UPSC Current Affairs Quiz : 30 December 2024
Kartavya Desk Staff
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 The primary aim of the Dr. Pushpak Bhattacharyya Committee is: a) Promotion of AI in agriculture b) Establishment of AI-driven startups c) Automation of government services d) Framework for responsible AI adoption in Correct Solution: d) About Dr. Pushpak Bhattacharyya Committee: Established by: Reserve Bank of India (RBI). Total Members: Chaired by Dr. Pushpak Bhattacharyya, a Professor at IIT Bombay. Aim:To create a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector to guide AI adoption ethically and securely. Need: Global and Domestic AI Assessment:Review AI adoption trends in financial services both globally and in India. Risk Mitigation:Identify risks associated with AI in finance and recommend evaluation, mitigation, and monitoring strategies. Compliance:Propose compliance requirements for financial entities like banks, NBFCs, fintech firms, and payment system operators. Governance:Recommend a governance framework for ethical AI use in the Indian financial sector. Incorrect Solution: d) About Dr. Pushpak Bhattacharyya Committee: Established by: Reserve Bank of India (RBI). Total Members: Chaired by Dr. Pushpak Bhattacharyya, a Professor at IIT Bombay. Aim:To create a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector to guide AI adoption ethically and securely. Need: Global and Domestic AI Assessment:Review AI adoption trends in financial services both globally and in India. Risk Mitigation:Identify risks associated with AI in finance and recommend evaluation, mitigation, and monitoring strategies. Compliance:Propose compliance requirements for financial entities like banks, NBFCs, fintech firms, and payment system operators. Governance:Recommend a governance framework for ethical AI use in the Indian financial sector.
#### 1. Question
The primary aim of the Dr. Pushpak Bhattacharyya Committee is:
• a) Promotion of AI in agriculture
• b) Establishment of AI-driven startups
• c) Automation of government services
• d) Framework for responsible AI adoption in
Solution: d)
About Dr. Pushpak Bhattacharyya Committee:
• Established by: Reserve Bank of India (RBI).
• Total Members:
• Chaired by Dr. Pushpak Bhattacharyya, a Professor at IIT Bombay.
• Aim:To create a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector to guide AI adoption ethically and securely.
• Global and Domestic AI Assessment:Review AI adoption trends in financial services both globally and in India.
• Risk Mitigation:Identify risks associated with AI in finance and recommend evaluation, mitigation, and monitoring strategies.
• Compliance:Propose compliance requirements for financial entities like banks, NBFCs, fintech firms, and payment system operators.
• Governance:Recommend a governance framework for ethical AI use in the Indian financial sector.
Solution: d)
About Dr. Pushpak Bhattacharyya Committee:
• Established by: Reserve Bank of India (RBI).
• Total Members:
• Chaired by Dr. Pushpak Bhattacharyya, a Professor at IIT Bombay.
• Aim:To create a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector to guide AI adoption ethically and securely.
• Global and Domestic AI Assessment:Review AI adoption trends in financial services both globally and in India.
• Risk Mitigation:Identify risks associated with AI in finance and recommend evaluation, mitigation, and monitoring strategies.
• Compliance:Propose compliance requirements for financial entities like banks, NBFCs, fintech firms, and payment system operators.
• Governance:Recommend a governance framework for ethical AI use in the Indian financial sector.
• Question 2 of 10 2. Question 1 points Consider the following statements regarding PM CARES Fund: The PM CARES Fund includes both ex-officio and nominated trustees. It aims to address public health emergencies and natural disaster It is administered under the Ministry of Finance. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 3 is incorrect. About PM CARES Fund: Established in:March 27, 2020, registered under the Registration Act, 1908. Under ministry:Administered directly by the Prime Minister’s Office (PMO). Administered by:Managed by honorary officials including Additional Secretary/Joint Secretary in charge of the PM CARES Fund. Trustees: Ex-Officio Trustees:Prime Minister (Chairman), Minister of Defence, Minister of Home Affairs, and Minister of Finance. Nominated Trustees:Justice K.T. Thomas (Retd.), Kariya Munda. Advisory Board Members:Rajiv Mehrishi, Sudha Murthy, Anand Shah. Aim:To address public health emergencies, natural disasters, and calamities by providing financial assistance, creating infrastructure, and funding research for relief efforts. Incorrect Solution: b) Statement 3 is incorrect. About PM CARES Fund: Established in:March 27, 2020, registered under the Registration Act, 1908. Under ministry:Administered directly by the Prime Minister’s Office (PMO). Administered by:Managed by honorary officials including Additional Secretary/Joint Secretary in charge of the PM CARES Fund. Trustees: Ex-Officio Trustees:Prime Minister (Chairman), Minister of Defence, Minister of Home Affairs, and Minister of Finance. Nominated Trustees:Justice K.T. Thomas (Retd.), Kariya Munda. Advisory Board Members:Rajiv Mehrishi, Sudha Murthy, Anand Shah. Aim:To address public health emergencies, natural disasters, and calamities by providing financial assistance, creating infrastructure, and funding research for relief efforts.
