Current Affairs Quiz 08 November 2024
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Current Affairs Quiz 08 November 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
Which among the following are included in the UNESCO‟s Lists of Intangible Cultural
Heritage?
1. Buddhist chanting of Ladakh
2. Kalbelia
3. Ramlila
4. Kumbh Mela
Select the correct answer using the code given below.CorrectAnswer: D
IncorrectAnswer: D
- Question 2 of 5
2. Question
What is the significance of the UNESCO recognition of the Kumbh Mela in 2017?
CorrectCorrect Answer: C) The UNESCO recognition identified the Kumbh Mela as an Intangible Cultural Heritage of Humanity, emphasizing the importance of preserving and celebrating its traditions.
Explanation: In 2017, UNESCO recognized the Kumbh Mela as an Intangible Cultural Heritage of Humanity. This recognition is significant because it underscores the global cultural importance of the festival, which is not only the world’s largest peaceful assembly of pilgrims but also a rich tapestry of cultural and spiritual traditions. The recognition aims to ensure that the traditional practices and the spirit of the Kumbh Mela are preserved and celebrated amidst India’s rapid modernization. This distinction helps to raise awareness about the cultural significance of the event and encourages efforts to maintain its authenticity and continuity, aligning with option C as the correct answer.
IncorrectCorrect Answer: C) The UNESCO recognition identified the Kumbh Mela as an Intangible Cultural Heritage of Humanity, emphasizing the importance of preserving and celebrating its traditions.
Explanation: In 2017, UNESCO recognized the Kumbh Mela as an Intangible Cultural Heritage of Humanity. This recognition is significant because it underscores the global cultural importance of the festival, which is not only the world’s largest peaceful assembly of pilgrims but also a rich tapestry of cultural and spiritual traditions. The recognition aims to ensure that the traditional practices and the spirit of the Kumbh Mela are preserved and celebrated amidst India’s rapid modernization. This distinction helps to raise awareness about the cultural significance of the event and encourages efforts to maintain its authenticity and continuity, aligning with option C as the correct answer.
- Question 3 of 5
3. Question
Which of the following statements with respect to Food Safety and Standards Authority of India (FSSAI) are correct?
1. FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India.2. The FSSAI has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India.
Which of the statements given above is/are correct?
CorrectAns;- c) Both 1 and 2
Food Safety and Standards Authority of India (FSSAI)
· FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India.
· The FSSAI has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India.
· Hence, FSSAI is a Statutory Body
· FSSAI is responsible for protecting and promoting public health through the regulation and supervision of food safety.
· The main aim of FSSAI is to
1. Lay down science-based standards for articles of food
2. To regulate manufacture, storage, distribution, import and sale of food
3. To facilitate safety of food
· Standards framed by FSSAI are prescribed under:
o Food Safety and Standards (Food Product Standards and Food Additives) Regulation, 2011,
o Food Safety and Standards (Packaging and Labelling) Regulation, 2011
o Food Safety and Standards (Contaminants, Toxins, and Residues) Regulations, 2011.IncorrectAns;- c) Both 1 and 2
Food Safety and Standards Authority of India (FSSAI)
· FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India.
· The FSSAI has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India.
· Hence, FSSAI is a Statutory Body
· FSSAI is responsible for protecting and promoting public health through the regulation and supervision of food safety.
· The main aim of FSSAI is to
1. Lay down science-based standards for articles of food
2. To regulate manufacture, storage, distribution, import and sale of food
3. To facilitate safety of food
· Standards framed by FSSAI are prescribed under:
o Food Safety and Standards (Food Product Standards and Food Additives) Regulation, 2011,
o Food Safety and Standards (Packaging and Labelling) Regulation, 2011
o Food Safety and Standards (Contaminants, Toxins, and Residues) Regulations, 2011. - Question 4 of 5
4. Question
Which of the following are the Rabi Crops?
1. Wheat
2. Moong Dal
3. Mustard
4. Watermelon
Select the correct answer from the code below.CorrectAns; – a) Only 1 and 3
Explanation; –
The Moong Dal is Kharif Crop and Water Melon is Zaid Crop.About Kharif Crops
• Crops that are sown during the southwest monsoon season are called kharif or monsoon crops.
• These crops are sown at the beginning of the season around end May to early June and are harvested post the monsoon rains beginning October.
• Rice, maize, pulses such as urad, moong dal and millets are among the key kharif crops.About Rabi Crops
• Those that are sown during winter, are called rabi or winter crops.
• It begins by October.
• These crops are sown at the onset of winter which coincides with the northeast monsoon.
• The harvest for these crops happens typically during April and May, during the summer season.
