We posted 7 questions in 10 PM Daily Quiz on 20 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.
Q.1) URJA mobile app which is recently released by Government relates to
a) Solar energy
b) Power distribution
c) Supplements for adolescents
d) A drive to tackle drug abuse
Answer-b
Explanation:–
The Union Ministry of Power has launched ‘URJA’- Urban Jyoti Abhiyaan Mobile application for Urban Power Distribution Sector.
The aim of the app is to enhance consumer connect with the Urban Power Distribution sector by providing information of IT enabled towns.
The app allows users to get information of performance of their town, State level DISCOMs on different parameters including their ranking, pending consumer complaints. It also will provide information on average percentage of consumers making e-Payments, power cuts as well as power loss or theft.
Q.2) Which of the following country has won the 2016 Champions Trophy title of Hockey?
a) Australia
b) India
c) South Africa
d) England
Answer-a
Explanation:-
Australia has won the 2016 Champions Trophy title of Hockey by defeating India by 3-1 score. With this victory, Australia created history by winning the title for record 14 times.
Q.3) SWAYAM platform which was in news recently, it is dedicated to
a) Self-Help groups
b) Banking services to marginalised sections
c) Open online courses for students
d) Agricultural updates for farmers
Answer-c
Explanation:-
SWAYAM: It stands for Study Webs of Active-Learning for Young Aspiring Minds. It is the Indian electronic e-education platform which proposes to offer courses from the high school stage to Post-Graduate stage in an interactive electronic platform.
Q.4) Consider the following statements regarding Airport Authority of India
- It is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India.
- It provides Air traffic management (ATM) services over Indian airspace and adjoining oceanic areas.
- It is listed on stock exchange.
Select the correct answer using the codes given below
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3
Answer-a
Explanation:-
It is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India.
It provides Air traffic management (ATM) services over Indian airspace and adjoining oceanic areas.
AAI is implementing the GAGAN project in technological collaboration with the Indian Space Research Organisation (ISRO), where the satellite based system will be used for navigation.
The navigation signals thus received from the GPS will be augmented to achieve the navigational requirement of aircraft.
It is listed on stock exchange. There are demands that it should be listed on stock exchange.
Q.5) Consider the following statements regarding Directorate General of Civil Aviation (DGCA)
- It investigates aviation accidents and incidents.
- It is implementing the GAGAN project in technological collaboration with the Indian Space Research Organisation (ISRO).
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-a
Explanation:-
Directorate General of Civil Aviation (DGCA)
DGCA is India’s regulatory body for civil aviation. It comes under the aegis of Union Ministry of Civil Aviation.
As a regulatory body, it seeks to promote Safe and efficient Air Transportation through regulation and proactive safety oversight system in India.
Enforce civil air regulations, air safety and airworthiness standards in India as per International standards.
It investigates aviation accidents and incidents.
AAI is implementing the GAGAN project in technological collaboration with the Indian Space Research Organisation (ISRO), where the satellite based system will be used for navigation.
Q.6) Consider the following statements regarding peer-to-peer (P2P) lending
- Online P2P lending companies work as marketplaces that bring individual borrowers and lenders together.
- They work with the intervention of traditional financial institutions such as banks and NBFCs.
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-a
Explanation:-
What is P2P lending?
- To bridge the gap of unavailability of proper formal credit, an aggressive breed of loan providers has emerged in India, called peer-to-peer (P2P) lending.
- The concept is not new—it is basically an individual, who is not a financial institution, lending money to another individual.
- P2P lending is similar to a friend lending to you, but in this case, you have to pay an interest on the loan and the lender is a stranger.
- Online P2P lending companies work as marketplaces that bring individual borrowers and lenders together for loan transactions without the intervention of traditional financial institutions such as banks and NBFCs.
- Through partnerships with leading banks, P2P lending is now moving towards offline channels.
Q.7) Consider the following statements regarding Airports Economic Regulatory Authority (AERA)
- It is a a tariff regulator set up by the Executive.
- It has adopted the single-till model for determining aeronautical tariffs
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true
Answer-b
Explanation:-
Airports Economic Regulatory Authority (AERA), a tariff regulator set up by an Act of Parliament in 2009 for major airports across the country. AERA has adopted the single-till model for determining aeronautical tariffs that can be set by airports, wherein passengers and airlines are charged less.
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