UPSC Current Affairs Quiz : 12 August 2024

The Current Affairs Quiz 2024 is a daily quiz based on the DAILY CURRENT AFFAIRS AND PIB SUMMARY from the previous day, as posted on our website. It covers all relevant news sources and is designed to test your knowledge of current events. Solving these questions will help you retain both concepts and facts relevant to the UPSC IAS civil services exam.

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• Question 1 of 10 1. Question 1 points Consider the following statements in the context of Waqf properties in India STATEMENT 1: Waqf properties can be freely sold or transferred. STATEMENT 2: Waqf properties are managed by individual owners. Which of the statements above is/are correct? a) Only STATEMENT 1 b) Only STATEMENT 2 c) BOTH STATEMENTS d) Neither statements Correct Solution: d) STATEMENT 1 EXPLANATION: This statement is false. Once designated as Waqf, the property cannot be sold or transferred. Waqf properties are meant to be perpetual and non-transferable. STATEMENT 2 EXPLANATION: This statement is incorrect. Waqf properties are managed by a mutawali and overseen by Waqf Boards. They are not managed by individual owners but rather by designated authorities for the benefit of the community. Incorrect Solution: d) STATEMENT 1 EXPLANATION: This statement is false. Once designated as Waqf, the property cannot be sold or transferred. Waqf properties are meant to be perpetual and non-transferable. STATEMENT 2 EXPLANATION: This statement is incorrect. Waqf properties are managed by a mutawali and overseen by Waqf Boards. They are not managed by individual owners but rather by designated authorities for the benefit of the community.

#### 1. Question

Consider the following statements in the context of Waqf properties in India

STATEMENT 1: Waqf properties can be freely sold or transferred. STATEMENT 2: Waqf properties are managed by individual owners.

Which of the statements above is/are correct?

• a) Only STATEMENT 1

• b) Only STATEMENT 2

• c) BOTH STATEMENTS

• d) Neither statements

Solution: d)

STATEMENT 1 EXPLANATION: This statement is false. Once designated as Waqf, the property cannot be sold or transferred. Waqf properties are meant to be perpetual and non-transferable.

STATEMENT 2 EXPLANATION: This statement is incorrect. Waqf properties are managed by a mutawali and overseen by Waqf Boards. They are not managed by individual owners but rather by designated authorities for the benefit of the community.

Solution: d)

STATEMENT 1 EXPLANATION: This statement is false. Once designated as Waqf, the property cannot be sold or transferred. Waqf properties are meant to be perpetual and non-transferable.

• Question 2 of 10 2. Question 1 points How many of the following is NOT a direct tool used by the Reserve Bank of India to control interest rates? 1. Repo Rate 2. Open Market Operations 3. Cash Reserve Ratio 4. Foreign Exchange Reserve Select the correct answer code: a) Only one b) Only two c) Only three d) None Correct Solution: a) The Foreign Exchange Reserve is not a direct tool used by the Reserve Bank of India to control interest rates. While it plays a crucial role in maintaining the country’s external financial stability, it does not directly influence domestic interest rates. The RBI primarily uses tools like the Repo Rate (the rate at which RBI lends to commercial banks), Open Market Operations (buying or selling government securities), and the Cash Reserve Ratio (the percentage of deposits banks must hold with the RBI) to manage liquidity and control interest rates in the economy. These tools allow the RBI to adjust money supply and influence borrowing costs, thereby impacting overall economic activity and inflation. Incorrect Solution: a) The Foreign Exchange Reserve is not a direct tool used by the Reserve Bank of India to control interest rates. While it plays a crucial role in maintaining the country’s external financial stability, it does not directly influence domestic interest rates. The RBI primarily uses tools like the Repo Rate (the rate at which RBI lends to commercial banks), Open Market Operations (buying or selling government securities), and the Cash Reserve Ratio (the percentage of deposits banks must hold with the RBI) to manage liquidity and control interest rates in the economy. These tools allow the RBI to adjust money supply and influence borrowing costs, thereby impacting overall economic activity and inflation.

