02 Jul 2022: UPSC Exam Comprehensive News Analysis

Quote for the day Set 5 11

CNA 02 July 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
POLITY
1. Sedition law should go: Sinha
C. GS 3 Related
ECONOMY
1. Govt. hikes duty on gold to cushion rupee
D. GS 4 Related
E. Editorials
POLITY
1. Reset mode
F. Prelims Facts
G. Tidbits
1. DRDO carries out test flight of autonomous UAV
2. Students to be assessed on Deshbhakti curricula
3. ‘India’s nuclear policy reflects past ideology’
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

2. Students to be assessed on Deshbhakti curricula

  • The Delhi government launched new assessment guidelines which introduce a major change in the flagship offering of the Delhi government schools. As per the guidelines:
    • Students of Class III-VIII will be assessed for Happiness and Deshbhakti curricula.
    • Students of Class IX and Class XI will be assessed for Deshbhakti and Entrepreneurship Mindset curricula.
  • The happiness curriculum aims to build emotional resilience in children in a holistic manner.
  • The Deshbhakti curriculum seeks to inculcate a sense of love and pride for the country among students and educate them about their responsibilities and duties towards the country.
  • The Entrepreneurship Mindset curriculum is expected to equip students to take charge of their career paths and become job providers instead of job seekers.

3. ‘India’s nuclear policy reflects past ideology’

  • The National Human Rights Commission (NHRC) chairperson said that India’s policy on nuclear weapons is a manifestation of its past ideology.
  • He stated that Indian civilisational ethos was “blessed with the power of assimilation of different streams of ideas and faiths, as we want to improve and not impose our culture upon others, which may amount to a violation of human rights”.
  • He further said that the world currently is facing the threat of destructive weapons, the use of which only benefitted the manufacturers of the weapons.

H. UPSC Prelims Practice Questions

Q1. With respect to Cess, which of the following statements is/are correct?
  1. It can be levied on both indirect and direct taxes.
  2. If the cess collected in a particular year goes unspent, it cannot be allocated for other purposes.
  3. The central government does not need to share the cess with the state government either partially or in full.

Options:

  1. 1 and 2 only
  2. 3 only
  3. 1, 2 and 3
  4. None
CHECK ANSWERS:-

Answer: c

Explanation:

  • Statement 1 is correct, Cess can be levied on both indirect and direct taxes.
  • Statement 2 is correct, If the cess collected in a particular year goes unspent, it cannot be allocated for other purposes. 
    • The amount gets carried over to the next year and can only be used for the cause it was meant for. 
  • Statement 3 is correct, The central government does not need to share the cess with the state government either partially or in full.
Q2. India’s largest floating solar power project is in the State of 
  1. Andhra Pradesh
  2. Karnataka
  3. Maharashtra
  4. Telangana
CHECK ANSWERS:-

Answer: d

Explanation:

  • Ramagundam Floating Solar PV Project at Ramagundam in Telangana is India’s largest Floating Solar PV Project.
  • It is a 100 MW Floating Solar Power Project equipped with advanced technology and environment-friendly features.
Q3. Which amongst the following cabinet committees is headed by the Union Minister of 
Home Affairs?
  1. Cabinet Committee on Security
  2. Cabinet Committee on Political Affairs
  3. Cabinet Committee on Economic Affairs
  4. Cabinet Committee on Accommodation
CHECK ANSWERS:-

Answer: d

Explanation:

  • The Cabinet Committee on Accommodation is headed by the Union Home Minister.
  • All committees except Cabinet Committee on Accommodation and Cabinet Committee on Parliamentary Affairs are headed by the Prime Minister.
Q4. Consider the following statements with respect to Government Bonds:
  1. They are issued at a discounted price.
  2. They are issued with a maturity of one year or less.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both
  4. None
CHECK ANSWERS:-

Answer: d

Explanation:

Screenshot 2022 07 02 at 3.40.01 PM

Q5. “Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions 
of lending by which one of the following? PYQ (2022)
  1. Asian Development Bank
  2. International Monetary fund
  3. United Nations Environment Programme Finance Initiative
  4. Word bank
CHECK ANSWERS:-

Answer: b

Explanation:

  • The Rapid Financing Instrument (RFI) of the International Monetary Fund (IMF) provides rapid and low-access financial assistance to member countries facing an urgent balance of payments (BoP) need, without the need to have a full-fledged program in place.
  • The Rapid Credit Facility (RCF) of the IMF provides rapid concessional financial assistance to low-income countries (LICs) facing an urgent balance of payments (BoP) need with no ex-post conditionality where a full-fledged economic program is neither necessary nor feasible.

CNA 02 July 2022:- Download PDF Here

Leave a Comment

Your Mobile number and Email id will not be published.

*

*