#### 2. Question
Consider the following statements regarding PM CARES Fund:
• The PM CARES Fund includes both ex-officio and nominated trustees.
• It aims to address public health emergencies and natural disaster
• It is administered under the Ministry of Finance.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 3 is incorrect.
About PM CARES Fund:
• Established in:March 27, 2020, registered under the Registration Act, 1908.
• Under ministry:Administered directly by the Prime Minister’s Office (PMO).
• Administered by:Managed by honorary officials including Additional Secretary/Joint Secretary in charge of the PM CARES Fund.
Trustees:
• Ex-Officio Trustees:Prime Minister (Chairman), Minister of Defence, Minister of Home Affairs, and Minister of Finance.
• Nominated Trustees:Justice K.T. Thomas (Retd.), Kariya Munda.
• Advisory Board Members:Rajiv Mehrishi, Sudha Murthy, Anand Shah.
• Aim:To address public health emergencies, natural disasters, and calamities by providing financial assistance, creating infrastructure, and funding research for relief efforts.
Solution: b)
Statement 3 is incorrect.
About PM CARES Fund:
• Established in:March 27, 2020, registered under the Registration Act, 1908.
• Under ministry:Administered directly by the Prime Minister’s Office (PMO).
• Administered by:Managed by honorary officials including Additional Secretary/Joint Secretary in charge of the PM CARES Fund.
Trustees:
• Ex-Officio Trustees:Prime Minister (Chairman), Minister of Defence, Minister of Home Affairs, and Minister of Finance.
• Nominated Trustees:Justice K.T. Thomas (Retd.), Kariya Munda.
• Advisory Board Members:Rajiv Mehrishi, Sudha Murthy, Anand Shah.
• Aim:To address public health emergencies, natural disasters, and calamities by providing financial assistance, creating infrastructure, and funding research for relief efforts.
• Question 3 of 10 3. Question 1 points Consider the following statements regarding Operation Greens 1. Operation Greens initially focused on Tomato, Onion, and Potato (TOP). 2. It was launched under the Atma Nirbhar Bharat initiative. 3. The scheme aims to create robust farm-to-market linkages to minimize post-harvest losses. Which of the above statements is/are correct? a) 1 and 3 only b) 1 only c) 2 and 3 only d) 1, 2 and 3 Correct Solution: a) Statement 1 is correct as the scheme initially targeted TOP crops. Statement 3 is correct as creating robust farm-to-market linkages is a key objective to minimize losses. Statement 2 is incorrect as the scheme is under Pradhan Mantri Kisan SAMPADA Yojana, not Atma Nirbhar Bharat. About Operation Greens: What it is:A Central Sector Scheme under the Pradhan Mantri Kisan SAMPADA Yojana to stabilize crop prices and ensure farmers’ welfare. Ministry:Ministry of Food Processing Industries (MoFPI). Launched:November 2018, with an initial outlay of ₹500 crore. Aims: Enhance farmers’ income through targeted interventions. Reduce price volatility in agricultural markets. Minimize post-harvest losses. Create robust farm-to-market linkages. Crops Covered: Initially covered Tomato, Onion, and Potato (TOP); expanded in 2021 to include 22 perishable crops, including mango, banana, apple, guava, ginger, and shrimp. Incorrect Solution: a) Statement 1 is correct as the scheme initially targeted TOP crops. Statement 3 is correct as creating robust farm-to-market linkages is a key objective to minimize losses. Statement 2 is incorrect as the scheme is under Pradhan Mantri Kisan SAMPADA Yojana, not Atma Nirbhar Bharat. About Operation Greens: What it is:A Central Sector Scheme under the Pradhan Mantri Kisan SAMPADA Yojana to stabilize crop prices and ensure farmers’ welfare. Ministry:Ministry of Food Processing Industries (MoFPI). Launched:November 2018, with an initial outlay of ₹500 crore. Aims: Enhance farmers’ income through targeted interventions. Reduce price volatility in agricultural markets. Minimize post-harvest losses. Create robust farm-to-market linkages. Crops Covered: Initially covered Tomato, Onion, and Potato (TOP); expanded in 2021 to include 22 perishable crops, including mango, banana, apple, guava, ginger, and shrimp.