#### 2. Question

How many of the following is NOT a direct tool used by the Reserve Bank of India to control interest rates? 1. Repo Rate 2. Open Market Operations 3. Cash Reserve Ratio 4. Foreign Exchange Reserve

Select the correct answer code:

• a) Only one

• b) Only two

• c) Only three

Solution: a)

The Foreign Exchange Reserve is not a direct tool used by the Reserve Bank of India to control interest rates. While it plays a crucial role in maintaining the country’s external financial stability, it does not directly influence domestic interest rates. The RBI primarily uses tools like the Repo Rate (the rate at which RBI lends to commercial banks), Open Market Operations (buying or selling government securities), and the Cash Reserve Ratio (the percentage of deposits banks must hold with the RBI) to manage liquidity and control interest rates in the economy. These tools allow the RBI to adjust money supply and influence borrowing costs, thereby impacting overall economic activity and inflation.

Solution: a)

• Question 3 of 10 3. Question 1 points How has the Transplantation of Human Organs Act (THOA) impacted organ donation in India? a) It has decreased the number of transplants b) It has only allowed living donor transplants c) It has established a comprehensive legal framework for organ transplantation d) It has restricted organ donation to only certain age groups Correct Solution: c) The Transplantation of Human Organs Act (THOA) of 1994 has significantly impacted organ donation in India by establishing a comprehensive legal framework for organ transplantation. This legislation has provided guidelines for both living and deceased donor transplants, set standards for transplant procedures, and helped regulate the process to prevent illegal organ trade. As a result, India has seen a substantial increase in organ transplants, rising from 4,990 in 2013 to 15,561 in 2022, ranking third globally in the number of transplants conducted. The act has also paved the way for further improvements, such as the recent Delhi High Court recommendations for streamlining the transplant process. Incorrect Solution: c) The Transplantation of Human Organs Act (THOA) of 1994 has significantly impacted organ donation in India by establishing a comprehensive legal framework for organ transplantation. This legislation has provided guidelines for both living and deceased donor transplants, set standards for transplant procedures, and helped regulate the process to prevent illegal organ trade. As a result, India has seen a substantial increase in organ transplants, rising from 4,990 in 2013 to 15,561 in 2022, ranking third globally in the number of transplants conducted. The act has also paved the way for further improvements, such as the recent Delhi High Court recommendations for streamlining the transplant process.

#### 3. Question

How has the Transplantation of Human Organs Act (THOA) impacted organ donation in India?

• a) It has decreased the number of transplants

• b) It has only allowed living donor transplants

• c) It has established a comprehensive legal framework for organ transplantation

• d) It has restricted organ donation to only certain age groups

Solution: c)

The Transplantation of Human Organs Act (THOA) of 1994 has significantly impacted organ donation in India by establishing a comprehensive legal framework for organ transplantation. This legislation has provided guidelines for both living and deceased donor transplants, set standards for transplant procedures, and helped regulate the process to prevent illegal organ trade. As a result, India has seen a substantial increase in organ transplants, rising from 4,990 in 2013 to 15,561 in 2022, ranking third globally in the number of transplants conducted. The act has also paved the way for further improvements, such as the recent Delhi High Court recommendations for streamlining the transplant process.

Solution: c)

• Question 4 of 10 4. Question 1 points Why is the Wainganga-Nalganga River linking project significant for Maharashtra? a) It will generate hydroelectric power b) It will create new fishing opportunities c) It will provide drought relief and irrigation to a large area d) It will improve navigation on the rivers Correct Solution: c) The Maharashtra government has approved an irrigation project to address drought relief in the Marathwada region. The Wainganga-Nalganga river linking project aims to irrigate around four lakh hectares of land, providing significant relief to drought-affected farmers. The project will transfer water from the Godavari River to the Wainganga Project in Buldhana district. The water will be used for irrigation, drinking, and industrial purposes across 15 talukas in the Vidarbha district. Incorrect Solution: c) The Maharashtra government has approved an irrigation project to address drought relief in the Marathwada region. The Wainganga-Nalganga river linking project aims to irrigate around four lakh hectares of land, providing significant relief to drought-affected farmers. The project will transfer water from the Godavari River to the Wainganga Project in Buldhana district. The water will be used for irrigation, drinking, and industrial purposes across 15 talukas in the Vidarbha district.

#### 4. Question

Why is the Wainganga-Nalganga River linking project significant for Maharashtra?

