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Daily Quiz: November 13, 2018
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- Question 1 of 7
1. Question
1 pointsCategory: EconomyAt which among of the following cities, India’s first National Rail and Transportation University will be set up?
Correct
India’s First National Rail and Transportation University will be setup at Vadodara, Gujarat. The University will be set up as a Deemed University. This university will set Indian Railways on the path of modernization and help India become a global leader in transport sector by enhancing productivity and promoting ‘Make in India’. It will create a resource pool of skilled manpower and leverage state-of-the-art technology to provide better safety, speed and service in Indian Railways. It will support ‘Startup India’ and ‘Skill India’ by channeling technology and delivering knowhow, and foster entrepreneurship, generating large scale employment opportunities.
Incorrect
India’s First National Rail and Transportation University will be setup at Vadodara, Gujarat. The University will be set up as a Deemed University. This university will set Indian Railways on the path of modernization and help India become a global leader in transport sector by enhancing productivity and promoting ‘Make in India’. It will create a resource pool of skilled manpower and leverage state-of-the-art technology to provide better safety, speed and service in Indian Railways. It will support ‘Startup India’ and ‘Skill India’ by channeling technology and delivering knowhow, and foster entrepreneurship, generating large scale employment opportunities.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyThe ‘SRISTI’ scheme, sometimes seen in the news, is related to
Correct
SRISTI (Sustainable Rooftop Implementation for Solar Transfiguration of India) scheme is related to solar power production technology. The Ministry of New and Renewable Energy has proposed this scheme. This scheme aims to achieve a national solar rooftop target of 40 GW till 2021-2022. It is proposed that a Central Financial Assistance will be provided only for installation of rooftop solar plants in residential sectors. The scheme will integrate discoms as an implementing agency in Phase-II of rooftop solar scheme, the statement added.
Incorrect
SRISTI (Sustainable Rooftop Implementation for Solar Transfiguration of India) scheme is related to solar power production technology. The Ministry of New and Renewable Energy has proposed this scheme. This scheme aims to achieve a national solar rooftop target of 40 GW till 2021-2022. It is proposed that a Central Financial Assistance will be provided only for installation of rooftop solar plants in residential sectors. The scheme will integrate discoms as an implementing agency in Phase-II of rooftop solar scheme, the statement added.
- Question 3 of 7
3. Question
1 pointsCategory: EconomyWhich of the following is/are not a current account transaction?
- Exports receivables
- Net invisibles
- External Commercial Borrowings
- Import payables
Select the correct answer using the code given below.
Correct
External Commercial Borrowings comes under the capital account transactions. The capital account includes all international asset transactions (FDI, FPI etc.). The current account includes all the transactions related to export and import of goods and services, investment income, and unilateral transfers (remittances, gifts, grants etc.).
Incorrect
External Commercial Borrowings comes under the capital account transactions. The capital account includes all international asset transactions (FDI, FPI etc.). The current account includes all the transactions related to export and import of goods and services, investment income, and unilateral transfers (remittances, gifts, grants etc.).
- Question 4 of 7
4. Question
1 pointsCategory: EconomyWith reference to the ‘North East Special Infrastructure Development Scheme’ (NESIDS), consider the following statements:
- This scheme covers both Physical and Social sector infrastructure.
- It is fully funded by the Union Government.
Which of the statements given above is/are correct?
Correct
Both the statements are correct. The “North East Special Infrastructure Development Scheme” (NESIDS) will broadly cover creation of infrastructure under following sectors:
a) Physical infrastructure relating to water supply, power, connectivity and specially the projects promoting tourism;
b) Infrastructure of social sectors of education and health. NESIDS is a Central Sector Scheme with 100% funding from the Central Government to fill up the gaps in creation of infrastructure in specified sectors till March, 2020.
Incorrect
Both the statements are correct. The “North East Special Infrastructure Development Scheme” (NESIDS) will broadly cover creation of infrastructure under following sectors:
a) Physical infrastructure relating to water supply, power, connectivity and specially the projects promoting tourism;
b) Infrastructure of social sectors of education and health. NESIDS is a Central Sector Scheme with 100% funding from the Central Government to fill up the gaps in creation of infrastructure in specified sectors till March, 2020.
