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Your results are here!! for" [Quiz] Daily Prelims Practice Questions (PPQs) – September 20 2024 "
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Question 1 of 7
1. Question
Q1. {Vulnerable Sections – Children} Consider the following statements about the NPS Vatsalya Yojana:
NPS Vatsalya Yojana is a pension initiative for minors that focuses on fostering early saving habits in children.
It was launched by the Ministry of Women and Child Development.
It allows parents to open pension accounts for children between the ages of 6 and 14 years.
How many of the statements given above is/are not correct?
Correct
Explanation
Statement 1 is correct and statements 2 and 3 are incorrect
NPS Vatsalya Yojana is a new pension scheme for minors aimed at promoting early saving habits among children.
It allows parents to open pension accounts for children aged 0 to 18 years. Parents can contribute a minimum of ₹1,000 per month, with no upper limit on contributions.
Union Finance Minister launched the NPS Vatsalya Yojana.
Once the child reaches 18, the account can be converted into a regular NPS or non-NPS account.
Withdrawal Rule:
Lock-in Period: 3-year lock-in from account opening.
Partial Withdrawals: After lock-in, parents can withdraw up to 25% for specific purposes (education, medical treatment, disability) with a max of three withdrawals.
Withdrawal at 18: Converts to a regular NPS account. If the corpus exceeds ₹2.5 lakh, 80% must be used to purchase an annuity; 20% can be withdrawn. If ≤ ₹2.5 lakh, the full amount can be withdrawn.
In Case of Death: Full corpus returned to the guardian if the child dies. A new guardian can be registered if a parent dies; legal guardianship applies if both parents die.
Answer: (b) Only two; Difficulty Level: Easy
Incorrect
Explanation
Statement 1 is correct and statements 2 and 3 are incorrect
NPS Vatsalya Yojana is a new pension scheme for minors aimed at promoting early saving habits among children.
It allows parents to open pension accounts for children aged 0 to 18 years. Parents can contribute a minimum of ₹1,000 per month, with no upper limit on contributions.
Union Finance Minister launched the NPS Vatsalya Yojana.
Once the child reaches 18, the account can be converted into a regular NPS or non-NPS account.
Withdrawal Rule:
Lock-in Period: 3-year lock-in from account opening.
Partial Withdrawals: After lock-in, parents can withdraw up to 25% for specific purposes (education, medical treatment, disability) with a max of three withdrawals.
Withdrawal at 18: Converts to a regular NPS account. If the corpus exceeds ₹2.5 lakh, 80% must be used to purchase an annuity; 20% can be withdrawn. If ≤ ₹2.5 lakh, the full amount can be withdrawn.
In Case of Death: Full corpus returned to the guardian if the child dies. A new guardian can be registered if a parent dies; legal guardianship applies if both parents die.
Answer: (b) Only two; Difficulty Level: Easy
Unattempted
Explanation
Statement 1 is correct and statements 2 and 3 are incorrect
NPS Vatsalya Yojana is a new pension scheme for minors aimed at promoting early saving habits among children.
It allows parents to open pension accounts for children aged 0 to 18 years. Parents can contribute a minimum of ₹1,000 per month, with no upper limit on contributions.
Union Finance Minister launched the NPS Vatsalya Yojana.
Once the child reaches 18, the account can be converted into a regular NPS or non-NPS account.
Withdrawal Rule:
Lock-in Period: 3-year lock-in from account opening.
Partial Withdrawals: After lock-in, parents can withdraw up to 25% for specific purposes (education, medical treatment, disability) with a max of three withdrawals.
Withdrawal at 18: Converts to a regular NPS account. If the corpus exceeds ₹2.5 lakh, 80% must be used to purchase an annuity; 20% can be withdrawn. If ≤ ₹2.5 lakh, the full amount can be withdrawn.
In Case of Death: Full corpus returned to the guardian if the child dies. A new guardian can be registered if a parent dies; legal guardianship applies if both parents die.
Answer: (b) Only two; Difficulty Level: Easy
Question 2 of 7
2. Question
Q2. {Polity – IC – Elections} Consider the following statements:
Statement-I: The Lok Sabha and state legislatures held synchronized elections until 1967, this synchronized cycle was first disrupted in Kerala.
Statement-II: This disruption in Kerala was due to the imposition of the President’s Rule by the Centre.
Which one of the following is correct in respect of the above statements?
Correct
Explanation
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Lok Sabha and state legislatures went to polls together in 1952, 1957, 1962 and 1967.
