 points
“Bali Leaders’ Declaration” was recently signed by which of the following Multilateral
Correct
Correct Answer: C
Explanation
Bali Leaders’ Declaration
• The G20 summit was recently concluded in Bali, Indonesia.
• The declaration stated that the war in Ukraine is causing economic difficulties and insecurity
worldwide.
• It also termed the threat of using nuclear weapons in the war as “inadmissible”.
• Most members strongly condemned the war in Ukraine and stressed it is causing immense
human suffering and exacerbating existing fragilities in the global economy
Incorrect
Correct Answer: C
Explanation
Bali Leaders’ Declaration
• The G20 summit was recently concluded in Bali, Indonesia.
• The declaration stated that the war in Ukraine is causing economic difficulties and insecurity
worldwide.
• It also termed the threat of using nuclear weapons in the war as “inadmissible”.
• Most members strongly condemned the war in Ukraine and stressed it is causing immense
human suffering and exacerbating existing fragilities in the global economy
