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July 21-22-2024 Current Affairs MCQs
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[Quiz] Daily Current Affairs MCQs – July 21-22 2024
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These MCQs are based on PMF IAS Daily Current Affairs. The daily current affairs are uploaded every day by 8 PM. You can read the Daily Current Affairs from here. Subscribers of the “Current Affairs” course can Download Daily Current Affairs in PDF/DOC from here.
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Question 1 of 5
1. Question
Q1. {Prelims – PIN World} Consider the following pairs:
Place often mentioned in the news Country - Battir
Iran - Sentosa Island
Italy - Cabo Delgado
Cuba How many of the pairs given above are correctly matched?
Correct
Explanation
Pair 1 is incorrectly matched
- Israeli settlement has boomed since the Isarel-Palestine war in the Palestinian village of Battir, which has been a UNESCO World Heritage Site since 2014.
- In June 2024, Israel approved the settlement in Heletz, which is inside the protection zone for Battir.
- It is located a few kilometres southwest of Jerusalem and comprises a series of farmed valleys (widian).
Pair 2 is incorrectly matched
- Sentosa, a tiny island off the coast of Singapore.
- It was in news because, in June 2024, Sentosa Island faced an unexpected setback as authorities closed its beaches due to an oil spill from a nearby port.
Pair 3 is incorrectly matched
- Cabo Delgado is the gas-rich northern province of Mozambique.
- Cabo Delgado has been facing an armed insurgency since 2017 that has disrupted several multi-billion oil and natural gas projects.
Answer: (d) None; Difficulty Level: Hard
Incorrect
Explanation
Pair 1 is incorrectly matched
- Israeli settlement has boomed since the Isarel-Palestine war in the Palestinian village of Battir, which has been a UNESCO World Heritage Site since 2014.
- In June 2024, Israel approved the settlement in Heletz, which is inside the protection zone for Battir.
- It is located a few kilometres southwest of Jerusalem and comprises a series of farmed valleys (widian).
Pair 2 is incorrectly matched
- Sentosa, a tiny island off the coast of Singapore.
- It was in news because, in June 2024, Sentosa Island faced an unexpected setback as authorities closed its beaches due to an oil spill from a nearby port.
Pair 3 is incorrectly matched
- Cabo Delgado is the gas-rich northern province of Mozambique.
- Cabo Delgado has been facing an armed insurgency since 2017 that has disrupted several multi-billion oil and natural gas projects.
Answer: (d) None; Difficulty Level: Hard
Unattempted
Explanation
Pair 1 is incorrectly matched
- Israeli settlement has boomed since the Isarel-Palestine war in the Palestinian village of Battir, which has been a UNESCO World Heritage Site since 2014.
- In June 2024, Israel approved the settlement in Heletz, which is inside the protection zone for Battir.
- It is located a few kilometres southwest of Jerusalem and comprises a series of farmed valleys (widian).
Pair 2 is incorrectly matched
- Sentosa, a tiny island off the coast of Singapore.
- It was in news because, in June 2024, Sentosa Island faced an unexpected setback as authorities closed its beaches due to an oil spill from a nearby port.
Pair 3 is incorrectly matched
- Cabo Delgado is the gas-rich northern province of Mozambique.
- Cabo Delgado has been facing an armed insurgency since 2017 that has disrupted several multi-billion oil and natural gas projects.
Answer: (d) None; Difficulty Level: Hard
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Question 2 of 5
2. Question
Q2. {Polity – IC} Which of the following statements regarding the creation of new states in India is/are correct?
- A bill for the formation of new states can be introduced in either House of Parliament only on the recommendation of the President.
- The formation of new states requires a constitutional amendment passed by a two-thirds majority in both Houses of Parliament.
- Article 3 of the Constitution allows Parliament to alter the boundaries of a state only with the approval of the concerned state legislature.
Select the correct answer using the code given below:
Correct
Explanation
- Recently, there has been a resurgence in the demands for “Bhil Pradesh,” a separate state for tribal people in western India.
- The Bhil community has been advocating for the creation of Bhil Pradesh, comprising 49 districts encompassing parts of Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.
Statement 1 is correct and Statement 3 is incorrect
- Article 3 of the Constitution provides that a State has no say over the formation of new States beyond communicating its views to Parliament.
- Article 3 assigns to Parliament the power to enact legislation for the formation of new States.
- Parliament may create new States in a number of ways, namely by:
- Separating territory from any State.