• Wheat which is the staple grain for people in the Northern parts of the country is among the key rabi crops.
• Vegetables such as potato, tomato and onion are also cultivated post the winter onset and are harvested in summer.
• Some of the examples of Rabi crops except mustard are barley, gram, rapeseeds, oat and wheat.About Zaid Crop
• This crop is grown in some parts of country during March to June.
• Prominent examples are Muskmelon, Watermelon, Vegetables of cucurbitacae family such as bitter gourd, pumpkin, ridged gourd etc.IncorrectAns; – a) Only 1 and 3
Explanation; –
The Moong Dal is Kharif Crop and Water Melon is Zaid Crop.About Kharif Crops
• Crops that are sown during the southwest monsoon season are called kharif or monsoon crops.
• These crops are sown at the beginning of the season around end May to early June and are harvested post the monsoon rains beginning October.
• Rice, maize, pulses such as urad, moong dal and millets are among the key kharif crops.About Rabi Crops
• Those that are sown during winter, are called rabi or winter crops.
• It begins by October.
• These crops are sown at the onset of winter which coincides with the northeast monsoon.
• The harvest for these crops happens typically during April and May, during the summer season.
• Wheat which is the staple grain for people in the Northern parts of the country is among the key rabi crops.
• Vegetables such as potato, tomato and onion are also cultivated post the winter onset and are harvested in summer.
• Some of the examples of Rabi crops except mustard are barley, gram, rapeseeds, oat and wheat.About Zaid Crop
• This crop is grown in some parts of country during March to June.
• Prominent examples are Muskmelon, Watermelon, Vegetables of cucurbitacae family such as bitter gourd, pumpkin, ridged gourd etc. - Question 5 of 5
5. Question
Which of the following statements about Non-Performing Assests (NPA) are incorrect?
1. A non-performing loan is a loan that is in default or close to being in default.
2. Many loans become non-performing after being in default for 180 days, but this can depend on the contract terms.CorrectAns;- b) Only 2
Explanation;-
About NPA
• A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 90 days, but this can depend on the contract terms.
• According to International Monetary Fund npl is as follows;-
1. Payments of interest and principal are past due by 90 days or more.
2. At least 90 days of interest payments have been capitalized, refinanced or delayed by agreement.
3. Payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be made in full”.• By bank regulatory definition, non-performing loans consist of:-
1. other real estate owned which is taken by foreclosure or a deed in lieu of foreclosure,
2. loans that are 90 days or more past due and still accruing interest, and
3. loans which have been placed on nonaccrual (i.e., loans for which interest is no longer accrued and posted to the income statement).
• In India, non-performing loans are common in the agricultural sector where the farmers can’t pay back the loan or the interest amount mainly as a result of losses due to floods or drought.
• Generally NPL problems are resolved in two ways:-
1. Centralization – This happens when all the concerned parties including the banks, regulators and government get together to find solutions.
This generally takes the form of a central organization/agency such as an Asset Management Company.
2. Decentralization – This approach involves steps taken by the affected banks. The decentralized approach is common for bad loans arising from bad lending. In this approach, the banks are left alone to manage their own bad loans by giving them incentives, legislative powers, or special accounting or fiscal advantages.IncorrectAns;- b) Only 2
Explanation;-
About NPA
• A non-performing loan is a loan that is in default or close to being in default. Many loans become non-performing after being in default for 90 days, but this can depend on the contract terms.
• According to International Monetary Fund npl is as follows;-
1. Payments of interest and principal are past due by 90 days or more.
2. At least 90 days of interest payments have been capitalized, refinanced or delayed by agreement.
3. Payments are less than 90 days overdue, but there are other good reasons to doubt that payments will be made in full”.• By bank regulatory definition, non-performing loans consist of:-
1. other real estate owned which is taken by foreclosure or a deed in lieu of foreclosure,
2. loans that are 90 days or more past due and still accruing interest, and
3. loans which have been placed on nonaccrual (i.e., loans for which interest is no longer accrued and posted to the income statement).
• In India, non-performing loans are common in the agricultural sector where the farmers can’t pay back the loan or the interest amount mainly as a result of losses due to floods or drought.
• Generally NPL problems are resolved in two ways:-
1. Centralization – This happens when all the concerned parties including the banks, regulators and government get together to find solutions.
This generally takes the form of a central organization/agency such as an Asset Management Company.
2. Decentralization – This approach involves steps taken by the affected banks. The decentralized approach is common for bad loans arising from bad lending. In this approach, the banks are left alone to manage their own bad loans by giving them incentives, legislative powers, or special accounting or fiscal advantages.
