10 PM Quiz: December 14, 2018
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- Question 1 of 6
1. Question
1 pointsWith reference to the Telecom Regulatory Authority of India (TRAI), consider the following statements;
- TRAI is a statutory body set up by the Government of India under the Telecom Regulatory Authority of India Act, 1997.
- TRAI exercises both regulatory and dispute resolution related functions.
Which of the above statement(s) is/are correct?
Correct
TRAI is a statutory body set up by the Government of India under the Telecom Regulatory Authority of India Act, 1997. It is the regulator of the telecommunications sector in India. However, it does not exercise dispute resolution functions. TDSAT, set up in 2000 through the TRAI (Amendment) Act, 2000 is mandated to adjudicate disputes and dispose of appeals. Therefore, only statement 1 is correct.
Incorrect
TRAI is a statutory body set up by the Government of India under the Telecom Regulatory Authority of India Act, 1997. It is the regulator of the telecommunications sector in India. However, it does not exercise dispute resolution functions. TDSAT, set up in 2000 through the TRAI (Amendment) Act, 2000 is mandated to adjudicate disputes and dispose of appeals. Therefore, only statement 1 is correct.
- Question 2 of 6
2. Question
1 pointsThe practice of a firm selling a product at a very low price with the intention of driving competitors out of the market is known as-
Correct
Predatory Pricing is the practice of a firm selling a product at very low price with the intention of driving competitors out of the market, or create barriers to entry into the market for potential new competitors.
Additional Information
- Premium Decoy Pricing is a method of pricing where an organization artificially sets one product price high, in order to boost sales of a lower priced product.
- Penetration pricing includes setting the price low with the goals of attracting customers and gaining market share. The price will be raised later once this market share is gained.
- Decoy Pricing is a method of pricing where the seller offers at least three products, and where two of them have a similar or equal price.
Incorrect
Predatory Pricing is the practice of a firm selling a product at very low price with the intention of driving competitors out of the market, or create barriers to entry into the market for potential new competitors.
Additional Information
- Premium Decoy Pricing is a method of pricing where an organization artificially sets one product price high, in order to boost sales of a lower priced product.
- Penetration pricing includes setting the price low with the goals of attracting customers and gaining market share. The price will be raised later once this market share is gained.
- Decoy Pricing is a method of pricing where the seller offers at least three products, and where two of them have a similar or equal price.
- Question 3 of 6
3. Question
1 pointsConsider the following statements
- India is the largest user of groundwater resources in the world.
- Industrial along with domestic & drinking usage account for the highest annual groundwater extraction in India
Which of the above statement(S) is/are incorrect?
Correct
According to the Ministry of Water Resources (MoWR), India is the largest user of groundwater resources in the world. Groundwater extraction in India is primarily for irrigation in agricultural activities, accounting for 90% of the annual groundwater extraction. The remaining 10% of extraction (25 BCM) is for drinking & domestic as well as industrial uses. Therefore, statement 2 is incorrect.
Incorrect
According to the Ministry of Water Resources (MoWR), India is the largest user of groundwater resources in the world. Groundwater extraction in India is primarily for irrigation in agricultural activities, accounting for 90% of the annual groundwater extraction. The remaining 10% of extraction (25 BCM) is for drinking & domestic as well as industrial uses. Therefore, statement 2 is incorrect.
- Question 4 of 6
4. Question
1 pointsWith reference to National Commission for Protection of Child Rights, consider the following statements.
1) National Commission for Protection of Child Rights (NCPCR) is an autonomous and independent body.
2) National Commission can inquire into any matter which is pending before a State Commission for Protection of Child Rights or any other statutory commission.
Which of the following statements is/are correct?
Correct
The National Commission for Protection of Child Rights (NCPCR) was set up in March 2007 under the Commissions for Protection of Child Rights (CPCR) Act, 2005, an Act of Parliament (December 2005). National Commission for Protection of Child Rights (NCPCR) is a statutory body under the Commissions for Protection of Child Rights (CPCR) Act, 2005 under the administrative control of the Ministry of Women & Child Development ,Government of India.
National Commission is prohibited from inquiring into any matter which is pending before a State Commission for Protection of Child Rights or any other statutory commission.
Incorrect
The National Commission for Protection of Child Rights (NCPCR) was set up in March 2007 under the Commissions for Protection of Child Rights (CPCR) Act, 2005, an Act of Parliament (December 2005). National Commission for Protection of Child Rights (NCPCR) is a statutory body under the Commissions for Protection of Child Rights (CPCR) Act, 2005 under the administrative control of the Ministry of Women & Child Development ,Government of India.
National Commission is prohibited from inquiring into any matter which is pending before a State Commission for Protection of Child Rights or any other statutory commission.
- Question 5 of 6
5. Question
1 pointsWith reference to Latest Global Wage Report of International Labour Organization’s (ILO), consider the following statements.
1) Global wage growth in 2017 was lower as compared to growth in 2016.
2) Countries with the lowest levels of wage inequality are found among the high-income group, whereas countries with the highest levels of wage inequality are found in the low- and middle-income groups.
Which of the following statements is/are incorrect?
Correct
Major Finding of the reports:
Lowest wage growth globally in 2017 since 2008
Global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008, remaining far below the levels obtaining before the global financial crisis.
Global wage growth in real terms (that is, adjusted for price inflation) has declined from 2.4 per cent in 2016 to just 1.8 per cent in 2017.
Wage inequality highest in low-income countries
The report finds that the countries with the lowest levels of wage inequality are found among the high-income group, whereas countries with the highest levels of wage inequality are found in the low- and middle-income groups.
Incorrect
Major Finding of the reports:
Lowest wage growth globally in 2017 since 2008
Global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008, remaining far below the levels obtaining before the global financial crisis.
Global wage growth in real terms (that is, adjusted for price inflation) has declined from 2.4 per cent in 2016 to just 1.8 per cent in 2017.
Wage inequality highest in low-income countries
The report finds that the countries with the lowest levels of wage inequality are found among the high-income group, whereas countries with the highest levels of wage inequality are found in the low- and middle-income groups.
- Question 6 of 6
6. Question
1 pointsWith reference Pradhan Mantri Jan Vikas Karyakram (PMJVK), consider the following statements.
1) It is organised by the Ministry of Skill Development And Entrepreneurship.
2) Pradhan Mantri Jan Vikas Karyakram (PMJVK) seeks to provide better socio-economic infrastructure facilities to the minority communities particularly in the field of education, health & skill development.
Which of the following statements is/are correct ?
Correct
It is organised by the Ministry of Minority Affairs.
The erstwhile Multi-sectoral Development Programme (MsDP) has been restructured and renamed as Pradhan Mantri Jan Vikas Karyakram for effective implementation. The restructured scheme is to be implemented during the remaining period of the 14th Finance Commission ie. March 31, 2020.
Incorrect
It is organised by the Ministry of Minority Affairs.
The erstwhile Multi-sectoral Development Programme (MsDP) has been restructured and renamed as Pradhan Mantri Jan Vikas Karyakram for effective implementation. The restructured scheme is to be implemented during the remaining period of the 14th Finance Commission ie. March 31, 2020.
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