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We are Posting Today’s Prelims Marathon
Quiz: Daily Quiz:2 Mar, 2021
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- Question 1 of 10
1. Question
1 pointsCategory: EconomyConsider the following statements regarding Accelerated Irrigation Benefit Programme (AIBP):
1. It was launched in 1996-97 to support major and medium irrigation projects
2. After launch of PMKSY in 2015-16, AIBP became a part of PMKSY
Which of the statements given above is/are correct?
Correct
Central Government launched the Accelerated Irrigation Benefits Programme (AIBP) in the year 1996-97 to provide Central Assistance to major/medium irrigation projects in the country, with the objective to accelerate implementation of such projects which were beyond resource capability of the States or were in advanced stage of completion.
Priority was given to those projects which were started in Pre-Fifth and Fifth Plan period and also to those which were benefiting Tribal and Drought Prone Areas.
After launch of PMKSY in 2015-16, AIBP became a part of PMKSY.
Since its inception, 297 Irrigation / Multi-Purpose Projects have been included for funding under AIBP. Out of these 143 projects have been completed and 5 projects were foreclosed.
Source: TMH Ramesh Singh
Incorrect
Central Government launched the Accelerated Irrigation Benefits Programme (AIBP) in the year 1996-97 to provide Central Assistance to major/medium irrigation projects in the country, with the objective to accelerate implementation of such projects which were beyond resource capability of the States or were in advanced stage of completion.
Priority was given to those projects which were started in Pre-Fifth and Fifth Plan period and also to those which were benefiting Tribal and Drought Prone Areas.
After launch of PMKSY in 2015-16, AIBP became a part of PMKSY.
Since its inception, 297 Irrigation / Multi-Purpose Projects have been included for funding under AIBP. Out of these 143 projects have been completed and 5 projects were foreclosed.
Source: TMH Ramesh Singh
- Question 2 of 10
2. Question
1 pointsCategory: EconomyConsider the following statements regarding Global Coalition for Disaster Resilient Infrastructure (CDRI):
1. It envisions enabling measurable reduction in infrastructure losses from disasters and extreme climate events.
2. It is launched by Government of India.
Which of the statements given above is/are correct?
Correct
The Prime Minister of India launched the Coalition for Disaster-Resilient Infrastructure (CDRI) at the UN Secretary-General’s Climate Action Summit in New York, US.
· The fledgling partnership has a secretariat in Delhi, supported by the UN Office for Disaster Risk Reduction (UNDRR), to enable knowledge exchange, technical support and capacity building.
· CDRI’s mission is to rapidly expand the development of resilient infrastructure and retrofit existing infrastructure for resilience, and to enable a measurable reduction in infrastructure losses.
· Its mission statement notes that, in recent weather and climate-related disasters, up to 66% of public sector losses were related to infrastructure damage.
· The partnership will be working in the areas of governance and policy, emerging technology, risk identification and estimation, recovery and reconstruction, resilience standards and certification, finance, and capacity development.
Source: The Hindu
Incorrect
The Prime Minister of India launched the Coalition for Disaster-Resilient Infrastructure (CDRI) at the UN Secretary-General’s Climate Action Summit in New York, US.
· The fledgling partnership has a secretariat in Delhi, supported by the UN Office for Disaster Risk Reduction (UNDRR), to enable knowledge exchange, technical support and capacity building.
· CDRI’s mission is to rapidly expand the development of resilient infrastructure and retrofit existing infrastructure for resilience, and to enable a measurable reduction in infrastructure losses.
· Its mission statement notes that, in recent weather and climate-related disasters, up to 66% of public sector losses were related to infrastructure damage.
· The partnership will be working in the areas of governance and policy, emerging technology, risk identification and estimation, recovery and reconstruction, resilience standards and certification, finance, and capacity development.
Source: The Hindu
- Question 3 of 10
3. Question
1 pointsCategory: EconomyConsider the following statements regarding ‘Rural Infrastructure Promotion Fund’ (RIPF):
1. It has been created by Ministry of Rural Development.
2. It has been set up with a corpus of Rs. 25crore.
Which of the statements given above is/are correct?
Correct
NABARD has created a separate fund titled ‘Rural Infrastructure Promotion Fund’ (RIPF) to support programs and activities that promote rural infrastructure, with the ultimate objective of facilitating agriculture and rural development.
· RIPF has been set up with a corpus of Rs. 25 crores.
· The amount is contributed out of margin received by NABARD from a special window created under RIDF for funding the rural roads component of Bharat Nirman through National Rural Roads Development Agency (NRRDA).
