UPSC Editorials Quiz : 2 August 2024
Kartavya Desk Staff
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 Consider the following statements regarding Economic Survey. Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close. It is prepared by the Department of Expenditure in the Union Finance Ministry, under the guidance of the Chief Economic Adviser. The first Economic Survey was presented for 1950-51 and since then it is released a day before the Budget. The assessment and recommendations carried out in the survey are binding on the Budget. How many of the above statements is/are correct? a) Only one b) Only two c) Only three d) None Correct Solution: a) Only Statement 1 is correct. The Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close. It is prepared by the Economic Division of the Department of Economic Affairs (DEA) in the Union Finance Ministry, under the guidance of the Chief Economic Adviser. Once prepared, the Survey is approved by the Finance Minister. The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget Even though it comes just a day before the Budget, the assessment and recommendations carried out in the survey are not binding on the Budget. Source Incorrect Solution: a) Only Statement 1 is correct. The Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close. It is prepared by the Economic Division of the Department of Economic Affairs (DEA) in the Union Finance Ministry, under the guidance of the Chief Economic Adviser. Once prepared, the Survey is approved by the Finance Minister. The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget Even though it comes just a day before the Budget, the assessment and recommendations carried out in the survey are not binding on the Budget. Source
#### 1. Question
Consider the following statements regarding Economic Survey.
• Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close.
• It is prepared by the Department of Expenditure in the Union Finance Ministry, under the guidance of the Chief Economic Adviser.
• The first Economic Survey was presented for 1950-51 and since then it is released a day before the Budget.
• The assessment and recommendations carried out in the survey are binding on the Budget.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) Only three
Solution: a)
Only Statement 1 is correct.
The Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close. It is prepared by the Economic Division of the Department of Economic Affairs (DEA) in the Union Finance Ministry, under the guidance of the Chief Economic Adviser. Once prepared, the Survey is approved by the Finance Minister.
The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget
Even though it comes just a day before the Budget, the assessment and recommendations carried out in the survey are not binding on the Budget.
Solution: a)
Only Statement 1 is correct.
The Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close. It is prepared by the Economic Division of the Department of Economic Affairs (DEA) in the Union Finance Ministry, under the guidance of the Chief Economic Adviser. Once prepared, the Survey is approved by the Finance Minister.
The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget
Even though it comes just a day before the Budget, the assessment and recommendations carried out in the survey are not binding on the Budget.
• Question 2 of 5 2. Question Consider the following statements regarding climate finance taxonomy. It is a new concept given by India in the Union Budget for 2024-25. It classifies which parts of the economy may be marketed as sustainable investments. For India, a taxonomy could bring in more climate funds from international sources. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 1 is incorrect. Finance Minister, while presenting the Union Budget for 2024-25 on July 23, announced that the government would develop a ‘climate finance taxonomy’ to enhance the availability of capital for climate adaptation and mitigation. This will help India achieve its climate commitments and green transition. A climate finance taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle climate change. For India, a taxonomy could bring in more climate funds from international sources. Many countries have either started to work on their taxonomy or finalised one. South Africa, Colombia, South Korea, Thailand, Singapore, Canada, and Mexico are some of the countries which have developed taxonomies. The European Union has done this as well. Source Incorrect Solution: b) Statement 1 is incorrect. Finance Minister, while presenting the Union Budget for 2024-25 on July 23, announced that the government would develop a ‘climate finance taxonomy’ to enhance the availability of capital for climate adaptation and mitigation. This will help India achieve its climate commitments and green transition. A climate finance taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle climate change. For India, a taxonomy could bring in more climate funds from international sources. Many countries have either started to work on their taxonomy or finalised one. South Africa, Colombia, South Korea, Thailand, Singapore, Canada, and Mexico are some of the countries which have developed taxonomies. The European Union has done this as well. Source
#### 2. Question
Consider the following statements regarding climate finance taxonomy.
• It is a new concept given by India in the Union Budget for 2024-25.
• It classifies which parts of the economy may be marketed as sustainable investments.
• For India, a taxonomy could bring in more climate funds from international sources.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 1 is incorrect.
