UPSC Current Affairs Quiz : 30 September 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 Which of the following is NOT a power of the Commission for Air Quality Management (CAQM)? a) Restrict activities impacting air quality b) Conduct research on pollution c) Penalize individuals for violating air quality standards d) Issue binding directions to authorities Correct Solution: c) CAQM can restrict activities impacting air quality, conduct research, and issue binding directions, but the commission does not have the direct power to penalize individuals for violations. The enforcement and penalization duties fall under the purview of state pollution control boards or other designated authorities. Incorrect Solution: c) CAQM can restrict activities impacting air quality, conduct research, and issue binding directions, but the commission does not have the direct power to penalize individuals for violations. The enforcement and penalization duties fall under the purview of state pollution control boards or other designated authorities.

#### 1. Question

Which of the following is NOT a power of the Commission for Air Quality Management (CAQM)?

• a) Restrict activities impacting air quality

• b) Conduct research on pollution

• c) Penalize individuals for violating air quality standards

• d) Issue binding directions to authorities

Solution: c)

CAQM can restrict activities impacting air quality, conduct research, and issue binding directions, but the commission does not have the direct power to penalize individuals for violations. The enforcement and penalization duties fall under the purview of state pollution control boards or other designated authorities.

Solution: c)

• Question 2 of 10 2. Question 1 points Which of the following is the key objective of the ‘Paryatan Mitra & Paryatan Didi’ initiative launched in 2024? a) To empower locals as tourism ambassadors b) To increase foreign tourist arrivals c) To create infrastructure for tourist attractions d) To reduce the environmental impact of tourism Correct Solution: a) The main objective of the ‘Paryatan Mitra & Paryatan Didi’ initiative is to empower locals, particularly women and youth, as tourism ambassadors. This program aims to enhance the tourist experience by training locals in hospitality, safety, and promoting tourism through local storytelling and heritage experiences. Incorrect Solution: a) The main objective of the ‘Paryatan Mitra & Paryatan Didi’ initiative is to empower locals, particularly women and youth, as tourism ambassadors. This program aims to enhance the tourist experience by training locals in hospitality, safety, and promoting tourism through local storytelling and heritage experiences.

#### 2. Question

Which of the following is the key objective of the ‘Paryatan Mitra & Paryatan Didi’ initiative launched in 2024?

• a) To empower locals as tourism ambassadors

• b) To increase foreign tourist arrivals

• c) To create infrastructure for tourist attractions

• d) To reduce the environmental impact of tourism

Solution: a)

The main objective of the ‘Paryatan Mitra & Paryatan Didi’ initiative is to empower locals, particularly women and youth, as tourism ambassadors. This program aims to enhance the tourist experience by training locals in hospitality, safety, and promoting tourism through local storytelling and heritage experiences.

Solution: a)

• Question 3 of 10 3. Question 1 points Consider the following statements about the features of Vizhinjam International Seaport: It is poised to become India’s first fully automated port. The port is designed to be multi-purpose and all-weather. It is located far from major shipping routes, making it primarily a regional port. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statements 1 and 2 are correct. Vizhinjam International Seaport is designed to be India’s first fully automated port and an all-weather facility. Statement 3 is incorrect, as the port is strategically located adjacent to an international shipping lane, making it crucial for global, not just regional, trade. Incorrect Solution: b) Statements 1 and 2 are correct. Vizhinjam International Seaport is designed to be India’s first fully automated port and an all-weather facility. Statement 3 is incorrect, as the port is strategically located adjacent to an international shipping lane, making it crucial for global, not just regional, trade.

#### 3. Question

Consider the following statements about the features of Vizhinjam International Seaport:

• It is poised to become India’s first fully automated port.

• The port is designed to be multi-purpose and all-weather.

• It is located far from major shipping routes, making it primarily a regional port.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: b)

Statements 1 and 2 are correct. Vizhinjam International Seaport is designed to be India’s first fully automated port and an all-weather facility.

Statement 3 is incorrect, as the port is strategically located adjacent to an international shipping lane, making it crucial for global, not just regional, trade.

Solution: b)

Statements 1 and 2 are correct. Vizhinjam International Seaport is designed to be India’s first fully automated port and an all-weather facility.

Statement 3 is incorrect, as the port is strategically located adjacent to an international shipping lane, making it crucial for global, not just regional, trade.

