10 PM Quiz: March 1, 2018
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- Question 1 of 7
1. Question
1 pointsRegarding ‘Prime Minister’s Employment Generation Programme (PMEGP)’, which of the following statements is/are correct?
- It is a credit linked subsidy programme.
- Only Individuals not a group i.e. Self Help Groups and Charitable Trusts can participate in this program.
- It is administered by National Skill Development Corporation (NSDC).
Select the correct answer using the code given below.
Correct
Statement 1 is correct. PMEGP is a new credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008, namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.
Statement 2 is incorrect. Individuals above 18 years of age can participate in this scheme. Self Help Groups and Charitable Trusts are allowed to participate.
Statement 3 is incorrect. PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME).
Khadi and Village Industries Commission (KVIC) is nodal implementation agency at national level. At State and district level, State offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.
Incorrect
Statement 1 is correct. PMEGP is a new credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008, namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.
Statement 2 is incorrect. Individuals above 18 years of age can participate in this scheme. Self Help Groups and Charitable Trusts are allowed to participate.
Statement 3 is incorrect. PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME).
Khadi and Village Industries Commission (KVIC) is nodal implementation agency at national level. At State and district level, State offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.
- Question 2 of 7
2. Question
1 pointsConsider the following statements about Asian Infrastructure Investment Bank (AIIB):
- It is an arm of Asian Development Bank.
- It is Headquartered in Beijing, China.
- India is a member of it.
Which of the above statements is/are correct?
Correct
Statement 1 is incorrect. AIIB is a multilateral development bank initiated by China not an arm of Asian Development Bank. Its purpose is to provide finance to infrastructure development and regional connectivity projects in the Asia-Pacific region. It was officially established in December 2015 and opened for business in January 2016.
The Asian Development Bank (ADB) is an international development finance institution dedicated to reducing poverty in Asia and the Pacific through loans, grants, research and technical assistance to its member countries, as well as investments in private companies.
Statement 2 is correct. AIIB is headquartered in Beijing.
Statement 3 is correct. India is a regional member of AIIB.
Incorrect
Statement 1 is incorrect. AIIB is a multilateral development bank initiated by China not an arm of Asian Development Bank. Its purpose is to provide finance to infrastructure development and regional connectivity projects in the Asia-Pacific region. It was officially established in December 2015 and opened for business in January 2016.
The Asian Development Bank (ADB) is an international development finance institution dedicated to reducing poverty in Asia and the Pacific through loans, grants, research and technical assistance to its member countries, as well as investments in private companies.
Statement 2 is correct. AIIB is headquartered in Beijing.
Statement 3 is correct. India is a regional member of AIIB.
- Question 3 of 7
3. Question
1 pointsIn which among the following Indian cities, the nation’s first Aviation Multi Skill Development Centre (MSDC) has been established?
Correct
India’s first Aviation Multi Skill Development Centre (MSDC) was launched at Chandigarh Airport’s old terminal, Chandigarh. The Centre is a CSR initiative of Airports Authority of India (AAI).
The Centre was established in collaboration with National Skill Development Corporation (NSDC). It is supported by Aerospace and Aviation Sector Skill Council (AASSC) of India. It will impart training based on course curriculum and assessments designed by AASSC in accordance with National Skill Qualification Framework (NSQF). It will train about 2,400 youth and women in 8 aviation job roles over next 3 years.
Incorrect
India’s first Aviation Multi Skill Development Centre (MSDC) was launched at Chandigarh Airport’s old terminal, Chandigarh. The Centre is a CSR initiative of Airports Authority of India (AAI).
The Centre was established in collaboration with National Skill Development Corporation (NSDC). It is supported by Aerospace and Aviation Sector Skill Council (AASSC) of India. It will impart training based on course curriculum and assessments designed by AASSC in accordance with National Skill Qualification Framework (NSQF). It will train about 2,400 youth and women in 8 aviation job roles over next 3 years.
- Question 4 of 7
4. Question
1 pointsIndia’s ranking in the ‘Ease of Doing Business Index’ is sometimes seen in the news. Which of the following has declared that ranking?
Correct
The World Bank issues the ‘Ease of Doing Business Index’. As per the latest World Bank’s Doing Business ranking 2017, India’s position had improved by 30 places to 100th. The government wants India to figure within top 50 in the coming years. In the 2018-19 Budget speech, Finance Minister Arun Jaitley had mentioned that to further improve ease of doing business, the government has identified 372 action points for states which they will carry out in a mission mode.
