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10 PM Quiz: February 2, 2019
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- Question 1 of 10
1. Question
1 pointsPCA(Prompt Corrective Actions) framework is triggered when a bank breaches
- Minimum Capital
- Return on Asset
- Quantum of non-performing assets
Select the correct answer using the code given below
Correct
What is Prompt Corrective Action?
To ensure that banks don’t go bust, RBI has put in place some trigger points to assess, monitor, control and take corrective actions on banks which are weak and troubled. The process or mechanism under which such actions are taken is known as Prompt Corrective Action, or PCA.
The PCA is triggered when banks breach certain regulatory requirements like minimum capital, return on asset and quantum of non-performing assets.
Incorrect
What is Prompt Corrective Action?
To ensure that banks don’t go bust, RBI has put in place some trigger points to assess, monitor, control and take corrective actions on banks which are weak and troubled. The process or mechanism under which such actions are taken is known as Prompt Corrective Action, or PCA.
The PCA is triggered when banks breach certain regulatory requirements like minimum capital, return on asset and quantum of non-performing assets.
- Question 2 of 10
2. Question
1 pointsConsider the following statements on caste census:
- The first census of 1872 collected information about caste.
- Hashim and Saxena committee laid down the parameters for Socio economic caste census.
Which of the statements given above is/are incorrect?
Correct
Statement 1 is correct- The first census of 1872 collected information about caste. The 1872 and 1881 censuses attempted to classify people fundamentally according to the varna system.
Statement 2 is correct- SECC uses the parameters laid down by the S R Hashim committee (urban area) and NC saxena committee (Rural area). They recommended various classification of households.
Incorrect
Statement 1 is correct- The first census of 1872 collected information about caste. The 1872 and 1881 censuses attempted to classify people fundamentally according to the varna system.
Statement 2 is correct- SECC uses the parameters laid down by the S R Hashim committee (urban area) and NC saxena committee (Rural area). They recommended various classification of households.
- Question 3 of 10
3. Question
1 pointsConsider the following statement regarding vision for India in 2030:
1.Transforming India into a maximum government, minimum governance nation.
2.Expanding rural industrialisation using modern digital technologies to generate massive employment.
Which of the statements given above is/are incorrect?
Correct
Statement 1 is incorrect- “Minimum Government, Maximum Governance” is the tenth dimension of vision for india 2030, with proactive, responsible, friendly bureaucracy and electronic governance.
Statement 2 is correct- Expanding rural industrialisation using modern digital technologies to generate massive employment is the fourth dimension of vision for india 2030 .This will be built upon this government’s flagship ‘Make in India’ programme to develop grass-roots level clusters, structures and mechanisms, encompassing the MSMEs, village industries and start-ups.
Incorrect
Statement 1 is incorrect- “Minimum Government, Maximum Governance” is the tenth dimension of vision for india 2030, with proactive, responsible, friendly bureaucracy and electronic governance.
Statement 2 is correct- Expanding rural industrialisation using modern digital technologies to generate massive employment is the fourth dimension of vision for india 2030 .This will be built upon this government’s flagship ‘Make in India’ programme to develop grass-roots level clusters, structures and mechanisms, encompassing the MSMEs, village industries and start-ups.
- Question 4 of 10
4. Question
1 pointsConsider the following statements regarding Pradhan Mantri Shram-Yogi Maandhan:
- It is a social security pension scheme .
- It will benefit workers from both Organised and Unorganised sectors.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct- Budget 2019, announced the launch of a social security pension scheme for workers in the unorganised sector, called the ‘Pradhan Mantri Shram Yogi Mandhan.
Statement 2 is incorrect-Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to ₹15,000. It will provide them a monthly pension of ₹3,000 from the age of 60.workers will contribute an amount ranging from ₹55 to ₹100 each month, depending on their age, at the time of joining the scheme, while the government will deposit a matching contribution
Incorrect
Statement 1 is correct- Budget 2019, announced the launch of a social security pension scheme for workers in the unorganised sector, called the ‘Pradhan Mantri Shram Yogi Mandhan.
Statement 2 is incorrect-Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to ₹15,000. It will provide them a monthly pension of ₹3,000 from the age of 60.workers will contribute an amount ranging from ₹55 to ₹100 each month, depending on their age, at the time of joining the scheme, while the government will deposit a matching contribution
- Question 5 of 10
5. Question
1 pointsconsider the following statements regarding National Social Assistance Programme (NSAP):
- It is a pension scheme administered by the Ministry of Rural Development.
- It is a significant step towards the fulfillment of the Directive Principles of State Policy(DPSP).
Which of the statements given above is/are correct?
Correct
Statement 1 is correct- The National Social Assistance Programme (NSAP), a pension scheme administered by the Ministry of Rural Development, had originally been allocated ₹9,975 crore in the 2018-19 Budget. For 2019-20, the scheme’s allocation has been cut to ₹9,200 crore, a drop of ₹775 crore.
Statement 2 is correct-The National Social Assistance Programme(NSAP) which came into effect from 15th August,1995 represents a significant step towards the fulfillment of the Directive Principles in Article 41 of the Constitution. The programme introduced a National Policy for Social Assistance for the poor and aims at ensuring minimum national standard for social assistance in addition to the benefits that states are currently providing or might provide in future.