• Question 4 of 10 4. Question 1 points Which organization publishes the Global Innovation Index (GII)? a) World Economic Forum b) International Monetary Fund c) World Intellectual Property Organisation (WIPO) d) United Nations Development Programme (UNDP) Correct Solution: c) The Global Innovation Index (GII) is published by the World Intellectual Property Organisation (WIPO). The GII provides a detailed analysis of innovation across various economies, evaluating indicators such as ICT services, venture capital, and start-up ecosystems. Incorrect Solution: c) The Global Innovation Index (GII) is published by the World Intellectual Property Organisation (WIPO). The GII provides a detailed analysis of innovation across various economies, evaluating indicators such as ICT services, venture capital, and start-up ecosystems.

#### 4. Question

Which organization publishes the Global Innovation Index (GII)?

• a) World Economic Forum

• b) International Monetary Fund

• c) World Intellectual Property Organisation (WIPO)

• d) United Nations Development Programme (UNDP)

Solution: c)

The Global Innovation Index (GII) is published by the World Intellectual Property Organisation (WIPO). The GII provides a detailed analysis of innovation across various economies, evaluating indicators such as ICT services, venture capital, and start-up ecosystems.

Solution: c)

• Question 5 of 10 5. Question 1 points Consider the following statements regarding the significance of the PLI scheme for textiles: It aims to reduce India’s reliance on textile imports. The scheme provides tax benefits based on incremental sales of domestically manufactured goods. The PLI scheme aims to make India a global manufacturing hub by focusing on high-growth sectors. Which of the above statements is/are correct? a) 1 and 3 only b) 1 and 2 only c) 2 and 3 only d) All of the above Correct Solution: a) Statements 1 and 3 are correct. The PLI scheme aims to reduce reliance on imports by encouraging domestic manufacturing and aims to make India a global manufacturing hub. However, the scheme does not provide tax benefits; instead, it offers performance-linked incentives, making statement 2 incorrect. Incorrect Solution: a) Statements 1 and 3 are correct. The PLI scheme aims to reduce reliance on imports by encouraging domestic manufacturing and aims to make India a global manufacturing hub. However, the scheme does not provide tax benefits; instead, it offers performance-linked incentives, making statement 2 incorrect.

#### 5. Question

Consider the following statements regarding the significance of the PLI scheme for textiles:

• It aims to reduce India’s reliance on textile imports.

• The scheme provides tax benefits based on incremental sales of domestically manufactured goods.

• The PLI scheme aims to make India a global manufacturing hub by focusing on high-growth sectors.

Which of the above statements is/are correct?

• a) 1 and 3 only

• b) 1 and 2 only

• c) 2 and 3 only

• d) All of the above

Solution: a)

Statements 1 and 3 are correct. The PLI scheme aims to reduce reliance on imports by encouraging domestic manufacturing and aims to make India a global manufacturing hub. However, the scheme does not provide tax benefits; instead, it offers performance-linked incentives, making statement 2 incorrect.

Solution: a)

• Question 6 of 10 6. Question 1 points Consider the following statements regarding the T+0 settlement cycle: It requires that both funds and securities be exchanged on the same day. It allows retail investors quicker access to securities. It has already been fully implemented in India. Which of the above statements is/are correct? a) 1 and 2 only b) 1 only c) 2 and 3 only d) All of the above Correct Solution: a) Statements 1 and 2 are correct. In T+0, trades are settled on the same day, allowing quicker access to securities, especially for retail investors. However, T+0 has not yet been fully implemented in India, making statement 3 incorrect. T+0 and T+1 Settlement Cycles: T+0 Settlement: Refers to same-day settlement of trades where both funds and securities are exchanged on the same day. T+1 Settlement: In this system, trades are settled one business day after the transaction date. It was introduced in 2021 and has already been implemented in phases. Key Issue: Foreign portfolio investors (FPIs) are resisting T+0 due to the pre-funding requirements, and systems aren’t fully ready for seamless adoption. Significance on the Economy: Faster Settlements: Reduces the risks associated with delayed settlements and facilitates quicker access to funds and securities for investors. Efficiency for Retail Investors: T+0 can optimize fund utilization, particularly benefiting retail investors with limited capital. Improved Accuracy: T+1 has already led to reduced error rates in settlements, especially for FPIs, improving overall market efficiency. Incorrect Solution: a) Statements 1 and 2 are correct. In T+0, trades are settled on the same day, allowing quicker access to securities, especially for retail investors. However, T+0 has not yet been fully implemented in India, making statement 3 incorrect. T+0 and T+1 Settlement Cycles: T+0 Settlement: Refers to same-day settlement of trades where both funds and securities are exchanged on the same day. T+1 Settlement: In this system, trades are settled one business day after the transaction date. It was introduced in 2021 and has already been implemented in phases. Key Issue: Foreign portfolio investors (FPIs) are resisting T+0 due to the pre-funding requirements, and systems aren’t fully ready for seamless adoption. Significance on the Economy: Faster Settlements: Reduces the risks associated with delayed settlements and facilitates quicker access to funds and securities for investors. Efficiency for Retail Investors: T+0 can optimize fund utilization, particularly benefiting retail investors with limited capital. Improved Accuracy: T+1 has already led to reduced error rates in settlements, especially for FPIs, improving overall market efficiency.