Finance Minister, while presenting the Union Budget for 2024-25 on July 23, announced that the government would develop a ‘climate finance taxonomy’ to enhance the availability of capital for climate adaptation and mitigation. This will help India achieve its climate commitments and green transition.
A climate finance taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle climate change.
For India, a taxonomy could bring in more climate funds from international sources.
Many countries have either started to work on their taxonomy or finalised one. South Africa, Colombia, South Korea, Thailand, Singapore, Canada, and Mexico are some of the countries which have developed taxonomies. The European Union has done this as well.
Solution: b)
Statement 1 is incorrect.
Finance Minister, while presenting the Union Budget for 2024-25 on July 23, announced that the government would develop a ‘climate finance taxonomy’ to enhance the availability of capital for climate adaptation and mitigation. This will help India achieve its climate commitments and green transition.
A climate finance taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle climate change.
For India, a taxonomy could bring in more climate funds from international sources.
Many countries have either started to work on their taxonomy or finalised one. South Africa, Colombia, South Korea, Thailand, Singapore, Canada, and Mexico are some of the countries which have developed taxonomies. The European Union has done this as well.
• Question 3 of 5 3. Question Which of the following are India’s climate commitments, announced in recent years? India aims to achieve net-zero economy by 2050. India has pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level. India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 1 is incorrect. India aims to achieve net-zero economy by 2070. It has also pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level. India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 as well. Source Incorrect Solution: b) Statement 1 is incorrect. India aims to achieve net-zero economy by 2070. It has also pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level. India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 as well. Source
#### 3. Question
Which of the following are India’s climate commitments, announced in recent years?
• India aims to achieve net-zero economy by 2050.
• India has pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level.
• India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 1 is incorrect.
India aims to achieve net-zero economy by 2070. It has also pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level. India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 as well.
Solution: b)
Statement 1 is incorrect.
India aims to achieve net-zero economy by 2070. It has also pledged to reduce the emissions intensity of its GDP by 45% by 2030, from the 2005 level. India has committed to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 as well.
• Question 4 of 5 4. Question Consider the following statements regarding Habitat Rights. Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means and protection of their natural and cultural heritage. They empower Particularly Vulnerable Tribal Group (PVTG) communities to access government schemes and initiatives to develop their habitats. In India, more than half of Particularly Vulnerable Tribal Groups (PVTGs) have been granted habitat rights. 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. The Baiga Particularly Vulnerable Tribal Group (PVTG) in Chhattisgarh has been granted habitat rights, making it the second PVTG to receive such rights in the state. Out of 75 PVTGs in India, only three have received habitat rights, including the Bharia PVTG in Madhya Pradesh, the Kamar tribe, and now the Baiga tribe in Chhattisgarh. About Habitat Rights: Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means, biodiversity knowledge, and protection of their natural and cultural heritage. Habitat rights help safeguard traditional livelihoods and ecological knowledge, and they empower PVTG communities to access government schemes and initiatives to develop their habitats. Incorrect Solution: b) Statement 3 is incorrect. The Baiga Particularly Vulnerable Tribal Group (PVTG) in Chhattisgarh has been granted habitat rights, making it the second PVTG to receive such rights in the state. Out of 75 PVTGs in India, only three have received habitat rights, including the Bharia PVTG in Madhya Pradesh, the Kamar tribe, and now the Baiga tribe in Chhattisgarh. About Habitat Rights: Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means, biodiversity knowledge, and protection of their natural and cultural heritage. Habitat rights help safeguard traditional livelihoods and ecological knowledge, and they empower PVTG communities to access government schemes and initiatives to develop their habitats.
#### 4. Question
Consider the following statements regarding Habitat Rights.
• Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means and protection of their natural and cultural heritage.
• They empower Particularly Vulnerable Tribal Group (PVTG) communities to access government schemes and initiatives to develop their habitats.
• In India, more than half of Particularly Vulnerable Tribal Groups (PVTGs) have been granted habitat rights.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 3 is incorrect.
The Baiga Particularly Vulnerable Tribal Group (PVTG) in Chhattisgarh has been granted habitat rights, making it the second PVTG to receive such rights in the state.