#### 3. Question
Consider the following statements regarding Operation Greens
- 1.Operation Greens initially focused on Tomato, Onion, and Potato (TOP). 2. It was launched under the Atma Nirbhar Bharat initiative. 3. The scheme aims to create robust farm-to-market linkages to minimize post-harvest losses.
Which of the above statements is/are correct?
• a) 1 and 3 only
• c) 2 and 3 only
• d) 1, 2 and 3
Solution: a)
Statement 1 is correct as the scheme initially targeted TOP crops.
Statement 3 is correct as creating robust farm-to-market linkages is a key objective to minimize losses.
Statement 2 is incorrect as the scheme is under Pradhan Mantri Kisan SAMPADA Yojana, not Atma Nirbhar Bharat.
About Operation Greens:
• What it is:A Central Sector Scheme under the Pradhan Mantri Kisan SAMPADA Yojana to stabilize crop prices and ensure farmers’ welfare.
• Ministry:Ministry of Food Processing Industries (MoFPI).
• Launched:November 2018, with an initial outlay of ₹500 crore.
• Enhance farmers’ income through targeted interventions.
• Reduce price volatility in agricultural markets.
• Minimize post-harvest losses.
• Create robust farm-to-market linkages.
Crops Covered: Initially covered Tomato, Onion, and Potato (TOP); expanded in 2021 to include 22 perishable crops, including mango, banana, apple, guava, ginger, and shrimp.
Solution: a)
Statement 1 is correct as the scheme initially targeted TOP crops.
Statement 3 is correct as creating robust farm-to-market linkages is a key objective to minimize losses.
Statement 2 is incorrect as the scheme is under Pradhan Mantri Kisan SAMPADA Yojana, not Atma Nirbhar Bharat.
About Operation Greens:
• What it is:A Central Sector Scheme under the Pradhan Mantri Kisan SAMPADA Yojana to stabilize crop prices and ensure farmers’ welfare.
• Ministry:Ministry of Food Processing Industries (MoFPI).
• Launched:November 2018, with an initial outlay of ₹500 crore.
• Enhance farmers’ income through targeted interventions.
• Reduce price volatility in agricultural markets.
• Minimize post-harvest losses.
• Create robust farm-to-market linkages.
Crops Covered: Initially covered Tomato, Onion, and Potato (TOP); expanded in 2021 to include 22 perishable crops, including mango, banana, apple, guava, ginger, and shrimp.
• Question 4 of 10 4. Question 1 points Consider the following statements regarding Sea otters. Statement-I: Sea otters are keystone species in marine ecosystems. Statement-II: They help in preventing the destruction of kelp forests by preying on sea urchins. Which one of the following is correct in respect of the above statements? a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I c) Statement-I is correct but Statement-II is incorrect d) Statement-I is incorrect but Statement-II is correct Correct Solution: a) Sea otters are keystone species because of their crucial role in maintaining ecological balance. By preying on sea urchins, they protect kelp forests from overgrazing, ensuring marine biodiversity and ecosystem stability. About Sea Otter: What it is:An aquatic member of the weasel family (Mustelidae), primarily found along Pacific Ocean coasts in North America and Asia. Scientific name:Enhydra lutris. Habitat:Coastal waters and estuaries, often in kelp forests and seagrass beds; occasionally rests onshore. IUCN Status: Features: Webbed feet and water-repellent furfor warmth and buoyancy. Eats up to 25% of its body weight daily. Nostrils and ears close in waterfor underwater foraging. Role in Ecosystem Conservation: Keystone Species:Vital for maintaining marine ecosystem balance. Kelp Forest Protection:Preys on sea urchins, preventing their overpopulation and subsequent destruction of kelp forests. Biodiversity Sustenance:Supports marine habitats by ensuring a balanced food web, aiding species diversity. Incorrect Solution: a) Sea otters are keystone species because of their crucial role in maintaining ecological balance. By preying on sea urchins, they protect kelp forests from overgrazing, ensuring marine biodiversity and ecosystem stability. About Sea Otter: What it is:An aquatic member of the weasel family (Mustelidae), primarily found along Pacific Ocean coasts in North America and Asia. Scientific name:Enhydra lutris. Habitat:Coastal waters and estuaries, often in kelp forests and seagrass beds; occasionally rests onshore. IUCN Status: Features: Webbed feet and water-repellent furfor warmth and buoyancy. Eats up to 25% of its body weight daily. Nostrils and ears close in waterfor underwater foraging. Role in Ecosystem Conservation: Keystone Species:Vital for maintaining marine ecosystem balance. Kelp Forest Protection:Preys on sea urchins, preventing their overpopulation and subsequent destruction of kelp forests. Biodiversity Sustenance:Supports marine habitats by ensuring a balanced food web, aiding species diversity.
