Current Affairs Quiz 10 May 2024
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Current Affairs Quiz 10 May 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements with reference to Sugar Production in India
1) India is the second-largest producer of sugar in the world after Brazil
2) The Fair and Remunerative Price (FRP) of sugarcane is approved by the Agricultural Produce Market Committee
Which of the following statements is/are correct?CorrectIndia is the second-largest producer of sugar in the world after Brazil and is also the largest consumer. The Indian sugar industry’s annual output is worth approximately Rs.80,000 crores.
The cane price announced by the Central Government is decided on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).IncorrectIndia is the second-largest producer of sugar in the world after Brazil and is also the largest consumer. The Indian sugar industry’s annual output is worth approximately Rs.80,000 crores.
The cane price announced by the Central Government is decided on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). - Question 2 of 5
2. Question
With reference to the ‘General Consent’ to the Central Bureau of Investigation (CBI),
consider the following statements:
1. Unlike the National Investigation Agency (NIA), the CBI needs the consent of the state government in whose territorial jurisdiction it has to conduct an investigation.
2. Lack of General Consent stalls the investigation of already registered cases with the CBI.
Which of the statements given above is/are correct?CorrectAnswer: a
The CBI can initiate suo-moto investigations only in Union Territories, under section 2 of the
DSPE Act. It will have no impact on the investigation of cases already registered with CBI as
old cases were registered when general consent existed. Hence statement 2 is not correct.IncorrectAnswer: a
The CBI can initiate suo-moto investigations only in Union Territories, under section 2 of the
DSPE Act. It will have no impact on the investigation of cases already registered with CBI as
old cases were registered when general consent existed. Hence statement 2 is not correct. - Question 3 of 5
3. Question
Consider the following statements about Prompt Corrective Action (PCA) framework
1) It aims to check the problem of Non-Performing Assets (NPAs) in the Indian banking sector.
2) The PCA Framework would apply to all banks operating in India excluding foreign banks operating through branches or subsidiaries
Which of the following statements is/are correct?CorrectPrompt Corrective Action (PCA)
PCA is a framework under which banks with weak financial metrics are put under watch by the RBI.
The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalised due to poor asset quality, or vulnerable due to loss of profitability.
It aims to check the problem of Non-Performing Assets (NPAs) in the Indian banking sector. Hence statement 1 is correct.The PCA Framework would apply to all banks operating in India including foreign banks operating through branches or subsidiaries based on breach of risk thresholds of identified indicators. Hence statement 2 is incorrect.
IncorrectPrompt Corrective Action (PCA)
PCA is a framework under which banks with weak financial metrics are put under watch by the RBI.
The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalised due to poor asset quality, or vulnerable due to loss of profitability.
It aims to check the problem of Non-Performing Assets (NPAs) in the Indian banking sector. Hence statement 1 is correct.The PCA Framework would apply to all banks operating in India including foreign banks operating through branches or subsidiaries based on breach of risk thresholds of identified indicators. Hence statement 2 is incorrect.
- Question 4 of 5
4. Question
Consider the following about Anticyclones.
1. These are low pressure regions.
2. Their extent is always small.
3. Cloudy and precipitation conditions exist along with the cyclone.
Select the correct answer using the codes below.CorrectAnswer: C
Justification:
Statement 1: An anti-cyclone — also known as a high pressure area — is a large atmospheric circulation system with the wind flowing clockwise around it in the Northern Hemisphere, and counterclockwise in the Southern Hemisphere.
Statement 2: The extents are generally large and the effects are also pronounced.IncorrectAnswer: C
Justification:
Statement 1: An anti-cyclone — also known as a high pressure area — is a large atmospheric circulation system with the wind flowing clockwise around it in the Northern Hemisphere, and counterclockwise in the Southern Hemisphere.
Statement 2: The extents are generally large and the effects are also pronounced. - Question 5 of 5
5. Question
Consider the following statements regarding the Hepatitis B:
1. It is a bacterial disease.
2. It is an infection in the liver that can cause jaundice.
3. At present, there is no vaccination available against this disease.
Which of the statements given above is/are correct?CorrectAnswer: B
• Hepatitis B is an infection in the liver which happens because of the Hepatitis B virus or HBV.
• It can be prevented or protected against through vaccination.IncorrectAnswer: B
• Hepatitis B is an infection in the liver which happens because of the Hepatitis B virus or HBV.
• It can be prevented or protected against through vaccination.
