UPSC Editorials Quiz : 30 May 2024

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Introducing QUED – Questions from Editorials, 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 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. Best of luck! 🙂

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• Question 1 of 5 1. Question Which of the following All India Financial Institutions (AIFIs) are under RBI regulation? National Housing Bank (NHB) National Bank for Agriculture and Rural Development (Nabard) National Bank for Financing Infrastructure and Development (NaBFID) Small Industries Development Bank of India (SIDBI) Export-Import Bank of India (EXIM Bank) How many of the above options is/are correct? (a) Only two (b) Only three (c) Only four (d) All five Correct Solution: d) The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024. India has five AIFIs under RBI regulation: Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (Nabard), National Bank for Financing Infrastructure and Development (NaBFID), National Housing Bank (NHB), and Small Industries Development Bank of India (SIDBI). The key provisions of the new norms are as follows: Capital Adequacy: AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024. This includes a minimum tier-I capital of 7 percent and common equity tier-I (CET-1) capital of 5.5 percent. Consolidation of Financial Subsidiaries: All financial subsidiaries, except those involved in insurance and non-financial activities (both regulated and unregulated), must be fully consolidated for the purpose of capital adequacy. Investment Caps: The RBI has imposed limits on AIFIs’ investments in capital instruments of banking, financial, and insurance entities, capping them at 10 percent of their capital funds. Equity Investment Limits: AIFIs’ equity investment in a single entity cannot exceed 49 percent of the equity of the investee. Capital Planning and Risk Management: AIFIs are advised to focus on effective and efficient capital planning and long-term capital maintenance. Incorrect Solution: d) The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024. India has five AIFIs under RBI regulation: Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (Nabard), National Bank for Financing Infrastructure and Development (NaBFID), National Housing Bank (NHB), and Small Industries Development Bank of India (SIDBI). The key provisions of the new norms are as follows: Capital Adequacy: AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024. This includes a minimum tier-I capital of 7 percent and common equity tier-I (CET-1) capital of 5.5 percent. Consolidation of Financial Subsidiaries: All financial subsidiaries, except those involved in insurance and non-financial activities (both regulated and unregulated), must be fully consolidated for the purpose of capital adequacy. Investment Caps: The RBI has imposed limits on AIFIs’ investments in capital instruments of banking, financial, and insurance entities, capping them at 10 percent of their capital funds. Equity Investment Limits: AIFIs’ equity investment in a single entity cannot exceed 49 percent of the equity of the investee. Capital Planning and Risk Management: AIFIs are advised to focus on effective and efficient capital planning and long-term capital maintenance.

#### 1. Question

Which of the following All India Financial Institutions (AIFIs) are under RBI regulation?

• National Housing Bank (NHB)

• National Bank for Agriculture and Rural Development (Nabard)

• National Bank for Financing Infrastructure and Development (NaBFID)

• Small Industries Development Bank of India (SIDBI)

• Export-Import Bank of India (EXIM Bank)

How many of the above options is/are correct?

• (a) Only two

• (b) Only three

• (c) Only four

• (d) All five

Solution: d)

The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024.

India has five AIFIs under RBI regulation: Export-Import Bank of India (EXIM Bank), National Bank for Agriculture and Rural Development (Nabard), National Bank for Financing Infrastructure and Development (NaBFID), National Housing Bank (NHB), and Small Industries Development Bank of India (SIDBI).

The key provisions of the new norms are as follows:

• Capital Adequacy: AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024. This includes a minimum tier-I capital of 7 percent and common equity tier-I (CET-1) capital of 5.5 percent.

• Consolidation of Financial Subsidiaries: All financial subsidiaries, except those involved in insurance and non-financial activities (both regulated and unregulated), must be fully consolidated for the purpose of capital adequacy.

• Investment Caps: The RBI has imposed limits on AIFIs’ investments in capital instruments of banking, financial, and insurance entities, capping them at 10 percent of their capital funds.

• Equity Investment Limits: AIFIs’ equity investment in a single entity cannot exceed 49 percent of the equity of the investee.

• Capital Planning and Risk Management: AIFIs are advised to focus on effective and efficient capital planning and long-term capital maintenance.

Solution: d)

The Reserve Bank of India (RBI) has introduced new norms based on the Basel III capital framework for All India Financial Institutions (AIFIs), which will take effect from April 2024.