#### 4. Question
Consider the following statements regarding Sea otters.
Statement-I: Sea otters are keystone species in marine ecosystems. Statement-II: They help in preventing the destruction of kelp forests by preying on sea urchins.
Which one of the following is correct in respect of the above statements?
• a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
• b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
• c) Statement-I is correct but Statement-II is incorrect
• d) Statement-I is incorrect but Statement-II is correct
Solution: a)
Sea otters are keystone species because of their crucial role in maintaining ecological balance. By preying on sea urchins, they protect kelp forests from overgrazing, ensuring marine biodiversity and ecosystem stability.
About Sea Otter:
• What it is:An aquatic member of the weasel family (Mustelidae), primarily found along Pacific Ocean coasts in North America and Asia.
• Scientific name:Enhydra lutris.
• Habitat:Coastal waters and estuaries, often in kelp forests and seagrass beds; occasionally rests onshore.
• IUCN Status:
Features:
• Webbed feet and water-repellent furfor warmth and buoyancy.
• Eats up to 25% of its body weight daily.
• Nostrils and ears close in waterfor underwater foraging.
Role in Ecosystem Conservation:
• Keystone Species:Vital for maintaining marine ecosystem balance.
• Kelp Forest Protection:Preys on sea urchins, preventing their overpopulation and subsequent destruction of kelp forests.
• Biodiversity Sustenance:Supports marine habitats by ensuring a balanced food web, aiding species diversity.
Solution: a)
Sea otters are keystone species because of their crucial role in maintaining ecological balance. By preying on sea urchins, they protect kelp forests from overgrazing, ensuring marine biodiversity and ecosystem stability.
About Sea Otter:
• What it is:An aquatic member of the weasel family (Mustelidae), primarily found along Pacific Ocean coasts in North America and Asia.
• Scientific name:Enhydra lutris.
• Habitat:Coastal waters and estuaries, often in kelp forests and seagrass beds; occasionally rests onshore.
• IUCN Status:
Features:
• Webbed feet and water-repellent furfor warmth and buoyancy.
• Eats up to 25% of its body weight daily.
• Nostrils and ears close in waterfor underwater foraging.
Role in Ecosystem Conservation:
• Keystone Species:Vital for maintaining marine ecosystem balance.
• Kelp Forest Protection:Preys on sea urchins, preventing their overpopulation and subsequent destruction of kelp forests.
• Biodiversity Sustenance:Supports marine habitats by ensuring a balanced food web, aiding species diversity.
• Question 5 of 10 5. Question 1 points Consider the following statements regarding African Union Stabilization and Support Mission in Somalia (AUSSOM): AUSSOM replaces the African Union’s anti-terrorism operation in Somalia. It functions without international financial support due to self-sustaining mechanisms. AUSSOM focuses on both security stabilization and sustainable development. Which of the above statements are correct? a) 1 and 2 only b) 2 and 3 only c) 1, 2, and 3 d) 1 and 3 only Correct Solution: d) Statement 1 is correct as AUSSOM transitioned from an anti-terrorism focus to broader stabilization goals. Statement 2 is incorrect; the mission is supported by international financial assistance from partners like the EU and the U.S. Statement 3 is correct as the mission addresses security stabilization and sustainable development. About African Union Stabilization and Support Mission in Somalia (AUSSOM): Full form:African Union Stabilization and Support Mission in Somalia. Established by:United Nations Security Council (UNSC) in collaboration with the African Union (AU). Aim:To stabilize Somalia by supporting its security infrastructure, addressing terrorism threats, and fostering sustainable peace and development. Features: Transition from Anti-Terrorism Focus:Replaces the AU anti-terrorism operation with broader stabilization goals. Scalable Peacekeeping Force:Ensures a sustainable and effective security presence while considering funding limitations. Global Collaboration:Backed by international partners like the EU and the U.S., despite their funding concerns. Incorrect Solution: d) Statement 1 is correct as AUSSOM transitioned from an anti-terrorism focus to broader stabilization goals. Statement 2 is incorrect; the mission is supported by international financial assistance from partners like the EU and the U.S. Statement 3 is correct as the mission addresses security stabilization and sustainable development. About African Union Stabilization and Support Mission in Somalia (AUSSOM): Full form:African Union Stabilization and Support Mission in Somalia. Established by:United Nations Security Council (UNSC) in collaboration with the African Union (AU). Aim:To stabilize Somalia by supporting its security infrastructure, addressing terrorism threats, and fostering sustainable peace and development. Features: Transition from Anti-Terrorism Focus:Replaces the AU anti-terrorism operation with broader stabilization goals. Scalable Peacekeeping Force:Ensures a sustainable and effective security presence while considering funding limitations. Global Collaboration:Backed by international partners like the EU and the U.S., despite their funding concerns.
