UPSC Editorials Quiz : 16 August 2024

Introducing QUED – Questions from Editorials (UPSC Editorials Quiz) , an innovative initiative from InsightsIAS. Considering the significant number of questions in previous UPSC Prelims from editorials, practicing MCQs from this perspective can provide an extra edge. While we cover important editorials separately in our Editorial Section and SECURE Initiative, adding QUED (UPSC Editorials Quiz) to your daily MCQ practice alongside Static Quiz, Current Affairs Quiz, and InstaDART can be crucial for better performance. We recommend utilizing this initiative to enhance your preparation, with 5 MCQs posted daily at 11 am from Monday to Saturday on our website under the QUIZ menu.

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• Question 1 of 5 1. Question Which of the following is not one of the three pillars of the PM Mudra Yojana scheme? a) Banking the Unbanked b) Securing the Unsecured c) Funding the Unfunded d) Empowering the Unemployed Correct Solution: d) The PM Mudra Yojana scheme is built on three fundamental pillars: Banking the Unbanked, Securing the Unsecured, and Funding the Unfunded. These pillars represent the core objectives of the scheme, focusing on financial inclusion, providing collateral-free loans, and extending credit to those who traditionally lack access to formal financial services. While the scheme may indirectly contribute to employment generation, ‘Empowering the Unemployed’ is not explicitly stated as one of its primary pillars. The three pillars emphasize the scheme’s focus on addressing specific gaps in the financial ecosystem for micro and small enterprises. Incorrect Solution: d) The PM Mudra Yojana scheme is built on three fundamental pillars: Banking the Unbanked, Securing the Unsecured, and Funding the Unfunded. These pillars represent the core objectives of the scheme, focusing on financial inclusion, providing collateral-free loans, and extending credit to those who traditionally lack access to formal financial services. While the scheme may indirectly contribute to employment generation, ‘Empowering the Unemployed’ is not explicitly stated as one of its primary pillars. The three pillars emphasize the scheme’s focus on addressing specific gaps in the financial ecosystem for micro and small enterprises.

#### 1. Question

Which of the following is not one of the three pillars of the PM Mudra Yojana scheme?

• a) Banking the Unbanked

• b) Securing the Unsecured

• c) Funding the Unfunded

• d) Empowering the Unemployed

Solution: d)

• The PM Mudra Yojana scheme is built on three fundamental pillars: Banking the Unbanked, Securing the Unsecured, and Funding the Unfunded.

• These pillars represent the core objectives of the scheme, focusing on financial inclusion, providing collateral-free loans, and extending credit to those who traditionally lack access to formal financial services.

• While the scheme may indirectly contribute to employment generation, ‘Empowering the Unemployed’ is not explicitly stated as one of its primary pillars.

• The three pillars emphasize the scheme’s focus on addressing specific gaps in the financial ecosystem for micro and small enterprises.

Solution: d)

• The PM Mudra Yojana scheme is built on three fundamental pillars: Banking the Unbanked, Securing the Unsecured, and Funding the Unfunded.

• While the scheme may indirectly contribute to employment generation, ‘Empowering the Unemployed’ is not explicitly stated as one of its primary pillars.

• The three pillars emphasize the scheme’s focus on addressing specific gaps in the financial ecosystem for micro and small enterprises.

