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10 PM Quiz: June 25, 2018
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- Question 1 of 6
1. Question
1 pointsWith reference to “ Chilika Lake”, which of the following statement is/are correct?
- Chilika lake is a brackish water lagoon in Madhya Pradesh.
- It is largest coastal lagoon in India and the second largest coastal lagoon in the world after The New Caledonian barrier reef in New Caledonia.
Select the correct answer using the code given below.
Correct
Statement 1 is incorrect: Chilika lake is a brackish water lagoon, spread over the Puri, Khurda and Ganjam district of Odisha at the mouth of Daya River, flowing into the Bay of Bengal.
Statement 2 is correct: It is largest coastal lagoon in India and the second largest coastal lagoon in the world after The New Caledonian barrier reef in New Caledonia. It is the largest wintering ground for migratory birds on the Indian Sub-Continent.
Incorrect
Statement 1 is incorrect: Chilika lake is a brackish water lagoon, spread over the Puri, Khurda and Ganjam district of Odisha at the mouth of Daya River, flowing into the Bay of Bengal.
Statement 2 is correct: It is largest coastal lagoon in India and the second largest coastal lagoon in the world after The New Caledonian barrier reef in New Caledonia. It is the largest wintering ground for migratory birds on the Indian Sub-Continent.
- Question 2 of 6
2. Question
1 pointsWith reference to OPEC nations, which of the following statement is/are incorrect?
- OPEC is an intergovernmental organization of 22 nations founded in Baghdad.
- Iran, Kuwait, Iraq, Saudi Arabia, and Libya are its first five members.
Select the incorrect answer using the code given below.
Correct
Statement 1 is incorrect: OPEC is an intergovernmental organization of 15 nations as of June 2018, founded in 1960 in Baghdad. As of 2018, the 15 countries accounted for an estimated 44% of global oil production and 81.5 percent of the world’s oil reserves.
Statement 2 is incorrect: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela are its first five members.Headquarter since 1965 in Vienna, Austria.
Incorrect
Statement 1 is incorrect: OPEC is an intergovernmental organization of 15 nations as of June 2018, founded in 1960 in Baghdad. As of 2018, the 15 countries accounted for an estimated 44% of global oil production and 81.5 percent of the world’s oil reserves.
Statement 2 is incorrect: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela are its first five members.Headquarter since 1965 in Vienna, Austria.
- Question 3 of 6
3. Question
1 pointsWith reference to ‘Asian Infrastructure Investment Bank(AIIB)’, which of the following statement is/are correct?
- AIIB has 96 countries as its member’s states from around the world.
- Its aim is to support the building of infrastructure in the Asia Pacific region.
- Major economies that are not member include Japan, Mexico, Nigeria , and United States.
Select the correct answer using the code given below.
Correct
Statement 1 is incorrect: AIIB currently has 84 countries as its members.
Statement 2 is correct: AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia Pacific region. The bank started operation after the agreement entered into force on 25 December 2015.
Statement 3 is correct: Major economies that are not member include Japan, Mexico, Nigeria , and United States.
Incorrect
Statement 1 is incorrect: AIIB currently has 84 countries as its members.
Statement 2 is correct: AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia Pacific region. The bank started operation after the agreement entered into force on 25 December 2015.
Statement 3 is correct: Major economies that are not member include Japan, Mexico, Nigeria , and United States.
- Question 4 of 6
4. Question
1 pointsIndia recently has agreed to institute a Coordinated Patrol (CORPAT), as an annual feature of Navy. Which of the following country is involved in this ?
Correct
India and Bangladesh have agreed to institute a Coordinated Patrol (CORPAT) as an annual feature between the two Navies. It is aimed to consolidate bilateral defense relations between India and Bangladesh and to explore new avenues for naval cooperation.
Incorrect
India and Bangladesh have agreed to institute a Coordinated Patrol (CORPAT) as an annual feature between the two Navies. It is aimed to consolidate bilateral defense relations between India and Bangladesh and to explore new avenues for naval cooperation.
- Question 5 of 6
5. Question
1 pointsConsider the following statements
- Repo rate is the rate of interest offered by RBI, when banks deposit their surplus funds with the RBI for short periods.
- A high Cash Reserve Ratio (CRR) means banks have less to lend or invest
Which of the above statements is/ are correct?
Correct
Repo rate is the rate at which RBI lends money to commercial banks against securities in case commercial banks fall short of funds. The reverse repo rate is the rate of interest offered by RBI when banks deposit their surplus funds with the RBI for short periods. Therefore Statement 1 is incorrect
CRR is the percentage of a bank’s total deposit that needs to be kept as cash with the RBI. A high percentage means banks have less to lend or invest. Low percentage of CRR means more money to lend or invest. Therefore, statement 2 is correct.
Incorrect
Repo rate is the rate at which RBI lends money to commercial banks against securities in case commercial banks fall short of funds. The reverse repo rate is the rate of interest offered by RBI when banks deposit their surplus funds with the RBI for short periods. Therefore Statement 1 is incorrect
CRR is the percentage of a bank’s total deposit that needs to be kept as cash with the RBI. A high percentage means banks have less to lend or invest. Low percentage of CRR means more money to lend or invest. Therefore, statement 2 is correct.
- Question 6 of 6
6. Question
1 pointsWith reference to Socio-economic caste census -2011(SECC), consider the following statements
- The Socio-economic caste census is a is a study of socio economic status of rural areas only
- Respondent based canvasser method has been adopted for the survey
Which of the above statement(s) is/are incorrect?
Correct
SECC 2011is a study of socio economic status of rural and urban households and allows ranking of households based on predefined parameters. Therefore, statement 1 is incorrect.
Respondent based canvasser method is adopted in the survey. Under this method, the enumerator visits every household and canvasses the questionnaire. The responses of the persons are noted down without any verification. Therefore, statement 2 is correct
Incorrect
SECC 2011is a study of socio economic status of rural and urban households and allows ranking of households based on predefined parameters. Therefore, statement 1 is incorrect.
Respondent based canvasser method is adopted in the survey. Under this method, the enumerator visits every household and canvasses the questionnaire. The responses of the persons are noted down without any verification. Therefore, statement 2 is correct
