GS Advance Program for UPSC Mains 2025, Cohort - 1 Starts from 24th October 2024 Click Here for more information
Daily Quiz: October 9, 2018
Test-summary
0 of 7 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
Information
Click on ‘Start Test’ button to start the Quiz.
Click Here For More Details on Prelims Marathon
All the Best!
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 7 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 scores, (0)
Average score | |
Your score | |
Categories
- Not categorized 0%
- Economy 0%
- Economy 0%
- Economy 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- Answered
- Review
- Question 1 of 7
1. Question
1 pointsCategory: EconomyWhich among of the following countries has recently successfully tested photovoltaic (solar) highway?
Correct
Recently, China has successfully tested its first photovoltaic (solar) highway based on home-grown technology in country’s eastern Shandong province. The road is constructed using solar panels which have a thin sheet of clear concrete on top of them, protecting the surface. The panels were built to transfer energy to electric vehicles passing on top of them. China has become the second country to construct a photovoltaic highway. France was introduced the world’s first photovoltaic road fitted with solar panels in late 2016.
Incorrect
Recently, China has successfully tested its first photovoltaic (solar) highway based on home-grown technology in country’s eastern Shandong province. The road is constructed using solar panels which have a thin sheet of clear concrete on top of them, protecting the surface. The panels were built to transfer energy to electric vehicles passing on top of them. China has become the second country to construct a photovoltaic highway. France was introduced the world’s first photovoltaic road fitted with solar panels in late 2016.
- Question 2 of 7
2. Question
1 pointsCategory: EconomyTo whom the Foreign Contribution Regulations Act (FCRA) is applicable?
- Citizens of India living outside India
- Overseas branches of companies registered or incorporated in India.
- Companies and their branches registered and working in India.
Select the correct answer using the code given below.
Correct
As per Section 1(2) of FCRA, 2010, the provisions of the act shall apply to:
- Whole of India
- Citizens of India (living) outside India; and
- Associate Branches or subsidiaries, outside India, of companies or bodies corporate, registered or incorporated in India.
Incorrect
As per Section 1(2) of FCRA, 2010, the provisions of the act shall apply to:
- Whole of India
- Citizens of India (living) outside India; and
- Associate Branches or subsidiaries, outside India, of companies or bodies corporate, registered or incorporated in India.
- Question 3 of 7
3. Question
1 pointsCategory: EconomyWhich of the following statements is/are correct about ‘Banks Board Bureau (BBB)’?
- The BBB has been formed to improve the Governance of Public Sector Banks.
- The formation of BBB was announced as part of seven point Indradhanush scheme.
Select the correct answer using the code given below.
Correct
Both the statements are correct. With a view to improve the Governance of Public Sector Banks (PSBs), the Government had decided to set up Banks Board Bureau as an autonomous body consisting of eminent professionals and officials from public sector banks (PSBs). It has replaced the Appointments Board of Government. The bureau was announced by the Union Government in August 2015 as part of seven point Indradhanush Scheme to revamp the PSBs.
Functions:
Give advice to PSBs in developing differentiated strategies for raising funds through innovative financial methods and instruments and to deal with issues of stressed assets. Give recommendations for appointment of full-time Directors as well as non-Executive Chairman of PSBs. Give advice to PSBs in developing differentiated strategies for raising funds through innovative financial methods and instruments and to deal with issues of stressed assets. Guide banks on mergers and consolidations and also ways to address the bad loans problem among other issues.
Incorrect
Both the statements are correct. With a view to improve the Governance of Public Sector Banks (PSBs), the Government had decided to set up Banks Board Bureau as an autonomous body consisting of eminent professionals and officials from public sector banks (PSBs). It has replaced the Appointments Board of Government. The bureau was announced by the Union Government in August 2015 as part of seven point Indradhanush Scheme to revamp the PSBs.
Functions:
Give advice to PSBs in developing differentiated strategies for raising funds through innovative financial methods and instruments and to deal with issues of stressed assets. Give recommendations for appointment of full-time Directors as well as non-Executive Chairman of PSBs. Give advice to PSBs in developing differentiated strategies for raising funds through innovative financial methods and instruments and to deal with issues of stressed assets. Guide banks on mergers and consolidations and also ways to address the bad loans problem among other issues.
