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Daily Quiz: UPSC Prelims Marathon: June 9

free upsc prelims questions and answers by forumias


[WpProQuiz 168]

 

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Update: Prelims Marathon and good luck for Prelims!


Hello Friends,

Today will be the last post of Prelims Marathon for this month.

We will resume Prelims Marathon from next month, with a new plan. It will be more Current Affairs oriented.

Till then, good luck for Prelims. We are sure that you will do well.

Note: Mains Marathon will continue as usual 🙂


 

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Daily Quiz: UPSC Prelims Marathon: June 8

free upsc prelims questions and answers by forumias


[WpProQuiz 167]

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Daily Quiz: UPSC Prelims Marathon: June 7

free upsc prelims questions and answers by forumias


[WpProQuiz 166]

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Daily Quiz: UPSC Prelims Marathon: June 6

free upsc prelims questions and answers by forumias


[WpProQuiz 165]

 

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Answers and Explanation: Economy Quiz, June 5



Following are the solutions of the Economy Quiz, June 5


Note: Find the Questions Here


1. b)

Statement 1 is incorrect. Geographical Indications of Goods are defined as that aspect of industrial property which refer to the geographical indication referring to a country or to a place situated therein as being the country or place of origin of that product.

Under Articles 1 (2) and 10 of the Paris Convention for the Protection of Industrial Property, geographical indications are covered as an element of IPRs.

GIs are also covered under Articles 22 to 24 of the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement, which was part of the Agreements concluding the Uruguay Round of GATT negotiations.

Statement 2 is correct. A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place.For example, Blue pottery of Jaipur.

A Geographical Indication right enables those who have the right to use the indication to prevent its use by a third party whose product does not conform to the applicable standards. For example, in the jurisdictions in which the Darjeeling geographical indication is protected, producers of Darjeeling tea can exclude the use of the term “Darjeeling” for tea not grown in their tea gardens or not produced according to the standards set out in the code of practice for the geographical indication.

Statement 3 is incorrect. It is the West Bengal government that is planning to provide GI tag for four Bengali sweets; that are Moa’ of Jainagar, ‘Sarpuria’ of Krishnagar, and ‘Sitabhog’ and ‘Mihidana’ of Burdwan.


2. b)

Statement 1 is incorrect.Under the Price Deficiency Payment system if the price in an Agriculture Produce Market Committee (APMC) mandi fell below the MSP (Minimum support Price) then the farmer would be entitled to a maximum of, say, 50 percent of the difference between the MSP and the market price.

Statement 2 is correct. The mechanism entails paying the benefit directly to the affected farmers. For instance, if a farmer sells maize at Rs 900 per quintal against the MSP of Rs 1,325 per quintal, the deficiency of Rs 425 per quintal should be directly transferred to the bank account of the concerned farmer according to the authentic documents which he possesses to claim the benefit.Such a system would keep the quantum of the subsidy bill in check and also be consistent with India’s obligations to the WTO.


3. d)

Integrated Child Development Services (ICDS) Scheme:

Launched on 2nd October, 1975, the Integrated Child Development Services (ICDS) Scheme is one of the flagship programmes of the Government of India and represents one of the world’s largest and unique programmes for early childhood care and development. It is the foremost symbol of country’s commitment to its children and nursing mothers, as a response to the challenge of providing pre-school non-formal education on one hand and breaking the vicious cycle of malnutrition, morbidity, reduced learning capacity and mortality on the other. The beneficiaries under the Scheme are children in the age group of 0-6 years, pregnant women and lactating mothers.

Objectives of the Scheme are:

1. To improve the nutritional and health status of children in the age-group 0-6 years;

2. To lay the foundation for proper psychological, physical and social development of the child;

3. To reduce the incidence of mortality, morbidity, malnutrition and school dropout;

4. To achieve effective co-ordination of policy and implementation amongst the various departments to promote child development; and

5. To enhance the capability of the mother to look after the normal health and nutritional needs of the child through proper nutrition and health education.

