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10 PM Quiz: October 9, 2018
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- Question 1 of 6
1. Question
1 pointsConsider the following about Open market operations:
- Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.
- The central bank can either buy or sell government bonds in the open market.
- Selling of securities inject money into the banking system.
Which of the following statement is/are correct?
Correct
Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.
The central bank can either buy or sell government bonds in the open market.
Purchase of securities inject money into the banking system by infusing liquidity, whereas selling of securities absorbs the circulating money.
Incorrect
Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.
The central bank can either buy or sell government bonds in the open market.
Purchase of securities inject money into the banking system by infusing liquidity, whereas selling of securities absorbs the circulating money.
- Question 2 of 6
2. Question
1 pointsConsider the following statements about Kotak committee on Corporate Governance:
- Roles of chairman and managing director at listed firms should be separated and chairmanship should be limited to only non-executive directors.
- Minimum board strength should be increased to 6 members.
- At least half of the board members to be independent directors.
Which of the following statement is/are correct?
Correct
Roles of chairman and managing director at listed firms should be separated and chairmanship should be limited to only non-executive directors.
Minimum board strength should be increased to 6 members.
At least half of the board members to be independent directors with at least one woman independent director.
Independent directors must get minimum remuneration of Rs 5 lakh per annum and sitting fee of Rs 20,000-50,000 for each board meet.
Updated list of all credit ratings obtained by the listed entity must be made available at one place, which would be very helpful for investors and other stakeholders.
Incorrect
Roles of chairman and managing director at listed firms should be separated and chairmanship should be limited to only non-executive directors.
Minimum board strength should be increased to 6 members.
At least half of the board members to be independent directors with at least one woman independent director.
Independent directors must get minimum remuneration of Rs 5 lakh per annum and sitting fee of Rs 20,000-50,000 for each board meet.
Updated list of all credit ratings obtained by the listed entity must be made available at one place, which would be very helpful for investors and other stakeholders.
- Question 3 of 6
3. Question
1 pointsConsider the following statements regarding Katowice Climate Change Conference.
- It is the 25th session of the Conference of the Parties (COP 25) to the UNFCCC.
- It is expected to finalize the rules for implementation of the Kigali Amendment of Montreal Protocol.
Which of the following statements are not correct.
Correct
The Katowice Climate Change Conference will include the 24th session of the Conference of the Parties (COP 24) to the UNFCCC.
- It is expected to finalize the rules for implementation of the Paris Agreement on climate change under the Paris Agreement work programme (PAWP).
- The so called Kigali Amendment which amends the 1987 Montreal Protocol aims to phase out Hydrofluorocarbons (HFCs), a family of potent greenhouse gases by the late 2040s.
- Under Kigali Amendment, in all 197 countries, including India have agreed to a timeline to reduce the use of HFCs by roughly 85% of their baselines by 2045.
Incorrect
The Katowice Climate Change Conference will include the 24th session of the Conference of the Parties (COP 24) to the UNFCCC.
- It is expected to finalize the rules for implementation of the Paris Agreement on climate change under the Paris Agreement work programme (PAWP).
- The so called Kigali Amendment which amends the 1987 Montreal Protocol aims to phase out Hydrofluorocarbons (HFCs), a family of potent greenhouse gases by the late 2040s.
- Under Kigali Amendment, in all 197 countries, including India have agreed to a timeline to reduce the use of HFCs by roughly 85% of their baselines by 2045.
- Question 4 of 6
4. Question
1 pointsConsider the following statements regarding Nobel Prize 2018 in Economics.
- It has been awarded to Richard H. Thaler for his contributions to behavioural economics.
- It is officially called as The Sveriges Riksbank Prize.
Which of the following statements are correct.
Correct
Nobel Prize 2018 in Economic Sciences (The Sveriges Riksbank Prize) was divided equally between William D. Nordhaus and Paul M. Romer. William D. Nordhaus has contributed “for integrating climate change into long-run macroeconomic analysis. Paul M. Romer has integrated technological innovations into long-run macroeconomic analysis.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was established in 1968 by the Bank of Sweden, and it was first awarded in 1969, more than 60 years after the distribution of the first Nobel Prizes.
