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Your results are here!! for" [Quiz] Daily Current Affairs MCQs – July 25 2024 "
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Question 1 of 5
1. Question
Q1. {Polity– IC} Consider the following statements:
Statement I: Part IXB of the Indian Constitution grants constitutional status to cooperative societies and contains provisions for their democratic functioning.
Statement II: Part IXB was inserted into the Constitution by the Constitution (97th Amendment) Act, 2011, which aimed to promote the economic and social development of cooperatives.
Which one of the following is correct in respect of the above statements?
Correct
Explanation
The Minister of Cooperation (MoC) rolled out provisions for strengthening the audit process of multi-state cooperative societies (MSCS).
Provisions for audit notified by MoC:
Concurrent Audit for MSCS with turnover/deposits of >500 Cr from a panel of auditors approved by Central Registrar to ensure early detection of fraud/irregularities.
The panels of auditors notified for the financial year 2023-24:
Panel of auditors for MSCS having an annual turnover/deposit of up to 500 Cr for carrying out Statutory Audit.
Panel of auditors for MSCS having an annual turnover/deposit of >500 Cr for carrying out Statutory and Concurrent Audit.
The Central Government has also introduced a provision for the determination of accounting and auditing standards for MSCS.
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
Co-operatives are voluntary, democratic, and autonomous organisations controlled by their members.
MSCS operate in more than one state in various sectors such as agriculture, textile, poultry, and marketing.
States regulatestate cooperative societies’ incorporation, regulation, and winding up.
Parliament can legislate on matters related to the incorporation, regulation, and winding up of MSCS.
The MSCS Act 2002 provides for the functioning of MSCS under the Ministry of Cooperation.
Part IXB of the IC grants constitutional status to cooperative societies and contains provisions for their democratic functioning.
It was inserted by the Constitution (97th Amendment) Act, 2011.
The SC, in 2021, held that Part IXB of IC would only apply to MSCS, as states have the jurisdiction to legislate over state cooperative societies (SCS).
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Medium
Incorrect
Explanation
The Minister of Cooperation (MoC) rolled out provisions for strengthening the audit process of multi-state cooperative societies (MSCS).
Provisions for audit notified by MoC:
Concurrent Audit for MSCS with turnover/deposits of >500 Cr from a panel of auditors approved by Central Registrar to ensure early detection of fraud/irregularities.
The panels of auditors notified for the financial year 2023-24:
Panel of auditors for MSCS having an annual turnover/deposit of up to 500 Cr for carrying out Statutory Audit.
Panel of auditors for MSCS having an annual turnover/deposit of >500 Cr for carrying out Statutory and Concurrent Audit.
The Central Government has also introduced a provision for the determination of accounting and auditing standards for MSCS.
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
Co-operatives are voluntary, democratic, and autonomous organisations controlled by their members.
MSCS operate in more than one state in various sectors such as agriculture, textile, poultry, and marketing.
States regulatestate cooperative societies’ incorporation, regulation, and winding up.
Parliament can legislate on matters related to the incorporation, regulation, and winding up of MSCS.
The MSCS Act 2002 provides for the functioning of MSCS under the Ministry of Cooperation.
Part IXB of the IC grants constitutional status to cooperative societies and contains provisions for their democratic functioning.
It was inserted by the Constitution (97th Amendment) Act, 2011.
The SC, in 2021, held that Part IXB of IC would only apply to MSCS, as states have the jurisdiction to legislate over state cooperative societies (SCS).
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Medium
Unattempted
Explanation
The Minister of Cooperation (MoC) rolled out provisions for strengthening the audit process of multi-state cooperative societies (MSCS).
Provisions for audit notified by MoC:
Concurrent Audit for MSCS with turnover/deposits of >500 Cr from a panel of auditors approved by Central Registrar to ensure early detection of fraud/irregularities.
The panels of auditors notified for the financial year 2023-24:
Panel of auditors for MSCS having an annual turnover/deposit of up to 500 Cr for carrying out Statutory Audit.
Panel of auditors for MSCS having an annual turnover/deposit of >500 Cr for carrying out Statutory and Concurrent Audit.
The Central Government has also introduced a provision for the determination of accounting and auditing standards for MSCS.
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
Co-operatives are voluntary, democratic, and autonomous organisations controlled by their members.
MSCS operate in more than one state in various sectors such as agriculture, textile, poultry, and marketing.
States regulatestate cooperative societies’ incorporation, regulation, and winding up.