The key provisions of the new norms are as follows:

• Investment Caps: The RBI has imposed limits on AIFIs’ investments in capital instruments of banking, financial, and insurance entities, capping them at 10 percent of their capital funds.

• Equity Investment Limits: AIFIs’ equity investment in a single entity cannot exceed 49 percent of the equity of the investee.

• Capital Planning and Risk Management: AIFIs are advised to focus on effective and efficient capital planning and long-term capital maintenance.

• Question 2 of 5 2. Question Consider the following statements regarding Chinar trees. Chinar trees are large deciduous trees known for their longevity and vibrant foliage. In autumn, its green leaves transform into shades of red, amber, and yellow. It is the State tree of Tamil Nadu. 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. Chinar trees are large deciduous trees knownfor their longevity and vibrant foliage. In autumn, its green leaves transform into shades of red, amber, and yellow. The chinar holds cultural significance in Kashmir. Muslim Kashmiris believe it was brought by Islamic preachers from Iran, while Hindu Kashmiris associate it with Hindu goddess Bhavani. It is the State treeof the Union territory of Jammu and Kashmir Incorrect Solution: b) Statement 3 is incorrect. Chinar trees are large deciduous trees knownfor their longevity and vibrant foliage. In autumn, its green leaves transform into shades of red, amber, and yellow. The chinar holds cultural significance in Kashmir. Muslim Kashmiris believe it was brought by Islamic preachers from Iran, while Hindu Kashmiris associate it with Hindu goddess Bhavani. It is the State treeof the Union territory of Jammu and Kashmir

#### 2. Question

Consider the following statements regarding Chinar trees.

• Chinar trees are large deciduous trees known for their longevity and vibrant foliage.

• In autumn, its green leaves transform into shades of red, amber, and yellow.

• It is the State tree of Tamil Nadu.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) All three

Solution: b)

Statement 3 is incorrect.

• Chinar trees are large deciduous trees knownfor their longevity and vibrant foliage. In autumn, its green leaves transform into shades of red, amber, and yellow.

• The chinar holds cultural significance in Kashmir. Muslim Kashmiris believe it was brought by Islamic preachers from Iran, while Hindu Kashmiris associate it with Hindu goddess Bhavani. It is the State treeof the Union territory of Jammu and Kashmir

Solution: b)

Statement 3 is incorrect.

• Chinar trees are large deciduous trees knownfor their longevity and vibrant foliage. In autumn, its green leaves transform into shades of red, amber, and yellow.

• Question 3 of 5 3. Question Consider the following statements regarding Carnelian beads. Carnelian beads are mainly found in north-eastern region of India. Carnelian is a reddish-brown to orange variety of chalcedony, a type of microcrystalline quartz. They have been used for jewellery and ornamental purposes for centuries. 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. Excavations in Keeladi have uncovered two carnelian beads, reaffirming the historical trade connections between Tamil Nadu and the western regions of India, specifically Maharashtra and Gujarat. These carnelian beads, normally found in Gujarat and Maharashtra, were discovered within an urn at a burial site in Konthagai during the excavation. Carnelian beads are small decorative objects made from carnelian gemstones. Carnelian is a reddish-brown to orange variety of chalcedony, a type of microcrystalline quartz. These beads are prized for their vibrant colours and have been used for jewellery and ornamental purposes for centuries. Incorrect Solution: a) Statement 1 is incorrect. Excavations in Keeladi have uncovered two carnelian beads, reaffirming the historical trade connections between Tamil Nadu and the western regions of India, specifically Maharashtra and Gujarat. These carnelian beads, normally found in Gujarat and Maharashtra, were discovered within an urn at a burial site in Konthagai during the excavation. Carnelian beads are small decorative objects made from carnelian gemstones. Carnelian is a reddish-brown to orange variety of chalcedony, a type of microcrystalline quartz. These beads are prized for their vibrant colours and have been used for jewellery and ornamental purposes for centuries.

#### 3. Question

Consider the following statements regarding Carnelian beads.

• Carnelian beads are mainly found in north-eastern region of India.

• Carnelian is a reddish-brown to orange variety of chalcedony, a type of microcrystalline quartz.

• They have been used for jewellery and ornamental purposes for centuries.

How many of the above statements is/are incorrect?

