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Question 1 of 5
1. Question
1 pointsRecently, the Union Ministry for Agriculture has launched Sahakar Mitra with the objective of:
Correct
Explanation:
Sahakar Mitra Scheme
The scheme is an initiative by the National Cooperative Development Corporation (NCDC), the cooperative sector development finance organization.
It aims to help cooperative institutions access innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant.
The scheme is expected to assist cooperative institutions to access new and innovative ideas of young professionals while the interns gain experience of working in the field giving the confidence to be self-reliant.
Professional graduates in disciplines such as Agriculture and allied areas, IT etc. will be eligible for an internship.
Professionals who are pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible.
Each intern will get financial support over a 4 months internship period.Incorrect
Explanation:
Sahakar Mitra Scheme
The scheme is an initiative by the National Cooperative Development Corporation (NCDC), the cooperative sector development finance organization.
It aims to help cooperative institutions access innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant.
The scheme is expected to assist cooperative institutions to access new and innovative ideas of young professionals while the interns gain experience of working in the field giving the confidence to be self-reliant.
Professional graduates in disciplines such as Agriculture and allied areas, IT etc. will be eligible for an internship.
Professionals who are pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible.
Each intern will get financial support over a 4 months internship period. -
Question 2 of 5
2. Question
1 pointsWith reference to Food Safety and Standards Authority of India (FSSAI), consider the following statements:
1. The FSSAI is an autonomous body established under the Ministry of Agriculture
2. It also provides for Food Safety and Standards on Organic Food.Which of the statement given above is/are correct?
Correct
Explanation:
Food Safety and Standards Authority of India (FSSAI)
The FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India.
It has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India.
It is responsible for protecting and promoting public health through the regulation and supervision of food safety.
It is headed by a non-executive Chairperson, appointed by the Central Government, either holding or has held the position of not below the rank of Secretary to the Government of India.FSSAI Legislative Framework:
Highlights of the Food Safety and Standard Act, 2006
The Act aims to establish a single reference point for all matters relating to food safety and standards, by moving from multi- level, multi-departmental control to a single line of command.
The Act established FSSAI and the State Food Safety Authorities for each State.
Highlights of Food Safety and Standards Rule, 2011. The Rules provides for:
The Food Safety Appellate Tribunal and the Registrar of the Appellate Tribunal, for adjudication of food safety cases.
Highlights of Food Safety and Standards Regulations 2011
It covers Licensing and Registration, Packaging and Labelling of Food Businesses, Food Product Standards and Food Additives Regulation.
It prohibits and restricts on sales or approval for Non-Specified Food and Food Ingredients, such ingredients may cause harm to human health.
It provides for Food Safety and Standards on Organic Food and regulates Food Advertising.Incorrect
Explanation:
Food Safety and Standards Authority of India (FSSAI)
The FSSAI is an autonomous body established under the Ministry of Health & Family Welfare, Government of India.
It has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India.
It is responsible for protecting and promoting public health through the regulation and supervision of food safety.
It is headed by a non-executive Chairperson, appointed by the Central Government, either holding or has held the position of not below the rank of Secretary to the Government of India.FSSAI Legislative Framework:
Highlights of the Food Safety and Standard Act, 2006
The Act aims to establish a single reference point for all matters relating to food safety and standards, by moving from multi- level, multi-departmental control to a single line of command.
The Act established FSSAI and the State Food Safety Authorities for each State.
Highlights of Food Safety and Standards Rule, 2011. The Rules provides for:
The Food Safety Appellate Tribunal and the Registrar of the Appellate Tribunal, for adjudication of food safety cases.
Highlights of Food Safety and Standards Regulations 2011
It covers Licensing and Registration, Packaging and Labelling of Food Businesses, Food Product Standards and Food Additives Regulation.
It prohibits and restricts on sales or approval for Non-Specified Food and Food Ingredients, such ingredients may cause harm to human health.
It provides for Food Safety and Standards on Organic Food and regulates Food Advertising. -
Question 3 of 5
3. Question
1 pointsThe ranking framework evaluates institutions on which among the following parameters under National Institutional Ranking Framework?
1. Teaching, Learning and Resources.
2. Research and Professional Practice.
3. Graduation Outcomes.Select the correct answer using the code below:
Correct
Explanation:
About NIRF
The NIRF is a methodology adopted by the Ministry of HRD to rank institutions of higher education in India.
The Framework was approved and on 29 September 2015.
There are separate rankings for different types of institutions depending on their areas of operation like universities and colleges, engineering institutions, management institutions, pharmacy institutions and architecture institutions.
