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Question 1 of 20
1. Question
1 points“Q.1) Consider the following statements with respect to the Mahila Kisan Sashaktikaran Pariyojana (MKSP):
1. This scheme is a sub component of the Deendayal Antodaya Yojana- National Rural Livelihood Mission.
2. It strives to build the capacity of women in the domain of agro-ecologically sustainable practices.
3. It is implemented by the Ministry of Rural Development.
Which of the given statements is/are correct?
“Correct
“Only statements 1 and 2 are correct.
The government has said that under the schemes implemented DA&FW at least 30 percent of the expenditure allocated for agricultural schemes is being incurred for women to bring them into mainstream agriculture.
Mahila Kisan Sashaktikaran Pariyojana (MKSP)
• Launched in 2011, the “Mahila Kisan Sashaktikaran Pariyojana” (MKSP) is a sub component of the Deendayal Antodaya Yojana-NRLM (DAY-NRLM). Hence statement 1 is CORRECT.
• It seeks to improve the present status of women in Agriculture, and to enhance the opportunities available to empower her.
• It recognizes the identity of “Mahila” as “Kisan” and strives to build the capacity of women in the domain of agro-ecologically sustainable practices. Hence statement 2 is CORRECT.
• The focus of MKSP is on Capacitating smallholders to adopt sustainable climate resilient agro-ecology and eventually create a pool of skilled community professionals.
• The Department of Agriculture and Farmers Welfare (DA&FW), Ministry of Agriculture & Farmers Welfare is the nodal agency. Hence statement 3 is NOT CORRECT.
“Incorrect
“Only statements 1 and 2 are correct.
The government has said that under the schemes implemented DA&FW at least 30 percent of the expenditure allocated for agricultural schemes is being incurred for women to bring them into mainstream agriculture.
Mahila Kisan Sashaktikaran Pariyojana (MKSP)
• Launched in 2011, the “Mahila Kisan Sashaktikaran Pariyojana” (MKSP) is a sub component of the Deendayal Antodaya Yojana-NRLM (DAY-NRLM). Hence statement 1 is CORRECT.
• It seeks to improve the present status of women in Agriculture, and to enhance the opportunities available to empower her.
• It recognizes the identity of “Mahila” as “Kisan” and strives to build the capacity of women in the domain of agro-ecologically sustainable practices. Hence statement 2 is CORRECT.
• The focus of MKSP is on Capacitating smallholders to adopt sustainable climate resilient agro-ecology and eventually create a pool of skilled community professionals.
• The Department of Agriculture and Farmers Welfare (DA&FW), Ministry of Agriculture & Farmers Welfare is the nodal agency. Hence statement 3 is NOT CORRECT.
“ -
Question 2 of 20
2. Question
1 pointsQ.2) Which of the following statements regarding the digital payment system e-RUPI is/are NOT correct?
1. It will be e-voucher based digital payment system.
2. It has been developed by the National Payments Corporation of India (NPCI).
Select the correct options:Correct
Both statement 1 and 2 are CORRECT.
E-RUPI
• E-RUPI is a cashless and contactless instrument for digital payment.
• It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
• The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app, or internet banking access, at the service provider.
• It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare, and National Health Authority.Incorrect
Both statement 1 and 2 are CORRECT.
E-RUPI
• E-RUPI is a cashless and contactless instrument for digital payment.
• It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
• The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app, or internet banking access, at the service provider.
• It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare, and National Health Authority. -
Question 3 of 20
3. Question
1 pointsQ.3) Which of the given statements regarding the Limited Liability Partnerships (LLPs) is CORRECT? Correct
Only Option C is CORRECT.
Limited Liability Partnerships (LLPs)
• It is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. Hence option (a) is NOT CORRECT.
• It allows for a partnership structure where each partner’s liabilities are limited to the amount they put into the business.
• An LLP is a corporate body and legal entity separate from its partners. It has perpetual succession.
• In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence.
• Limited liability means that if the partnership fails, then creditors cannot go after a partner’s personal assets or income. Hence option (b) is NOT CORRECT.
• LLPs are common in professional business-like law firms, accounting firms and wealth managers.
• Being the separate legislation (i.e. LLP Act, 2008), the provisions of Indian Partnership Act, 1932 are not applicable to an LLP and it is regulated by the contractual agreement between the partners.Incorrect
Only Option C is CORRECT.
Limited Liability Partnerships (LLPs)
• It is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. Hence option (a) is NOT CORRECT.
• It allows for a partnership structure where each partner’s liabilities are limited to the amount they put into the business.
• An LLP is a corporate body and legal entity separate from its partners. It has perpetual succession.
• In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence.
• Limited liability means that if the partnership fails, then creditors cannot go after a partner’s personal assets or income. Hence option (b) is NOT CORRECT.
