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10 PM Quiz: February 8, 2019
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- Question 1 of 7
1. Question
1 pointsConsider the following statements about PM-KISAN scheme:
- This is a direct cash transfer scheme for farmers in which Rs 2000 will be paid every quarter irrespective of the productivity of farm land.
- The 12 crore proposed beneficiaries include small and marginal landholding farmers and landless farmers.
Which of the statements given above is/are correct?
Correct
PM KISAN would provide Rs 2000 quarterly to all small and marginal landholding famers only, not landless or tenant farmers. The scheme is a direct income support to farmers and does not depend on the productivity of the farm land.
Incorrect
PM KISAN would provide Rs 2000 quarterly to all small and marginal landholding famers only, not landless or tenant farmers. The scheme is a direct income support to farmers and does not depend on the productivity of the farm land.
- Question 2 of 7
2. Question
1 pointsWhich of the following can be a corollary of improved Ease of Doing Business in a country, keeping other macro-economic variables constant:
- Higher private capital expenditure.
- Crowding out of private investment.
- Higher GDP growth.
- Reduced Current Account Deficit.
Select the correct answer using the code given below:
Correct
Crowding out of private investment happens when the economy undergoes high fiscal deficit and government uses private funds to fill the deficit. The other three options are right as improved business climate will bring more funds, both domestic and foreign, into the economy and lead to reduced CAD and higher growth.
Incorrect
Crowding out of private investment happens when the economy undergoes high fiscal deficit and government uses private funds to fill the deficit. The other three options are right as improved business climate will bring more funds, both domestic and foreign, into the economy and lead to reduced CAD and higher growth.
- Question 3 of 7
3. Question
1 pointsConsider the following statements about Human Development Index:
- HDI considers people and their capabilities as a more important criterion for assessing development than economic growth.
- The standard of living dimension in HDI is measured through net national income per capita.
Which of the above statement(s) is/are correct:
Correct
HDI places more emphasis on people and their capability improvement than just economic growth. The standard of living dimension in HDI is measured through gross national income (GNI) per capita not net national income.
Incorrect
HDI places more emphasis on people and their capability improvement than just economic growth. The standard of living dimension in HDI is measured through gross national income (GNI) per capita not net national income.
- Question 4 of 7
4. Question
1 pointsConsider the following about Environment Performance Index (EPI)
- EPI is an annual report on performance of countries on environment related factors released under UNEP.
- India’s overall low ranking was linked to India’s poor performance in air pollution linked policy-making and resulting deaths.
Which of the above statement(s) is/are correct:
Correct
EPI is a biennial report by Yale and Columbia Universities along with the World Economic Forum. India’s overall low ranking — 177 among 180 countries — was linked to poor performance in the environment health policy and deaths due to air pollution categories.
Incorrect
EPI is a biennial report by Yale and Columbia Universities along with the World Economic Forum. India’s overall low ranking — 177 among 180 countries — was linked to poor performance in the environment health policy and deaths due to air pollution categories.
- Question 5 of 7
5. Question
1 pointsRecently a meeting ‘Moscow Format’ was held in Moscow, Russia for which of the following reasons:
Correct
Moscow format was a meeting organized in November, 2018 by Russia in which world leaders, including Taliban officials, were invited for discussing Afghan peace process. India was represented unofficially in the meeting by retired diplomats.
Incorrect
Moscow format was a meeting organized in November, 2018 by Russia in which world leaders, including Taliban officials, were invited for discussing Afghan peace process. India was represented unofficially in the meeting by retired diplomats.
- Question 6 of 7
6. Question
1 pointsConsider the following statements about Prompt Corrective Action Framework:
- PCA guidelines specify actions to be taken by banks in case of change in capital adequacy and/or profitability or when cyber banking theft is encountered by banks.
- The PCA framework would apply without exception to all banks operating in India including small banks and foreign banks.
Which of the above statement(s) is/are correct:
Correct
PCA guidelines don’t speak anything about actions to be taken in cases of cyber theft, hence first statement is wrong. Second statement is right about applicability of PCA to different types of banks.
Incorrect
PCA guidelines don’t speak anything about actions to be taken in cases of cyber theft, hence first statement is wrong. Second statement is right about applicability of PCA to different types of banks.
- Question 7 of 7
7. Question
1 pointsWith reference to Project Sashakt, consider the following statements.
- Project Sashakt was proposed by a panel led by Reserve Bank of India
- It suggested bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 180 days.
Select the statement which is/are correct
Correct
Project Sashakt was proposed by a panel led by PNB chairmen.It suggested bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90 days. For bad loans of ₹ 50-500 crore, banks will enter an inter-creditor agreement, authorizing the lead bank to implement a resolution plan in 180 days, or refer the asset to NCLT. For loans above ₹ 500 crore, the panel recommended an independent asset management company , supported by institutional funding through the Alternative Investment Fund.
Incorrect
Project Sashakt was proposed by a panel led by PNB chairmen.It suggested bad loans of up to ₹ 50 crore will be managed at the bank level, with a deadline of 90 days. For bad loans of ₹ 50-500 crore, banks will enter an inter-creditor agreement, authorizing the lead bank to implement a resolution plan in 180 days, or refer the asset to NCLT. For loans above ₹ 500 crore, the panel recommended an independent asset management company , supported by institutional funding through the Alternative Investment Fund.
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