• a) Only one

• b) Only two

• c) All three

Solution: a)

Statement 1 is incorrect.

Excavations in Keeladi have uncovered two carnelian beads, reaffirming the historical trade connections between Tamil Nadu and the western regions of India, specifically Maharashtra and Gujarat.

These carnelian beads, normally found in Gujarat and Maharashtra, were discovered within an urn at a burial site in Konthagai during the excavation.

Carnelian beads are small decorative objects made from carnelian gemstones. Carnelian is a reddish-brown to orange variety of chalcedony, a type of microcrystalline quartz. These beads are prized for their vibrant colours and have been used for jewellery and ornamental purposes for centuries.

Solution: a)

Statement 1 is incorrect.

Excavations in Keeladi have uncovered two carnelian beads, reaffirming the historical trade connections between Tamil Nadu and the western regions of India, specifically Maharashtra and Gujarat.

These carnelian beads, normally found in Gujarat and Maharashtra, were discovered within an urn at a burial site in Konthagai during the excavation.

• Question 4 of 5 4. Question Consider the following statements regarding Rashtriya Vigyan Puraskar. Rashtriya Vigyan Puraskar aim to acknowledge exceptional contributions made by technologists and innovators, whether individually or in teams, across various domains of science and technology. It recognizes lifetime achievements and contributions in any field of science and technology. People of Indian Origin residing abroad whose contributions have benefited Indian society are eligible for the award. It is not open to individuals working in government sector. How many of the above statements is/are correct? a) Only one b) Only two c) Only three d) All four Correct Solution: c) Statement 4 is incorrect. The Government of India has introduced a new set of National Awards in the field of Science, Technology, and Innovation called “Rashtriya Vigyan Puraskar.” These awards aim to acknowledge exceptional contributions made by scientists, technologists, and innovators, whether individually or in teams, across various domains of science and technology. It is open to individuals working in government, private sector organizations, or independently, as well as to People of Indian Origin residing abroad whose contributions have benefited Indian society. These awards are categorized as follows: Vigyan Ratna (VR) award: Recognizing lifetime achievements and contributions in any field of science and technology. Vigyan Shri (VS) award: Acknowledging distinguished contributions in any field of science and technology. Vigyan Yuva-Shanti Swarup Bhatnagar (VY-SSB) award: Encouraging young scientists under the age of 45 who have made exceptional contributions in any field of science and technology. Vigyan Team (VT) award: Presented to teams comprising three or more scientists, researchers, or innovators who have made exceptional contributions while working collaboratively in any field of science and technology. The Rashtriya Vigyan Puraskar covers 13 domains, including Physics, Chemistry, Biological Sciences, Mathematics & Computer Science, Earth Science, Medicine, Engineering Sciences, Agricultural Science, Environmental Science, Technology & Innovation, Atomic Energy, Space Science and Technology, and Others. Incorrect Solution: c) Statement 4 is incorrect. The Government of India has introduced a new set of National Awards in the field of Science, Technology, and Innovation called “Rashtriya Vigyan Puraskar.” These awards aim to acknowledge exceptional contributions made by scientists, technologists, and innovators, whether individually or in teams, across various domains of science and technology. It is open to individuals working in government, private sector organizations, or independently, as well as to People of Indian Origin residing abroad whose contributions have benefited Indian society. These awards are categorized as follows: Vigyan Ratna (VR) award: Recognizing lifetime achievements and contributions in any field of science and technology. Vigyan Shri (VS) award: Acknowledging distinguished contributions in any field of science and technology. Vigyan Yuva-Shanti Swarup Bhatnagar (VY-SSB) award: Encouraging young scientists under the age of 45 who have made exceptional contributions in any field of science and technology. Vigyan Team (VT) award: Presented to teams comprising three or more scientists, researchers, or innovators who have made exceptional contributions while working collaboratively in any field of science and technology. The Rashtriya Vigyan Puraskar covers 13 domains, including Physics, Chemistry, Biological Sciences, Mathematics & Computer Science, Earth Science, Medicine, Engineering Sciences, Agricultural Science, Environmental Science, Technology & Innovation, Atomic Energy, Space Science and Technology, and Others.

#### 4. Question

Consider the following statements regarding Rashtriya Vigyan Puraskar.

