Current Affairs Quiz 06 October 2023
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Current Affairs Quiz 06 October 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Agalega Islands is located in,
CorrectAnswer: A
IncorrectAnswer: A
- Question 2 of 5
2. Question
Nagorno-Karabakh conflict is between
CorrectAnswer: A
Nagorno-Karabakh conflict
• The Nagorno-Karabakh conflict is an ethnic and territorial conflict between Armenia and Azerbaijan over the disputed region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the First Nagorno-Karabakh War between 1988 and 1994.
• The conflict has its origins in the early 20th century, though the present conflict began in 1988, when the Karabakh Armenians demanded that Karabakh be transferred from Soviet Azerbaijan to Soviet Armenia.
• During the dissolution of the Soviet Union in 1989, ethnic tensions between Armenians and Azerbaijanis increased in the Nagorno-Karabakh region.
• In the First Nagorno-Karabakh War, 1988-94 Armenia and Azerbaijan, both former Soviet Republics, entangled themselves in a protracted, undeclared war in the mountainous heights of Karabakh as Azerbaijan attempted to curb the secessionist movement in Nagorno-Karabakh.
• A ceasefire signed in 1994 provided for two decades of relative stability, which significantly deteriorated along with Azerbaijan’s increasing frustration with the status quo, at odds with Armenia’s efforts to cement it.
• A four-day escalation in 2016 became the deadliest ceasefire violation (until the 2020 conflict) and the 2016 fighting stopped with a ceasefire agreement in 2020 by which most of the territories lost by Azerbaijan during the First Nagorno-Karabakh war were returned to Azerbaijan.IncorrectAnswer: A
Nagorno-Karabakh conflict
• The Nagorno-Karabakh conflict is an ethnic and territorial conflict between Armenia and Azerbaijan over the disputed region of Nagorno-Karabakh, inhabited mostly by ethnic Armenians, and seven surrounding districts, inhabited mostly by Azerbaijanis until their expulsion during the First Nagorno-Karabakh War between 1988 and 1994.
• The conflict has its origins in the early 20th century, though the present conflict began in 1988, when the Karabakh Armenians demanded that Karabakh be transferred from Soviet Azerbaijan to Soviet Armenia.
• During the dissolution of the Soviet Union in 1989, ethnic tensions between Armenians and Azerbaijanis increased in the Nagorno-Karabakh region.
• In the First Nagorno-Karabakh War, 1988-94 Armenia and Azerbaijan, both former Soviet Republics, entangled themselves in a protracted, undeclared war in the mountainous heights of Karabakh as Azerbaijan attempted to curb the secessionist movement in Nagorno-Karabakh.
• A ceasefire signed in 1994 provided for two decades of relative stability, which significantly deteriorated along with Azerbaijan’s increasing frustration with the status quo, at odds with Armenia’s efforts to cement it.
• A four-day escalation in 2016 became the deadliest ceasefire violation (until the 2020 conflict) and the 2016 fighting stopped with a ceasefire agreement in 2020 by which most of the territories lost by Azerbaijan during the First Nagorno-Karabakh war were returned to Azerbaijan. - Question 3 of 5
3. Question
Which among the following can be described as characteristics of Tortoises:
1. High-domed, rounded and heavy shell
2. Adapted for life in water
3. Primarily omnivorous
4. Thick, columnar legs, claw-like toes
Select the correct answer using the code given below:CorrectAnswer: A
IncorrectAnswer: A
- Question 4 of 5
4. Question
Consider the following statements regarding National Investment and Infrastructure Fund (NIIF).
1. The fund is jointly owned by the Union Government and the Reserve Bank of India (RBI).
2. It was created by an Act of the Parliament.
Which of the above statements is/are correct?CorrectAns;- d)
Explanation:-
• Both the statements are incorrect
What is NIIF?
• The National Investment and Infrastructure Fund (NIIF), which was established in February 2015, is India’s first sovereign wealth fund dedicated to investing in infrastructure.
• It was proposed to be established as an Alternative Investment Fund to provide long tenor capital for infrastructure projects with an inflow of 20,000 crore from the GoI, with the goal of maximising economic impact primarily through infrastructure investment in commercially viable projects, both Greenfield and Brownfield.
• It was listed with SEBI as an Alternative Investment Fund in Category II.Types of funds in NIIF
• Master Fund: It is an infrastructure fund with the objective of primarily investing in operating assets in the core infrastructure sectors such as roads, ports, airports, power etc.
• Fund of Funds: The Fund of Funds anchor and/or invest in funds managed by fund managers who have good track records in infrastructure and associated sectors in India. Some of the sectors of focus include Green Infrastructure, Mid-Income & Affordable Housing, Infrastructure services and allied sectors.
