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10 PM Quiz: February 26, 2018
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- Question 1 of 7
1. Question
1 pointsThe Union Cabinet has come up recently with the National Urban Housing Fund (NUHF). This fund is to be managed and controlled by
Correct
The Union Cabinet has come up recently with the National Urban Housing Fund (NUHF). An amount of Rs 60,000 crores has been allocated for the Fund. The Fund is to be managed and controlled by the Building Materials and Technological Promotion Council, which is an autonomous body registered under the Societies Registration Act of 1860 and is under the umbrella of the Ministry of Urban Affairs.
Incorrect
The Union Cabinet has come up recently with the National Urban Housing Fund (NUHF). An amount of Rs 60,000 crores has been allocated for the Fund. The Fund is to be managed and controlled by the Building Materials and Technological Promotion Council, which is an autonomous body registered under the Societies Registration Act of 1860 and is under the umbrella of the Ministry of Urban Affairs.
- Question 2 of 7
2. Question
1 pointsThe area known as ‘Galkynysh Gas Field’ sometimes appears in the news is located in:
Correct
The Galkynysh Gas Field, formerly known as Iolotan gas field or South Yolotan – Osman field, is a large natural gas field near Ýolöten in Mary Province of Turkmenistan. It is the world’s second-largest gas field.
The TAPI gas pipeline project is proposed trans-country natural gas pipeline from Caspian Sea, Turkmenistan to India through Afghanistan and Pakistan.
The pipeline begins from Turkmenistan’s Galkynysh field (formally known as South Yoiotan Osman) that has gas reserves are 16 trillion cubic feet. The estimated construction cost of the project is 10 billion US dollars and is being funded by Asian Development Bank (ADB).
Incorrect
The Galkynysh Gas Field, formerly known as Iolotan gas field or South Yolotan – Osman field, is a large natural gas field near Ýolöten in Mary Province of Turkmenistan. It is the world’s second-largest gas field.
The TAPI gas pipeline project is proposed trans-country natural gas pipeline from Caspian Sea, Turkmenistan to India through Afghanistan and Pakistan.
The pipeline begins from Turkmenistan’s Galkynysh field (formally known as South Yoiotan Osman) that has gas reserves are 16 trillion cubic feet. The estimated construction cost of the project is 10 billion US dollars and is being funded by Asian Development Bank (ADB).
- Question 3 of 7
3. Question
1 pointsWith reference to Banking Ombudsman Scheme, consider the following statements:
- This scheme was introduced under Section 35 A of the RBI Act of 1934 with effect from 1949.
- This scheme provides bank customers expeditious and inexpensive resolution of their complaints relating to certain services rendered by banks.
- This scheme is not applicable for Regional Rural Banks and Scheduled Primary Co-operative Banks.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.
Statement 2 is correct. The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks.
Statement 3 is incorrect. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.
Recently, RBI has launched ‘Ombudsman Scheme’ for non-banking financial companies (NBFC) for redressal of complaints against them. The offices of the NBFC ombudsmen will function at four metro centres — Chennai, Kolkata, Mumbai and New Delhi.
Incorrect
Statement 1 is incorrect. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.
Statement 2 is correct. The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks.
Statement 3 is incorrect. All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.
Recently, RBI has launched ‘Ombudsman Scheme’ for non-banking financial companies (NBFC) for redressal of complaints against them. The offices of the NBFC ombudsmen will function at four metro centres — Chennai, Kolkata, Mumbai and New Delhi.
- Question 4 of 7
4. Question
1 pointsWhich one of the following is the best description of ‘Rustom 2’, that was in the news recently?
Correct
Rustom 2 drone is a medium-altitude, long-endurance unmanned aerial vehicle, developed on the lines of predator drones of the United States.
India’s Defence Research and Development Organisation or the DRDO successfully tested its heavy duty drone named Rustom 2.
Rustom 2 drone is a medium-altitude, long-endurance unmanned aerial vehicle, developed on the lines of predator drones of the United States. The objective of this drone is to carry out surveillance for the armed forces with an endurance of 24 hours.
