QUIZ – 2017: Insights Current Affairs Quiz, 08 June 2019
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 2019
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
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 5 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
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsConsider the following statements
- Repo is an instrument for borrowing funds by selling securities with an agreement to repurchase the securities on a mutually agreed future date at an agreed price which includes interest for the funds borrowed.
- Reverse repo is an instrument for lending funds by purchasing securities with an agreement to resell the securities on a mutually agreed future date at an agreed price which includes interest for the funds lent.
Which of the statements given above is/are correct?
Correct
Solution: C
Repurchase Options or in short Repo, is a money market instrument, which enables collateralised short term borrowing and lending through sale/purchase operations in debt instruments. This is an instrument used by the Central Bank and banking institutions to manage their daily / short term liquidity.
Legal Definition
A legal definition of ‘repo’ and ‘reverse repo’ was inserted as sub-sections (c) and (d) of section 45 U of Chapter III D of the Reserve Bank of India (RBI) Act, 1934, vide The Reserve Bank of India (Amendment) Act, 2006 (w.e.f. 9.1.2007). Thus,
“repo” means an instrument for borrowing funds by selling securities with an agreement to repurchase the securities on a mutually agreed future date at an agreed price which includes interest for the funds borrowed;
“reverse repo” means an instrument for lending funds by purchasing securities with an agreement to resell the securities on a mutually agreed future date at an agreed price which includes interest for the funds lent.”
In News: SBI to offer home loan linked to repo rate
Incorrect
Solution: C
Repurchase Options or in short Repo, is a money market instrument, which enables collateralised short term borrowing and lending through sale/purchase operations in debt instruments. This is an instrument used by the Central Bank and banking institutions to manage their daily / short term liquidity.
Legal Definition
A legal definition of ‘repo’ and ‘reverse repo’ was inserted as sub-sections (c) and (d) of section 45 U of Chapter III D of the Reserve Bank of India (RBI) Act, 1934, vide The Reserve Bank of India (Amendment) Act, 2006 (w.e.f. 9.1.2007). Thus,
“repo” means an instrument for borrowing funds by selling securities with an agreement to repurchase the securities on a mutually agreed future date at an agreed price which includes interest for the funds borrowed;
“reverse repo” means an instrument for lending funds by purchasing securities with an agreement to resell the securities on a mutually agreed future date at an agreed price which includes interest for the funds lent.”
In News: SBI to offer home loan linked to repo rate
-
Question 2 of 5
2. Question
1 pointsConsider the following statements regarding 103rd constitutional Amendment
- The amendment changed two fundamental rights, Article 15 & 16 and provide for the advancement of the “economically weaker sections” of the society.
- 10% EWS reservation quota is given to all sections of the society.
- The states can set their own income cut-off to decide who constitutes EWS and even exceed the income criteria set by the centre.
Which of the statements given above is/are correct?
Correct
Solution: C
10% EWS reservation quota is given only for the General Category candidates. Other category candidates already have reservation benefits – OBC (27%), SC (15%), and ST (7.5%).
In News: EWS: only 3,235 apply for admissions
Incorrect
Solution: C
10% EWS reservation quota is given only for the General Category candidates. Other category candidates already have reservation benefits – OBC (27%), SC (15%), and ST (7.5%).
In News: EWS: only 3,235 apply for admissions
-
Question 3 of 5
3. Question
1 pointsConsider the following statements regarding Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
- It is a Centrally Sponsored Scheme having central sector component under Ayushman Bharat Mission anchored in the Ministry of Health and Family Welfare (MoHFW).
- To ensure that nobody is left out (especially women, children and elderly) there will be no cap on family size and age in the scheme.
- Beneficiary owning a refrigerator and landline phone are excluded from the scheme.
Which of the statements given above is/are correct?
Correct
Solution: B
In News: Delhi’s health scheme 10 times bigger than Ayushman Bharat
Incorrect
Solution: B
In News: Delhi’s health scheme 10 times bigger than Ayushman Bharat
-
Question 4 of 5
4. Question
1 pointsWhich of the following criteria/s a must satisfy to qualify as a Special Category Status
- Economic and infrastructural backwardness
- Hilly and difficult terrain
- High Population Density
- Non-viable nature of state finances
Select the correct answer using the code given below
Correct
Solution: D
Criteria to give status of Special Category States;
- The state which is facing the problem of resources crunch
- Low per capita income
- Non-viable nature of state finances
- Economic and infrastructural backwardness
- Presence of sizeable tribal population
- Hilly and difficult terrain
- Strategic location along international borders
- Low population density
In News: A.P. BJP chief rules out special status for State.
Incorrect
Solution: D
Criteria to give status of Special Category States;
- The state which is facing the problem of resources crunch
- Low per capita income
- Non-viable nature of state finances
- Economic and infrastructural backwardness
- Presence of sizeable tribal population
- Hilly and difficult terrain
- Strategic location along international borders
- Low population density
In News: A.P. BJP chief rules out special status for State.
-
Question 5 of 5
5. Question
1 pointsConsider the following statements regarding NITI Ayog
- NITI Aayog was formed via a resolution of the Parliament.
- Team India Hub and the Knowledge & Innovation Hub are the creation of NITI Ayog
- To focus on technology up gradation and capacity building for implementation of programmes and initiatives is one of the function of it.
Which of the statements given above is/are correct?
Correct
Solution: C
NITI Aayog was formed via a resolution of the Cabinet
The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States.
The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950. This was done in order to better serve the needs and aspirations of the people of India. An important evolutionary change from the past, NITI Aayog acts as the quintessential platform of the Government of India to bring States to act together in national interest, and thereby fosters Cooperative Federalism.
https://niti.gov.in/content/functions
In News: Mamata to skip NITI Aayog meeting
Incorrect
Solution: C
NITI Aayog was formed via a resolution of the Cabinet
The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States.
The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950. This was done in order to better serve the needs and aspirations of the people of India. An important evolutionary change from the past, NITI Aayog acts as the quintessential platform of the Government of India to bring States to act together in national interest, and thereby fosters Cooperative Federalism.
https://niti.gov.in/content/functions
In News: Mamata to skip NITI Aayog meeting