Current Affairs Quiz 18 May 2023
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Current Affairs Quiz 18 May 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements with respect to Paramparagat Krishi Vikas Yojana
1. It is a dedicated scheme to promote chemical free organic farming in the country in cluster mode.
2. elaborated component of Soil Health Management (SHM) of major project National Mission of Sustainable AgricultureSelect the correct answer form the code below.
CorrectAnswer: C
• Government of India has been implementing dedicated scheme of Paramparagat Krishi Vikas Yojana (PKVY) since 2015-16 to promote chemical free organic farming in the country in cluster mode.
• “Paramparagat Krishi Vikas Yojana” is an elaborated component of Soil Health Management (SHM) of major project National Mission of Sustainable Agriculture (NMSA).
• Under PKVY (Not to be confused with Pradhan Mantri Kaushal Vikas Yojana PMKVY) Organic farming is promoted through adoption of organic village by cluster approach and PGS certification.IncorrectAnswer: C
• Government of India has been implementing dedicated scheme of Paramparagat Krishi Vikas Yojana (PKVY) since 2015-16 to promote chemical free organic farming in the country in cluster mode.
• “Paramparagat Krishi Vikas Yojana” is an elaborated component of Soil Health Management (SHM) of major project National Mission of Sustainable Agriculture (NMSA).
• Under PKVY (Not to be confused with Pradhan Mantri Kaushal Vikas Yojana PMKVY) Organic farming is promoted through adoption of organic village by cluster approach and PGS certification. - Question 2 of 5
2. Question
Consider the following statements
1. Jal Shakti Abhiyan with an aim to ensure piped water supply to all rural households by 2024.
2. Jal Jeevan Mission (JJM) was launched to accelerate progress on water conservation activities in the most water stressed blocks and districts of India.
Which of the statement(s) given above is/are correct?CorrectAnswer: D
Vision of the mission is to make every rural household has drinking water supply in adequate quantity of prescribed quality through functional Tap Connection (FHTC) by 2024 on regular and long-term basis at affordable service delivery charges leading to improvement in living standards of rural communities.
Jal Jeevan Mission is to assist, empower and facilitate states/ UTs in planning of participatory rural water supply strategy for ensuring potable drinking water security on long-term basis to every rural household and public institution, viz. GP building, School, Anganwadi centre, Health centre, wellness centres, etcIncorrectAnswer: D
Vision of the mission is to make every rural household has drinking water supply in adequate quantity of prescribed quality through functional Tap Connection (FHTC) by 2024 on regular and long-term basis at affordable service delivery charges leading to improvement in living standards of rural communities.
Jal Jeevan Mission is to assist, empower and facilitate states/ UTs in planning of participatory rural water supply strategy for ensuring potable drinking water security on long-term basis to every rural household and public institution, viz. GP building, School, Anganwadi centre, Health centre, wellness centres, etc - Question 3 of 5
3. Question
Consider the following statements regarding Indian Ocean Conference :
1. The IOC concentrates on fostering regional cooperation under the framework of Security and Growth for All in the Region (SAGAR).
2. While the primary focus is on coastal countries of the Indian Ocean, the conference has expanded its scope to cover important global issues.
Which of the statements given above is/are correct?CorrectAnswer: C
About Indian Ocean Conference
The Indian Ocean Conference (IOC) is an annual event that has been held since 2016, serving as a crucial platform for regional countries to engage in discussions on matters pertaining to the region. Here are the key points about the IOC:Focus and Objectives:
• The IOC concentrates on fostering regional cooperation under the framework of Security and Growth for All in the Region (SAGAR).
• It brings together key states and maritime partners in the Indian Ocean region to address pertinent issues.Participants:
• While the primary focus is on coastal countries of the Indian Ocean, the conference has expanded its scope to cover important global issues.
• Dignitaries attending the conference include the President of Mauritius, Vice President of Maldives, and India’s External Affairs Minister, S Jaishankar.
• Foreign Ministers from Bhutan, Nepal, Bahrain, and Singapore, along with ministerial representatives from Seychelles, Sri Lanka, and Madagascar, are also expected to participate.
