[Solution] – The 10 PM Daily Quiz – 21 April, 2016

We posted 7 questions in 10 PM Daily Quiz on 21st 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.

• 10 PM Daily Quiz –  21st April, 2016

Q.1) According to Indian Constitution,  all persons are equally entitled to freedom of conscience and the right freely to profess, practise and propagate religion, subject to

1. Public order
2. Health
3. Ethics
4. Morality
5. Other provisions of Fundamental Rights.

Select the correct answer using the codes given below:
a) 1 and 5 only
b) 1, 2 and 3 only
c) 1, 2, 3 and 5 only
d) 1, 2, 4 and 5 only

Answer-d

Explanation:- Article 25 in The Constitution Of India

Freedom of conscience and free profession, practice and propagation of religion

(1) Subject to public order, morality and health and to the other provisions of this Part, all persons are equally entitled to freedom of conscience and the right freely to profess, practise and propagate religion

(2) Nothing in this article shall affect the operation of any existing law or prevent the State from making any law

(a) regulating or restricting any economic, financial, political or other secular activity which may be associated with religious practice;

(b) providing for social welfare and reform or the throwing open of Hindu religious institutions of a public character to all classes and sections of Hindus Explanation I The wearing and carrying of kirpans shall be deemed to be included in the profession of the Sikh religion Explanation II In sub clause (b) of clause reference to Hindus shall be construed as including a reference to persons professing the Sikh, Jaina or Buddhist religion, and the reference to Hindu religious institutions shall be construed accordingly

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Q.2)MUDRA bank has launched its initiatives in three products. Which of the following is not an initiative of MUDRA bank?

a) Shishu
b) Mangal
c) Kishore
d) Tarun

Answer-b

 

Explanation:-

Micro Units Development and Refinance Agency Bank (MUDRA Bank), is a new institution setup by the Government of India for development of micro units and refinance of MFIs to encourage entrepreneurship in India & provide the funding to the non corporate small business sector.

MUDRA SHISHU Yojana

Under Mudra Shishu Yojana banks are providing loan upto 50,000/-. It is basic scheme and banks are charging very nominal interest rate which is around 10% to 12%.

MUDRA KISHOR Yojana

Under Mudra Kishor Yojana bank are providing loan upto 5,00, 000/- rupee. It is middle scheme & comes in category of unsecured loan & its Interest rate rate is high from14% to 17% depends on bank to bank.

MUDRA TARUN Yojana

Mudra Tarun Yojana is the last scheme of government of India. Under MUDRA Tarun Scheme applicant can apply loan between 5,00,001 to 10,00,000/-. It is also an unsecured Loan and its rate of interest rate is high and starts from 16% and very bank to bank.

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Q.3) Consider the following statements regarding The Energy and Resources Institute (TERI)

1. Green Rating for Integrated Habitat Assessment (GRIHA) was conceived by TERI .
2. TerraGreen is a weekly magazine of TERI on issues of environment, biodiversity, livelihood rights, wildlife, energy, and sustainable development.

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:- Green Rating for Integrated Habitat Assessment (GRIHA) was conceived by TERI and developed with Ministry of New and Renewable Energy, is a national rating system for green buildings in India.

TerraGreen is a monthly magazine of TERI on issues of environment, biodiversity, livelihood rights, wildlife, energy, and sustainable development.

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Q.4) Consider the following statements regarding MGNREGA

1. Work must be provided within 15 days and compensation of half the wage be paid if no work or if there is a delay in providing work
2. Mgnrega provides for 175 days of work in rain hit areas

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 MGNREGA, 2005
An Act to provide for the enhancement of livelihood security of the households in rural areas of the country by providing at least 100 days of guaranteed wage employment in every financial year to every household whose adult members volunteer to do unskilled manual work and for matters connected therewith or incidental thereto
Work must be provided within 15 days and compensation of half the wage be paid if no work or if there is a delay in providing work

Changes in MGNREGA
The UPA Government had planned to increase the number of working days from 100 to 150 before the 2014 Lok Sabha Elections in the country but failed.
The NDA government decided to provide 150 days for rain hit areas

Although the government has realised that the drought areas need more help and raised the guarantee of providing work to 150 days, but has capped on the funding needed and sometimes delayed it, it was only after the intervention of Supreme Court that centre released some funds

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Q.5) Which of these countries are not member of Regional Comprehensive Economic Partnership(RCEP)

1. Maldives
2. Malaysia
3. Myanmar
4. Bangladesh

Select the correct answer using the codes below

a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1 and 4

Answer -d

Explanation

Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) between members of ASEAN and six Countries with which ASEAN has FTAs

ASEAN(Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam)

Six others countries are – Australia, China, India, Japan, South Korea and New Zealand.

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Q.6) consider the following statements regarding presidents rule:

1. At a time, President’s rule can be imposed on a state for a maximum period of 1 year
2. The President’s Rule in a state means that the state is ruled by president directly
3. Bills bringing a state under the President’s Rule cannot be introduced first in the Rajya Sabha

Select the correct statement/s

a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1 only

Answer-c

Explanation:- If approved by both houses, President’s Rule can continue for 6months. It can be extended for maximum 3 years with approval of Parliament in every 6 months.

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Q.7) Consider the following statements:

1. Balance of trade between India and China is in China’s favour
2. India’s export to china are in following sectors: pharmaceutical, meat, IT services.
3. China’s export to India is 10 times to India’s export to china.

Select the correct statement using the codes given below:

a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1 only

Answer-a