Daily Quiz 9 December 2024
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Question 1 of 5
1. Question
The strategic ‘Y-Junction’ region, critical for access to traditional patrolling points in the regions ahead of it, is primarily associated with the border between:
Correct
Solution (d)
Explanation:
• The India-Pakistan border has several critical regions like Siachen Glacier and NJ9842 point. Key strategic points on the India-Pakistan border include the Kargil sector (Site of the 1999 conflict) and the Sir Creek region (A maritime boundary dispute in Gujarat).
• The India-Nepal border has significant disputes such as Kalapani-Limpiyadhura-Lipulekh region claimed by both nations. Border issues exacerbated by historical treaties and maps.
• The India-Bangladesh border, the longest land boundary for India, has been largely resolved through the Land Boundary Agreement (2015). Key concerns here include Illegal migration and Smuggling activities.
• The Y-Junction is a critical area located along the Line of Actual Control (LAC) in eastern Ladakh. It is strategically significant as it provides access to key traditional Patrolling Points (PPs) like PP10, PP11, PP11A, PP12, and PP13 in the Depsang Plains.
• Since the 2020 standoff between India and China, Chinese troops have reportedly obstructed Indian access to these points, impacting India’s ability to monitor the region effectively.
• The Depsang Plains are strategically important due to their proximity to the Karakoram Pass, a critical entry point to the Aksai Chin region controlled by China. Any obstruction in this area hampers India’s ability to patrol and defend its territory. (Option (d) is correct)Incorrect
Solution (d)
Explanation:
• The India-Pakistan border has several critical regions like Siachen Glacier and NJ9842 point. Key strategic points on the India-Pakistan border include the Kargil sector (Site of the 1999 conflict) and the Sir Creek region (A maritime boundary dispute in Gujarat).
• The India-Nepal border has significant disputes such as Kalapani-Limpiyadhura-Lipulekh region claimed by both nations. Border issues exacerbated by historical treaties and maps.
• The India-Bangladesh border, the longest land boundary for India, has been largely resolved through the Land Boundary Agreement (2015). Key concerns here include Illegal migration and Smuggling activities.
• The Y-Junction is a critical area located along the Line of Actual Control (LAC) in eastern Ladakh. It is strategically significant as it provides access to key traditional Patrolling Points (PPs) like PP10, PP11, PP11A, PP12, and PP13 in the Depsang Plains.
• Since the 2020 standoff between India and China, Chinese troops have reportedly obstructed Indian access to these points, impacting India’s ability to monitor the region effectively.
• The Depsang Plains are strategically important due to their proximity to the Karakoram Pass, a critical entry point to the Aksai Chin region controlled by China. Any obstruction in this area hampers India’s ability to patrol and defend its territory. (Option (d) is correct) -
Question 2 of 5
2. Question
SAMARTH Udyog Bharat 4.0 is an Industry 4.0 initiative of:
Correct
Solution (c)
Explanation:
- The Ministry of Commerce and Industry focuses on trade, export promotion, and industrial policy but does not implement SAMARTH Udyog Bharat 4.0. The Startup India initiative, aimed at promoting entrepreneurship and innovation in India, is a flagship program of this ministry. (Option (a) is incorrect)
- While the MSME Ministry promotes the development of small-scale industries, it is not directly involved in SAMARTH Udyog Bharat 4.0. The ZED (Zero Defect, Zero Effect) Certification Scheme, which promotes energy-efficient and sustainable manufacturing practices among MSMEs. (Option (b) is incorrect)
- SAMARTH Udyog Bharat 4.0 is an initiative of the Ministry of Heavy Industries (MHI) under the Industry 4.0 program, aimed at transforming India’s manufacturing sector into a globally competitive, smart manufacturing hub. SAMARTH stands for Smart Advanced Manufacturing and Rapid Transformation Hubs. (Option (c) is correct)
Key Objectives · Promote adoption of Industry 4.0 technologies, such as automation, artificial intelligence, and IoT.
· Establish smart manufacturing hubs to act as demonstration centers for Industry 4.0 solutions.
· Enhance productivity, quality, and competitiveness in manufacturing.
