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Question 1 of 5
1. Question
1 pointsWith reference to Infrastructure Investment Trusts (InvITs), consider the following statements:
1. An Infrastructure Investment Trust (InvITs) is a Collective Investment Scheme similar to a mutual fund.
2. The InvITs are regulated by the SEBI
3. InvITs are listed on exchanges just like stocks.Which of the statement given above is/are correct?
Correct
What is InvIT?
An Infrastructure Investment Trust (InvITs) is Collective Investment Scheme similar to a mutual fund.
It enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return.
It is designed as a tiered structure with Sponsor setting up the InvIT which in turn invests into the eligible infrastructure projects either directly or via special purpose vehicles (SPVs).
The InvITs are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The infrastructure company interested in getting funds from the public will form trust and then appoint an investment manager who will be responsible for how the assets and investments of the InvIT are managed.
There is also a project manager which actually executes the projects.
It is overseen by the investment manager.
The company will also appoint a trustee, who has to ensure that the functions of the InvIT, investment manager and project manager comply with Sebi rules.
InvITs are listed on exchanges just like stocks.Incorrect
What is InvIT?
An Infrastructure Investment Trust (InvITs) is Collective Investment Scheme similar to a mutual fund.
It enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return.
It is designed as a tiered structure with Sponsor setting up the InvIT which in turn invests into the eligible infrastructure projects either directly or via special purpose vehicles (SPVs).
The InvITs are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The infrastructure company interested in getting funds from the public will form trust and then appoint an investment manager who will be responsible for how the assets and investments of the InvIT are managed.
There is also a project manager which actually executes the projects.
It is overseen by the investment manager.
The company will also appoint a trustee, who has to ensure that the functions of the InvIT, investment manager and project manager comply with Sebi rules.
InvITs are listed on exchanges just like stocks. -
Question 2 of 5
2. Question
1 pointsWhat is ABHYAS, sometimes seen in the news?
Correct
Explanation:
ABHYAS Air Vehicle
ABHYAS is designed & developed by Aeronautical Development Establishment (ADE), DRDO.
The air vehicle is launched using twin underslung booster.
It is powered by a small gas turbine engine and has a MEMS-based Inertial Navigation System (INS) for navigation along with the Flight Control Computer (FCC) for guidance and control.
The vehicle is programmed for fully autonomous flight. The check out of air vehicle is done using laptop-based Ground Control Station (GCS).
During the test campaign, the user requirement of 5 km flying altitude, vehicle speed of 0.5 mach, the endurance of 30 minutes and 2g turn capability of the test vehicle were successfully achieved.
Its usesAbhyas’s radar cross-section (RCS), as well as its visual and infrared signatures, can be augmented to simulate a variety of aircraft for air-defence weapon practices.
It can also function as a jammer platform and decoy.
The HEAT system is utilized to do away with the post-launch recovery mode, which is time-consuming and difficult in a scenario as the sea.Incorrect
Explanation:
ABHYAS Air Vehicle
ABHYAS is designed & developed by Aeronautical Development Establishment (ADE), DRDO.
The air vehicle is launched using twin underslung booster.
It is powered by a small gas turbine engine and has a MEMS-based Inertial Navigation System (INS) for navigation along with the Flight Control Computer (FCC) for guidance and control.
The vehicle is programmed for fully autonomous flight. The check out of air vehicle is done using laptop-based Ground Control Station (GCS).
During the test campaign, the user requirement of 5 km flying altitude, vehicle speed of 0.5 mach, the endurance of 30 minutes and 2g turn capability of the test vehicle were successfully achieved.
Its usesAbhyas’s radar cross-section (RCS), as well as its visual and infrared signatures, can be augmented to simulate a variety of aircraft for air-defence weapon practices.
It can also function as a jammer platform and decoy.
The HEAT system is utilized to do away with the post-launch recovery mode, which is time-consuming and difficult in a scenario as the sea. -
Question 3 of 5
3. Question
1 pointsWith reference to Maulana Azad National Fellowship (MANF) Scheme, consider the following statements:
1. It is an educational empowerment scheme for students belonging all minority communities
2. The Scheme is implemented through the University Grants Commission (UGC)Which of the statement given above is/are correct?
Correct
Explanation:
MANF Scheme
The Ministry of Minority Affairs implements MANF Scheme for educational empowerment of students belonging to six notified minority communities i.e. Buddhist, Christian, Jain, Muslim, Sikh, Zoroastrian (Parsi).
The Scheme is implemented through the University Grants Commission (UGC) and no waiting list is prepared under the Scheme by UGC.
Candidates belonging to the Six centrally notified minority are considered for award of fellowship under the MANF Scheme.
The selection of candidates is done through JRF-NET (Junior Research Fellow- National Eligibility Test) examination conducted by the National Testing Agency.
Prior to 2019-20, the merit list was prepared on the basis of marks obtained by the candidates in their Post Graduate examination.
However, in 2018-19, only the candidates who had qualified CBSE-UGC-NET/JRF or CSIR-NET/JRF were eligible to apply.Incorrect
Explanation:
MANF Scheme
The Ministry of Minority Affairs implements MANF Scheme for educational empowerment of students belonging to six notified minority communities i.e. Buddhist, Christian, Jain, Muslim, Sikh, Zoroastrian (Parsi).
The Scheme is implemented through the University Grants Commission (UGC) and no waiting list is prepared under the Scheme by UGC.
Candidates belonging to the Six centrally notified minority are considered for award of fellowship under the MANF Scheme.
The selection of candidates is done through JRF-NET (Junior Research Fellow- National Eligibility Test) examination conducted by the National Testing Agency.
Prior to 2019-20, the merit list was prepared on the basis of marks obtained by the candidates in their Post Graduate examination.
However, in 2018-19, only the candidates who had qualified CBSE-UGC-NET/JRF or CSIR-NET/JRF were eligible to apply. -
Question 4 of 5
4. Question
1 pointsOne of the implications of equality in society is the absence of:
Correct
Explanation: Equality in society is the absence of privileges. Article 7 of the Universal declaration of Human Rights state that, “All are equal before the law and are entitled without any discrimination to equal protection of the law.”
Incorrect
Explanation: Equality in society is the absence of privileges. Article 7 of the Universal declaration of Human Rights state that, “All are equal before the law and are entitled without any discrimination to equal protection of the law.”
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Question 5 of 5
5. Question
1 pointsConsider the following statements:
With reference to the Constitution of India, the Directive Principles of State Policy constitute limitations upon
1. Legislative function.
2. Executive function.
Which of the above statements is/are correct?
Correct
Explanation: DPSP are positive obligations for the State. Limitations are set by the fundamental rights.
Incorrect
Explanation: DPSP are positive obligations for the State. Limitations are set by the fundamental rights.
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