The 10 PM Daily Quiz – 8 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.

—————————————————–

Q.1) The provisions of the Administrative Tribunals Act, 1985 do not apply to which of the following:
1. Members of paramilitary forces
2. Armed forces of the Union
3. Officers or employees of the Supreme Court

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

Q.2) Devang Khakhar committee is related to which of the following?
a) Liberalised remittance scheme
b)  Liberal education loan linkage for IIT students
c) Central Administrative Tribunal (CAT)
d) Income Tax Act

Q.3) Consider the following statements regarding Open Market Operations
1. Open market operations (OMO) refer to the buying and selling of government securities in the open market by the government.
2. In the case of excess liquidity, RBI resorts to purchase of Government-securities.

Select the correct answer using the codes given below
a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Q.4) Consider the following statements regarding GDP deflator

1.  The GDP deflator is the ratio of real GDP to nominal GDP in country.
2.  While the GDP deflator reflects the prices of goods, it does not account for the quantities of goods for the economy.

Select the correct answer using the codes given below

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

Q.5) Consider the following statements regarding Minimum Wages Act 1948

1. The Act provides for fixing wage rate for any industry that has at least 2000 workers.
   2. It is mandatory for the employer to maintain records of all employee’s work, wages and receipts
2. The number of hours that are to be fixed for a normal working day should have one or more intervals/breaks included.

Select the correct answer using the codes given below

a) 1 and 3 only
b) 2 and 3 only
c) 3 only
d) All of these

Q.6) Consider the following statements regarding Open-source software (OSS)

1. Source code is publicly accessible, students can learn to make better software by studying what others have written.
2. It is not free of charge and some compulsory fee has to be paid.
3. It is not secure platform

Select the correct answer using the codes given below
a) 1 only
b) 1 and 2 only
c) 1 and 3 only
d)All of these

Q.7)Consider the following statement
1. For the first time in february 1991 RBI announced a scheme called Liberalised remittance scheme where an Individual can take $ 25000 a year abroad.
2. Limit of 25000$ changed to 250,000$ in 2016.
3. RBI also allows setting up of companies abroad in 2013
4. Overseas Direct Investment Scheme where an Individual could go and set up 100% subsidiary or could also invest in a joint venture

Select the correct statement’s using the codes given below:
a) 1 and 2 only
b) 2 and 3 only
c) 2 and 4 only
d) 3 and 4 only