#### 5. Question
Consider the following statements regarding African Union Stabilization and Support Mission in Somalia (AUSSOM):
• AUSSOM replaces the African Union’s anti-terrorism operation in Somalia.
• It functions without international financial support due to self-sustaining mechanisms.
• AUSSOM focuses on both security stabilization and sustainable development.
Which of the above statements are correct?
• a) 1 and 2 only
• b) 2 and 3 only
• c) 1, 2, and 3
• d) 1 and 3 only
Solution: d)
Statement 1 is correct as AUSSOM transitioned from an anti-terrorism focus to broader stabilization goals. Statement 2 is incorrect; the mission is supported by international financial assistance from partners like the EU and the U.S.
Statement 3 is correct as the mission addresses security stabilization and sustainable development.
About African Union Stabilization and Support Mission in Somalia (AUSSOM):
• Full form:African Union Stabilization and Support Mission in Somalia.
• Established by:United Nations Security Council (UNSC) in collaboration with the African Union (AU).
• Aim:To stabilize Somalia by supporting its security infrastructure, addressing terrorism threats, and fostering sustainable peace and development.
Features:
• Transition from Anti-Terrorism Focus:Replaces the AU anti-terrorism operation with broader stabilization goals.
• Scalable Peacekeeping Force:Ensures a sustainable and effective security presence while considering funding limitations.
• Global Collaboration:Backed by international partners like the EU and the U.S., despite their funding concerns.
Solution: d)
Statement 1 is correct as AUSSOM transitioned from an anti-terrorism focus to broader stabilization goals. Statement 2 is incorrect; the mission is supported by international financial assistance from partners like the EU and the U.S.
Statement 3 is correct as the mission addresses security stabilization and sustainable development.
About African Union Stabilization and Support Mission in Somalia (AUSSOM):
• Full form:African Union Stabilization and Support Mission in Somalia.
• Established by:United Nations Security Council (UNSC) in collaboration with the African Union (AU).
• Aim:To stabilize Somalia by supporting its security infrastructure, addressing terrorism threats, and fostering sustainable peace and development.
Features:
• Transition from Anti-Terrorism Focus:Replaces the AU anti-terrorism operation with broader stabilization goals.
• Scalable Peacekeeping Force:Ensures a sustainable and effective security presence while considering funding limitations.
• Global Collaboration:Backed by international partners like the EU and the U.S., despite their funding concerns.
• Question 6 of 10 6. Question 1 points Which of the following rivers is a major river in Somalia? a) Nile b) Jubba c) Limpopo d) Zambezi Correct Solution: b) Jubba is one of the two major rivers in Somalia, alongside Shabelle, and supports agriculture in the region. Geographic Features: Rivers:Jubba and Shabelle are the major rivers, supporting agriculture. Mountains:The Cal Madow and Karkaar ranges dominate the northern region. Plateaus:Features plateaus and flatlands, including the Haud Plateau. Climate:Predominantly arid and semi-arid, with drought-prone regions. Incorrect Solution: b) Jubba is one of the two major rivers in Somalia, alongside Shabelle, and supports agriculture in the region. Geographic Features: Rivers:Jubba and Shabelle are the major rivers, supporting agriculture. Mountains:The Cal Madow and Karkaar ranges dominate the northern region. Plateaus:Features plateaus and flatlands, including the Haud Plateau. Climate:Predominantly arid and semi-arid, with drought-prone regions.
#### 6. Question
Which of the following rivers is a major river in Somalia?
• c) Limpopo
• d) Zambezi
Solution: b)
Jubba is one of the two major rivers in Somalia, alongside Shabelle, and supports agriculture in the region.
Geographic Features:
• Rivers:Jubba and Shabelle are the major rivers, supporting agriculture.
• Mountains:The Cal Madow and Karkaar ranges dominate the northern region.
• Plateaus:Features plateaus and flatlands, including the Haud Plateau.
• Climate:Predominantly arid and semi-arid, with drought-prone regions.
Solution: b)
Jubba is one of the two major rivers in Somalia, alongside Shabelle, and supports agriculture in the region.
Geographic Features:
• Rivers:Jubba and Shabelle are the major rivers, supporting agriculture.
• Mountains:The Cal Madow and Karkaar ranges dominate the northern region.
• Plateaus:Features plateaus and flatlands, including the Haud Plateau.
• Climate:Predominantly arid and semi-arid, with drought-prone regions.