• Rashtriya Vigyan Puraskar aim to acknowledge exceptional contributions made by technologists and innovators, whether individually or in teams, across various domains of science and technology.

• It recognizes lifetime achievements and contributions in any field of science and technology.

• People of Indian Origin residing abroad whose contributions have benefited Indian society are eligible for the award.

• It is not open to individuals working in government sector.

How many of the above statements is/are correct?

• a) Only one

• b) Only two

• c) Only three

• d) All four

Solution: c)

Statement 4 is incorrect.

• The Government of India has introduced a new set of National Awards in the field of Science, Technology, and Innovation called “Rashtriya Vigyan Puraskar.”

• These awards aim to acknowledge exceptional contributions made by scientists, technologists, and innovators, whether individually or in teams, across various domains of science and technology.

• It is open to individuals working in government, private sector organizations, or independently, as well as to People of Indian Origin residing abroad whose contributions have benefited Indian society.

These awards are categorized as follows:

• Vigyan Ratna (VR) award: Recognizing lifetime achievements and contributions in any field of science and technology.

• Vigyan Shri (VS) award: Acknowledging distinguished contributions in any field of science and technology.

• Vigyan Yuva-Shanti Swarup Bhatnagar (VY-SSB) award: Encouraging young scientists under the age of 45 who have made exceptional contributions in any field of science and technology.

• Vigyan Team (VT) award: Presented to teams comprising three or more scientists, researchers, or innovators who have made exceptional contributions while working collaboratively in any field of science and technology.

The Rashtriya Vigyan Puraskar covers 13 domains, including Physics, Chemistry, Biological Sciences, Mathematics & Computer Science, Earth Science, Medicine, Engineering Sciences, Agricultural Science, Environmental Science, Technology & Innovation, Atomic Energy, Space Science and Technology, and Others.

Solution: c)

Statement 4 is incorrect.

• The Government of India has introduced a new set of National Awards in the field of Science, Technology, and Innovation called “Rashtriya Vigyan Puraskar.”

These awards are categorized as follows:

• Vigyan Ratna (VR) award: Recognizing lifetime achievements and contributions in any field of science and technology.

• Vigyan Shri (VS) award: Acknowledging distinguished contributions in any field of science and technology.

• Vigyan Yuva-Shanti Swarup Bhatnagar (VY-SSB) award: Encouraging young scientists under the age of 45 who have made exceptional contributions in any field of science and technology.

• Question 5 of 5 5. Question Consider the following statements regarding Geospatial intelligence. It is the collection and integration of data from satellites, sensors, and aerial images to create real-time maps and simulations. It aids in identifying and managing threats, supporting emergency response and environmental monitoring. Geospatial technology uses tools like GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data. How many of the above statements is/are incorrect? a) Only one b) Only two c) All three d) None Correct Solution: d) What is Geospatial intelligence? It is the collection and integration of data from various technologieslike satellites, sensors, and aerial images to create real-time maps and simulations. It aids in identifying and managing threats, supporting emergency response, environmental monitoring, logistics, and more. Geospatial technologyuses tools like GIS (Geographic Information System), GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data. Incorrect Solution: d) What is Geospatial intelligence? It is the collection and integration of data from various technologieslike satellites, sensors, and aerial images to create real-time maps and simulations. It aids in identifying and managing threats, supporting emergency response, environmental monitoring, logistics, and more. Geospatial technologyuses tools like GIS (Geographic Information System), GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data.

#### 5. Question

• Consider the following statements regarding Geospatial intelligence.

• It is the collection and integration of data from satellites, sensors, and aerial images to create real-time maps and simulations.

• It aids in identifying and managing threats, supporting emergency response and environmental monitoring.

• Geospatial technology uses tools like GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data.

How many of the above statements is/are incorrect?

• a) Only one

• b) Only two

• c) All three

Solution: d)

What is Geospatial intelligence?

• It is the collection and integration of data from various technologieslike satellites, sensors, and aerial images to create real-time maps and simulations. It aids in identifying and managing threats, supporting emergency response, environmental monitoring, logistics, and more.

• Geospatial technologyuses tools like GIS (Geographic Information System), GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data.

Solution: d)

What is Geospatial intelligence?

• Geospatial technologyuses tools like GIS (Geographic Information System), GPS (Global Positioning System), and Remote Sensing for geographic mapping and analysis of Geospatial data.

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