[MISSION 2024] RTM(Revision through MCQs)- 12 August 2023

Ans : (b)

Explanation:

• 1. The Investor Education and Protection Fund Authority (IEPFA) and Common Service Centre (CSC) have jointly launched “Niveshak Sarathi” (translates to “Investor Guide” or “Investor Mentor”) Vans in Delhi-NCR as part of the Azadi ka Amrit Mahotsav celebrations.
  2. Aim: The initiative aims to enhance financial literacy and awareness about fraudulent schemes in the region. The vans are equipped with a TV screen showcasing investor awareness movies, a public address system, and informative brochures.

Refer; https://www.insightsonindia.com/2023/08/12/niveshak-sarathi/

Ans: (d)

Explanation:

• The Investor Education and Protection Fund Authority (IEPFA) was established by the Ministry of Corporate Affairs to manage the Investor Education and Protection Fund. It focuses on refunding shares, unclaimed dividends, matured deposits, and debentures to investors, among other responsibilities.

Refer; https://www.insightsonindia.com/2023/08/12/niveshak-sarathi/

Ans: (c )

Explanation;

• The Common Service Centre (CSC) 2.0 Project, initiated underDigital India, aims to set up service centres in Gram Panchayats across India to deliver citizen-centric services.

Refer; https://www.insightsonindia.com/2023/08/12/niveshak-sarathi/

Ans; (C)

Explanation:

• A unified payment system (UPI)powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features like Instant transfer of funds, bill-sharing facility, etc. It has been developed by: National Payments Corporation of India.

Refer: https://www.insightsonindia.com/2023/08/12/rbi-launches-new-features-for-upi/

Ans; (a)

Explanation;

• Interest rates tend to go up in periods of deflation, which makes debt more expensive.
• Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation.
• Deflation is the general decline in prices for goods and services occurring when the inflation rate falls below 0%.

Refer;  https://www.insightsonindia.com/2023/08/12/deflation/

Ans; (b)

Explanation:

• Inflation redistributes wealth from creditors to debtors, i.e., lenders suffer and borrowers benefit out of inflation. The opposite effect takes place when inflation falls (i.e., deflation). Holding money does not remain an intelligent economic decision (because money loses value with every increase in inflation).  With every inflation the currency of the economy depreciates (loses its exchange value in front of a foreign currency) provided it follows the flexible currency regime. Though it is a comparative matter, there might be inflationary pressure on the foreign currency against which the exchange rate is compared.

Refer;  https://www.insightsonindia.com/2023/08/12/deflation/

Ans; (b)

Explanation:

• Statement 1 is correct. The weightage of food in CPI is higher than that in WPI. This is because food items have a higher share in the consumption basket of households than in the production basket of firms.
• Statement 2 is also correct. The WPI does not capture changes in the prices of services, which CPI does. This is because the WPI only measures the prices of goods that are traded in bulk at the wholesale level, while the CPI measures the prices of both goods and services that are consumed by households
• Statement 3 is incorrect. The Reserve Bank of India (RBI) does not use WPI as its key measure of inflation anymore. It has adopted the Consumer Price Index (CPI) as its key measure of inflation since April 2014.

Refer;  https://www.insightsonindia.com/2023/08/12/deflation/

Ans; (c )

Explanation:

• About NMCG: This mission was established under the Societies Registration Act,1860 as a registered society.
• Objectives: The mission incorporates rehabilitating and boosting the existing STPs (Sewage Treatment Plants) and instant short-term steps to curb pollution at exit points on the riverfront in order to check the inflow of sewage. To regenerate and maintain the natural vegetation of the area. To conserve and regenerate the aquatic biodiversity as well as the riparian biodiversity of the river Ganga basin. To allow the participation of the public in the process of protection, rejuvenation and management of the river.

Refer; https://www.insightsonindia.com/2023/08/12/the-ganga-afforestation-project-falls-short-of-target/

Ans: (b)

Explanation:

• The correct answer is Only female mosquitoes bite humans and animals.

Mosquitoes are insects, not arachnids. They are in the order Diptera, which means “two-winged.” Arachnids, on the other hand, are in the order Arachnida, which means “without wings.”

• Both male and female mosquitoes feed on plant nectar, but only female mosquitoes bite humans and animals. Female mosquitoes need the protein from blood to develop their eggs.
• Mosquitoes are vectors for many diseases, including malaria, dengue fever, yellow fever, and Zika virus.

Mosquitoes are attracted to carbon dioxide, heat, and moisture. They are not attracted to fire or candles.

So the answer is B. Only female mosquitoes bite humans and animals.

Refer; https://www.insightsonindia.com/2023/08/12/rising-pest-threats/

Ans; (b)

Explanation;

• The island of Katchatheevu is a tiny uninhabited landmass located in the Palk Strait between India and Sri Lanka. The island, which was ceded to Sri Lanka by the Indian government in 1974, has sparked ongoing debates and protests in Tamil Nadu due to its historical and cultural significance, as well as its impact on fishermen’s livelihoods. Tamil Nadu continues to call for the retrieval of Katchatheevu from Sri Lanka.

Refer; https://www.insightsonindia.com/2023/08/12/katchatheevu-island-tamil-nadu/