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Question 1 of 5
1. Question
Consider the following statements.
- Under Drug (Price Control) Order, National Pharmaceutical Pricing Authority (NPPA) cannot allow Pharmaceutical companies to raise the prices of essential medicines.
- The Drugs Prices Control Order is an order issued by the Government of India under Essential Commodities Act, 1955 to regulate the prices of drugs.
- Not all the drugs marketed in the country are under price control.
Which of the above statements is/are correct?
Correct
Solution: c)
The National Pharmaceutical Pricing Authority (NPPA) can use its emergency powers to allow companies to raise the price of drugs.
The Drugs Prices Control Order is an order issued by the Government of India under Sec. 3 of Essential Commodities Act, 1955 to regulate the prices of drugs.
The Order interalia provides the list of price-controlled drugs, procedures for fixation of prices of drugs, method of implementation of prices fixed by Govt., penalties for contravention of provisions etc.
Are all the drugs marketed in the country under price control?
No. The National List of Essential Medicines (NLEM) 2011 is adopted as the primary basis for determining essentiality, which constitutes the list of scheduled medicines for the purpose of price control. The DPCO 2013 contains more than 600 scheduled drug formulations spread across 27 therapeutic groups. However, the prices of other drugs can be regulated, if warranted in public interest.
Incorrect
Solution: c)
The National Pharmaceutical Pricing Authority (NPPA) can use its emergency powers to allow companies to raise the price of drugs.
The Drugs Prices Control Order is an order issued by the Government of India under Sec. 3 of Essential Commodities Act, 1955 to regulate the prices of drugs.
The Order interalia provides the list of price-controlled drugs, procedures for fixation of prices of drugs, method of implementation of prices fixed by Govt., penalties for contravention of provisions etc.
Are all the drugs marketed in the country under price control?
No. The National List of Essential Medicines (NLEM) 2011 is adopted as the primary basis for determining essentiality, which constitutes the list of scheduled medicines for the purpose of price control. The DPCO 2013 contains more than 600 scheduled drug formulations spread across 27 therapeutic groups. However, the prices of other drugs can be regulated, if warranted in public interest.
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Question 2 of 5
2. Question
National Institute Ranking Framework (NIRF) assesses education institutions on which of the following parameters?
- Teaching, learning and resources
- Research and professional practices
- Graduation outcomes
- Outreach and inclusivity
Select the correct answer code:
Correct
Solution: d)
In order to be ranked, all education institutions are assessed on five parameters: teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity, and perception.
Incorrect
Solution: d)
In order to be ranked, all education institutions are assessed on five parameters: teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity, and perception.
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Question 3 of 5
3. Question
Consider the following statements regarding Genetic Engineering Appraisal Committee (GEAC).
- The Genetic Engineering Appraisal Committee (GEAC) functions in the Ministry of Science and Technology.
- It is responsible for appraisal of activities involving large scale use of hazardous microorganisms and recombinants in research and industrial production from the environmental angle.
- It is chaired by a representative from the Department of Biotechnology (DBT).
Which of the above statements is/are correct?
Correct
Solution: b)
The Genetic Engineering Appraisal Committee (GEAC) functions in the Ministry of Environment, Forest and Climate Change (MoEF&CC). As per Rules, 1989, it is responsible for appraisal of activities involving large scale use of hazardous microorganisms and recombinants in research and industrial production from the environmental angle. The committee is also responsible for appraisal of proposals relating to release of genetically engineered (GE) organisms and products into the enviornment including experimental field trials.
GEAC is chaired by the Special Secretary/Additional Secretary of MoEF&CC and co-chaired by a representative from the Department of Biotechnology (DBT).
Incorrect
Solution: b)
The Genetic Engineering Appraisal Committee (GEAC) functions in the Ministry of Environment, Forest and Climate Change (MoEF&CC). As per Rules, 1989, it is responsible for appraisal of activities involving large scale use of hazardous microorganisms and recombinants in research and industrial production from the environmental angle. The committee is also responsible for appraisal of proposals relating to release of genetically engineered (GE) organisms and products into the enviornment including experimental field trials.
