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10 PM Quiz: April 29, 2019
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- Question 1 of 6
1. Question
1 pointsWith reference to National Housing Bank (NHB), consider the following statements:
- RBI holds 100 per cent shareholding in NHB.
- It act as a principal agency to promote housing finance institutions both at local and regional levels.
Which of the statement given above is/are correct?
Correct
- NHB is an All India Financial Institution (AIFl), set up in 1988, under the National Housing Bank Act, 1987.
- The RBI once held 100 per cent shareholding in NHB, which was divested on March 19, 2019.
- The government now fully owns these two financial institutions
- The National Housing Policy, 1988 has envisaged the setting up of NHB as the Apex level institution for housing.
- It is an apex agency established to operate as a principal agency to promote housing finance institutions both at local and regional levels.
- It aims to provide financial and other support incidental to such institutions and for matters connected therewith.
Incorrect
- NHB is an All India Financial Institution (AIFl), set up in 1988, under the National Housing Bank Act, 1987.
- The RBI once held 100 per cent shareholding in NHB, which was divested on March 19, 2019.
- The government now fully owns these two financial institutions
- The National Housing Policy, 1988 has envisaged the setting up of NHB as the Apex level institution for housing.
- It is an apex agency established to operate as a principal agency to promote housing finance institutions both at local and regional levels.
- It aims to provide financial and other support incidental to such institutions and for matters connected therewith.
- Question 2 of 6
2. Question
1 pointsGlobal Talent Competitiveness Index is prepared by:
Correct
- The Global Talent Competitive Index prepared by the INSEAD business school in partnership with Tata Communications and Adecco Group was released on the first day of the World Economic Forum (WEF) Annual Meeting 2019. The Global Talent Competitive Index measures how countries and cities grow, attract and retain talent, ranking 125 countries and 114 cities across all groups of income and levels of development.
Incorrect
- The Global Talent Competitive Index prepared by the INSEAD business school in partnership with Tata Communications and Adecco Group was released on the first day of the World Economic Forum (WEF) Annual Meeting 2019. The Global Talent Competitive Index measures how countries and cities grow, attract and retain talent, ranking 125 countries and 114 cities across all groups of income and levels of development.
- Question 3 of 6
3. Question
1 pointsWhich of the following NBFSc are excluded from the ambit of the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs)?
- Non Banking Financial Company-Infrastructure Finance Company (NBFC-IFC).
- Core Investment Company (CIC).
- Infrastructure Debt Fund-Non-banking Financial Company (IDF-NBFC).
- NBFCs under liquidation.
Select the correct answer using the code given below:
Correct
- The Reserve Bank of India (RBI) has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs).
- However, Non Banking Financial Company-Infrastructure Finance Company (NBFC-IFC), Core Investment Company (CIC), Infrastructure Debt Fund-Non-banking Financial Company (IDF-NBFC) and NBFCs under liquidation are excluded from the ambit of the Scheme.
Incorrect
- The Reserve Bank of India (RBI) has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs).
- However, Non Banking Financial Company-Infrastructure Finance Company (NBFC-IFC), Core Investment Company (CIC), Infrastructure Debt Fund-Non-banking Financial Company (IDF-NBFC) and NBFCs under liquidation are excluded from the ambit of the Scheme.
- Question 4 of 6
4. Question
1 pointsCategory: HistoryWith reference to UN Arms Trade Treaty (ATT), consider the following statements:
- It regulates the domestic sale or use of weapons in any country.
- India has not signed the treaty.
Which of the statement given above is/are correct?
Correct
- The UN Arms Trade Treaty (ATT) has the ambitious aim of responding to international concern that the $70 billion a year trade in conventional weapons leaves a trail of atrocities in its wake.
- Conventional weapons are covered by the UN Arms Trade Treaty include tanks and other armored combat vehicles, artillery, attack helicopters, naval warships, missiles and missile launchers, and small arms.
- It also establishes common international standards for the regulation of the international trade in ammunition, weapons parts, and arms components.
- The treaty does not regulate the domestic sale or use of weapons in any country. It also recognizes the legitimacy of the arms trade to enable states to provide for their own security.
- By pulling out of the ATT, the US joins India, which has not signed the treaty.
Incorrect
- The UN Arms Trade Treaty (ATT) has the ambitious aim of responding to international concern that the $70 billion a year trade in conventional weapons leaves a trail of atrocities in its wake.
- Conventional weapons are covered by the UN Arms Trade Treaty include tanks and other armored combat vehicles, artillery, attack helicopters, naval warships, missiles and missile launchers, and small arms.
- It also establishes common international standards for the regulation of the international trade in ammunition, weapons parts, and arms components.
- The treaty does not regulate the domestic sale or use of weapons in any country. It also recognizes the legitimacy of the arms trade to enable states to provide for their own security.
- By pulling out of the ATT, the US joins India, which has not signed the treaty.
- Question 5 of 6
5. Question
1 pointsThe ‘VAJRA’ scheme recently in the news, is related to:
Correct
- Launched by Ministry of Science and Technology
- VAJRA scheme enables NRIs and overseas scientific community to participate and contribute to research and development in India.
- VAJRA (Visiting Advanced Joint Research) Faculty Scheme is a dedicated program exclusively for overseas scientists and academicians with emphasis on Non-resident Indians (NRI) and Persons of Indian Origin (PIO) / Overseas Citizen of India (OCI) to work as adjunct / visiting faculty for a specific period of time in Indian Public funded academic and research institutions. The Scheme recognizes the value of collaborative research as a crucial element for information sharing among researchers for updating and acquiring knowledge and skills, and also to draw different perspectives to solve a shared problem. SERB welcomes accomplished Overseas Scientists to take up challenging research problems in the Indian setting
Incorrect
- Launched by Ministry of Science and Technology
- VAJRA scheme enables NRIs and overseas scientific community to participate and contribute to research and development in India.
- VAJRA (Visiting Advanced Joint Research) Faculty Scheme is a dedicated program exclusively for overseas scientists and academicians with emphasis on Non-resident Indians (NRI) and Persons of Indian Origin (PIO) / Overseas Citizen of India (OCI) to work as adjunct / visiting faculty for a specific period of time in Indian Public funded academic and research institutions. The Scheme recognizes the value of collaborative research as a crucial element for information sharing among researchers for updating and acquiring knowledge and skills, and also to draw different perspectives to solve a shared problem. SERB welcomes accomplished Overseas Scientists to take up challenging research problems in the Indian setting
- Question 6 of 6
6. Question
1 pointsThe Bimal Jalan Committee , often seen in the news is related to:
Correct
- Bimal Jalan panel was formed to address the issue of RBI reserves, one of the sticking points between the central bank and the government.
- The expert panel to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the government.
Incorrect
- Bimal Jalan panel was formed to address the issue of RBI reserves, one of the sticking points between the central bank and the government.
- The expert panel to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the government.
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