The 10 PM Daily Quiz – 18 April, 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.

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Q.1) Which of the following are instances of wilful default?

1. The unit has defaulted in meeting its payment / repayment obligations to the lender even when it has the capacity to honour the said obligations.
2. The unit has defaulted in meeting its payment / repayment obligations to the lender and has not utilised the finance from the lender for the specific purposes for which finance was availed of but has diverted the funds for other purposes.
3. The unit has defaulted in meeting its payment / repayment obligations to the lender and has also disposed off or removed the movable fixed assets or immovable property given for the purpose of securing a term loan without the knowledge of the bank / lender.

Select the correct answer using the codes given below:

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

Q.2) Consider the following pairs

        Organisation                                            Report

1. International Monetary Fund                 World Economic Outlook  
2.  World Bank                                          World Development Report                   
3.   World Bank                                         Economic Outlook  

Which of the above are correctly matched

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

Q.3) Which of the following is considered as hazardous sector for the purpose of the Factories act, as per the new amendments

1. Coal
2. Cement
3. Leather
4. Iron and steel
5. Petroleum

Select the correct answer using the codes given below:

a) 1, 3 and 5 only
b) 2, 4 and 5 only
c) 1, 2, and 4 only
d) 1, 2, 3, 4 and 5

Q.4) Monopolies and Restrictive Trade Practices Act, 1969 (MRTP) was repealed and replaced by which of the following Act?

a) Consumer Protection Act
b) Competition Act
c) Indian Trademark Act
d) None of the above

Q.5) When the water reserves available in sources such as aquifers, lakes and reservoirs fall below the statistical average, it is referred as

a) Meteorological drought
b) Agricultural drought
c) Hydrological drought
d) Ecological drought

Q.6) Consider the following statements regarding International Development Association

1. Offers concessional loans and grants to the world’s poorest developing countries
2. IDA funds are meant for countries with per capita income up to $ 1260.

Select the correct answer using the codes below

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

Q.7)Consider the following statements regarding Venture Capital

1. Venture capital (VC) is money that is provided to seed well established companies
2. Venture capital funds invest in companies in exchange for equity in the companies they invest in

Select the correct answer using the codes below

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