• LLPs are common in professional business-like law firms, accounting firms and wealth managers.
• Being the separate legislation (i.e. LLP Act, 2008), the provisions of Indian Partnership Act, 1932 are not applicable to an LLP and it is regulated by the contractual agreement between the partners. -
Question 4 of 20
4. Question
1 pointsQ.4) The ‘Pahchan’ Initiative sometimes seen in news is related to: Correct
Pahchan Initiative
Recently, the Ministry of Textiles has informed that a total of 26.79 lakh artisans have been registered so far under Pahchan initiative.
• It was launched in 2016 by the then Union Minister of Textiles.
• It is an initiative of Ministry of Textiles to register and provide Identity (ID) cards to handicraft artisans and link them to a national database.
• Pahchan cards scheme is a new upgraded ID card for artisans that will be linked with their Aadhaar numbers and bank accounts so that they can receive direct cash transfer benefit.
• It has the information of handicrafts artisans viz. name & address, Aadhaar Card number, mobile number and craft practiced.Incorrect
Pahchan Initiative
Recently, the Ministry of Textiles has informed that a total of 26.79 lakh artisans have been registered so far under Pahchan initiative.
• It was launched in 2016 by the then Union Minister of Textiles.
• It is an initiative of Ministry of Textiles to register and provide Identity (ID) cards to handicraft artisans and link them to a national database.
• Pahchan cards scheme is a new upgraded ID card for artisans that will be linked with their Aadhaar numbers and bank accounts so that they can receive direct cash transfer benefit.
• It has the information of handicrafts artisans viz. name & address, Aadhaar Card number, mobile number and craft practiced. -
Question 5 of 20
5. Question
1 pointsQ.5) Consider the following statements with respect to the PM-DAKSH Yojana:
1. It is a National Action Plan for the marginalized persons of SC, OBC, Economically BC (EBC), Senior Citizens, De- notified Tribes (DNTs), Safai karamcharies including waste pickers, and women.
2. It aims to empower the socially, educationally and economically marginalized sections of the society, by providing skill development training programmes to the eligible target groups.
Which of the given statements is/are correct?Correct
Both statements are correct.
PM-DAKSH Yojana
• The Pradhan Mantri Dakshta Aur Kushalta Sampann Hitgrahi (PM-DAKSH) Yojana is being implemented by the MoSJ&E from 2020-21.
• It is a National Action Plan for the marginalized persons of SC, OBC, Economically BC (EBC), Senior Citizens, De- notified Tribes (DNTs), Safai karamcharies including waste pickers, and women.
Hence statement 1 is CORRECT.
• Through this scheme, MoSJ&E empowers the socially, educationally and economically marginalized sections of the society, by providing skill development training programmes to the eligible target groups on,
1. Up-skilling/Re-skilling,
2. Short Term and Long Term Training Programmes, and
3. Entrepreneurship Development Program (EDP).Hence statement 2 is CORRECT.
Incorrect
Both statements are correct.
PM-DAKSH Yojana
• The Pradhan Mantri Dakshta Aur Kushalta Sampann Hitgrahi (PM-DAKSH) Yojana is being implemented by the MoSJ&E from 2020-21.
• It is a National Action Plan for the marginalized persons of SC, OBC, Economically BC (EBC), Senior Citizens, De- notified Tribes (DNTs), Safai karamcharies including waste pickers, and women.
Hence statement 1 is CORRECT.
• Through this scheme, MoSJ&E empowers the socially, educationally and economically marginalized sections of the society, by providing skill development training programmes to the eligible target groups on,
1. Up-skilling/Re-skilling,
2. Short Term and Long Term Training Programmes, and
3. Entrepreneurship Development Program (EDP).Hence statement 2 is CORRECT.
-
Question 6 of 20
6. Question
1 pointsQ.6) Consider the following statements regarding ‘National Mission on Edible Oil-Oil Palm’ (NMEO-OP):
1. The special emphasis of the scheme for increasing Palm Oil production will be in Southern Indian states due to the conducive weather conditions in the regions.
2. Palm oil is the world’s most consumed vegetable oil.
3. The Yellow Revolution was launched to increase the production of Edible oilseeds in the country.
4. India is the second largest consumer of vegetable oil in the world after China.
Which of the given statement(s) is/are correct?Correct
‘National Mission on Edible Oil-Oil Palm’ (NMEO-OP)
• Statements 2 and 3 are correct and statements 1 and 4 are wrong.
• The scheme, called National Edible Oil Mission-Oil Palm (NMEO-OP), for self-reliance in edible oil involves investment of over Rs. 11,000 crore (over a five year period).
• Aims:
o To harness domestic edible oil prices that are dictated by expensive palm oil imports.
o To raise the domestic production of palm oil by three times to 11 lakh MT by 2025-26.
