Current Affairs Quiz 18 October 2024
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Current Affairs Quiz 18 October 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
Recently, Virtual Private Networks (VPN) was in the news. In this regard, consider the following statements:
1. VPN is an encryption tool to protect the user’s identity over the internet.
2. VPN service providers cannot store user data for more than six months.
3. Indian Computer Emergency Response Team (CERT-In) is the nodal agency for cybersecurity directives of VPN services in India.
Which of the statements given above is/are correct?CorrectAnswer: C
Recently, the Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics
and Information Technology (MeitY) issued new directives that require Virtual Private Networks
(VPN) service providers to store user data for five years. Hence statement 2 is not correct.IncorrectAnswer: C
Recently, the Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics
and Information Technology (MeitY) issued new directives that require Virtual Private Networks
(VPN) service providers to store user data for five years. Hence statement 2 is not correct. - Question 2 of 5
2. Question
Which of the following statements regarding MSP i.e. Minimum Support Price are Correct?
1) MSP is decided after sowing the crops
2) MSP is fixed by respective state governments
3) MSP is 1.5 times of the cost of production
Which of the above statement is/are correct?CorrectAns:- c) Only 3
Explanation:-
Statement 1 is not correct because , MSP is decided before sowing the crops , Statement 2 is not correct because the MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP), the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by the CACP.
Statement 3 is correct because it is 1.5 times cost of production
IncorrectAns:- c) Only 3
Explanation:-
Statement 1 is not correct because , MSP is decided before sowing the crops , Statement 2 is not correct because the MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP), the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by the CACP.
Statement 3 is correct because it is 1.5 times cost of production
- Question 3 of 5
3. 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 4 of 5
4. Question
Consider the following statements with respect to the Shanghai Cooperation Organisation (SCO)
1. It is a permanent intergovernmental international organisation.
2. One of it’s main goal is to move towards the establishment of a democratic, fair and rational new international political and economic order.
Which of the statement(s) given above is/are correct?CorrectAnswer : c
• SCO is a permanent intergovernmental international organisation.
• One of it’s main goal is to move towards the establishment of a democratic, fair and rational new international political and economic order.
• It comprises of 8 member states, 4 observer states and 6 dialogue partners.IncorrectAnswer : c
• SCO is a permanent intergovernmental international organisation.
• One of it’s main goal is to move towards the establishment of a democratic, fair and rational new international political and economic order.
• It comprises of 8 member states, 4 observer states and 6 dialogue partners. - Question 5 of 5
5. Question
Consider the following statements with respect to Satyashodhak Samaj
1. The Satyashodhak Samaj (The Truth-Seeker’s Society) was established in 1873 by Jyotirao-Savitribai and other like-minded people.
2. The Samaj advocated for social changes that went against prevalent traditions, including economical weddings, inter-caste marriages, eradication of child marriages, and widow remarriage.Which of the statement(s) given above is/are correct?
CorrectAnswer : c
Satyashodhak Samaj
• The Satyashodhak Samaj (The Truth-Seeker’s Society) was established on September 24, 1873 by Jyotirao-Savitribai and other like-minded people.
• The Samaj advocated for social changes that went against prevalent traditions, including economical weddings, inter-caste marriages, eradication of child marriages, and widow remarriage.
• The Phules also had far-sighted goals — popularising female education, establishing an institutional structure of schools in India, and to have a society where women worked in tandem with men.IncorrectAnswer : c
Satyashodhak Samaj
• The Satyashodhak Samaj (The Truth-Seeker’s Society) was established on September 24, 1873 by Jyotirao-Savitribai and other like-minded people.
• The Samaj advocated for social changes that went against prevalent traditions, including economical weddings, inter-caste marriages, eradication of child marriages, and widow remarriage.
• The Phules also had far-sighted goals — popularising female education, establishing an institutional structure of schools in India, and to have a society where women worked in tandem with men.
