[Solution] – The 10 PM Daily Quiz – 27 April, 2016

We posted 7 questions in 10 PM Daily Quiz on 27th 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 –  27th April, 2016

Q.1) The provision regarding Uniform Civil Code (UCC) has been made under which of the following  Articles?

a) Article 42

b) Article 44

c) Article 45

d) Article 46

Answer-b

Explanation:- Article 44 in The Constitution Of India

Uniform civil code for the citizens :-The State shall endeavour to secure for the citizens a uniform civil code throughout the territory of India.

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Q.2) Consider the following statements regarding National Court of Appeal

1. According to Central Government, NCA should not be established.
2. According to Supreme Court, NCA should be established.

Select the correct answer using the codes given below:

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Answer-c

Explanation:- Refer Article. Click here.

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Q.3) Consider the following statements regarding  ‘Data Secure Nation’ status:

1. It is a classification that is crucial for the development of its IT and ITES sectors in Europe.
2. EU has granted this status to India.

Select the correct answer using the codes given below:

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Answer-a

Explanation:-

• High on India’s priority list has been access to European markets for Indian service professionals (such as from the IT sector).
• India is keen to obtain ‘data secure’ nation status from the EU, a classification that is crucial for the development of its IT and ITES sectors in Europe. EU considers India insecure in keeping data secure.
• A ‘data secure’ status is needed by EU. This has hampered the progress of negotiations around the liberalization of trade in services in the BTIA.

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Q.4) Consider the following statements regarding Non Performing Assets (NPA) :

1. For short duration crop agriculture loans such as paddy, Jowar, Bajra etc. if the loan (installment / interest) is not paid for 2 crop seasons , it would be termed as a NPA.
2. For Long Duration Crops, the above would be 1 Crop season from the due date.
3. a) 1 only
4. b) 2 only
5. c) Both 1 and 2
6. d) Neither 1 nor 2

Answer-c

Explanation:- What are Non-Performing Assets?

• The assets of the banks which don’t perform (that is – don’t bring any return) are called Non Performing Assets (NPA) or bad loans.
• Bank’s assets are the loans and advances given to customers. If customers don’t pay either interest or part of principal or both, the loan turns into bad loan.
• According to RBI, terms loans on which interest or installment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset.
• However, in terms of Agriculture / Farm Loans; the NPA is defined as under
• For short duration crop agriculture loans such as paddy, Jowar, Bajra etc. if the loan (installment / interest) is not paid for 2 crop seasons , it would be termed as a NPA.
• For Long Duration Crops, the above would be 1 Crop season from the due date.

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Q.5)  Consider the following statements:

1. Full current account convertibility allows local currency to be exchanged for foreign currency without any restriction on the amount
2. At present, the Indian currency is fully convertible on both current and capital account convertibility.
3. Capital Account convertibility means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange.

Select the correct statement using the codes given below:

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) 1, 2, 3

Answer c

Explanation: 

At present, the Indian currency is convertible only on current account, though some capital account transactions are also permitted.

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Q.6) Consider the statements:

1. Ajanta and alora caves also has mural paintings.
2. Murals paintings mainly  depict religious themes of Buddhist, Jain and Hindu religions.

Select the correct statement using the codes given below

a) 1 only

b) 2 only

c) Both are correct

d) Both are wrong

Answer c

Explanation: 

The history of Indian murals starts in ancient and early medieval times, from the 2nd century BC to 8th – 10th century AD. There are known more than 20 locations around India containing murals from this period, mainly natural caves and rock-cut chambers. The highest achievements of this time are the caves of Ajanta, Bagh, Sittanavasal, Armamalai Cave (Tamil Nadu), Ravan Chhaya rock shelter, Kailasanatha temple in Ellora Caves.

Murals from this period depict mainly religious themes of Buddhist, Jain and Hindu religions. There are though also locations where paintings were made to adorn mundane premises, like the ancient theatre room in Jogimara Cave and possible royal hunting lodge circa 7th-century AD – Ravan Chhaya rock shelter.

The pattern of large scale wall painting which had dominated the scene, witnessed the advent of miniature paintings during the 11th & 12th centuries. This new style figured first in the form of illustrations etched on palm-leaf manuscripts. The contents of these manuscripts included literature on Buddhism & Jainism. In eastern India, the principal centres of artistic and intellectual activities of the Buddhist religion were Nalanda, Odantapuri, Vikramshila and Somarpura situated in the Pala kingdom (Bengal & Bihar).

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Q.7) Consider the following statements:

1. Aim of the UNESCO is to contribute the building of peace, the eradication of poverty, sustainable development and international dialogue through education, the sciences, culture and communication and formation.
2. Recently, the United Nations Educational, Scientific and Cultural Organisation (UNESCO) published the “Education for All” Global Monitoring Report.

Select the correct statement/s using the codes given below:

a) 1 only

b) 2 only

c) Both are correct

d) Both are wrong

Answer: c 

UNESCO

United Nations Educational, Scientific and cultural organisation

Its constitution was adopted by the London Conference in November 1945, and entered into effect on 4 November 1946 when 20 states had deposited instruments of acceptance.

It currently has 186 Member States.

The main objective of UNESCO is to contribute to peace and security in the world by promoting collaboration among nations through education, science, culture and communication in order to further universal respect for justice, for the rule of law and for the human rights and fundamental freedoms which are affirmed for the peoples of the world, without distinction of race, sex, language or religion, by the Charter of the United Nations.

To fulfill its mandate, UNESCO performs five principal functions :