• This will involve raising the area under oil palm cultivation to 10 lakh hectares by 2025-26 and 16.7 lakh hectares by 2029-30.
• The special emphasis of the scheme will be in India’s north-eastern states and the Andaman and Nicobar Islands due to the conducive weather conditions in the regions. Hence statement 1 is wrong.
• Under the scheme, oil palm farmers will be provided financial assistance and will get remuneration under a price and viability formula.
• Reduction in Import dependence: It is expected to incentivize production of palm oil to reduce dependence on imports and help farmers cash in on the huge market.
• India is the largest consumer of vegetable oil in the world. Of this, palm oil imports are almost 55% of its total vegetable oil imports. Hence statement 4 is wrong.
• India produces less than half of the roughly 2.4 crore tonnes of edible oil that it consumes annually. It imports the rest, buying palm oil from Indonesia and Malaysia, soyoil from Brazil and Argentina, and sunflower oil, mainly from Russia and Ukraine.
• In India, 94.1% of its palm oil is used in food products, especially for cooking purposes. This makes palm oil extremely critical to India’s edible oils economy.
• Palm oil is currently the world’s most consumed vegetable oil. It is used extensively in the production of detergents, plastics, cosmetics, and biofuels.
• Top consumers of the commodity are India, China, and the European Union (EU).
• The Yellow Revolution is one of the colour revolutions that was launched to increase the production of Edible oilseeds in the country to meet domestic demand.Incorrect
‘National Mission on Edible Oil-Oil Palm’ (NMEO-OP)
• Statements 2 and 3 are correct and statements 1 and 4 are wrong.
• The scheme, called National Edible Oil Mission-Oil Palm (NMEO-OP), for self-reliance in edible oil involves investment of over Rs. 11,000 crore (over a five year period).
• Aims:
o To harness domestic edible oil prices that are dictated by expensive palm oil imports.
o To raise the domestic production of palm oil by three times to 11 lakh MT by 2025-26.
• This will involve raising the area under oil palm cultivation to 10 lakh hectares by 2025-26 and 16.7 lakh hectares by 2029-30.
• The special emphasis of the scheme will be in India’s north-eastern states and the Andaman and Nicobar Islands due to the conducive weather conditions in the regions. Hence statement 1 is wrong.
• Under the scheme, oil palm farmers will be provided financial assistance and will get remuneration under a price and viability formula.
• Reduction in Import dependence: It is expected to incentivize production of palm oil to reduce dependence on imports and help farmers cash in on the huge market.
• India is the largest consumer of vegetable oil in the world. Of this, palm oil imports are almost 55% of its total vegetable oil imports. Hence statement 4 is wrong.
• India produces less than half of the roughly 2.4 crore tonnes of edible oil that it consumes annually. It imports the rest, buying palm oil from Indonesia and Malaysia, soyoil from Brazil and Argentina, and sunflower oil, mainly from Russia and Ukraine.
• In India, 94.1% of its palm oil is used in food products, especially for cooking purposes. This makes palm oil extremely critical to India’s edible oils economy.
• Palm oil is currently the world’s most consumed vegetable oil. It is used extensively in the production of detergents, plastics, cosmetics, and biofuels.
• Top consumers of the commodity are India, China, and the European Union (EU).
• The Yellow Revolution is one of the colour revolutions that was launched to increase the production of Edible oilseeds in the country to meet domestic demand. -
Question 7 of 20
7. Question
1 pointsQ.7) The “Seekho aur Kamao Scheme” sometimes seen in news is an initiative of the: Correct
Answer: (b)
Seekho aur Kamao Scheme
Union Minister for Minority Affairs has informed Rajya Sabha about progress of the Seekho aur Kamao Scheme.
• Seekho aur Kamao (Learn & Earn)is a scheme implemented by Ministry of Minority Affairs since 2013-14 and is aimed at skill development of minorities.
• It is a Skill development scheme for the youth of the 14 – 35 years age group.
• It aims at providing employment and employment opportunities, improving the employability of existing workers, school dropouts etc.Incorrect
Answer: (b)
Seekho aur Kamao Scheme
Union Minister for Minority Affairs has informed Rajya Sabha about progress of the Seekho aur Kamao Scheme.
• Seekho aur Kamao (Learn & Earn)is a scheme implemented by Ministry of Minority Affairs since 2013-14 and is aimed at skill development of minorities.
• It is a Skill development scheme for the youth of the 14 – 35 years age group.
• It aims at providing employment and employment opportunities, improving the employability of existing workers, school dropouts etc. -
Question 8 of 20
8. Question
1 pointsQ.8) Which of the given statements about the Open Network for Digital Commerce (ONDC) is/are NOT correct?