• Around 150 foreign guests, including representatives from D8, SAARC, and BIMSTEC, are anticipated to attend.Significance of the IOC:
• The IOC holds significant importance in terms of strengthening partnerships with Indian Ocean countries, promoting regional political engagement, and facilitating decision-making during crisis situations.
• It provides a platform for participating countries to discuss global events and make informed decisions regarding future actions.IncorrectAnswer: C
About Indian Ocean Conference
The Indian Ocean Conference (IOC) is an annual event that has been held since 2016, serving as a crucial platform for regional countries to engage in discussions on matters pertaining to the region. Here are the key points about the IOC:Focus and Objectives:
• The IOC concentrates on fostering regional cooperation under the framework of Security and Growth for All in the Region (SAGAR).
• It brings together key states and maritime partners in the Indian Ocean region to address pertinent issues.Participants:
• While the primary focus is on coastal countries of the Indian Ocean, the conference has expanded its scope to cover important global issues.
• Dignitaries attending the conference include the President of Mauritius, Vice President of Maldives, and India’s External Affairs Minister, S Jaishankar.
• Foreign Ministers from Bhutan, Nepal, Bahrain, and Singapore, along with ministerial representatives from Seychelles, Sri Lanka, and Madagascar, are also expected to participate.
• Around 150 foreign guests, including representatives from D8, SAARC, and BIMSTEC, are anticipated to attend.Significance of the IOC:
• The IOC holds significant importance in terms of strengthening partnerships with Indian Ocean countries, promoting regional political engagement, and facilitating decision-making during crisis situations.
• It provides a platform for participating countries to discuss global events and make informed decisions regarding future actions. - Question 4 of 5
4. Question
Consider the following statements regarding LIBOR :
1. LIBOR is a global benchmark interest rate that combines individual rates at which banks opine they may borrow from each other (for a particular period of time) at the London interbank market.
2. In 2017, the U.S. Federal Reserve introduced the Secured Overnight Financing Rate (SOFR) as a preferred alternative to LIBOR.
Which of the statements given above is/are correct?CorrectAnswer: C
About LIBOR
• LIBOR, or the London Interbank Offered Rate, is a widely used benchmark interest rate.
• LIBOR is a global benchmark interest rate that combines individual rates at which banks opine they may borrow from each other (for a particular period of time) at the London interbank market.
• In 2017, the U.S. Federal Reserve introduced the Secured Overnight Financing Rate (SOFR) as a preferred alternative to LIBOR.
• India also adopted the use of SOFR, along with the Modified Mumbai Interbank Forward Outright Rate (MMIFOR), to replace the existing MIFOR for new transactions.IncorrectAnswer: C
About LIBOR
• LIBOR, or the London Interbank Offered Rate, is a widely used benchmark interest rate.
• LIBOR is a global benchmark interest rate that combines individual rates at which banks opine they may borrow from each other (for a particular period of time) at the London interbank market.
• In 2017, the U.S. Federal Reserve introduced the Secured Overnight Financing Rate (SOFR) as a preferred alternative to LIBOR.
• India also adopted the use of SOFR, along with the Modified Mumbai Interbank Forward Outright Rate (MMIFOR), to replace the existing MIFOR for new transactions. - Question 5 of 5
5. Question
Which of the following statements is/are correct with reference to Stagflation?
1. Stagflation refers to a state of an economy that is experiencing a simultaneous increase in inflation and
rising unemployment.
2. The occurrence of stagflation proves the theory behind the Philips curve.
Select the correct answer using the code given below.CorrectAnswer: A
The theory claims that economic growth comes with inflation, which in turn should lead to more jobs and
less unemployment. However, the concept has been somewhat disproven empirically due to the
occurrence of stagflation in the 1970s, when there were high levels of both inflation and
unemployment. Hence, statement 2 is not correct.IncorrectAnswer: A
The theory claims that economic growth comes with inflation, which in turn should lead to more jobs and
less unemployment. However, the concept has been somewhat disproven empirically due to the
occurrence of stagflation in the 1970s, when there were high levels of both inflation and
unemployment. Hence, statement 2 is not correct.
