QUIZ – 2017: Insights Current Affairs Quiz – 04 January 2017
QUIZ – 2017: Insights Current Affairs Quiz
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 2017. 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
Quiz-summary
0 of 6 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
Information
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.
To view Solutions, follow these instructions:
-
Click on – ‘Start Quiz’ button
-
Solve Questions
-
Click on ‘Quiz Summary’ button
-
Click on ‘Finish Quiz’ button
-
Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 6 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score |
|
Your score |
|
Categories
- Not categorized 0%
Pos. | Name | Entered on | Points | Result |
---|---|---|---|---|
Table is loading | ||||
No data available | ||||
- 1
- 2
- 3
- 4
- 5
- 6
- Answered
- Review
-
Question 1 of 6
1. Question
1 points‘Counter-cyclical measures’ in Economics, refers to the use of which of the following to financially stimulate an economy?
Correct
Solution: c.
“With the Union budget less than a month away, the coming weeks could well serve to provide clear signals on the potential need for a fiscal stimulus to reinvigorate flagging economic growth, especially if a revival in credit growth is going to be slower than anticipated.”
- Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kickstart growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
- John Maynard Keynes, a British economist from the early 20th century, is most often associated with the concept of economic stimulus, sometimes referred to as counter-cyclical measures. His general theory argued that during times of persistently high unemployment, governments ought to deficit spend in an effort to stimulate further demand, elevate growth rates, and reduce unemployment. In stimulating growth, deficit spending could, in some circumstances, pay for itself through higher tax revenues resulting from faster growth.
Investopedia: What is an ‘Economic Stimulus’;
Improvisation: TH – A nudge to borrowers;
Incorrect
Solution: c.
“With the Union budget less than a month away, the coming weeks could well serve to provide clear signals on the potential need for a fiscal stimulus to reinvigorate flagging economic growth, especially if a revival in credit growth is going to be slower than anticipated.”
- Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kickstart growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
- John Maynard Keynes, a British economist from the early 20th century, is most often associated with the concept of economic stimulus, sometimes referred to as counter-cyclical measures. His general theory argued that during times of persistently high unemployment, governments ought to deficit spend in an effort to stimulate further demand, elevate growth rates, and reduce unemployment. In stimulating growth, deficit spending could, in some circumstances, pay for itself through higher tax revenues resulting from faster growth.
Investopedia: What is an ‘Economic Stimulus’;
Improvisation: TH – A nudge to borrowers;
-
Question 2 of 6
2. Question
1 points“The seven-judge bench hearing the case split four to three, revealing the complexity of the issues involved, as well as an inevitable collision of constitutional values. And it all began with a disagreement over a single word that appears in Section 123(3) of the Representation of the People Act: “his”…”. To which one of the following cases do these statements refer?
Correct
Solution: a.
Safe to be aware of the names of important cases.
Improvisation: TH: Two takes on democracy;
Bar and Bench: Record of Proceedings;
—
Incorrect
Solution: a.
Safe to be aware of the names of important cases.
Improvisation: TH: Two takes on democracy;
Bar and Bench: Record of Proceedings;
—
-
Question 3 of 6
3. Question
1 pointsThe ‘Crime and Criminal Tracking Network System’ refers to
Correct
Solution: a.
“Taking another step towards digitisation of records, the Mumbai Police will soon be taking its entire fingerprint database online… The police are also exploring the possibility of linking the database to the countrywide Crime and Criminal Tracking Network System (CCTNS), an initiative that aims to link police forces to a single server so that information about arrested and wanted accused can be accessed by police anywhere in the country.”
Incorrect
Solution: a.
“Taking another step towards digitisation of records, the Mumbai Police will soon be taking its entire fingerprint database online… The police are also exploring the possibility of linking the database to the countrywide Crime and Criminal Tracking Network System (CCTNS), an initiative that aims to link police forces to a single server so that information about arrested and wanted accused can be accessed by police anywhere in the country.”
