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10 PM Quiz: March 29, 2018
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- Question 1 of 7
1. Question
1 pointsConsider the following statements about National Skill Development Fund:
- It was set up in 2009.
- It aims at raising funds both from Government and Non-Government sectors.
- It is operated and managed by the Ministry of Skill Development and Entrepreneurship.
Which of the above statements is/are correct?
Correct
Statements 1 and 2 are correct. The National Skill Development Fund was set up in 2009 by the Government of India for raising funds both from Government and Non-Government sectors for skill development in the country. The Fund is contributed by various Government sources, and other donors/ contributors to enhance, stimulate and develop the skills of Indian youth by various sector specific programs.
Statement 3 is incorrect. A public Trust set up by the Government of India is the custodian of the Fund. The Trust accepts donation, contribution in cash or kind from the Contributors for furtherance of objectives of the Fund. The Fund is operated and managed by the Board of Trustees. The Chief Executive Officer of the Trust is responsible for day-to-day administration and management of the Trust.
Incorrect
Statements 1 and 2 are correct. The National Skill Development Fund was set up in 2009 by the Government of India for raising funds both from Government and Non-Government sectors for skill development in the country. The Fund is contributed by various Government sources, and other donors/ contributors to enhance, stimulate and develop the skills of Indian youth by various sector specific programs.
Statement 3 is incorrect. A public Trust set up by the Government of India is the custodian of the Fund. The Trust accepts donation, contribution in cash or kind from the Contributors for furtherance of objectives of the Fund. The Fund is operated and managed by the Board of Trustees. The Chief Executive Officer of the Trust is responsible for day-to-day administration and management of the Trust.
- Question 2 of 7
2. Question
1 pointsWith reference to Minimum Export Price (MEP), consider the following statements:
- It is the price below which an exporter is not allowed to export the commodity from India.
- It is imposed when there is a drastic fall in the wholesale price of a commodity in the domestic market.
Which of the above statements is/are correct?
Correct
Statement 1 is correct.
Minimum Export Price (MEP) is the price below which an exporter is not allowed to export the commodity from India.
Statement 2 is incorrect. MEP is imposed in view of the rising domestic retail / wholesale price or production disruptions in the country.
MEP is a kind of quantitative restriction to trade. As per a 2005 study by OECD, around 14 of the WTO members had adopted a Minimum Export Price Policy.
Government fixes MEP for the selected commodities with a view to arrest domestic price rise and augment domestic supply. This is intended to be imposed for short durations and is removed when situations change. The removal of MEP helps farmers / exporters in realising better and remunerative prices and would also help in earning valuable foreign exchange for the country.
Incorrect
Statement 1 is correct.
Minimum Export Price (MEP) is the price below which an exporter is not allowed to export the commodity from India.
Statement 2 is incorrect. MEP is imposed in view of the rising domestic retail / wholesale price or production disruptions in the country.
MEP is a kind of quantitative restriction to trade. As per a 2005 study by OECD, around 14 of the WTO members had adopted a Minimum Export Price Policy.
Government fixes MEP for the selected commodities with a view to arrest domestic price rise and augment domestic supply. This is intended to be imposed for short durations and is removed when situations change. The removal of MEP helps farmers / exporters in realising better and remunerative prices and would also help in earning valuable foreign exchange for the country.
- Question 3 of 7
3. Question
1 pointsWhat is K2-229b, recently in the news?
Correct
Scientists using Kepler 2 telescope have discovered hot, metallic, Earth-sized planet named K2-229b orbiting dwarf star located 260 million light years away. They had employed Doppler spectroscopy technique also known as ‘wobble method‘ to discover and characterise this faraway planet.
K2-229b planet is almost 20% larger than Earth but has mass which is over two-and-a-half times greater. It is located very close to its host star (0.012 AU, around a hundredth of the distance between Earth and Sun), which itself is medium-sized active K dwarf in Virgo Constellation.
Incorrect
Scientists using Kepler 2 telescope have discovered hot, metallic, Earth-sized planet named K2-229b orbiting dwarf star located 260 million light years away. They had employed Doppler spectroscopy technique also known as ‘wobble method‘ to discover and characterise this faraway planet.
K2-229b planet is almost 20% larger than Earth but has mass which is over two-and-a-half times greater. It is located very close to its host star (0.012 AU, around a hundredth of the distance between Earth and Sun), which itself is medium-sized active K dwarf in Virgo Constellation.