- Uniting two or more States.
- Uniting parts of States.
- Uniting any territory to a part of any State.
- Parliament’s power under Article 3 extends to increasing or diminishing the area of any State and altering the boundaries or name of any State.
- Checks & Balances on parliament power
- Firstly, a bill calling for the formation of new States may be introduced in either House of Parliament only on the president’s recommendation.
- Secondly, such a bill must be referred by the President to the concerned State Legislature for expressing its views to Parliament if it contains provisions that affect the areas, boundaries or name of that State.
- Parliament will not be bound by these views when enacting legislation to form new States.
Statement 2 is incorrect
- States can be formed by the Parliament with a simple majority.
Answer: (a) 1 only; Difficulty Level: Medium
Incorrect
Explanation
- Recently, there has been a resurgence in the demands for “Bhil Pradesh,” a separate state for tribal people in western India.
- The Bhil community has been advocating for the creation of Bhil Pradesh, comprising 49 districts encompassing parts of Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.
Statement 1 is correct and Statement 3 is incorrect
- Article 3 of the Constitution provides that a State has no say over the formation of new States beyond communicating its views to Parliament.
- Article 3 assigns to Parliament the power to enact legislation for the formation of new States.
- Parliament may create new States in a number of ways, namely by:
- Separating territory from any State.
- Uniting two or more States.
- Uniting parts of States.
- Uniting any territory to a part of any State.
- Parliament’s power under Article 3 extends to increasing or diminishing the area of any State and altering the boundaries or name of any State.
- Checks & Balances on parliament power
- Firstly, a bill calling for the formation of new States may be introduced in either House of Parliament only on the president’s recommendation.
- Secondly, such a bill must be referred by the President to the concerned State Legislature for expressing its views to Parliament if it contains provisions that affect the areas, boundaries or name of that State.
- Parliament will not be bound by these views when enacting legislation to form new States.
Statement 2 is incorrect
- States can be formed by the Parliament with a simple majority.
Answer: (a) 1 only; Difficulty Level: Medium
Unattempted
Explanation
- Recently, there has been a resurgence in the demands for “Bhil Pradesh,” a separate state for tribal people in western India.
- The Bhil community has been advocating for the creation of Bhil Pradesh, comprising 49 districts encompassing parts of Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra.
Statement 1 is correct and Statement 3 is incorrect
- Article 3 of the Constitution provides that a State has no say over the formation of new States beyond communicating its views to Parliament.
- Article 3 assigns to Parliament the power to enact legislation for the formation of new States.
- Parliament may create new States in a number of ways, namely by:
- Separating territory from any State.
- Uniting two or more States.
- Uniting parts of States.
- Uniting any territory to a part of any State.
- Parliament’s power under Article 3 extends to increasing or diminishing the area of any State and altering the boundaries or name of any State.
- Checks & Balances on parliament power
- Firstly, a bill calling for the formation of new States may be introduced in either House of Parliament only on the president’s recommendation.
- Secondly, such a bill must be referred by the President to the concerned State Legislature for expressing its views to Parliament if it contains provisions that affect the areas, boundaries or name of that State.
- Parliament will not be bound by these views when enacting legislation to form new States.
Statement 2 is incorrect
- States can be formed by the Parliament with a simple majority.
Answer: (a) 1 only; Difficulty Level: Medium
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Question 3 of 5
3. Question
Q3. {MoPPP – Schemes} Consider the following statements regarding the Old Pension Scheme (OPS) and the New Pension Scheme (NPS):
- The New Pension Scheme, unlike the Old Pension Scheme, allows subscribers to choose their asset allocation, offering flexibility and the potential for higher returns.
- The Old Pension Scheme does not require employee contributions, while the New Pension Scheme mandates contributions from employees and employers.
Which of the statements given above is/are correct?
