Current Affairs Quiz 12 July 2022
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Current Affairs Quiz 12 July 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following statements regarding Big Bang Theory are Correct?
1. All matter forming the universe existed in one place in the form of a multiple atom with an unimaginably small volume, infinite temperature and infinite density.
2. After the Big bang explosion now the universe is in steady position and will always in same positionCorrectAns:- D) None of the above
Explanation:- Statement A is not correct because , In the beginning, all matter forming the universe existed in one place in the form of a “tiny ball” (singular atom) with an unimaginably small volume, infinite temperature and infinite density.
Statement B is not Correct because ,Greater evidence becoming available about the expanding universe, scientific community at present favors argument of expanding universe.
IncorrectAns:- D) None of the above
Explanation:- Statement A is not correct because , In the beginning, all matter forming the universe existed in one place in the form of a “tiny ball” (singular atom) with an unimaginably small volume, infinite temperature and infinite density.
Statement B is not Correct because ,Greater evidence becoming available about the expanding universe, scientific community at present favors argument of expanding universe.
- Question 2 of 5
2. Question
Which of the following statements regarding Central Consumer Protection Authority is\are correct?
1. CCPA is a regulatory body established in 2020 based on the provisions of the Consumer Protection Act, 2019.
2. CCPA works under the administrative control of the Ministry of Home Affairs.Select the correct answer from the code below.
CorrectAnswer: A
About Central Consumer Protection Authority
• CCPA is a regulatory body established in 2020 based on the provisions of the Consumer Protection Act, 2019.
• CCPA works under the administrative control of the Ministry of Consumer Affairs.Objective:
• To promote, protect and enforce the rights of consumers as a class.
• To conduct investigations into violation of consumer rights and institute complaints/prosecution.
• To order the recall of unsafe goods and services, discontinuation of unfair trade practices and misleading advertisements.
• To impose penalties on manufacturers/endorsers/publishers of misleading advertisements.IncorrectAnswer: A
About Central Consumer Protection Authority
• CCPA is a regulatory body established in 2020 based on the provisions of the Consumer Protection Act, 2019.
• CCPA works under the administrative control of the Ministry of Consumer Affairs.Objective:
• To promote, protect and enforce the rights of consumers as a class.
• To conduct investigations into violation of consumer rights and institute complaints/prosecution.
• To order the recall of unsafe goods and services, discontinuation of unfair trade practices and misleading advertisements.
• To impose penalties on manufacturers/endorsers/publishers of misleading advertisements. - Question 3 of 5
3. Question
Which of the following statements regarding Sarfaesi Act (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) is\are correct?
1. The Sarfaesi Act of 2020 was brought in to guard financial institutions against loan defaulters.
2. To recover their bad debts, the banks under this law can take control of securities pledged against the loan, manage or sell them to recover dues only with court intervention.Select the correct answer from the code below.
CorrectAnswer: D
What is the Sarfaesi Act?
• The Sarfaesi Act of 2002 was brought in to guard financial institutions against loan defaulters.
• To recover their bad debts, the banks under this law can take control of securities pledged against the loan, manage or sell them to recover dues without court intervention.
• The law is applicable throughout the country and covers all assets, movable or immovable, promised as security to the lender.IncorrectAnswer: D
What is the Sarfaesi Act?
• The Sarfaesi Act of 2002 was brought in to guard financial institutions against loan defaulters.
• To recover their bad debts, the banks under this law can take control of securities pledged against the loan, manage or sell them to recover dues without court intervention.
• The law is applicable throughout the country and covers all assets, movable or immovable, promised as security to the lender. - Question 4 of 5
4. Question
Which of the following countries are the members of SAARC
1.Maldives
2.Mauritius
3.Afghanistan
4.Nepal
5.Mayanmar
Select the correct answer from the code given belowCorrectSolution: C
The idea of regional cooperation in South Asia was first raised in November 1980. After consultations, the foreign secretaries of the seven founding countries—Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka—met for the first time in Colombo in April 1981.
Afghanistan became the newest member of SAARC at the 13th annual summit in 2005.
The Headquarters and Secretariat of the Association are at Kathmandu, Nepal.IncorrectSolution: C
The idea of regional cooperation in South Asia was first raised in November 1980. After consultations, the foreign secretaries of the seven founding countries—Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka—met for the first time in Colombo in April 1981.
Afghanistan became the newest member of SAARC at the 13th annual summit in 2005.
The Headquarters and Secretariat of the Association are at Kathmandu, Nepal. - Question 5 of 5
5. Question
There has been constant strife between India and China over the Pangong Tso lake region as both assert territorial possession. The lake is called as an “endorheic basin” which means:
CorrectSolution: A
Justification: It is a “high grassland lake”, located in the Himalayas stretching out from India to China. One-third of water body is in Indian control while the rest of the 90 km is under Chinese control.
Option A: An endorheic basin is a closed drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans, but converges instead into lakes or swamps, permanent or seasonal, that equilibrate through evaporation. Such a basin may also be referred to as a closed or terminal basin or as an internal drainage system. The lake is in the process of being identified under the Ramsar Convention as a wetland of international importance. This will be the first trans-boundary wetland in South Asia under the convention.IncorrectSolution: A
Justification: It is a “high grassland lake”, located in the Himalayas stretching out from India to China. One-third of water body is in Indian control while the rest of the 90 km is under Chinese control.
Option A: An endorheic basin is a closed drainage basin that normally retains water and allows no outflow to other external bodies of water, such as rivers or oceans, but converges instead into lakes or swamps, permanent or seasonal, that equilibrate through evaporation. Such a basin may also be referred to as a closed or terminal basin or as an internal drainage system. The lake is in the process of being identified under the Ramsar Convention as a wetland of international importance. This will be the first trans-boundary wetland in South Asia under the convention.
