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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 pointsWho among the following was the first to call Mahatma Gandhi the “father of the nation”?
CorrectSolution: d)
Subhas Chandra Bose was the first to call Mahatma Gandhi the “father of the nation” during an address from the Azad Hind Radio from Singapore in July 1944.
IncorrectSolution: d)
Subhas Chandra Bose was the first to call Mahatma Gandhi the “father of the nation” during an address from the Azad Hind Radio from Singapore in July 1944.
- Question 2 of 5
2. Question
1 pointsFor India, a rise in international crude oil prices leads to which of the following?
- It leads to inflation
- Rise in current account deficit and fiscal deficit
- Weakens the rupee against the dollar
- Rise in edible oil prices
Select the correct answer code:
CorrectSolution: d)
India imports nearly 85% of its crude requirement and in the year ended March 2022, the oil import bill doubled to $119 billion on account of rise in prices. The rise in import bill not only leads to inflation and rise in current account deficit and fiscal deficit, but also weakens the rupee against the dollar and hurts stock market sentiment.
A rise in crude oil price also has an indirect impact on India as it leads to a rise in edible oil prices, coal prices and also that of fertiliser as they use gas as the feedstock. Gas accounts for 80% of all fertiliser production costs.
So if a rise in crude oil prices could lead to a much enhanced import burden, it also leads to reduction in demand in the economy which hurts growth. It could also lead to higher fiscal deficit if the government chooses to bear the burden by way of subsidies.
IncorrectSolution: d)
India imports nearly 85% of its crude requirement and in the year ended March 2022, the oil import bill doubled to $119 billion on account of rise in prices. The rise in import bill not only leads to inflation and rise in current account deficit and fiscal deficit, but also weakens the rupee against the dollar and hurts stock market sentiment.
A rise in crude oil price also has an indirect impact on India as it leads to a rise in edible oil prices, coal prices and also that of fertiliser as they use gas as the feedstock. Gas accounts for 80% of all fertiliser production costs.
So if a rise in crude oil prices could lead to a much enhanced import burden, it also leads to reduction in demand in the economy which hurts growth. It could also lead to higher fiscal deficit if the government chooses to bear the burden by way of subsidies.
- Question 3 of 5
3. Question
1 pointsOperation London Bridge, recently seen in news is related to
- Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Certificates of Deposits (CD).
- CD is a negotiable, unsecured money market instrument issued by a bank as a usance promissory note against funds deposited with it.
- CDs are issued to all persons resident in India.
- CDs are issued only in dematerialised form and held with a depository registered with SEBI.
- Banks can grant loans against Certificates of Deposits without the approval of RBI.
Which of the above statements is/are correct?
CorrectSolution: b)
“Certificate of Deposit” or “CD” is a negotiable, unsecured money market instrument issued by a bank as a Usance Promissory Note against funds deposited at the bank for a maturity period upto one year;
Certificate of Deposits (CDs) may be issued by:
Scheduled Commercial Banks;
Regional Rural Banks; and
Small Finance Banks.
CDs may be issued to all persons resident in India.
Primary issuance
CDs shall be issued only in dematerialised form and held with a depository registered with Securities and Exchange Board of India.
CDs shall be issued in minimum denomination of ₹5 lakh and in multiples of ₹5 lakh thereafter.
The tenor of a CD at issuance shall not be less than seven days and shall not exceed one year.
Banks are not allowed to grant loans against CDs, unless specifically permitted by the Reserve Bank.
IncorrectSolution: b)
“Certificate of Deposit” or “CD” is a negotiable, unsecured money market instrument issued by a bank as a Usance Promissory Note against funds deposited at the bank for a maturity period upto one year;
Certificate of Deposits (CDs) may be issued by:
Scheduled Commercial Banks;
Regional Rural Banks; and
Small Finance Banks.
CDs may be issued to all persons resident in India.
Primary issuance
CDs shall be issued only in dematerialised form and held with a depository registered with Securities and Exchange Board of India.
CDs shall be issued in minimum denomination of ₹5 lakh and in multiples of ₹5 lakh thereafter.
The tenor of a CD at issuance shall not be less than seven days and shall not exceed one year.
Banks are not allowed to grant loans against CDs, unless specifically permitted by the Reserve Bank.
- Question 5 of 5
5. Question
1 pointsWhich of the following technologies is/are considered as part of Fourth Industrial Revolution, Industry 4.0:
- Advent of mechanisation
- Cognitive Computing
- Cyber-physical Systems (CPS)
- Internet of Things (IoT)
Select the correct answer code:
CorrectSolution: c)
The first industrial revolution came with the advent of mechanisation, steam power and water power.
The second industrial revolution revolved around mass production and assembly lines using electricity.
The third industrial revolution came with electronic and IT systems and automation.
The fourth industrial revolution is associated with cyber-physical systems. Industry 4.0 describes the growing trend towards automation and data exchange in technology and processes within the manufacturing industry, including: The Internet of Things (IoT), The Industrial Internet of Things (IIoT), Cyber-physical Systems (CPS), Smart Manufacturing, Smart Factories, Cloud Computing, Additive Manufacturing, Big Data, Robotics, Cognitive Computing, Artificial Intelligence & Blockchain etc.
IncorrectSolution: c)
The first industrial revolution came with the advent of mechanisation, steam power and water power.
The second industrial revolution revolved around mass production and assembly lines using electricity.
The third industrial revolution came with electronic and IT systems and automation.
The fourth industrial revolution is associated with cyber-physical systems. Industry 4.0 describes the growing trend towards automation and data exchange in technology and processes within the manufacturing industry, including: The Internet of Things (IoT), The Industrial Internet of Things (IIoT), Cyber-physical Systems (CPS), Smart Manufacturing, Smart Factories, Cloud Computing, Additive Manufacturing, Big Data, Robotics, Cognitive Computing, Artificial Intelligence & Blockchain etc.
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