Source: NABARD
Incorrect
NABARD has created a separate fund titled ‘Rural Infrastructure Promotion Fund’ (RIPF) to support programs and activities that promote rural infrastructure, with the ultimate objective of facilitating agriculture and rural development.
· RIPF has been set up with a corpus of Rs. 25 crores.
· The amount is contributed out of margin received by NABARD from a special window created under RIDF for funding the rural roads component of Bharat Nirman through National Rural Roads Development Agency (NRRDA).
Source: NABARD
- Question 4 of 10
4. Question
1 pointsCategory: EconomyConsider the following statements regarding Foreign Portfolio Investment (FPI):
1. FPIs are short term investments and volatile in nature.
2. Portfolio investment does not offer control over the business entity in which the investment is made.
Which of the statements above given is/are correct?
Correct
Foreign portfolio investment (FPI) refers to investing in the financial assets of a foreign country, such as stocks or bonds available on an exchange.
· This type of investment is at times viewed less favorably than direct investment because portfolio investments can be sold off quickly and are at times seen as short-term attempts to make money, rather than a long-term investment in the economy.
· Portfolio investment typically has a shorter time frame for investment return than direct investment.
· As with any equity investment, foreign portfolio investors usually expect to quickly realize a profit on their investments.
· Unlike direct investment, portfolio investment does not offer control over the business entity in which the investment is made.
Source: TMH Ramesh Singh
Incorrect
Foreign portfolio investment (FPI) refers to investing in the financial assets of a foreign country, such as stocks or bonds available on an exchange.
· This type of investment is at times viewed less favorably than direct investment because portfolio investments can be sold off quickly and are at times seen as short-term attempts to make money, rather than a long-term investment in the economy.
· Portfolio investment typically has a shorter time frame for investment return than direct investment.
· As with any equity investment, foreign portfolio investors usually expect to quickly realize a profit on their investments.
· Unlike direct investment, portfolio investment does not offer control over the business entity in which the investment is made.
Source: TMH Ramesh Singh
- Question 5 of 10
5. Question
1 pointsCategory: EconomyThe term ‘Commanding heights of Indian economy’ is related to which of the following?
Correct
India’s first Prime Minister Jawaharlal Nehru, inspired by the then Soviet Union-pioneered model of state sponsored growth, who mooted the idea of placing the government—and within it the state-owned and state-run PSUs—as the commanding heights of the Indian economy.
It was documented in the Industrial Policy Resolution of 1956 and found articulation in the benchmark Second Five Year Plan. Till the beginning of the 1980s, the PSUs continued to be the commanding heights.
Source: TMH Ramesh Singh
Incorrect
India’s first Prime Minister Jawaharlal Nehru, inspired by the then Soviet Union-pioneered model of state sponsored growth, who mooted the idea of placing the government—and within it the state-owned and state-run PSUs—as the commanding heights of the Indian economy.
It was documented in the Industrial Policy Resolution of 1956 and found articulation in the benchmark Second Five Year Plan. Till the beginning of the 1980s, the PSUs continued to be the commanding heights.
Source: TMH Ramesh Singh
- Question 6 of 10
6. Question
1 pointsCategory: EconomyWith reference to the “Indian Depository Receipts (IDR)”, which of the following statements is/are NOT correct?
1. It is a mechanism that allows investors in India to invest in listed foreign companies.
2. IDRs are denominated in Indian Rupees and issued by a Domestic Depository in India.
Select the correct answer using the codes given below:
Correct
An IDR is a mechanism that allows investors in India to invest in listed foreign companies, including multinational companies, in Indian rupees. IDRs give the holder the opportunity to hold an interest in equity shares in an overseas company.
IDRs are denominated in Indian Rupees and issued by a Domestic Depository in India. They can be listed on any Indian stock exchange. Anybody who can invest in an IPO (Initial Public Offer) is/are eligible to invest in IDRs.
Source: TMH Ramesh Singh
Incorrect
An IDR is a mechanism that allows investors in India to invest in listed foreign companies, including multinational companies, in Indian rupees. IDRs give the holder the opportunity to hold an interest in equity shares in an overseas company.
IDRs are denominated in Indian Rupees and issued by a Domestic Depository in India. They can be listed on any Indian stock exchange. Anybody who can invest in an IPO (Initial Public Offer) is/are eligible to invest in IDRs.
Source: TMH Ramesh Singh
- Question 7 of 10
7. Question
1 pointsCategory: Economy“Programme for Country Partnership (PCP)” is related to which of the following?
Correct
The PCP is UNIDO’s innovative model for accelerating inclusive and sustainable industrial development in Member States.