• Question 7 of 10 7. Question 1 points Consider the following statements regarding the PM CARES Fund: It qualifies as a Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013. It is exempt from the Foreign Contribution Regulation Act (FCRA). It is managed with partial budgetary support from the government. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 3 is incorrect. Features: Entirely funded through voluntary contributionsfrom individuals and organizations (domestic and foreign). Exempt from FCRAand eligible for 80G benefits under the Income Tax Act, 1961. Qualifies as CSR expenditureunder the Companies Act, 2013. Focuses on relief activities like healthcare infrastructure, assistance for affected individuals, and upgradation of emergency services. Managed without direct budgetary supportfrom the government. Incorrect Solution: b) Statement 3 is incorrect. Features: Entirely funded through voluntary contributionsfrom individuals and organizations (domestic and foreign). Exempt from FCRAand eligible for 80G benefits under the Income Tax Act, 1961. Qualifies as CSR expenditureunder the Companies Act, 2013. Focuses on relief activities like healthcare infrastructure, assistance for affected individuals, and upgradation of emergency services. Managed without direct budgetary supportfrom the government.
#### 7. Question
Consider the following statements regarding the PM CARES Fund:
• It qualifies as a Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013.
• It is exempt from the Foreign Contribution Regulation Act (FCRA).
• It is managed with partial budgetary support from the government.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 3 is incorrect.
Features:
• Entirely funded through voluntary contributionsfrom individuals and organizations (domestic and foreign).
• Exempt from FCRAand eligible for 80G benefits under the Income Tax Act, 1961.
• Qualifies as CSR expenditureunder the Companies Act, 2013.
• Focuses on relief activities like healthcare infrastructure, assistance for affected individuals, and upgradation of emergency services.
• Managed without direct budgetary supportfrom the government.
Solution: b)
Statement 3 is incorrect.
Features:
• Entirely funded through voluntary contributionsfrom individuals and organizations (domestic and foreign).
• Exempt from FCRAand eligible for 80G benefits under the Income Tax Act, 1961.
• Qualifies as CSR expenditureunder the Companies Act, 2013.
• Focuses on relief activities like healthcare infrastructure, assistance for affected individuals, and upgradation of emergency services.
• Managed without direct budgetary supportfrom the government.
• Question 8 of 10 8. Question 1 points Consider the following statements. Greenland is the world’s second-largest island. Three-quarters of Greenland’s surface is permanently covered by an ice sheet. Greenland holds significant mineral and energy reserves due to melting ice. Which of the above statements is/are correct? a) 1 and 2 only b) 1 and 3 only c) 1, 2 and 3 d) 2 and 3 only Correct Solution: d) About Greenland: Location:Greenland is the world’s largest island, situated between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago. Controlled by:An autonomous territory under the Kingdom of Denmark. Features: Three-quarters of its surfaceis permanently covered by an ice sheet. Inhabited predominantly by Inuit communitieswho migrated from Alaska via Northern Canada. Significance for the USA: Geopolitical Strategy:Greenland’s location supports U.S. control over vital Arctic passages, including the Northeast, Northwest, and Central routes. Military Significance:Historical use by the U.S., such as Camp Century, highlights its potential for Arctic defence and operations. Economic Potential:The melting ice unveils vast reserves of minerals and energy resources. Global Influence:Crucial for countering China’s Polar Silk Road initiative and securing strategic dominance in the Arctic. Incorrect Solution: d) About Greenland: Location:Greenland is the world’s largest island, situated between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago. Controlled by:An autonomous territory under the Kingdom of Denmark. Features: Three-quarters of its surfaceis permanently covered by an ice sheet. Inhabited predominantly by Inuit communitieswho migrated from Alaska via Northern Canada. Significance for the USA: Geopolitical Strategy:Greenland’s location supports U.S. control over vital Arctic passages, including the Northeast, Northwest, and Central routes. Military Significance:Historical use by the U.S., such as Camp Century, highlights its potential for Arctic defence and operations. Economic Potential:The melting ice unveils vast reserves of minerals and energy resources. Global Influence:Crucial for countering China’s Polar Silk Road initiative and securing strategic dominance in the Arctic.
#### 8. Question
Consider the following statements.
• Greenland is the world’s second-largest island.
• Three-quarters of Greenland’s surface is permanently covered by an ice sheet.
• Greenland holds significant mineral and energy reserves due to melting ice.
Which of the above statements is/are correct?
• a) 1 and 2 only
• b) 1 and 3 only
• c) 1, 2 and 3
• d) 2 and 3 only
Solution: d)
About Greenland:
• Location:Greenland is the world’s largest island, situated between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago.
• Controlled by:An autonomous territory under the Kingdom of Denmark.
Features:
• Three-quarters of its surfaceis permanently covered by an ice sheet.
• Inhabited predominantly by Inuit communitieswho migrated from Alaska via Northern Canada.
