24 January 2022 Current Affairs Quiz for UPSC Prelims
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Question 1 of 10
1. Question
2 points
Consider the following statements regarding ‘National Commission for Protection of Child Rights’
1)It is an executive body established by Government resolution.
2)The commission has suo moto power in matters relating to children
Choose the correct statements
Correct
Solution(b)
Statement Analysis:
The National Commission for Protection of Child Rights (NCPCR) is an Indian statutory body established by an Act of Parliament, the Commission for Protection of Child Rights (CPCR) Act, 2005. The Commission works under the aegis of Ministry of Women and Child Development. The commission takes suo motu notice of matter relating to : 1) Deprivation and violation of child rights;
2) Non implementation of laws providing for protection and development of children;
3) Non-compliance of policy decisions, guidelines or instructions aimed at mitigating hardships to and ensuring welfare of the children and provide relief to such children;
4) take up the issues arising out of such matters with appropriate authorities
Incorrect
Solution(b)
Statement Analysis:
The National Commission for Protection of Child Rights (NCPCR) is an Indian statutory body established by an Act of Parliament, the Commission for Protection of Child Rights (CPCR) Act, 2005. The Commission works under the aegis of Ministry of Women and Child Development. The commission takes suo motu notice of matter relating to : 1) Deprivation and violation of child rights;
2) Non implementation of laws providing for protection and development of children;
3) Non-compliance of policy decisions, guidelines or instructions aimed at mitigating hardships to and ensuring welfare of the children and provide relief to such children;
4) take up the issues arising out of such matters with appropriate authorities
Question 2 of 10
2. Question
2 points
Consider the following pairs:
Sea: Bordering country
Black Sea: Slovenia
Mediterranean Sea: Israel
Red Sea: Syria
Which of the pairs given above are correctly matched?
Correct
Solution(b)
Incorrect
Solution(b)
Question 3 of 10
3. Question
2 points
‘SAMARTH’, a scheme recently seen in news is related to
Correct
Solution(d)
SAMARTH stands for Sustainable Agrarian Mission on use of Agro Residue in Thermal Power Plants. It is emerging that the efforts of the Government in transforming the problem of stubble burning into a solution of power production with lower carbon footprints, would continue to bear fruit with the active participation of Farmers, Pellet manufacturers and power plants in the country. This would yield additional income for farmers. It is going to play a big role towards clean energy transition of the country.
Incorrect
Solution(d)
SAMARTH stands for Sustainable Agrarian Mission on use of Agro Residue in Thermal Power Plants. It is emerging that the efforts of the Government in transforming the problem of stubble burning into a solution of power production with lower carbon footprints, would continue to bear fruit with the active participation of Farmers, Pellet manufacturers and power plants in the country. This would yield additional income for farmers. It is going to play a big role towards clean energy transition of the country.
Question 4 of 10
4. Question
2 points
When there is a surge of manufactured goods entering the country over the years, which of the following measures would the Government take?
Correct
Solution(c)
Statement Analysis:
Automatic FDI (100%) reduces red- tapism and simplifies the procedure in the country which leads to higher investment in the sector. Import duty increases the price of the product thereby reducing the competitiveness of the goods in the local market Production Linked Incentive scheme encourages the local industry to manufacture goods and reduces the need for importing manufactured goods.
Incorrect
Solution(c)
Statement Analysis:
Automatic FDI (100%) reduces red- tapism and simplifies the procedure in the country which leads to higher investment in the sector. Import duty increases the price of the product thereby reducing the competitiveness of the goods in the local market Production Linked Incentive scheme encourages the local industry to manufacture goods and reduces the need for importing manufactured goods.
Question 5 of 10
5. Question
2 points
Consider the following statements regarding Union Budget
1)Certain provisions in the constitution allow the President to address the first session of Parliament each year
2)Budget is discussed and voted upon by both houses of the Parliament
Choose the correct statements
Correct
Solution(a)
Statement Analysis:
Article 87 of the constitution provides two instances when the President specially addresses both Houses of Parliament. The President of India addresses both the Rajya Sabha and the Lok Sabha at the beginning of the first Session after each general election when the reconstituted lower house meets for the first time. The President also addresses both the houses at beginning of the first session of each year. While the budget is discussed by both houses of the Parliament, voting is the exclusive privilege of Lok sabha. Rajya Sabha is at liberty to discuss the Budget as a whole or any question of principle involved therein, but no motion is moved nor the Budget is submitted to the vote of Rajya Sabha
Incorrect
Solution(a)
Statement Analysis:
Article 87 of the constitution provides two instances when the President specially addresses both Houses of Parliament. The President of India addresses both the Rajya Sabha and the Lok Sabha at the beginning of the first Session after each general election when the reconstituted lower house meets for the first time. The President also addresses both the houses at beginning of the first session of each year. While the budget is discussed by both houses of the Parliament, voting is the exclusive privilege of Lok sabha. Rajya Sabha is at liberty to discuss the Budget as a whole or any question of principle involved therein, but no motion is moved nor the Budget is submitted to the vote of Rajya Sabha
Question 6 of 10
6. Question
2 points
Consider the following statements with respect to capital expenditure and revenue expenditure:
1)Revenue expenditures are one-time large purchases of fixed assets, used for revenue generation in daily business operations.