• a) It will generate hydroelectric power

• b) It will create new fishing opportunities

• c) It will provide drought relief and irrigation to a large area

• d) It will improve navigation on the rivers

Solution: c)

The Maharashtra government has approved an irrigation project to address drought relief in the Marathwada region.

• The Wainganga-Nalganga river linking project aims to irrigate around four lakh hectares of land, providing significant relief to drought-affected farmers.

• The project will transfer water from the Godavari River to the Wainganga Project in Buldhana district.

• The water will be used for irrigation, drinking, and industrial purposes across 15 talukas in the Vidarbha district.

Solution: c)

The Maharashtra government has approved an irrigation project to address drought relief in the Marathwada region.

• The Wainganga-Nalganga river linking project aims to irrigate around four lakh hectares of land, providing significant relief to drought-affected farmers.

• The project will transfer water from the Godavari River to the Wainganga Project in Buldhana district.

• The water will be used for irrigation, drinking, and industrial purposes across 15 talukas in the Vidarbha district.

• Question 5 of 10 5. Question 1 points What are the two main modules offered by the e-Sankhyiki Portal? a) Data Catalogue Module and Macro Indicators Module b) Consumer Price Index Module and National Accounts Statistics Module c) Data Visualization Module and Download Module d) Security Audit Module and SSL Technology Module Correct Solution: a) The e-Sankhyiki Portal, launched by India’s Ministry of Statistics and Programme Implementation (MoSPI) on National Statistics Day 2024, is a comprehensive data platform designed to provide easy access to reliable statistical data. The portal offers two main modules: the Data Catalogue Module, which catalogues over 2,300 datasets including key indicators like the Consumer Price Index and National Accounts Statistics, and the Macro Indicators Module, which provides time series data on major macroeconomic indicators. Users can filter, visualize, and download customized datasets, making the data highly reusable. The government has implemented robust data security measures, including cloud storage, security audits, and SSL technology, to ensure safe data dissemination. The portal supports data-driven decision-making, fostering effective policies and socio-economic development in India. Incorrect Solution: a) The e-Sankhyiki Portal, launched by India’s Ministry of Statistics and Programme Implementation (MoSPI) on National Statistics Day 2024, is a comprehensive data platform designed to provide easy access to reliable statistical data. The portal offers two main modules: the Data Catalogue Module, which catalogues over 2,300 datasets including key indicators like the Consumer Price Index and National Accounts Statistics, and the Macro Indicators Module, which provides time series data on major macroeconomic indicators. Users can filter, visualize, and download customized datasets, making the data highly reusable. The government has implemented robust data security measures, including cloud storage, security audits, and SSL technology, to ensure safe data dissemination. The portal supports data-driven decision-making, fostering effective policies and socio-economic development in India.

#### 5. Question

What are the two main modules offered by the e-Sankhyiki Portal?

• a) Data Catalogue Module and Macro Indicators Module

• b) Consumer Price Index Module and National Accounts Statistics Module

• c) Data Visualization Module and Download Module

• d) Security Audit Module and SSL Technology Module

Solution: a)

The e-Sankhyiki Portal, launched by India’s Ministry of Statistics and Programme Implementation (MoSPI) on National Statistics Day 2024, is a comprehensive data platform designed to provide easy access to reliable statistical data.

• The portal offers two main modules: the Data Catalogue Module, which catalogues over 2,300 datasets including key indicators like the Consumer Price Index and National Accounts Statistics, and the Macro Indicators Module, which provides time series data on major macroeconomic indicators.

• Users can filter, visualize, and download customized datasets, making the data highly reusable.

• The government has implemented robust data security measures, including cloud storage, security audits, and SSL technology, to ensure safe data dissemination.

• The portal supports data-driven decision-making, fostering effective policies and socio-economic development in India.

Solution: a)

• Users can filter, visualize, and download customized datasets, making the data highly reusable.

• The government has implemented robust data security measures, including cloud storage, security audits, and SSL technology, to ensure safe data dissemination.

• The portal supports data-driven decision-making, fostering effective policies and socio-economic development in India.