• Question 2 of 5 2. Question Match the Geneva Conventions with their respective focuses: COLUMN 1 COLUMN 2 1. First Geneva Convention A. Protects civilians, including those in occupied territories 2. Second Geneva Convention B. Focuses on the treatment of prisoners of war 3. Third Geneva Convention C. Protects wounded and sick soldiers on land during war 4. Fourth Geneva Convention D. Extends protection to wounded, sick, and shipwrecked military personnel at sea Select the option with correct matching pairs below. a) 1-C, 2-D, 3-B, 4-A b) 1-D, 2-C, 3-A, 4-B c) 1-B, 2-A, 3-D, 4-C d) 1-A, 2-B, 3-C, 4-D Correct Solution: a) The Geneva Conventions are a set of international treaties that establish legal standards for humanitarian treatment during war. They form the core of international humanitarian law (IHL) and aim to limit the suffering of people who are not or no longer participating in hostilities, such as civilians, wounded soldiers, and prisoners of war. Adoption and History: The first Geneva Convention was adopted in 1864 to protect wounded soldiers on the battlefield. The current four Geneva Conventions were adopted on August 12, 1949, after World War II, to address the horrors of the war and provide comprehensive protection in armed conflicts. The Four Conventions: First Geneva Convention: Protects wounded and sick soldiers on land during war. Second Geneva Convention: Extends protection to wounded, sick, and shipwrecked military personnel at sea. Third Geneva Convention: Focuses on the treatment of prisoners of war. Fourth Geneva Convention: Protects civilians, including those in occupied territories, from inhumane treatment. Incorrect Solution: a) The Geneva Conventions are a set of international treaties that establish legal standards for humanitarian treatment during war. They form the core of international humanitarian law (IHL) and aim to limit the suffering of people who are not or no longer participating in hostilities, such as civilians, wounded soldiers, and prisoners of war. Adoption and History: The first Geneva Convention was adopted in 1864 to protect wounded soldiers on the battlefield. The current four Geneva Conventions were adopted on August 12, 1949, after World War II, to address the horrors of the war and provide comprehensive protection in armed conflicts. The Four Conventions: First Geneva Convention: Protects wounded and sick soldiers on land during war. Second Geneva Convention: Extends protection to wounded, sick, and shipwrecked military personnel at sea. Third Geneva Convention: Focuses on the treatment of prisoners of war. Fourth Geneva Convention: Protects civilians, including those in occupied territories, from inhumane treatment.

#### 2. Question

Match the Geneva Conventions with their respective focuses: COLUMN 1 COLUMN 2 1. First Geneva Convention A. Protects civilians, including those in occupied territories 2. Second Geneva Convention B. Focuses on the treatment of prisoners of war 3. Third Geneva Convention C. Protects wounded and sick soldiers on land during war 4. Fourth Geneva Convention D. Extends protection to wounded, sick, and shipwrecked military personnel at sea

Select the option with correct matching pairs below.

• a) 1-C, 2-D, 3-B, 4-A

• b) 1-D, 2-C, 3-A, 4-B

• c) 1-B, 2-A, 3-D, 4-C

• d) 1-A, 2-B, 3-C, 4-D

Solution: a)

The Geneva Conventions are a set of international treaties that establish legal standards for humanitarian treatment during war. They form the core of international humanitarian law (IHL) and aim to limit the suffering of people who are not or no longer participating in hostilities, such as civilians, wounded soldiers, and prisoners of war.

Adoption and History:

• The first Geneva Convention was adopted in 1864 to protect wounded soldiers on the battlefield.

• The current four Geneva Conventions were adopted on August 12, 1949, after World War II, to address the horrors of the war and provide comprehensive protection in armed conflicts.

The Four Conventions:

• First Geneva Convention: Protects wounded and sick soldiers on land during war. Second Geneva Convention: Extends protection to wounded, sick, and shipwrecked military personnel at sea. Third Geneva Convention: Focuses on the treatment of prisoners of war. Fourth Geneva Convention: Protects civilians, including those in occupied territories, from inhumane treatment.

• First Geneva Convention: Protects wounded and sick soldiers on land during war.

• Second Geneva Convention: Extends protection to wounded, sick, and shipwrecked military personnel at sea.

• Third Geneva Convention: Focuses on the treatment of prisoners of war.

• Fourth Geneva Convention: Protects civilians, including those in occupied territories, from inhumane treatment.

Solution: a)

Adoption and History:

• The first Geneva Convention was adopted in 1864 to protect wounded soldiers on the battlefield.

• The current four Geneva Conventions were adopted on August 12, 1949, after World War II, to address the horrors of the war and provide comprehensive protection in armed conflicts.

The Four Conventions:

• First Geneva Convention: Protects wounded and sick soldiers on land during war.

• Second Geneva Convention: Extends protection to wounded, sick, and shipwrecked military personnel at sea.

• Third Geneva Convention: Focuses on the treatment of prisoners of war.