· Aligned with the national development agenda and focused on sectors with high growth potential, the programme supports a country in achieving its industrial development goals.
· The PCP rests on a multi-stakeholder partnership led by the host government. It builds synergies with ongoing government and partner interventions relevant to industrial development.
· The PCP is also designed to leverage additional investment in selected priority sectors. As such, it is a model that facilitates the mobilization of partners and resources to achieve larger development impact.
· For UNIDO, the PCP serves to operationalize the Organization’s mandate and SDG 9. At the same time, it is a model that can be used to implement other SDGs too.
Source: TMH Ramesh Singh
Incorrect
The PCP is UNIDO’s innovative model for accelerating inclusive and sustainable industrial development in Member States.
· Aligned with the national development agenda and focused on sectors with high growth potential, the programme supports a country in achieving its industrial development goals.
· The PCP rests on a multi-stakeholder partnership led by the host government. It builds synergies with ongoing government and partner interventions relevant to industrial development.
· The PCP is also designed to leverage additional investment in selected priority sectors. As such, it is a model that facilitates the mobilization of partners and resources to achieve larger development impact.
· For UNIDO, the PCP serves to operationalize the Organization’s mandate and SDG 9. At the same time, it is a model that can be used to implement other SDGs too.
Source: TMH Ramesh Singh
- Question 8 of 10
8. Question
1 pointsCategory: EconomyWhich of the following is/are eligibility criteria to be considered for grant of “Maharatna status” to Central Public Sector Enterprise (CPSE)?
1. Listed on Indian stock exchange.
2. Average annual turnover of more than Rs. 50,000crore, during the last 3 years.
3. Average annual net worth of more than Rs. 25,000crore, during the last 3 years.
Select the correct answer using the codes given below:
Correct
The CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status.
· Having Navratna status.
· Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
· Average annual turnover of more than Rs. 25,000crore, during the last 3 years.
· Average annual net worth of more than Rs. 15,000crore, during the last 3 years.
· Average annual net profit after tax of more than Rs. 5,000crore, during the last 3 years.
· Should have significant global presence/international operations.
Source: TMH Ramesh Singh
Incorrect
The CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status.
· Having Navratna status.
· Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
· Average annual turnover of more than Rs. 25,000crore, during the last 3 years.
· Average annual net worth of more than Rs. 15,000crore, during the last 3 years.
· Average annual net profit after tax of more than Rs. 5,000crore, during the last 3 years.
· Should have significant global presence/international operations.
Source: TMH Ramesh Singh
- Question 9 of 10
9. Question
1 pointsCategory: EconomyWith reference to the “Hybrid Annuity Model (HAM)”, which of the following statements is/are correct?
1. It is a mix of Build-Operate-Transfer (BOT) and Engineering, Procurement and Construction (EPC) models.
2. Under HAM 40% of the project cost is born by the government.
Select the correct answer using the codes given below:
Correct
In India, the new HAM is a mix of BOT Annuity and EPC models.
As per the design, the government will contribute to 40% of the project cost in the first five years through annual payments (annuity). The remaining payment will be made on the basis of the assets created and the performance of the developer.
Source: TMH Ramesh Singh
Incorrect
In India, the new HAM is a mix of BOT Annuity and EPC models.
As per the design, the government will contribute to 40% of the project cost in the first five years through annual payments (annuity). The remaining payment will be made on the basis of the assets created and the performance of the developer.
Source: TMH Ramesh Singh
- Question 10 of 10
10. Question
1 pointsCategory: EconomyWhich of the following statements is/are correct about “India Infrastructure Finance Company Ltd (IIFCL)”?
1. It is jointly owned by Public sector and Private sector.
2. It provides long-term financial assistance to viable infrastructure projects.
Select the correct answer using the codes given below:
Correct
IIFCL is a wholly-owned Government of India Company set up in 2006 to provide long-term financial assistance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as SIFTI.
· The sectors eligible for financial assistance from IIFCL are as per the Harmonized list of Infrastructure Sub-Sectors as approved by the Government and as amended from time to time.
· These broadly include transportation, energy, water, and sanitation, and communication, social and commercial infrastructure.
Source: TMH Ramesh Singh
Incorrect
IIFCL is a wholly-owned Government of India Company set up in 2006 to provide long-term financial assistance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL), broadly referred to as SIFTI.
· The sectors eligible for financial assistance from IIFCL are as per the Harmonized list of Infrastructure Sub-Sectors as approved by the Government and as amended from time to time.
· These broadly include transportation, energy, water, and sanitation, and communication, social and commercial infrastructure.
Source: TMH Ramesh Singh