1. ONDC seeks to promote open networks, which are developed using the Open-Source Methodology.
2. It aims to facilitate a platform that can be utilized by all oQ.8) Which of the given statements about the Open Network for Digital Commerce (ONDC) is/are NOT correct?
1. ONDC seeks to promote open networks, which are developed using the Open-Source Methodology.
2. It aims to facilitate a platform that can be utilized by all online retailers.
3. It is modelled around the Unified Payments Interface (UPI) project.
Select the correct options from the codes given below:nline retailers.
3. It is modelled around the Unified Payments Interface (UPI) project.
Select the correct options from the codes given below:Correct
Answer: (d)
All statements 1, 2 and 3 are correct.Open Network for Digital Commerce (ONDC)
• The Union government is working on setting up an Open Network for Digital Commerce (ONDC) to “democratise e-commerce” and “to provide alternatives to proprietary e-commerce sites”.
• The government wants to change the fundamental structure of the e-commerce market from the current “platform-centric model to an open-network model”.
• The ONDC project is modelled around the Unified Payments Interface (UPI) project that is seen as a success by many.
• The UPI project allows people to send or receive money irrespective of the payments platforms on which they are registered. Similarly, the government wants to ensure that buyers and sellers of goods in the e-commerce market can transact regardless of the platforms on which they are registered.
• So under ONDC, a buyer registered on Amazon, for example, may directly purchase goods from a seller who sells on Flipkart.Incorrect
Answer: (d)
All statements 1, 2 and 3 are correct.Open Network for Digital Commerce (ONDC)
• The Union government is working on setting up an Open Network for Digital Commerce (ONDC) to “democratise e-commerce” and “to provide alternatives to proprietary e-commerce sites”.
• The government wants to change the fundamental structure of the e-commerce market from the current “platform-centric model to an open-network model”.
• The ONDC project is modelled around the Unified Payments Interface (UPI) project that is seen as a success by many.
• The UPI project allows people to send or receive money irrespective of the payments platforms on which they are registered. Similarly, the government wants to ensure that buyers and sellers of goods in the e-commerce market can transact regardless of the platforms on which they are registered.
• So under ONDC, a buyer registered on Amazon, for example, may directly purchase goods from a seller who sells on Flipkart. -
Question 9 of 20
9. Question
1 pointsQ.9) Consider the following statements regarding the National Gene Bank:
1. It was established on the onset of Green Revolution in India.
2. It aims for in-situ germplasm conservation.
3. It stores different crop groups such as cereals, millets, medicinal and aromatic plants as well as narcotics.
4. It is worlds largest gene bank located in Bengaluru.
Which of the given statements is/are correct?Correct
Answer: (a)
Only statement 3 is CORRECT.
The Union Agriculture Minister has inaugurated the world’s second-largest refurbished gene bank at the National Bureau of Plant Genetic Resources.
National Gene Bank
• The National Gene Bank was established in the year 1996 to preserve the seeds of Plant Genetic Resources (PGR) for future generations. Hence statement 1 is NOT CORRECT.
• It has the capacity to preserve about one million germplasm in the form of seeds.
• Presently it is protecting 4.52 lakh accessions, of which 2.7 lakh are Indian germplasm and the rest have been imported from other countries.
• National Bureau of Plant Genetic Resources is meeting the need of in-situ and ex-situ germplasm conservation through Delhi Headquarters and 10 regional stations in the country. Hence statement 2 is NOT CORRECT.
Key facilities provided
• The NGB has four kinds of facilities to cater to long-term as well as medium-term conservation namely:
1. Seed Gene bank (- 18°C),
2. Cryo gene bank (-170°C to -196°C),
3. In-vitro Gene bank (25°C), and
4. Field Gene bank
• It stores different crop groups such as cereals, millets, medicinal and aromatic plants, and narcotics, etc.
Hence statement 2 is CORRECT.
What is the latest update?
• This is the world’s second-largest gene bank located in the national capital. It has the capacity to preserve about one million germplasm in the form of seeds. Hence statement 4 is NOT CORRECT.Incorrect
Answer: (a)
Only statement 3 is CORRECT.
The Union Agriculture Minister has inaugurated the world’s second-largest refurbished gene bank at the National Bureau of Plant Genetic Resources.
National Gene Bank
• The National Gene Bank was established in the year 1996 to preserve the seeds of Plant Genetic Resources (PGR) for future generations. Hence statement 1 is NOT CORRECT.
• It has the capacity to preserve about one million germplasm in the form of seeds.
• Presently it is protecting 4.52 lakh accessions, of which 2.7 lakh are Indian germplasm and the rest have been imported from other countries.
• National Bureau of Plant Genetic Resources is meeting the need of in-situ and ex-situ germplasm conservation through Delhi Headquarters and 10 regional stations in the country. Hence statement 2 is NOT CORRECT.