-
Question 4 of 6
4. Question
1 pointsA ‘White Label ATM’
- Does not have any bank logo.
- Can be set up by non-bank entities.
- Refers to those ATMs whose operations are outsourced by banks to a third party.
Which of the statements given above is/are correct with reference to White Label ATMs?
Correct
Solution: b.
Statement 3 refers to ‘Brown Label’ ATMs.
“In a circular, RBI said banks should advise their currency chests to step up issuance of fresh notes to rural branches of Regional Rural Banks, District Central Cooperative Banks and commercial banks, White Label ATMs in rural areas and post offices in rural areas on a priority basis.”
- Traditionally, Automated Teller Machines (ATMs) have respective bank’s logo. So just by looking, this is SBI’s ATM, this is ICICI’s ATM and so on.
- But White label ATM doesn’t have such Bank logo, hence called White label ATMs.
- RBI has given license / permission to non-bank entities to open such ATMs.
- Any non-bank entity with a minimum net worth of Rs.100 crore, can apply for white label ATMs. (not just NBFC, any non-bank entity can apply.)
Improvisation: Th: RBI tells banks to ensure 40% of cash supply reaches rural areas;
Incorrect
Solution: b.
Statement 3 refers to ‘Brown Label’ ATMs.
“In a circular, RBI said banks should advise their currency chests to step up issuance of fresh notes to rural branches of Regional Rural Banks, District Central Cooperative Banks and commercial banks, White Label ATMs in rural areas and post offices in rural areas on a priority basis.”
- Traditionally, Automated Teller Machines (ATMs) have respective bank’s logo. So just by looking, this is SBI’s ATM, this is ICICI’s ATM and so on.
- But White label ATM doesn’t have such Bank logo, hence called White label ATMs.
- RBI has given license / permission to non-bank entities to open such ATMs.
- Any non-bank entity with a minimum net worth of Rs.100 crore, can apply for white label ATMs. (not just NBFC, any non-bank entity can apply.)
Improvisation: Th: RBI tells banks to ensure 40% of cash supply reaches rural areas;
-
Question 5 of 6
5. Question
1 pointsWhich among the following is/are key features of the ‘Pradhan Mantri Yuva Yojana’?
- It will provide entrepreneurship education and training to over seven lakh students.
- The scheme will span over five years.
- Massive Open Online Courses (MOOCs) will be utilised to implement it.
Select the correct answer using the code given below:
Correct
Solution: d.
- Target group: The scheme will provide entrepreneurship education and training to over seven lakh students over five years (2016-17 to 2020-21) through 3,050 institutes. It will also include easy access to information and mentor network, credit, incubators and accelerators and advocacy for the youth covered under the scheme.
- Institutes covered under the Scheme: The scheme includes 2,200 institutes of higher learning (colleges, universities, and premier institutes), 300 schools, 500 Industrial Training Institutes and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).
Source: PRS MPR: November 2016;
Incorrect
Solution: d.
- Target group: The scheme will provide entrepreneurship education and training to over seven lakh students over five years (2016-17 to 2020-21) through 3,050 institutes. It will also include easy access to information and mentor network, credit, incubators and accelerators and advocacy for the youth covered under the scheme.
- Institutes covered under the Scheme: The scheme includes 2,200 institutes of higher learning (colleges, universities, and premier institutes), 300 schools, 500 Industrial Training Institutes and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).
Source: PRS MPR: November 2016;
-
Question 6 of 6
6. Question
1 points‘Counter-cyclical measures’ is a concept that is most often associated with which one of the following economists?
Correct
Solution: c.
Same explanation as provided for Question 1.
Investopedia: What is an ‘Economic Stimulus’;
Improvisation: TH – A nudge to borrowers;
Incorrect
Solution: c.
Same explanation as provided for Question 1.
Investopedia: What is an ‘Economic Stimulus’;
Improvisation: TH – A nudge to borrowers;
Note: Please refresh the page 2-3 times if Quiz button doesn’t respond.