#### 6. Question

Consider the following statements regarding the T+0 settlement cycle:

• It requires that both funds and securities be exchanged on the same day.

• It allows retail investors quicker access to securities.

• It has already been fully implemented in India.

Which of the above statements is/are correct?

• a) 1 and 2 only

• c) 2 and 3 only

• d) All of the above

Solution: a)

Statements 1 and 2 are correct. In T+0, trades are settled on the same day, allowing quicker access to securities, especially for retail investors. However, T+0 has not yet been fully implemented in India, making statement 3 incorrect.

T+0 and T+1 Settlement Cycles:

• T+0 Settlement: Refers to same-day settlement of trades where both funds and securities are exchanged on the same day.

• T+1 Settlement: In this system, trades are settled one business day after the transaction date. It was introduced in 2021 and has already been implemented in phases.

• Key Issue: Foreign portfolio investors (FPIs) are resisting T+0 due to the pre-funding requirements, and systems aren’t fully ready for seamless adoption.

Significance on the Economy:

• Faster Settlements: Reduces the risks associated with delayed settlements and facilitates quicker access to funds and securities for investors.

• Efficiency for Retail Investors: T+0 can optimize fund utilization, particularly benefiting retail investors with limited capital.

Improved Accuracy: T+1 has already led to reduced error rates in settlements, especially for FPIs, improving overall market efficiency.

Solution: a)

T+0 and T+1 Settlement Cycles:

• T+0 Settlement: Refers to same-day settlement of trades where both funds and securities are exchanged on the same day.

• T+1 Settlement: In this system, trades are settled one business day after the transaction date. It was introduced in 2021 and has already been implemented in phases.

• Key Issue: Foreign portfolio investors (FPIs) are resisting T+0 due to the pre-funding requirements, and systems aren’t fully ready for seamless adoption.

Significance on the Economy:

• Faster Settlements: Reduces the risks associated with delayed settlements and facilitates quicker access to funds and securities for investors.

• Efficiency for Retail Investors: T+0 can optimize fund utilization, particularly benefiting retail investors with limited capital.

Improved Accuracy: T+1 has already led to reduced error rates in settlements, especially for FPIs, improving overall market efficiency.

• Question 7 of 10 7. Question 1 points Consider the following statements about the jurisdiction of CAQM: It has jurisdiction over Delhi-NCR, Punjab, Haryana, Rajasthan, and Uttar Pradesh. CAQM’s directives are legally binding on all individuals and organizations. It has the authority to regulate vehicular emissions. It has powers to revoke licenses of polluting industries. Which of the above statements is/are correct? a) 1 and 2 only b) 2 and 3 only c) 3 and 4 only d) 1, 2, and 3 only Correct Solution: d) Statements 1, 2, and 3 are correct. CAQM has jurisdiction over Delhi-NCR and adjoining states, and its directives are legally binding. It can regulate vehicular emissions as part of its mandate. However, CAQM does not have the power to revoke licenses; this authority lies with state pollution control boards, making statement 4 incorrect. Incorrect Solution: d) Statements 1, 2, and 3 are correct. CAQM has jurisdiction over Delhi-NCR and adjoining states, and its directives are legally binding. It can regulate vehicular emissions as part of its mandate. However, CAQM does not have the power to revoke licenses; this authority lies with state pollution control boards, making statement 4 incorrect.

#### 7. Question

Consider the following statements about the jurisdiction of CAQM:

• It has jurisdiction over Delhi-NCR, Punjab, Haryana, Rajasthan, and Uttar Pradesh.

• CAQM’s directives are legally binding on all individuals and organizations.

