We posted 7 questions in 10 PM Daily Quiz on 19th April, 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:
- Small finance bank can lend but payment banks can not undertake lending activities.
- 50% of payment bank branches must be in the unbanked rural area.
- The aim behind small finance bank is to provide financial inclusion in the sections of the economy not being served by other banks
- Any acquisition of more than 5% in both small finance bank and payment bank, will require approval of the RBI.
Select the correct answer using the codes given below:
a) 1, 2 and 3 only
b) 1, 3 and 4 only
c) 1 and 3 only
d) All of the above
Answer-b
Explanation:- click here
Q.2) Consider the following statements regarding China Pakistan Economic Corridor
- The Corridor would connect Gwadar in Pakistan to Xinjiang
- It is intended to upgrade China’s infrastructure by getting access to Arabian sea via port city Gwadar
Select the correct answer using the codes below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-a
Explanation:-
What is CPEC
- The China Pakistan Economic Corridor is a collection of projects currently under construction, which is intended to rapidly expand and upgrade Pakistan’s infrastructure, as well as deepen and broaden economic links between Pakistan and the People’s Republic of China.
- The corridor is considered to be an extension of China’s ambitious proposed 21st century Silk Road initiative, and is considered central to China–Pakistan relations.
- Infrastructure projects under the aegis of CPEC will span the length and breadth of Pakistan, and will eventually link the Pakistani city of Gwadar in southwestern to China’s northwestern autonomous region of Xinjiang via a vast network of highways and railways
Q.3) Consider the following statements regarding the Universal Declaration of Human Rights
- It was adopted by United Nations General Assembly at London.
- December 10 is celebrated as Human Rights Day.
- UDHR contains 30 articles.
Select the correct answer using the codes below
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1,2 and 3
Answer-b
Explanation:-
UDHR 1948
The Universal Declaration of Human Rights (UDHR) is a declaration adopted by the United Nations General Assembly on 10 December 1948 at the Palais de Chaillot, Paris
The Declaration consists of thirty articles which have been elaborated in subsequent international treaties, economic transfers, regional human rights instruments, national constitutions, and other laws.
10 December is known as Human Rights Day or International Human Rights Day
Q.4) Which of the following countries are the members of Organisation of Islamic Cooperation (OIC)?
- India
- Bangladesh
- Indonesia
- Maldives
Select the correct answer using the codes given below:
a) 1 and 4 only
b) 2 and 3 only
c) 3 and 4 only
d) 2, 3 and 4 only
Answer-d
Explanation:-
The Organisation of Islamic Cooperation has 57 members, 56 of which are also member states of the United Nations. Some, especially in West Africa, are – though with large Muslim populations – not necessarily Muslim majority countries. A few countries with significant Muslim populations, such as Russia and Thailand, sit as Observer States, while others, such as India and Ethiopia, are not members.
Q.5) Dhirendra Singh Committee is related to which of the following?
a) Defence Procurement
b) Payment Banks
c) Human Rights
d) Money Laundering
Answer-a
Explanation:-
- The DPP 2016 has been framed based on the recommendations of the Dhirendra Singh Committee that was appointed in May 2015 to review the DPP 2013.
- The Committee was tasked to evolve a policy framework to facilitate Make in India in defence manufacturing in order align the policy evolved with DPP-2013.
- It was also tasked to suggest requisite amendments in DPP-2013 in order to remove bottlenecks in the procurement process and also rationalize various aspects of defence procurement.
Q.6) Consider the statements regarding composition of National Human Rights Commission (NHRC)
- Chairperson of National Commission of Women serve as the ex-officio member.
- The Chairperson of NHRC has to be a retired Chief Justice of India.
Select the correct statement/s using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer-c
Explanation:- Article
The NHRC (National Human Rights Commission) consists of:
- A Chairperson, retired Chief Justice of India
- One Member who is, or has been, a Judge of the Supreme Court of India
- One Member who is, or has been, the Chief Justice of a High Court
- Two Members to be appointed from among persons having knowledge of, or practical experience in, matters relating to human rights
- In addition, the Chairpersons of four National Commissions of ( 1.Minorities 2.SC and ST 3.Women) serve as ex officio members.
Q.7) Consider the statements regarding Disinvestment:
1. Increasing finances for the government are reasons behind disinvestment by government in a PSU
2. Disinvestment can be done only through one method that is IPP (Institutional Placement Program)
Select the correct statement/s using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither is true
Answer-a
Explanation:- There are two methods for disinvestment:
IPP:
- Via Institutional placement program. Directly selling the shares to another company / institution / mutual fund or other large player.
- Requires more clearances.
- Friendly to institutional investors (Mutual funds, pension /insurance funds etc.)
Via stock exchange:
- Directly selling shares on stock exchange
- Faster, needs less clearances.
- SEBI requires in each PSU, minimum 25% shares be held by public.
- Hence Government using this method to quickly comply with SEBI norms.
- Friendly to retail investors.
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