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10 PM Quiz: August 6, 2020
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- Question 1 of 10
1. Question
1 pointsConsider the following statements regarding the Higher Education Financing Agency (HEFA):
- It is a statutory body under the Ministry of Education.
- It provides finance at competitive interest rates to educational institutions and supplements it with grants by channelizing CSR funds.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. Higher Education Financing Agency (HEFA) is a joint venture of Ministry of Education, Government of India and Canara Bank.
HEFA is registered under Section 8 [Not-for-profit] under the Companies Act 2013 as a Union Govt company and as Non–deposit taking NBFC with RBI.
Statement 2 is correct. HEFA Vision: To enable India’s premier educational institutions to excel and reach the top in global rankings by financing building world class infrastructure including R&D Infra.
HEFA Mission: To provide timely finance at competitive interest rates for capital assets creation in India’s educational institutions and supplement it with grants by channelizing CSR funds from the corporate and donations from others.
Incorrect
Statement 1 is incorrect. Higher Education Financing Agency (HEFA) is a joint venture of Ministry of Education, Government of India and Canara Bank.
HEFA is registered under Section 8 [Not-for-profit] under the Companies Act 2013 as a Union Govt company and as Non–deposit taking NBFC with RBI.
Statement 2 is correct. HEFA Vision: To enable India’s premier educational institutions to excel and reach the top in global rankings by financing building world class infrastructure including R&D Infra.
HEFA Mission: To provide timely finance at competitive interest rates for capital assets creation in India’s educational institutions and supplement it with grants by channelizing CSR funds from the corporate and donations from others.
- Question 2 of 10
2. Question
1 pointsConsider the following statements regarding the Parivar Pehchan Patra Yojna:
- It has been launched by Ministry of Home Affairs as an extension to the Aadhaar UID.
- It is to be mandatory for families availing benefits under Union government schemes.
Which of the statements given above is/are correct?
Correct
Both statements are incorrect.
The Parivar Pehchan Patra Yojna is a unique initiative of Government of Haryana in which each family will be considered a single unit and allotted an 8-digit unique identification number.
It is mandatory for each family to register themselves on the Parivar Pehchan Patra portal in order to avail the benefits of social security schemes of the state government. The Haryana government has also made it mandatory for its employees to go for this scheme, failing which their salaries may also be withheld.
Telangana, Karnataka and Andhra Pradesh are also exploring the possibility of implementing a similar project.
Incorrect
Both statements are incorrect.
The Parivar Pehchan Patra Yojna is a unique initiative of Government of Haryana in which each family will be considered a single unit and allotted an 8-digit unique identification number.
It is mandatory for each family to register themselves on the Parivar Pehchan Patra portal in order to avail the benefits of social security schemes of the state government. The Haryana government has also made it mandatory for its employees to go for this scheme, failing which their salaries may also be withheld.
Telangana, Karnataka and Andhra Pradesh are also exploring the possibility of implementing a similar project.
- Question 3 of 10
3. Question
1 pointsConsider the following statements regarding the Ammonium nitrate:
- It has utility in making explosives and fertilizers.
- It does not burn on its own but acts as a source of oxygen that can accelerate the combustion of other materials.
Which of the statements given above is/are correct?
Correct
Both statements are correct.
Ammonium nitrate (NH4NO3) is a crystal-like white solid which is made in large industrial quantities. Its major use is as a source of nitrogen for fertilizer and is also used to create explosives for mining.
Ammonium nitrate does not burn on its own. Instead, it acts as a source of oxygen that can accelerate the combustion (burning) of other materials.
At high enough temperatures ammonium nitrate can violently decompose on its own. This process creates gases including nitrogen oxides and water vapour. It is this rapid release of gases that causes an explosion.
Incorrect
Both statements are correct.
Ammonium nitrate (NH4NO3) is a crystal-like white solid which is made in large industrial quantities. Its major use is as a source of nitrogen for fertilizer and is also used to create explosives for mining.
Ammonium nitrate does not burn on its own. Instead, it acts as a source of oxygen that can accelerate the combustion (burning) of other materials.
At high enough temperatures ammonium nitrate can violently decompose on its own. This process creates gases including nitrogen oxides and water vapour. It is this rapid release of gases that causes an explosion.