• Question 6 of 10 6. Question 1 points IMF recently released, the “Debt for Development Swaps” framework. Consider the following statements in the context of Debt for Development Swaps characteristics STATEMENT 1 :: It Involves exchanging debt for development projects. STATEMENT 2 :: It Can target both bilateral and commercial debt. Which of the statements above is/are correct? a) Only STATEMENT 1 b) Only STATEMENT 2 c) BOTH STATEMENTS d) Neither statements Correct Solution: c) IMF recently released, the “Debt for Development Swaps” framework that aims to guide stakeholders on effectively using debt swaps to achieve development goals. What are Debt Swaps? Debt swaps are financial agreements where a country exchanges its existing debt for new obligations, typically linked to funding specific development projects or goals. Types of Swaps: Bilateral Swaps: Involves the writing off of official bilateral debt. Commercial Debt Swaps: Targets debt held by private creditors. Examples: Debt-for-Nature Swap: For example, in 1987, the U.S. and Bolivia reached a deal where Bolivia’s debt was reduced in exchange for funding environmental conservation projects. Debt-for-Education Swap: For instance, in 2002, Germany and Indonesia entered into an agreement where Indonesia’s debt was reduced to fund educational programs. Debt-for-Health Swap: Debt relief is provided in exchange for investments in public health initiatives, such as building hospitals or funding disease prevention programs. These swaps help reduce the debt burden while also promoting social or environmental development. Incorrect Solution: c) IMF recently released, the “Debt for Development Swaps” framework that aims to guide stakeholders on effectively using debt swaps to achieve development goals. What are Debt Swaps? Debt swaps are financial agreements where a country exchanges its existing debt for new obligations, typically linked to funding specific development projects or goals. Types of Swaps: Bilateral Swaps: Involves the writing off of official bilateral debt. Commercial Debt Swaps: Targets debt held by private creditors. Examples: Debt-for-Nature Swap: For example, in 1987, the U.S. and Bolivia reached a deal where Bolivia’s debt was reduced in exchange for funding environmental conservation projects. Debt-for-Education Swap: For instance, in 2002, Germany and Indonesia entered into an agreement where Indonesia’s debt was reduced to fund educational programs. Debt-for-Health Swap: Debt relief is provided in exchange for investments in public health initiatives, such as building hospitals or funding disease prevention programs. These swaps help reduce the debt burden while also promoting social or environmental development.

#### 6. Question

IMF recently released, the “Debt for Development Swaps” framework. Consider the following statements in the context of Debt for Development Swaps characteristics STATEMENT 1 :: It Involves exchanging debt for development projects. STATEMENT 2 :: It Can target both bilateral and commercial debt.

Which of the statements above is/are correct?

• a) Only STATEMENT 1

• b) Only STATEMENT 2

• c) BOTH STATEMENTS

• d) Neither statements

Solution: c)

IMF recently released, the “Debt for Development Swaps” framework that aims to guide stakeholders on effectively using debt swaps to achieve development goals.

What are Debt Swaps?

Debt swaps are financial agreements where a country exchanges its existing debt for new obligations, typically linked to funding specific development projects or goals.

Types of Swaps:

• Bilateral Swaps: Involves the writing off of official bilateral debt.

• Commercial Debt Swaps: Targets debt held by private creditors.

Examples:

• Debt-for-Nature Swap: For example, in 1987, the U.S. and Bolivia reached a deal where Bolivia’s debt was reduced in exchange for funding environmental conservation projects.

• Debt-for-Education Swap: For instance, in 2002, Germany and Indonesia entered into an agreement where Indonesia’s debt was reduced to fund educational programs.

• Debt-for-Health Swap: Debt relief is provided in exchange for investments in public health initiatives, such as building hospitals or funding disease prevention programs.

These swaps help reduce the debt burden while also promoting social or environmental development.

Solution: c)

IMF recently released, the “Debt for Development Swaps” framework that aims to guide stakeholders on effectively using debt swaps to achieve development goals.

What are Debt Swaps?

Debt swaps are financial agreements where a country exchanges its existing debt for new obligations, typically linked to funding specific development projects or goals.

Types of Swaps:

• Bilateral Swaps: Involves the writing off of official bilateral debt.

• Commercial Debt Swaps: Targets debt held by private creditors.

