18 December 2021 Current Affairs Quiz
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18th December 2021 – Current Affairs Quiz for UPSC Prelims
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- Question 1 of 5
1. Question
Which among the following are sources of Black Money?
1) Funds earned through illegal activity
2) Income from legal activity that is not reported to the tax authorities.
3) Cash transactions without proper accounting
Select the correct answer using the code given below.CorrectBlack money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes.
Two Broad Sources:
Illegal activity:
Money that is earned through illegal activity is obviously not reported to the tax authorities, and so is black.
Legal but unreported activity:
It comprises income from legal activity that is not reported to the tax authorities.
A large number of small shops around the country almost exclusively do business in cash without receipts. All of this could potentially be black money.
Cash transactions without proper accounting are known as black money.IncorrectBlack money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes.
Two Broad Sources:
Illegal activity:
Money that is earned through illegal activity is obviously not reported to the tax authorities, and so is black.
Legal but unreported activity:
It comprises income from legal activity that is not reported to the tax authorities.
A large number of small shops around the country almost exclusively do business in cash without receipts. All of this could potentially be black money.
Cash transactions without proper accounting are known as black money. - Question 2 of 5
2. Question
Consider the following statements about Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
1) It is a Centrally Sponsored Scheme with 100% funding support from the central government
2) It to achieve convergence of investments in irrigation at the field level
Which of the following statements is/are correct?CorrectPradhan Mantri Krishi Sinchayee Yojana (PMKSY): It was launched in 2015 and is a Centrally Sponsored Scheme, providing central grants to the State Governments for specific activities (90:10 for NE states & 75:25 for rest).
The major objective of PMKSY is:
to achieve convergence of investments in irrigation at the field level
expand cultivable area under assured irrigation
improve on-farm water use efficiency to reduce wastage of water
enhance the adoption of precision-irrigation and other water-saving technologiesIncorrectPradhan Mantri Krishi Sinchayee Yojana (PMKSY): It was launched in 2015 and is a Centrally Sponsored Scheme, providing central grants to the State Governments for specific activities (90:10 for NE states & 75:25 for rest).
The major objective of PMKSY is:
to achieve convergence of investments in irrigation at the field level
expand cultivable area under assured irrigation
improve on-farm water use efficiency to reduce wastage of water
enhance the adoption of precision-irrigation and other water-saving technologies - Question 3 of 5
3. Question
Consider the following statements about Parker Solar Probe
1) It is a spacecraft launched by NASA
2) The findings of the probe will enable scientists to forecast changes in the earth’s space environment.
Which of the following statements is/are incorrect?CorrectParker Solar Probe:
Recently, a spacecraft launched by NASA has successfully touched the atmosphere of the Sun.
The spacecraft plunged through the unexplored solar atmosphere known as the corona of the Sun.
It made its way through an extreme environment which is roughly 2 million degrees Fahrenheit.
Thus, it has touched the place which was once thought to be impossible.Significance of the Parker Solar Probe:
The findings of the probe will enable scientists to forecast changes in the earth’s space environment.IncorrectParker Solar Probe:
Recently, a spacecraft launched by NASA has successfully touched the atmosphere of the Sun.
The spacecraft plunged through the unexplored solar atmosphere known as the corona of the Sun.
It made its way through an extreme environment which is roughly 2 million degrees Fahrenheit.
Thus, it has touched the place which was once thought to be impossible.Significance of the Parker Solar Probe:
The findings of the probe will enable scientists to forecast changes in the earth’s space environment. - Question 4 of 5
4. Question
With reference to FPIs and FDI, consider the following statements:
1) FPI refers to investments made in securities and other financial assets issued in another country.
2) FDI is more liquid and less risky than FPI.
Which of the following statements is/are correct?CorrectFDI is an investment made by a firm or individual in one country into business interests located in another country.
FPI instead refers to investments made in securities and other financial assets issued in another country.
In FPI the investor does not have direct control over the securities or businesses. This means that FPI tends to be more liquid and less risky than FDI.IncorrectFDI is an investment made by a firm or individual in one country into business interests located in another country.
FPI instead refers to investments made in securities and other financial assets issued in another country.
In FPI the investor does not have direct control over the securities or businesses. This means that FPI tends to be more liquid and less risky than FDI. - Question 5 of 5
5. Question
‘Vikas Portal’ was launched to?
CorrectVikas Portal
The Department of Land Resources developed this MIS portal to capture information on various parameters of land acquisition, required for ranking of the State/UTs, which is a software-driven program to submit information by respective State/UTs on land acquisition for developmental projects.
The portal is developed in house by the NIC team of the department with zero cost.
MIS portal will show data and figures and it will show the speed of the development in the country.IncorrectVikas Portal
The Department of Land Resources developed this MIS portal to capture information on various parameters of land acquisition, required for ranking of the State/UTs, which is a software-driven program to submit information by respective State/UTs on land acquisition for developmental projects.
The portal is developed in house by the NIC team of the department with zero cost.
MIS portal will show data and figures and it will show the speed of the development in the country.
