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Question 1 of 5
1. Question
1 pointsPSL is an important role given by the (RBI) to the banks for providing a specified portion of the bank lending to which among the following sectors:
1. Education loans
2. Housing loans
3. Small Scale Industries
4. Loans for health sectorSelect the correct answer using the code below:
Correct
Explanation:
Priority Sector Lending
PSL is an important role given by the (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low-income groups and weaker sections.
This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector.
The broad categories of priority sector for all scheduled commercial banks are as under:
Agriculture and Allied Activities (Direct and Indirect finance)
Small Scale Industries (Direct and Indirect Finance)
Small Business / Service Enterprises
Micro Credit
Education loans
Housing loansIncorrect
Explanation:
Priority Sector Lending
PSL is an important role given by the (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low-income groups and weaker sections.
This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector.
The broad categories of priority sector for all scheduled commercial banks are as under:
Agriculture and Allied Activities (Direct and Indirect finance)
Small Scale Industries (Direct and Indirect Finance)
Small Business / Service Enterprises
Micro Credit
Education loans
Housing loans -
Question 2 of 5
2. Question
1 pointsWith reference to Project Dolphin, consider the following statements:
1. Project Dolphin will be implemented as a part of government’s flagship scheme Namami Gange
2. Project Dolphin is expected to be implemented by the Ministry of Environment, Forest and Climate Change.
Which of the statement given above is/are correct?
Correct
Explanation:
Project Dolphin
The Project will be on the lines of Project Tiger, which has helped increase the tiger population.
So far, the National Mission for Clean Ganga (NMCG), which implements the government’s flagship scheme Namami Gange, has been taking some initiatives for saving dolphins.
Now, Project Dolphin is expected to be implemented by the Ministry of Environment, Forest and Climate Change.Incorrect
Explanation:
Project Dolphin
The Project will be on the lines of Project Tiger, which has helped increase the tiger population.
So far, the National Mission for Clean Ganga (NMCG), which implements the government’s flagship scheme Namami Gange, has been taking some initiatives for saving dolphins.
Now, Project Dolphin is expected to be implemented by the Ministry of Environment, Forest and Climate Change. -
Question 3 of 5
3. Question
1 pointsRecently, Finance Minister has referred to an Act of God while businesses are looking at a legal provision, force majeure, to cut losses, in the this context the following statement:
1. Act of God or force majeure includes only natural events.
2. The force majeure or “Act of God” clause has its origins in the Napoleonic Code
Which of the statement given above is/are correct?
Correct
Explanation:
Evoking “Act of God”
The force majeure or “Act of God” clause has its origins in the Napoleonic Code.
The finance ministry had issued an office memorandum inviting attention to the force majeure clause (FMC) in the 2017 Manual for Procurement of Goods issued by the Department of Expenditure.
It clarified that the pandemic should be considered a case of natural calamity and FMC may be invoked, wherever considered appropriate.What is a force majeure clause?
The law of contracts is built around a fundamental norm that the parties must perform the contract.
When a party fails to perform its part of the contract, the loss to the other party is made good.
However, the law carves out exceptions when the performance of the contract becomes impossible for the parties.
A force majeure clause is one such exception that releases the party of its obligations to an extent when events beyond their control take place and leave them unable to perform their part of the contract.
FMC is a clause that is present in most commercial contracts and is a carefully drafted legal arrangement in the event of a crisis.
When the clause is triggered, parties can decide to break from their obligations temporarily or permanently without necessarily breaching the contract.
Companies in such situations use the clause as a safe exit route, sometimes in opportunistic ways, without having to incur the penalty of breaching the contract.Incorrect
Explanation:
Evoking “Act of God”
The force majeure or “Act of God” clause has its origins in the Napoleonic Code.
The finance ministry had issued an office memorandum inviting attention to the force majeure clause (FMC) in the 2017 Manual for Procurement of Goods issued by the Department of Expenditure.
It clarified that the pandemic should be considered a case of natural calamity and FMC may be invoked, wherever considered appropriate.What is a force majeure clause?