Parliament can legislate on matters related to the incorporation, regulation, and winding up of MSCS.
The MSCS Act 2002 provides for the functioning of MSCS under the Ministry of Cooperation.
Part IXB of the IC grants constitutional status to cooperative societies and contains provisions for their democratic functioning.
It was inserted by the Constitution (97th Amendment) Act, 2011.
The SC, in 2021, held that Part IXB of IC would only apply to MSCS, as states have the jurisdiction to legislate over state cooperative societies (SCS).
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Medium
Question 2 of 5
2. Question
Q2. {Prelims – PIN – World} Consider the following pairs:
Country
Reason for being in the news
Sudan
worst displacement crisis due to civil war
Democratic Republic of Congo
biggest outbreak of the viral mpox disease
Ivory Coast
discovery of huge deposits of natural resources
How many of the pairs given above are correctly matched?
Correct
Explanation
Pair 1 is correctly matched
The ongoing civil war in Sudan, which began in mid-April 2023, has been overshadowed by other conflicts such as those in Gaza and Ukraine.
The war erupted between two military factions—the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF)—after disagreements over power-sharing following a military coup in late 2021.
Among the displaced, 70% are now in areas at risk of famine.
Despite a recent call for a limited ceasefire by the UN Security Council, the situation remains critical, with aid and advocacy organizations reporting ongoing severe conditions.
Pair 2 is correctly matched
The Democratic Republic of Congo (DRC) is experiencing the biggest outbreak of the viral mpox disease ever recorded, with tens of thousands of people infected as of June.
In December 2022, the government declared it an epidemic.
Formerly called monkeypox, the mpox disease is caused by the monkeypox virus, and is typically zoonotic – that is, it can be transmitted from animals to humans.
The virus is endemic to the densely forested regions of Central and West Africa and is related to the virus that caused the now-eradicated smallpox.
Mpox can prove fatal in severe cases, with the primary symptoms being an itchy rash all over the body and a fever.
Vaccines can limit infection.
Pair 3 is correctly matched
The discovery of significant natural resources, including oil, gas, and gold, is transforming the economy of Ivory Coast, a country previously focused on agriculture, particularly cocoa.
Recent finds include large oil deposits with estimates of six billion barrels discovered in September 2021, July 2022, and February this year.
Answer: (c) All three; Difficulty Level: Hard
Incorrect
Explanation
Pair 1 is correctly matched
The ongoing civil war in Sudan, which began in mid-April 2023, has been overshadowed by other conflicts such as those in Gaza and Ukraine.
The war erupted between two military factions—the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF)—after disagreements over power-sharing following a military coup in late 2021.
Among the displaced, 70% are now in areas at risk of famine.
Despite a recent call for a limited ceasefire by the UN Security Council, the situation remains critical, with aid and advocacy organizations reporting ongoing severe conditions.
Pair 2 is correctly matched
The Democratic Republic of Congo (DRC) is experiencing the biggest outbreak of the viral mpox disease ever recorded, with tens of thousands of people infected as of June.
In December 2022, the government declared it an epidemic.
Formerly called monkeypox, the mpox disease is caused by the monkeypox virus, and is typically zoonotic – that is, it can be transmitted from animals to humans.
The virus is endemic to the densely forested regions of Central and West Africa and is related to the virus that caused the now-eradicated smallpox.
Mpox can prove fatal in severe cases, with the primary symptoms being an itchy rash all over the body and a fever.
Vaccines can limit infection.
Pair 3 is correctly matched
The discovery of significant natural resources, including oil, gas, and gold, is transforming the economy of Ivory Coast, a country previously focused on agriculture, particularly cocoa.
Recent finds include large oil deposits with estimates of six billion barrels discovered in September 2021, July 2022, and February this year.
Answer: (c) All three; Difficulty Level: Hard
Unattempted
Explanation
Pair 1 is correctly matched
The ongoing civil war in Sudan, which began in mid-April 2023, has been overshadowed by other conflicts such as those in Gaza and Ukraine.
The war erupted between two military factions—the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF)—after disagreements over power-sharing following a military coup in late 2021.
Among the displaced, 70% are now in areas at risk of famine.
Despite a recent call for a limited ceasefire by the UN Security Council, the situation remains critical, with aid and advocacy organizations reporting ongoing severe conditions.
Pair 2 is correctly matched
The Democratic Republic of Congo (DRC) is experiencing the biggest outbreak of the viral mpox disease ever recorded, with tens of thousands of people infected as of June.
