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Daily Current Affairs Prelims Quiz - 29-02-2020 - (Online Prelims Test)

1) Consider the following statements with respect to Indian Banks’ Association (IBA)

  1. It is a voluntary association of banks with members from Public Sector, Private Sector, Foreign and Co-operative Banks in India.
  2. It publishes Financial Conditions Index (FCI) along with CII.

Which of the statement(s) given above is/are correct?

  • a. 
  • b. 
  • c. 
  • d. 
Answer : c
  • The meeting between bank employees unions and the Indian Banks Association (IBA) on wage negotiations scheduled for February 29.
  • It is likely to see the United Forum of Bank Unions (UFBU) accepting the IBA’s latest offer of a 15% hike.
  • The UFBU is the umbrella body of nine bank unions.
  • The Indian Banks' Association (IBA) was formed on September 26, 1946 with 22 members.
  • As on April, 2018 the total Membership of the Association is 252.
  • It is an association of Indian banks and financial institutions. It is based in Mumbai.
  • It is a voluntary association of banks with members from Public Sector, Private Sector, Foreign and Co-operative Banks in India.
  • The CII – IBA- Financial Conditions Index (FCI) is based on a quarterly survey of major banks and financial institutions on their expectations of key financial and economic variables determining financial conditions in the Indian economy.
  • The CII – IBA, FCI is made up of 4 sub-indices - Cost of Funds Index, Funding Liquidity Index, External Financial Linkages Index, and Economic Activity Index.

2) Consider the following statements with respect to the One Nation One Ration Card

  1. New ration cards are being made under the One Nation One Ration Card scheme and the old ration cards will become invalid.
  2. For national portability, the state governments have been asked to issue fresh ration card in bi-lingual format, wherein besides the local langauge, the other language should be Hindi or English.

Which of the statement(s) given above is/are correct?

  • a. 
  • b. 
  • c. 
  • d. 
Answer : b
  • Ministry of Consumer Affairs, Food and Public Distribution aims to roll out ‘One Nation-One Card’ with 20 States on board from June 1.
  • One of the key advantages of the One Nation One Ration Card Scheme is that beneficiaries will be able to avail their entitled food grain under the National Food Security Act from any Fair Price Shop located across India.
  • The existing card will be accepted across the country to get subsidised foodgrain.
  • No new ration cards are being made under the One Nation One Ration Card scheme.
  • The Centre has designed a standard format for ration cards and has asked state governments to follow the pattern while issuing fresh ration cards.
  • For national portability, the state governments have been asked to issue fresh ration card in bi-lingual format, wherein besides the local langauge, the other language could be Hindi or English.
  • The states have also been told to have a 10-digit standard ration card number, wherein first two digits will be state code and the next two digits will be running ration card numbers.

3) Consider the following statements with respect to National Science Day

  1. National Science Day is celebrated every year to commemorate Indian physicist CV Raman discovering the Raman effect.
  2. The theme of this year’s science day is, Women in Science.
  3. CV Raman was the first Indian to win the Nobel Prize in Physics.

Which of the statement(s) given above is/are not correct?

  • a. 
  • b. 
  • c. 
  • d. 
Answer : d
  • In 1986, the Government of India designated February 28 as National Science Day, to commemorate the announcement of the discovery of the “Raman effect”.
  • The Raman effect won scientist Sir CV Raman the Nobel Prize for physics in 1930.
  • It was also designated as an International Historic Chemical Landmark jointly by the American Chemical Society (ACS) and the Indian Association for the Cultivation of Science (IACS).
  • The theme of this year’s science day is “Women in Science”.
  • Raman discovered that when a stream of light passes through a liquid, a fraction of the light scattered by the liquid is of a different colour.
  • CV Raman was the first Indian to win the Nobel Prize in Physics (1930).
  • Overall, Rabindranath Tagore was the first Indian to win the Nobel Prize (Literature) 1913.

4) IS 10500-2012 sometime seen in news is related to

  • a. 
  • b. 
  • c. 
  • d. 
Answer : a
  • None of the drinking water samples randomly collected from across Delhi conforms to the ISO standards of purity in one or more requirements, the Bureau of Indian Standards (BIS) informed the Supreme Court recently.
  • It was found as per, IS 10500:2012 specification for Drinking Water.
  • The standard was adopted by the Bureau of Indian Standards with the following objectives,
  1. To assess the quality of water resources, and
  2. To check the effectiveness of water treatment and supply by the concerned authorities.

5) Consider the following statements with respect to Cheetah reintroduction project

  1. Kuno-Palpur Wildlife Sanctuary and Nauradehi Wildlife Sanctuary in Madhya Pradesh and Shahgarh Landscape in Rajasthan are recommended sites to reintroduce cheetahs in India.
  2. Cheetahs are listed as Vulnerable by the International Union for the Conservation of Nature (IUCN) Red List of Threatened Species.

Which of the statement(s) given above is/are correct?

  • a. 
  • b. 
  • c. 
  • d. 
Answer : c
  • The reintroduction of cheetahs in India can be very useful for the species, and obviously very important for the biodiversity of India’s grassland ecosystems, according to Laurie Marker, the founder of Cheetah Conservation Fund and serves on the IUCN’s Species Survival Commission’s Cat Specialist Group.
  • The country’s last spotted cheetah died in Chhattisgarh in 1947.
  • Later, the cheetah was declared extinct in India in 1952.
  • An ambitious project to reintroduce cheetah in India has been in the talk and wildlife experts have shortlisted regions for Cheetah reintroduction sites.
  • Potential site for the Cheetah Reintroduction in India includes, Kuno-Palpur Wildlife Sanctuary and Nauradehi Wildlife Sanctuary, both in Madhya Pradesh, and Shahgarh Landscape in Rajasthan.
  • The project focused on relocating cheetah from Namibia in Africa.
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