Key facilities provided
• The NGB has four kinds of facilities to cater to long-term as well as medium-term conservation namely:
1. Seed Gene bank (- 18°C),
2. Cryo gene bank (-170°C to -196°C),
3. In-vitro Gene bank (25°C), and
4. Field Gene bank
• It stores different crop groups such as cereals, millets, medicinal and aromatic plants, and narcotics, etc.
Hence statement 2 is CORRECT.
What is the latest update?
• This is the world’s second-largest gene bank located in the national capital. It has the capacity to preserve about one million germplasm in the form of seeds. Hence statement 4 is NOT CORRECT. -
Question 10 of 20
10. Question
1 pointsQ.10) India’s first composite Financial Inclusion Index (FI-Index) was recently released by: Correct
Answer: (a)
Financial Inclusion Index
The Reserve Bank of India (RBI) has announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country.
• The FI-Index will be published in July every year.
• The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
• It has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.
• It has been constructed without any ‘base year’ and as such it reflects cumulative efforts of all stakeholders over the years towards financial inclusion.Incorrect
Answer: (a)
Financial Inclusion Index
The Reserve Bank of India (RBI) has announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country.
• The FI-Index will be published in July every year.
• The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
• It has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.
• It has been constructed without any ‘base year’ and as such it reflects cumulative efforts of all stakeholders over the years towards financial inclusion. -
Question 11 of 20
11. Question
1 pointsQ.11) Consider the following statements with respect to the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme:
1. The RoDTEP scheme was announced as a replacement for the Merchandise Export from India Scheme (MEIS), which was not compliant with the rules of the World Trade Organisation.
2. It was launched by the Ministry of Finance.
Which of the given statements is/are correct?Correct
Answer: (a)
Only statement 1 is CORRECT.
RoDTEP Scheme
• RoDTEP is a scheme for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market.
• It was launched by the Ministry of Commerce and Industry.
• It has replaced the current Merchandise Exports from India Scheme, which is not in compliance with WTO norms and rules.
• The new RoDTEP Scheme is a fully WTO compliant scheme.
• It will reimburse all the taxes/duties/levies being charged at the Central/State/Local level which are not currently refunded under any of the existing schemes but are incurred at the manufacturing and distribution process.Incorrect
Answer: (a)
Only statement 1 is CORRECT.
RoDTEP Scheme
• RoDTEP is a scheme for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market.
• It was launched by the Ministry of Commerce and Industry.
• It has replaced the current Merchandise Exports from India Scheme, which is not in compliance with WTO norms and rules.
• The new RoDTEP Scheme is a fully WTO compliant scheme.
• It will reimburse all the taxes/duties/levies being charged at the Central/State/Local level which are not currently refunded under any of the existing schemes but are incurred at the manufacturing and distribution process. -
Question 12 of 20
12. Question
1 pointsQ.12) The Perform, Achieve and Trade (PAT) Scheme sometimes seen in news is related to: Correct
Answer: (a)
The Ministry of Power has issued more than 57 lacs Energy Saving Certificates to 349 industrial units because they saved more energy than the targets.
PAT Scheme
• Perform Achieve and Trade (PAT) scheme is a flagship programme of the Bureau of Energy Efficiency under the National Mission for Enhanced Energy Efficiency (NMEEE).
• The scheme aims to reduce specific energy consumption in energy-intensive industries through certification of excess energy saving which can be traded.
• Under the scheme, an Energy Audit is done to verify the baseline data (current level of efficiency) and thereafter energy saving targets are given.
• Energy Saving Certificates (ESCerts) are issued to those plants that have achieved excess energy savings over their targets.Incorrect
Answer: (a)
The Ministry of Power has issued more than 57 lacs Energy Saving Certificates to 349 industrial units because they saved more energy than the targets.
PAT Scheme
• Perform Achieve and Trade (PAT) scheme is a flagship programme of the Bureau of Energy Efficiency under the National Mission for Enhanced Energy Efficiency (NMEEE).
• The scheme aims to reduce specific energy consumption in energy-intensive industries through certification of excess energy saving which can be traded.
• Under the scheme, an Energy Audit is done to verify the baseline data (current level of efficiency) and thereafter energy saving targets are given.
• Energy Saving Certificates (ESCerts) are issued to those plants that have achieved excess energy savings over their targets. -
Question 13 of 20
13. Question
1 pointsQ.13) India’s largest floating Solar PV project was recently inaugurated in which of the following state? Correct
Answer: (c)
The National Thermal Power Corporation (NTPC) Ltd has commissioned the largest floating solar PV project in Andhra Pradesh.• The largest Floating Solar PV Project of 25MW is located on the reservoir of Simhadri thermal station in Visakhapatnam, Andhra Pradesh.
• This is the first solar project to be set up under the Flexibilization Scheme.
