[Solution] – The 10 PM Daily Quiz – 23 June, 2016

We posted 6 questions in 10 PM Daily Quiz on 24 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 – 23 June, 2016

Q.1) Consider the following statements regarding Non Aligned Movement

1. It was established by Bandung Conference.
2. The Non-Aligned movement was established as a formal organization.

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

Answer-d

Explanation:-

The Non-Aligned movement was never established as a formal organization, but became the name to refer to the participants of the Conference of Heads of State or Government of Non-Aligned Countries first held in 1961. The term “non-alignment” was established in 1953 at the United Nations.

A significant milestone in the development of the Non-Aligned Movement was the 1955 Bandung Conference, a conference of Asian and African states hosted by Indonesian president Sukarno, who gave a significant contribution to promote this movement. Bringing together Sukarno, U Nu, Nasser, Nehru, Tito, Nkrumah and Menon with the likes of Ho Chi Minh, Zhou Enlai, and Norodom Sihanouk, as well as U Thant and a young Indira Gandhi, the conference adopted a “declaration on promotion of world peace and cooperation”, which included Nehru’s five principles, and a collective pledge to remain neutral in the Cold War. Six years after Bandung, an initiative of Yugoslav president Josip Broz Tito led to the first Conference of Heads of State or Government of Non-Aligned Countries, which was held in September 1961 in Belgrade.The term non-aligned movement appears first in the fifth conference in 1976, where participating countries are denoted as members of the movement.

Q.2) Consider the following statements regarding  Ujjwal Discom Assurance Yojana (UDAY)

1.Allows power DISCOMs in selected states to convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants

2.  It shifts 50 per cent of power DISCOMs debt burden to states’ balance sheets.

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

Answer-a

Explanation:-

UDAY Scheme

• Allows power DISCOMs in selected states to convert their debt into state bonds as well as roll out number of measures to improve efficiency at power plants.
• Seeks to ensure that struggling DISCOMs can shake off years of losses and start on a path to profitability. Assures the rise of vibrant and efficient DISCOMs: through four initiatives (i) Improve operational efficiencies of DISCOMs (ii) Reduce of cost of power (iii) Reduce interest cost of DISCOMs (iv) Enforce financial discipline on DISCOMs through alignment with State finances.
• Debt Burden: Shifts 75 per cent of power DISCOMs debt burden to states’ balance sheets. This step would result in interest cost savings to the tune of 3-5 per cent.
• State Power Bonds or loans: Selected states would be able to sell the balance 25 per cent as state-backed power bonds or loans which will carry interest rates of g-sec plus 50 basis points.
• Improve operational efficiency: by implementing steps like (i) swapping of coal linkages (ii) monitoring aggregate technical and commercial (AT&C) losses (iii) Focus on smart metering and feeder separation in states.

Q.3)  Consider the following statements regarding presenting railway budget as a different document, along  with the general budget

1. It was done after the recommendation of Acworth Committee.
2. First time, it was done in 1935.

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

Answer-a

Explanation:-

When did this practice started?

• The East India Railway Committee, chaired by Sir William Acworth, hence also known as the Acworth Committee, pointed out the need for unified management of the entire railway system.
• On the recommendations of this committee and ratification of the resolution for separation in 1924, the government took over the actual management of all the railways, and also separated the railway finances from the general governmental finances, leading to the practice of presenting the Railway Budget separately from the general budget of India every year.

Q.4)  Consider the following statements regarding power of Directorate General of Civil Aviation (DGCA)

1. It is empowered to impose fines and penalties on airlines and airports if the fail to comply with the air regulations.
2. It is empowered to suspend airlines/airport operations or seize their licences.

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

Answer-b

Explanation:– Click here.

Q.5) Consider the following pairs

1. Mcmahon Line          India and China
2.  Radcliffe Line          India and Pakistan
3. 38th Parallel            North Korea and South Korea

Select the correct answer using the codes given below:
a) 1 and 2 only
b) 1 and 3 only
c) 2 and 3 only
d) 1, 2 and 3

Answer-d

Explanation:-

Q.6) Among the ASEAN (Associates of Southeast Asian Nations) nations, which is the only landlocked country?
a) Myanmar
b) Brunei
c) Laos
d) Vietnam

Answer-c
Explanation:- Click here