The synchronised cycle was first broken in Kerala in July 1959, when the Centre imposed the President’s rule.
The premature dissolution of some SLAs in 1968 and 1969 again disrupted the cycle.
At present, SLA elections in Andhra Pradesh, Odisha, Arunachal Pradesh, and Sikkim are held together with LS polls.
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Easy
Incorrect
Explanation
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Lok Sabha and state legislatures went to polls together in 1952, 1957, 1962 and 1967.
The synchronised cycle was first broken in Kerala in July 1959, when the Centre imposed the President’s rule.
The premature dissolution of some SLAs in 1968 and 1969 again disrupted the cycle.
At present, SLA elections in Andhra Pradesh, Odisha, Arunachal Pradesh, and Sikkim are held together with LS polls.
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Easy
Unattempted
Explanation
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
Lok Sabha and state legislatures went to polls together in 1952, 1957, 1962 and 1967.
The synchronised cycle was first broken in Kerala in July 1959, when the Centre imposed the President’s rule.
The premature dissolution of some SLAs in 1968 and 1969 again disrupted the cycle.
At present, SLA elections in Andhra Pradesh, Odisha, Arunachal Pradesh, and Sikkim are held together with LS polls.
Answer: (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I; Difficulty Level: Easy
Question 3 of 7
3. Question
Q3. {DM – Floods} Urban flooding occurs when rainfall or stormwater exceeds the capacity of city drainage systems, leading to water accumulation on streets and buildings. In this context consider the following causes of urban flooding:
Inadequate Drainage Systems
Urbanisation and Impermeable Surfaces
Environmental Degradation
Fragmented Civic Services
How many of the above causes are considered as the reasons for urban flooding?
Correct
Explanation
All options are correct
Urban flooding occurs when rainfall or stormwater exceeds the capacity of city drainage systems, leading to water accumulation on streets and buildings.
Causes:
Inadequate Drainage Systems: Many cities, such as Delhi and Bengaluru, have insufficient drainage infrastructure that cannot cope with heavy rainfall.
Urbanisation and Impermeable Surfaces: Rapid development will lead to a 58 per cent increase in impermeable surfaces in Bengaluru from 2017 to 2025, reducing natural water absorption.
Poor Spatial Planning: 40% of India’s capital cities lack active spatial master plans. Delhi and Bengaluru have delayed implementing their 2041 plans, allowing unregulated development.
Environmental Degradation: Developing sensitive zones like wetlands diminishes natural flood mitigation, increasing flooding risks.
Fragmented Civic Services: Multiple agencies managing flood control in cities lead to inefficient coordination and response during flooding events.
Heavy Rainfall and Climate Change: Extreme precipitation in the Indian subcontinent is projected to increase by 20 per cent by 2030, resulting in more severe flooding.
Impacts
Answer: (c) All four; Difficulty Level: Easy
Incorrect
Explanation
All options are correct
Urban flooding occurs when rainfall or stormwater exceeds the capacity of city drainage systems, leading to water accumulation on streets and buildings.
Causes:
Inadequate Drainage Systems: Many cities, such as Delhi and Bengaluru, have insufficient drainage infrastructure that cannot cope with heavy rainfall.
Urbanisation and Impermeable Surfaces: Rapid development will lead to a 58 per cent increase in impermeable surfaces in Bengaluru from 2017 to 2025, reducing natural water absorption.
Poor Spatial Planning: 40% of India’s capital cities lack active spatial master plans. Delhi and Bengaluru have delayed implementing their 2041 plans, allowing unregulated development.
Environmental Degradation: Developing sensitive zones like wetlands diminishes natural flood mitigation, increasing flooding risks.
Fragmented Civic Services: Multiple agencies managing flood control in cities lead to inefficient coordination and response during flooding events.
Heavy Rainfall and Climate Change: Extreme precipitation in the Indian subcontinent is projected to increase by 20 per cent by 2030, resulting in more severe flooding.
Impacts
Answer: (c) All four; Difficulty Level: Easy
Unattempted
Explanation
All options are correct
Urban flooding occurs when rainfall or stormwater exceeds the capacity of city drainage systems, leading to water accumulation on streets and buildings.
Causes:
Inadequate Drainage Systems: Many cities, such as Delhi and Bengaluru, have insufficient drainage infrastructure that cannot cope with heavy rainfall.
Urbanisation and Impermeable Surfaces: Rapid development will lead to a 58 per cent increase in impermeable surfaces in Bengaluru from 2017 to 2025, reducing natural water absorption.
