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Question 1 of 5
1. Question
1 pointsThe ‘Due Constitution’ Notification whereafter Lok Sabha shall be deemed to be duly constituted is ruled out by?
Correct
What is ‘Due Constitution’ notification by ECI?
• Sec 67 of the RPA, 1951, says that “the returning officer shall report the (election) result to the appropriate authority and the Election Commission.
• The authority shall cause to publish in the Official Gazette the declarations containing the names of the elected candidates.
• Sec 73 of the Act provides that the ECI shall publish in the gazette the names of all elected members in a notification, called ‘Due Constitution’ notification, whereafter Lok Sabha shall be deemed to be duly constituted.Incorrect
What is ‘Due Constitution’ notification by ECI?
• Sec 67 of the RPA, 1951, says that “the returning officer shall report the (election) result to the appropriate authority and the Election Commission.
• The authority shall cause to publish in the Official Gazette the declarations containing the names of the elected candidates.
• Sec 73 of the Act provides that the ECI shall publish in the gazette the names of all elected members in a notification, called ‘Due Constitution’ notification, whereafter Lok Sabha shall be deemed to be duly constituted. -
Question 2 of 5
2. Question
1 pointsGujarat state govt. has launched India’s first trading programme to combat particulate air pollution. With reference to the Emission trading Programme, which of the given statements is/are correct?
1. Gujarat ETS is second in the world to regulate particulate air pollution.
2. Manufacturing plants/factory would be able to trade permits with each other on the National Commodity and Derivatives Exchange Limited (NCDEX).
Select the correct option:Correct
Gujarat Emission Trading Scheme (ETS)
• The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
• It is initiated by the Gujarat Pollution Control Board (GPCB).
• It was designed with the help of a team of researchers from the Energy Policy Institute at the University of Chicago (EPIC), the Economic Growth Center at Yale University and others.
• The government has set a cap on concentration of emissions for each industrial unit at 150 microgramme per cubic metre (ug/m3), which is the 24-hour average for emission standard set by the Central government for industrial units.
• The Gujarat programme is the first in the world to regulate particulate air pollution.
How actual trading happens?
• Under the cap and trade system, the regulator first defines the total mass of pollution that can be put into the air over a defined period by all factories put together.
• Then, a set of permits is created, each of which allows a certain amount of pollution, and the total is equal to the cap.
• These permits are the quantity that is bought and sold.
• Each factory is allocated a share of these permits (this could be equal or based on size or some other rule).
• After this, plants can trade permits with each other, just like any other commodity on the National Commodity and Derivatives Exchange Limited (NCDEX).Incorrect
Gujarat Emission Trading Scheme (ETS)
• The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.
• It is initiated by the Gujarat Pollution Control Board (GPCB).
• It was designed with the help of a team of researchers from the Energy Policy Institute at the University of Chicago (EPIC), the Economic Growth Center at Yale University and others.
• The government has set a cap on concentration of emissions for each industrial unit at 150 microgramme per cubic metre (ug/m3), which is the 24-hour average for emission standard set by the Central government for industrial units.
• The Gujarat programme is the first in the world to regulate particulate air pollution.
How actual trading happens?
• Under the cap and trade system, the regulator first defines the total mass of pollution that can be put into the air over a defined period by all factories put together.
• Then, a set of permits is created, each of which allows a certain amount of pollution, and the total is equal to the cap.
• These permits are the quantity that is bought and sold.
• Each factory is allocated a share of these permits (this could be equal or based on size or some other rule).
• After this, plants can trade permits with each other, just like any other commodity on the National Commodity and Derivatives Exchange Limited (NCDEX). -
Question 3 of 5
3. Question
1 pointsThe Confederation of Indian Industry (CII) has come out with a ‘Fiscal Performance Index (FPI)’ to assess quality of budgets presented by the Centre and state governments. Which of the following is not a component of the CII FPI?
Correct
Fiscal Performance Index (FPI)
• The composite FPI developed by CII is an innovative tool using multiple indicators to examine quality of Budgets at the Central and State levels.
• The index has been constructed using UNDP’s Human Development Index methodology which comprises six components for holistic assessment of the quality of government budgets.
Components of FPI
• Quality of revenue expenditure: measured by the share of revenue expenditure other than interest payments, subsidies, pensions and defence in GDP
• Quality of capital expenditure: measured by share of capital expenditure (other than defence) in GDP
• Quality of revenue: ratio of net tax revenue to GDP (own tax revenue in case of States)
• Degree of fiscal prudence I: fiscal deficit to GDP
• Degree of fiscal prudence II: revenue deficit to GDP and
• Debt index: Change in debt and guarantees to GDPIncorrect
Fiscal Performance Index (FPI)
• The composite FPI developed by CII is an innovative tool using multiple indicators to examine quality of Budgets at the Central and State levels.
