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We are posting today’s 10pm Current Affairs Quiz
Daily Quiz: Apr 24 2021
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- Question 1 of 10
1. Question
1 pointsCategory: current affairsConsider the following statements regarding Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA):
- It provides guaranteed 100 days of wage employment per year to each rural household.
- It is a demand driven scheme.
- Minimum one-third of the workers should be women.
Which of the above statements is/are correct?
Correct
What is MGNREGA?
- The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is an employment guarantee act.
- It was introduced in 2005 through the National Rural Employment Guarantee Act, 2005.
- In 2010, NREGA renamed as MGNREGA.
Objectives:
- To provide guaranteed 100 days of wage employment per year to each rural household
- Creation of durable rural assets
- Social inclusion of women, SCs and STs
- Strengthen the Panchayati Raj Institutions
Key Features:
- Demand driven scheme: Worker to be hired when he demands and not when the Government wants it.
- Gram Panchayat is mandated to provide employment with 15 days of work application, failing which worker is entitled to unemployment allowance
- Payment of wages within 15 days of competition of work, failing which worker is entitled to delay compensation of 0.05%/ day of wages earned
- Minimum one-third of the workers should be women.
- Wages to be paid according to the Minimum Wages Act 1948 for agricultural labourers in the State
- Social Audit to be done by Gram Sabha
Incorrect
What is MGNREGA?
- The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is an employment guarantee act.
- It was introduced in 2005 through the National Rural Employment Guarantee Act, 2005.
- In 2010, NREGA renamed as MGNREGA.
Objectives:
- To provide guaranteed 100 days of wage employment per year to each rural household
- Creation of durable rural assets
- Social inclusion of women, SCs and STs
- Strengthen the Panchayati Raj Institutions
Key Features:
- Demand driven scheme: Worker to be hired when he demands and not when the Government wants it.
- Gram Panchayat is mandated to provide employment with 15 days of work application, failing which worker is entitled to unemployment allowance
- Payment of wages within 15 days of competition of work, failing which worker is entitled to delay compensation of 0.05%/ day of wages earned
- Minimum one-third of the workers should be women.
- Wages to be paid according to the Minimum Wages Act 1948 for agricultural labourers in the State
- Social Audit to be done by Gram Sabha
- Question 2 of 10
2. Question
1 pointsCategory: current affairsConsider the following statements regarding oath mentioned in the Constitution of India
- The President of India and the Governor of a state will swear an oath to uphold the constitution and the laws.
- The Judges of the Supreme court and High Court will swear an oath to preserve, protect and defend the Constitution.
Which of the statements given above is/are correct?
Correct
Statements are interchanged.
- The President of India and the Governor of a state will swear an oath to preserve, protect and defend the Constitution.
- The Judges of the Supreme court and High Court will swear an oath to uphold the constitution and the laws.
Incorrect
Statements are interchanged.
- The President of India and the Governor of a state will swear an oath to preserve, protect and defend the Constitution.
- The Judges of the Supreme court and High Court will swear an oath to uphold the constitution and the laws.
- Question 3 of 10
3. Question
1 pointsCategory: current affairsSC Garg Committee was sometimes seen in the news. Which of the following exactly describes the committee?
Correct
- With the growth of digital currencies worldwide, various start-ups dealing with cryptocurrency have come up in India, such as Unocoin in 2013 and Zebpay in 2014. Further, their volatility is a cause of concern for India.
- The committee suggested a ban on private digital currencies, but it favors RBI backed National Digital Currency or central bank digital currency (CBDC). Further, the committee also drafted a bill Banning of Cryptocurrency & Regulation of Official Digital Currency Bill.
Incorrect
- With the growth of digital currencies worldwide, various start-ups dealing with cryptocurrency have come up in India, such as Unocoin in 2013 and Zebpay in 2014. Further, their volatility is a cause of concern for India.
- The committee suggested a ban on private digital currencies, but it favors RBI backed National Digital Currency or central bank digital currency (CBDC). Further, the committee also drafted a bill Banning of Cryptocurrency & Regulation of Official Digital Currency Bill.
- Question 4 of 10
4. Question
1 pointsCategory: current affairsConsider the following pairs
- Sweden : Krona
- UAE : Sand Dollar
- China : e-RMB
Which of the above pair of cryptocurrencies are in correct?