• Fourth Geneva Convention: Protects civilians, including those in occupied territories, from inhumane treatment.

• Question 3 of 5 3. Question Which of the following is a feature of the loans provided under the PM Mudra Yojana? a) Loans are collateral-free b) Loans are interest-free c) Loans are only available to established businesses d) Loans require government guarantees Correct Solution: a) Feature of the scheme Features Description Full name Mudra – Micro Units Development & Refinance Agency Ltd Launch Year 2015 Ministry Department of Financial Services, Ministry of Finance Aim Providing loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises Three pillars of the scheme 1. Banking the Unbanked 2. Securing the Unsecured 3. Funding the Unfunded Funding Provision MUDRA, a financial institution set up by the government, provides funding to the small business sector through institutions like Scheduled commercial banks, NBFCs, and MFIs. MUDRA is a refinancing Institution. MUDRA does not lend directly to micro-entrepreneurs / individuals. Loan Products 1. Shishu (up to Rs. 50,000) 2. Kishore (above Rs. 50,000 and up to Rs. 5 lakh) 3. Tarun (above Rs. 5 lakh and up to Rs. 10 lakh) Collateral Loans under this scheme are collateral-free loans Target Beneficiaries Disadvantaged sections of society such as women entrepreneurs, SC/ST/OBC borrowers, minority community borrowers, and new entrepreneurs Products and Services Loans can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture Expansion PMMY has been expanded over time to cover activities related to agriculture, such as fishing, dairy, and food processing, and loans for tractors and power tillers, and two-wheelers for commercial use were included in PMMY Steps taken to improve the scheme udyamimitra portal (for online applications); End-to-end digital lending for automated sanctions under PMMY (by some banks); Nomination of Mudra Nodal Officers in PSBs; Interest Subvention of 2% on prompt repayment of Shishu loans Incorrect Solution: a) Feature of the scheme Features Description Full name Mudra – Micro Units Development & Refinance Agency Ltd Launch Year 2015 Ministry Department of Financial Services, Ministry of Finance Aim Providing loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises Three pillars of the scheme 1. Banking the Unbanked 2. Securing the Unsecured 3. Funding the Unfunded Funding Provision MUDRA, a financial institution set up by the government, provides funding to the small business sector through institutions like Scheduled commercial banks, NBFCs, and MFIs. MUDRA is a refinancing Institution. MUDRA does not lend directly to micro-entrepreneurs / individuals. Loan Products 1. Shishu (up to Rs. 50,000) 2. Kishore (above Rs. 50,000 and up to Rs. 5 lakh) 3. Tarun (above Rs. 5 lakh and up to Rs. 10 lakh) Collateral Loans under this scheme are collateral-free loans Target Beneficiaries Disadvantaged sections of society such as women entrepreneurs, SC/ST/OBC borrowers, minority community borrowers, and new entrepreneurs Products and Services Loans can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture Expansion PMMY has been expanded over time to cover activities related to agriculture, such as fishing, dairy, and food processing, and loans for tractors and power tillers, and two-wheelers for commercial use were included in PMMY Steps taken to improve the scheme udyamimitra portal (for online applications); End-to-end digital lending for automated sanctions under PMMY (by some banks); Nomination of Mudra Nodal Officers in PSBs; Interest Subvention of 2% on prompt repayment of Shishu loans

#### 3. Question

Which of the following is a feature of the loans provided under the PM Mudra Yojana?

• a) Loans are collateral-free

• b) Loans are interest-free

• c) Loans are only available to established businesses

• d) Loans require government guarantees

Solution: a)

Feature of the scheme

Features | Description

Full name | Mudra – Micro Units Development & Refinance Agency Ltd

Launch Year | 2015

Ministry | Department of Financial Services, Ministry of Finance

Aim | Providing loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises

Three pillars of the scheme | 1. Banking the Unbanked 2. Securing the Unsecured 3. Funding the Unfunded

Funding Provision | MUDRA, a financial institution set up by the government, provides funding to the small business sector through institutions like Scheduled commercial banks, NBFCs, and MFIs. MUDRA is a refinancing Institution. MUDRA does not lend directly to micro-entrepreneurs / individuals.

