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Daily Quiz > 2018-09-10 > Multiple Choice Questions

1)    I) As soon as they incumbent government resigns, the governor will appointment the care taker government.
ii) The elections need to be conducted within six months from the date of dissolution of the government.
Select correct statements:
a)    Only I         b) Only ii        c) both     d) None.

2)    I) Atal Bhujal Yojana (ABHY) is to be implemented with World Bank assistance.
ii) It is a Central Sector Scheme initiated by the Ministry of Water Resources.
Select correct statements:
a)    Only I       b) Only ii         c) both       d) None.

3)    The public credit registry (PCR) , a single point real time source of financial liabilities of an individual or an organization is to be set up by RBI on the recommendations of this committee:
a)    Rangarajan committee   
b)    b) Urjit patel committee
c)    c) Raghuramrajan committee   
d)    d) Deosthalee committee.

4)    The Global Peace Index is published by:
a)    World Bank
b)    Institute for economic peace.
c)    International Amnesty organization
d)    International peace bureau.

5)    These are the functions of the small finance banks
i)    Acceptance of deposits.
ii)    Lending to unserved and underserved sections
iii)    Loan to small business units
iv)    Loan to small and marginal farmers
v)    Financial inclusion of unorganized sector entities.
a)    Only ii,iii,iv      b) All         c) ii & iii       d) Only I & v

6)    I) GSLV Mk III is a four-stage heavy lift launch vehicle developed by ISRO indigenously.
ii) Only PSLV is used to launch satellites in Low earth Orbits.
Select correct statements:
a)    Only I          b) Only ii            c) both          d) None.

7)    I) India and Mauritius have Double Taxation Avoidance Treaty(DTAT)
ii) Mauritius is the second largest FDI investor in india after Singapore.
Select correct statements:
a)    Only I           b) Only ii          c) both        d) None.

8)    Global Initiative of Academic Networks (GIAN) program aims to:
a)    Enhance the existing academic resources in higher education institutions
b)    Invite foreign scientists’ to india to collaborate with domestic institutions.
c)     Come back of Indian Phd scholars to carry out research in india.
d)    Organizing tinkering laboratories in all kendriya vidhyalayas.

9)    I) Under Article 35A, a Permanent Resident as a person who had been a resident of the state for 10 years and has “lawfully acquired immovable property in the state.”
ii) An outsider of Jammu and Kashmir cannot get a job in the Jammu and Kashmir government.
Select correct statements:
a)    Only I          b) Only ii           c) both        d) None.

10)    Fortified rice is:
a)    Increased Carbohydrate content.
b)    Increased protein content.
c)    Increased micronutrients.
d)    Increased fats and lipids

Answer key:
1)    C)
2)    C) Atal Bhujal Yojana(ABHY) is a Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme aims to improve ground water management in priority areas in the country through community participation. The priority areas identified under the scheme fall in the states of Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance.

3)    D) The PCR will be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.
•    The PCR will serve as a registry of all credit contracts, duly verified by reporting institutions, for all lending in India and any lending by an Indian institution to a company incorporated in India.
•    To provide a single-point and real-time source for financial liabilities of a person or entity, the Reserve Bank of India has decided to set up a public credit registry (PCR) in a phased manner.
•    The decision is based on the report of RBI appointed task force led by YM Deosthalee.
•    Also, a comprehensive credit information repository covering all types of credit facilities (funded and non-funded) extended by all credit institutions – commercial banks, cooperative banks, NBFCs, MFIs – and also covering borrowings from other sources, including external commercial borrowings and borrowing from market, is essential to ascertain the total indebtedness of a legal or natural person.

4)    B) The world’s leading think tank and Australia-based Institute for Economics and Peace (IEP), that develops metrics to analyze peace and quantify its economic value, has released the 12th edition of the Global Peace Index (GPI), or measure of global peacefulness.
•    Iceland remains the most peaceful country in the world, a position it has held since 2008. New Zealand, Austria, Portugal and Denmark are the top five most peaceful rankings.
•    Syria remains the least peaceful country in the world, a position it has held for the past five years. Afghanistan, South Sudan, Iraq and Somalia comprise the remaining least peaceful countries.
•    India has moved up four places to the 137th rank among 163 countries. The improvement is due to a reduction in the level of violent crime driven by increased law enforcement.
•    Overall, the global level of peace has deteriorated by 0.27% compared to last year.

5)    B) The small finance bank will primarily undertake basic banking activities of
•    Acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.
•    Distribute mutual funds, insurance products and other simple third-party financial products.
•    Lend 75% of their total adjusted net bank credit to priority sector.
The Reserve Bank of India has decided to allow urban co-operative banks (UCB) to convert into small finance banks (SFB), a move aimed at bringing these entities into mainstream banking. UCBs currently face regulation by both the RBI and the respective State governments. By turning into SFBs, they will be regulated only by the RBI.
The activities that they cannot undertake:
•    Lending to big corporates ;Cannot open branches with prior RBI approval for first five years; must not mingle with the bank; cannot set up subsidiaries to undertake non-banking financial services activities; Cannot be a business correspondent of any bank.

6)    A) PSLV has emerged as a versatile launch vehicle to carry out Sun-Synchronous Polar Orbit (SSPO), Geo-synchronous Transfer Orbit (GTO) and low inclination Low Earth Orbit (LEO) missions. The recent successful launch of PSLV is C41.
•    GSLV Mk III is a three-stage heavy lift launch vehicle developed by ISRO with two solid strap-ons, a core liquid booster and a cryogenic upper stage.GSLV Mk III is designed to carry around 4 ton class of satellites into Geosynchronous Transfer Orbit (GTO) or about 10 tons to Low Earth Orbit (LEO) This is India’s first fully functional rocket to be tested with a cryogenic engine that uses liquid propellants — liquid oxygen and liquid hydrogen.

7)    A) India-Mauritius Double Taxation Avoidance Treaty and the tax regime to avoid paying taxes double time. Mauritius is the largest source of FDI into India.

8)    A) Global Initiative of Academic Networks (GIAN) in Higher Education was launched in 2015. It is a program of Ministry of Human Resource and Development.GIAN aims at tapping the talent pool of scientists and entrepreneurs to engage with the institutes of higher education in India to augment the country’s existing academic resources, accelerate the pace of quality reforms, and further strengthen India’s scientific and technological capabilities. NITI Aayog has launched a new course on ‘Urban Analytics – Evaluating and Measuring Sustainability of Cities’ at Indian Institute of Technology (IIT), Roorkee under Global Initiative on Academic Network (GIAN).

9)    C) Jammu and Kashmir Assembly defined Permanent Resident as a person who was a state subject on May 14, 1954 or who had been a resident of the state for 10 years and has “lawfully acquired immovable property in the state.”
    A person who is not a permanent resident of Jammu and Kashmir is not allowed to buy or own properties in the state or vote     in state Assembly election or contest election to the state Assembly. An outsider cannot get a job in the Jammu and Kashmir     government.

10)    C) Fortification is the practice of deliberately increasing the content of an essential micronutrient, i.e. vitamins and minerals (including trace elements) in a food, so as to improve the nutritional quality of the food supply and provide a public health benefit with minimal risk to health. Rice fortification is the practice of increasing the content of essential micronutrients in rice and to improve the nutritional quality of the rice.