The ranking framework evaluates institutions on five broad generic groups of parameters, i.e. Teaching, Learning and Resources (TLR), Research and Professional Practice (RP), Graduation Outcomes (GO), Outreach and Inclusivity (OI) and Perception (PR).Incorrect
Explanation:
About NIRF
The NIRF is a methodology adopted by the Ministry of HRD to rank institutions of higher education in India.
The Framework was approved and on 29 September 2015.
There are separate rankings for different types of institutions depending on their areas of operation like universities and colleges, engineering institutions, management institutions, pharmacy institutions and architecture institutions.
The ranking framework evaluates institutions on five broad generic groups of parameters, i.e. Teaching, Learning and Resources (TLR), Research and Professional Practice (RP), Graduation Outcomes (GO), Outreach and Inclusivity (OI) and Perception (PR). -
Question 4 of 5
4. Question
1 pointsNature Index was recently seen in the news in the context of:
Correct
Explanation:
What is the Nature Index?
The Nature Index is a database of author affiliation information collated from research articles published in an independently selected group of 82 high-quality science journals.
It serves as an indicator of high-quality research in the Natural and Physical Sciences.
The database is compiled by Nature Research, a division of the international scientific publishing company Springer Nature that publishes academic journals.
The index provides a close to the real-time proxy of high-quality research output and collaboration at the institutional, national and regional level.
India’s achievements
Globally the top-rated Indian institutions in this list are CSIR, a group of 39 institutions at the 160th position and IISc Bangalore at the 184th
Three of the autonomous institutions of the DST have found their place among the top 30 Indian Institutions.
Keeping out CSIR, which is a cluster of institutions, IACS Kolkata is among the top three institutions in quality Chemistry Research in India.
NCASR Banglore ranks 4th among academic institutions in life sciences, 10th in Chemistry and Physical Sciences, 10th among Indian academic institutions, and 469th in the global ranking.Incorrect
Explanation:
What is the Nature Index?
The Nature Index is a database of author affiliation information collated from research articles published in an independently selected group of 82 high-quality science journals.
It serves as an indicator of high-quality research in the Natural and Physical Sciences.
The database is compiled by Nature Research, a division of the international scientific publishing company Springer Nature that publishes academic journals.
The index provides a close to the real-time proxy of high-quality research output and collaboration at the institutional, national and regional level.
India’s achievements
Globally the top-rated Indian institutions in this list are CSIR, a group of 39 institutions at the 160th position and IISc Bangalore at the 184th
Three of the autonomous institutions of the DST have found their place among the top 30 Indian Institutions.
Keeping out CSIR, which is a cluster of institutions, IACS Kolkata is among the top three institutions in quality Chemistry Research in India.
NCASR Banglore ranks 4th among academic institutions in life sciences, 10th in Chemistry and Physical Sciences, 10th among Indian academic institutions, and 469th in the global ranking. -
Question 5 of 5
5. Question
1 pointsConsider the following statements:
1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.
2. CAR is decided by each individual bank.
Which of the statements given above is/are correct?Correct
Explanation: Capital Adequacy Ratio (CAR) is also known as Capital to Risk (weighted) Assets Ratio (CRAR). It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. It is a measure of bank’s capital. It is expressed as a percentage of a bank’s risk weighted credit exposures. CAR is not decided by each individual bank but by RBI on the basis of Basel Committee recommendations.
The Basel III accord is the latest international framework on how banks should calculate their capital. It is set to be implemented on 31 March, 2018.
They created Basel III to “improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source.” In other words, the Committee wanted to make sure that banks could survive major financial crises.The framework divides the capital of banks into two tiers:
– Tier I comprises ordinary share capital, audited revenue reserves, future tax benefits, and intangible assets.
– Tier II comprises unaudited retained earnings, general provisions for bad debts, revaluation reserves, perpetual subordinated debt. It also includes perpetual cumulative preference shares and subordinated debt.
Incorrect
Explanation: Capital Adequacy Ratio (CAR) is also known as Capital to Risk (weighted) Assets Ratio (CRAR). It is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. It is a measure of bank’s capital. It is expressed as a percentage of a bank’s risk weighted credit exposures. CAR is not decided by each individual bank but by RBI on the basis of Basel Committee recommendations.
The Basel III accord is the latest international framework on how banks should calculate their capital. It is set to be implemented on 31 March, 2018.
They created Basel III to “improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source.” In other words, the Committee wanted to make sure that banks could survive major financial crises.The framework divides the capital of banks into two tiers:
– Tier I comprises ordinary share capital, audited revenue reserves, future tax benefits, and intangible assets.
– Tier II comprises unaudited retained earnings, general provisions for bad debts, revaluation reserves, perpetual subordinated debt. It also includes perpetual cumulative preference shares and subordinated debt.