Loan Products | 1. Shishu (up to Rs. 50,000) 2. Kishore (above Rs. 50,000 and up to Rs. 5 lakh) 3. Tarun (above Rs. 5 lakh and up to Rs. 10 lakh)

Collateral | Loans under this scheme are collateral-free loans

Target Beneficiaries | Disadvantaged sections of society such as women entrepreneurs, SC/ST/OBC borrowers, minority community borrowers, and new entrepreneurs

Products and Services | Loans can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture

Expansion | PMMY has been expanded over time to cover activities related to agriculture, such as fishing, dairy, and food processing, and loans for tractors and power tillers, and two-wheelers for commercial use were included in PMMY

Steps taken to improve the scheme | udyamimitra portal (for online applications); End-to-end digital lending for automated sanctions under PMMY (by some banks); Nomination of Mudra Nodal Officers in PSBs; Interest Subvention of 2% on prompt repayment of Shishu loans

2. Securing the Unsecured

1.Funding the Unfunded

MUDRA is a refinancing Institution. MUDRA does not lend directly to micro-entrepreneurs / individuals.

1.Kishore (above Rs. 50,000 and up to Rs. 5 lakh)

1.Tarun (above Rs. 5 lakh and up to Rs. 10 lakh)

Solution: a)

Feature of the scheme

Features | Description

Full name | Mudra – Micro Units Development & Refinance Agency Ltd

Launch Year | 2015

Ministry | Department of Financial Services, Ministry of Finance

Aim | Providing loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises

Three pillars of the scheme | 1. Banking the Unbanked 2. Securing the Unsecured 3. Funding the Unfunded

Loan Products | 1. Shishu (up to Rs. 50,000) 2. Kishore (above Rs. 50,000 and up to Rs. 5 lakh) 3. Tarun (above Rs. 5 lakh and up to Rs. 10 lakh)

Collateral | Loans under this scheme are collateral-free loans

Target Beneficiaries | Disadvantaged sections of society such as women entrepreneurs, SC/ST/OBC borrowers, minority community borrowers, and new entrepreneurs

Products and Services | Loans can be used for income-generating activities in the manufacturing, trading, services sector, and agriculture

2. Securing the Unsecured

1.Funding the Unfunded

MUDRA is a refinancing Institution. MUDRA does not lend directly to micro-entrepreneurs / individuals.

1.Kishore (above Rs. 50,000 and up to Rs. 5 lakh)

1.Tarun (above Rs. 5 lakh and up to Rs. 10 lakh)

• Question 4 of 5 4. Question Match the following Pradhan Mantri schemes with their main objectives or features: COLUMN 1 COLUMN 2 1. Pradhan Mantri Mudra Yojana A. Financial inclusion and universal access to banking services 2. Pradhan Mantri Matru Vandana Yojana B. Cash incentives for pregnant and lactating mothers 3. Pradhan Mantri Jan Dhan Yojana C. Loans up to Rs. 10 lakh for non-corporate, non-farm small/micro-enterprises 4. Pradhan Mantri Matsya Sampada Yojana D. Sustainable development of the fisheries sector Select the option with correct matching pairs below. a) 1-C, 2-D, 3-A, 4-B b) 1-A, 2-B, 3-C, 4-D c) 1-C, 2-B, 3-A, 4-D d) 1-D, 2-B, 3-A, 4-C Correct Solution: c) Pradhan Mantri Mudra Yojana aims to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises. Pradhan Mantri Matru Vandana Yojana provides cash incentives for pregnant and lactating mothers. Pradhan Mantri Jan Dhan Yojana is a financial inclusion scheme for universal access to banking services. Pradhan Mantri Matsya Sampada Yojana focuses on sustainable development of the fisheries sector in India. Incorrect Solution: c) Pradhan Mantri Mudra Yojana aims to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises. Pradhan Mantri Matru Vandana Yojana provides cash incentives for pregnant and lactating mothers. Pradhan Mantri Jan Dhan Yojana is a financial inclusion scheme for universal access to banking services. Pradhan Mantri Matsya Sampada Yojana focuses on sustainable development of the fisheries sector in India.