- Question 4 of 10
4. Question
1 pointsThe Bru tribal community is a native of which following State?
Correct
The Brus, also known as Reangs, are spread across Tripura, Mizoram and southern Assam states in India.
Their clashes with the majority Mizos in 1995 led to the demand for the removal of the Brus (perceived to be non-indigenous) from Mizoram’s electoral rolls. This led to an armed movement by a Bru outfit, The retaliatory ethnic violence saw more than 40,000 Brus fleeing to adjoining Tripura where they took shelter in relief camps.
The Centre and the two State governments involved made several attempts to resettle the Brus in Mizoram and Tripura.
Incorrect
The Brus, also known as Reangs, are spread across Tripura, Mizoram and southern Assam states in India.
Their clashes with the majority Mizos in 1995 led to the demand for the removal of the Brus (perceived to be non-indigenous) from Mizoram’s electoral rolls. This led to an armed movement by a Bru outfit, The retaliatory ethnic violence saw more than 40,000 Brus fleeing to adjoining Tripura where they took shelter in relief camps.
The Centre and the two State governments involved made several attempts to resettle the Brus in Mizoram and Tripura.
- Question 5 of 10
5. Question
1 pointsWhich of the following exception(s) to the right to equality is/are provided under the Constitution of India?
- Special provisions for women and children.
- Special provisions for the advancement of any socially and educationally backward classes of citizens.
- Special provisions for the advancement of any economically weaker sections of citizens.
Select the correct answer using the code given below:
Correct
All of the above are provided for in the Constitution of India.
Article 15 provides for prohibition of discrimination on grounds of religion, race, caste, sex or place of birth.
Further article the clause 15(3) sates that nothing in this article shall prevent the State from making any special provision for women and children.
Clause 15(4) states that nothing in this article shall prevent the State from making any special provision for the advancement of any socially and educationally backward classes of citizens or for the Scheduled Castes and the Scheduled Tribes.
Clause 15(6)(a) states that nothing in this article shall prevent the State from making any special provision for the advancement of any economically weaker sections of citizens.
Incorrect
All of the above are provided for in the Constitution of India.
Article 15 provides for prohibition of discrimination on grounds of religion, race, caste, sex or place of birth.
Further article the clause 15(3) sates that nothing in this article shall prevent the State from making any special provision for women and children.
Clause 15(4) states that nothing in this article shall prevent the State from making any special provision for the advancement of any socially and educationally backward classes of citizens or for the Scheduled Castes and the Scheduled Tribes.
Clause 15(6)(a) states that nothing in this article shall prevent the State from making any special provision for the advancement of any economically weaker sections of citizens.
- Question 6 of 10
6. Question
1 pointsConsider the following statements regarding lending by the International Monetary Fund (IMF):
- IMF does not finance balance of payment needs of the industrialized and developed economies.
- IMF does not provide concessional financial support to any country.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. IMF loans are meant to help member countries tackle balance of payments problems, stabilize their economies, and restore sustainable economic growth.
Any member country, whether rich, middle-income, or poor, can turn to the IMF for financing if it has a balance of payments need.
Statement 2 is incorrect. All IMF members are eligible to access the Fund’s resources in the General Resources Account (GRA) on non-concessional terms, but the IMF also provides concessional financial support through the Poverty Reduction and Growth Trust (PRGT) which is better tailored to the diversity and needs of low-income countries.
Incorrect
Statement 1 is incorrect. IMF loans are meant to help member countries tackle balance of payments problems, stabilize their economies, and restore sustainable economic growth.
Any member country, whether rich, middle-income, or poor, can turn to the IMF for financing if it has a balance of payments need.
Statement 2 is incorrect. All IMF members are eligible to access the Fund’s resources in the General Resources Account (GRA) on non-concessional terms, but the IMF also provides concessional financial support through the Poverty Reduction and Growth Trust (PRGT) which is better tailored to the diversity and needs of low-income countries.
- Question 7 of 10
7. Question
1 pointsConsider the following statements regarding the Right to Freedom of Religion under the Constitution of India:
- The freedom is guaranteed to all persons subject to maintenance of public order, morality and health.
- State is empowered to regulate any economic, financial, political or other secular activity associated with religious practice.
Which of the statements given above is/are correct?
Correct
Both statements are correct.
