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10 PM Quiz: December 15
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- Question 1 of 6
1. Question
1 pointsWith reference to “Asia Infrastructure Investment Bank”, recently in news, which of the following statement is/are correct?
- It’s objective is to provide finance to infrastructure development and regional connectivity projects in Asia.
- India is not a founding member of AIIB
Select the correct answer using the code given below.
Correct
Statement 1 is correct. The AIIB was established as a new multilateral financial institution aimed at providing “financial support for infrastructure development and regional connectivity in Asia.” It was founded in October, 2014, and has its headquarters in Beijing.
Statement 2 is incorrect. India is one of the founding members of AIIB
Incorrect
Statement 1 is correct. The AIIB was established as a new multilateral financial institution aimed at providing “financial support for infrastructure development and regional connectivity in Asia.” It was founded in October, 2014, and has its headquarters in Beijing.
Statement 2 is incorrect. India is one of the founding members of AIIB
- Question 2 of 6
2. Question
1 pointsVenezuela has recently launched ‘The Petro’, it is
Correct
Venezuelan has launched its own cryptocurrency, called the “Petro,” which will be backed by the country’s vast natural resource reserves. The country has also approved the creation of a Blockchain Base observatory to oversee the development and rollout of the new cryptocurrency.
Incorrect
Venezuelan has launched its own cryptocurrency, called the “Petro,” which will be backed by the country’s vast natural resource reserves. The country has also approved the creation of a Blockchain Base observatory to oversee the development and rollout of the new cryptocurrency.
- Question 3 of 6
3. Question
1 pointsConsider the following statements related to Cryptocurrency?
- Cryptocurrency is fundamentally a decentralised digital currency transferred directly between peers.
- Cryptocurrencies enable transfer of money without going through a banking system
Which of the above statement is/are correct?
Correct
Statement 1 is correct. Cryptocurrency is fundamentally a decentralised digital currency transferred directly between peers and the transactions are confirmed in a public ledger, accessible to all the users.
Statement 2 is correct. Cryptocurrencies enable transfer of money between parties, without going through a banking system
Incorrect
Statement 1 is correct. Cryptocurrency is fundamentally a decentralised digital currency transferred directly between peers and the transactions are confirmed in a public ledger, accessible to all the users.
Statement 2 is correct. Cryptocurrencies enable transfer of money between parties, without going through a banking system
- Question 4 of 6
4. Question
1 pointsWith reference to Agricultural Market Information System (AMIS), consider the following statements:
- It is a inter-agency platform to enhance food market transparency
- It provides a platform to coordinate policy action in times of market uncertainty.
- It is composed of G20 members only.
Which of the following statement(s) is/are correct?
Correct
The Agricultural Market Information System (AMIS) is an inter-agency platform to enhance food market transparency and policy response for food security. Thus, statement 1 is correct.
Bringing together the principal trading countries of agricultural commodities, AMIS assesses global food supplies (focusing on wheat, maize, rice and soybeans) and provides a platform to coordinate policy action in times of market uncertainty. Thus, statement 2 is correct.
AMIS is composed of G20 members plus Spain and seven additional major exporting and importing countries of agricultural commodities. Thus, statement 3 is incorrect.
Incorrect
The Agricultural Market Information System (AMIS) is an inter-agency platform to enhance food market transparency and policy response for food security. Thus, statement 1 is correct.
Bringing together the principal trading countries of agricultural commodities, AMIS assesses global food supplies (focusing on wheat, maize, rice and soybeans) and provides a platform to coordinate policy action in times of market uncertainty. Thus, statement 2 is correct.
AMIS is composed of G20 members plus Spain and seven additional major exporting and importing countries of agricultural commodities. Thus, statement 3 is incorrect.
- Question 5 of 6
5. Question
1 pointsWith reference to Atal Innovation Mission (AIM), consider the following statements:
- It creates an umbrella structure to oversee innovation ecosystem of the country.
- One of the core function of this mission is Entrepreneurship promotion through Financial assistance.
Which of the following statement(s) is/are incorrect?
Correct
AIM’s objective is to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platform and collaboration opportunities for different stakeholders create awareness and create an umbrella structure to oversee innovation ecosystem of the country. Thus, statement 1 is correct.
The Atal Innovation Mission shall have two core functions:
Entrepreneurship promotion through Self-Employment and Talent Utilization, wherein innovators would be supported and mentored to become successful entrepreneurs. Thus, statement 2 is incorrect.
Innovation promotion: to provide a platform where innovative ideas are generated
Incorrect
AIM’s objective is to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platform and collaboration opportunities for different stakeholders create awareness and create an umbrella structure to oversee innovation ecosystem of the country. Thus, statement 1 is correct.
The Atal Innovation Mission shall have two core functions:
Entrepreneurship promotion through Self-Employment and Talent Utilization, wherein innovators would be supported and mentored to become successful entrepreneurs. Thus, statement 2 is incorrect.
Innovation promotion: to provide a platform where innovative ideas are generated
- Question 6 of 6
6. Question
1 pointsWith reference to draft Financial Resolution and Deposit Insurance (FRDI) Bill, ‘Bail-in’ provision has been in news with reference to banking system, it is a tool for
Correct
A methods allows for a financial firm on the verge of failure to be rescued by internally restructuring its debt is known as bail-in.
Bail-in differs from a bail-out which involves funds being infused by external sources to resolve a firm. This includes a failing firm being rescued by the government.
Incorrect
A methods allows for a financial firm on the verge of failure to be rescued by internally restructuring its debt is known as bail-in.
Bail-in differs from a bail-out which involves funds being infused by external sources to resolve a firm. This includes a failing firm being rescued by the government.
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