Current Affairs Quiz 08 June 2022
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Current Affairs Quiz 08 June 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following Fundamental Rights are guaranteed by the Indian Constitution
under the Right to Freedom?
1. Right to assemble peacefully
2. Right to form associations
3. Right to strike or effective bargaining
4. Right to life and personal liberty
Select the correct answer using the code given below.CorrectAnswer: C
The Supreme Court held that the trade unions have no guaranteed right to effective bargaining or right to
strike or right to declare a lock-out. The right to strike can be controlled by appropriate industrial
law. Hence, the option (c) is correct.IncorrectAnswer: C
The Supreme Court held that the trade unions have no guaranteed right to effective bargaining or right to
strike or right to declare a lock-out. The right to strike can be controlled by appropriate industrial
law. Hence, the option (c) is correct. - Question 2 of 5
2. Question
Consider the following statements regarding PM Gati Shakti Yojana 2021:
1. It is a 1000 lakh crore national infrastructure master plan that would provide a leap to Atmnirbhar Bharat.
2. It seeks to attract investment from worldwide to improve the infrastructure in India.
Select the correct answer using the codeCorrectAnswer: B
About PM Gati Shakti Yojana 2021
• PM Gati Shakti Yojana 2021 is a 100 lakh crore national infrastructure master plan that would provide a leap to Atmnirbhar Bharat and provide multimodal connectivity to boost the infrastructure development of the country.
• This Masterplan will bring together 16 Ministries and seven core infrastructure sectors, on a single platform in order to synergise project planning across stakeholder ministries for avoiding duplication, plug gaps and expedite clearances at the right time.
• Gati Shakti Scheme was launched with the aim of achieving three basic goals namely:
a. Seamless multimodal connectivity for facilitating easy movement of goods & people,
b. Improved prioritisation, optimal usage of resources, timely creation of capacities, and
c. Resolution of issues like disjointed planning, standardisation & clearances. This project would help in the improvement of National Infrastructure by lending them more money and providing them with more speed.
• It seeks to attract investment from worldwide to improve the infrastructure in India and will provide new direction & fresh momentum for overall infrastructure development in India and the scheme will also create employment opportunities for the youth.
• The projects under the $1.5 Trillion National Infrastructure Pipeline would be included under PM Gati Shakti National Master Plan.
• Private players would also get a boost to invest in National infrastructure as easy clearances and monetary help would be available to them.
• This project would also provide last-mile connectivity to economic zones in a definite timeframe.IncorrectAnswer: B
About PM Gati Shakti Yojana 2021
• PM Gati Shakti Yojana 2021 is a 100 lakh crore national infrastructure master plan that would provide a leap to Atmnirbhar Bharat and provide multimodal connectivity to boost the infrastructure development of the country.
• This Masterplan will bring together 16 Ministries and seven core infrastructure sectors, on a single platform in order to synergise project planning across stakeholder ministries for avoiding duplication, plug gaps and expedite clearances at the right time.
• Gati Shakti Scheme was launched with the aim of achieving three basic goals namely:
a. Seamless multimodal connectivity for facilitating easy movement of goods & people,
b. Improved prioritisation, optimal usage of resources, timely creation of capacities, and
c. Resolution of issues like disjointed planning, standardisation & clearances. This project would help in the improvement of National Infrastructure by lending them more money and providing them with more speed.
• It seeks to attract investment from worldwide to improve the infrastructure in India and will provide new direction & fresh momentum for overall infrastructure development in India and the scheme will also create employment opportunities for the youth.
• The projects under the $1.5 Trillion National Infrastructure Pipeline would be included under PM Gati Shakti National Master Plan.
• Private players would also get a boost to invest in National infrastructure as easy clearances and monetary help would be available to them.
• This project would also provide last-mile connectivity to economic zones in a definite timeframe. - 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.