Rustom 2 is capable of carrying different combinations of payloads like synthetic aperture radar, electronic intelligence systems and situational awareness payloads.
Incorrect
Rustom 2 drone is a medium-altitude, long-endurance unmanned aerial vehicle, developed on the lines of predator drones of the United States.
India’s Defence Research and Development Organisation or the DRDO successfully tested its heavy duty drone named Rustom 2.
Rustom 2 drone is a medium-altitude, long-endurance unmanned aerial vehicle, developed on the lines of predator drones of the United States. The objective of this drone is to carry out surveillance for the armed forces with an endurance of 24 hours.
Rustom 2 is capable of carrying different combinations of payloads like synthetic aperture radar, electronic intelligence systems and situational awareness payloads.
- Question 5 of 7
5. Question
1 pointsWhich of the following statements is/are correct about London interbank offered rate (LIBOR)?
- It is a benchmark rate used by most of the world’s leading banks to charge each other for short-term loans.
- It is administered by the British Business Bank.
Select the correct answer using the code given below.
Correct
Statement 1 is correct. LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate, which some of the world’s leading banks charge each other for short-term loans. It stands for Intercontinental Exchange London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world.
Statement 2 is incorrect. LIBOR is administered by the ICE Benchmark Administration (IBA). It is computed for five currencies with seven different maturities ranging from overnight to a year. The five currencies for which LIBOR is computed are Swiss franc, euro, pound sterling, Japanese yen and US dollar. ICE benchmark administration consists of 11 to 18 banks that contribute for each currency.
Incorrect
Statement 1 is correct. LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate, which some of the world’s leading banks charge each other for short-term loans. It stands for Intercontinental Exchange London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world.
Statement 2 is incorrect. LIBOR is administered by the ICE Benchmark Administration (IBA). It is computed for five currencies with seven different maturities ranging from overnight to a year. The five currencies for which LIBOR is computed are Swiss franc, euro, pound sterling, Japanese yen and US dollar. ICE benchmark administration consists of 11 to 18 banks that contribute for each currency.
- Question 6 of 7
6. Question
1 pointsRecently, our scientists have discovered a new plant species named Drypetes kalamii. In which Indian states has it been discovered?
Correct
Scientists from Botanical Survey of India (BSI) have identified new plant species named Drypetes kalamii from Buxa and Jaldapara National Parks in West Bengal. It has been named after former President of India, Dr APJ Kalam. The new species is close relative of medicinal plant known in Sanskrit as Putrajivah.
Incorrect
Scientists from Botanical Survey of India (BSI) have identified new plant species named Drypetes kalamii from Buxa and Jaldapara National Parks in West Bengal. It has been named after former President of India, Dr APJ Kalam. The new species is close relative of medicinal plant known in Sanskrit as Putrajivah.
- Question 7 of 7
7. Question
1 pointsWhich of the following is/are objective(s) of Rashtriya Krishi Vikas Yojana?
- To incentivize the states that increase their investment in Agriculture and allied sectors
- To increase the production of cash crops over food grains
- To address the agriculture and allied sectors in an integrated manner
- To provide flexibility and autonomy to the States in planning and executing programmes for agriculture
Select the correct answer using the code given below.
Correct
The objects of National Agriculture Development Programme (RKVY) are:
- To incentivize the states that increase their investment in Agriculture and allied sectors
- To provide flexibility and autonomy to the States in planning and executing programmes for agriculture
- To ensure the preparation of Agriculture Plans for the districts and states
- To achieve the goal of reducing the yield gaps in important crops
- To maximize returns to the farmers
- To address the agriculture and allied sectors in an integrated manner
Incorrect
The objects of National Agriculture Development Programme (RKVY) are:
- To incentivize the states that increase their investment in Agriculture and allied sectors
- To provide flexibility and autonomy to the States in planning and executing programmes for agriculture
- To ensure the preparation of Agriculture Plans for the districts and states
- To achieve the goal of reducing the yield gaps in important crops
- To maximize returns to the farmers
- To address the agriculture and allied sectors in an integrated manner
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