Current Affairs Quiz 16 November 2024
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Current Affairs Quiz 16 November 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
What are Systematically Important Banks (D- SIBs) as recognized by the Reserve Bank of India?
1) These banks are exempt from CRR and SLR regulations.
2) These are perceived as perceived as ‘Too Big to Fail (TBTF) banks.
3) The RBI determines a cut-off score beyond which banks are considered as D-SIBs.
Select the correct answer using the codes below.CorrectSolution: b)
Justification: A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the uninterrupted availability of essential banking services to the real economy. After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
Statement 1: Since 2015, RBI has been identifying banks whose failure would impact the whole financial system. These banks are subject to more rigorous regulation and capital requirements. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets. The indicators the RBI uses for identifying Domestic-SIBs are size, interconnectedness, substitutability, and complexity.IncorrectSolution: b)
Justification: A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the uninterrupted availability of essential banking services to the real economy. After adding the State Bank of India and private lender ICICI, the Reserve Bank of India has listed HDFC to systemically important banks list.
Statement 1: Since 2015, RBI has been identifying banks whose failure would impact the whole financial system. These banks are subject to more rigorous regulation and capital requirements. This perception of TBTF creates an expectation of government support for these banks at the time of distress. Due to this perception, these banks enjoy certain advantages in the funding markets. The indicators the RBI uses for identifying Domestic-SIBs are size, interconnectedness, substitutability, and complexity. - Question 2 of 5
2. Question
With reference to the E-flows Monitoring System, consider the following statements:
1. The E-flows Monitoring System was developed by the National Mission for Clean Ganga (NMCG) to provide real-time analysis of the water quality of the Ganga, Yamuna, and their tributaries.
2. One of its functionalities includes monitoring the activities of the Namami Gange programme at the state level, ensuring Sewage Treatment Plants (STPs) operate at their rated capacity.
3. The Namami Gange Programme focuses only on cleaning the Ganga River and does not include its tributaries.
Which of the statements given above is/are correct?CorrectAnswer and Explanation:
Answer: (a) 1 only
Explanation:
• Statement 1 is correct. The E-flows Monitoring System was developed by the NMCG to provide real-time analysis of the water quality of the Ganga, Yamuna, and their tributaries.
• Statement 2 is incorrect. The E-flows Monitoring System monitors the activities of the Namami Gange programme at the central level, not the state level, and evaluates the performance of STPs.
• Statement 3 is incorrect. The Namami Gange Programme focuses on cleaning the Ganga and now includes its tributaries.
Therefore, the correct answer is (a) 1 only.IncorrectAnswer and Explanation:
Answer: (a) 1 only
Explanation:
• Statement 1 is correct. The E-flows Monitoring System was developed by the NMCG to provide real-time analysis of the water quality of the Ganga, Yamuna, and their tributaries.
• Statement 2 is incorrect. The E-flows Monitoring System monitors the activities of the Namami Gange programme at the central level, not the state level, and evaluates the performance of STPs.
• Statement 3 is incorrect. The Namami Gange Programme focuses on cleaning the Ganga and now includes its tributaries.
Therefore, the correct answer is (a) 1 only. - Question 3 of 5
3. Question
With reference to the Digital Health Incentives Scheme (DHIS), consider the following statements:
1. The DHIS aims to create a digitally inclusive healthcare ecosystem in alignment with the Ayushman Bharat Digital Mission.
2. Only public hospitals and clinics are eligible to participate in the DHIS.
3. Financial incentives under the DHIS are based on the number of digital health records linked to the Ayushman Bharat Health Account (ABHA) numbers of patients.
Which of the statements given above is/are correct?CorrectAnswer and Explanation:
Answer: (a) 1 and 3 only
Explanation:
• Statement 1 is correct. The DHIS aims to create a digitally inclusive healthcare ecosystem in alignment with the Ayushman Bharat Digital Mission.
• Statement 2 is incorrect. Both public and private health facilities, including hospitals, clinics, diagnostic labs, and digital health solution providers registered under the Ayushman Bharat Digital Mission’s Health Facility Registry (HFR), are eligible to participate in the DHIS.
• Statement 3 is correct. Financial incentives under the DHIS are based on the number of digital health records generated and successfully linked to the Ayushman Bharat Health Account (ABHA) numbers of patients.
Therefore, the correct answer is (a) 1 and 3 only.IncorrectAnswer and Explanation:
Answer: (a) 1 and 3 only
Explanation:
• Statement 1 is correct. The DHIS aims to create a digitally inclusive healthcare ecosystem in alignment with the Ayushman Bharat Digital Mission.
• Statement 2 is incorrect. Both public and private health facilities, including hospitals, clinics, diagnostic labs, and digital health solution providers registered under the Ayushman Bharat Digital Mission’s Health Facility Registry (HFR), are eligible to participate in the DHIS.
