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Daily Quiz: June 26, 2018
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyConsider the following instruments of money transaction
- currency notes and coins
- savings account deposits
- current account deposits
- Fixed deposits
Which of the above given instruments is/are considered as demand deposits
Correct
Apart from currency notes and coins, the balance in savings, or current account deposits, heldby the public in commercial banks is also considered money since cheques drawn on theseaccounts are used to settle transactions. Such deposits are called demand deposits as they arepayable by the bank on demand from the account holder.
Incorrect
Apart from currency notes and coins, the balance in savings, or current account deposits, heldby the public in commercial banks is also considered money since cheques drawn on theseaccounts are used to settle transactions. Such deposits are called demand deposits as they arepayable by the bank on demand from the account holder.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyInternational Organization for Migration (IOM) releaseWorld Migration Report 2018. Consider the following statement regarding this.
- Indian diaspora have been found to be world’s largest.
- USA tops the list of destination countries of global diaspora.
Which of the above statement(s) is/are correct?
Correct
Indian diaspora have been found to be world’s largest as per World Migration Report 2018.USA has 46.6 million international migrants
Incorrect
Indian diaspora have been found to be world’s largest as per World Migration Report 2018.USA has 46.6 million international migrants
- Question 3 of 7
3. Question
1 pointsCategory: EconomyConsider the following statements about Pradhan MantriFasalBimaYojana
- It is compulsory for farmers availing crop loans for notified crops in notified areas and voluntary for non-loanee farmers.
- Post Harvest losses is not covered covered.
Which of the above statement(s) is/are correct?
Correct
It is to provide comprehensive insurance coverage against crop loss. It is compulsory for farmers availing crop loans for notified crops in notified areas and voluntary for non-loanee farmers.
Losses covered – Non-Preventable risk such as Natural Fire, Storm, Hailstorm, Cyclone and Inundation has also been included as a localized calamity. Post Harvest losses also covered.
Incorrect
It is to provide comprehensive insurance coverage against crop loss. It is compulsory for farmers availing crop loans for notified crops in notified areas and voluntary for non-loanee farmers.
Losses covered – Non-Preventable risk such as Natural Fire, Storm, Hailstorm, Cyclone and Inundation has also been included as a localized calamity. Post Harvest losses also covered.
- Question 4 of 7
4. Question
1 pointsCategory: EconomyConsider the following statements about ParamparagatKrishiVikasYojana
- It is to promote organic farming
- There is no liability for farmers for expenditure on certification.
Which of the above statement(s) is/are correct?
Correct
It is to promote organic farming and the products will be linked with the market. It will be implemented in a cluster based approach and farmers will be funded to meet the expenditure from farm to market. There is no liability for farmers for expenditure on certification.
Incorrect
It is to promote organic farming and the products will be linked with the market. It will be implemented in a cluster based approach and farmers will be funded to meet the expenditure from farm to market. There is no liability for farmers for expenditure on certification.
- Question 5 of 7
5. Question
1 pointsCategory: EconomyConsider the following statements about Electronic National Agriculture Market (e-NAM)
- It networks the existing APMC mandis to create a unified national market for agricultural commodities
- NAM is a virtual market and it is not connected to a physical market
Which of the above statement(s) is/are correct?
Correct
NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. NAM is a virtual market but it is connected to a physical market (mandi) at the back end and promotes genuine price discovery.
Incorrect
NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. NAM is a virtual market but it is connected to a physical market (mandi) at the back end and promotes genuine price discovery.
- Question 6 of 7
6. Question
1 pointsCategory: EconomyConsider the following statements recently launched bharat net
- To provide network infrastructure with affordable broadband connectivity on a non-discriminatory basis to all households in the country.
- It is in partnership with States and the Private Sector.
Which of the above statement(s) is/are correct?
Correct
It is an ambitious programme to provide network infrastructure with affordable broadband connectivity on a non-discriminatory basis to all households in the country. It aimed to realize the vision of Digital India, in partnership with States and the Private Sector. The programme was previously called as the National Optical Fibre Network, approved in October 2011.
Incorrect
It is an ambitious programme to provide network infrastructure with affordable broadband connectivity on a non-discriminatory basis to all households in the country. It aimed to realize the vision of Digital India, in partnership with States and the Private Sector. The programme was previously called as the National Optical Fibre Network, approved in October 2011.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyConsider the following statements recently launched SampoornaBima Gram Yojana
- It is launched by Ministry of family and health welfare
- All villages under the SaansadAdarsh Gram Yojana will be brought under its ambit.
Which of the above statement(s) is/are correct?
Correct
Ministry of Communications has recently launched SampoornaBima Gram Yojana to give rural people affordable life insurances services. Under the scheme, at least one village (having a minimum of 100 households) will be identified in each districts and provide with a minimum of one RPLI (Rural Postal Life Insurance) policy for each households. Coverage of all households in the identified SampoornaBima Gram village is the primary objective of this scheme. All villages under the SaansadAdarsh Gram Yojana will be brought under its ambit.
Incorrect
Ministry of Communications has recently launched SampoornaBima Gram Yojana to give rural people affordable life insurances services. Under the scheme, at least one village (having a minimum of 100 households) will be identified in each districts and provide with a minimum of one RPLI (Rural Postal Life Insurance) policy for each households. Coverage of all households in the identified SampoornaBima Gram village is the primary objective of this scheme. All villages under the SaansadAdarsh Gram Yojana will be brought under its ambit.
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