The Union Commerce and Industry ministry has appointed four institutes to interact with stakeholders and suggest measures to push India’s ranking in World Bank’s Ease of Doing Business Index. They are National Institute of Construction Management and Research (NICMAR), Indian Institute of Foreign Trade (IIFT), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI).
Incorrect
The World Bank issues the ‘Ease of Doing Business Index’. As per the latest World Bank’s Doing Business ranking 2017, India’s position had improved by 30 places to 100th. The government wants India to figure within top 50 in the coming years. In the 2018-19 Budget speech, Finance Minister Arun Jaitley had mentioned that to further improve ease of doing business, the government has identified 372 action points for states which they will carry out in a mission mode.
The Union Commerce and Industry ministry has appointed four institutes to interact with stakeholders and suggest measures to push India’s ranking in World Bank’s Ease of Doing Business Index. They are National Institute of Construction Management and Research (NICMAR), Indian Institute of Foreign Trade (IIFT), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI).
- Question 5 of 7
5. Question
1 pointsRegarding Financial Intelligence Unit – India (FIU-IND), which of the following statements is/are correct?
- It was founded in 2012 after the occurrence of Sahara India Pariwar investor fraud case.
- It is responsible for coordinating and strengthening efforts of national and international intelligence agencies in pursuing the global efforts against money laundering and related crimes.
- It is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
Select the correct answer using the code given below.
Correct
Statement 1 is incorrect. Financial Intelligence Unit – India (FIU-IND) was set by the Government of India vide O.M. dated 18th November 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
Statement 2 is correct. FIU-IND responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes.
Statement 3 is correct. FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
Incorrect
Statement 1 is incorrect. Financial Intelligence Unit – India (FIU-IND) was set by the Government of India vide O.M. dated 18th November 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
Statement 2 is correct. FIU-IND responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes.
Statement 3 is correct. FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
- Question 6 of 7
6. Question
1 pointsConsider the following sectors:
- Agriculture
- Export Credit
- Mining of minerals
- Social Infrastructure
- Renewable Energy
Which of the above sectors are listed under priority sector lending in India?
Correct
Mining sector has not been listed as a priority sector by the RBI for lending purposes.
As on July 24, 2017, Priority Sector includes the following categories:
- Agriculture
- Micro, Small and Medium Enterprises
- Export Credit
- Education
- Housing
- Social Infrastructure
- Renewable Energy
- Others
Incorrect
Mining sector has not been listed as a priority sector by the RBI for lending purposes.
As on July 24, 2017, Priority Sector includes the following categories:
- Agriculture
- Micro, Small and Medium Enterprises
- Export Credit
- Education
- Housing
- Social Infrastructure
- Renewable Energy
- Others
- Question 7 of 7
7. Question
1 pointsIndia’s ranking in the ‘Inclusive Internet Index’ is recently in the news. Which of the following has prepared this index?
Correct
The recently released ‘Inclusive Internet Index’ has been prepared by the Economist Intelligence Unit (EIU).
The EIU is a British business within the Economist Group, providing forecasting and advisory services through research and analysis.
India was ranked 47th out of 86 countries in Inclusive Internet Index (III) 2018 report. India has slipped by 11 positions compared to 36th rank in 2017 III report due to low internet usage and poor quality.
The report was commissioned by Facebook in 2017 and is conducted by The Economist Intelligence Unit (EIU). It provides rigorous benchmark of national-level Internet inclusion across four categories:
Availability, Affordability, Relevance and Readiness.
2018 edition of report has covered 91% of the world’s population and expanded data set of 86 countries, up from 75 countries in 2017.
Incorrect
The recently released ‘Inclusive Internet Index’ has been prepared by the Economist Intelligence Unit (EIU).
The EIU is a British business within the Economist Group, providing forecasting and advisory services through research and analysis.
India was ranked 47th out of 86 countries in Inclusive Internet Index (III) 2018 report. India has slipped by 11 positions compared to 36th rank in 2017 III report due to low internet usage and poor quality.
The report was commissioned by Facebook in 2017 and is conducted by The Economist Intelligence Unit (EIU). It provides rigorous benchmark of national-level Internet inclusion across four categories:
Availability, Affordability, Relevance and Readiness.
2018 edition of report has covered 91% of the world’s population and expanded data set of 86 countries, up from 75 countries in 2017.
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