Daily UPSC Prelims Current Affairs – February 15, 2023 [Mock Test]
February 28, 2023 February 28, 2023
1. According to data from the Association of Mutual Funds in India, which of the following states are in the list of top ten states having the maximum mutual fund penetration in India?
- Kerala
- Telangana
- Goa
- Maharashtra
- Jharkhand
Choose the correct answer using the codes given below:
[A] Only 1, 2 & 3
[B] Only 2, 4 & 5
[C] Only 3, 4 & 5
[D] 1, 2, 3, 4 & 5
Show Answer
Correct Answer: C [Only 3, 4 & 5]
Notes:- According to data from the Association of Mutual Funds in India, Maharashtra, New Delhi and Goa have the maximum mutual fund penetration in India, due to high income levels, high literacy rates and substantial inflows rom corporations and high net-worth individuals (HNIs).
- While Jharkhand is one of the top 10 states with a depth of 13%, MF penetration is barely 5-6% in Telangana and Kerala. Jharkhand ranks 16th in terms of per capita AUM (Rs 10, 750) despite having a higher penetration.
- The highest per capita AUMs are in New Delhi, Goa and Maharashtra. These are the only three states where the per capita AUM exceeds Rs. 1 lakh.
- The states with the lowest per capita AUM are Manipur, Bihar and Tripura.
- Kerala, Andhra Pradesh, Telangana and Bihar have the lowest penetration rates among large states.
2. Which of the following pairs of handicrafts and respective states is/are matched correctly?
- Usta art – Kerala
- Kota Doria – Rajasthan
- Bagru hand block printing – Himachal Pradesh
- Thewa – Assam
Choose the correct answer using the codes given below:
[A] Only 2
[B] Only 1 & 3
[C] Only 2, 3 & 4
[D] 1, 2, 3 & 4
Show Answer
Correct Answer: A [Only 2]
Notes:- Usta artis the Naqqashi and Manoti art practiced by Usta artisans from the Bikaner district in the northwest of the state of Rajasthan.
- Kota Doria or Kota Doriya is the name of a light woven fabric made of tiny woven squares (khat) which is still handwoven on traditional pit looms in Kaithoon near Kota in Rajasthan and in some of the surrounding villages. Kota Doriya Sarees are made of pure cotton and silk and have square like patterns known as khats on them. It has got GI tag in 2005.
- Bagru Hand Block Printing is a traditional printing technique that is done using natural colours. It is a craft practiced by the ‘Chippas’ community in a remote town of Rajasthan. This region is popular for two kinds of prints: Dabu prints and seyali-bagru prints. It is a GI tagged handicraft.
- Thewais a special art of jewellery making which involves fusing of intricately worked-out sheet gold on molten glass. It evolved in Pratapgarh district, Rajasthan.
3. Consider the following statements:
- i-ATS system is India’s first indigenously developed Train Control and Supervision System.
- India is the fourth country with its own ATS products after France, Japan, and China.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: A [Only 1]
Notes:- i-ATS (Automatic Train Control and Supervision System) system is India’s first indigenously developed Train Control and Supervision System.
- It is a computer-based system that will manage train operations including basic functioning such as running and halting.
- The development of i-ATS is a huge step forward in CBTC (Communication Based Train Control) based signaling system for the metro railways since the ATS is an essential component of the CBTC signaling system.
- With the launch of i-ATS, India became the sixth country with its own ATS products after France, Germany, Japan, Canada, and China.
