We posted 7 questions in 10 PM Daily Quiz on 9th May, 2016. Thanks for the amazing response. These questions will help you polish concepts based on current affairs. In case you have not attempted them, please attempt them by clicking below.
Q.1) Consider the following statements regarding tooth-to-tail ratio
- It is the ratio of fighting arms, which wage the actual battle such as infantry and armoured wings, to support services, such as logistics, signals and ordnance.
- It is referred to as T2R in the Army.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-a
Explanation:-
What is tooth-to-tail ratio?
The tooth-to-tail ratio, referred to as T3R in the Army, is the ratio of fighting arms, which wage the actual battle such as infantry and armoured wings, to support services, such as logistics, signals and ordnance.
Q.2) On-tap licensing was in news recently, it is related to which of the following sector?
a) Defence
b) Aviation
c) Port infrastructure
d) Banking
Answer-d
Explanation:–
On-tap licensing means that the RBI window for granting banking licences will be open through the year.
Q.3) Consider the following statements regarding Mozambique current
- It is a cold current.
- It is a branch of the Southern EquatorialCurrent.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-b
Explanation:– It is a warm current in the Mozambique Channel, in the western part of the Indian Ocean; it is a branch of the Southern Equatorial Current. The Mozambique Current is an ocean current in the Indian Ocean, usually defined as warm surface waters flowing south along the African east coast in the Mozambique Channel, between Mozambique and the island of Madagascar.
Q.4) Consider the following statements regarding guidelines issued by the RBI forlicensing of private sector universal banks
- Resident individuals and professionals having 10 years of experience in banking and finance as eligible persons to promote universal banks.
- Large industrial/business houses are excluded as eligible entities but permitted to invest in the banks to the extent of less than 10 per cent.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-c
Explanation:– The present guidelines include
- (i) resident individuals and professionals having 10 years of experience in banking and finance as eligible persons to promote universal banks;
- (ii) large industrial/business houses are excluded as eligible entities but permitted to invest in the banks to the extent of less than 10 per cent;
- (iii) Non-Operative Financial Holding Company (NOFHC) has now been made non-mandatory in case of promoters being individuals or standalone promoting/converting entities who/which do not have other group entities;
- (iv) The NOFHC is now required to be owned by the promoter/promoter group to the extent of at least 51 per cent of the total paid-up equity capital of the NOFHC, instead being wholly owned by the promoter group; and
- (v) Existing specialised activities have been permitted to be continued from a separate entity proposed to be held under the NOFHC subject to prior approval from the Reserve Bank and subject to it being ensured that similar activities are not conducted through the bank as well.
Q.5) Consider the statement regarding gini coefficient:
- The Gini coefficient is a measure of inequality of a distribution.
- It is defined as a ratio with values between 0 and 1
- Recently IMF released its new data on inequality where India improved with China.
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the above are correct
Answer-d
Explanation:- Click here.
Q.6) Consider the statement regarding Pahal scheme:
- Under the scheme, LPG cylinders are sold at market rates and consumers receive a subsidy from the Union Government directly into their bank accounts.
- Pahal scheme aims to reduce diversion and eliminate duplicate or bogus LPG connection.
- This is done either through an Aadhaar linkage or bank account linkage.
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the above are correct
Answer-d
Explanation:- Click here.
Union Government’s ambitious Pratyaksha Hastaantarit Laabh (PAHAL) scheme has been acknowledged as the world’s largest cash transfer program (households) by the Guinness Book of World Records.
Under the scheme, subsidized liquefied petroleum gas (LPG) cylinders are sold at market rates and consumers are entitled to receive LPG subsidy directly into their bank accounts.
The scheme aims at eliminating duplication or bogus LPG connections and its diversion. It also seeks to meet substantive savings in LPG subsidy.
Q.7) Consider the statements regarding Christian divorce law:
- It mandates Christian couples to live separately for two years before they can apply for dissolution of marriage.This is called Judicial separation
- Supreme court has given direction to centre to make a law to change this 147 years old law because today it makes no sense.
- Government is planning to reduce it to one year.
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All of the above are correct
Answer-d
Explanation:- Click here.
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