The law of contracts is built around a fundamental norm that the parties must perform the contract.
When a party fails to perform its part of the contract, the loss to the other party is made good.
However, the law carves out exceptions when the performance of the contract becomes impossible for the parties.
A force majeure clause is one such exception that releases the party of its obligations to an extent when events beyond their control take place and leave them unable to perform their part of the contract.
FMC is a clause that is present in most commercial contracts and is a carefully drafted legal arrangement in the event of a crisis.
When the clause is triggered, parties can decide to break from their obligations temporarily or permanently without necessarily breaching the contract.
Companies in such situations use the clause as a safe exit route, sometimes in opportunistic ways, without having to incur the penalty of breaching the contract. -
Question 4 of 5
4. Question
1 pointsWhich among the following are major source of Vitamins D?
1. Mushroom Plants
2. Salmon Fish
3. Egg Yolkselect the correct answer using the code below:
Correct
Explanation:
What is Vitamin-D?
Vitamin D is an essential vitamin that has myriad positive effects on several systems in the body.
Unlike other vitamins, it functions like a hormone and every cell in your body has a receptor for it.
It is sparsely found in certain fatty fish and fortified dairy products, and it is extremely difficult to get the Recommended Daily Intake (RDI) of 600-800 IU from diet alone.
There are two main forms of vitamin D in the diet:– Vitamin D2 (Ergocalciferol) — found in plant foods like mushrooms.
– Vitamin D3 (Cholecalciferol) — found in animal foods like salmon, cod and egg yolks.Common signs and symptoms of the deficiency
Vitamin D deficiency is incredibly common and most people are unaware of it, as the symptoms are subtle and nonspecific.– Getting sick or infected often with common cold and flu, because of a weak immune system.
– Fatigue and tiredness
– Bone and muscle pains
– Depression
– Impaired wound healing
– Bone loss and osteoporosisSources of Vit. D
Sunlight is the best natural source of vitamin D. Sunlight synthesizes cholesterol into Vitamin D3.
Usually, 20 to 30 minutes of sun exposure between 10 am and 3 pm is adequate to meet daily requirements, in places with minimum pollution levels.Incorrect
Explanation:
What is Vitamin-D?
Vitamin D is an essential vitamin that has myriad positive effects on several systems in the body.
Unlike other vitamins, it functions like a hormone and every cell in your body has a receptor for it.
It is sparsely found in certain fatty fish and fortified dairy products, and it is extremely difficult to get the Recommended Daily Intake (RDI) of 600-800 IU from diet alone.
There are two main forms of vitamin D in the diet:– Vitamin D2 (Ergocalciferol) — found in plant foods like mushrooms.
– Vitamin D3 (Cholecalciferol) — found in animal foods like salmon, cod and egg yolks.Common signs and symptoms of the deficiency
Vitamin D deficiency is incredibly common and most people are unaware of it, as the symptoms are subtle and nonspecific.– Getting sick or infected often with common cold and flu, because of a weak immune system.
– Fatigue and tiredness
– Bone and muscle pains
– Depression
– Impaired wound healing
– Bone loss and osteoporosisSources of Vit. D
Sunlight is the best natural source of vitamin D. Sunlight synthesizes cholesterol into Vitamin D3.
Usually, 20 to 30 minutes of sun exposure between 10 am and 3 pm is adequate to meet daily requirements, in places with minimum pollution levels. -
Question 5 of 5
5. Question
1 pointsThe terns ‘Event Horizon’, ‘Singularity’, ‘String Theory’ and ‘Standard Model’ are sometimes seen in the news in the context of:
Correct
Explanation: These terms are Physics terms which talk about the origins and extent of the universe, the state and composition of matter, etc.
Incorrect
Explanation: These terms are Physics terms which talk about the origins and extent of the universe, the state and composition of matter, etc.
Leaderboard: 03rd Sept 2020 | Prelims Daily with Previous Year Questions
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In Question 1 i think Loans for health sector should be also correct as “Social Infrastructure” is part of PSL division