Correct
- Sweden is conducting real-world trials of their digital currency (krona)
- The Bahamas already issued their digital currency “Sand Dollar” to all citizens
- China started a trial run of their digital currency e- RMB amid pandemic. They plan to implement pan-china in 2022. This is the first national digital currency operated by a major economy
Incorrect
- Sweden is conducting real-world trials of their digital currency (krona)
- The Bahamas already issued their digital currency “Sand Dollar” to all citizens
- China started a trial run of their digital currency e- RMB amid pandemic. They plan to implement pan-china in 2022. This is the first national digital currency operated by a major economy
- Question 5 of 10
5. Question
1 pointsCategory: current affairsConsider the following statements regarding RESPOND program:
- Under the program, ISRO provides financial support for conducting research & development activities to further biodiversity conservation.
- Program is managed by Centre for Science & Environment
Which of the above statements is/are correct?
Correct
Both statements are incorrect
- Statement 1 is incorrect:
- ISRO launched the RESPOND (Research Sponsored) programme in the 1970s.
- Objective: The objective is to establish strong links with premier academic institutions through financial assistance to carry out R&D projects relevant to space. Further, ISRO will derive useful outputs of such R&D projects and use that in ISRO programmes
- Under the programme, ISRO provides financial support for conducting research and development activities. Projects related to space science, space technology and space applications in universities and academic institutions in India will get such financial support.
- Statement 2 is incorrect: The programme is under the administration of the Physical Research Laboratory (PRL). PRL is an autonomous unit under the Department of Space.
Incorrect
Both statements are incorrect
- Statement 1 is incorrect:
- ISRO launched the RESPOND (Research Sponsored) programme in the 1970s.
- Objective: The objective is to establish strong links with premier academic institutions through financial assistance to carry out R&D projects relevant to space. Further, ISRO will derive useful outputs of such R&D projects and use that in ISRO programmes
- Under the programme, ISRO provides financial support for conducting research and development activities. Projects related to space science, space technology and space applications in universities and academic institutions in India will get such financial support.
- Statement 2 is incorrect: The programme is under the administration of the Physical Research Laboratory (PRL). PRL is an autonomous unit under the Department of Space.
- Question 6 of 10
6. Question
1 pointsCategory: current affairsWith reference to Distributed Ledger Technology, consider the following statements:
- DLT can potentially improve access to finance for unbanked populations
- It enables recording of interactions, without a need for a centrally coordinating authority
- Blockchain is a type of DLT
Which of the above statements is/are correct?
Correct
All statements are correct
- DLT is a decentralized database managed by multiple participants, across multiple nodes. Blockchain is a type of DLT where transactions are recorded with an immutable cryptographic signature called a hash. The transactions are then grouped in blocks and each new block includes a hash of the previous one, chaining them together, hence why distributed ledgers are often called blockchains.
- Blockchain/ DLT are the building block of “internet of value,” and enable recording of interactions and transfer “value” peer-to-peer, without a need for a centrally coordinating entity. “Value” refers to any record of ownership of asset — for example, money, securities, land titles — and also ownership of specific information like identity, health information and other personal data.
- DLT could increase efficiency and lower remittance costs, and potentially improve access to finance for unbanked populations, who are currently outside the traditional financial system
Incorrect
All statements are correct
- DLT is a decentralized database managed by multiple participants, across multiple nodes. Blockchain is a type of DLT where transactions are recorded with an immutable cryptographic signature called a hash. The transactions are then grouped in blocks and each new block includes a hash of the previous one, chaining them together, hence why distributed ledgers are often called blockchains.
- Blockchain/ DLT are the building block of “internet of value,” and enable recording of interactions and transfer “value” peer-to-peer, without a need for a centrally coordinating entity. “Value” refers to any record of ownership of asset — for example, money, securities, land titles — and also ownership of specific information like identity, health information and other personal data.
- DLT could increase efficiency and lower remittance costs, and potentially improve access to finance for unbanked populations, who are currently outside the traditional financial system
- Question 7 of 10
7. Question
1 pointsCategory: current affairsNet-zero emissions is a no longer an option but an undeniable necessity. Consider the statements below:
- Net-zero emissions would be achieved when all of the Carbon-Dioxide emissions are taken out from the atmosphere
- The concept of net-zero emissions is similar to climate neutrality.
Which of the above statements is/are correct?
Correct
- Statement 1 is incorrect: We will achieve net-zero emissions when any remaining human-caused GHG emissions (not just CO2) are balanced out by removing GHGs from the atmosphere in a process known as carbon removal.
- Statement 2 is correct: Climate Neutrality refers to the mitigation of all greenhouse gases (GHG), not just carbon dioxide. Note that carbon neutrality and climate neutrality are both different things. Climate neutrality is more inclusive while carbon neutrality only talks of carbon dioxide.
Incorrect
- Statement 1 is incorrect: We will achieve net-zero emissions when any remaining human-caused GHG emissions (not just CO2) are balanced out by removing GHGs from the atmosphere in a process known as carbon removal.
- Statement 2 is correct: Climate Neutrality refers to the mitigation of all greenhouse gases (GHG), not just carbon dioxide. Note that carbon neutrality and climate neutrality are both different things. Climate neutrality is more inclusive while carbon neutrality only talks of carbon dioxide.
- Question 8 of 10
8. Question
1 pointsCategory: current affairsWhich of the following is a potential impact of weakening of rupee against the dollar?
- Imports will be costlier
- Increased inflation
- Reduction in cost of external borrowing
Select your answer from the codes given below:
Correct
- A weak rupee against the dollar makes imports costlier (Same commodity will cost more in dollars now). Some imports cannot be cut down such as oil, which can negatively affect India’s current account deficit.
- This also poses an inflationary risk given that imports are costlier when the currency depreciates. Costlier oil means costlier vegetables and groceries since transportation costs go up.
- The external borrowing costs for Indian firms also moves up due to rupee weakening. This may dampen industry borrowing and slower economic growth
Incorrect
- A weak rupee against the dollar makes imports costlier (Same commodity will cost more in dollars now). Some imports cannot be cut down such as oil, which can negatively affect India’s current account deficit.
- This also poses an inflationary risk given that imports are costlier when the currency depreciates. Costlier oil means costlier vegetables and groceries since transportation costs go up.
- The external borrowing costs for Indian firms also moves up due to rupee weakening. This may dampen industry borrowing and slower economic growth
- Question 9 of 10
9. Question
1 pointsCategory: current affairsWhich one of the following organization releases Energy Transition Index 2021?
Correct
The World Economic Forum (WEF) has released the Energy Transition Index, 2021.
About Energy Transition Index (ETI), 2021:
Energy Transition Index is an annual report by the World Economic Forum (WEF). It prepares the report in collaboration with Accenture.
Purpose: The ranking aims to enable policy-makers and businesses to plan for a successful energy transition.
Incorrect
The World Economic Forum (WEF) has released the Energy Transition Index, 2021.
About Energy Transition Index (ETI), 2021:
Energy Transition Index is an annual report by the World Economic Forum (WEF). It prepares the report in collaboration with Accenture.
Purpose: The ranking aims to enable policy-makers and businesses to plan for a successful energy transition.
- Question 10 of 10
10. Question
1 pointsCategory: current affairsWith reference to findings of ‘the State of the Global Climate 2020’, which of the following statement(s) is/are correct?
- 2020 was the warmest year on record.
- La Niña induced cooling resulted in drop in sea level in 2020.
- emission of major greenhouse gases increased in 2019 and 2020
Answer using the codes given below
Correct
Statement 1 is incorrect. 2020 was one of the three warmest years on record, despite a cooling La Niña event. The global average temperature was about 1.2° Celsius above the pre-industrial (1850-1900) level.
Statement 2 is correct. Since record-taking started in 1993 using the satellite altimeter, sea-level has been rising. However, there was a blip in summer of 2020 that recorded a drop in sea level. The WMO report says it is due to the La Niña induced cooling.
Statement 3 is correct. Notwithstanding the economic slowdown due to the COVID-19 pandemic, emission of major greenhouse gases increased in 2019 and 2020. More to it, the level of greenhouse gas emission will be higher in 2021.
Incorrect
Statement 1 is incorrect. 2020 was one of the three warmest years on record, despite a cooling La Niña event. The global average temperature was about 1.2° Celsius above the pre-industrial (1850-1900) level.
Statement 2 is correct. Since record-taking started in 1993 using the satellite altimeter, sea-level has been rising. However, there was a blip in summer of 2020 that recorded a drop in sea level. The WMO report says it is due to the La Niña induced cooling.
Statement 3 is correct. Notwithstanding the economic slowdown due to the COVID-19 pandemic, emission of major greenhouse gases increased in 2019 and 2020. More to it, the level of greenhouse gas emission will be higher in 2021.