- Question 5 of 7
5. Question
1 pointsCategory: EconomyWith reference to International Campaign to Abolish Nuclear Weapons, consider the following statements:
- It is a campaign initiated by the United Nations.
- It aims to promote adherence to and full implementation of UN Treaty on the Prohibition of Nuclear Weapons.
Which of the statements given above is/are correct?
Correct
Statement 1 is incorrect. International Campaign to Abolish Nuclear Weapons or ICAN is a global civil society coalition of 468 partner organizations from 101 countries. Its headquarters are in Geneva, Switzerland.
Statement 2 is correct. International Campaign to Abolish Nuclear Weapons or ICAN aims to promote adherence to and full implementation of Treaty on Prohibition of Nuclear Weapons. It is a leading civil society actor which has taken efforts to achieve a world without nuclear weapons.
Incorrect
Statement 1 is incorrect. International Campaign to Abolish Nuclear Weapons or ICAN is a global civil society coalition of 468 partner organizations from 101 countries. Its headquarters are in Geneva, Switzerland.
Statement 2 is correct. International Campaign to Abolish Nuclear Weapons or ICAN aims to promote adherence to and full implementation of Treaty on Prohibition of Nuclear Weapons. It is a leading civil society actor which has taken efforts to achieve a world without nuclear weapons.
- Question 6 of 7
6. Question
1 pointsCategory: EconomyWith reference to NISAR Satellite, consider the following statements:
- It is a multilateral project of New Zealand, India, South Africa and Russia.
- It aims to study hazards and global environmental change.
Which of the statements given above is / are correct?
Correct
Statement 1 is incorrect. NISAR is a dual frequency (L & S Band) Radar Imaging Satellite jointly being developed by Indian Space Research Organisation (ISRO) and Jet Propulsion Laboratory (JPL) of NASA.
Statement 2 is correct. The NASA-ISRO Synthetic Aperture Radar (SAR), or NISAR, Mission will make global integrated measurements of the causes and consequences of land surface changes. NISAR will provide a means of resolving highly spatial and temporally complex processes ranging from ecosystem disturbances, to ice sheet collapse and natural hazards including earthquakes, tsunamis, volcanoes, and landslides. NISAR’s unprecedented coverage in space and time will reveal forces acting within the Earth and on its surface, biomass variability, and response of ice masses far more comprehensively than any other measurement method.
Incorrect
Statement 1 is incorrect. NISAR is a dual frequency (L & S Band) Radar Imaging Satellite jointly being developed by Indian Space Research Organisation (ISRO) and Jet Propulsion Laboratory (JPL) of NASA.
Statement 2 is correct. The NASA-ISRO Synthetic Aperture Radar (SAR), or NISAR, Mission will make global integrated measurements of the causes and consequences of land surface changes. NISAR will provide a means of resolving highly spatial and temporally complex processes ranging from ecosystem disturbances, to ice sheet collapse and natural hazards including earthquakes, tsunamis, volcanoes, and landslides. NISAR’s unprecedented coverage in space and time will reveal forces acting within the Earth and on its surface, biomass variability, and response of ice masses far more comprehensively than any other measurement method.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyWhich among the following is/are examples of Quantitative Easing?
- Pumping Money in the economy directly
- Reducing Interest Rates
- Issuing Bonds in the market
Select the correct answer using the code given below.
Correct
The term ‘Quantitative Easing’ is used to refer the introduction of new money into the money supply by a central bank. Central banks usually stimulate a slowing economy by cutting interest rates, which encourage people to spend by borrowing more or discouraging them to save. But with interest rates in the developed world already close to zero, that option is no longer available. In such situations, the central banks resort to pumping money directly into the economy, a process known as quantitative easing. It is done by buying bonds – usually government paper but can also be private bonds – from banks and financial institutions. The developed countries used quantitative easing to spur growth in recent years.
Incorrect
The term ‘Quantitative Easing’ is used to refer the introduction of new money into the money supply by a central bank. Central banks usually stimulate a slowing economy by cutting interest rates, which encourage people to spend by borrowing more or discouraging them to save. But with interest rates in the developed world already close to zero, that option is no longer available. In such situations, the central banks resort to pumping money directly into the economy, a process known as quantitative easing. It is done by buying bonds – usually government paper but can also be private bonds – from banks and financial institutions. The developed countries used quantitative easing to spur growth in recent years.