• Statement 3 is correct. Financial incentives under the DHIS are based on the number of digital health records generated and successfully linked to the Ayushman Bharat Health Account (ABHA) numbers of patients.
Therefore, the correct answer is (a) 1 and 3 only. - Question 4 of 5
4. Question
Which of the following statements regarding “BRICS” Countries are correct?
1. The BRICS head quarters is in Beijing
2. BRICS does not exist in form of organization, but it is an annual summit between the supreme leaders of five nations.
Which of the statements given above is/are correct?CorrectAns;-A
What is BRICS?
· BRICS is the international grouping of Brazil, Russia, India, China and South Africa.
· This was set up as a move towards greater multipolarity; hence the spread across three continents and both hemispheres.
· In terms of GDP, China occupies the second position; India the fifth; Brazil the ninth; Russia the 11th; and South Africa the 35th.
· In terms of growth rates, China grew at 6%; India at 4.5%, Russia 1.7%, Brazil 1.2% and South Africa 0.1%.
· BRICS does not exist in form of organization, but it is an annual summit between the supreme leaders of five nations.
· The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.
· The BRICS seeks to deepen, broaden and intensify cooperation within the grouping and among the individual countries for more sustainable, equitable and mutually beneficial development.
· BRICS takes into consideration each member’s growth, development and poverty objectives to ensure relations are built on the respective country’s economic strengths and to avoid competition where possible.
· BRICS is emerging as a new and promising political-diplomatic entity with diverse objectives, far beyond the original objective of reforming global financial institutions.IncorrectAns;-A
What is BRICS?
· BRICS is the international grouping of Brazil, Russia, India, China and South Africa.
· This was set up as a move towards greater multipolarity; hence the spread across three continents and both hemispheres.
· In terms of GDP, China occupies the second position; India the fifth; Brazil the ninth; Russia the 11th; and South Africa the 35th.
· In terms of growth rates, China grew at 6%; India at 4.5%, Russia 1.7%, Brazil 1.2% and South Africa 0.1%.
· BRICS does not exist in form of organization, but it is an annual summit between the supreme leaders of five nations.
· The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.
· The BRICS seeks to deepen, broaden and intensify cooperation within the grouping and among the individual countries for more sustainable, equitable and mutually beneficial development.
· BRICS takes into consideration each member’s growth, development and poverty objectives to ensure relations are built on the respective country’s economic strengths and to avoid competition where possible.
· BRICS is emerging as a new and promising political-diplomatic entity with diverse objectives, far beyond the original objective of reforming global financial institutions. - Question 5 of 5
5. Question
Consider the following statements with respect to Baba Banda Singh Bahadu
1. He is in harmony with the British East India Company and introduces Zamindari system in his territory
2. He minted coins in the names of Guru Nanak Dev and Guru Gobind Singh.Which of the statement(s) given above is/are correct?
CorrectBanda Singh Bahadur (1670-1716);-
• He was born in a Minhas Rajput family.
• He became a Sikh warrior known for his struggle against the Mughal Empire in the early eighteenth century after meeting with Sri Guru Gobind Singh.
• Famous for the sack of the Mughal provincial capital, Sirhind, he is revered as one of the most hallowed martyrs of the Khalsa.
• His confrontation with the Mughal administration in Northern India, though brief, was strong enough to shake its foundations.
• One of the most revolutionary acts of Banda Bahadur, after establishing his authority in Punjab, was the abolition of the zamindari system, and granting proprietary
• rights to the actual tillers of the land.
• He minted coins in the names of Guru Nanak Dev and Guru Gobind Singh and issued orders under his seal.
• The name of Mukhlisgarh was changed to Lohgarh (Fort of Steel), and it became the capital of the first Sikh state.
• Banda Singh Bahadur abolished the zamindari system in Punjab.IncorrectBanda Singh Bahadur (1670-1716);-
• He was born in a Minhas Rajput family.
• He became a Sikh warrior known for his struggle against the Mughal Empire in the early eighteenth century after meeting with Sri Guru Gobind Singh.
• Famous for the sack of the Mughal provincial capital, Sirhind, he is revered as one of the most hallowed martyrs of the Khalsa.
• His confrontation with the Mughal administration in Northern India, though brief, was strong enough to shake its foundations.
• One of the most revolutionary acts of Banda Bahadur, after establishing his authority in Punjab, was the abolition of the zamindari system, and granting proprietary
• rights to the actual tillers of the land.
• He minted coins in the names of Guru Nanak Dev and Guru Gobind Singh and issued orders under his seal.
• The name of Mukhlisgarh was changed to Lohgarh (Fort of Steel), and it became the capital of the first Sikh state.
• Banda Singh Bahadur abolished the zamindari system in Punjab.