2)Capital expenditures are the ongoing expenses, which are short-term, used for revenue generation over a longer period.
Which of the above statement(s) is/are correct?
Correct
Answer : d
The Ministry of Finance has asked other departments and ministries to restrict their expenses within the limits allocated for the current fiscal year.
Capital Expenditure Vs Revenue Expenditure
Revenue Expenditure
Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.
Revenue expenditures are short-term expenses used in the current period or typically within one year.
Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business, and thus are essentially the same as operating expenses (OPEX).
Revenue expenditures can be considered to be recurring expenses in contrast to the one-off nature of most capital expenditures.
Revenue expenditures or operating expenses are recorded on the income statement.
These expenses are subtracted from the revenue that a company generates from sales to eventually arrive at the net income or profit for the period.
Revenue expenses can be fully tax-deducted in the same year the expenses occur.
In other words, the expenses reduce profit from a tax standpoint, and thus, reduce the taxable income for the tax period.
Examples of revenue expenditure:
Salaries and employee wages
Research and development
Utilities and Rent
Business travel
Property taxes
Capital Expenditure
Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as equipment.
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period.
Capital expenditures are often used for buying fixed assets, which are physical assets such as equipment.
As a result, capital expenditures are typically for larger amounts than revenue expenditures.
Since long-term assets provide income-generating value for a company for a period of years, companies are not allowed to deduct the full cost of the asset in the year the expense is incurred.
Instead, they must recover the cost through year-by-year depreciation over the useful life of the asset.
In other words, the cost of capital expenditures is spread out over many periods or years, whereas revenue expenditures are expensed in the current year or period.
Examples of capital expenditure:
Facility or factory, including an upgrade or expansion
Vehicles, such as trucks used for the delivery of products
Manufacturing equipment
Computers
Furniture
Incorrect
Answer : d
The Ministry of Finance has asked other departments and ministries to restrict their expenses within the limits allocated for the current fiscal year.
Capital Expenditure Vs Revenue Expenditure
Revenue Expenditure
Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.
Revenue expenditures are short-term expenses used in the current period or typically within one year.
Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business, and thus are essentially the same as operating expenses (OPEX).
Revenue expenditures can be considered to be recurring expenses in contrast to the one-off nature of most capital expenditures.
Revenue expenditures or operating expenses are recorded on the income statement.
These expenses are subtracted from the revenue that a company generates from sales to eventually arrive at the net income or profit for the period.
Revenue expenses can be fully tax-deducted in the same year the expenses occur.
In other words, the expenses reduce profit from a tax standpoint, and thus, reduce the taxable income for the tax period.
Examples of revenue expenditure:
Salaries and employee wages
Research and development
Utilities and Rent
Business travel
Property taxes
Capital Expenditure
Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as equipment.
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period.
Capital expenditures are often used for buying fixed assets, which are physical assets such as equipment.
As a result, capital expenditures are typically for larger amounts than revenue expenditures.
Since long-term assets provide income-generating value for a company for a period of years, companies are not allowed to deduct the full cost of the asset in the year the expense is incurred.
Instead, they must recover the cost through year-by-year depreciation over the useful life of the asset.
In other words, the cost of capital expenditures is spread out over many periods or years, whereas revenue expenditures are expensed in the current year or period.
Examples of capital expenditure:
Facility or factory, including an upgrade or expansion
Vehicles, such as trucks used for the delivery of products
Manufacturing equipment
Computers
Furniture
Question 7 of 10
7. Question
2 points
Consider the following statements with respect to microwave weapons:
1)Microwave weapons are based on mechanical waves and they can travel through vacuum as well.
2)The weapon works by heating the water molecules under the skin and works up to a range of 0.6 miles.
Which if the above statement(s) is/are correct?
Correct
Answer : b
The CIA has concluded that U.S. diplomats suffering mysterious headaches and nausea in what has been dubbed “Havana Syndrome” were not targeted in a global campaign by a foreign power.
Incorrect
Answer : b
The CIA has concluded that U.S. diplomats suffering mysterious headaches and nausea in what has been dubbed “Havana Syndrome” were not targeted in a global campaign by a foreign power.
Question 8 of 10
8. Question
2 points
Consider the following statements regarding Koya Tribes:
1)They are found in the states of West Bengal, Chhattisgarh, and Bihar.
