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Question 1 of 5
1. Question
1 pointsWhich among the following is the main objective of PM Swanidhi Scheme launched recently?
Correct
PM Swanidhi Scheme
The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24.
The scheme was announced by Finance Minister as a part of the economic package for those affected by the COVID-19 pandemic and lockdown.
The loans are meant to help kick-start activity for vendors who have been left without any income since the lockdown was implemented on March 25.
The scheme is valid until March 2022.
Expected beneficiaries
This loan will be given to those who run shops on the roadside, handcart or streetcar.
Fruit-vegetable, laundry, saloon and paan shops are also included in this category.
Facilities provided under the scheme
The vendors will be able to apply for a working capital loan of up to ₹10,000, which is repayable in monthly instalments within a year.
On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through direct benefit transfer on a six-monthly basis.
The loans would be without collateral. There will be no penalty on early repayment of the loan.Incorrect
PM Swanidhi Scheme
The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24.
The scheme was announced by Finance Minister as a part of the economic package for those affected by the COVID-19 pandemic and lockdown.
The loans are meant to help kick-start activity for vendors who have been left without any income since the lockdown was implemented on March 25.
The scheme is valid until March 2022.
Expected beneficiaries
This loan will be given to those who run shops on the roadside, handcart or streetcar.
Fruit-vegetable, laundry, saloon and paan shops are also included in this category.
Facilities provided under the scheme
The vendors will be able to apply for a working capital loan of up to ₹10,000, which is repayable in monthly instalments within a year.
On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through direct benefit transfer on a six-monthly basis.
The loans would be without collateral. There will be no penalty on early repayment of the loan. -
Question 2 of 5
2. Question
1 pointsConsider the following statement in the context of recently launched Champion Portal
1. It has been created for effective coordination and development of the Central Government’s programme for infrastructure development or Social and human resource development
2. It is launched by the Ministry of Human Resources and Development.Which of the statement given above is/are correct?
Correct
Explanation :
CHAMPIONS Platform
Our PM has launched the technology platform CHAMPIONS as a one-stop-shop solution of MSME Ministry.
CHAMPIONS stand for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.
The portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.
It is a technology-packed control room-cum-management information system.
It is also fully integrated on a real-time basis with GOI’s main grievances portal CPGRAMS and MSME Ministry’s own other web-based mechanisms.
This ICT based system is set up to help the MSMEs in a present difficult situation and also to handhold them to become national and international champions.Incorrect
Explanation :
CHAMPIONS Platform
Our PM has launched the technology platform CHAMPIONS as a one-stop-shop solution of MSME Ministry.
CHAMPIONS stand for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.
The portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.
It is a technology-packed control room-cum-management information system.
It is also fully integrated on a real-time basis with GOI’s main grievances portal CPGRAMS and MSME Ministry’s own other web-based mechanisms.
This ICT based system is set up to help the MSMEs in a present difficult situation and also to handhold them to become national and international champions. -
Question 3 of 5
3. Question
1 pointsWith reference to Social Stock Exchanges (SSEs), consider the following statements:
1. It will be the first global platform in the world on which social enterprises, volunteer groups and welfare organisations will be listed to raise capital for a social or environmental cause.
2. It will function on the lines of major stock exchanges like BSE and NSE.
3. It will work under the Reserve Bank of India.Which of the statement given above is/are correct?
Correct
Explanation:
What are Social Stock Exchanges (SSEs)?
An SSE is a platform which allows investors to buy shares in social enterprises vetted by an official exchange.
The Union Budget 2019 proposed setting up of first of its kind SSE in India.
The SSE will function as a common platform where social enterprises can raise funds from the public.
It will function on the lines of major stock exchanges like BSE and NSE. However, the purpose of the Social Stock Exchange will be different – not profit, but social welfare.
Under the regulatory ambit of SEBI, a listing of social enterprises and voluntary organizations will be undertaken so that they can raise capital as equity, debt or as units like a mutual fund.Global Models:
Canada: Backed by the Ontario government, the SVX is an online platform that allows investments in Canadian companies and funds that have “a positive social or environmental impact”. Retail investors are also allowed to participate.
UK: The Social Stock Exchange in London functions more as a directory connecting social enterprises and potential investors. Launched in 2013, it only accepts companies that pass its independent assessment on social impact.