Significance for the USA:
• Geopolitical Strategy:Greenland’s location supports U.S. control over vital Arctic passages, including the Northeast, Northwest, and Central routes.
• Military Significance:Historical use by the U.S., such as Camp Century, highlights its potential for Arctic defence and operations.
• Economic Potential:The melting ice unveils vast reserves of minerals and energy resources.
• Global Influence:Crucial for countering China’s Polar Silk Road initiative and securing strategic dominance in the Arctic.
Solution: d)
About Greenland:
• Location:Greenland is the world’s largest island, situated between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago.
• Controlled by:An autonomous territory under the Kingdom of Denmark.
Features:
• Three-quarters of its surfaceis permanently covered by an ice sheet.
• Inhabited predominantly by Inuit communitieswho migrated from Alaska via Northern Canada.
Significance for the USA:
• Geopolitical Strategy:Greenland’s location supports U.S. control over vital Arctic passages, including the Northeast, Northwest, and Central routes.
• Military Significance:Historical use by the U.S., such as Camp Century, highlights its potential for Arctic defence and operations.
• Economic Potential:The melting ice unveils vast reserves of minerals and energy resources.
• Global Influence:Crucial for countering China’s Polar Silk Road initiative and securing strategic dominance in the Arctic.
• Question 9 of 10 9. Question 1 points Consider the following statements regarding South Asian Economic Union (SAEU). Statement-I: The South Asian Economic Union (SAEU) is a vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its member states. Statement-II: The primary objective of SAEU is to establish a common currency for SAARC countries. Which one of the following is correct in respect of the above statements? a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I c) Statement-I is correct but Statement-II is incorrect d) Statement-I is incorrect but Statement-II is correct Correct Solution: c) Statement-I is correct as the SAEU aims to integrate the economies of SAARC member states. However, Statement-II is incorrect because the primary objective is not to establish a common currency but to enhance regional trade, investment, and connectivity. What is the South Asian Economic Union? Definition:The SAEU is a long-term vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Objective:To enhance regional trade, investment, connectivity, and economic cooperation through phased integration of markets. Foundation:Built on agreements like SAFTA (2006), aimed at reducing tariffs and promoting free trade among members. Pillars of Integration:Regional market integration, cross-border connectivity, energy cooperation, and private sector liberalization (ADB Report). Incorrect Solution: c) Statement-I is correct as the SAEU aims to integrate the economies of SAARC member states. However, Statement-II is incorrect because the primary objective is not to establish a common currency but to enhance regional trade, investment, and connectivity. What is the South Asian Economic Union? Definition:The SAEU is a long-term vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Objective:To enhance regional trade, investment, connectivity, and economic cooperation through phased integration of markets. Foundation:Built on agreements like SAFTA (2006), aimed at reducing tariffs and promoting free trade among members. Pillars of Integration:Regional market integration, cross-border connectivity, energy cooperation, and private sector liberalization (ADB Report).
#### 9. Question
Consider the following statements regarding South Asian Economic Union (SAEU).
Statement-I: The South Asian Economic Union (SAEU) is a vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its member states. Statement-II: The primary objective of SAEU is to establish a common currency for SAARC countries.
Which one of the following is correct in respect of the above statements?
• a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
• b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
• c) Statement-I is correct but Statement-II is incorrect
• d) Statement-I is incorrect but Statement-II is correct
Solution: c)
Statement-I is correct as the SAEU aims to integrate the economies of SAARC member states. However, Statement-II is incorrect because the primary objective is not to establish a common currency but to enhance regional trade, investment, and connectivity.
What is the South Asian Economic Union?
• Definition:The SAEU is a long-term vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
• Objective:To enhance regional trade, investment, connectivity, and economic cooperation through phased integration of markets.
• Foundation:Built on agreements like SAFTA (2006), aimed at reducing tariffs and promoting free trade among members.
• Pillars of Integration:Regional market integration, cross-border connectivity, energy cooperation, and private sector liberalization (ADB Report).
Solution: c)
Statement-I is correct as the SAEU aims to integrate the economies of SAARC member states. However, Statement-II is incorrect because the primary objective is not to establish a common currency but to enhance regional trade, investment, and connectivity.
What is the South Asian Economic Union?
• Definition:The SAEU is a long-term vision of the South Asian Association for Regional Cooperation (SAARC) to integrate the economies of its eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
• Objective:To enhance regional trade, investment, connectivity, and economic cooperation through phased integration of markets.
• Foundation:Built on agreements like SAFTA (2006), aimed at reducing tariffs and promoting free trade among members.
• Pillars of Integration:Regional market integration, cross-border connectivity, energy cooperation, and private sector liberalization (ADB Report).