• The index has been constructed using UNDP’s Human Development Index methodology which comprises six components for holistic assessment of the quality of government budgets.
Components of FPI
• Quality of revenue expenditure: measured by the share of revenue expenditure other than interest payments, subsidies, pensions and defence in GDP
• Quality of capital expenditure: measured by share of capital expenditure (other than defence) in GDP
• Quality of revenue: ratio of net tax revenue to GDP (own tax revenue in case of States)
• Degree of fiscal prudence I: fiscal deficit to GDP
• Degree of fiscal prudence II: revenue deficit to GDP and
• Debt index: Change in debt and guarantees to GDP -
Question 4 of 5
4. Question
1 pointsWith respect to the report “Renewable Power Generation Costs in 2018” released by International Renewable Energy Agency (IRENA), consider the following statements:
1. India is the lowest-cost producer of solar power globally.
2. The total installed costs of utility-scale solar PV in India was $793 per kilowatt (kW) in 2018.
Which of the given statements is/are correct?Correct
Renewable Power Generation Costs in 2018
- India is now the lowest-cost producer of solar power globally, according to a report by the International Renewable Energy Agency (IRENA).
- The IRENA report revealed that the total installed costs of utility-scale solar PV in India is as low as $793 per kilowatt (kW) in 2018 which is 27 per cent lower than for projects commissioned in 2017.
- Canada has the highest cost at $2,427 per kW.
- IRENA analysed eight major solar PV markets from 2010 to 2018 which include China, France, Germany, India, Italy, Japan, the UK and the US.
- From the analysis, it is concluded that costs have dropped by 80 per cent in India.
Incorrect
Renewable Power Generation Costs in 2018
- India is now the lowest-cost producer of solar power globally, according to a report by the International Renewable Energy Agency (IRENA).
- The IRENA report revealed that the total installed costs of utility-scale solar PV in India is as low as $793 per kilowatt (kW) in 2018 which is 27 per cent lower than for projects commissioned in 2017.
- Canada has the highest cost at $2,427 per kW.
- IRENA analysed eight major solar PV markets from 2010 to 2018 which include China, France, Germany, India, Italy, Japan, the UK and the US.
- From the analysis, it is concluded that costs have dropped by 80 per cent in India.
-
Question 5 of 5
5. Question
1 pointsConsider the following statements with respect to the Electronic nicotine delivery systems (ENDS):
1. ENDS of which electronic cigarettes are the most common prototype, are devices that do not burn or use tobacco leaves but instead vaporize a solution the user then inhales.
2. The main constituents of the solution consist of nicotine, propylene glycol, with or without glycerol and flavoring agents.
3. ENDS are safer to use and does not have any health hazard.
Which of the given statements is/are correct?Correct
Electronic nicotine delivery systems (ENDS)
• ENDS of which electronic cigarettes are the most common prototype, are devices that do not burn or use tobacco leaves but instead vaporize a solution the user then inhales.
• The main constituents of the solution, in addition to nicotine when nicotine is present, are propylene glycol, with or without glycerol and flavoring agents.
• ENDS solutions and emissions contain other chemicals, some of them considered to be toxicants.
• Use of ENDS or e-cigarettes has documented adverse effects on humans, which include DNA damage; carcinogenic, cellular, molecular and immunological toxicity; respiratory, cardiovascular and neurological disorders; and adverse impact on fetal development and pregnancy.
• ICMR noted that e-cigarettes and other such devices contained not only nicotine solution, which was highly addictive, but also harmful ingredients such as flavoring agents and vaporizers.Incorrect
Electronic nicotine delivery systems (ENDS)
• ENDS of which electronic cigarettes are the most common prototype, are devices that do not burn or use tobacco leaves but instead vaporize a solution the user then inhales.
• The main constituents of the solution, in addition to nicotine when nicotine is present, are propylene glycol, with or without glycerol and flavoring agents.
• ENDS solutions and emissions contain other chemicals, some of them considered to be toxicants.
• Use of ENDS or e-cigarettes has documented adverse effects on humans, which include DNA damage; carcinogenic, cellular, molecular and immunological toxicity; respiratory, cardiovascular and neurological disorders; and adverse impact on fetal development and pregnancy.
• ICMR noted that e-cigarettes and other such devices contained not only nicotine solution, which was highly addictive, but also harmful ingredients such as flavoring agents and vaporizers.
Kindly provide links from where questions have been framed.
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International Monetary Fund IMF G20 seminar on financial innovation- Our Future in the Digital Age
Christine Lagarde, managing director of the International Monetary Fund (IMF), speaks at the Group of 20 (G-20) high-level seminar on financial innovation “Our Future in the Digital Age”, on the sidelines of the G-20 finance ministers and central bank governors meeting in Fukuoka, Japan
#IMF #G20 #Fintech #EasyCredit #Lagarde #Japan #Fukuoka #G20Summit #China #india
https://tinyurl.com/yxjrfpor
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