Current Affairs Quiz 18 May 2022
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Current Affairs Quiz 18 May 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
The Corruption Perceptions Index is released by
CorrectANS: B
IncorrectANS: B
- Question 2 of 5
2. Question
Which of the following statements regarding Caspian Sea are correct?
1. The Caspian Sea is the world’s largest inland body of water, variously classed as the world’s largest lake or a full-fledged sea.
2. The Caspian sea is an Endorheic Basin
3. Russia, Iraq, Azerbaijan, Kazakhstan and Turkmenistan all bordering the Caspian Sea ,have agreed in principle on how to divide it up.CorrectAns;- a) Only 1 and 2
Explanation;-
• The statement 3rd is incorrect because it is Iran not Iraq which borders the Caspian Sea.
About Caspian Sea
The Caspian Sea is the world’s largest inland body of water, variously classed as the world’s largest lake or a full-fledged sea.
As an endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau of Western Asia.
• An endorheic basin is a drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans, but converges instead into lakes or swamps, permanent or seasonal, that equilibrate through evaporation.
• Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan all bordering the Caspian Sea ,have agreed in principle on how to divide it up.IncorrectAns;- a) Only 1 and 2
Explanation;-
• The statement 3rd is incorrect because it is Iran not Iraq which borders the Caspian Sea.
About Caspian Sea
The Caspian Sea is the world’s largest inland body of water, variously classed as the world’s largest lake or a full-fledged sea.
As an endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau of Western Asia.
• An endorheic basin is a drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans, but converges instead into lakes or swamps, permanent or seasonal, that equilibrate through evaporation.
• Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan all bordering the Caspian Sea ,have agreed in principle on how to divide it up. - Question 3 of 5
3. Question
Consider the following statements about Disinvestment
1. Disinvestment or divestiture refers to the government selling or liquidating its assets or stakes in PSE (public sector enterprise).
2. The Department for investment and public asset management (DIPAM) under Ministry of commerce and Industry is the nodal agency for disinvestment.
Which of the statements given above is/are correct?CorrectAnswer: A
What is Disinvestment?
• Disinvestment or divestiture refers to the government selling or liquidating its assets or stakes in PSE (public sector enterprise).
• The Department for investment and public asset management (DIPAM) under Ministry of finance is the nodal agency for disinvestment
• It is done when a PSU start incurring the loss of exchequer.
• Disinvestment proceeds can help the government fund its fiscal deficit.IncorrectAnswer: A
What is Disinvestment?
• Disinvestment or divestiture refers to the government selling or liquidating its assets or stakes in PSE (public sector enterprise).
• The Department for investment and public asset management (DIPAM) under Ministry of finance is the nodal agency for disinvestment
• It is done when a PSU start incurring the loss of exchequer.
• Disinvestment proceeds can help the government fund its fiscal deficit. - Question 4 of 5
4. Question
Which of the following will lead to cost push inflation for a particular industry
1. Rising NPAs of banks
2. Shortage of skilled labourSelect the incorrect statements
CorrectAns;- d) Neither 1 and 2
Explanation;-
• As question asked incorrect to choose but both the statements are correct.
• The Cost push inflation refers to the type in which the rise of prices is due to rise in costs of factors of production – entrepreneurship, land, capital and labour.• As the NPAs of banks increase, they will be asking for stringent regulations and higher credit rate, which will make capital costly. Thus it is cost push inflation type.
• If there is shortage of labour, the wages demanded by the available will be higher, thus pushing cost of production higher. Hence it is also cost push type.
IncorrectAns;- d) Neither 1 and 2
Explanation;-
• As question asked incorrect to choose but both the statements are correct.
• The Cost push inflation refers to the type in which the rise of prices is due to rise in costs of factors of production – entrepreneurship, land, capital and labour.• As the NPAs of banks increase, they will be asking for stringent regulations and higher credit rate, which will make capital costly. Thus it is cost push inflation type.
• If there is shortage of labour, the wages demanded by the available will be higher, thus pushing cost of production higher. Hence it is also cost push type.
- Question 5 of 5
5. Question
With reference to the history of ancient India, which of the following was/were common to both Buddhism and Jainism?
1. Avoidance of extremities of penance and enjoyment
2. Indifference to the authority of the Vedas
3. Denial of efficacy of ritualsSelect the incorrect answer using the codes given below :
CorrectAns; – a) 1 only
Explanation;-
• The Buddhism and Jainism, though they did not attack the caste system directly, were nevertheless opposed to it and can, to that extent, be described as non-caste movements.
• They provided an opportunity to the lower caste to opt out of their caste by joining a non-caste sect.
• The lack of expenses involved in rituals of worship which these sects were indifferent to, as contrasted with Brahmanical worship, also attracted the same stratum in the society.
• So both statements 2 and 3 are correct.IncorrectAns; – a) 1 only
Explanation;-
• The Buddhism and Jainism, though they did not attack the caste system directly, were nevertheless opposed to it and can, to that extent, be described as non-caste movements.
• They provided an opportunity to the lower caste to opt out of their caste by joining a non-caste sect.
• The lack of expenses involved in rituals of worship which these sects were indifferent to, as contrasted with Brahmanical worship, also attracted the same stratum in the society.
• So both statements 2 and 3 are correct.