• The project has the potential to generate electricity from more than 1 lakh solar PV modules. This would not only help to light around 7,000 households but also ensure CO2 emission reduction of at least 46,000 tons every year during the lifespan of this project.
• The project is also expected to save 1,364 million litres of water per annum. This would be adequate to meet the yearly water requirements of 6,700 households.Incorrect
Answer: (c)
The National Thermal Power Corporation (NTPC) Ltd has commissioned the largest floating solar PV project in Andhra Pradesh.• The largest Floating Solar PV Project of 25MW is located on the reservoir of Simhadri thermal station in Visakhapatnam, Andhra Pradesh.
• This is the first solar project to be set up under the Flexibilization Scheme.
• The project has the potential to generate electricity from more than 1 lakh solar PV modules. This would not only help to light around 7,000 households but also ensure CO2 emission reduction of at least 46,000 tons every year during the lifespan of this project.
• The project is also expected to save 1,364 million litres of water per annum. This would be adequate to meet the yearly water requirements of 6,700 households. -
Question 14 of 20
14. Question
1 pointsQ.14) BH number series is a newly introduced number series for vehicle registration across India. Consider the following statement with respect to the Bharat series (BH-series) for Vehicles:
1. The BH series will replace the state letters in the number plate denoting the state of vehicle registration, like UP or DL.
2. The vehicle registration facility under the ‘BH’ series will be available only to defence personnel, employees of Central government, state governments, Central/State PSUs.
Which of the given statements is/are correct?Correct
Answer: (c)
Bharat series (BH-series) of Vehicles
• There was a procedure of re-registration of a vehicle while moving to another state.
• A vehicle bearing BH registration mark shall not require assignment of a new registration mark when the owner of the vehicle shifts from one State to another.
• Format of Bharat series (BH-series) Registration Mark –
Registration Mark Format: YY BH #### XX
Who can get this BH series?
• BH-series will be available on voluntary basis to Defense personnel, employees of Central Government/ State Government/ Central/ State PSUs and private sector companies/organizations.
Hence statement 2 is also CORRECT.
• The motor vehicle tax will be levied for two years or in multiple of two.
• This scheme will facilitate free movement of personal vehicles across States/UTs of India upon relocation to a new State/UT.Incorrect
Answer: (c)
Bharat series (BH-series) of Vehicles
• There was a procedure of re-registration of a vehicle while moving to another state.
• A vehicle bearing BH registration mark shall not require assignment of a new registration mark when the owner of the vehicle shifts from one State to another.
• Format of Bharat series (BH-series) Registration Mark –
Registration Mark Format: YY BH #### XX
Who can get this BH series?
• BH-series will be available on voluntary basis to Defense personnel, employees of Central Government/ State Government/ Central/ State PSUs and private sector companies/organizations.
Hence statement 2 is also CORRECT.
• The motor vehicle tax will be levied for two years or in multiple of two.
• This scheme will facilitate free movement of personal vehicles across States/UTs of India upon relocation to a new State/UT. -
Question 15 of 20
15. Question
1 pointsQ.15) Recently India became the 4th largest forex reserves holder globally. India’s forex reserves cover:
1. Foreign Currency Assets (FCAs)
2. Special Drawing Rights (SDRs)
3. Gold Reserves
4. Reserve Position with the International Monetary Fund (IMF)
Arrange these in the ascending (increasing) order:Correct
Answer: (a)
• India’s forex reserves cover Foreign Currency Assets (FCAs), Special Drawing Rights (SDRs), Gold Reserves and the country’s reserve position with the International Monetary Fund (IMF).
• The growth in foreign exchange reserves was largely due to an increase in Foreign Currency Assets (FCA). According to RBI’s weekly data, FCAs rose by $463 million to $568.748 billion.
• Gold reserves were up by $377 million to $37.333 billion.
• The country’s reserve position with the IMF declined by $7 million to $5.1 billion during the reporting week, the data showed.
• The Special Drawing Rights (SDR) with the International Monetary Fund (IMF) were up by $1 million at $1.548 billion.
What is Foreign Exchange Reserve?
• Foreign exchange reserves are important assets held by the central bank in foreign currencies as reserves.
• They are commonly used to support the exchange rate and set monetary policy.
• In India’s case, foreign reserves include Gold, Dollars, and the IMF’s quota for Special Drawing Rights.
• Most of the reserves are usually held in US dollars, given the currency’s importance in the international financial and trading system.
• Some central banks keep reserves in Euros, British pounds, Japanese yen, or Chinese yuan, in addition to their US dollar reserves.
Countries with the highest foreign reserves
Currently, China has the largest reserves followed by Japan and Switzerland. India has overtaken Russia to become the fourth largest country with foreign exchange reserves.
