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Current Affairs for IAS Prelims Exam 2018: 21 July 2017

Jul 21, 2017 12:11 IST
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Current Affairs for IAS Prelims Exam 2018 21 July 2017
Current Affairs for IAS Prelims Exam 2018 21 July 2017

Through this article, we have provided current affairs quizzes for the preparation of IAS Prelims Exam 2018. The given current affairs questions are very important for IAS Prelims Exam and also the questions have the same pattern of UPSC IAS Prelims Exam.

IAS Prelims Exam Guide

1. Consider the following statements regarding the Indian Satellites in Outer Space:

1. At present, there are 42 Indian satellites operational in orbit.
2. Out of these 42 satellites, 15 satellites are used for communication, 4 for meteorological observations, 14 for earth observations, 7 for navigation and 2 for space science purposes.
3. With respect to earth observation satellites, the annual income from the sale of remote sensing satellite data is Rs. 25.17 crores.

Which of the following above statements is true?
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3

Answer: d

Explanation:

At present, there are 42 Indian satellites operational in orbit. Out of these 42 satellites, 15 satellites are used for communication, 4 for meteorological observations, 14 for earth observations, 7 for navigation and 2 for space science purposes. During FY 2016-17, the total revenue accrued from communication satellites through leasing of INSAT/ GSAT transponders is Rs. 746.68 crore.

With respect to earth observation satellites, the annual income from the sale of remote sensing satellite data is Rs. 25.17 crores. The data and value added services derived from earth observation, meteorological, communication & navigation satellites are used to support various applications viz. resource monitoring, weather forecasting, disaster management, location based services, including societal applications.

The expenses to realise and launching of these satellites are less than those of other countries.

Current Affairs Quizzes for IAS Prelims 2018: June 2017

2. The Ministry of Finance will formally launch the Pradhan Mantri Vaya Vandana Yojana (PMVVY). Consider the following statements regarding the major benefits under the Pradhan Mantri Vaya Vandana Yojana (PMVVY):
1. The pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.
2. The scheme comes under the purview of Service Tax/GST.
3. On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.

Which of the following above statements is true?
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3

Answer: c

Explanation:

The Union Minister for Finance, Defence and Corporate Affairs will formally launch the Pradhan Mantri Vaya Vandana Yojana (PMVVY) tomorrow in the national capital. PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from 4th May 2017 to 3rd May, 2018. The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme.

Following are the major benefits under the Pradhan Mantri Vaya Vandana Yojana (PMVVY):

• The scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.

• The pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.

• The scheme is exempted from Service Tax/ GST.

• On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.

• Loan up to 75% of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds.

• The scheme also allows for the premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98% of the Purchase Price shall be refunded.

• On the death of the pensioner during the policy term of 10 years, the Purchase Price shall be paid to the beneficiary.

Current Affairs Quizzes for IAS Prelims 2018: May 2017

3. The Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) which will be named as “Aajeevika Grameen Express Yojana (AGEY)”. Consider the following statements regarding this:
1. The proposed sub-scheme will be implemented in 250 blocks in the country on a pilot basis for a period of 3 years from 2017-18 to 2019-20.
2. One of the options proposed to be given under the sub-scheme is that the Community Based Organisation (CBO) will provide interest-free loan from its own corpus to Self Help Group member for purchase of the vehicle.

Which of the following statements is true?
a. Only 1
b. 1 and 2
c. Only 2
d. Neither 1 nor 2

Answer: b

Explanation:

The Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) which will be named as “Aajeevika Grameen Express Yojana (AGEY)”.

This will provide safe, affordable and community monitored rural transport services like e-rickshaws, 3 and 4 wheeler motorised transport vehicles to connect remote villages with key services and amenities including access to markets, education and health for the overall economic development of the area. The sub-scheme will be implemented in 250 blocks in the country on a pilot basis for a period of 3 years from 2017-18 to 2019-20. The States have been informed about the number of blocks allocated to them to take up this sub-scheme in the pilot phases. One of the options proposed to be given under the sub-scheme is that the Community Based Organisation (CBO) will provide interest-free loan from its own corpus to Self Help Group member for purchase of the vehicle.

Current Affairs for IAS Prelims 2018- April 2017

4. Which of the following districts of Bihar has taken as the mega handloom cluster?
a. Bhagalpur
b. Gaya
c. Vaishali
d. Muzaffarpur

Answer: a

Explanation:

As announced in Union Budget 2014-‘15, the Government of India has taken up Bhagalpur as mega handloom cluster at a total project cost of Rs. 17.15 crore, including Govt. of India’s share of Rs. 16.21 crore. The mega cluster covers Bhagalpur & Baka districts. Besides this, two block-level clusters at Nawada (Nawada District) and Dehri (Rohtas District) have been sanctioned at a total project cost of Rs. 236.29 lakh (including GoI share of Rs. 230.60 lakh) and Rs. 192.03 lakh (including GoI share of Rs. 190.05 lakh) respectively.

ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

5. Consider the following welfare schemes for the textile workers implemented by the Ministry of Textile:
1. Rajiv Gandhi Shilpi Swasthaya Bima Yojana for Health Insurance, currently under a merger with Rashtriya Shilpi Swasthya Bima Yojana.
2. Support to artisans in indigent circumstances, wherein award of Rs 3500 is provided to Shilp Gurus and recipients of National award/National merit certificates, who are below 60 years of age, earning less than Rs. 50,000.
3. Interest subvention scheme under which interest subvention of 6% is provided to handicraft workers, with a limit of one lakh rupees for three years.

Which of the following above statements is true?
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3

Answer: d

Explanation:

The following welfare schemes for textile workers are being implemented by the Ministry of Textiles:

Direct Benefit to Artisans is being implemented for artisans in the Handicrafts sector; it has the following sub-components:

•  Rajiv Gandhi Shilpi Swasthaya Bima Yojana for Health Insurance, currently under merger with Rashtriya Shilpi Swasthya Bima Yojana.

•  Aam Admi Bima Yojana, providing for life insurance and accident Insurance.

•  Support to artisans in indigent circumstances, wherein award of Rs 3500 is provided to Shilp Gurus and recipients of National award/National merit certificates, who are below 60 years of age, earning less than Rs. 50,000.

•  Credit Guarantee Scheme under which Office of DC (Handicrafts) pays guarantee fee to Credit Gaurantee Fund Trust for Micro and small enterprises for the coverage of handicraft artisans.

•  Mudra loan for Handicraft Artisans in line with Pradhan Mantri Mudra Yojana.

•  Interest subvention scheme under which interest subvention of 6% is provided to handicraft workers, with a limit of one lakh rupees for three years.

Current Affairs Quizzes 2016 for IAS Prelims 2018

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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