HomeDaily QuizUPSC Daily Quiz | 25 July 2024 UPSC Daily Quiz | 25 July 2024Daily Quiz, July 2024 | By admin /5 Daily Quiz - 25 July Tarun IAS offers a variety of courses and resources for UPSC aspirants, including a section for daily current affairs and quizzes. The institute was established with the goal of providing high-quality education and preparing students for the IAS exams. They aim to offer education that is up to date, challenging, and accessible regardless of the student's location or the time of dayTarun IAS emphasizes the importance of Current Affairs in both the prelims and mains of the UPSC exams, offering extensive materials and notes on the subject. Her For the most current and specific daily MCQs related to current affairs or any other subject, please click on the link below. 1 / 5 Q1. In the context of infrastructure development in India, which of the following have been correctly matched?1) Sagarmala: Reducing cost of transporting domestic cargo through optimizing modal mix.2) Parvatmala: Development of roads and tunnels across the major mountainous routes.3) Bharatmala: Optimizing efficiency of freight and passenger movement across the country.Select the correct answer using the code given below. 2 only 3 only 1 and 2 only 1 and 3 only Explanation:Relevance: Union Budget 2024-25Sagarmala ProgrammeStatement โ1โ is correct: The Sagarmala programme is the flagship programme of the Ministry of Shipping to promote port-led development in the country over the period 2015 to 2035 through harnessing India's 7,500 km long coastline, 14500 km of potentially navigable waterways and strategic location on key international maritime trade routes.Vision of the Sagarmala Programme is to reduce logistics cost for export-import (EXIM) and domestic trade with minimal infrastructure investment. This includes:Reducing cost of transporting domestic cargo through optimizing modal mixLowering logistics cost of bulk commodities by locating future industrial capacities near the coastImproving export competitiveness by developing port proximate discrete manufacturing clustersOptimizing time/cost of EXIM container movementParvatmala: National Ropeways Development ProgrammeStatement โ2โ is not correct: Union Finance Minister while presenting Union Budget for 2022-23 announcedย National Ropeways Development Programme โ โParvatmalaโ -- will be taken up on PPP mode, which will be a preferred ecologically sustainable alternative in place of conventional roads in difficult hilly areas.The idea is to improve connectivity and convenience for commuters, besides promoting tourism.ย This may also cover congested urban areas, where conventional mass transit systems are not feasible.ย ย The Ministry of Road Transport and Highways (MORTH) has so far been responsible for development of Highways and regulating the road transport sector across the country.ย ย From February 2021, the Ministry will also look after the development of Ropeways and Alternate Mobility Solutions.ย Bharatmala Pariyojanaย Statement โ3โ is correct: Bharatmala Pariyojana is an umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like development of:Economic Corridors,ย Inter Corridors and Feeder Routes,ย National Corridor Efficiency Improvement,ย Border and International connectivity roads,ย Coastal and Port connectivity roads andย Green-field expressways.ย Therefore, option (d) is the correct answer.Subject: Current Affairs | EconomyLevel of Difficulty: Moderate | FactualReferences:https://pib.gov.in/PressReleasePage.aspx?PRID=2035618 2 / 5 Q2. The list of Budget documents presented to the Parliament, besides the Finance Ministerโs Budget Speech, are:1) Medium-Term Fiscal Policy Statement2) Output Outcome Monitoring Framework3) Implementation of Budget Announcements, 2021-2022Select the correct answer using the code given below. 1 only 1 and 2 only 3 only 1, 2 and 3 Explanation:Relevance: Union Budget 2024-25The list of Budget documents presented to the Parliament, besides the Finance Ministerโs Budget Speech, is given below:A. Annual Financial Statement (AFS)B. Demands for Grants (DG)C. Finance BillD. Statements mandated under FRBM Act:i. Macro-Economic Framework Statementii. Medium-Term Fiscal Policy cum Fiscal Policy Strategy StatementE. Expenditure BudgetF. Receipt BudgetG. Expenditure ProfileH. Budget at a GlanceI. Memorandum Explaining the Provisions in the Finance BillJ. Output Outcome Monitoring FrameworkK. Key Features of Budget 2022-23L. Implementation of Budget Announcements, 2021-2022Therefore, option (d) is the correct answer.Subject: Current Affairs | EconomyLevel of Difficulty: Moderate | FactualReferences:https://pib.gov.in/PressReleasePage.aspx?PRID=2035618 3 / 5 Q3. Consider the following statements:1) The estimates of revenue receipts shown in the Annual Financial Statement take into account the effect of various taxation proposals made in the Finance Bill.2) Dividend on investments made by the Government is a part of the capital receipts.3) Making interest payments on debt and meeting subsidies are considered revenue expenditure.Which of the statements given above are correct? 