In December 2022, the government declared it an epidemic.
Formerly called monkeypox, the mpox disease is caused by the monkeypox virus, and is typically zoonotic – that is, it can be transmitted from animals to humans.
The virus is endemic to the densely forested regions of Central and West Africa and is related to the virus that caused the now-eradicated smallpox.
Mpox can prove fatal in severe cases, with the primary symptoms being an itchy rash all over the body and a fever.
Vaccines can limit infection.
Pair 3 is correctly matched
The discovery of significant natural resources, including oil, gas, and gold, is transforming the economy of Ivory Coast, a country previously focused on agriculture, particularly cocoa.
Recent finds include large oil deposits with estimates of six billion barrels discovered in September 2021, July 2022, and February this year.
Answer: (c) All three; Difficulty Level: Hard
Question 3 of 5
3. Question
Q3. {S&T – Space} Consider the following statements regarding the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and its seed fund scheme:
The seed fund scheme announced by IN-SPACe is designed to support start-ups focusing on urban development and disaster management by providing financial assistance of up to Rs 1 crore.
IN-SPACe is an independent nodal agency under the Department of Space aimed at stimulating private investment in the space sector.
Which of the statements given above is/are correct?
Correct
Explanation
Statement 1 is correct
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has announced a seed fund scheme to offer start-ups focusing on urban development and disaster management.
The Scheme was launched in collaboration with ISRO’s National Remote Sensing Centre (NRSC).
The scheme has the provision of providing financial assistance of up to Rs 1 Cr in addition to mentorship support, training and networking opportunities.
Eligible applicants include early-stage startups with innovative ideas and projects that use space technology to address the space sector’s upstream, midstream, and downstream challenges.
Statement 2 is correct
IN-SPACe is an independent nodal agency under the Department of Space to stimulate private investment in the space sector.
It is a single-point interface for space-related activities between ISRO and Non-Governmental Entities.
Answer: (c) Both 1 and 2; Difficulty Level: Easy
Incorrect
Explanation
Statement 1 is correct
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has announced a seed fund scheme to offer start-ups focusing on urban development and disaster management.
The Scheme was launched in collaboration with ISRO’s National Remote Sensing Centre (NRSC).
The scheme has the provision of providing financial assistance of up to Rs 1 Cr in addition to mentorship support, training and networking opportunities.
Eligible applicants include early-stage startups with innovative ideas and projects that use space technology to address the space sector’s upstream, midstream, and downstream challenges.
Statement 2 is correct
IN-SPACe is an independent nodal agency under the Department of Space to stimulate private investment in the space sector.
It is a single-point interface for space-related activities between ISRO and Non-Governmental Entities.
Answer: (c) Both 1 and 2; Difficulty Level: Easy
Unattempted
Explanation
Statement 1 is correct
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has announced a seed fund scheme to offer start-ups focusing on urban development and disaster management.
The Scheme was launched in collaboration with ISRO’s National Remote Sensing Centre (NRSC).
The scheme has the provision of providing financial assistance of up to Rs 1 Cr in addition to mentorship support, training and networking opportunities.
Eligible applicants include early-stage startups with innovative ideas and projects that use space technology to address the space sector’s upstream, midstream, and downstream challenges.
Statement 2 is correct
IN-SPACe is an independent nodal agency under the Department of Space to stimulate private investment in the space sector.
It is a single-point interface for space-related activities between ISRO and Non-Governmental Entities.
Answer: (c) Both 1 and 2; Difficulty Level: Easy
Question 4 of 5
4. Question
Q4. {IR – Groupings} In which one of the following groups are all the four countries members of the South American trade bloc ‘MERCOSUR’?
Correct
Explanation
Recently, Bolivia attained full membership status in MERCOSUR.
Bolivia has been an associated member of MERCOSUR since 1996.
MERCOSUR, short for the Southern Common Market, is a regional trade bloc in Latin America.
It was established in 1991 by Argentina, Brazil, Paraguay, and Uruguay and later joined by Venezuela and Bolivia.
The Bolivarian Republic of Venezuela is suspended in all the rights and obligations inherent to its status as a State Party of MERCOSUR since December 2016.
India and MERCOSUR signed the Preferential Trade Agreement in 2004.
It is the fourth largest integrated market after EU, NAFTA and ASEAN.
Answer: (a) Argentina, Brazil, Paraguay, and Uruguay; Difficulty Level: Hard
Incorrect
Explanation
Recently, Bolivia attained full membership status in MERCOSUR.
