0 UPSC EXAM ENGLISH QUIZ 25.01.2025 Daily Quiz 1 / 5 Q1. Consider the following statements: 1. Oxfam International released a report titled “Takers Not Makers” which revealed that Britain extracted huge wealth from India during colonial rule. 2. About 74.82 trillion US dollars were taken out of India to Britain between 1765 and 1900. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Oxfam International released a report titled “Takers Not Makers” which revealed that Britain extracted huge wealth from India during colonial rule. It states that the wealth of billionaires is increasing rapidly, while the poor are facing continuous difficulties. The role of historical colonialism is cited as the main reason behind this inequality. Key points of Takers Not Makers report Expulsion of wealth from India: About 64.82 trillion US dollars were taken out of India to Britain between 1765 and 1900. According to the average income distribution during this period, 17.4 trillion dollars went to the top 1% of Britain's richest. 33.8 trillion dollars were received by the top 10% of the richest. Beneficiaries of colonialism: 52% of the total wealth extracted went to the richest class. The emerging middle class received 32% of the income. Decline in industrial output: In 1750 the Indian subcontinent contributed 25% of global industrial output. By 1900 it had fallen to just 2%. Modern comparison: Reports show that wages in the Global South (developing countries) are 87-95% lower than those in the Global North (developed countries), even when work skills are the same. 2 / 5 Q2. Consider the following statements: 1. Pradhan Mantri Mudra Yojana (PMMY) achieved a historic milestone by disbursing loans worth ₹1.39 lakh crore in Q3 FY2024-25. 2. the highest quarterly disbursement since the launch of the scheme in 2015. 3. This significant growth reflects the Government’s continued commitment to empower micro and small enterprises in India. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: Pradhan Mantri Mudra Yojana (PMMY) achieved a historic milestone by disbursing loans worth ₹3.39 lakh crore in Q3 FY2024-25, the highest quarterly disbursement since the launch of the scheme in 2015. This significant growth reflects the Government’s continued commitment to empower micro and small enterprises in India. Current Status of Mudra Loans Highest ever disbursement: Mudra loan disbursement reached an all-time high of ₹3.39 lakh crore in Q3 FY2024-25 (till December 2024). Largest Contributor: State Bank of India (SBI) holds the largest share in disbursement of Pradhan Mantri Mudra Yojana (PMMY) loans. Reduction in NPA: The overall NPA of PMMY loans has reduced from 4.9% in 2019-20 to 3.4% in 2023-24, improving the quality of loans. 3 / 5 Q3. Consider the following statements: 1. Ministry of Commerce has recently launched the Diamond Impress Authorization (DIA) Scheme, aimed at enhancing the global competitiveness of India's diamond industry. 2. It has been introduced under the Foreign Trade Policy 2021. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: Ministry of Commerce has recently launched the Diamond Impress Authorization (DIA) Scheme, aimed at enhancing the global competitiveness of India's diamond industry. It has been introduced under the Foreign Trade Policy 2023. It aims to provide a streamlined mechanism for duty-free import of natural cut and polished diamonds. Key Features of Diamond Impress Authorization (DIA) Scheme Duty-free import: Under this scheme, duty-free import of natural cut and polished diamonds less than 1/4 carat (25 cents) is allowed. Export Obligation: 10% value addition on exports is mandatory. Eligibility: Diamond exporters who have Two Star Export House status and exports of US$ 15 million per annum are eligible. Exception: The scheme does not apply to Lab-Grown Diamonds (LGDs). Taxes exempted: Exemption from basic custom duty, additional custom duty, education cess, anti-dumping duty, countervailing duty and other taxes. 4 / 5 Q4. Consider the following statements: 1. UP government approved aerospace and defence policy. 2. It will create jobs for more than 2 Lakh people and will attract Rs 50,000 crore of investments. 3. The state government has also approved an FDI policy to accelerate the state's development. Which of the statements given above is/are correct? 1 and 2 are correct 1 and 3 are correct 2 and 3 are correct All of the above Explanation: Uttar Pradesh government approved a new Aerospace and Defence Unit policy. It will create jobs for more than 1 Lakh people and will attract Rs 50,000 crore of investments. The state government has also approved an FDI policy to accelerate the state's development. The Aerospace and Defence Unit and Employment Promotion Policy 2024 was introduced by the UP government to become a leader in the sector. It aims to make Uttar Pradesh a leading aerospace and defence hub, accelerating indigenous capabilities, fostering innovation, and promoting global collaboration. The state Cabinet also approved the new FDI Policy to boost the setting up of foreign industries in Uttar Pradesh. Under this policy, the state government will offer up to 80 per cent subsidy on land to foreign firms investing in the state. 5 / 5 Q5. Consider the following statements: 1. 6th International Millets Festival was held in Bengaluru, Karnataka. 2. As part of the festival, a conference called "Transformation of agrifood systems through agri-ecology: A Global Perspective" was organised. Which of the above statement/statements are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Explanation: 6th International Millets Festival was held in Bengaluru, Karnataka. As part of the festival, a conference called "Transformation of agrifood systems through agri-ecology: A Global Perspective" was organised. International organisations like GIZ Germany and FiBL Switzerland collaborated to host the event. The symposium featured experts from more than ten nations, including Germany, Switzerland, Spain, Australia, Kenya, Tanzania, Italy, Peru, and England. One of the leading producers of nutri cereals is Karnataka, which hosted the inaugural International Millets Festival in 2017. In the state, millets are cultivated on more than 18.37 lakh hectares (ha). Of the main millets, 8.27 lakh hectares are planted to ragi, 8.11 lakh hectares to jowar, and 1.68 lakh hectares to bajra. Minor millets namely fox millets, kodo millets and proso millets are cultivated in about 0.31 lakh ha in the state. Your score is LinkedIn Facebook Twitter VKontakte Post navigation Chhattisgarh government launched ‘Deendayal Upadhyay Bhoomiheen Krishi Majdoor Kalyana Yojana’ HIMACHAL PRADESH