1. China – $3,349 Billion
2. Japan – $1,376 Billion
3. Switzerland – $1,074 Billion
4. India – $612.73 Billion
5. Russia – $597.40 BillionIncorrect
Answer: (a)
• India’s forex reserves cover Foreign Currency Assets (FCAs), Special Drawing Rights (SDRs), Gold Reserves and the country’s reserve position with the International Monetary Fund (IMF).
• The growth in foreign exchange reserves was largely due to an increase in Foreign Currency Assets (FCA). According to RBI’s weekly data, FCAs rose by $463 million to $568.748 billion.
• Gold reserves were up by $377 million to $37.333 billion.
• The country’s reserve position with the IMF declined by $7 million to $5.1 billion during the reporting week, the data showed.
• The Special Drawing Rights (SDR) with the International Monetary Fund (IMF) were up by $1 million at $1.548 billion.
What is Foreign Exchange Reserve?
• Foreign exchange reserves are important assets held by the central bank in foreign currencies as reserves.
• They are commonly used to support the exchange rate and set monetary policy.
• In India’s case, foreign reserves include Gold, Dollars, and the IMF’s quota for Special Drawing Rights.
• Most of the reserves are usually held in US dollars, given the currency’s importance in the international financial and trading system.
• Some central banks keep reserves in Euros, British pounds, Japanese yen, or Chinese yuan, in addition to their US dollar reserves.
Countries with the highest foreign reserves
Currently, China has the largest reserves followed by Japan and Switzerland. India has overtaken Russia to become the fourth largest country with foreign exchange reserves.
1. China – $3,349 Billion
2. Japan – $1,376 Billion
3. Switzerland – $1,074 Billion
4. India – $612.73 Billion
5. Russia – $597.40 Billion -
Question 16 of 20
16. Question
1 pointsQ.16) With reference to light pollution, consider the following
statements:
1. ‘Skyglow’ is one of the components of light pollution.
2. It has environmental consequences for humans,
wildlife, and the climate.
Which of the above statements is/are correct?Correct
Answer: (c) Both statements are correct. Skyglows
The Skyglow, is an omnipresent sheet of light across the night sky in and around cities that can block all but the very brightest stars from view.The brightening of the night sky over inhabited areas because of streetlights, security floodlights and outdoor ornamental lights cause the Skyglow.
This light floods directly into the eyes of the Nocturnal (active at night) and also into the skies and misleads their path.
‘Skyglow’ is one of the components of light pollution.
Hence statement 1 is CORRECT.Like most life on Earth, humans adhere to a Circadian Rhythm — our biological clock — a sleep-wake pattern governed by the day-night cycle. Artificial light at night can disrupt that cycle.
Hence statement 2 is CORRECT.
Incorrect
Answer: (c) Both statements are correct. Skyglows
The Skyglow, is an omnipresent sheet of light across the night sky in and around cities that can block all but the very brightest stars from view.The brightening of the night sky over inhabited areas because of streetlights, security floodlights and outdoor ornamental lights cause the Skyglow.
This light floods directly into the eyes of the Nocturnal (active at night) and also into the skies and misleads their path.
‘Skyglow’ is one of the components of light pollution.
Hence statement 1 is CORRECT.Like most life on Earth, humans adhere to a Circadian Rhythm — our biological clock — a sleep-wake pattern governed by the day-night cycle. Artificial light at night can disrupt that cycle.
Hence statement 2 is CORRECT.
-
Question 17 of 20
17. Question
1 pointsQ.17) A recently discovered specie named “Minervarya Pentali” is basically a: Correct
Answer: (b)
A team of Delhi University researchers has discovered a new frog species in the Western Ghats and has named it “Minervarya Pentali”.
Minervarya Pentali
• Minervarya Pentali is a new frog species from the genus Minervarya.
• It is also among the smallest known Minervarya frogs.
• The species was discovered from the Western Ghats. The species is endemic to the southern Western Ghats.
• The species has been named after former DU Vice-Chancellor and plant geneticist Deepak Pental.
• Minervarya is a genus of frogs in the family Dicroglossidae. The identity and taxonomic status of all known members of this genus are from Peninsular India.Incorrect
Answer: (b)
A team of Delhi University researchers has discovered a new frog species in the Western Ghats and has named it “Minervarya Pentali”.
Minervarya Pentali
• Minervarya Pentali is a new frog species from the genus Minervarya.
• It is also among the smallest known Minervarya frogs.
• The species was discovered from the Western Ghats. The species is endemic to the southern Western Ghats.
• The species has been named after former DU Vice-Chancellor and plant geneticist Deepak Pental.
• Minervarya is a genus of frogs in the family Dicroglossidae. The identity and taxonomic status of all known members of this genus are from Peninsular India. -
Question 18 of 20
18. Question
1 pointsQ.18) Which of the following banks are insured by the Deposit insurance and credit guarantee corporation (DICGC)?