- Question 4 of 7
4. Question
1 pointsThe Bank for Investment and Development (EBID) is financial institution of
Correct
The Bank for Investment and Development (EBID), is the financial institution established by the 15 Member States of the Economic Community of West African States (ECOWAS) comprising Benin, Burkina Faso, Capo Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. The Bank’s headquarters is in Lome, Togolese Republic.
The Export-Import Bank of India (Exim Bank) has inked line of credit (LoC) agreement with Bank for Investment and Development (EBID) to provide US $500 million credit facility to fund various development projects in 15-member countries of Economic Community of West African States (ECOWAS) region in western-south Africa.
Incorrect
The Bank for Investment and Development (EBID), is the financial institution established by the 15 Member States of the Economic Community of West African States (ECOWAS) comprising Benin, Burkina Faso, Capo Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. The Bank’s headquarters is in Lome, Togolese Republic.
The Export-Import Bank of India (Exim Bank) has inked line of credit (LoC) agreement with Bank for Investment and Development (EBID) to provide US $500 million credit facility to fund various development projects in 15-member countries of Economic Community of West African States (ECOWAS) region in western-south Africa.
- Question 5 of 7
5. Question
1 pointsConsider the following statements about Indus Water Treaty:
- It was brokered by the United Nations.
- According to the treaty, Beas, Indus and Sutlej are to be governed by India.
Which of the above statements is/are correct?
Correct
Statement 1 is incorrect. The Indus Water Treaty was brokered by the World Bank.
Statement 2 is incorrect. According to the treaty, Beas, Ravi and Sutlej are to be governed by India, while, Indus, Chenab and Jhelum are to be taken care by Pakistan.
Incorrect
Statement 1 is incorrect. The Indus Water Treaty was brokered by the World Bank.
Statement 2 is incorrect. According to the treaty, Beas, Ravi and Sutlej are to be governed by India, while, Indus, Chenab and Jhelum are to be taken care by Pakistan.
- Question 6 of 7
6. Question
1 pointsWhich of the following statements is/are correct about the UDAN Scheme?
- It aims to facilitate regional air connectivity.
- It is a key component of the National Civil Aviation Policy (NCAP).
- Airports Authority of India (AAI) is the implementing agency of the scheme.
Select the correct answer using the code given below.
Correct
All the statements are correct.
The UDAN RCS (Regional Connectivity Scheme) was launched in October 2016 to develop the regional aviation market. It is vital component of the National Civil Aviation Policy (NCAP), 2016.
It also aims to make flying affordable by providing connectivity to un-served and under-served airports of the country through revival of existing airstrips and airports so that persons in regional towns are able to take affordable flights.
Airports Authority of India (AAI) is implementing agency of the scheme.
Incorrect
All the statements are correct.
The UDAN RCS (Regional Connectivity Scheme) was launched in October 2016 to develop the regional aviation market. It is vital component of the National Civil Aviation Policy (NCAP), 2016.
It also aims to make flying affordable by providing connectivity to un-served and under-served airports of the country through revival of existing airstrips and airports so that persons in regional towns are able to take affordable flights.
Airports Authority of India (AAI) is the implementing agency of the scheme.
- Question 7 of 7
7. Question
1 pointsWhich of the following non-traditional states have been identified for banana cultivation?
- Jharkhand
- Assam
- Uttar Pradesh
- Uttarakhand
- Punjab
Select the correct answer suing the code given below.
Correct
The Government has recognized the states of Punjab, Uttar Pradesh, Rajasthan, Haryana, Uttarakhand, Jharkhand etc. as non-traditional states for banana cultivation. States where banana was grown as a back-yard crop have also taken up commercial cultivation especially North Eastern states like Tripura, Meghalaya, Mizoram, Nagaland, Manipur, Andaman & Nicobar Islands.
Incorrect
The Government has recognized the states of Punjab, Uttar Pradesh, Rajasthan, Haryana, Uttarakhand, Jharkhand etc. as non-traditional states for banana cultivation. States where banana was grown as a back-yard crop have also taken up commercial cultivation especially North Eastern states like Tripura, Meghalaya, Mizoram, Nagaland, Manipur, Andaman & Nicobar Islands.
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