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Current Affairs for IAS Prelims Exam 2017: February 2017 Questions II

Feb 2, 2017 12:22 IST

    current affairs quiz of February

    Current affairs should be organized keeping in mind the syllabus of UPSC IAS prelims and mains. UPSC IAS prelims preparation requires a deep consolidation and fundamental knowledge of the current happenings.

    Current Issues and Events

    Current affair is the most dynamic and challenging portion of the IAS Prelims preparation which should be studied in depth. For anyone who is starting his/her preparation, current affairs should be given priority.

    View Current Affairs Quiz January 2017

    We will continue to provide the current affairs questions for IAS Prelims 2017 to help you gain a better perception of how questions can be asked in the examination.

    1. Which of the following is not one of the reforms or developments announced under the Union Budget 2017?

    1) The Surcharge of 10% of tax payable on the categories of individuals whose annual taxable income is between 50 lakhs and 1 crore.
    2) Dairy Processing and Infrastructure Development Fund to be set up in NABARD.
    3) Skill Acquisition and Knowledge, Awareness for Livelihood Promotion programme (SANKALP) to be launched.

    Choose the correct statement(s):

    a. Only 1
    b. 3 and 2
    c. 1 and 3
    d. 1, 2 and 3

    Answer: d

    Explanation:

    Some changes announced in the Union Budget 2017 are as follows:

    • Existing rate of taxation for individual assesses between incomes of 2.5 lakhs to 5 lakhs reduced to 5% from the present rate of 10%.
    • Surcharge of 10% of tax payable on the categories of individuals whose annual taxable income is between 50 lakhs and 1 crore
    • Simple one-page form to be filed as Income Tax Return for the category of individuals having taxable income upto 5 lakhs other than business income.
    • Skill Acquisition and Knowledge, Awareness for Livelihood Promotion programme (SANKALP) to be launched at a cost of 4000 crores. SANKALP will provide market relevant training to 3.5 crore youth.

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    2. Recently, the Odisha government rejected the Centre’s negotiation committee on Mahanadi river water dispute with Chhattisgarh. Consider the following statements regarding the constitutional provisions of Inter- state water disputes:

    1) Article 262 of the Constitution provides for the adjudication of interstate water disputes.
    2) Parliament may by law provide for the adjudication of any dispute with respect to the distribution of the waters of any interstate river.
    3) Only the Supreme Court is to have any jurisdiction in respect of any water dispute which may be referred to a tribunal under the Interstate Water Disputes Act.

    Which of the following statements is correct?

    a. Only 1
    b. 1 and 2
    c. 2 and 3
    d. 1 and 3

    Answer: b

    Explanation:

    Article 262 of the Constitution provides for the adjudication of interstate water disputes. It makes two provisions that the Parliament may by law provide for the adjudication of any dispute or complaint with respect to the use, distribution, and control of the waters of any interstate river and river valley and the Parliament may also provide that neither the Supreme Court nor any other court is to exercise jurisdiction in respect of any such dispute or complaint.

    The Interstate Water Disputes Act empowers the Central government to set up an ad hoc tribunal for the adjudication of a dispute between two or more states in relation to the waters of an interstate river or river valley. The decision of the tribunal would be final and binding on the parties to the dispute. Neither the Supreme Court nor any other court is to have jurisdiction in respect of any water dispute which may be referred to such a tribunal under this Act.

    Current Affairs Quiz for February 2017 Questions I

    3. India’s ASTROSAT has captured the rare phenomenon of a small six-billion-year-old “vampire” star “preying” on a bigger celestial body. Consider the following statements regarding the ASTROSAT:

    1) AstroSat is the first dedicated Indian astronomy mission.
    2) It aimed at studying celestial sources in X-ray, radio and UV spectral bands simultaneously.
    3) It enables the simultaneous multi-wavelength observations of various astronomical objects with a single satellite.

