The 10 PM Daily Quiz – 16 may, 2016

Hi Friends,

Starting Monday, March 28, 2016 We are taking up a new initiatives for Prelims 2016 . We will be posting a 7-10 Questions Quiz based on 9 PM Brief, on a daily basis.

The purpose of these is to enable practise on a daily level for you to prepare Current Affairs for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent overview of 9 PM Brief

Please type your answers in the comments below .

Note : Answers to the quiz will be posted one day later.

Q.1) Consider the statements regarding IDBI Bank:

1. It is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India.
2. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

Select the correct statement using the codes given below:

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

Q.2) Consider the following statements:

1. The southwest monsoon is a continuation of the southeast trade wind, deflected towards the Indian subcontinent after crossing the equator.
2. A positive Southern Oscillation Index (SOI) indicates a good Indian monsoon.
3. A negative SOI is often seen in the El-Nino years.

Select the correct statement using the codes given below:

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

Q.3) Consider the statements:

1. If these three components are present then it may be an El Nino; Sea surface warms in the eastern equatorial Pacific, Trade winds weaken, SOI index is negative.
2. Some difference between El nino and La Nina are: In La Niña, the trade winds strengthen, and in El Niño they slacken or reverse; Sea level rises at Easter Island during an El Niño; The warm pool is shifted to the west during La Niña.

Select the correct statement using the codes given below:

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

Q.4) Which of the following statements fall under the definition of Money Bill

1. A bill that contains provision for imposition, abolition, remission, alteration or regulation of any tax.
2. A bill that contains provision for appropriation of moneys out of the consolidated Fund of India.
3. A bill that provides for the imposition of fines or other pecuniary penalties.

Select the correct statement using the codes given below:

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

Q.5) Consider the following statements regarding procedure for the passing of Money Bills

1. 1. A Money shall not be introduced in the Council of  States.  
2. After a Money Bill has been passed by the House of the People it shall be transmitted to the Council of States for its recommendations and the Council of States shall within  as period  of twenty days  from the date of receipt  of the Bill return the Bill to the House of the people  with  its recommendations.
3. If the House of the People  does not accept any of the recommendations of the Council of States  the Money Bill shall be deemed  to have  been passed  by both Houses in the form in which  it was passed  by the House of the People  without  any of the amendments recommended by the Council of States.

Select the correct statement using the codes given below:

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

Q.6) Government of India maintains buffer stocks for which of the following

1. Wheat
2. Rice
3. Pulses
4. Sugarcane

Select the correct statement using the codes given below:

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

Q.7)  Consider the following statements regarding Foreign Contribution Regulation Act

1. The main objective of the Act is to consolidate the law to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain individuals or associations or companies.
2. Ministry of External Affairs is responsible for the implementation of FCRA so that Sovereignty, Democracy and Republican Nature of the Indian Government is preserved.

Select the correct statement using the codes given below:

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