Correct
Explanation
Both Statements are correct
Features Old Pension Scheme New Pension Scheme Introduction It was introduced in the 1950s. It was introduced in 2004. Eligibility Only government employees who have completed at least ten years of service are eligible. It was started for government employees, but in 2009, GoI extended the scope to all citizens between 18-60 years (including NRIs). Contributions This scheme does not require any employee contributions. Employees contribute 10% of their base pay, while their employers can contribute up to 14%. Return Government employees are entitled to receive 50% of their last drawn basic salary plus a dearness allowance upon retirement. 60% lump sum after retirement and 40% invested in annuities Tax Benefits Income is not subject to taxation. 60% of the corpus on maturity is tax-free, while the remaining 40% is taxable when invested in annuities. Flexibility It does not have much flexibility as it provides a fixed monthly income. The subscribers can choose their asset allocation, allowing them to generate higher returns and build a larger retirement corpus. Return Certainty It provides return certainty, as it is based on the last wage received by the employee. It offers market-linked returns. Subscribers can benefit from market-linked returns without any guarantee of returns. Answer: (c) Both 1 and 2; Difficulty Level: Medium
Incorrect
Explanation
Both Statements are correct
Features Old Pension Scheme New Pension Scheme Introduction It was introduced in the 1950s. It was introduced in 2004. Eligibility Only government employees who have completed at least ten years of service are eligible. It was started for government employees, but in 2009, GoI extended the scope to all citizens between 18-60 years (including NRIs). Contributions This scheme does not require any employee contributions. Employees contribute 10% of their base pay, while their employers can contribute up to 14%. Return Government employees are entitled to receive 50% of their last drawn basic salary plus a dearness allowance upon retirement. 60% lump sum after retirement and 40% invested in annuities Tax Benefits Income is not subject to taxation. 60% of the corpus on maturity is tax-free, while the remaining 40% is taxable when invested in annuities. Flexibility It does not have much flexibility as it provides a fixed monthly income. The subscribers can choose their asset allocation, allowing them to generate higher returns and build a larger retirement corpus. Return Certainty It provides return certainty, as it is based on the last wage received by the employee. It offers market-linked returns. Subscribers can benefit from market-linked returns without any guarantee of returns. Answer: (c) Both 1 and 2; Difficulty Level: Medium
Unattempted
Explanation
Both Statements are correct
Features Old Pension Scheme New Pension Scheme Introduction It was introduced in the 1950s. It was introduced in 2004. Eligibility Only government employees who have completed at least ten years of service are eligible. It was started for government employees, but in 2009, GoI extended the scope to all citizens between 18-60 years (including NRIs). Contributions This scheme does not require any employee contributions. Employees contribute 10% of their base pay, while their employers can contribute up to 14%. Return Government employees are entitled to receive 50% of their last drawn basic salary plus a dearness allowance upon retirement. 60% lump sum after retirement and 40% invested in annuities Tax Benefits Income is not subject to taxation. 60% of the corpus on maturity is tax-free, while the remaining 40% is taxable when invested in annuities. Flexibility It does not have much flexibility as it provides a fixed monthly income. The subscribers can choose their asset allocation, allowing them to generate higher returns and build a larger retirement corpus. Return Certainty It provides return certainty, as it is based on the last wage received by the employee. It offers market-linked returns. Subscribers can benefit from market-linked returns without any guarantee of returns. Answer: (c) Both 1 and 2; Difficulty Level: Medium
-
Question 4 of 5
4. Question
Q4. {Governance – Bodies} How many of the following statements about the Pension Fund Regulatory and Development Authority (PFRDA) is/are correct?
- The PFRDA was established as a statutory body by the PFRDA Act of 2014.
- The primary function of the PFRDA is to oversee the National Pension System (NPS) and other applicable pension schemes.
- The PFRDA operates under the Ministry of Labour and Employment.
Select the correct answer using the code given below:
Correct
Explanation
Statement 1 is correct
- Statutory Foundation: Established under the PFRDA Act of 2014.
- Mission: Ensure old age income security through the establishment, development, and regulation of pension funds, safeguarding subscriber interests.
Statement 3 is incorrect
- Oversight: Operates under the Ministry of Finance.
- Headquarters: New Delhi.
- Structure: Led by a Chairperson, with up to six members, including at least three Whole-Time Members, appointed by the Central Government.
Statement 2 is correct
- Key Functions:
- Oversees the NPS and other applicable pension schemes.
- Establishes and develops pension funds.
- Safeguards the interests of pension fund subscribers.
- Registers and regulates intermediaries involved in pension funds.
- Set standards for managing pension fund corpus.
- Provides a mechanism for addressing subscriber complaints.
- Resolves disputes between intermediaries and between intermediaries and subscribers.
- Educates the public and trains intermediaries on pension and retirement savings.
- Conducts inquiries, investigations, and audits related to pension funds and their intermediaries.
Answer: (b) Only two; Difficulty Level: Medium
Incorrect
Explanation
Statement 1 is correct
- Statutory Foundation: Established under the PFRDA Act of 2014.