The ICDS Scheme offers a package of six services. They are:

1.Supplementary Nutrition

2.Pre-school non-formal education

3.Nutrition & health education

4.Immunization

5.Health check-up and

6.Referral services


4. b)

Direct benefit transfer would reduce the leakage of subsidy and would reduce wasteful expenditure. Also, policy reforms such as increasing FDI limits will lead to more investments in the Indian economy and that will automatically increase productivity and tax collection. Hence, these steps would promote fiscal consolidation.

Fiscal consolidation is a process where government’s fiscal health getting improved indicated by reduced fiscal deficit which is manageable and bearable for the economy. Improved tax revenue realization and better aligned expenditure are thus components of fiscal consolidation.

In India, fiscal deficit is the king indicator to show the fiscal health of the government. Effectively, fiscal deficit indicates the amount of government borrowing for that particular year.

Excess fiscal deficit produces some adverse effects. For the government, it causes interest payment burden and for the economy it produces inflationary effect, and rising interest rate in the economy.Enactment of food security laws will increase the revenue expenditure.

Fiscal consolidation in India

In India, fiscal consolidation or the fiscal roadmap for the centre is expressed in terms of the budgetary targets (fiscal deficit and revenue deficit) to be realized in successive budgets. The Fiscal Responsibility and Budget Management (FRBM) Act gives the targets for fiscal consolidation in India. According to FRBM, the government should eliminate revenue deficit and reduce fiscal deficit to 3% (medium term) of the GDP. Following measures from the expenditure side and revenue side are envisaged by the government to achieve fiscal consolidation.

• Improved tax revenue realization: For this, increasing efficiency of tax administration by reducing tax avoidance, eliminating tax evasion, enhancing tax compliance etc. are to be made.• Enhancing tax GDP ratio by widening the tax base and minimizing tax concessions and exemptions also improves tax revenues.

• Better targeting of government subsidies and extending Direct Benefit Transfer scheme for more subsidies

• Higher economic growth rate will help government to get higher tax revenues as well. Augmentation of tax revenue is necessary to bring fiscal consolidation as there are limitations for reducing government expenditure in India.


5. c)

Most favoured nation: The tem means the country which is the recipient of this treatment must, normally, receive equal advantages as the ‘most favoured nation’ by the country granting such treatment.

In effect, a country that has been accorded MFN status may not be treated less advantageously than any other country with MFN status by the promising country.


 

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Prelims Marathon: Economy Quiz, June 5



Solve these Questions & Write your answers in the comment section below

(Note: Solutions would be provided soon.)


Q.1. With reference to the Geographical Indications (GI) tag, consider the following statements:

1. GI is governed by World Bank Group.

2. It helps consumers to get quality products of desired traits 3. A sweet delicacy ‘Sitabhog’ belonging to Odisha is being planned for GI tag by Odisha government.

Which of the statement(s) given above is/are correct?

a) 1 and 2 only

b) 2 only

c) 1 and 3 only

d) 1, 2 and 3 


Q.2. With reference to the “Price Deficiency Payment”, consider the following statements:

1. It is offered when the Minimum Support Price is below the mandi price.

2. The mechanism entails paying the benefit directly to the affected farmers. Which of the statement(s) given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2


Q.3. Which among the following are the services available to children under Integrated Child Development Services (ICDS) scheme?

1. Nutrition

2. Immunization

3. Pre-school non-formal education

Select the correct answer using the codes given below

a) 1 and 2 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2 and 3


Q.4. Which of the following policies can be adopted to promote ‘fiscal consolidation’?

1. Increasing FDI in insurance

2. Enactment of food security laws

3. Direct Benefit Transfer

Select the correct answer using the codes given below.

a) 2 and 3 only

b) 1 and 3 only

c) 2 only

d) 1, 2 and 3


Q.5. With reference to the affairs of World Trade Organization, the Most Favoured Nation (MFN) status implies:

1. Granting a higher status to one country with respect to the other trading partners.

2. Lowering the custom duties for that country as a special privilege.

3. Non-discriminatory treatment by one country towards the other country with regard to trade in goods and services.

Select the correct answer using the codes given below.

a) 1 only

b) 2 and 3 only

c) 3 only

d) 1, 2 and 3


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Daily Quiz

Answers and Explanation: Current Affairs Practice Quiz, June 3

 



Following are the solutions of the Current Affairs Practice Quiz, June 3:


Note: Find the Questions Here 


1)

Ans) a

Exp)

Blockchain is a public ledger that enables historical recording of all transactions that has occurred in a
network in a way that it cannot be altered.

