Daily Current Affairs MCQ - May 4, 2021


10 Questions MCQ Test Current Affairs & Hindu Analysis: Daily, Weekly & Monthly | Daily Current Affairs MCQ - May 4, 2021


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QUESTION: 1

Consider the following statements regarding the mangroves of Guneri and Shravan Kavadia.

1. The mangroves of Guneri and Shravan Kavadia are located in the Indian part of Sundarbans region.

2. They survive because of underground supply of brackish or saline water.

Which of the above statements is/are correct?

Solution:

Mangroves, by definition, are small shrubs or trees that grow in saline or brackish water, and are found in coastal areas. The mangroves of Guneri and also of Shravan Kavadia, both in Kutch, however, are completely landlocked and are therefore unique. 

They (Kutch’s inland mangroves) are in fact among the very few, maybe three-four, of their kind recorded in the world. The others are in Brazil, Peru and South America.

The Arabian sea receded by 100-150 kms from the coastline, resulting in the inland mangroves of Guneri and Shravan Kavadia which survived because of continued supply of brackish or saline water underground. Experts therefore believe that these mangroves belong to ancient biogenetic pools. The good underground supply of brackish water, which helps in dispersal of seeds and propagation.

QUESTION: 2

Consider the following statements regarding Irrawaddy dolphins.

1. Irrawaddy Dolphins are normally found in sea coasts and in estuaries and rivers in parts of Bay of Bengal and South East Asia.

2. They are classified as Endangered as per IUCN Red List.

Which of the above statements is/are incorrect?

Solution:

The Irrawaddy dolphin (Orcaella brevirostris) is a euryhaline species of oceanic dolphin found in discontinuous subpopulations near sea coasts and in estuaries and rivers in parts of the Bay of Bengal and Southeast Asia.

Although found in much of the riverine and marine zones of South and Southeast Asia, the concentrated lagoon populations are found in Chilika Lake in Odisha and Songkhla Lake in southern Thailand.

Irrawaddy dolphins in general are listed as an Endangered species.

QUESTION: 3

Consider the following statements regarding Suez Canal.

1. Suez Canal is a natural waterway in Egypt.

2. Suez Canal connects the Mediterranean Sea to the Red Sea.

Which of the above statements is/are correct?

Solution:

The Suez Canal is an artificial sea-level waterway in Egyptconnecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez.

It offers vessels a direct route between the North Atlantic and northern Indian oceans.

QUESTION: 4

Consider the following statements regarding Inflation Targeting

1. Inflation targeting revolves around adjusting monetary policy to achieve a specified annual rate of inflation.

2. The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation.

Which of the above statements is/are correct?

Solution:

What Is Inflation Targeting?

  1. Inflation targeting is a central banking policy that revolves around adjusting monetary policy to achieve a specified annual rate of inflation.
  2. The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation.
  3. As a strategy, inflation targeting views the primary goal of the central bank as maintaining price stability.
QUESTION: 5

Umngot River, considered as India’s clearest river is located in

Solution:

The Meghalaya government has defended its plan to dam Umngot, arguably India’s clearest river, despite protests from more than a dozen villages downstream.

QUESTION: 6

Who among these is not serving as one of the Deputy Governors at RBI?

Solution:

The RBI deputy governors are Michael Patra, Mahesh Kumar Jain, M. Rajeshwar Rao and T. Rabi Sankar.

QUESTION: 7

With reference to ‘Network for Greening the Financial System’, consider the following statements:

1. It is a global network of government authorities advocating a more sustainable renewable energy production and consumption.

2. It was created at the Paris One Planet Summit in 2017.

Which of the statements given above is/are correct ?

Solution:
  • The Network for Greening the Financial System is a global network of central banks and supervisory authorities advocating a more sustainable financial system. Hence, statement 1 is not correct.
    • It aims to analyse the consequences of climate change for the financial system and to redirect global financial flows in order to enable low-carbon economic growth.
  • It was created at the Paris One Planet Summit in December 2017 and its secretariat is hosted by the Banque de France. Hence, statement 2 is correct.
QUESTION: 8

Consider the following statements:

1. P-8I patrol aircraft is a long-range maritime reconnaissance and anti-submarine warfare aircraft.

2. The US has granted India the same access to defence technology as it grants to its NATO allies.

Which of the statements given above is/are correct?

Solution:
  • P-8I patrol aircraft is a long-range maritime reconnaissance and anti-submarine warfare aircraft. Hence, statement 1 is correct.
    • It is a variant of the P-8A Poseidon aircraft that Boeing company developed as a replacement for the US Navy’s ageing P-3 fleet.
    • With a maximum speed of 907 kmph and an operating range of over 1,200 nautical miles, the P-8Is detect threats and neutralize them if required, far before they come anywhere near Indian shores.
    • Indian Navy became the first international customer for the P-8 aircraft in 2009.
  • Defense purchases from the United States have been increasingly an integral part of growing ties between the two countries.
    • From near zero in 2008, India-US defence trade touched USD 20 billion in 2020, helped along by major policy upgrades.
  • The US designating India a Major Defence Partner (in 2016) and then granting it the same access to defence technology as NATO allies and Australia, Japan and South Korea under Strategic Trade Authorization-1 (STA) in 2018. Hence, statement 2 is correct.
QUESTION: 9

Consider the following statements

1. The National Small Savings Fund (NSSF) was established within the Consolidated Fund of India.

2. The rules to administer NSSF are framed by the President of India under Article 283 (1) of the Indian Constitution.

Which of the statements given above is/are correct?

Solution:
  • The National Small Savings Fund (NSSF) within the Public Account of India was established in 1999. Hence, statement 1 is not correct.
    • The objective of the creation of the NSSF was to de-link small savings transactions from the Consolidated Fund of India and ensure their operation in a transparent and self-sustaining manner.
      • Since NSSF operates in the public account, its transactions do not impact the fiscal deficit of the Centre directly.
  • The Fund is administered by the Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2001, framed by the President of India under Article 283 (1) of the Indian Constitution. Hence, statement 2 is correct.
QUESTION: 10

Consider the following statements:

1. Operation Samudra Setu was launched by India to deliver medicines to the covid-19 affected countries.

2. The Indian navy has launched Operation Samudra Setu-II for shipment of Oxygen-filled containers to India.

Which of the statements given above is/are correct?

Solution:
  • Indian Navy has launched Operation Samudra Setu-II for shipment of Oxygen-filled containers to India. Hence, statement 2 is correct.
    • Seven Indian Naval ships viz. Kolkata, Kochi, Talwar, Tabar, Trikand, Jalashwa and Airavat have been deployed for shipment of liquid medical oxygen-filled cryogenic containers and associated medical equipment from various countries.
    • Two ships, the INS Kolkata and INS Talwar, have entered the Port of Manama, Bahrain, to carry back 40 tonnes of liquid oxygen to Mumbai.
    • The INS Jalashwa is enroute to Bangkok while the INS Airavat is on its way to Singapore on a similar mission.
  • Operation Samudra Setu was launched in May 2020 as part of the national effort to repatriate Indian citizens from overseas during the Covid-19 pandemic. Hence, statement 1 is not correct.