- Mission: Ensure old age income security through the establishment, development, and regulation of pension funds, safeguarding subscriber interests.
Statement 3 is incorrect
- Oversight: Operates under the Ministry of Finance.
- Headquarters: New Delhi.
- Structure: Led by a Chairperson, with up to six members, including at least three Whole-Time Members, appointed by the Central Government.
Statement 2 is correct
- Key Functions:
- Oversees the NPS and other applicable pension schemes.
- Establishes and develops pension funds.
- Safeguards the interests of pension fund subscribers.
- Registers and regulates intermediaries involved in pension funds.
- Set standards for managing pension fund corpus.
- Provides a mechanism for addressing subscriber complaints.
- Resolves disputes between intermediaries and between intermediaries and subscribers.
- Educates the public and trains intermediaries on pension and retirement savings.
- Conducts inquiries, investigations, and audits related to pension funds and their intermediaries.
Answer: (b) Only two; Difficulty Level: Medium
Unattempted
Explanation
Statement 1 is correct
- Statutory Foundation: Established under the PFRDA Act of 2014.
- Mission: Ensure old age income security through the establishment, development, and regulation of pension funds, safeguarding subscriber interests.
Statement 3 is incorrect
- Oversight: Operates under the Ministry of Finance.
- Headquarters: New Delhi.
- Structure: Led by a Chairperson, with up to six members, including at least three Whole-Time Members, appointed by the Central Government.
Statement 2 is correct
- Key Functions:
- Oversees the NPS and other applicable pension schemes.
- Establishes and develops pension funds.
- Safeguards the interests of pension fund subscribers.
- Registers and regulates intermediaries involved in pension funds.
- Set standards for managing pension fund corpus.
- Provides a mechanism for addressing subscriber complaints.
- Resolves disputes between intermediaries and between intermediaries and subscribers.
- Educates the public and trains intermediaries on pension and retirement savings.
- Conducts inquiries, investigations, and audits related to pension funds and their intermediaries.
Answer: (b) Only two; Difficulty Level: Medium
-
Question 5 of 5
5. Question
Q5. {S&T – Tech} Consider the following statements regarding Light Detection and Ranging (LiDAR) technology:
- LiDAR works on the same principles as RADAR (Radio Detection and Ranging) and SONAR (Sonic Navigation and Ranging), emitting waves of energy to detect and track objects.
- LiDAR technology’s application in autonomous vehicles is primarily for real-time 3D mapping of terrain to aid navigation and obstacle detection.
Which of the statements given above is/are not correct?
Correct
Explanation
Both statements are correct
- LiDAR (Light Detection and Ranging) is an advanced optical remote sensing technology that utilizes pulsed lasers to measure distances and create detailed maps of the surrounding environment.
- Operating on principles similar to RADAR and SONAR, LiDAR uses light waves to detect and track objects, whereas RADAR employs microwaves and SONAR uses sound waves.
- In the automotive sector, LiDAR is instrumental in advanced driver-assistance systems (ADAS) and autonomous vehicles, where it provides 3D mapping data essential for navigation and obstacle detection.
Answer: (d) Neither 1 nor 2; Difficulty Level: Medium
Incorrect
Explanation
Both statements are correct
- LiDAR (Light Detection and Ranging) is an advanced optical remote sensing technology that utilizes pulsed lasers to measure distances and create detailed maps of the surrounding environment.
- Operating on principles similar to RADAR and SONAR, LiDAR uses light waves to detect and track objects, whereas RADAR employs microwaves and SONAR uses sound waves.
- In the automotive sector, LiDAR is instrumental in advanced driver-assistance systems (ADAS) and autonomous vehicles, where it provides 3D mapping data essential for navigation and obstacle detection.
Answer: (d) Neither 1 nor 2; Difficulty Level: Medium
Unattempted
Explanation
Both statements are correct
- LiDAR (Light Detection and Ranging) is an advanced optical remote sensing technology that utilizes pulsed lasers to measure distances and create detailed maps of the surrounding environment.
- Operating on principles similar to RADAR and SONAR, LiDAR uses light waves to detect and track objects, whereas RADAR employs microwaves and SONAR uses sound waves.
- In the automotive sector, LiDAR is instrumental in advanced driver-assistance systems (ADAS) and autonomous vehicles, where it provides 3D mapping data essential for navigation and obstacle detection.
Answer: (d) Neither 1 nor 2; Difficulty Level: Medium
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