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.
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INSIGHTS CURRENT EVENTS QUIZ 2019
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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 5
1. Question
1 pointsConsider the following statements regarding Priority Sector Lending (PSL).
- At present, all domestic scheduled commercial banks and all foreign banks are required to meet a target of 40 per cent of their Adjusted Net Bank Credit (ANBC) or credit equivalent of Off-Balance Sheet Exposure, whichever is higher for Priority Sector Lending.
- Regional Rural Banks and Small Finance Banks are required to meet a target of 75 per cent towards PSL.
Which of the above statements is/are correct?
Correct
Solution: b)
In terms of Reserve Bank of India (RBI) guidelines on Priority Sector Lending (PSL) a target of 40 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposures (OBE), whichever is higher, as of preceding March 31st, has been mandated for lending to the priority sector by domestic scheduled commercial banks and foreign banks with 20 branches and above. Within this, sub-targets of 18% of ANBC or OBE whichever is higher, as of preceding March 31st is for Agriculture and 10% ANBC or OBE whichever is higher, as of preceding March 31st is for weaker sections which includes, among others, persons from SCs/ STs. RBI prescribes PSL targets bank-wise and not state-wise.
RRBs and SFBs are required to meet a target of 75 per cent towards PSL.
Incorrect
Solution: b)
In terms of Reserve Bank of India (RBI) guidelines on Priority Sector Lending (PSL) a target of 40 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposures (OBE), whichever is higher, as of preceding March 31st, has been mandated for lending to the priority sector by domestic scheduled commercial banks and foreign banks with 20 branches and above. Within this, sub-targets of 18% of ANBC or OBE whichever is higher, as of preceding March 31st is for Agriculture and 10% ANBC or OBE whichever is higher, as of preceding March 31st is for weaker sections which includes, among others, persons from SCs/ STs. RBI prescribes PSL targets bank-wise and not state-wise.
RRBs and SFBs are required to meet a target of 75 per cent towards PSL.
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Question 2 of 5
2. Question
1 pointsThe Kisan Credit Card (KCC) scheme aimed at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure for the farmers for their overall credit requirements such as
- Marketing of produce
- Maintenance of farm assets
- Consumption requirements of farmer households
- Post-harvest expenses
Select the correct answer code:
Correct
Solution: d)
The Kisan Credit Card (KCC) scheme, introduced in 1998, aimed at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure for the farmers for their overall credit requirements such as cultivation of crops, post-harvest expenses, marketing of produce, maintenance of farm assets, activities allied to agriculture and also consumption requirements of farmer households.
Incorrect
Solution: d)
The Kisan Credit Card (KCC) scheme, introduced in 1998, aimed at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure for the farmers for their overall credit requirements such as cultivation of crops, post-harvest expenses, marketing of produce, maintenance of farm assets, activities allied to agriculture and also consumption requirements of farmer households.
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Question 3 of 5
3. Question
1 pointsManesar, Pimpri-Chinchwad and Sriperumbudur are considered as the hubs in India for
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Question 4 of 5
4. Question
1 pointsWhich of the following pairs are correctly matched
Tunnel Location
- Atal Tunnel Uttarakhand
- Zoji La Tunnel Ladakh
- Sela Tunnel Arunachal Pradesh
Select the correct answer code:
Correct
Solution: b)
Atal Tunnel (previously known as Rohtang Tunnel), named after India’s former Prime Minister Atal Bihari Vajpayee, is a highway tunnel being built under the Rohtang Pass in the eastern Pir Panjal range of the Himalayas on the Leh-Manali Highway. At 8.8 km length, the tunnel will be one of the longest road tunnels in India and is expected to reduce the distance between Manali and Keylong by about 46 km. It is located in Himachal Pradesh.
Zoji La Tunnel is a 14.2 km long road tunnel under Zoji La pass on the Himalayas between Sonmarg and Drass town of Kargil district of the Indian Union Territory Of Ladakh, currently under construction.
Sela Tunnel is an upcoming road tunnel project in Sela Pass and is a step toward ensuring all-weather connectivity between Guwahati in Assam and Tawang in Arunachal Pradesh.
Incorrect
Solution: b)
Atal Tunnel (previously known as Rohtang Tunnel), named after India’s former Prime Minister Atal Bihari Vajpayee, is a highway tunnel being built under the Rohtang Pass in the eastern Pir Panjal range of the Himalayas on the Leh-Manali Highway. At 8.8 km length, the tunnel will be one of the longest road tunnels in India and is expected to reduce the distance between Manali and Keylong by about 46 km. It is located in Himachal Pradesh.
Zoji La Tunnel is a 14.2 km long road tunnel under Zoji La pass on the Himalayas between Sonmarg and Drass town of Kargil district of the Indian Union Territory Of Ladakh, currently under construction.
Sela Tunnel is an upcoming road tunnel project in Sela Pass and is a step toward ensuring all-weather connectivity between Guwahati in Assam and Tawang in Arunachal Pradesh.
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Question 5 of 5
5. Question
1 pointsConsider the following statements regarding Strategic Disinvestment Process.
- Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance is the nodal department for the strategic stake sale.
- DIPAM and NITI Aayog will jointly identify PSUs for strategic disinvestment.
Which of the above statements is/are correct?
Correct
Solution: c)
Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale.
This was done with a view to streamlining and speeding up the process and reducing the role of administrative ministries.
DIPAM and NITI Aayog will now jointly identify PSUs for strategic disinvestment.
Incorrect
Solution: c)
Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale.
This was done with a view to streamlining and speeding up the process and reducing the role of administrative ministries.
DIPAM and NITI Aayog will now jointly identify PSUs for strategic disinvestment.
