Daily Quiz 2.0: April 5
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Question 1 of 6
1. Question
1 pointsCategory: Current AffairsWhich of the following South East Asian country is a member of BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) group:-
Correct
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Incorrect
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
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Question 2 of 6
2. Question
1 pointsCategory: Current AffairsPlease consider the following statements regarding ‘Sagar Mala project’, which of the following are the initiatives planned under the project:-
- Modernize port infrastructure
- Improving port connectivity through rail corridors
- Creating 14 coastal economic zones
- Allocating funds for shipping industry
Answer using the codes below
Correct
The initiatives planned under Sagar Mala project are:-
- Modernise port infrastructure, add up to six new ports and enhance capacity.
- Improve port connectivity through rail corridors, freight-friendly expressways and inland waterways.
- Create 14 coastal economic zones or CEZs and a special economic zone at Jawaharlal Nehru Port Trust in Mumbai with manufacturing clusters to enable port-led industrialisation.
- Develop skills of fishermen and other coastal and island communities.
Incorrect
The initiatives planned under Sagar Mala project are:-
- Modernise port infrastructure, add up to six new ports and enhance capacity.
- Improve port connectivity through rail corridors, freight-friendly expressways and inland waterways.
- Create 14 coastal economic zones or CEZs and a special economic zone at Jawaharlal Nehru Port Trust in Mumbai with manufacturing clusters to enable port-led industrialisation.
- Develop skills of fishermen and other coastal and island communities.
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Question 3 of 6
3. Question
1 pointsCategory: Current AffairsWhich of the following statement(s) is/are correct about BRICS:-
- BRICS group comprises of more than 50% of world population
- 9 BRICS group summits have taken place so far.
- The headquarter of New Development Bank of BRICS is situated in Johannesburg, South Africa
Answer using the codes below:-
Correct
Explanations:-
BRICS brings together five major emerging economies, comprising 43% of the world population, having 30% of the world GDP and 17% share in the world trade.
8th and most recent summit of BRICS was held in Goa.
The New Development bank is headquartered in Shanghai, China. The first regional office of the NDB will be opened in Johannesburg, South Africa.
Hence all statements are incorrect.Incorrect
Explanations:-
BRICS brings together five major emerging economies, comprising 43% of the world population, having 30% of the world GDP and 17% share in the world trade.
8th and most recent summit of BRICS was held in Goa.
The New Development bank is headquartered in Shanghai, China. The first regional office of the NDB will be opened in Johannesburg, South Africa.
Hence all statements are incorrect. -
Question 4 of 6
4. Question
1 pointsCategory: Current AffairsDigiShala is a:-
Correct
Incorrect
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Question 5 of 6
5. Question
1 pointsCategory: Current AffairsMatch the following:-
1.Scheme for Sustainable Structuring of Stressed Assets – Transferring equity of the company by promoters to the lenders to compensate for their sacrifices
2. Strategic Debt Restructuring (SDR) scheme – Large amount loans are restructured by separating a sustainable loan from an unsustainable loan
3. Mission Indradhanush – Seven elements for revamping functioning of public sector banks
4. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – It allows banks and other financial institution to auction residential or commercial properties to recover loans.Which of the above measure by government to fight problem stressed assets and it’s proposals are not matching correctly:-
Correct
Under Scheme for Sustainable Structuring of Stressed Assets, large ticket loans are restructured by separating a sustainable loan from an unsustainable loan.
Strategic debt restructuring is a new mechanism introduced by the RBI in order to deal with NPAs by helping banks t0 recover their loans by taking control of the distressed listed companies.
Finance minister launched a seven pronged plan– Indradhanush–to revamp functioning of public sector banks.
The seven elements include appointments, board of bureau, capitalisation, de-stressing, empowerment, framework of accountability and governance reforms.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the Sarfaesi Act) is an Indian law .It allows banks and other financial institution to auction residential or commercial properties to recover loans. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this actIncorrect
Under Scheme for Sustainable Structuring of Stressed Assets, large ticket loans are restructured by separating a sustainable loan from an unsustainable loan.
Strategic debt restructuring is a new mechanism introduced by the RBI in order to deal with NPAs by helping banks t0 recover their loans by taking control of the distressed listed companies.
Finance minister launched a seven pronged plan– Indradhanush–to revamp functioning of public sector banks.
The seven elements include appointments, board of bureau, capitalisation, de-stressing, empowerment, framework of accountability and governance reforms.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the Sarfaesi Act) is an Indian law .It allows banks and other financial institution to auction residential or commercial properties to recover loans. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this act -
Question 6 of 6
6. Question
1 pointsCategory: Current AffairsThe objectives of ‘Pradhan Mantri Ujjwala Yojana’ are:-
- Providing 5 Crore LPG connections to BPL households in the country.
- Replacing the firewood with the LPG as cooking fuel only
- Women empowerment
Which of the above statement(s) is/are correct, answer using the codes below:-
Correct
Ujjwala Yojana is aimed at providing 5 Crore LPG connections in the name of women in BPL (Below Poverty Line) households across the country. Hence statement 1 is correct.
The scheme is aimed at replacing the unclean cooking fuels mostly used in the rural India with the clean and more efficient LPG (Liquefied Petroleum Gas). As unclean cooking fuels also includes other form of fuels like Kerosene oil, statement 2 is incorrect.
One of the objectives of the scheme is empowering women and protecting their health. Statement 3 is correct.Incorrect
Ujjwala Yojana is aimed at providing 5 Crore LPG connections in the name of women in BPL (Below Poverty Line) households across the country. Hence statement 1 is correct.
The scheme is aimed at replacing the unclean cooking fuels mostly used in the rural India with the clean and more efficient LPG (Liquefied Petroleum Gas). As unclean cooking fuels also includes other form of fuels like Kerosene oil, statement 2 is incorrect.
One of the objectives of the scheme is empowering women and protecting their health. Statement 3 is correct.
