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QUIZ – 2016: Insights Current Affairs Quiz- 119
- May 21, 2016
- Posted by: INSIGHTS
- Category: QUIZ 2015-16
Insights Current Affairs Quiz (2016) – 119
21 May 2016
The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2016. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
INSIGHTS CURRENT EVENTS QUIZ 2016
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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
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Question 1 of 4
1. Question
2 pointsThe Telecom Regulatory Authority of India (TRAI) recently passed an order which led to the social networking giant ‘Facebook’ to withdraw from India its ‘Free Basics’ initiative. Which of the following matches the TRAI order?
Correct
Solution: d.
The Telecom Regulatory Authority of India issued a consultation paper on free data seeking comments from stakeholders whether business models which provide free data or suitable reimbursement to users could be allowed without violating the differential pricing norms set by the regulator.
Earlier this year, TRAI had banned the practice of differential pricing of data or allowing telecom service providers to offer differential pricing for access to specific applications or websites. The move put the end to Facebook’s Free Basics. Now, the regulator is looking at different models which can work within its regulatory framework.
http://www.thehindu.com/business/Industry/trai-seeks-comments-on-free-data/article8621787.ece
Incorrect
Solution: d.
The Telecom Regulatory Authority of India issued a consultation paper on free data seeking comments from stakeholders whether business models which provide free data or suitable reimbursement to users could be allowed without violating the differential pricing norms set by the regulator.
Earlier this year, TRAI had banned the practice of differential pricing of data or allowing telecom service providers to offer differential pricing for access to specific applications or websites. The move put the end to Facebook’s Free Basics. Now, the regulator is looking at different models which can work within its regulatory framework.
http://www.thehindu.com/business/Industry/trai-seeks-comments-on-free-data/article8621787.ece
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Question 2 of 4
2. Question
2 pointsConsider the following statements with reference to the updated base year and weights for the various goods and services in the Consumer Price Index (CPI):
- The base year is 2012
- Weights for food and fuel items add up to about 60%
Which of the statements above is/are correct?
Correct
Solution: a.
According to Volume 2 of the Economic Survey 2014-15, food and fuel add up to 59.2% (49.7+9.5) of total weight. The new CPI accords fuel and food a combined weight of 65.6%.
http://blogs.economictimes.indiatimes.com/et-editorials/should-food-and-fuel-decide-policy-rates/
Incorrect
Solution: a.
According to Volume 2 of the Economic Survey 2014-15, food and fuel add up to 59.2% (49.7+9.5) of total weight. The new CPI accords fuel and food a combined weight of 65.6%.
http://blogs.economictimes.indiatimes.com/et-editorials/should-food-and-fuel-decide-policy-rates/
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Question 3 of 4
3. Question
2 pointsWith reference to the Pradhan Mantri Fasal Bima Yojana, which of the following statements is/are incorrect?
- Losses incurred by farmers at any stage of farming activity – from sowing to post-harvest season – is covered
- Farmers who haven’t taken bank loans are eligible for insurance cover
- Sharecroppers are not eligible for insurance cover under this scheme
Select the correct answer using the code given below:
Correct
Solution: c.
19th May, PIB Features
The Operational Guidelines (source being provided but need not be read) of the Ministry of Agriculture states, “All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.”
Incorrect
Solution: c.
19th May, PIB Features
The Operational Guidelines (source being provided but need not be read) of the Ministry of Agriculture states, “All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.”
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Question 4 of 4
4. Question
2 pointsConsider the following statements:
- The Child Sex Ratio in the latest census figures (2011) is the lowest ever since Independence
- Under the ‘Sukanya Samriddhi Account’ programme (SSA), the government will open an account for every girl child up to the age of ten years
- SSA will be valid only till the girl child attains the age of 21 years, after which the matured amount if not withdrawn will earn no interest
Which of the statements above is/are correct?
Correct
Solution: a.
- Under the scheme, a parent or legal guardian can open an account in the name of the girl child until she attains the age of ten years. As per the government notification on the Scheme, the account can be opened in any post office branch and designated public sector banks.
- The rate of interest for the scheme will be revised every year by the government and will be announced at the time of the Union Budget. The minimum deposit that needs to be made every year is Rs 1,000, and the maximum amount that can be deposited in a year is Rs 1,50,000. There is no limit on the number of deposits either in a month or in a financial year.
- The account will be valid for 21 years from the date of opening, after which it will mature and the money will be paid to the girl child in whose name the account had been opened.
Incorrect
Solution: a.
- Under the scheme, a parent or legal guardian can open an account in the name of the girl child until she attains the age of ten years. As per the government notification on the Scheme, the account can be opened in any post office branch and designated public sector banks.
- The rate of interest for the scheme will be revised every year by the government and will be announced at the time of the Union Budget. The minimum deposit that needs to be made every year is Rs 1,000, and the maximum amount that can be deposited in a year is Rs 1,50,000. There is no limit on the number of deposits either in a month or in a financial year.
- The account will be valid for 21 years from the date of opening, after which it will mature and the money will be paid to the girl child in whose name the account had been opened.
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