• Strategic Opportunities Fund: It is registered as an Alternative Investment Fund II under SEBI in India. Its objective is to invest largely in equity and equity-linked instruments. It has been established to provide long-term capital to strategic and growth oriented sectors in the country with the aim to build domestic leaders.Functions of NIIF
• Fund raising through suitable instruments including off-shore credit enhanced bonds, and attracting anchor investors to participate as partners in NIIF;
• Servicing of the investors of NIIF.
• Considering and approving candidate companies/institutions/ projects (including state entities) for investments and periodic monitoring of investments.
• Investing in the corpus created by Asset Management Companies (AMCs) for investing in private equity.
• Preparing a shelf of infrastructure projects and providing advisory serviceIncorrectAns;- d)
Explanation:-
• Both the statements are incorrect
What is NIIF?
• The National Investment and Infrastructure Fund (NIIF), which was established in February 2015, is India’s first sovereign wealth fund dedicated to investing in infrastructure.
• It was proposed to be established as an Alternative Investment Fund to provide long tenor capital for infrastructure projects with an inflow of 20,000 crore from the GoI, with the goal of maximising economic impact primarily through infrastructure investment in commercially viable projects, both Greenfield and Brownfield.
• It was listed with SEBI as an Alternative Investment Fund in Category II.Types of funds in NIIF
• Master Fund: It is an infrastructure fund with the objective of primarily investing in operating assets in the core infrastructure sectors such as roads, ports, airports, power etc.
• Fund of Funds: The Fund of Funds anchor and/or invest in funds managed by fund managers who have good track records in infrastructure and associated sectors in India. Some of the sectors of focus include Green Infrastructure, Mid-Income & Affordable Housing, Infrastructure services and allied sectors.
• Strategic Opportunities Fund: It is registered as an Alternative Investment Fund II under SEBI in India. Its objective is to invest largely in equity and equity-linked instruments. It has been established to provide long-term capital to strategic and growth oriented sectors in the country with the aim to build domestic leaders.Functions of NIIF
• Fund raising through suitable instruments including off-shore credit enhanced bonds, and attracting anchor investors to participate as partners in NIIF;
• Servicing of the investors of NIIF.
• Considering and approving candidate companies/institutions/ projects (including state entities) for investments and periodic monitoring of investments.
• Investing in the corpus created by Asset Management Companies (AMCs) for investing in private equity.
• Preparing a shelf of infrastructure projects and providing advisory service - Question 5 of 5
5. Question
Which of the following is incorrect regarding the Union Public Service Commission?
CorrectAnswer : d
The Constitution has made the following provisions to safeguard and ensure the independent and impartial functioning of the UPSC:
1. The chairman or a member of the UPSC can be removed from office by the president only in the manner and on the grounds mentioned in the Constitution. Therefore, they enjoy security of tenure.
2. The conditions of service of the chairman or a member, though determined by the president, cannot be varied to his disadvantage after his appointment.
3. The entire expenses including the salaries, allowances and pensions of the chairman and members of the UPSC are charged on the Consolidated Fund of India. Thus, they are not subject to vote of Parliament.
4. The chairman of UPSC (on ceasing to hold office) is not eligible for further employment in the Government of India or a state.
5. A member of UPSC (on ceasing to hold office) is eligible for appointment as the chairman of UPSC or a State Public Service Commission (SPSC), but not for any other employment in the Government of India or a state.
6. The chairman or a member of UPSC is (after having completed his first term) not eligible for reappointment to that office (i.e., not eligible for second term).IncorrectAnswer : d
The Constitution has made the following provisions to safeguard and ensure the independent and impartial functioning of the UPSC:
1. The chairman or a member of the UPSC can be removed from office by the president only in the manner and on the grounds mentioned in the Constitution. Therefore, they enjoy security of tenure.
2. The conditions of service of the chairman or a member, though determined by the president, cannot be varied to his disadvantage after his appointment.
3. The entire expenses including the salaries, allowances and pensions of the chairman and members of the UPSC are charged on the Consolidated Fund of India. Thus, they are not subject to vote of Parliament.
4. The chairman of UPSC (on ceasing to hold office) is not eligible for further employment in the Government of India or a state.
5. A member of UPSC (on ceasing to hold office) is eligible for appointment as the chairman of UPSC or a State Public Service Commission (SPSC), but not for any other employment in the Government of India or a state.
6. The chairman or a member of UPSC is (after having completed his first term) not eligible for reappointment to that office (i.e., not eligible for second term).