Bolivia has been an associated member of MERCOSUR since 1996.
MERCOSUR, short for the Southern Common Market, is a regional trade bloc in Latin America.
It was established in 1991 by Argentina, Brazil, Paraguay, and Uruguay and later joined by Venezuela and Bolivia.
The Bolivarian Republic of Venezuela is suspended in all the rights and obligations inherent to its status as a State Party of MERCOSUR since December 2016.
India and MERCOSUR signed the Preferential Trade Agreement in 2004.
It is the fourth largest integrated market after EU, NAFTA and ASEAN.
Answer: (a) Argentina, Brazil, Paraguay, and Uruguay; Difficulty Level: Hard
Unattempted
Explanation
Recently, Bolivia attained full membership status in MERCOSUR.
Bolivia has been an associated member of MERCOSUR since 1996.
MERCOSUR, short for the Southern Common Market, is a regional trade bloc in Latin America.
It was established in 1991 by Argentina, Brazil, Paraguay, and Uruguay and later joined by Venezuela and Bolivia.
The Bolivarian Republic of Venezuela is suspended in all the rights and obligations inherent to its status as a State Party of MERCOSUR since December 2016.
India and MERCOSUR signed the Preferential Trade Agreement in 2004.
It is the fourth largest integrated market after EU, NAFTA and ASEAN.
Answer: (a) Argentina, Brazil, Paraguay, and Uruguay; Difficulty Level: Hard
Question 5 of 5
5. Question
Q5. {S&T – Tech} Consider the following statements:
Small modular reactors (SMRs) are advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit.
Bharat Small Reactors (BSRs) are based on India’s existing Pressurized Heavy Water Reactor technology.
India’s Atomic Energy Act of 1962 prohibits private control of nuclear power generation.
How many of the statements given above are correct?
Correct
Explanation
All statements are correct
GoI plans to partner with the private sector to set up BSRs and conduct R&D on Small Modular Reactors (SMRs).
Bharat Small Reactors are SMRs designed to generate electricity on a smaller scale compared to traditional large nuclear power plants.
The BSRs will be based on India’s tried and tested 220-megawatt Pressurised Heavy Water Reactor (PHWR) technology.
One of the PHWR at the Madras Atomic Power Station in Kalpakkam, Tamil Nadu, will become the first BSR.
India’s Atomic Energy Act of 1962 prohibits private control of nuclear power generation: only two government-owned enterprises – NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI, set up to build and operate fast reactors) – are legally allowed to own and operate nuclear power plants in India.
But the possibility of involving other public sector and private corporations in the country’s future expansion plans has been under consideration for some time.
Answer: (c) All three; Difficulty Level: Medium
Incorrect
Explanation
All statements are correct
GoI plans to partner with the private sector to set up BSRs and conduct R&D on Small Modular Reactors (SMRs).
Bharat Small Reactors are SMRs designed to generate electricity on a smaller scale compared to traditional large nuclear power plants.
The BSRs will be based on India’s tried and tested 220-megawatt Pressurised Heavy Water Reactor (PHWR) technology.
One of the PHWR at the Madras Atomic Power Station in Kalpakkam, Tamil Nadu, will become the first BSR.
India’s Atomic Energy Act of 1962 prohibits private control of nuclear power generation: only two government-owned enterprises – NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI, set up to build and operate fast reactors) – are legally allowed to own and operate nuclear power plants in India.
But the possibility of involving other public sector and private corporations in the country’s future expansion plans has been under consideration for some time.
Answer: (c) All three; Difficulty Level: Medium
Unattempted
Explanation
All statements are correct
GoI plans to partner with the private sector to set up BSRs and conduct R&D on Small Modular Reactors (SMRs).
Bharat Small Reactors are SMRs designed to generate electricity on a smaller scale compared to traditional large nuclear power plants.
The BSRs will be based on India’s tried and tested 220-megawatt Pressurised Heavy Water Reactor (PHWR) technology.
One of the PHWR at the Madras Atomic Power Station in Kalpakkam, Tamil Nadu, will become the first BSR.
India’s Atomic Energy Act of 1962 prohibits private control of nuclear power generation: only two government-owned enterprises – NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI, set up to build and operate fast reactors) – are legally allowed to own and operate nuclear power plants in India.
But the possibility of involving other public sector and private corporations in the country’s future expansion plans has been under consideration for some time.