Poor Spatial Planning: 40% of India’s capital cities lack active spatial master plans. Delhi and Bengaluru have delayed implementing their 2041 plans, allowing unregulated development.
Environmental Degradation: Developing sensitive zones like wetlands diminishes natural flood mitigation, increasing flooding risks.
Fragmented Civic Services: Multiple agencies managing flood control in cities lead to inefficient coordination and response during flooding events.
Heavy Rainfall and Climate Change: Extreme precipitation in the Indian subcontinent is projected to increase by 20 per cent by 2030, resulting in more severe flooding.
Impacts
Answer: (c) All four; Difficulty Level: Easy
Question 4 of 7
4. Question
Q4. {IE – Banking} The United States Federal Reserve decided to cut interest rates by 50 basis points (bps). In this context, what are the implications of the U.S. Fed rate cut on India?
A Fed rate cut weakens the U.S. dollar, and the rupee may strengthen against it.
A lower U.S. interest rate makes U.S. assets more attractive, decreasing foreign investment inflows to India.
The U.S. Fed rate cut is beneficial for Indian imports but has a strongly negative impact on Indian exports.
Select the correct answer from the options below:
Correct
Explanation
Statement 1 is correct
Impact on Rupee: A Fed rate cutweakens the U.S. dollar as lower interest rates reduce demand for dollar-denominated assets.
The rupee may strengthen against the dollar, reducing depreciation pressure.
Statement 2 is incorrect
Higher Foreign Investment Inflows: A lower U.S. interest rate reduces the attractiveness of U.S. assets, encouraging foreign capital inflows in India to seek higher returns.
Statement 3 is correct
Impact on trade: The US Fed rate cut is positive for Indian imports (which will be cheaper now due to an appreciation bias in the Indian rupee) but is strongly negative for Indian exports.
Answer: (c) 1 and 3 only; Difficulty Level: Hard
Incorrect
Explanation
Statement 1 is correct
Impact on Rupee: A Fed rate cutweakens the U.S. dollar as lower interest rates reduce demand for dollar-denominated assets.
The rupee may strengthen against the dollar, reducing depreciation pressure.
Statement 2 is incorrect
Higher Foreign Investment Inflows: A lower U.S. interest rate reduces the attractiveness of U.S. assets, encouraging foreign capital inflows in India to seek higher returns.
Statement 3 is correct
Impact on trade: The US Fed rate cut is positive for Indian imports (which will be cheaper now due to an appreciation bias in the Indian rupee) but is strongly negative for Indian exports.
Answer: (c) 1 and 3 only; Difficulty Level: Hard
Unattempted
Explanation
Statement 1 is correct
Impact on Rupee: A Fed rate cutweakens the U.S. dollar as lower interest rates reduce demand for dollar-denominated assets.
The rupee may strengthen against the dollar, reducing depreciation pressure.
Statement 2 is incorrect
Higher Foreign Investment Inflows: A lower U.S. interest rate reduces the attractiveness of U.S. assets, encouraging foreign capital inflows in India to seek higher returns.
Statement 3 is correct
Impact on trade: The US Fed rate cut is positive for Indian imports (which will be cheaper now due to an appreciation bias in the Indian rupee) but is strongly negative for Indian exports.
Answer: (c) 1 and 3 only; Difficulty Level: Hard
Question 5 of 7
5. Question
Q5. {A&C – Sites} Consider the following statements about Harappan civilisation:
The Harappan civilisation spread across modern Pakistan, northwest India, and Afghanistan.
Harappans had maritime trade links with Mesopotamia and the Arabian Peninsula, showcasing their advanced navigation skills.
Which of the statements given above is/are not correct?
Correct
Explanation
Both statements are correct
The Harappan civilisation spread across modern Pakistan, northwest India, and Afghanistan, with key sites like Harappa, Mohenjo-Daro, Rakhigarhi, and Dholavira.
Trade Networks: The civilisation engaged in extensive trade, as evidenced by artefacts made of lapis lazuli and carnelian from distant regions.
Extent of Trade: Evidence shows trade with Mesopotamia and other regions, but the details of commodities exchanged and their impact on Harappan society remain unclear.
Trade with West Asia: Evidence shows Harappans had maritime trade links with Mesopotamia and the Arabian Peninsula, indicating advanced navigation skills.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Incorrect
Explanation
Both statements are correct
The Harappan civilisation spread across modern Pakistan, northwest India, and Afghanistan, with key sites like Harappa, Mohenjo-Daro, Rakhigarhi, and Dholavira.