GEAC is chaired by the Special Secretary/Additional Secretary of MoEF&CC and co-chaired by a representative from the Department of Biotechnology (DBT).
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Question 4 of 5
4. Question
Consider the following statements regarding Pradhan Mantri Fasal Bhima Yogna (PMFBY).
- PMFBY is a central-state scheme which aims to cushion farmers against crop loss.
- Under the scheme, farmers only bear 1.5 to 5 per cent of the premium.
- The scheme is made mandatory for farmers who availed institutional finance.
Which of the above statements is/are correct?
Correct
Solution: b)
Introduced in the 2016-17 kharif season, PMFBY is a central-state scheme which aims to cushion farmers against crop loss. The central and state governments pay more than 95 per cent of the premium amount while the farmer bears 1.5-5 per cent of the premium. As extensive usage of technology is used to settle the claims of farmers within a stipulated time period, farmers are required to fill loss reports online which are validated by insurance companies before the compensation amount is paid directly in their accounts.
Prior to 2020, the scheme was mandatory for farmers who availed institutional finance, but that was changed and made voluntary for all farmers.
Incorrect
Solution: b)
Introduced in the 2016-17 kharif season, PMFBY is a central-state scheme which aims to cushion farmers against crop loss. The central and state governments pay more than 95 per cent of the premium amount while the farmer bears 1.5-5 per cent of the premium. As extensive usage of technology is used to settle the claims of farmers within a stipulated time period, farmers are required to fill loss reports online which are validated by insurance companies before the compensation amount is paid directly in their accounts.
Prior to 2020, the scheme was mandatory for farmers who availed institutional finance, but that was changed and made voluntary for all farmers.
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Question 5 of 5
5. Question
Consider the following statements.
- Khadi and Village Industries Commission (KVIC) is an apex organisation under the Ministry of Micro, Small, and Medium Enterprises responsible for the promotion and implementation of initiatives for the development of Khadi and other rural industries.
- Khadi and Village Industries Commission (KVIC) is the nodal agency for the implementation of Prime Minister Employment Generation Program (PMEGP).
- Scheme of Fund for Regeneration of Traditional Industries (SFURTI) aims to organize the traditional industries and artisans into clusters to make them competitive and provide support for their long-term sustainability.
Which of the above statements is/are correct?
Correct
Solution: d)
The KVIC is an apex organisation under the Ministry of Micro, Small, and Medium Enterprises responsible for the promotion, planning, organisation, and implementation of initiatives for the development of Khadi and other rural industries.
PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). Launched in 2008-09, it is a credit-linked subsidy scheme which promotes self-employment through setting up of micro-Enterprises
Implementation:
- National Level- Khadi and Village Industries Commission (KVIC) as the nodal agency.
- State Level- State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is an initiative by Ministry of MSME to promote Cluster development. Khadi and Village Industries Commission (KVIC) is the nodal Agency for promotion of Cluster development for Khadi. The objective is to organize the traditional industries and artisans into clusters to make them competitive and provide support for their long-term sustainability.
Incorrect
Solution: d)
The KVIC is an apex organisation under the Ministry of Micro, Small, and Medium Enterprises responsible for the promotion, planning, organisation, and implementation of initiatives for the development of Khadi and other rural industries.
PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). Launched in 2008-09, it is a credit-linked subsidy scheme which promotes self-employment through setting up of micro-Enterprises
Implementation:
- National Level- Khadi and Village Industries Commission (KVIC) as the nodal agency.
- State Level- State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is an initiative by Ministry of MSME to promote Cluster development. Khadi and Village Industries Commission (KVIC) is the nodal Agency for promotion of Cluster development for Khadi. The objective is to organize the traditional industries and artisans into clusters to make them competitive and provide support for their long-term sustainability.
