QUIZ – 2017: Insights Current Affairs Quiz,19 June 2018
QUIZ – 2017: Insights Current Affairs Quiz, 19 June 2018
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 2018. 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 2017
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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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‘Osiris-Rex’ and ‘Hayabusa’, both recently in the news, are associated with
Correct
Solution: c.
The Hayabusa 2 spacecraft was launched by JAXA (Japanese Aerospace Exploration Agency) in 2014 on a quest to study the asteroid Ryugu and deliver rocks and soil from its surface to Earth. The first Hayabusa spacecraft was launched in 2003 and reached the asteroid Itokawa in 2005.
An American asteroid sample return mission, Osiris-Rex, will rendezvous with the asteroid 101955 Bennu in August.
The Hayabusa 2 spacecraft was launched by JAXA (Japanese Aerospace Exploration Agency) in 2014 on a quest to study the asteroid Ryugu and deliver rocks and soil from its surface to Earth. The first Hayabusa spacecraft was launched in 2003 and reached the asteroid Itokawa in 2005.
An American asteroid sample return mission, Osiris-Rex, will rendezvous with the asteroid 101955 Bennu in August.
Known for their distinctive red fur, orangutans are the largest arboreal mammal (spending most of their time in trees). Long, powerful arms and grasping hands and feet allow them to move through the branches. These great apes share 96.4% of our genes and are highly intelligent creatures. The name orangutan means “man of the forest” in the Malay language.
Known for their distinctive red fur, orangutans are the largest arboreal mammal (spending most of their time in trees). Long, powerful arms and grasping hands and feet allow them to move through the branches. These great apes share 96.4% of our genes and are highly intelligent creatures. The name orangutan means “man of the forest” in the Malay language.
If banks adhere to the MCLR method in their lending activities, then which one of the following naturally follows?
Correct
Solution: b.
The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank. MCLR actually describes the method by which the minimum interest rate for loans is determined by a bank – on the basis of marginal cost or the additional or incremental cost of arranging one more rupee to the prospective borrower.
RBI decided to shift from base rate to MCLR because the rates based on marginal cost of funds are more sensitive to changes in the policy rates. This is very essential for the effective implementation of monetary policy. Prior to MCLR system, different banks were following different methodology for calculation of base rate /minimum rate – that is either on the basis of average cost of funds or marginal cost of funds or blended cost of funds.
The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. It is an internal benchmark or reference rate for the bank. MCLR actually describes the method by which the minimum interest rate for loans is determined by a bank – on the basis of marginal cost or the additional or incremental cost of arranging one more rupee to the prospective borrower.
RBI decided to shift from base rate to MCLR because the rates based on marginal cost of funds are more sensitive to changes in the policy rates. This is very essential for the effective implementation of monetary policy. Prior to MCLR system, different banks were following different methodology for calculation of base rate /minimum rate – that is either on the basis of average cost of funds or marginal cost of funds or blended cost of funds.
The ‘Composite Water Management Index’ report, recently released, was prepared by
Correct
Solution: c.
The CWMI is an important tool to assess and improve the performance of States/ Union Territories in efficient management of water resources. This has been done through a first of its kind water data collection exercise in partnership with Ministry of Water Resources, Ministry of Drinking Water & Sanitation and all the States/ Union Territories.The index would provide useful information for the States and also for the concerned Central Ministries/Departments enabling them to formulate and implement suitable strategies for better management of water resources.
The CWMI is an important tool to assess and improve the performance of States/ Union Territories in efficient management of water resources. This has been done through a first of its kind water data collection exercise in partnership with Ministry of Water Resources, Ministry of Drinking Water & Sanitation and all the States/ Union Territories.The index would provide useful information for the States and also for the concerned Central Ministries/Departments enabling them to formulate and implement suitable strategies for better management of water resources.
