The 10 PM Daily Quiz – 2 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 GDP:

1. GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time.
2. High growth of GDP is a sufficient measure for a good economy.

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

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

Q.2) Consider the statements regarding Hoarding:

1. It is the practice of obtaining and holding scarce resources, possibly so that they can be sold to customers for profit.
2. Government is the biggest hoarder in the agricultural market.

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

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

Q.3) Consider the statements regarding indirect tax:

1. A tax levied on goods and services rather than on income or profits.
2. Indirect taxes does not affect all Indians alike, rich and poor.
3. Poor generally give higher indirect tax as compared to wealthier.

Select the correct statements using the codes given below:

a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) All are correct

Q.4) Consider the statements regarding NPA’s:

1. A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 120 days.
2. Public sector banks have more NPA’s than Private sector banks and foreign banks.
3. Reasons for higher NPA’s in recent years is overall economic downturn domestically and globally.
4. There are many factors causing NPA’s but it has found that it does not have willful defaulters as a cause for NPA.

Select the correct statements using the codes given below:

a) 1 and 2 only
b) 1, 2 and 3 only
c) 2, 3 and 4 only
d) All are correct

Q.5) Consider the following statements regarding Banks Board Bureau (BBB)

1. RBI Governor is the ex-officio member of the BBB.
2. BBB has been set up by an act of Parliament.
3. It gives recommendations for appointment of full-time Directors as well as non-Executive Chairman of PSBs.

Select the correct answer using the codes given below:
a) 1, 2 and 3
b) 2 and 3 only
c) 1 and 2 only
d) 3 only

Q.6) Direct Benefits Transfer for LPG(DBTL) Consumers Scheme is also known as

a) UJALA
b) ROSHNI
c) PAHAL
d) UTKARSH

Q.7)   Consider the following statements regarding  Pradhan Mantri Ujjwala Yojana (PMUY)

1. The tagline for the scheme is Swachh Indhan, Swachh Bharat.
2. It is for the first time that  Union Ministry of Petroleum and Natural Gas is implementing a welfare scheme.

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

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