Incorrect
Statement 1 is correct- The National Social Assistance Programme (NSAP), a pension scheme administered by the Ministry of Rural Development, had originally been allocated ₹9,975 crore in the 2018-19 Budget. For 2019-20, the scheme’s allocation has been cut to ₹9,200 crore, a drop of ₹775 crore.
Statement 2 is correct-The National Social Assistance Programme(NSAP) which came into effect from 15th August,1995 represents a significant step towards the fulfillment of the Directive Principles in Article 41 of the Constitution. The programme introduced a National Policy for Social Assistance for the poor and aims at ensuring minimum national standard for social assistance in addition to the benefits that states are currently providing or might provide in future.
- Question 6 of 10
6. Question
1 pointsConsider the following statements regarding Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):
- It will be fully funded by the Union government.
- It will benefit more than 12 crore farming families which own cultivable land up to 5 hectares.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct-The scheme is applicable with retrospective effect from December 2018 and will be fully funded by the Union government.
Statement 2 is incorrect-Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), will benefit more than 12 crore farming families which own cultivable land up to 2 hectares. The annual support of ₹6,000 will be paid directly into beneficiary bank accounts over the course of the year in three instalments of ₹2,000 each.
Incorrect
Statement 1 is correct-The scheme is applicable with retrospective effect from December 2018 and will be fully funded by the Union government.
Statement 2 is incorrect-Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), will benefit more than 12 crore farming families which own cultivable land up to 2 hectares. The annual support of ₹6,000 will be paid directly into beneficiary bank accounts over the course of the year in three instalments of ₹2,000 each.
- Question 7 of 10
7. Question
1 pointsConsider the following statements regarding Fiscal Deficit:
1.It is defined as the excess of total receipts of the government over the total non-debt creating receipts
2.It is used as a summary indicator of the macroeconomic impact of the budget in several industrialized countries
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect- Fiscal Deficit is defined as the excess of total expenditure of the government over the total non-debt creating receipts.
Statement 2 is correct- Fiscal Deficit is widely used as a summary indicator of the macroeconomic impact of the budget in several industrialized countries. This measure has been adopted by the IMF as the principal policy target in their programmes. In India, the government began to report the fiscal deficit only after 1991.
Incorrect
Statement 1 is incorrect- Fiscal Deficit is defined as the excess of total expenditure of the government over the total non-debt creating receipts.
Statement 2 is correct- Fiscal Deficit is widely used as a summary indicator of the macroeconomic impact of the budget in several industrialized countries. This measure has been adopted by the IMF as the principal policy target in their programmes. In India, the government began to report the fiscal deficit only after 1991.
- Question 8 of 10
8. Question
1 pointsConsider the following statements on the interim budget in India:
- It can be presented by all governments whether incumbent or regular.
- It is a complete set of accounts, including both expenditure and receipts.
Which of the statements given above is/are correct?
Correct
Both the statements are correct
vote-on-account deals only with the expenditure side of the government’s budget however the interim budget is a complete set of accounts, including both expenditure and receipts.
Interim Budgets also can be presented by all governments whether incumbent or regular or caretaker, however, Interim Budget becomes of special importance when it is presented by an outgoing government in the election year.
Incorrect
Both the statements are correct
vote-on-account deals only with the expenditure side of the government’s budget however the interim budget is a complete set of accounts, including both expenditure and receipts.
Interim Budgets also can be presented by all governments whether incumbent or regular or caretaker, however, Interim Budget becomes of special importance when it is presented by an outgoing government in the election year.
- Question 9 of 10
9. Question
1 pointsConsider the following statements on triple talaq:
- It means the pronouncement of the word ‘talaq’ thrice in one sitting by a muslim man to his wife is an irrevocable divorce.
- Triple Talaq bill has considered it as a non-cognizable offence, attracting up to three years’ imprisonment with a fine.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct
It refers to the practice under Muslim personal laws where pronouncement of the word ‘talaq’ thrice in one sitting by a Muslim man to his wife results into an irrevocable divorce
Statement 2 is incorrect
Triple talaq bill makes it a cognizable offence,attracting up to three years’ imprisonment with a fine
Incorrect
Statement 1 is correct
It refers to the practice under Muslim personal laws where pronouncement of the word ‘talaq’ thrice in one sitting by a Muslim man to his wife results into an irrevocable divorce
Statement 2 is incorrect
Triple talaq bill makes it a cognizable offence,attracting up to three years’ imprisonment with a fine
- Question 10 of 10
10. Question
1 pointsConsider the following statements regarding IceBridge:
- It has been started by European Space Agency.
- It is an airborne campaign that studies connections between the polar regions and the global climate.
Which of the statements given above is/are incorrect?
Correct
Statement 1 is incorrect- It has been started by NASA.
Statement 2 is correct-NASA’s Operation IceBridge, an airborne campaign beginning in 2010 that studies connections between the polar regions and the global climate.
Incorrect
Statement 1 is incorrect- It has been started by NASA.
Statement 2 is correct-NASA’s Operation IceBridge, an airborne campaign beginning in 2010 that studies connections between the polar regions and the global climate.