The system works like a shared Google spreadsheet, but much more potent and secure. So, each transaction gets recorded on the spreadsheet for all in the system to see, but one can only make
changes once all parties agree to augmenting it.


2)

Ans) a

Exp

Prime Minister inaugurated India’s first international exchange –India INX — at the International Financial Service Centre (IFSC) of GIFT City.

A subsidiary of Bombay Stock Exchange, India INX is one of the world’s most advanced technology platforms with a turn-around-time of 4 micro seconds which will operate for 22 hours a day, allowing
international investors and NRIs to trade from anywhere across the globe.

INX will trade initially in equity derivatives, currency derivatives, commodity derivatives including index and stocks. It plans to offer depository receipts and bonds later.


3)

Ans) b

Exp)

The treatment of stenosis (abnormal narrowing) at the branching points of arteries is a major challenge for Interventional Cardiologists

‘Nano Crush’ – a breakthrough technique for stenting of branching arteries – has been developed by a team of doctors at Fortis Hospital, Anandapur in Kolkata.


4)

Ans) c

Exp)

North Korea is located in East Asia on the northern half of the Korean Peninsula.

North Korea shares a border with three countries; China along the Amnok River, Russia along the Tumen River, and South Korea along the Korean Demilitarized Zone (DMZ).


5)

Ans) a

Exp)

Art 262 of the constitution provides for adjudication of inter-state water disputes.

Neither the Supreme Court nor any other court shall exercise jurisdiction in respect of any such dispute or complaint as referred under article 262

Hence option a is correct.


 

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Daily Quiz

Prelims Marathon: Current Affairs Practice Quiz, June 3



Solve these Current Affairs Questions & Write your answers in the comment section below

(Note: Solutions would be provided soon.) 


1) Block Chain technology has recently been in news in association with Bit Coins. Which of the following statements are correct in this context?

a) Block Chain is a public ledger that enables historical recording of all Bit Coin transactions that has occurred in a network in a way that it cannot be altered.

b) Block Chain technology is an online encryption software to provide extra safety to the Bit Coins

c) Block Chain technology is used for Bit coin mining.

d) Both a and b


2) India INX is

a) India’s first International Exchange

b) The military exercise between India and Indonesia

c) The international trade fair organized by India recently

d) A pressure group of corporate sector


3) Nano crush technique has been recently been in news. In this context, which of the following statements are correct?

a) It is the latest method to remove complex impurities from drinking water

b) It is a breakthrough technique for stenting of branching arteries

c) It is used to detect Nano particles in the environment, not visible to the eyes.

d) All of the above


4) North Korea do not shares borders with all of the below except?

a) China

b) Russia

c) Japan

d) South Korea


5) Which of the following Articles in the Constitution of India provides for the adjudication of interstate water disputes ?

a) Article 262

b) Article 265

c) Article 362

d) Article 365


 

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Prelims Marathon: Current Affairs Practice Quiz, June 2nd



Solve these Questions and Share your Scores in the comment section below


Q.1) What is the Niryat Bandhu scheme?

a) Skill development classes for the farmers on using technology so that they can export their crops.

b) Aid for the woman entrepreneurs from tribal areas to export handicrafts by the government.

c) Mentoring of first generation entrepreneurs in the field of international trade.

d) Promoting Foreign Trade by providing tax rebates to exporters in distress.


Q.2) Global Microscope Report 2016 is developed by:-

a) World Bank(WB)

b) Organization for Economic Cooperation and Development (OECD)

c) Economist Intelligence Unit(EIU)

d) International Monetary Fund(IMF)


Q.3) Recently, the Government has launched ‘Sugamya Bharat Abhiyan’ to

a) Impart digital literacy.

b) Promote easy filing of tax returns for those who have not been within the tax net yet.

c) Spread awareness about the Right to Education among both children and parents.

d) Achieve universal accessibility of persons with disabilities and create an enabling and barrier free environment.