Article 25, providing for the freedom of conscience and free profession, practice and propagation of religion, under clause 25(1) states that ‘subject to public order, morality and health and to the other provisions of this Part, all persons are equally entitled to freedom of conscience and the right freely to profess, practise and propagate religion’.
Similar exception is provided under article 26 regarding freedom to manage religious affairs.
Sub-clause 25(2)(a) provide for power of the state for making any law regulating or restricting any economic, financial, political or other secular activity which may be associated with religious practice.
Incorrect
Both statements are correct.
Article 25, providing for the freedom of conscience and free profession, practice and propagation of religion, under clause 25(1) states that ‘subject to public order, morality and health and to the other provisions of this Part, all persons are equally entitled to freedom of conscience and the right freely to profess, practise and propagate religion’.
Similar exception is provided under article 26 regarding freedom to manage religious affairs.
Sub-clause 25(2)(a) provide for power of the state for making any law regulating or restricting any economic, financial, political or other secular activity which may be associated with religious practice.
- Question 8 of 10
8. Question
1 pointsWhich of the following is the basic parameter for the annual FutureBrand Index Rankings?
Correct
The FutureBrand Index is a global brand perception study based on the PricewaterhouseCoopers’ (PwC) Global Top 100 Companies by market capitalisation. Now in its sixth year and fifth iteration, the ranking re-orders the PwC Top100 in terms of brand perception strength, rather than just financial strength.
Reliance Industries of India has ranked second after Apple in FutureBrand Index 2020. Its PWC 2020 position was 91.
Incorrect
The FutureBrand Index is a global brand perception study based on the PricewaterhouseCoopers’ (PwC) Global Top 100 Companies by market capitalisation. Now in its sixth year and fifth iteration, the ranking re-orders the PwC Top100 in terms of brand perception strength, rather than just financial strength.
Reliance Industries of India has ranked second after Apple in FutureBrand Index 2020. Its PWC 2020 position was 91.
- Question 9 of 10
9. Question
1 pointsWhich of the following state(s) produce GI-tag Basmati Rice in India?
- Punjab
- Uttarakhand
- Madhya Pradesh
Select the correct answer using the code given below:
Correct
In 2010, APEDA, a statutory body under the Ministry of Commerce, got GI tag certification for the Basmati rice grown in region located in Indo-Gangetic Plains (IGP) below the foothills of the Himalayas, spread across seven states — Himachal Pradesh, J&K, Punjab, Haryana, Uttarakhand, Western UP (26 districts) and Delhi.
Madhya Pradesh has been demanding inclusion of its 13 districts in the GI tag.
Incorrect
In 2010, APEDA, a statutory body under the Ministry of Commerce, got GI tag certification for the Basmati rice grown in region located in Indo-Gangetic Plains (IGP) below the foothills of the Himalayas, spread across seven states — Himachal Pradesh, J&K, Punjab, Haryana, Uttarakhand, Western UP (26 districts) and Delhi.
Madhya Pradesh has been demanding inclusion of its 13 districts in the GI tag.
- Question 10 of 10
10. Question
1 pointsWhich of the following country(s) is/are signatory to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT)?
- Afghanistan
- Iran
- Pakistan
Select the correct answer using the code given below:
Correct
Treaty on the Non-Proliferation of Nuclear Weapons (NPT) has an objective to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy and to further the goal of achieving nuclear disarmament and general and complete disarmament.
To further the goal of non-proliferation and as a confidence-building measure between States parties, the Treaty establishes a safeguards system under the responsibility of the International Atomic Energy Agency (IAEA).
Four UN member states have never signed the treaty: India, Israel, Pakistan, and South Sudan. North Korea acceded to the treaty in 1985, later declared its withdrawal from it in 2003.
Incorrect
Treaty on the Non-Proliferation of Nuclear Weapons (NPT) has an objective to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy and to further the goal of achieving nuclear disarmament and general and complete disarmament.
To further the goal of non-proliferation and as a confidence-building measure between States parties, the Treaty establishes a safeguards system under the responsibility of the International Atomic Energy Agency (IAEA).
Four UN member states have never signed the treaty: India, Israel, Pakistan, and South Sudan. North Korea acceded to the treaty in 1985, later declared its withdrawal from it in 2003.
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