We posted 7 questions in 10 PM Daily Quiz on 22nd 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) Surge pricing was in news recently, it is related to which of the following sector?
a) Banking sector
b) Agriculture sector
c) Transportation sector
d) Coal Industry
Answer-c
Explanation:- Click here.
Q.2) The Commonwealth Ministerial Action Group (CMAG) is responsible for upholding which of the following declaration?
a) Rio declaration
b) Paris declaration
c) Nairobi declaration
d) Harare declaration
Answer-d
Explanation:- The Commonwealth Ministerial Action Group on the Harare Declaration, abbreviated to CMAG, is a group of representatives of members of the Commonwealth of Nations that is responsible for upholding the Harare Declaration.
The Harare Commonwealth Declaration was a declaration of the Commonwealth of Nations, setting out the Commonwealth’s core principles and values, detailing the Commonwealth’s membership criteria, and redefining and reinforcing its purpose. The Declaration was issued in Harare, Zimbabwe, on 20 October 1991, during the twelfth Commonwealth Heads of Government Meeting. It reaffirmed the political principles laid out in the Singapore Declaration of twenty years before, and (along with the Singapore Declaration) is considered one of the two most important documents to the Commonwealth’s uncodified constitution.
Q.3) A Proclamation issued under article 356 except where it is a Proclamation revoking a previous Proclamation, cease to operate at the expiration of _______ months unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament. Choose the correct answer from the options given below.
a) 2 months
b) 1 month
c) 6 months
d) 3 months
Answer-a
Explanation:- Article 356 in The Constitution Of India
- Provisions in case of failure of constitutional machinery in State
(1) If the President, on receipt of report from the Governor of the State or otherwise, is satisfied that a situation has arisen in which the government of the State cannot be carried on in accordance with the provisions of this Constitution, the President may be Proclamation
(a) assume to himself all or any of the functions of the Government of the State and all or any of the powers vested in or exercisable by the Governor or any body or authority in the State other than the Legislature of the State;
(b) declare that the powers of the Legislature of the State shall be exercisable by or under the authority of Parliament;
(c) make such incidental and consequential provisions as appear to the president to be necessary or desirable for giving effect to the objects of the Proclamation, including provisions for suspending in whole or in part the operation of any provisions of this constitution relating to any body or authority in the State Provided that nothing in this clause shall authorise the President to assume to himself any of the powers vested in or exercisable by a High Court, or to suspend in whole or in part the operation of any provision of this Constitution relating to High Courts
(2) Any such Proclamation may be revoked or varied by a subsequent Proclamation
(3) Every Proclamation issued under this article except where it is a Proclamation revoking a previous Proclamation, cease to operate at the expiration of two months unless before the expiration of that period it has been approved by resolutions of both Houses of Parliament.
Q.4) Consider the following statements regarding Priority Sector Lending (PSL)
- The domestic banks and foreign banks with 25 and more branches have to disburse 40% of the Net Bank Credit (NBC) to Total Priority sector.
- PSL is essentially meant for an all round development of the economy as opposed to focusing only on the financial sector.
Select the correct answer using the code given below
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer-b
Explanation:- What is Priority Sector Lending
Priority Sector Lending(PSL) is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections.. This is essentially meant for an all round development of the economy as opposed to focusing only on the financial sector.
The domestic banks and foreign banks with 20 and more branches have to disburse 40% of the Net Bank Credit (NBC) to Total Priority sector, out of which 18% should be total agricultural advances. The Foreign banks with less than 20 branches have been given a target of 32% of the Net Bank Credit to priority sector, however, there is no lower limit fixed for agriculture.
But the new norms suggest that foreign banks with less than 20 branches also have to achieve 40% PSL like all other banks and up in a phased manner till the year to March 2020.
Q.5) With reference to the Road Transport and Safety Bill, 2014 which of the following statements is/are correct?
- “Minor” will be considered as an unauthorised person
- Vehicle will be impounded for 6 months if the offences has been repeated
Select the correct answer using the code given below
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer -a
Explanation
New Road Transport and Safety Bill, 2014
- Enhances the fine to Rs 10,000, mentions a “minor” is an unauthorised person
- The fine has been increased to Rs. 10,000
- “Minor” will be considered as an unauthorised person
- Vehicle will be impounded for 2 months if the offences has been repeated
- Penalty points on repeat offenders will lose their license
- Road contractors or companies will also incur penalties in not complying by road design standards, road construction and maintenance
Q.6) Consider the following policies regarding Road Transport and Safety Bill, 2014
- Bill proposes a simpler transparent, single window driver licensing system that is based on biometric to avoid duplication
- Bill proposes a Unified Vehicle Registration System integrating all stakeholders like manufacturer, owner, transport authority, insurer and enforcement agency
Select the correct answer using the code given below
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer -c
Explanation:-
Other norms of the Road Transport and Safety Bill, 2014
- Unified Driver Licensing System- The bill proposed a simpler transparent, single window driver licensing system that is based on biometric to avoid duplication
- Unified Vehicle Registration System- It proposes a Unified Vehicle Registration System integrating all stakeholders like manufacturer, owner, transport authority, insurer, enforcement agency all in one eco-system with private sector participation in establishing fitness certification centres to create more jobs. It will make transfer of vehicles across states easy using online system.
- Road Safety & Traffic Management- Electronic enforcement in urban clusters using modern safety technologies with special emphasis for safety of vulnerable road users, creation of motor accident fund for immediate relief to accident victim special emphasis on safety of school children and security of women
- National Road Transport & Multimodal Coordination Authority- Creation of National Road Transport & Multimodal Coordination Authority for improving quality of road transportation, focus on developing integrated transport systems & multi-modal hubs and feeder system and last mile connectivity for people friendly mobility.
- Goods Transport & National Freight Policy- Simplified permits and single portal clearances, identification and development of freight networks, address bottlenecks concerning trucking industry and increase in logistics efficiency will reduce inflation and enable Indian manufacturing to become globally competitive.
Q.7) Consider the following regarding increased the FDI cap in Ecommerce to 100%
- 100% FDI will simplify business contracts between companies.
- The opening up of the sector to FDI has come with a pre-condition that bars marketplaces from offering discounts on their own
Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither are true
Answer – c
Explanation
FDI in e-commerce: Who are we protecting?
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