- The Ministry of Finance focuses on fiscal policies and economic governance but is not directly associated with manufacturing transformation under Industry 4.0. The Production Linked Incentive (PLI) Scheme, which offers incentives to various sectors to boost manufacturing in India. (Option (d) is incorrect)
Source: https://www.thehindu.com/opinion/op-ed/gamify-indias-skilling-initiatives/article68962313.ece
Incorrect
Solution (c)
Explanation:
- The Ministry of Commerce and Industry focuses on trade, export promotion, and industrial policy but does not implement SAMARTH Udyog Bharat 4.0. The Startup India initiative, aimed at promoting entrepreneurship and innovation in India, is a flagship program of this ministry. (Option (a) is incorrect)
- While the MSME Ministry promotes the development of small-scale industries, it is not directly involved in SAMARTH Udyog Bharat 4.0. The ZED (Zero Defect, Zero Effect) Certification Scheme, which promotes energy-efficient and sustainable manufacturing practices among MSMEs. (Option (b) is incorrect)
- SAMARTH Udyog Bharat 4.0 is an initiative of the Ministry of Heavy Industries (MHI) under the Industry 4.0 program, aimed at transforming India’s manufacturing sector into a globally competitive, smart manufacturing hub. SAMARTH stands for Smart Advanced Manufacturing and Rapid Transformation Hubs. (Option (c) is correct)
Key Objectives · Promote adoption of Industry 4.0 technologies, such as automation, artificial intelligence, and IoT.
· Establish smart manufacturing hubs to act as demonstration centers for Industry 4.0 solutions.
· Enhance productivity, quality, and competitiveness in manufacturing.
- The Ministry of Finance focuses on fiscal policies and economic governance but is not directly associated with manufacturing transformation under Industry 4.0. The Production Linked Incentive (PLI) Scheme, which offers incentives to various sectors to boost manufacturing in India. (Option (d) is incorrect)
Source: https://www.thehindu.com/opinion/op-ed/gamify-indias-skilling-initiatives/article68962313.ece
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Question 3 of 5
3. Question
The Indian start tortoise is listed in which of the following category of International Union for Conservation of Nature (IUCN) Red List of Threatened Species?
Correct
Solution (a)
Explanation:
- The Indian star tortoise (Geochelone elegans) is listed as Vulnerable in the IUCN Red List. Vulnerable reflects a high risk of extinction in the wild. Reasons for Vulnerable Status –
- Habitat Loss: Conversion of grasslands and dry forests into agricultural land.
- Illegal Wildlife Trade: Widely trafficked for its unique star-patterned shell, which makes it a sought-after pet.
- Overexploitation: Often collected for traditional medicines and religious practices.
- Distribution: Found in India, Pakistan, and Sri Lanka, primarily in dry, scrubby habitats. (Option (a) is correct)
- Endangered species face a higher risk of extinction than Vulnerable species. The Red Panda is classified as Endangered due to habitat loss and hunting.
- A Critically Endangered species is at an extremely high risk of extinction. The Great Indian Bustard is Critically Endangered due to habitat loss and poaching.
- Least Concern species face no immediate threat of extinction and have stable populations. The Indian Peafowl (National Bird of India) is classified as Least Concern.
Incorrect
Solution (a)
Explanation:
- The Indian star tortoise (Geochelone elegans) is listed as Vulnerable in the IUCN Red List. Vulnerable reflects a high risk of extinction in the wild. Reasons for Vulnerable Status –
- Habitat Loss: Conversion of grasslands and dry forests into agricultural land.
- Illegal Wildlife Trade: Widely trafficked for its unique star-patterned shell, which makes it a sought-after pet.
- Overexploitation: Often collected for traditional medicines and religious practices.
- Distribution: Found in India, Pakistan, and Sri Lanka, primarily in dry, scrubby habitats. (Option (a) is correct)
- Endangered species face a higher risk of extinction than Vulnerable species. The Red Panda is classified as Endangered due to habitat loss and hunting.
- A Critically Endangered species is at an extremely high risk of extinction. The Great Indian Bustard is Critically Endangered due to habitat loss and poaching.
- Least Concern species face no immediate threat of extinction and have stable populations. The Indian Peafowl (National Bird of India) is classified as Least Concern.
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Question 4 of 5
4. Question
Consider the following statements with respect to the Oilfields Bill, 2024:
- It seeks to amend the Oilfields (Regulation and Development) Act, 1948.
- It seeks to replace ‘petroleum lease’ with a ‘mining lease’.
- It seeks to bring in criminal punishment for those who contravene provisions of the Act.
How many of the statements above are correct?