• It has the authority to regulate vehicular emissions.

• It has powers to revoke licenses of polluting industries.

Which of the above statements is/are correct?

• a) 1 and 2 only

• b) 2 and 3 only

• c) 3 and 4 only

• d) 1, 2, and 3 only

Solution: d)

Statements 1, 2, and 3 are correct. CAQM has jurisdiction over Delhi-NCR and adjoining states, and its directives are legally binding. It can regulate vehicular emissions as part of its mandate. However, CAQM does not have the power to revoke licenses; this authority lies with state pollution control boards, making statement 4 incorrect.

Solution: d)

• Question 8 of 10 8. Question 1 points Consider the following statements about the T+1 settlement cycle: T+1 settlement refers to trades being settled one business day after the transaction. It was introduced in 2021 and has been implemented in phases. The T+1 settlement cycle has no impact on reducing the error rates in settlements. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statements 1 and 2 are correct. T+1 settlement means trades are settled one business day after the transaction, and it was introduced in 2021 in phases. Statement 3 is incorrect because T+1 has led to reduced error rates, particularly benefiting FPIs and overall market efficiency. Incorrect Solution: b) Statements 1 and 2 are correct. T+1 settlement means trades are settled one business day after the transaction, and it was introduced in 2021 in phases. Statement 3 is incorrect because T+1 has led to reduced error rates, particularly benefiting FPIs and overall market efficiency.

#### 8. Question

Consider the following statements about the T+1 settlement cycle:

• T+1 settlement refers to trades being settled one business day after the transaction.

• It was introduced in 2021 and has been implemented in phases.

• The T+1 settlement cycle has no impact on reducing the error rates in settlements.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: b)

Statements 1 and 2 are correct. T+1 settlement means trades are settled one business day after the transaction, and it was introduced in 2021 in phases. Statement 3 is incorrect because T+1 has led to reduced error rates, particularly benefiting FPIs and overall market efficiency.

Solution: b)

• Question 9 of 10 9. Question 1 points India holds the top position globally in which of the following categories in the Global Innovation Index 2024? a) Unicorn companies b) R&D spending c) Venture capital received d) ICT services exports Correct Solution: d) India ranks 1st globally in ICT services exports, showcasing its leadership in technology-driven services. However, it still faces challenges in R&D spending and manufacturing innovation. Incorrect Solution: d) India ranks 1st globally in ICT services exports, showcasing its leadership in technology-driven services. However, it still faces challenges in R&D spending and manufacturing innovation.

#### 9. Question

India holds the top position globally in which of the following categories in the Global Innovation Index 2024?

• a) Unicorn companies

• b) R&D spending

• c) Venture capital received

• d) ICT services exports

Solution: d)

India ranks 1st globally in ICT services exports, showcasing its leadership in technology-driven services. However, it still faces challenges in R&D spending and manufacturing innovation.

Solution: d)

India ranks 1st globally in ICT services exports, showcasing its leadership in technology-driven services. However, it still faces challenges in R&D spending and manufacturing innovation.

• Question 10 of 10 10. Question 1 points The Federal Reserve’s primary goals include which of the following? Maximum employment Stable prices High short-term interest rates Select the correct answer code: a) 1 only b) 1 and 2 only c) 2 and 3 only d) 1, 2, and 3 Correct Solution: b) The Fed’s primary goals are to achieve maximum employment and stable prices. While it also aims for moderate long-term interest rates, high short-term rates are not an explicit goal. These three objectives are known as the Fed’s dual mandate, focusing on fostering conditions that promote both economic growth and price stability. Incorrect Solution: b) The Fed’s primary goals are to achieve maximum employment and stable prices. While it also aims for moderate long-term interest rates, high short-term rates are not an explicit goal. These three objectives are known as the Fed’s dual mandate, focusing on fostering conditions that promote both economic growth and price stability.

#### 10. Question

The Federal Reserve’s primary goals include which of the following?

• Maximum employment

• Stable prices

• High short-term interest rates

Select the correct answer code:

• b) 1 and 2 only

• c) 2 and 3 only

• d) 1, 2, and 3

Solution: b)

The Fed’s primary goals are to achieve maximum employment and stable prices. While it also aims for moderate long-term interest rates, high short-term rates are not an explicit goal. These three objectives are known as the Fed’s dual mandate, focusing on fostering conditions that promote both economic growth and price stability.

Solution: b)

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