Examples:

• Debt-for-Nature Swap: For example, in 1987, the U.S. and Bolivia reached a deal where Bolivia’s debt was reduced in exchange for funding environmental conservation projects.

• Debt-for-Education Swap: For instance, in 2002, Germany and Indonesia entered into an agreement where Indonesia’s debt was reduced to fund educational programs.

• Debt-for-Health Swap: Debt relief is provided in exchange for investments in public health initiatives, such as building hospitals or funding disease prevention programs.

These swaps help reduce the debt burden while also promoting social or environmental development.

• Question 7 of 10 7. Question 1 points The Waqf Boards is composed of Recognized scholars of Islamic theology. 2. Muslim legislators and parliamentarians Elected officials from local municipal bodies. Select the correct answer code: a) 1 only b) 1, 2 c) 1, 3 d) 1, 2, 3 Correct Solution: b) Composition of Waqf Board: A Waqf Board, under the state government, manages Waqf properties, including prominent mosques. Many states have separate boards for Shia and Sunni communities. A Waqf Board is headed by a chairperson and has one or two nominees from the state government, Muslim legislators and parliamentarians, Muslim members of the State Bar Council, recognised scholars of Islamic theology, and mutawallis of Waqfs with an annual income of Rs 1 lakh and above. Incorrect Solution: b) Composition of Waqf Board: A Waqf Board, under the state government, manages Waqf properties, including prominent mosques. Many states have separate boards for Shia and Sunni communities. A Waqf Board is headed by a chairperson and has one or two nominees from the state government, Muslim legislators and parliamentarians, Muslim members of the State Bar Council, recognised scholars of Islamic theology, and mutawallis of Waqfs with an annual income of Rs 1 lakh and above.

#### 7. Question

The Waqf Boards is composed of

• Recognized scholars of Islamic theology. 2. Muslim legislators and parliamentarians

• Elected officials from local municipal bodies.

Select the correct answer code:

• d) 1, 2, 3

Solution: b)

Composition of Waqf Board:

A Waqf Board, under the state government, manages Waqf properties, including prominent mosques. Many states have separate boards for Shia and Sunni communities.

A Waqf Board is headed by a chairperson and has one or two nominees from the state government, Muslim legislators and parliamentarians, Muslim members of the State Bar Council, recognised scholars of Islamic theology, and mutawallis of Waqfs with an annual income of Rs 1 lakh and above.

Solution: b)

Composition of Waqf Board:

A Waqf Board, under the state government, manages Waqf properties, including prominent mosques. Many states have separate boards for Shia and Sunni communities.

• Question 8 of 10 8. Question 1 points Match the following monetary policy tools with their descriptions: COLUMN 1 COLUMN 2 1. Repo Rate A. Percentage of deposits banks must invest in government securities 2. Cash Reserve Ratio (CRR) B. Interest rate at which RBI lends to commercial banks 3. Statutory Liquidity Ratio (SLR) C. Percentage of deposits banks must hold with RBI Select the option with correct matching pairs below. a) 1-B, 2-A, 3-C b) 1-A, 2-B, 3-C c) 1-C, 2-A, 3-B d) 1-B, 2-C, 3-A Correct Solution: d) The Repo Rate is the interest rate at which RBI lends to commercial banks, CRR is the percentage of deposits banks must hold with RBI, and SLR is the percentage of deposits banks must invest in government securities. Incorrect Solution: d) The Repo Rate is the interest rate at which RBI lends to commercial banks, CRR is the percentage of deposits banks must hold with RBI, and SLR is the percentage of deposits banks must invest in government securities.

#### 8. Question

Match the following monetary policy tools with their descriptions: COLUMN 1 COLUMN 2 1. Repo Rate A. Percentage of deposits banks must invest in government securities 2. Cash Reserve Ratio (CRR) B. Interest rate at which RBI lends to commercial banks 3. Statutory Liquidity Ratio (SLR) C. Percentage of deposits banks must hold with RBI

Select the option with correct matching pairs below.

• a) 1-B, 2-A, 3-C

• b) 1-A, 2-B, 3-C

• c) 1-C, 2-A, 3-B

• d) 1-B, 2-C, 3-A

Solution: d)

The Repo Rate is the interest rate at which RBI lends to commercial banks, CRR is the percentage of deposits banks must hold with RBI, and SLR is the percentage of deposits banks must invest in government securities.

