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Question 1 of 5
1. Question
1 pointsConsider the following statements regarding Non-Banking Financial Companies
1. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
2. NBFCs can accept demand deposits.
Which of the statements given above is/are correct?Correct
Statement 1 is correct while statement 2 is incorrect.
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
i. NBFC cannot accept demand deposits; (NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. They cannot accept deposits repayable on demand.)
ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
iii. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.Incorrect
Statement 1 is correct while statement 2 is incorrect.
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
i. NBFC cannot accept demand deposits; (NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. They cannot accept deposits repayable on demand.)
ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
iii. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. -
Question 2 of 5
2. Question
1 pointsWhitley Commission established in British India was related to which of the following given below?
Correct
The Royal Commission on Labour or the Whitley Commission on Labour was set up in 1929 to inquire into the existing conditions of labour in industrial undertakings and plantations in India. The Commission was chaired by John Henry Whitley. The commission submitted its report in 1931. The report surprised many by concurring with the criticisms of Mahatma Gandhi and others that poverty was the cause of India’s social and industrial problems. It was also critical of British employers’ role in perpetuating the problems.
Incorrect
The Royal Commission on Labour or the Whitley Commission on Labour was set up in 1929 to inquire into the existing conditions of labour in industrial undertakings and plantations in India. The Commission was chaired by John Henry Whitley. The commission submitted its report in 1931. The report surprised many by concurring with the criticisms of Mahatma Gandhi and others that poverty was the cause of India’s social and industrial problems. It was also critical of British employers’ role in perpetuating the problems.
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Question 3 of 5
3. Question
1 pointsTadoba Andhari Tiger Reserve is located in which of the following states?
Correct
Tadoba Andhari Tiger Reserve is located in Chandrapur district of Maharashtra. It is Maharashtra’s oldest and largest national park.
Incorrect
Tadoba Andhari Tiger Reserve is located in Chandrapur district of Maharashtra. It is Maharashtra’s oldest and largest national park.
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Question 4 of 5
4. Question
1 pointsConsider the following statements about Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
1. It is a Central Sector Scheme with funding from both State Governments and Central Government of India.
2. Under the Scheme, income support of Rs.6000 per year is provided to all farmer families.
3. The responsibility of identification of beneficiary farmer families rests with the State/UT Governments.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect while statements 2 and 3 are correct.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from Government of India. It was announced in February 2019.
Under the Scheme, income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each, every four months. The entire responsibility of identification of beneficiary farmer families rests with the State / UT Governments.Incorrect
Statement 1 is incorrect while statements 2 and 3 are correct.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from Government of India. It was announced in February 2019.
Under the Scheme, income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each, every four months. The entire responsibility of identification of beneficiary farmer families rests with the State / UT Governments. -
Question 5 of 5
5. Question
1 pointsBonn Challenge is related to which of the following given below?
Correct
At the UN Framework Convention on Climate Change (UNFCCC) Conference of Parties (CoP) 2015 in Paris, the government of India made a Bonn Challenge pledge to bring 13 million hectares of degraded land into restoration by 2020 and an additional 8 million hectares by 2030.
Incorrect
At the UN Framework Convention on Climate Change (UNFCCC) Conference of Parties (CoP) 2015 in Paris, the government of India made a Bonn Challenge pledge to bring 13 million hectares of degraded land into restoration by 2020 and an additional 8 million hectares by 2030.
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