Trade Networks: The civilisation engaged in extensive trade, as evidenced by artefacts made of lapis lazuli and carnelian from distant regions.
Extent of Trade: Evidence shows trade with Mesopotamia and other regions, but the details of commodities exchanged and their impact on Harappan society remain unclear.
Trade with West Asia: Evidence shows Harappans had maritime trade links with Mesopotamia and the Arabian Peninsula, indicating advanced navigation skills.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Unattempted
Explanation
Both statements are correct
The Harappan civilisation spread across modern Pakistan, northwest India, and Afghanistan, with key sites like Harappa, Mohenjo-Daro, Rakhigarhi, and Dholavira.
Trade Networks: The civilisation engaged in extensive trade, as evidenced by artefacts made of lapis lazuli and carnelian from distant regions.
Extent of Trade: Evidence shows trade with Mesopotamia and other regions, but the details of commodities exchanged and their impact on Harappan society remain unclear.
Trade with West Asia: Evidence shows Harappans had maritime trade links with Mesopotamia and the Arabian Peninsula, indicating advanced navigation skills.
Answer: (d) Neither 1 nor 2; Difficulty Level: Easy
Question 6 of 7
6. Question
Q6. {IE – Securities} With reference to the Sovereign Wealth Fund (SWF), consider the following statements:
An SWF is a government-owned investment fund comprising funds or surpluses created by that entity to meet desired allocation outcomes.
The fund will comprise new and existing shares of PSUs and borrowings against shares.
India has a structure similar to SWF, known as the National Investment and Infrastructure Fund.
SWF can increase India’s global heft and help the country achieve deeper economic integration.
How many of the statements given above are correct?
Correct
Explanation
Statement 1 is correct
The government has initiated preliminary discussions to examine the viability of establishing India’s own sovereign wealth fund (SWF) with a likely corpus of Rs 5,00,000 crore.
An SWF is a government-owned investment fund comprising funds or surpluses created by that entity to meet desired allocation outcomes.
Statement 2 is correct
The fund will comprise new and existing shares of PSUs and borrowings against shares.
Statement 3 is correct
The idea of SWF was first discussed during 2007-08 when capital inflows exceeded $108 billion in a single year but waned after the Global Financial Crisis.
In 2010-11, the Planning Commission revived the idea of setting up a $10 billion non-commodity SWF to draw upon a part of the country’s ‘surplus’ foreign exchange reserves.
India has a structure similar to SWF, i.e. National Investment and Infrastructure Fund.
Statement 4 is correct
It can increase India’s global heft and help the country achieve deeper economic integration.
It can create and leverage opportunities to develop specific infrastructure projects of mutual interest to India and other countries, such as the India-Middle East-Europe Economic Corridor, and invest in other vital projects overseas as part of India’s ‘act-east’ policy.
Answer: (d) All four; Difficulty Level: Medium
Incorrect
Explanation
Statement 1 is correct
The government has initiated preliminary discussions to examine the viability of establishing India’s own sovereign wealth fund (SWF) with a likely corpus of Rs 5,00,000 crore.
An SWF is a government-owned investment fund comprising funds or surpluses created by that entity to meet desired allocation outcomes.
Statement 2 is correct
The fund will comprise new and existing shares of PSUs and borrowings against shares.
Statement 3 is correct
The idea of SWF was first discussed during 2007-08 when capital inflows exceeded $108 billion in a single year but waned after the Global Financial Crisis.
In 2010-11, the Planning Commission revived the idea of setting up a $10 billion non-commodity SWF to draw upon a part of the country’s ‘surplus’ foreign exchange reserves.
India has a structure similar to SWF, i.e. National Investment and Infrastructure Fund.
Statement 4 is correct
It can increase India’s global heft and help the country achieve deeper economic integration.
It can create and leverage opportunities to develop specific infrastructure projects of mutual interest to India and other countries, such as the India-Middle East-Europe Economic Corridor, and invest in other vital projects overseas as part of India’s ‘act-east’ policy.
Answer: (d) All four; Difficulty Level: Medium
Unattempted
Explanation
Statement 1 is correct
The government has initiated preliminary discussions to examine the viability of establishing India’s own sovereign wealth fund (SWF) with a likely corpus of Rs 5,00,000 crore.
An SWF is a government-owned investment fund comprising funds or surpluses created by that entity to meet desired allocation outcomes.