Correct
Solution (a)
Explanation:
- The Oilfields Bill, 2024 aims to amend the Oilfields (Regulation and Development) Act, 1948, which governs petroleum and other mineral oil production in India. The amendment intends to enhance clarity on the scope of the law, especially the definition of “mineral oil”, and encourage private investment to boost domestic production. (Statement 1 is correct)
- The Bill proposes to replace references to ‘mining lease’ with ‘petroleum lease’, reversing the approach of the 1948 Act. A petroleum lease is defined as a lease granted for prospecting, exploration, and development of mineral oils such as crude oil, natural gas, and petroleum. (Statement 2 is incorrect)
- The Bill removes criminal punishment for violations of the Act, replacing it with monetary penalties. The current law allows imprisonment for up to six months and a fine of Rs. 1,000 for violations. The amendment proposes penalties of up to Rs. 25 lakh, with additional daily penalties of Rs. 10 lakh for continued violations. (Statement 3 is incorrect)
Incorrect
Solution (a)
Explanation:
- The Oilfields Bill, 2024 aims to amend the Oilfields (Regulation and Development) Act, 1948, which governs petroleum and other mineral oil production in India. The amendment intends to enhance clarity on the scope of the law, especially the definition of “mineral oil”, and encourage private investment to boost domestic production. (Statement 1 is correct)
- The Bill proposes to replace references to ‘mining lease’ with ‘petroleum lease’, reversing the approach of the 1948 Act. A petroleum lease is defined as a lease granted for prospecting, exploration, and development of mineral oils such as crude oil, natural gas, and petroleum. (Statement 2 is incorrect)
- The Bill removes criminal punishment for violations of the Act, replacing it with monetary penalties. The current law allows imprisonment for up to six months and a fine of Rs. 1,000 for violations. The amendment proposes penalties of up to Rs. 25 lakh, with additional daily penalties of Rs. 10 lakh for continued violations. (Statement 3 is incorrect)
-
Question 5 of 5
5. Question
Consider the following statements with reference to internationalising the rupee:
- Internationalising the rupee involves promoting its usage in global trade and finance.
- A fully internationalised rupee requires a complete opening of India’s capital account.
- Encouraging bilateral trade in rupees reduces dependence on foreign currencies like the US dollar.
Which of the statements above is/are correct?
Correct
Solution (d)
Explanation:
- Internationalisation of the rupee refers to increasing its acceptance for cross-border transactions, including trade, investments, and financial settlements. This allows the rupee to act as a global currency, reducing dependency on foreign currencies like the US dollar. Steps like using rupees for trade with Russia and offering Special Rupee Vostro Accounts (SRVAs) promote rupee internationalisation. (Statement 1 is correct)
- For the rupee to be fully internationalised, India’s capital account (which governs cross-border financial transactions) needs to be fully convertible. Currently, India has partial capital account convertibility to safeguard against external shocks.
- Full convertibility would allow unrestricted currency flows for investments, borrowing, and lending, increasing global demand for the rupee. However, risks like currency volatility and external imbalances need careful management before achieving full convertibility. (Statement 2 is correct)
- Bilateral trade in rupees eliminates the need for a third currency like the US dollar, reducing forex risks and transaction costs. India’s initiatives to settle trade with Russia and UAE in rupees, as well as promoting rupee accounts for trade with Africa and Southeast Asia, aim to reduce dependency on the dollar. (Statement 3 is correct)
Source: https://indianexpress.com/article/explained/explained-economics/rbi-dollar-reliance-9711765/
Incorrect
Solution (d)
Explanation:
- Internationalisation of the rupee refers to increasing its acceptance for cross-border transactions, including trade, investments, and financial settlements. This allows the rupee to act as a global currency, reducing dependency on foreign currencies like the US dollar. Steps like using rupees for trade with Russia and offering Special Rupee Vostro Accounts (SRVAs) promote rupee internationalisation. (Statement 1 is correct)
- For the rupee to be fully internationalised, India’s capital account (which governs cross-border financial transactions) needs to be fully convertible. Currently, India has partial capital account convertibility to safeguard against external shocks.
- Full convertibility would allow unrestricted currency flows for investments, borrowing, and lending, increasing global demand for the rupee. However, risks like currency volatility and external imbalances need careful management before achieving full convertibility. (Statement 2 is correct)
- Bilateral trade in rupees eliminates the need for a third currency like the US dollar, reducing forex risks and transaction costs. India’s initiatives to settle trade with Russia and UAE in rupees, as well as promoting rupee accounts for trade with Africa and Southeast Asia, aim to reduce dependency on the dollar. (Statement 3 is correct)
Source: https://indianexpress.com/article/explained/explained-economics/rbi-dollar-reliance-9711765/
Leaderboard: Daily Quiz 9 December 2024
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