Kenya: The Kenya Social Investment Exchange, launched in 2011, connects vetted social enterprises with impact investors, both foreign and domestic. A listed social enterprise has to demonstrate social impact as well as financial sustainability beyond the funding period.
Singapore: The Impact Investment Exchange runs a social stock exchange in partnership with the Stock Exchange of Mauritius, which is open to limited accredited investors who want to invest.Incorrect
Explanation:
What are Social Stock Exchanges (SSEs)?
An SSE is a platform which allows investors to buy shares in social enterprises vetted by an official exchange.
The Union Budget 2019 proposed setting up of first of its kind SSE in India.
The SSE will function as a common platform where social enterprises can raise funds from the public.
It will function on the lines of major stock exchanges like BSE and NSE. However, the purpose of the Social Stock Exchange will be different – not profit, but social welfare.
Under the regulatory ambit of SEBI, a listing of social enterprises and voluntary organizations will be undertaken so that they can raise capital as equity, debt or as units like a mutual fund.Global Models:
Canada: Backed by the Ontario government, the SVX is an online platform that allows investments in Canadian companies and funds that have “a positive social or environmental impact”. Retail investors are also allowed to participate.
UK: The Social Stock Exchange in London functions more as a directory connecting social enterprises and potential investors. Launched in 2013, it only accepts companies that pass its independent assessment on social impact.
Kenya: The Kenya Social Investment Exchange, launched in 2011, connects vetted social enterprises with impact investors, both foreign and domestic. A listed social enterprise has to demonstrate social impact as well as financial sustainability beyond the funding period.
Singapore: The Impact Investment Exchange runs a social stock exchange in partnership with the Stock Exchange of Mauritius, which is open to limited accredited investors who want to invest. -
Question 4 of 5
4. Question
1 pointsThe Antifa movement recently seen in news is an:
Correct
Antifa: The group
Antifa is an acronym for ‘Anti-Fascist’. It is not an organisation with a leader nor does it have a defined structure or membership roles.
Antifa has been around for several decades, though accounts vary on its exact beginnings.
The term dates the term as far back as Nazi Germany, describing the etymology of ‘Antifa’ as “borrowed from German Antifa, short for antifaschistische ‘anti-fascist’.
Rather, Antifa is more of a movement of activists whose followers share a philosophy and tactics.
They have made their presence known at protests, including the “Unite the Right” rally in Charlottesville, Virginia, in 2017.Incorrect
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Question 5 of 5
5. Question
1 pointsConsider the following pairs :
Tradition State
1. Chapchar Kut festival — Mizoram
2. Khongjom Parba ballad — Manipur
3. Thong-To dance — SikkimWhich of the pairs given above is/are correct ?
Correct
Explanation:
The Chapchar Kut is a spring festival of Mizoram, India. It is estimated to have started in 1450-1700 A.D. in a village called Suaipui. It is celebrated during March after the completion of the task i.e. jungle-clearing (clearing of the remnants of burning). This festival is celebrated with great fervour and gaiety.
Khongjom Parba is a style of ballad singing from Manipur using Dholak (drum) which depicts stories of heroic battle fought by Manipuris against the
mighty British Empire in 1891. It is one of the most popular musical art forms of Manipur inciting the spirit of patriotism and nationalism among the people at one time.
The art of Thang-Ta represents an ancient and remarkable tradition of Manipur. It exhibits the extraordinary technique of combat using the Thang (sword) and the Ta (spear). Thang-Ta symbolises the traditional martial art techniques of the Manipuris. It was also known as Huyen Lallong which means the art of sword and the spear.
Incorrect
Explanation:
The Chapchar Kut is a spring festival of Mizoram, India. It is estimated to have started in 1450-1700 A.D. in a village called Suaipui. It is celebrated during March after the completion of the task i.e. jungle-clearing (clearing of the remnants of burning). This festival is celebrated with great fervour and gaiety.
Khongjom Parba is a style of ballad singing from Manipur using Dholak (drum) which depicts stories of heroic battle fought by Manipuris against the
mighty British Empire in 1891. It is one of the most popular musical art forms of Manipur inciting the spirit of patriotism and nationalism among the people at one time.
The art of Thang-Ta represents an ancient and remarkable tradition of Manipur. It exhibits the extraordinary technique of combat using the Thang (sword) and the Ta (spear). Thang-Ta symbolises the traditional martial art techniques of the Manipuris. It was also known as Huyen Lallong which means the art of sword and the spear.
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