Q.4) Which of the following agencies implements the ‘Digi-Dhan Vyapar Yojana’?

a) Reserve Bank of India

b) Public sector Banks

c) National Payment Corporation of India

d) SEBI


Q.5)‘SWAYAM’ Programme, recently in news is related to:

a) Improving entrepreneurial skills for educated rural youth.

b) Providing Vocational training to school dropouts

c) Increasing Access to low-cost finance to widows

d) Providing Open Online Courses offered by Professors of centrally funded institutions, being run by the Ministry of Human Resource Development.


Answers and Explanations:


 1) c

Exp)

  • The NiryatBandhu Scheme was announced as part of Foreign Trade Policy 2009-14 in 2011 to focus on mentoring the first generation entrepreneurs in the field of international trade.
  • Under the scheme, officers of DGFT (NiryatBandhu) will be investing time and knowledge to mentor the interested individuals who want to conduct the business in a legal way.
  • The scheme was given a major thrust in the new Foreign Trade Policy 2015-20.
  • A programme called NiryatBandhu@Your Desktop was started last year to facilitate online mentoring.
  • Indian Institute of Foreign Trade (IIFT) has been identified as the nodal agency for implementation of the programme.

2) c

Exp)

It is developed by The Economist Intelligence Unit with support from the Multilateral Investment Fund (a member of the Inter-American Development Bank Group), the Center for Financial Inclusion at
Accion and the Metlife Foundation.

The Global Microscope 2016 report assesses the regulatory environment for financial inclusion across 12
indicators and 55 countries. Peru and Colombia jointly top the rankings.


3) d

Exp)

Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowerment, has formulated the Accessible India Campaign (Sugamya Bharat Abhiyan), as a nation-wide campaign for achieving universal accessibility for PwDs.

The campaign targets three separate verticals for achieving universal accessibility namely the built up environment, transportation eco-system and information & communication eco-system.

Thus, option d is the correct answer.

The campaign has ambitious targets with defined timelines and will use IT and social media for spreading awareness about the campaign and seeking commitment / engagement of various stakeholders.


4) c

Exp)

‘Digi-DhanVyaparYojana’  is an initiative for small businesses – in a bid to boost digital payments in India. This scheme provides prizes for Merchants for all digital transactions conducted at Merchant establishments.

The schemes have been launched to incentivise merchants for using cashless payment methods. 7,000 merchants per week stand to win rewards of Rs. 50,000, Rs, 5,000, and Rs. 2,500 each week.

National Payment Corporation of India is the implementing agency for this scheme.

Additional Information:

National Payment Corporation of India:

  • National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India.
  • During the last five years, the organization has grown multi-fold from 2 million transactions a day to 20 million transactions now.

From a single service of switching of inter-bank ATM transactions, the range of services has grown to Cheque Clearing, Immediate Payments Service (24x7x365), Automated Clearing House, Electronic Benefit Transfer and a domestic card payment network named RuPay to provide an alternative to international card schemes.


5) d

Exp)

SWAYAM seeks to bridge the digital divide for students who have remained untouched by the digital revolution and have not been able to join the mainstream of the knowledge economy. This is done through an indigenous developed IT platform that facilitates hosting of all the courses, taught in classrooms from 9th class till post-graduation to be accessed by anyone, anywhere at any time.

All the courses are interactive, prepared by the best teachers in the country and are available, free of cost to the residents in India. The courses hosted on SWAYAM will be in 4 quadrants – (1) video lecture, (2) specially prepared reading material that can be downloaded/printed (3) self-assessment tests through tests and quizzes and (4) an online discussion forum for clearing the doubts.

Thus, option d is the correct answer.

SWAYAM platform is indigenously developed by Ministry of Human Resource Development (MHRD) and All India Council for Technical Education (AICTE)  and would be ultimately capable of hosting 2000 courses and 80000 hours of learning: covering school, under-graduate, post-graduate, engineering, law and other professional courses.