- Question 4 of 7
4. Question
1 pointsCategory: EconomyThe Government disinvest Central Public Sector Enterprises (CPSEs), in order to
- Improve corporate governance.
- Realize the productive potential of CPSEs through improved efficiency and profitability.
- Raise resources for the Government.
- Ensure that the CPSEs’ wealth should rest in the hands of the people.
Select the correct answer using the code given below.
Correct
All the statements are correct. The objectives of disinvestment are:
- Improve corporate governance.
- Realize the productive potential of CPSEs through improved efficiency and profitability.
- CPSEs’ wealth should rest in the hands of the people: Public Sector Undertakings are the wealth of the Nation and to ensure this wealth rests in the hands of the people, promote public ownership of CPSEs
- Raise resources for the Government.
Incorrect
All the statements are correct. The objectives of disinvestment are:
- Improve corporate governance.
- Realize the productive potential of CPSEs through improved efficiency and profitability.
- CPSEs’ wealth should rest in the hands of the people: Public Sector Undertakings are the wealth of the Nation and to ensure this wealth rests in the hands of the people, promote public ownership of CPSEs
- Raise resources for the Government.
- Question 5 of 7
5. Question
1 pointsCategory: EconomyWhich of the following department has replaced the Disinvestment Commission?
Correct
Union Government has renamed Department of Disinvestment as Department of Investment and Public Asset Management (DIPAM). The renaming decision aims at proper management of Central government’s investments in equity and also its disinvestment proceeds in central public sector undertakings (PSUs).
About DIPAM:
DIPAM will work under Union Finance Ministry. It has been mandated to advise the Union Government in the matters of financial restructuring of PSUs and also for attracting investment through capital markets. It will deal with all matters relating to sale of Union Government’s equity through private placement or offer for sale or any other mode in the erstwhile Central PSUs. Henceforth all other post disinvestment matters will continue to be handled by the Union Finance Ministry or concerned department in consultation with DIPAM on necessity.
Incorrect
Union Government has renamed Department of Disinvestment as Department of Investment and Public Asset Management (DIPAM). The renaming decision aims at proper management of Central government’s investments in equity and also its disinvestment proceeds in central public sector undertakings (PSUs).
About DIPAM:
DIPAM will work under Union Finance Ministry. It has been mandated to advise the Union Government in the matters of financial restructuring of PSUs and also for attracting investment through capital markets. It will deal with all matters relating to sale of Union Government’s equity through private placement or offer for sale or any other mode in the erstwhile Central PSUs. Henceforth all other post disinvestment matters will continue to be handled by the Union Finance Ministry or concerned department in consultation with DIPAM on necessity.
- Question 6 of 7
6. Question
1 pointsCategory: EconomyConsider the following instruments of investment:
- Initial Public Offering
- Bonds
- Commercial Papers
Which of the above is/are the instruments of secondary capital market?
Correct
Bonds and Commercial paper are instruments of the secondary capital market. Secondary Market refers to a market where securities are traded after being initially offered to the public in the primary market and/or listed on the Stock Exchange. Majority of the trading is done in the secondary market. Secondary market comprises of equity markets and the debt markets. Following are the main financial products/instruments dealt in the secondary market:
- Shares
- Government securities
- Debentures
- Bond
Initial Public Offering (IPO) is an offering of the primary market where a private company decides to sell stocks to the public for the first time.
Incorrect
Bonds and Commercial paper are instruments of the secondary capital market. Secondary Market refers to a market where securities are traded after being initially offered to the public in the primary market and/or listed on the Stock Exchange. Majority of the trading is done in the secondary market. Secondary market comprises of equity markets and the debt markets. Following are the main financial products/instruments dealt in the secondary market:
- Shares
- Government securities
- Debentures
- Bond
Initial Public Offering (IPO) is an offering of the primary market where a private company decides to sell stocks to the public for the first time.
- Question 7 of 7
7. Question
1 pointsCategory: EconomyIndex of Industrial Production (IIP) is released by
Correct
Index of Industrial Production (IIP) is released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation. IIP is published monthly, six weeks after the reference month ends.
Incorrect
Index of Industrial Production (IIP) is released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation. IIP is published monthly, six weeks after the reference month ends.