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[Solution] – The 10 PM Daily Quiz – 26 May, 2016

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We posted 7 questions in 10 PM Daily Quiz on 26th 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 Unlicensed software:

  1. About 58 per cent of software installed in computers in India in 2015 is unlicensed.
  2. It increases the risk of cyber attacks.

Select the correct answer using the codes given below:

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

Answer c

Explanation:- Click  here.


Q.2) Consider the statements regarding writs:

  1. Writ of habeas corpus mean the arrested person must be brought before the court, that holds the right to set the person free if the grounds of arrest are found to be faulty.
  2. Writ of Prohibition is issued by higher courts when they find that lower courts have made judgments beyond their powers of jurisdiction
  3. Writ of Mandamus is issued when an office holder is found to misuse his duties

Select the correct statements using the codes given below:

a) 1 and 2 only
b) 2 and 3 only
c) All are correct
d) None is correct

Answer c

Explanation:- All statements are correct


Q.3)  Consider the statements regarding CAG:

  1. Article 148 in the Constitution on India provides for the post of Comptroller and Auditor General of India (CAG).
  2. V. Narahari Rao was the first Comptroller and Auditor General of India (CAG).
  3. President appoints the Comptroller and Auditor General of India (CAG), and he does so on the recommendation of the Prime Minister.

Select the correct statements using the codes given below:

a) 1 and 2 only
b) 2 and 3 only
c) All are correct
d) None is correct

Answer-c
Explanation:- All statements are correct


Q.4) Consider the following statements regarding monetizing the debt

  1. A way of paying off or otherwise financing debts accrued by a government by that same government or its independent central bank, in order to print more money and decrease the monetary base.
  2. It is an unconventional monetary policy.

Select the correct answer using the codes given below:

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

Answer-b

Explanation:-

Monetize the debt

  • A way of paying off or otherwise financing debts accrued by a government by that same government or its independent central bank, in order to print more money and increase the monetary base.
  • This can be done by issuing new bonds and/or selling domestic debt to foreign countries.
  • In many countries the government has assigned exclusive power to issue or to print its national currency to a central bank. The government treasury must pay off government debt either with
  1. money it already holds (e.g. income or liquidations from a sovereign wealth fund)
  2. taxes collected from the public
  3. money it creates “out of thin air” (printing press money now electronic)
  4. or by financing it by issuing new bonds
  • Government bonds may be sold to the public directly or to the central bank when government needs money to repay bonds that have come due.
  • The central bank may purchase government bonds by conducting an open market purchase, i.e. by increasing the monetary base through the money creation process.
  • If government bonds that have come due are held by the central bank, the central bank will return any funds paid to it back to the treasury.
  • Thus, the treasury may ‘borrow’ money without needing to repay it. This process of financing government spending is called ‘monetizing the debt.

Q.5) Consider the following statements regarding first -ever policy for the capital goods sector approved by the Cabinet

  1. According to it, the share of domestic production in India’s demand will  be increased from 60 per cent to 80 per cent.

2.It aims to double the value of production of capital goods by 2025.

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:- Key points of the policy

  • It aims to triple the value of production of capital goods to Rs.7.5 lakh crore by 2025 and create more than 21 million jobs.
  • It envisages increasing exports to 40 per cent of production from the present 27 per cent.
  • The share of domestic production in India’s demand will also be increased from 60 per cent to 80 per cent, making India a net exporter of capital goods.
  • It will help in realising the vision of ‘Building India as the World class hub for Capital Goods’.
  • It will also play a pivotal role in overall manufacturing as the pillar of strength to the vision of ‘Make in India’.
  • The objectives of the policy will be met by the Department of Heavy Industry in a time-bound manner through obtaining approval for schemes as per the roadmap of policy interventions.

Q.6) What is the age of a juvenile, according to the draft rules of the Juvenile Justice Act?

a) 16
b) 17
c) 18
d) It has not been decided yet

Answer-d

Explanation:-

Key Points of the draft

  • The rules prescribe detailed child-friendly procedures for the police and the Juvenile Justice Board (JJB) and Children’s court to deal with children in conflict with law.
  • No child between 16 and 18 years of age in conflict with law will be handcuffed or sent to jail or lock-up.
  • Proper medical and legal aid will be provided to juvenile criminals, and their parents and guardians will be duly informed.
  • Every State government is required to set up at least one ‘place of safety’ for the rehabilitation of such children. The rules prescribe extensive services to be provided to such children.
  • Several new offences against children have also been included in the Act such as sale and procurement of children for any purpose, corporal punishment in child care institutions, use of children by militant or adult groups, giving children liquor or narcotic drugs or psychotropic substances or tobacco products.
  • The JJB or the Juvenile Justice Committee will determine the age of the child within 30 days from the date of submission of application.

Q.7) Consider the following statements regarding Article 163 in The Constitution Of India

  1. It is analogous to Article 73, with regarding to its provisions.
  2. According to article 163, the question whether any, and if so what, advice was tendered by Ministers to the Governor can be inquired into in any court.

Select the correct answer using the codes given below:

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

Answer-d

Explanation:- Article 163 in The Constitution Of India

Council of Ministers to aid and advise Governor

(1) There shall be a council of Ministers with the chief Minister at the head to aid and advise the Governor in the exercise of his functions, except in so far as he is by or under this constitution required to exercise his functions or any of them in his discretion

(2) If any question arises whether any matter is or is not a matter as respects which the Governor is by or under this Constitution required to act in his discretion, the decision of the Governor in his discretion shall be final, and the validity of anything done by the Governor shall not be called in question on the ground that he ought or ought not to have acted in his discretion

(3) The question whether any, and if so what, advice was tendered by Ministers to the Governor shall not be inquired into in any court

Article 74 in The Constitution Of India 1949

  1. Council of Ministers to aid and advise President

(1) There shall be a Council of Ministers with the Prime Minister at the head to aid and advise the President who shall, in the exercise of his functions, act in accordance with such advice: Provided that the President may require the council of Ministers to reconsider such advice, either generally or otherwise, and the President shall act in accordance with the advice tendered after such reconsideration

(2) The question whether any, and if so what, advice was tendered by Ministers to the President shall not be inquired into in any court

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