Out of 75 PVTGs in India, only three have received habitat rights, including the Bharia PVTG in Madhya Pradesh, the Kamar tribe, and now the Baiga tribe in Chhattisgarh.
About Habitat Rights:
• Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means, biodiversity knowledge, and protection of their natural and cultural heritage.
Habitat rights help safeguard traditional livelihoods and ecological knowledge, and they empower PVTG communities to access government schemes and initiatives to develop their habitats.
Solution: b)
Statement 3 is incorrect.
The Baiga Particularly Vulnerable Tribal Group (PVTG) in Chhattisgarh has been granted habitat rights, making it the second PVTG to receive such rights in the state.
Out of 75 PVTGs in India, only three have received habitat rights, including the Bharia PVTG in Madhya Pradesh, the Kamar tribe, and now the Baiga tribe in Chhattisgarh.
About Habitat Rights:
• Habitat rights are granted under the Forest Rights Act and provide communities with rights over their customary territories, cultural practices, livelihood means, biodiversity knowledge, and protection of their natural and cultural heritage.
Habitat rights help safeguard traditional livelihoods and ecological knowledge, and they empower PVTG communities to access government schemes and initiatives to develop their habitats.
• Question 5 of 5 5. Question Consider the following statements regarding Resilient and Inclusive Supply-chain Enhancement (RISE) initiative. Resilient and Inclusive Supply-chain Enhancement (RISE) initiative was launched by World Bank and India. The initiative is designed to tackle climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing. The initiative aims to stimulate economic growth and contribute to poverty reduction. How many of the above statements is/are incorrect? a) Only one b) Only two c) All three d) None Correct Solution: a) Statement 1 is incorrect. The World Bank and Japan, have launched the Resilient and Inclusive Supply-chain Enhancement (RISE) initiative in Morocco. This initiative is designed to tackle the dual challenges of job creation and climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing and increasing their participation in the minerals industry. The initiative aims to stimulate economic growth and generate local employment opportunities, ultimately contributing to poverty reduction. This collaborative effort emphasizes the importance of international cooperation in promoting economic growth in these countries while strengthening clean energy and critical minerals supply chains. Incorrect Solution: a) Statement 1 is incorrect. The World Bank and Japan, have launched the Resilient and Inclusive Supply-chain Enhancement (RISE) initiative in Morocco. This initiative is designed to tackle the dual challenges of job creation and climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing and increasing their participation in the minerals industry. The initiative aims to stimulate economic growth and generate local employment opportunities, ultimately contributing to poverty reduction. This collaborative effort emphasizes the importance of international cooperation in promoting economic growth in these countries while strengthening clean energy and critical minerals supply chains.
#### 5. Question
Consider the following statements regarding Resilient and Inclusive Supply-chain Enhancement (RISE) initiative.
• Resilient and Inclusive Supply-chain Enhancement (RISE) initiative was launched by World Bank and India.
• The initiative is designed to tackle climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing.
• The initiative aims to stimulate economic growth and contribute to poverty reduction.
How many of the above statements is/are incorrect?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statement 1 is incorrect.
• The World Bank and Japan, have launched the Resilient and Inclusive Supply-chain Enhancement (RISE) initiative in Morocco.
• This initiative is designed to tackle the dual challenges of job creation and climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing and increasing their participation in the minerals industry.
• The initiative aims to stimulate economic growth and generate local employment opportunities, ultimately contributing to poverty reduction.
This collaborative effort emphasizes the importance of international cooperation in promoting economic growth in these countries while strengthening clean energy and critical minerals supply chains.
Solution: a)
Statement 1 is incorrect.
• The World Bank and Japan, have launched the Resilient and Inclusive Supply-chain Enhancement (RISE) initiative in Morocco.
• This initiative is designed to tackle the dual challenges of job creation and climate change by aiding emerging markets and developing countries in expanding their clean-energy product manufacturing and increasing their participation in the minerals industry.
• The initiative aims to stimulate economic growth and generate local employment opportunities, ultimately contributing to poverty reduction.
This collaborative effort emphasizes the importance of international cooperation in promoting economic growth in these countries while strengthening clean energy and critical minerals supply chains.
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