2)The Sammakka-Sarakka Jatra is the only tribal fair devoted to pay tribute to tribal warriors and is celebrated every year.
3)They celebrate the Bhumi Panduga festival to mark the beginning of farm operations.
Which of the above statement(s) is/are correct?
Correct
Answer : a
Significance of Telangana’s tribal fair Sammakka-Sarakka jatara. Event symbolises traditions and heritage of Koya tribal people.
Koya Tribes
Koya are an Indian tribal community found in the states of Telangana, Andhra Pradesh, Chhattisgarh and Odisha.
Sammakka-Sarakka Jatra
Sammakka-Sarakka jatara, billed as the country’s biggest tribal fair, to commemorate a tribal revolt led by Sammakka and Saralamma, a mother-daughter duo, against levy of taxes on tribal people during drought conditions by the then Kakatiya rulers in the 12th century.
The mega four-day jatara, scheduled to begin in Medaram, is perhaps the only tribal fair devoted to pay tribute to tribal warriors who made supreme sacrifices defending the rights of aboriginal tribal people.
It takes place once in two years.
The jatara epitomises the courage displayed by the mother-daughter duo, along with other family members, in the struggle against a despotic regime bent on collecting taxes from the people of Medaram during turbulent times induced by severe drought.
The jatara symbolizes the traditions and heritage of the Koya tribal people.
Bhumi Panduga Festival
Incorrect
Answer : a
Significance of Telangana’s tribal fair Sammakka-Sarakka jatara. Event symbolises traditions and heritage of Koya tribal people.
Koya Tribes
Koya are an Indian tribal community found in the states of Telangana, Andhra Pradesh, Chhattisgarh and Odisha.
Sammakka-Sarakka Jatra
Sammakka-Sarakka jatara, billed as the country’s biggest tribal fair, to commemorate a tribal revolt led by Sammakka and Saralamma, a mother-daughter duo, against levy of taxes on tribal people during drought conditions by the then Kakatiya rulers in the 12th century.
The mega four-day jatara, scheduled to begin in Medaram, is perhaps the only tribal fair devoted to pay tribute to tribal warriors who made supreme sacrifices defending the rights of aboriginal tribal people.
It takes place once in two years.
The jatara epitomises the courage displayed by the mother-daughter duo, along with other family members, in the struggle against a despotic regime bent on collecting taxes from the people of Medaram during turbulent times induced by severe drought.
The jatara symbolizes the traditions and heritage of the Koya tribal people.
Bhumi Panduga Festival
Question 9 of 10
9. Question
2 points
Consider the following statements regarding the Swap Deer:
1)It is categorized as vulnerable by the IUCN.
2)It is the state animal of Uttar Pradesh and Madhya Pradesh.
3)The swamp deer differs from all other Indian deer species; the antlers of swamp deer carry more than three tines.
Which of the above statement(s) is/are correct?
Correct
Answer : d
Dip in eastern swamp deer population in Kaziranga National Park.
Swamp Deer
Barasingha, (Cervus duvauceli), also called swamp deer, graceful deer, dolhorina belongs to the family Cervidae (order Artiodactyla).
Swamp Deer Stags have 10 to 14-tine antlers, which explains their Hindi name, barasingha, or twelve-horned.
Habitat – Barasingha are found in open forests and grasslands of India and Nepal.
Incorrect
Answer : d
Dip in eastern swamp deer population in Kaziranga National Park.
Swamp Deer
Barasingha, (Cervus duvauceli), also called swamp deer, graceful deer, dolhorina belongs to the family Cervidae (order Artiodactyla).
Swamp Deer Stags have 10 to 14-tine antlers, which explains their Hindi name, barasingha, or twelve-horned.
Habitat – Barasingha are found in open forests and grasslands of India and Nepal.
Question 10 of 10
10. Question
2 points
Consider the following statements regarding Web3:
1)Web3 enables peer to peer transaction by eliminating the role of the intermediary.
2)The spirit of Web3 is Decentralized Autonomous Organization (DAO), meaning there is no need for a central authority to authenticate or validate.
Which of the above statement(s) is/are correct?
Correct
Answer : c
The concept of Web3, also called Web 3.0, used to describe a potential next phase of the internet, created quite a buzz in 2021.
Web3
The model, a decentralized internet to be run on block chain technology, would be different from the versions in use, Web 1.0 and Web 2.0.
In web3, users will have ownership stakes in platforms and applications unlike now where tech giants control the platform.
Web 1.0
Incorrect
Answer : c
The concept of Web3, also called Web 3.0, used to describe a potential next phase of the internet, created quite a buzz in 2021.
Web3
The model, a decentralized internet to be run on block chain technology, would be different from the versions in use, Web 1.0 and Web 2.0.
In web3, users will have ownership stakes in platforms and applications unlike now where tech giants control the platform.
Web 1.0