[MISSION 2023] RTM(Revision through MCQs)- 12 Oct 2022

Ans: (d)

Explanation:

• The most important scale of asset quality is Non-Performing Assets (NPA). But NPA alone doesn’t tell the whole story of bad asset quality of loans given by banks. Hence a new classification is made in the form of stressed assets that comprises restructured loans and written off assets besides NPAs.
• Restructured asset or loan are that assets which got an extended repayment period, reduced interest rate, converting a part of the loan into equity, providing additional financing, or some combination of these measures.
• Written off assets are those the bank or lender doesn’t count the money borrower owes to it. The financial statement of the bank will indicate that the written off loans are compensated through some other way.

Ans: (d)

Explanation:

• The idea of setting up a bad bank to resolve the growing problem of non-performing assets (NPAs), or loans on which borrowers have defaulted, is back on the table.

Technically, a bad bank is an asset reconstruction company (ARC) or an asset management company that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time. The bad bank is not involved in lending and taking deposits, but helps commercial banks clean up their balance sheets and resolve bad loans. The takeover of bad loans is normally below the book value of the loan and the bad bank tries to recover as much as possible subsequently.

Ans: (d)

Explanation;

• All three are major features.
• Buddhas and bodhisattvas are central elements of Mahāyāna. Mahāyāna’s vastly expanded cosmology, with various Buddhas and bodhisattvas residing in different worlds and buddha-fields.
• This is shown through the depiction of buddhas and bodhisattvas through image worship and rituals in monasteries and viharas.
• See https://en.wikipedia.org/wiki/Mahayana#Doctrine

Ans: (b)

Explanation:

• S1: They were Theravadins.
• S2:The Mahāsāṃghikas school was first located in the area of Vaiśālī and spread also to southern India, with centres at Amarāvatī and Nāgārjunakoṇḍ Its texts were written in Prākrit. It further divided into several subsects, of which the best known was the Lokottaravāda (so called because of its views on lokottara).
• The Lokottaravāda was one of the early Buddhist schools according to Mahayana doxological sources compiled by Bhāviveka, Vinitadeva and others

S3: The Mahāsaṅghikas believed in a plurality of buddhas who are supramundane (lokottara) and held that what passed for Gautama Buddha in his earthly existence was only an apparition.

Ans: (c)

Explanation:

• Certain common points in their philosophic content are also striking. Both of them reject the authority of the Vedas and the Vedic priests; Both repudiate the efficacy of ceremonies and rituals; both bitterly condemn animal sacrifices; and both ignore God.
• Buddhism: Middle path: moderate method of attaining salvation
• Jainism: Extreme methods of attaining salvation.

Ans: (a)

Explanation:

• A phenomenon associated with the monsoon is its tendency to have ‘breaks’ in rainfall. Thus, it has wet and dry spells. In other words, the monsoon rains take place only for a few days at a time. They are interspersed with rainless intervals.
• These breaks in monsoon are related to the movement of the monsoon trough. For various reasons, the trough and its axis keep on moving northward or southward, which determines the spatial distribution of rainfall.
• Withdrawal or the retreat of the monsoon is a more gradual process.

Ans: (d)

Explanation:

The monsoons are experienced in the tropical area roughly between 20° N and 20° S. To understand the mechanism of the monsoons, the following facts are important. (a) The differential heating and cooling of land and water creates low pressure on the landmass of India while the seas around experience comparatively high pressure. (b) The shift of the position of Inter Tropical Convergence Zone (ITCZ) in summer, over the Ganga plain (this is the equatorial trough normally positioned about 5°N of the equator – also known as the monsoon trough during the monsoon season). (c) The presence of the high-pressure area, east of Madagascar, approximately at 20°S over the Indian Ocean. The intensity and position of this high-pressure area affects the Indian Monsoon. (d) The Tibetan plateau gets intensely heated during summer, which results in strong vertical air currents and the formation of high pressure over the plateau at about 9 km above sea level. (e) The movement of the westerly jet stream to the north of the Himalayas and the presence of the tropical easterly jet stream over the Indian peninsula during summer.

Ans: (c)

Explanation:

• S1: it is a campaign of the Government of India that aims to generate awareness and improve the efficiency of welfare services intended for girls in India.
• S2: The scheme was launched with an initial funding of ₹100 crore (US$14 million).

S3: It is a Central Sector Scheme with 100% financial assistance for District level component and the fund are directly released to the DC/DM’s account for smooth operation of the Scheme.

Ans: (c)

Explanation:

• Launched on Panchayati Raj Diwas (April 24th, 2020).
• The scheme seeks to map residential land ownership in the rural sector using modern technology like the use of drones.
• The scheme aims to revolutionise property record maintenance in India.
• The scheme is piloted by the Panchayati Raj ministry.
• Under the scheme, residential land in villages will be measured using drones to create a non-disputable record.

Property card for every property in the village will be prepared by states using accurate measurements delivered by drone-mapping. These cards will be given to property owners and will be recognised by the land revenue records department.

Ans: (a)

Explanation: