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We are posting today’s 10pm Current Affairs Quiz
Daily Quiz: Apr 20 2021
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- Question 1 of 10
1. Question
1 pointsCategory: current affairsConsider the following statements regarding the Power of President to promulgate Ordinances:
1. It has the same force and effect as an Act of Parliament.
2. It may be withdrawn at any time by the President.
Which of the statements given above is/are correct?
Correct
Both statements are correct. The Article 123 of the Constitution states that;
— If at any time, except when both Houses of Parliament are in session, the President is satisfied that circumstances exist which render it necessary for him to take immediate action, he may promulgate such Ordinances as the circumstances appear to him to require.
— An Ordinance promulgated under this article shall have the same force and effect as an Act of Parliament, but every such Ordinance—
–shall be laid before both Houses of Parliament and shall cease to operate at the expiration of six weeks from the reassembly of Parliament, or, if before the expiration of that period resolutions disapproving it are passed by both Houses, upon the passing of the second of those resolutions; and
–may be withdrawn at any time by the President.
Incorrect
Both statements are correct. The Article 123 of the Constitution states that;
— If at any time, except when both Houses of Parliament are in session, the President is satisfied that circumstances exist which render it necessary for him to take immediate action, he may promulgate such Ordinances as the circumstances appear to him to require.
— An Ordinance promulgated under this article shall have the same force and effect as an Act of Parliament, but every such Ordinance—
–shall be laid before both Houses of Parliament and shall cease to operate at the expiration of six weeks from the reassembly of Parliament, or, if before the expiration of that period resolutions disapproving it are passed by both Houses, upon the passing of the second of those resolutions; and
–may be withdrawn at any time by the President.
- Question 2 of 10
2. Question
1 pointsCategory: current affairsWhich of the following is/are powers of the Reserve Bank of India (RBI)?
1. inspect the bank and its books and accounts
2. direct the bank to initiate insolvency resolution process in respect of a default
3. inspect for compliance with the Foreign Exchange Management Act, 1999
Select the correct answer using the code given below:
Correct
The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks. Under the provisions of the Banking Regulation Act, 1949, it can:
–inspect the bank and its books and accounts;
–examine on oath any director or other officer of the bank;
–cause a scrutiny to be made of the affairs of the bank;
–give directions to secure the proper management of the bank;
–call for any information of account details;
–direct the bank to initiate insolvency resolution process in respect of a default, under the provisions of Insolvency and Bankruptcy Code, 2016.
RBI has powers under other laws as well, which include, inter alia, the power under section 12 of the Foreign Exchange Management Act, 1999 to inspect for compliance with the Act and rules etc. made there under.
Incorrect
The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks. Under the provisions of the Banking Regulation Act, 1949, it can:
–inspect the bank and its books and accounts;
–examine on oath any director or other officer of the bank;
–cause a scrutiny to be made of the affairs of the bank;
–give directions to secure the proper management of the bank;
–call for any information of account details;
–direct the bank to initiate insolvency resolution process in respect of a default, under the provisions of Insolvency and Bankruptcy Code, 2016.
RBI has powers under other laws as well, which include, inter alia, the power under section 12 of the Foreign Exchange Management Act, 1999 to inspect for compliance with the Act and rules etc. made there under.
- Question 3 of 10
3. Question
1 pointsCategory: current affairsThe Sudarshan Sen Committee has been set up by Reserve Bank of India for what purpose?
Correct
The RBI recently set up a committee headed by Sudarshan Sen, former executive director, Reserve Bank of India (RBI) to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements. The panel will:
–review the existing legal and regulatory framework applicable to ARCs and recommend measures to improve efficacy of ARCs.
–review the role of ARCs in the resolution of stressed assets, including under the Insolvency and Bankruptcy Code (IBC), and give suggestions for improving liquidity in and trading of security receipts.
–review the business models of ARCs.
Incorrect
The RBI recently set up a committee headed by Sudarshan Sen, former executive director, Reserve Bank of India (RBI) to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements. The panel will:
–review the existing legal and regulatory framework applicable to ARCs and recommend measures to improve efficacy of ARCs.
–review the role of ARCs in the resolution of stressed assets, including under the Insolvency and Bankruptcy Code (IBC), and give suggestions for improving liquidity in and trading of security receipts.
–review the business models of ARCs.
- Question 4 of 10
4. Question
1 pointsCategory: current affairsConsider the following statements regarding the Ken-Betwa linking project:
1. Uttar Pradesh and Madhya Pradesh have signed a tripartite agreement with the Centre for implementation of the project.
2. It aims to transfer surplus water from the Betwa basin to the deficit Ken basin.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct. India’s first river interlinking project, connecting the Ken and Betwa rivers in Madhya Pradesh and Uttar Pradesh, is finally set to be implemented. After resolving their differences over sharing of water, the chief ministers of UP and MP on March 22 signed a tripartite agreement with the Centre.
Statement 2 is incorrect. The project aims to transfer “surplus” water from the Ken basin in M.P. to the “deficit” Betwa basin in U.P.
The Ken-Betwa project is part of the national river linking project which proposes to connect 14 Himalayan and 16 peninsular rivers with 30 canals and 3,000 reservoirs in order to irrigate 87 million hectares of land. It has the status of a national project, as the Centre will contribute 90% of the cost.
Incorrect
Statement 1 is correct. India’s first river interlinking project, connecting the Ken and Betwa rivers in Madhya Pradesh and Uttar Pradesh, is finally set to be implemented. After resolving their differences over sharing of water, the chief ministers of UP and MP on March 22 signed a tripartite agreement with the Centre.
Statement 2 is incorrect. The project aims to transfer “surplus” water from the Ken basin in M.P. to the “deficit” Betwa basin in U.P.
The Ken-Betwa project is part of the national river linking project which proposes to connect 14 Himalayan and 16 peninsular rivers with 30 canals and 3,000 reservoirs in order to irrigate 87 million hectares of land. It has the status of a national project, as the Centre will contribute 90% of the cost.
- Question 5 of 10
5. Question
1 pointsCategory: current affairsConsider the following statements regarding the Dexamethasone:
1. It is an antiviral drug.
2. It is used for its anti-inflammatory and immunosuppressant effects.
Which of the statements given above is/are correct?
Correct
Dexamethasone is a corticosteroid used in a wide range of conditions for its anti-inflammatory and immunosuppressant effects.
It was tested in hospitalized patients with COVID-19 in the United Kingdom’s national clinical trial RECOVERY and was found to have benefits for critically ill patients.
According to preliminary findings shared with WHO, for patients on ventilators, the treatment was shown to reduce mortality by about one third, and for patients requiring only oxygen, mortality was cut by about one fifth.
Incorrect
Dexamethasone is a corticosteroid used in a wide range of conditions for its anti-inflammatory and immunosuppressant effects.
It was tested in hospitalized patients with COVID-19 in the United Kingdom’s national clinical trial RECOVERY and was found to have benefits for critically ill patients.
According to preliminary findings shared with WHO, for patients on ventilators, the treatment was shown to reduce mortality by about one third, and for patients requiring only oxygen, mortality was cut by about one fifth.
- Question 6 of 10
6. Question
1 pointsCategory: current affairsConsider the following statements:
- Genetic modification (GM) technology allows the transfer of genes for specific traits between species.
- GM Mustard is the only GM crop approved in India.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct. Genetically modified organisms (GMOs) can be defined as organisms (i.e. plants, animals or microorganisms) in which the genetic material (DNA) has been altered in a way that does not occur naturally by mating and/or natural recombination. Genetic modification (GM) technology allows the transfer of genes for specific traits between species.
Statement 2 is incorrect. Bt Cotton is the only GM crop introduced in India in 2002. Bt brinjal was recommended for commercialisation in October 2009, after it completed regulatory evaluation in seven years, and is still under moratorium.
Incorrect
Statement 1 is correct. Genetically modified organisms (GMOs) can be defined as organisms (i.e. plants, animals or microorganisms) in which the genetic material (DNA) has been altered in a way that does not occur naturally by mating and/or natural recombination. Genetic modification (GM) technology allows the transfer of genes for specific traits between species.
Statement 2 is incorrect. Bt Cotton is the only GM crop introduced in India in 2002. Bt brinjal was recommended for commercialisation in October 2009, after it completed regulatory evaluation in seven years, and is still under moratorium.
- Question 7 of 10
7. Question
1 pointsCategory: current affairsWhich of the following gene editing can be done through CRISPR-Cas9 system?
- Deleting fragment of DNA
- Inserting a new gene
Select the correct answer using the code given below:
Correct
Clustered Regularly Interspaced Short Palindromic Repeats of genetic information that some bacterial species use as part of an antiviral system. A CRISPR-associated (Cas) endonuclease, or enzyme, that acts as “molecular scissors” to cut DNA at a location specified by a guide RNA.
Three main categories of genetic edits can be performed with CRISPR/Cas9:
–DISRUPT: If a single cut is made, a process called non-homologous end joining can result in the addition or deletion of base pairs, disrupting the original DNA sequence and causing gene inactivation
–DELETE: A larger fragment of DNA can be deleted by using two guide RNAs that target separate sites. After cleavage at each site, non-homologous end joining unites the separate ends, deleting the intervening sequence.
–CORRECT OR INSERT: Adding a DNA template alongside the CRISPR/Cas9 machinery allows the cell to correct a gene, or even insert a new gene, using a process called homology directed repair.
Incorrect
Clustered Regularly Interspaced Short Palindromic Repeats of genetic information that some bacterial species use as part of an antiviral system. A CRISPR-associated (Cas) endonuclease, or enzyme, that acts as “molecular scissors” to cut DNA at a location specified by a guide RNA.
Three main categories of genetic edits can be performed with CRISPR/Cas9:
–DISRUPT: If a single cut is made, a process called non-homologous end joining can result in the addition or deletion of base pairs, disrupting the original DNA sequence and causing gene inactivation
–DELETE: A larger fragment of DNA can be deleted by using two guide RNAs that target separate sites. After cleavage at each site, non-homologous end joining unites the separate ends, deleting the intervening sequence.
–CORRECT OR INSERT: Adding a DNA template alongside the CRISPR/Cas9 machinery allows the cell to correct a gene, or even insert a new gene, using a process called homology directed repair.
- Question 8 of 10
8. Question
1 pointsCategory: current affairsConsider the following statements regarding the Ingenuity Helicopter:
- It has tested powered, controlled flight on another planet for the first-time ever.
- It landed on Mars along with the Perseverance rover.
Which of the statements given above is/are correct?
Correct
The Mars Helicopter, Ingenuity, is a technology demonstration to test powered flight on another world for the first time. It hitched a ride to Mars on the Perseverance rover. Once the rover reached a suitable “helipad” location, it released Ingenuity to the surface so it could perform a series of test flights over a 30-Martian-day experimental window. The first flight was successfully performed on April 19, 2021.
For the first flight, the helicopter took off, climbed to about 10 feet (3 meters) above the ground, hovered in the air briefly, completed a turn, and then landed.
Incorrect
The Mars Helicopter, Ingenuity, is a technology demonstration to test powered flight on another world for the first time. It hitched a ride to Mars on the Perseverance rover. Once the rover reached a suitable “helipad” location, it released Ingenuity to the surface so it could perform a series of test flights over a 30-Martian-day experimental window. The first flight was successfully performed on April 19, 2021.
For the first flight, the helicopter took off, climbed to about 10 feet (3 meters) above the ground, hovered in the air briefly, completed a turn, and then landed.
- Question 9 of 10
9. Question
1 pointsCategory: current affairsIndia and Russia both are members to which of the following groups?
- G20
- Shanghai CooperationOrganisation
- Collective Security Treaty Organization
Select the correct answer using the code given below:
Correct
The G20 comprises 19 countries and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States.
The Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation. The SCO currently comprises eight Member States (China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan).
The Collective Security Treaty Organization (CSTO) is an intergovernmental military alliance in Eurasia that consists of selected post-Soviet states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
Incorrect
The G20 comprises 19 countries and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States.
The Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation. The SCO currently comprises eight Member States (China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan).
The Collective Security Treaty Organization (CSTO) is an intergovernmental military alliance in Eurasia that consists of selected post-Soviet states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
- Question 10 of 10
10. Question
1 pointsCategory: current affairsConsider the following statements regarding the European Council:
- The members of the European Council are the heads of state or government of the 27 EU member states.
- It is one of the EU’s legislating institutions.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct. The members of the European Council are the heads of state or government of the 27 EU member states, the European Council President and the President of the European Commission.
Statement 2 is incorrect. The European Council defines the EU’s overall political direction and priorities. It is not one of the EU’s legislating institutions, so does not negotiate or adopt EU laws. Instead, it sets the EU’s policy agenda, traditionally by adopting ‘conclusions’ during European Council meetings which identify issues of concern and actions to take.
Incorrect
Statement 1 is correct. The members of the European Council are the heads of state or government of the 27 EU member states, the European Council President and the President of the European Commission.
Statement 2 is incorrect. The European Council defines the EU’s overall political direction and priorities. It is not one of the EU’s legislating institutions, so does not negotiate or adopt EU laws. Instead, it sets the EU’s policy agenda, traditionally by adopting ‘conclusions’ during European Council meetings which identify issues of concern and actions to take.