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10 PM Quiz: October 11, 2018
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- Question 1 of 6
1. Question
1 pointsConsider the following statements about Prompt corrective action:
1) RBI introduces Prompt Corrective Action when the Bank’s financial conditions worsen below certain limits (trigger points).
2) The trigger points that invite corrective action from the central bank are: Capital to Risk weighted Asset Ratio (CRAR), Net Non-Performing Assets (NPA), Return on Assets (RoA) and Leverage ratio.
3) The PCA framework is applicable to commercial banks, co-operative banks, non-banking financial companies (NBFCs) and FMIs.
Which of the following statements is correct?
Correct
RBI introduces Prompt Corrective Action when the Bank’s financial conditions worsen below certain limits (trigger points).
The parameters (trigger points) that invite corrective action from the central bank are:
Capital to Risk weighted Asset Ratio (CRAR)
Net Non-Performing Assets (NPA)
Return on Assets (RoA)
Leverage ratio
The PCA framework is applicable only to commercial banks and not extended to co-operative banks, non-banking financial companies (NBFCs) and FMIs.
Incorrect
RBI introduces Prompt Corrective Action when the Bank’s financial conditions worsen below certain limits (trigger points).
The parameters (trigger points) that invite corrective action from the central bank are:
Capital to Risk weighted Asset Ratio (CRAR)
Net Non-Performing Assets (NPA)
Return on Assets (RoA)
Leverage ratio
The PCA framework is applicable only to commercial banks and not extended to co-operative banks, non-banking financial companies (NBFCs) and FMIs.
- Question 2 of 6
2. Question
1 pointsConsider the following about LIC:
1) Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai.
2) LIC was established by an Act of Parliament.
Which of the following statements is correct?
Correct
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai.
The Parliament of India passed the Life Insurance of India Act on 19 June 1956 creating the Life Insurance Corporation of India.
The nationalisation of the life insurance business in India was a result of the Industrial Policy Resolution of 1956, which had created a policy framework for extending state control over at least 17 sectors of the economy, including life insurance.
Incorrect
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai.
The Parliament of India passed the Life Insurance of India Act on 19 June 1956 creating the Life Insurance Corporation of India.
The nationalisation of the life insurance business in India was a result of the Industrial Policy Resolution of 1956, which had created a policy framework for extending state control over at least 17 sectors of the economy, including life insurance.
- Question 3 of 6
3. Question
1 pointsConsider the following statement regarding Section 126 of the Representation of the People Act, 1951
1) It prohibits public meeting during period of forty-eight hours ending with hour fixed for conclusion of poll.
2) It also prohibits displaying any election matter by means, inter alia, of television or similar apparatus, during the period of 48 hours before the hour fixed for conclusion of poll in a constituency.
Correct
Both statements are correct.
Section 126 of the Representation of the People, 1951, prohibits displaying any election matter by means, inter alia, of television or similar apparatus, during the period of 48 hours before the hour fixed for conclusion of poll in a constituency.
No person shall
- Display to the public any election matter by means of cinematograph, television or other similar apparatus.
- In any polling area during the period of forty-eight hours ending with the hour fixed for the conclusion of the poll for any election in the polling area.
- Any person who contravenes the provisions of subsection shall be punishable with imprisonment for a term which may extend to two years, or with fine, or with both.
- Section 126A of the R.P. Act 1951, which prohibits conduct of Exit poll and dissemination of their results during the period mentioned therein, in the hour fixed for commencement of polls in the first phase and half hour after the time fixed for close of poll for the last phase in all the States.
Incorrect
Both statements are correct.
Section 126 of the Representation of the People, 1951, prohibits displaying any election matter by means, inter alia, of television or similar apparatus, during the period of 48 hours before the hour fixed for conclusion of poll in a constituency.
No person shall
- Display to the public any election matter by means of cinematograph, television or other similar apparatus.
- In any polling area during the period of forty-eight hours ending with the hour fixed for the conclusion of the poll for any election in the polling area.
- Any person who contravenes the provisions of subsection shall be punishable with imprisonment for a term which may extend to two years, or with fine, or with both.
- Section 126A of the R.P. Act 1951, which prohibits conduct of Exit poll and dissemination of their results during the period mentioned therein, in the hour fixed for commencement of polls in the first phase and half hour after the time fixed for close of poll for the last phase in all the States.
- Question 4 of 6
4. Question
1 pointsThe Mahatma Gandhi International Sanitation Convention (MGISC-2018) will be organized by which union ministry.
Correct
Mahatma Gandhi International Sanitation Convention will be organized by Union Ministry of Drinking Water and Sanitation.
The Mahatma Gandhi International Sanitation Convention (MGISC) was a four-day international conference that brought together Sanitation Ministers and other leaders in WASH (Water, Sanitation and Hygiene) from around the world.
Incorrect
Mahatma Gandhi International Sanitation Convention will be organized by Union Ministry of Drinking Water and Sanitation.
The Mahatma Gandhi International Sanitation Convention (MGISC) was a four-day international conference that brought together Sanitation Ministers and other leaders in WASH (Water, Sanitation and Hygiene) from around the world.
- Question 5 of 6
5. Question
1 pointsConsider the following statement about bank merger
- Narasimham Committee on Banking Sector Reforms (1998) opposed any bank merger
- In India only public sector bank can merge. There is no provision of private bank merger.
Select the correct answer using the code given below.
Correct
The Committee recommended for merger of large Indian banks to make them strong enough for supporting international trade. Statement 1 is incorrect.
In India both Public and private sector banks can merge. Bank mergers are regulated under (Banking Regulation) Act, 1949. Statement 2 is incorrect.
Incorrect
The Committee recommended for merger of large Indian banks to make them strong enough for supporting international trade. Statement 1 is incorrect.
In India both Public and private sector banks can merge. Bank mergers are regulated under (Banking Regulation) Act, 1949. Statement 2 is incorrect.
- Question 6 of 6
6. Question
1 pointsConsider the following statements regarding UNISDR.
- It implements the International Strategy for Disaster Reduction (ISDR).
- Sendai and Hyogo framework are related to it.
Which of the following statements are correct.
Correct
UN office for Disaster Risk Reduction (UNISDR) was established in 1999 as a dedicated secretariat to facilitate the implementation of the International Strategy for Disaster Reduction (ISDR).
UNISDR works through multi-stakeholder coordination approach based on the relationship with national and local governments, intergovernmental organizations and civil society, including the private sectors etc.
The Sendai Framework for Disaster Risk Reduction 2015-2030 is the successor instrument to the Hyogo Framework for Action (HFA) 2005-2015: Building the Resilience of Nations and Communities to Disasters. It was adopted on March 18, 2015 at the World Conference on Disaster Risk Reduction held in Sendai, Japan.
Incorrect
UN office for Disaster Risk Reduction (UNISDR) was established in 1999 as a dedicated secretariat to facilitate the implementation of the International Strategy for Disaster Reduction (ISDR).
UNISDR works through multi-stakeholder coordination approach based on the relationship with national and local governments, intergovernmental organizations and civil society, including the private sectors etc.
The Sendai Framework for Disaster Risk Reduction 2015-2030 is the successor instrument to the Hyogo Framework for Action (HFA) 2005-2015: Building the Resilience of Nations and Communities to Disasters. It was adopted on March 18, 2015 at the World Conference on Disaster Risk Reduction held in Sendai, Japan.
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