#### 4. Question

Match the following Pradhan Mantri schemes with their main objectives or features: COLUMN 1 COLUMN 2 1. Pradhan Mantri Mudra Yojana A. Financial inclusion and universal access to banking services 2. Pradhan Mantri Matru Vandana Yojana B. Cash incentives for pregnant and lactating mothers 3. Pradhan Mantri Jan Dhan Yojana C. Loans up to Rs. 10 lakh for non-corporate, non-farm small/micro-enterprises 4. Pradhan Mantri Matsya Sampada Yojana D. Sustainable development of the fisheries sector

Select the option with correct matching pairs below.

• a) 1-C, 2-D, 3-A, 4-B

• b) 1-A, 2-B, 3-C, 4-D

• c) 1-C, 2-B, 3-A, 4-D

• d) 1-D, 2-B, 3-A, 4-C

Solution: c)

• Pradhan Mantri Mudra Yojana aims to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises.

• Pradhan Mantri Matru Vandana Yojana provides cash incentives for pregnant and lactating mothers.

• Pradhan Mantri Jan Dhan Yojana is a financial inclusion scheme for universal access to banking services.

• Pradhan Mantri Matsya Sampada Yojana focuses on sustainable development of the fisheries sector in India.

Solution: c)

• Pradhan Mantri Mudra Yojana aims to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro-enterprises.

• Pradhan Mantri Matru Vandana Yojana provides cash incentives for pregnant and lactating mothers.

• Pradhan Mantri Jan Dhan Yojana is a financial inclusion scheme for universal access to banking services.

• Pradhan Mantri Matsya Sampada Yojana focuses on sustainable development of the fisheries sector in India.

• Question 5 of 5 5. Question Which of the following sports and events are presently not part of Olympic schedule? Live pigeon shooting Tennis Hot air ballooning Tug-of-war Volleyball How many of the above options is/are correct? a) Only two b) Only three c) Only four d) All five Correct Solution: b) Options 1, 3 and 4 are correct. There are 32 different sports at the ongoing 2024 Paris Olympics, including tennis, volleyball, soccer, and various genres of wrestling, aquatics, gymnastics, and cycling. Over the years, however, many sports and events have disappeared from the Olympic schedule. Here is a look at five such events. Live pigeon shooting (1900) Hot air ballooning (1900) Tug-of-war (1900 to 1920) Plunge for the distance (1904-1908) Running deer shooting (1908-1924) Source Incorrect Solution: b) Options 1, 3 and 4 are correct. There are 32 different sports at the ongoing 2024 Paris Olympics, including tennis, volleyball, soccer, and various genres of wrestling, aquatics, gymnastics, and cycling. Over the years, however, many sports and events have disappeared from the Olympic schedule. Here is a look at five such events. Live pigeon shooting (1900) Hot air ballooning (1900) Tug-of-war (1900 to 1920) Plunge for the distance (1904-1908) Running deer shooting (1908-1924) Source

#### 5. Question

Which of the following sports and events are presently not part of Olympic schedule?

• Live pigeon shooting

• Hot air ballooning

• Tug-of-war

• Volleyball

How many of the above options is/are correct?

• a) Only two

• b) Only three

• c) Only four

• d) All five

Solution: b)

Options 1, 3 and 4 are correct.

There are 32 different sports at the ongoing 2024 Paris Olympics, including tennis, volleyball, soccer, and various genres of wrestling, aquatics, gymnastics, and cycling. Over the years, however, many sports and events have disappeared from the Olympic schedule. Here is a look at five such events.

• Live pigeon shooting (1900)

• Hot air ballooning (1900)

• Tug-of-war (1900 to 1920)

• Plunge for the distance (1904-1908)

• Running deer shooting (1908-1924)

Solution: b)

Options 1, 3 and 4 are correct.

• Live pigeon shooting (1900)

• Hot air ballooning (1900)

• Tug-of-war (1900 to 1920)

• Plunge for the distance (1904-1908)

• Running deer shooting (1908-1924)

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