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[Solution] – The 10 PM Daily Quiz – 14th May, 2016

We posted 7 questions in 10 PM Daily Quiz on 14th 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

  1. Government has approved a three-level planning framework for replacing the five-year plans.
  2. This framework will have an over-arching 5-year aspirational plan for achieving the Sustainable Development Goals.

Select the correct statements from the codes given below

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

Answer a

Explanation:-

It will have an over-arching 15-year aspirational plan for achieving the Sustainable Development Goals.


Q.2) Consider the following statements

  1. The Aguada Central Jail, Mumbai’s erstwhile prison is to be transformed into a museum.
  2. Aguda central jail will be the first prison in India to be converted into a museum.

Select the correct statements from the codes given below

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

Answer d

Explanation:-

  • The Aguada Central Jail, Goa’s erstwhile prison that stands in a scenic spot overlooking the Arabian sea, is to be transformed into a museum.
  • Aguada Jail Museum will join the ranks of Dhagshai Jail Museum in Himachal Pradesh and the Cellular Jail Museum in the Andamans.

Q.3) Consider the following statements Incremental Capital Output Ratio (ICOR)

  1. It is the additional capital required to increase one unit of output.
  2. This ratio is used to measure the efficiency of an industrial unit or country as an economic unit.

Select the correct statements from the codes given below

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

Answer c

Explanation:-

Incremental Capital Output Ratio (ICOR) is the additional capital required to increase one unit of output. This ratio is used to measure the efficiency of an industrial unit or country as an economic unit. Lesser the ICOR, more efficient is the organization.


Q.4) Consider the statements regarding defamation law:

  1. Supreme court is in view that right to reputation is a constituent of Article 21 of the Constitution. It is an individual’s fundamental right.
  2. Whoever defames another shall be punished with simple imprisonment for a term which may extend to two years, or with fine, or with both.

Select the correct statement using the codes given below:

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

Answer-c

Explanation:- Click here


Q.5) Consider the following statements regarding EXIM Bank of India?

  1. Export-Import Bank of India is the premier export finance institution in India, established in 1982 under the Export-Import Bank of India Act 1981.
  2. Exim Bank is managed by a Board of Directors,and RBI is one of its representative.
  3. India’s Exports shrinks to 6.7 per cent in April, narrowing the trade deficit by 20 per cent.

Select the correct answer using the codes given below:

a) 1 only
b) 1 and 2 only
c) All are correct
d) 3 only

Answer c

Explanation:– All the statements are correct


Q.6) Consider the following statements regarding core inflation:

  1. Core inflation is a measure of inflation that excludes certain items that face volatile price movements.
  2. Core inflation is calculated using the Consumer Price Index (CPI) by excluding such commodities.

Select the correct statement using the codes given below:

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

Answer-c

Explanation:– Click here


Q.7) Consider the follwoing statements using the statements given below:

  1. Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
  2. Recently Government has announced “all-encompassing” National Intellectual Property Rights (IPR) Policy.

Select the correct statement using the codes given below:

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

Answer-c

Explanation:– Click here.

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  • Ramsay Bolton

    India’s imports shrunk more than its exports.

  • Megamind

    thanks… forum ias

  • Megamind

    Q.N. 5.. Ans 1&2.. why? becoz export shrink broadens the trade deficit… not narrows..