29th July 2023 Current Affairs Quiz for UPSC Prelims
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Question 1 of 5
1. Question
2 points
Consider the following statements about the Unlawful Activities Prevention Act (UAPA Act) 1967:
a. The Central Government can designate only organisations as terrorists.
b. If the investigation is conducted by an officer of the National Investigation Agency (NIA), the approval of the Director General of NIA would be required for seizure of such property.
c. It empowers the officers of the NIA, of the rank of Inspector or above, to investigate cases.
d. The provisions of Act applies to citizens of India outside India even if the offence is committed beyond India.
e. Unlawful activities is defined under the Act.
How many of the statements given above are correct?
Correct
The answer is c.
Statement 1 is wrong. Statements 2,3,4 and 5 are correct.
Statement 1: The Central Government can designate both organisations and individuals as terrorists.
Statement 2: If the investigation is conducted by an officer of the National Investigation Agency (NIA), the approval of the Director General of NIA would be required for seizure of such property.
Statement 3: It empowers the officers of the NIA, of the rank of Inspector or above, to investigate cases.
Statement 4: The provisions of Act applies to citizens of India outside India even if the offence is committed beyond India.
Statement 5: Unlawful activities is defined under the Act.
Incorrect
The answer is c.
Statement 1 is wrong. Statements 2,3,4 and 5 are correct.
Statement 1: The Central Government can designate both organisations and individuals as terrorists.
Statement 2: If the investigation is conducted by an officer of the National Investigation Agency (NIA), the approval of the Director General of NIA would be required for seizure of such property.
Statement 3: It empowers the officers of the NIA, of the rank of Inspector or above, to investigate cases.
Statement 4: The provisions of Act applies to citizens of India outside India even if the offence is committed beyond India.
Statement 5: Unlawful activities is defined under the Act.
Question 2 of 5
2. Question
2 points
Consider the following statements about International Financial Services Centres Authority (IFSCA) :
a. It is an autonomous body.
b. It is the regulatory body for Indian Special Economic Zones.
c. It can regulate capital markets and banking services outside the IFSCs too.
How many of the statements given above are correct?
Correct
The answer is a.
Statements 1 and 3 are wrong. Statement 2 is correct.
Statement 1: International Financial Services Centres Authority (IFSCA) is a statutory body. It was established in 2020, under the International Financial Services Centres Authority Act, 2019. The International Financial Services Centre (IFSC) is located in Gujarat International Finance Tec-City (GIFT City).
Statement 2: It is the regulatory body for Indian Special Economic Zones.
Statement 3: It can regulate capital markets and banking services in the IFSCs, not outside the IFSCs. Outside the IFSCs, the capital markets are regulated by SEBI and banking services by RBI.
Incorrect
The answer is a.
Statements 1 and 3 are wrong. Statement 2 is correct.
Statement 1: International Financial Services Centres Authority (IFSCA) is a statutory body. It was established in 2020, under the International Financial Services Centres Authority Act, 2019. The International Financial Services Centre (IFSC) is located in Gujarat International Finance Tec-City (GIFT City).
Statement 2: It is the regulatory body for Indian Special Economic Zones.
Statement 3: It can regulate capital markets and banking services in the IFSCs, not outside the IFSCs. Outside the IFSCs, the capital markets are regulated by SEBI and banking services by RBI.
Question 3 of 5
3. Question
2 points
Consider the following:
a. Tether
b. TRON
c. Worldcoin
d. Stellar
How many of the above are cryptocurrencies?
Correct
The answer is d. All the four are cryptocurrencies.
A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralized networks using blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Incorrect
The answer is d. All the four are cryptocurrencies.
A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralized networks using blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Question 4 of 5
4. Question
2 points
Consider the following about the recommendations of the 15th Finance Commission:
Statement I: The share of states in the central taxes for the 2021-26 period is recommended to be 41%, the same as that for 2020-21 which is less than the 42% share recommended by the 14th Finance Commission for 2015-20 period.
Statement II: The adjustment of 1% is to provide for the newly formed union territories of Jammu and Kashmir, and Ladakh from the resources of the centre.
Which one of the following is correct in respect of the above statements?
Correct
The answer is a.
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
The share of states in the central taxes for the 2021-26 period is recommended to be 41%, the same as that for 2020-21 which is less than the 42% share recommended by the 14th Finance Commission for 2015-20 period. The adjustment of 1% is to provide for the newly formed union territories of Jammu and Kashmir, and Ladakh from the resources of the centre.
Incorrect
The answer is a.
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
The share of states in the central taxes for the 2021-26 period is recommended to be 41%, the same as that for 2020-21 which is less than the 42% share recommended by the 14th Finance Commission for 2015-20 period. The adjustment of 1% is to provide for the newly formed union territories of Jammu and Kashmir, and Ladakh from the resources of the centre.
Question 5 of 5
5. Question
2 points
Strait of Malacca connects which of the following?
Correct
The answer is a.
The Strait of Malacca connects Andaman Sea and the South China Sea.
Incorrect
The answer is a.
The Strait of Malacca connects Andaman Sea and the South China Sea.