1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3 Explanation:Relevance: Union Budget 2024-25The Revenue Budget consists of the revenue receipts of the Government (Tax revenues and other Non-Tax revenues) and the expenditure met from these revenues.(Statement 1 is correct) The estimates of revenue receipts shown in the Annual Financial Statement take into account the effect of various taxation proposals made in the Finance Bill.(Statement 2 is not correct) Other non-tax revenue receipts of the Government mainly consist of interest and dividend on investments made by the Government, fees and other receipts for services rendered by the Government.(Statement 3 is correct) Revenue expenditure is for the normal running of Government departments and for rendering of various services, making interest payments on debt, meeting subsidies, grants in aid, etc.Therefore, option (c) is the correct answer.Subject: Current Affairs | EconomyLevel of Difficulty: Moderate | FactualReferences:https://pib.gov.in/PressReleasePage.aspx?PRID=2035618 4 / 5 Q4. In the context of the Union Budget, which of the following have been correctly matched?1) Annual Financial Statement: Article 110 of the Constitution2) Finance Bill: Article 112 of the Constitution3) Demands for Grants: Article 113 of the Constitution4) Public Account of India: Article 266 of the ConstitutionSelect the correct answer using the code given below: 1 and 2 only 2, 3 and 4 only 3 and 4 only 1, 2, 3 and 4 Explanation:Relevance: Union Budget 2024-25(Pair 1 is not correctly matched) The Annual Financial Statement (AFS), the document as provided under Article 112, shows the estimated receipts and expenditure of the Government of India for 2022-23 in relation to estimates for 2021-22 as also actual expenditure for the year 2020-21.(Pair 2 is not correctly matched but pair 3 is correctly matched) Demands for Grants and Finance Bill are mandated by Article 113 and 110(a) of the Constitution of India respectively.(Pair 4 is correctly matched) The Public Account draws its existence from Article 266 of the Constitution of India. Provident Funds, Small Savings collections, income of Government set apart for expenditure on specific objects such as road development, primary education, other Reserve/Special Funds etc., are examples of moneys kept in the Public Account.Therefore, option (c) is the correct answer.Subject: Current Affairs | EconomyLevel of Difficulty: Moderate | FactualReferences:https://pib.gov.in/PressReleasePage.aspx?PRID=2035618 5 / 5 Q5. The central sector scheme of Climate Change Action program (CCAP) has been extended upto 2025-26. Which of the following are among the components of this scheme?1) National Adaptation Fund on Climate Change (NAFCC)2) National Institute on Climate Change Studies & Actions (NICCSA)3) National Carbonaceous Aerosols Programme (NCAP)4) Long Term Ecological Observations (LTEO)Select the correct answer using the code given below. 1 and 3 only 2 and 4 only 1, 3 and 4 only 2, 3 and 4 only Explanation:Relevance: Union Budget 2024-25Climate Change Action program (CCAP) is a central sector scheme, initially launched in 2014, for a duration of five years.ย (Only Options 2, 3 and 4 are correct) The scheme has now been extended upto 2025-26, and consists of eight broad sub-components including the National Action Plan on Climate Change (NAPCC) coordination, State Action Plan on Climate Change (SAPCC), National Institute on Climate Change Studies & Actions, National Carbonaceous Aerosols Programme (NCAP), Long Term Ecological Observations (LTEO), International negotiations and capacity building.ย (Option 1 is not correct). The National Adaptation Fund on Climate Change (NAFCC) was launched in 2015. The projects under this initiative focus on climate sensitive sectors such as agriculture, water, forestry as well as the coastal and Himalayan ecosystem, and are being implemented to enhance the adaptive capacity of the most vulnerable sections of our population and ecosystems.ย ย Therefore, option (d) is the correct answer.Subject: Current Affairs | EconomyLevel of Difficulty: Moderate | FactualReferences:https://pib.gov.in/PressReleasePage.aspx?PRID=2035618 Your score is 0% Restart quiz