    Which of the following statements is correct?

    a. Only 1
    b. 1 and 2
    c. 2 and 3
    d. 1 and 3

    Answer: d

    Explanation:

    AstroSat is the first dedicated Indian astronomy mission aimed at studying celestial sources in X-ray, optical and UV spectral bands simultaneously. One of the unique features of AstroSat mission is that it enables the simultaneous multi-wavelength observations of various astronomical objects with a single satellite.

    AstroSat with a liftoff mass of 1515 kg was launched on September 28, 2015 into a 650 km orbit by PSLV-C30 from Satish Dhawan Space Centre, Sriharikota. The minimum useful life of the AstroSat mission is expected to be 5 years. The scientific objectives of AstroSat mission are:

    • To understand high energy processes in binary star systems containing neutron stars and black holes;
    • Estimate magnetic fields of neutron stars;
    • Study star birth regions and high energy processes in star systems lying beyond our galaxy;
    • Detect new briefly bright X-ray sources in the sky;
    • Perform a limited deep field survey of the Universe in the Ultraviolet region.

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    4. Recently, the Union Cabinet has approved the extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY) from 15 to 20 years. Which of the following objective(s) of Credit Linked Subsidy Scheme (CLSS) is/are correct?

    a. One of the objective is to increase the off-take in EWS and LIG segments under existing Pradhan MantriAwasYojana (Urban) – Housing for All Mission.
    b. Outreach to the Middle Income Group (MIG).
    c. Make procedures easy for the Primary Lending Institutions (PLIs)
    d. All of the above

    Answer: d

    Explanation:

    The Union Cabinet has given ex-post facto approval to the proposals for
    • Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) vertical of Pradhan MantriAwasYojana (Urban) Mission from 15 to 20 years (to be renamed as CLSS for EWS/LIG. It will be named as CLSS for economically weaker sections of society / Lower Income Group;
    • Introduction of a new Credit-Linked Subsidy Scheme for MIG” for targeting the MIG category;
    • Allowing the Primary Lending Institutions (PLIs) that have signed MoU with the Central Nodal Agencies (CNAs), under the CLSS vertical of PMAY(Urban) (now CLSS for EWS/LIG), the option to extend the mandate of their MoU to CLSS for MIG with appropriate changes as applicable;
    • For rationalizing/introducing the processing fees payable to the PLIs for the loans sanctioned under these schemes;
    • Allocation of Rs. 1000 crore initially in the budget for 2017-18 at the BE stage for the proposed CLSS for MIG and
    • Issue of the operational guidelines for CLSS for MIG with approval of the Minister-in-charge.

    Objectives of CLSS:

    • Increase the off-take in EWS and LIG segments under existing Pradhan Mantri Awas Yojana (Urban) – Housing for All Mission;
    • Outreach to the Middle Income Group (MIG);
    • Make procedures easy for the Primary Lending Institutions (PLIs);
    • Provide an incentive to PLIs for increased participation in the housing and urban development sector;
    • Make available funds through necessary funds through Budgetary provisions and
    • Clearly define the procedure /implementation of programmes.

    5. Recently, the scientists have confirmed the existence of a “lost continent” in which of the following islands of the Indian Ocean?

    a. Java
    b. Mauritius
    c. Andaman
    d. Lakshadweep

    Answer: b

    Explanation:

    Scientists have confirmed the existence of a “lost continent” under the Indian Ocean island of Mauritius that was left over by the breakup of the supercontinent, Gondwana, which started about 200 million years ago. Mauritius is an island, and there is no rock older than nine million years old on the island.

    The piece of crust, which was subsequently covered by young lava during volcanic eruptions on the island, seems to be a tiny piece of an ancient continent, which broke off from the island of Madagascar, when Africa, India, Australia and Antarctica split up and formed the Indian Ocean.

    By studying the mineral, zircon, found in rocks spewed up by lava during volcanic eruptions, Prof. Ashwal and his colleagues have found that remnants of this mineral were far too old to belong on the island of Mauritius.

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