QUIZ – 2017: Insights Current Affairs Quiz, 21 November 2018

Solution: b.

Statement 2 is correct.

As per Article 15 of the Constitution, the state is permitted to make any special provision for the advancement of any socially and educationally backward classes of citizens or for the Scheduled Castes and the Scheduled Tribes.

TH: The Maharashtra Cabinet recently cleared the decision to extend reservation to the Maratha community by creating a new category called Socially and Educationally Backward Class (SEBC) on the recommendations of the State Backward Class Commission.

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Solution: d.

• A National  Emergency  (“proclamation of emergency”) declared  on  the  ground  of  internal  disturbance  will  not  have  effect  in the state except with the concurrence of the state government. Unlike  in  other  states,  a  proclamation  of  emergency  can  be  made  in  J&K  on  the  ground  of internal disturbance also. An emergency declared on the ground of war or external aggression is directly (i.e., without the concurrence of the state government, as in the case of other states) applicable to J&K.
• The President has no power to declare a financial emergency in relation to the state.
• The President has no power to suspend the Constitution of the state on the ground of failure to comply with the directions given by him.
• The State  Emergency  (President’s  Rule)  is  applicable  to  the    However,  this  emergency can be imposed in the state on the ground of failure of the constitutional machinery under the provisions of state Constitution and not Indian Constitution. In fact, two types of Emergencies can  be  declared  in  the  state,  namely,  President’s Rule  under  the  Indian  Constitution  and Governor ’s  Rule  under  the  state  Constitution.

Indian Polity by M Laxmikanth;

Improvisation: TH;

Solution: b.

CH-Indian Financial Market, Indian Economy by Ramesh Singh: Treasury Bills are used by the Central Government to fulfil its  short-term liquidity requirement upto the period of 364  days. At present, three types of TBs are issued – the 91-day TBs, 182-day TBs  and  the  364-day TBs The TBs other than providing short-term  cushion  to  the  government, also function  as  short-term  investment avenues  for  the banks  and  financial institutions,  besides functioning  as requirements of the CRR and SLR of the banking institutions.

In the news (TH): The National Stock Exchange (NSE) has launched an app and web-based platform, ‘NSE goBID’, for retail investors to buy government securities. The new app would allow investors to invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government bonds from one year to almost 40 years, said a statement by the exchange. The retail investors would be able to make payment directly from their bank accounts using Unified Payments Interface (UPI) and Internet banking, the statement added.

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Solution: a.

The GROWTH project will focus on three scientific themes in the field of time-domain astronomy. These are cosmic explosions (supernovae), small near-earth asteroids and the electromagnetic identification of gravitational wave sources. We seek answers to the following scientific questions:

• Where and how are heavy elements synthesised?
• What are the final fates of stars?
• Where are the small near-earth asteroids and what are their orbits?

GROWTH is led by Caltech and has partnered with thirteen universities and research institutions – five in the USA and eight spread across the world in India, Sweden, Taiwan, Japan, Israel, Germany and the UK.

Improvisation: TH;

Solution: c.

Both statements are correct.

In the news:  TH;

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