Although not technically a Nobel Prize, the Prize in Economic Sciences is identified with the award; its winners are announced with the Nobel Prize recipients, and it is presented at the Nobel Prize Award Ceremony. It is conferred by the Royal Swedish Academy of Sciences in Stockholm.
Incorrect
Nobel Prize 2018 in Economic Sciences (The Sveriges Riksbank Prize) was divided equally between William D. Nordhaus and Paul M. Romer. William D. Nordhaus has contributed “for integrating climate change into long-run macroeconomic analysis. Paul M. Romer has integrated technological innovations into long-run macroeconomic analysis.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was established in 1968 by the Bank of Sweden, and it was first awarded in 1969, more than 60 years after the distribution of the first Nobel Prizes.
Although not technically a Nobel Prize, the Prize in Economic Sciences is identified with the award; its winners are announced with the Nobel Prize recipients, and it is presented at the Nobel Prize Award Ceremony. It is conferred by the Royal Swedish Academy of Sciences in Stockholm.
- Question 5 of 6
5. Question
1 pointsRepresentation of Peoples Act 1951 (RPA Act 1951) provided for the following:
- Delimitation of constituencies.
- Allocation of seats in the Parliament and state legislatures.
- Registration of political parties.
- Election offences.
Correct
Representation of Peoples Act 1951 (RPA Act 1951) provides for the following
- Actual conduct of elections.
- Administrative machinery for conducting elections.
- Poll.
- Election offences.
- Election disputes.
- By-elections.
- Registration of political parties.
Representation of Peoples Act 1950 (RPA Act 1950) provides for the following :
- Qualification of voters.
- Preparation of electoral rolls.
- Delimitation of constituencies.
- Allocation of seats in the Parliament and state legislatures.
Incorrect
Representation of Peoples Act 1951 (RPA Act 1951) provides for the following
- Actual conduct of elections.
- Administrative machinery for conducting elections.
- Poll.
- Election offences.
- Election disputes.
- By-elections.
- Registration of political parties.
Representation of Peoples Act 1950 (RPA Act 1950) provides for the following :
- Qualification of voters.
- Preparation of electoral rolls.
- Delimitation of constituencies.
- Allocation of seats in the Parliament and state legislatures.
- Question 6 of 6
6. Question
1 pointsConsider the following statement regarding Deen Dayal Scholarship for Promotion of Aptitude and Research in Stamps as a Hobby (SPARSH)
- Union Ministry of Human Resource and Development has launched the scheme
- It is a pan India scholarship program for school children to increase the reach of Philately.
Correct
Statement 1 is wrong – SPARSH stands for Scholarship for Promotion of Aptitude & Research in Stamps as a Hobby.The Union Ministry of Communications has launched Deen Dayal SPARSH Yojana, a pan India scholarship program for school children to increase the research.
Statement 2 is correct – It is a pan India scholarship program for school children to increase the reach of Philately.
Under the scheme, annual scholarships will be awarded to children of Standard VI to IX having good academic record and also pursuing Philately as hobby through competitive selection process in all postal circles.
Government will award 920 scholarships to students pursuing Philately as hobby.
The amount of Scholarship will be Rs. 6000/- per annum @ Rs. 500/- per month.
Incorrect
Statement 1 is wrong – SPARSH stands for Scholarship for Promotion of Aptitude & Research in Stamps as a Hobby.The Union Ministry of Communications has launched Deen Dayal SPARSH Yojana, a pan India scholarship program for school children to increase the research.
Statement 2 is correct – It is a pan India scholarship program for school children to increase the reach of Philately.
Under the scheme, annual scholarships will be awarded to children of Standard VI to IX having good academic record and also pursuing Philately as hobby through competitive selection process in all postal circles.
Government will award 920 scholarships to students pursuing Philately as hobby.
The amount of Scholarship will be Rs. 6000/- per annum @ Rs. 500/- per month.