1. Foreign banks functioning in India
2. Regional rural banks
3. Co-operative banks
4. Local area banks
Select the correct answer code:Correct
Answer: (d)
About DICGC
• Deposit Insurance and Credit Guarantee Corporation is a specialised division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance.
• DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank.
Which banks are insured by the DICGC?
• All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
• All State, Central and Primary cooperative banks, also called urban cooperative banks, functioning in States / Union Territories which have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI) to order the Registrar of Cooperative Societies of the State / Union Territory to wind up a cooperative bank or to supersede its committee of management and requiring the Registrar not to take any action regarding winding up, amalgamation or reconstruction of a co-operative bank without prior sanction in writing from the RBI are covered under the Deposit Insurance Scheme.
• At present all co-operative banks are covered by the DICGC.
https://www.thehindubusinessline.com/money-and-banking/dicgc-can-now-fix-risk-based-deposit-insurance-premium/article35973079.eceIncorrect
Answer: (d)
About DICGC
• Deposit Insurance and Credit Guarantee Corporation is a specialised division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance.
• DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank.
Which banks are insured by the DICGC?
• All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
• All State, Central and Primary cooperative banks, also called urban cooperative banks, functioning in States / Union Territories which have amended the local Cooperative Societies Act empowering the Reserve Bank of India (RBI) to order the Registrar of Cooperative Societies of the State / Union Territory to wind up a cooperative bank or to supersede its committee of management and requiring the Registrar not to take any action regarding winding up, amalgamation or reconstruction of a co-operative bank without prior sanction in writing from the RBI are covered under the Deposit Insurance Scheme.
• At present all co-operative banks are covered by the DICGC.
https://www.thehindubusinessline.com/money-and-banking/dicgc-can-now-fix-risk-based-deposit-insurance-premium/article35973079.ece -
Question 19 of 20
19. Question
1 pointsQ.19) The phrase Early Harvest Scheme sometimes seen in news is related to: Correct
Answer: (c)
Early harvest scheme
• Early harvest scheme is a precursor to a free trade agreement (FTA) between two trading partners.
• This is to help the two trading countries to identify certain products for tariff liberalization pending the conclusion of FTA negotiation.
• It is primarily a confidence building measure between two trading partners
India and Australia are planning to conclude an early harvest trade deal by December, the two countries said in a joint statement.Incorrect
Answer: (c)
Early harvest scheme
• Early harvest scheme is a precursor to a free trade agreement (FTA) between two trading partners.
• This is to help the two trading countries to identify certain products for tariff liberalization pending the conclusion of FTA negotiation.
• It is primarily a confidence building measure between two trading partners
India and Australia are planning to conclude an early harvest trade deal by December, the two countries said in a joint statement. -
Question 20 of 20
20. Question
1 pointsQ.20) Which of the given statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS) is/are correct?
1. ECLGS was as a special scheme in view of the pandemic.
2. It aims to provide 100 percent guaranteed coverage to the banks as well as NBFCs.
Select the correct options:Correct
Answer: (c)
Both statements are CORRECT.
Emergency Credit Line Guarantee Scheme
• ECLGS was launched by government of India as a special scheme in view of the pandemic
• It aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.
• In November 2020, FM launched ECLGS 2.0 by extending the Rs 3 lakh crore scheme to support 26 stressed sectors identified by the Kamath Committee and the healthcare sector.
• These sectors included power, construction, iron and steel manufacturing, roads, real estate, textiles, chemicals, consumer durables, non-ferrous metals, pharma manufacturing, logistics, gems and jewellery, cement, auto components, hotels-restaurants-tourism, mining, plastic product manufacturing, automobile manufacturing, auto dealerships, aviation, sugar, ports and port services, shipping, building materials, and corporate retail outlets.Incorrect
Answer: (c)
Both statements are CORRECT.
Emergency Credit Line Guarantee Scheme
• ECLGS was launched by government of India as a special scheme in view of the pandemic
• It aims to provide 100 percent guaranteed coverage to the banks, NBFCs and other lenders in order to enable them to extend emergency credit to businesses hit by the Covid-19 pandemic and struggling to meet their working capital requirements.
• In November 2020, FM launched ECLGS 2.0 by extending the Rs 3 lakh crore scheme to support 26 stressed sectors identified by the Kamath Committee and the healthcare sector.
• These sectors included power, construction, iron and steel manufacturing, roads, real estate, textiles, chemicals, consumer durables, non-ferrous metals, pharma manufacturing, logistics, gems and jewellery, cement, auto components, hotels-restaurants-tourism, mining, plastic product manufacturing, automobile manufacturing, auto dealerships, aviation, sugar, ports and port services, shipping, building materials, and corporate retail outlets.
Leaderboard: 25th Sept 2021 | Science & Tech Test 3
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