[Solution] – The 10 PM Daily Quiz – 1 June, 2016

We posted 7 questions in 10 PM Daily Quiz on 1 June, 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.

• 10 PM Daily Quiz – 1 June, 2016

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Q.1) Consider the two statements:

1. The United States, with the consent of the United Kingdom as laid down in the Quebec Agreement, dropped nuclear weapons on the Japanese cities of Hiroshima and Nagasaki in August 1945, during the final stage of World War II.
2. Barack Obama becomes the first serving US President to visit Hiroshima after his recent visit.

Select the correct statement using the codes given below:

a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer c

Explanation:- Click here

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Q.2) Consider the two statements:

1. ASER – 2014 report highlighted that standards of education in the India has fallen.
2. School choice is a term or label given to a wide array of programs offering students and their families alternatives to publicly provided schools, to which students are generally assigned by the location of their family residence.

Select the correct statement using the codes given below:

a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer c

Explanation:- Click here

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Q.3) Consider the two statements regarding growth in core sector:

1. Core sector output is in the positive territory with an 8.5 per cent growth in April.
2. This is due to a low base and better performance by petroleum refinery, fertiliser, steel, cement and electricity sectors.

Select the correct statement using the codes given below:

a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer c

Explanation:- Click here

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Q.4) Consider the following statement regarding scope of activities of payments banks
1. It can issue credit cards.
2. It can deal with distribution of non-risk sharing simple financial products like mutual fund units and insurance products, etc.
Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer-b

Explanation:-

Scope of Activities

1. Acceptance of demand deposits. 2. Payments bank will initially be restricted to holding a maximum balance of Rs. 100,000 per individual customer. 3. Issuance of ATM/debit cards. Payments banks, however, cannot issue credit cards. 4. Payments and remittance services through various channels. 5. BC of another bank*. 6. Distribution of non-risk sharing simple financial products like mutual fund units and insurance products, etc.

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Q.5) With reference to fiscal deficits, consider the following statements
1. Originally, the Fiscal Responsibility and Budget Management Act has given the Range Deficit Target for Fiscal deficit.
2. Currently, the government is considering to shift to Point Deficit Target for Fiscal deficit.

Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer-d

Explanation:- 1. Originally, the Fiscal Responsibility and Budget Management Act has given the Point Deficit Target for Fiscal deficit.
2. Currently, the government is considering to shift to Range Deficit Target for Fiscal deficit.

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Q.6) Consider the following statements about Public Interest Litigation (PIL)

1. Public Interest Litigation (PIL) is defined under Indian Penal Code (IPC).
2. The judicial activism through PIL began in 90’s.

Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer-d

Explanation:–

Evolution of Judicial Activism

• The judicial activism began in 80’s when access to courts was opened up to the poor, indigent and disadvantaged sections of the nation and their basic rights were enforced through what has now become the Public Interest Litigation (PIL).
• PUBLIC INTEREST LITIGATION is not defined in any statute or in any act. It has been interpreted by judges to consider the intent of public at large.

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Q.7)  Consider the following statements regarding Public Service Commission
1.  The first Commission at the provincial level was the Bengal Service Commission established in 1930 under a 1929 Act of the Bengal legislature.
2. Articles 315 to 321 of the Constitution of India govern the establishment and composition of the Commission as well as their consultative functions.

Select the correct statement using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is correct

Answer-b

Explanation:– The first Commission at the provincial level was the Madras Service Commission established in 1930 under a 1929 Act of the Madras legislature. The Government of India Act, 1935 provided for the establishment of a Public Service Commission for each Province. Accordingly, under the 1935 Act seven Public Service Commissions were established in 1937; for the Provinces of Assam (at Shillong), Bengal (at Calcutta), Bombay and Sindh (at Bombay) Central Provinces, Bihar and Orissa (at Ranchi), Madras (at Madras), Punjab and North-West (at Lahore) and United Province (at Allahabad). All the 28 State Public Service Commissions including the successors of the older Provincial Public Service Commissions, participate in the National Conference. The list of 28 PSCs is at Annexure.

  Articles 315 to 321 of the Constitution of India govern the establishment and composition of the Commission as well as their consultative functions.