Solution: d)

• Question 9 of 10 9. Question 1 points Consider the following statements in the context of Organ donation in India. Age is the primary eligibility criterion for Organ donation. Mandatory consent for all donations. 3. Individuals above 65 years cannot receive organs for transplantation from deceased donors. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: d) Organ donation is the process of giving an organ or tissue to someone in need of a transplant. It can involve living donors, who can donate one kidney or part of their liver, or deceased donors, who can donate multiple organs like the heart, lungs, liver, kidneys, pancreas, and tissues after death. This act helps save or improve the lives of patients suffering from end-stage organ failure. Eligibility: Organ donation eligibility is primarily based on the donor’s physical condition (and not age), with both living (above 18 years) and deceased individuals being eligible. Consent from the family is required for deceased organ donation. According to the latest guidelines, individuals above 65 years can receive organs for transplantation from deceased donors, and the requirement of state domicile for patient registration was removed. Incorrect Solution: d) Organ donation is the process of giving an organ or tissue to someone in need of a transplant. It can involve living donors, who can donate one kidney or part of their liver, or deceased donors, who can donate multiple organs like the heart, lungs, liver, kidneys, pancreas, and tissues after death. This act helps save or improve the lives of patients suffering from end-stage organ failure. Eligibility: Organ donation eligibility is primarily based on the donor’s physical condition (and not age), with both living (above 18 years) and deceased individuals being eligible. Consent from the family is required for deceased organ donation. According to the latest guidelines, individuals above 65 years can receive organs for transplantation from deceased donors, and the requirement of state domicile for patient registration was removed.

#### 9. Question

Consider the following statements in the context of Organ donation in India.

• Age is the primary eligibility criterion for Organ donation.

• Mandatory consent for all donations. 3. Individuals above 65 years cannot receive organs for transplantation from deceased donors.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: d)

Organ donation is the process of giving an organ or tissue to someone in need of a transplant. It can involve living donors, who can donate one kidney or part of their liver, or deceased donors, who can donate multiple organs like the heart, lungs, liver, kidneys, pancreas, and tissues after death. This act helps save or improve the lives of patients suffering from end-stage organ failure.

Eligibility:

• Organ donation eligibility is primarily based on the donor’s physical condition (and not age), with both living (above 18 years) and deceased individuals being eligible.

• Consent from the family is required for deceased organ donation.

• According to the latest guidelines, individuals above 65 years can receive organs for transplantation from deceased donors, and the requirement of state domicile for patient registration was removed.

Solution: d)

Eligibility:

• Organ donation eligibility is primarily based on the donor’s physical condition (and not age), with both living (above 18 years) and deceased individuals being eligible.

• Consent from the family is required for deceased organ donation.

• Question 10 of 10 10. Question 1 points Consider the following statements regarding Monetary Policy Committee (MPC). Monetary Policy Committee was established through an executive order. It comprises of eight members, with four from the RBI and four appointed by the government. The RBI Governor does not have the right to vote in the MPC. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: d) The Monetary Policy Committee (MPC), established under the amended RBI Act of 1934, comprises six members: three from the RBI and three appointed by the government. It decides the policy repo rate aimed at meeting the inflation target. Each member holds one vote, with the Governor having a casting vote in case of a tie. Incorrect Solution: d) The Monetary Policy Committee (MPC), established under the amended RBI Act of 1934, comprises six members: three from the RBI and three appointed by the government. It decides the policy repo rate aimed at meeting the inflation target. Each member holds one vote, with the Governor having a casting vote in case of a tie.

#### 10. Question

Consider the following statements regarding Monetary Policy Committee (MPC).

• Monetary Policy Committee was established through an executive order.

• It comprises of eight members, with four from the RBI and four appointed by the government.

• The RBI Governor does not have the right to vote in the MPC.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: d)

The Monetary Policy Committee (MPC), established under the amended RBI Act of 1934, comprises six members: three from the RBI and three appointed by the government. It decides the policy repo rate aimed at meeting the inflation target. Each member holds one vote, with the Governor having a casting vote in case of a tie.

Solution: d)

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