Current Affairs Quiz 27 June 2022
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Current Affairs Quiz 27 June 2022 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 sixth schedule of the Constitution, consider the following statements:
1) It provides for the administration of tribal areas in Assam, Meghalaya, Tripura and Mizoram
2) It seeks to safeguard the rights of the tribal population through the formation of Autonomous District Councils (ADC)
Which of the following statements is/are correct?CorrectSixth Schedule of the Constitution
It provides for the administration of tribal areas in Assam, Meghalaya, Tripura and Mizoram to safeguard the rights of the tribal population in these states.
This special provision is provided under Article 244(2) and Article 275(1) of the Constitution.
It seeks to safeguard the rights of the tribal population through the formation of Autonomous District Councils (ADC).
ADCs are bodies representing a district to which the Constitution has given varying degrees of autonomy within the state legislature.IncorrectSixth Schedule of the Constitution
It provides for the administration of tribal areas in Assam, Meghalaya, Tripura and Mizoram to safeguard the rights of the tribal population in these states.
This special provision is provided under Article 244(2) and Article 275(1) of the Constitution.
It seeks to safeguard the rights of the tribal population through the formation of Autonomous District Councils (ADC).
ADCs are bodies representing a district to which the Constitution has given varying degrees of autonomy within the state legislature. - 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
Build Back Better World (B3W), which of the following statements most appropriately describes it.
CorrectAnswer: D
IncorrectAnswer: D
- Question 5 of 5
5. Question
The term ‘Log4j’ recently found in the news is related to?
CorrectLog4j vulnerability
The vulnerability is dubbed Log4 Shell and is officially CVE-2021-44228.
CVE number is the unique number given to each vulnerability discovered across the world).
It is based on an open-source logging library used in most applications by enterprises and even government agencies.
The exploits for this vulnerability are already being tested by hackers and it grants them access to an application, and could potentially let them run malicious software on a device or servers.IncorrectLog4j vulnerability
The vulnerability is dubbed Log4 Shell and is officially CVE-2021-44228.
CVE number is the unique number given to each vulnerability discovered across the world).
It is based on an open-source logging library used in most applications by enterprises and even government agencies.
The exploits for this vulnerability are already being tested by hackers and it grants them access to an application, and could potentially let them run malicious software on a device or servers.