• Question 10 of 10 10. Question 1 points Consider the following statements regarding Operation Greens. 1. Operation Greens provides subsidies up to 50% on transportation and storage for eligible crops to prevent distress sales. 2. The scheme’s long-term interventions include building farm-gate infrastructure and food processing units. 3. Short-term measures are available exclusively for cereals and pulses. Which of the above statements is/are correct? a) 1 only b) 1 and 3 only c) 1 and 2 only d) 1, 2 and 3 Correct Solution: c) Explanation: Statement 1 is correct as the scheme offers 50% subsidies on transportation and storage for eligible crops. Statement 2 is correct as long-term interventions focus on infrastructure development and value addition. Statement 3 is incorrect because short-term measures apply to fruits, vegetables, and other perishable crops, not cereals and pulses. Features: Long-Term Interventions: Strengthen production clusters and Farmer Producer Organizations (FPOs). Build farm-gate infrastructure like storage and processing facilities. Enhance food processing and value addition capacities. Short-Term Interventions: Provide subsidies (50%) on transportation and storage for eligible crops to protect growers from distress sales. Mitigate post-harvest losses through immediate logistical solutions. Expanded Scope: Included all fruits and vegetables (TOTAL) under short-term measures during the Aatmanirbhar Bharat Package(2020). Integrated value chain development extended to 22 perishable cropsunder the 15th Finance Commission Cycle (2021-26). Incorrect Solution: c) Explanation: Statement 1 is correct as the scheme offers 50% subsidies on transportation and storage for eligible crops. Statement 2 is correct as long-term interventions focus on infrastructure development and value addition. Statement 3 is incorrect because short-term measures apply to fruits, vegetables, and other perishable crops, not cereals and pulses. Features: Long-Term Interventions: Strengthen production clusters and Farmer Producer Organizations (FPOs). Build farm-gate infrastructure like storage and processing facilities. Enhance food processing and value addition capacities. Short-Term Interventions: Provide subsidies (50%) on transportation and storage for eligible crops to protect growers from distress sales. Mitigate post-harvest losses through immediate logistical solutions. Expanded Scope: Included all fruits and vegetables (TOTAL) under short-term measures during the Aatmanirbhar Bharat Package(2020). Integrated value chain development extended to 22 perishable cropsunder the 15th Finance Commission Cycle (2021-26).
#### 10. Question
Consider the following statements regarding Operation Greens.
- 1.Operation Greens provides subsidies up to 50% on transportation and storage for eligible crops to prevent distress sales. 2. The scheme’s long-term interventions include building farm-gate infrastructure and food processing units. 3. Short-term measures are available exclusively for cereals and pulses.
Which of the above statements is/are correct?
• b) 1 and 3 only
• c) 1 and 2 only
• d) 1, 2 and 3
Solution: c)
Explanation:
Statement 1 is correct as the scheme offers 50% subsidies on transportation and storage for eligible crops.
Statement 2 is correct as long-term interventions focus on infrastructure development and value addition.
Statement 3 is incorrect because short-term measures apply to fruits, vegetables, and other perishable crops, not cereals and pulses.
Features:
Long-Term Interventions:
• Strengthen production clusters and Farmer Producer Organizations (FPOs).
• Build farm-gate infrastructure like storage and processing facilities.
• Enhance food processing and value addition capacities.
Short-Term Interventions:
• Provide subsidies (50%) on transportation and storage for eligible crops to protect growers from distress sales.
• Mitigate post-harvest losses through immediate logistical solutions.
Expanded Scope:
• Included all fruits and vegetables (TOTAL) under short-term measures during the Aatmanirbhar Bharat Package(2020).
• Integrated value chain development extended to 22 perishable cropsunder the 15th Finance Commission Cycle (2021-26).
Solution: c)
Explanation:
Statement 1 is correct as the scheme offers 50% subsidies on transportation and storage for eligible crops.
Statement 2 is correct as long-term interventions focus on infrastructure development and value addition.
Statement 3 is incorrect because short-term measures apply to fruits, vegetables, and other perishable crops, not cereals and pulses.
Features:
Long-Term Interventions:
• Strengthen production clusters and Farmer Producer Organizations (FPOs).
• Build farm-gate infrastructure like storage and processing facilities.
• Enhance food processing and value addition capacities.
Short-Term Interventions:
• Provide subsidies (50%) on transportation and storage for eligible crops to protect growers from distress sales.
• Mitigate post-harvest losses through immediate logistical solutions.
Expanded Scope:
• Included all fruits and vegetables (TOTAL) under short-term measures during the Aatmanirbhar Bharat Package(2020).
• Integrated value chain development extended to 22 perishable cropsunder the 15th Finance Commission Cycle (2021-26).
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