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10 PM Quiz: December 22
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- Question 1 of 6
1. Question
1 pointsWith reference to Kisan Credit Card, consider the following statements:
- The credit limit provided to the farmers do not consider credit history of the farmers.
- In case of a bad crop season it does not offer relaxation in payment of credit taken.
Which of the following statement(s) is/are correct?
Correct
It simplifies the multi-layered credit evaluation process of urban centric credit schemes. The credit limit is based on the land holding, income and credit history of the farmer. Thus, statement 1 is incorrect.
Offers flexible repayment schedule after the harvest season and enables rescheduling of payments in case of a bad crop season. Thus, statement 2 is incorrect
Incorrect
It simplifies the multi-layered credit evaluation process of urban centric credit schemes. The credit limit is based on the land holding, income and credit history of the farmer. Thus, statement 1 is incorrect.
Offers flexible repayment schedule after the harvest season and enables rescheduling of payments in case of a bad crop season. Thus, statement 2 is incorrect
- Question 2 of 6
2. Question
1 pointsWith reference to Non-Banking Financial Company (NBFC), consider the following statements:
- It can accept deposits under any government scheme.
- It does not finance institutions whose principal business is that of agriculture activity.
Which of the following statement(s) is/are correct?
Correct
A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company). Thus statement 1 is correct.
A Non-Banking Financial Company (NBFC) does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. Thus statement 2 is correct.
Incorrect
A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company). Thus statement 1 is correct.
A Non-Banking Financial Company (NBFC) does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. Thus statement 2 is correct.
- Question 3 of 6
3. Question
1 pointsWith reference to Methanol, consider the following statements:
- It is produced naturally.
- It is not only fit for external use but also for consumption.
Which of the following statement(s) is/are correct?
Correct
Methanol is produced naturally in the anaerobic metabolism of many varieties of bacteria and is commonly present in small amounts in the environment. Thus, statement 2 is correct.
Unlike ethanol, methanol is highly toxic and unfit for consumption. Thus, statement 2 is incorrect.
Incorrect
Methanol is produced naturally in the anaerobic metabolism of many varieties of bacteria and is commonly present in small amounts in the environment. Thus, statement 2 is correct.
Unlike ethanol, methanol is highly toxic and unfit for consumption. Thus, statement 2 is incorrect.
- Question 4 of 6
4. Question
1 pointsWith reference to Swachh Iconic Places (SIP), consider the following statements:
- It aims to clean up places across India which has special significance.
- It is administered in association with the Ministry of Tourism.
Which of the following statement(s) is/are incorrect?
Correct
Under the inspiration of Hon’ble Prime Minister, the Ministry has taken up a multi-stakeholder initiative focusing on cleaning up 100 places across India that are “iconic” due to their heritage, religious and/or cultural significance. Thus, statement 1 is correct.
This initiative is in partnership with Ministries of Urban Development, Tourism and Culture with MDWS being the nodal ministry. Thus, statement 2 is correct.
Incorrect
Under the inspiration of Hon’ble Prime Minister, the Ministry has taken up a multi-stakeholder initiative focusing on cleaning up 100 places across India that are “iconic” due to their heritage, religious and/or cultural significance. Thus, statement 1 is correct.
This initiative is in partnership with Ministries of Urban Development, Tourism and Culture with MDWS being the nodal ministry. Thus, statement 2 is correct.
- Question 5 of 6
5. Question
1 pointsWith reference to Smart Cities Mission, consider the following statements:
- It is primarily an urban renewal program for existing cities
- All Indian states and Union territories has participated in the mission except West Bengal.
Which of the following statement(s) is/are correct?
Correct
Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. Thus, statement 1 is correct.
It is a five-year program, where all of the Indian states and Union territories are participating except West Bengal. Thus, statement 2 is correct.
Incorrect
Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. Thus, statement 1 is correct.
It is a five-year program, where all of the Indian states and Union territories are participating except West Bengal. Thus, statement 2 is correct.
- Question 6 of 6
6. Question
1 pointsWith reference to micro finance, consider the following statements:
- It finances business which doesn’t have access to traditional sources of capital.
- Even though it is smaller than traditional banks but it has a higher interest rates.
Which of the following statement(s) is/are incorrect?
Correct
Microfinance, also known as microcredit, is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don’t have access to traditional sources of capital, like banks or investors. The goal of microfinancing is to provide individuals with money to invest in themselves or their business. Thus, statement 1 is correct.
Microfinance is smaller than traditional bank loans, but they have much higher interest rates. Thus, statement 2 is correct.
Incorrect
Microfinance, also known as microcredit, is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don’t have access to traditional sources of capital, like banks or investors. The goal of microfinancing is to provide individuals with money to invest in themselves or their business. Thus, statement 1 is correct.
Microfinance is smaller than traditional bank loans, but they have much higher interest rates. Thus, statement 2 is correct.
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