Statement 2 is correct
The fund will comprise new and existing shares of PSUs and borrowings against shares.
Statement 3 is correct
The idea of SWF was first discussed during 2007-08 when capital inflows exceeded $108 billion in a single year but waned after the Global Financial Crisis.
In 2010-11, the Planning Commission revived the idea of setting up a $10 billion non-commodity SWF to draw upon a part of the country’s ‘surplus’ foreign exchange reserves.
India has a structure similar to SWF, i.e. National Investment and Infrastructure Fund.
Statement 4 is correct
It can increase India’s global heft and help the country achieve deeper economic integration.
It can create and leverage opportunities to develop specific infrastructure projects of mutual interest to India and other countries, such as the India-Middle East-Europe Economic Corridor, and invest in other vital projects overseas as part of India’s ‘act-east’ policy.
Answer: (d) All four; Difficulty Level: Medium
Question 7 of 7
7. Question
Q7. {Prelims – Festivals} The Karam Tree Festival is a tribal celebration observed on the Ekadashi tithi (the eleventh day) of the lunar fortnight in the month of Bhado/Bhadra, which falls in August-September on the Gregorian calendar. In this context, how many of the following tribes celebrate this festival?
Munda
Santhal
Oraon
Baiga
Kharia
Select the correct answer using the code given below:
Correct
Explanation
All options are correct
Munda, Ho, Oraon, Baiga, Kharia, and Santhal tribes celebrated the Karam Parv in Jharkhand, West Bengal, Bihar, Madhya Pradesh, Chhattisgarh, Assam, and Odisha by the.
Celebrated on the Ekadashi tithi (eleventh day) of the lunar fortnight in the month of Bhado/ Bhadra, which corresponds to August-September in the Gregorian calendar.
Karam Tree (Haldina cordifolia):
Haldina cordifolia is a deciduous tree with a large crown. It is native to regions across India, including the Western Ghats, Eastern Ghats, and some parts of Southeast Asia.
The tree has a massive root system in proportion to its size, which makes it very resistant to drought.
The plant is harvested from the wild for its useful timber (used to produce combs, window frames, furniture, bobbins, boxes, piano keys, etc) and local medicinal use.
The tree branches symbolise fertility and prosperity. Karam Parv is a tribute to this.
Answer: (d) 1, 2, 3, 4 and 5; Difficulty Level: Hard
Incorrect
Explanation
All options are correct
Munda, Ho, Oraon, Baiga, Kharia, and Santhal tribes celebrated the Karam Parv in Jharkhand, West Bengal, Bihar, Madhya Pradesh, Chhattisgarh, Assam, and Odisha by the.
Celebrated on the Ekadashi tithi (eleventh day) of the lunar fortnight in the month of Bhado/ Bhadra, which corresponds to August-September in the Gregorian calendar.
Karam Tree (Haldina cordifolia):
Haldina cordifolia is a deciduous tree with a large crown. It is native to regions across India, including the Western Ghats, Eastern Ghats, and some parts of Southeast Asia.
The tree has a massive root system in proportion to its size, which makes it very resistant to drought.
The plant is harvested from the wild for its useful timber (used to produce combs, window frames, furniture, bobbins, boxes, piano keys, etc) and local medicinal use.
The tree branches symbolise fertility and prosperity. Karam Parv is a tribute to this.
Answer: (d) 1, 2, 3, 4 and 5; Difficulty Level: Hard
Unattempted
Explanation
All options are correct
Munda, Ho, Oraon, Baiga, Kharia, and Santhal tribes celebrated the Karam Parv in Jharkhand, West Bengal, Bihar, Madhya Pradesh, Chhattisgarh, Assam, and Odisha by the.
Celebrated on the Ekadashi tithi (eleventh day) of the lunar fortnight in the month of Bhado/ Bhadra, which corresponds to August-September in the Gregorian calendar.
Karam Tree (Haldina cordifolia):
Haldina cordifolia is a deciduous tree with a large crown. It is native to regions across India, including the Western Ghats, Eastern Ghats, and some parts of Southeast Asia.
The tree has a massive root system in proportion to its size, which makes it very resistant to drought.
The plant is harvested from the wild for its useful timber (used to produce combs, window frames, furniture, bobbins, boxes, piano keys, etc) and local medicinal use.
The tree branches symbolise fertility and prosperity. Karam Parv is a tribute to this.
Answer: (d) 1, 2, 3, 4 and 5; Difficulty Level: Hard
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