10 PM Quiz: November 13
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- Question 1 of 7
1. Question
1 pointsWith reference to “Krishna Wildlife Sanctuary (KWL)”, recently in news, which of the following statement is/are correct?
- This region potentially holds significant population of fishing cats.
- Krishna Wildlife Sanctuary is located in Kerala.
Select the correct answer using the code given below
Correct
Statement 1 is correct.This region potentially holds one of the most significant populations of fishing cats in the world
Statement 2 is incorrect . Krishna Wildlife Sanctuary is a wildlife sanctuary and estuary located in Andhra Pradesh.
Incorrect
Statement 1 is correct.This region potentially holds one of the most significant populations of fishing cats in the world
Statement 2 is incorrect . Krishna Wildlife Sanctuary is a wildlife sanctuary and estuary located in Andhra Pradesh.
- Question 2 of 7
2. Question
1 pointsWith reference to the “ Non-Banking financial companies”, recently in news, which of the following statement is/are incorrect?
- Non-Banking financial companies are financial institutions that provide certain types of banking services, but do not hold a banking license.
- These institutions accept deposit from the public.
- The working and operations of NBFCs are regulated by the Ministry of Finance.
Select the correct answer using the code given below.
Correct
Statement 1 is correct. Non-Banking financial companies are financial institutions that provide certain types of banking services, but do not hold a banking license.
Statement 2 is incorrect. These institutions are not allowed to take deposit from the public, which keeps them outside the scope of traditional oversight required under banking regulations.
Statement 3 is incorrect .The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 and directions issued by it.
Incorrect
Statement 1 is correct. Non-Banking financial companies are financial institutions that provide certain types of banking services, but do not hold a banking license.
Statement 2 is incorrect. These institutions are not allowed to take deposit from the public, which keeps them outside the scope of traditional oversight required under banking regulations.
Statement 3 is incorrect .The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 and directions issued by it.
- Question 3 of 7
3. Question
1 pointsIn reference to Aadhaar-based Biometric Authentication (ABBA), consider the following statements:
- An eligible individual can become a beneficiary, if only the aadhar number is seeded into household ration card.
- Working of the PoS machine, being used for the project, depends entirely on internet connectivity.
Which of the following statement is correct?
Correct
Statement 1 is correct as an eligible individual can become a beneficiary and access the PDS system only if her Aadhaar number is correctly seeded onto the PDS database and added to the household ration card.
Statement 2 is correct as successful working of the PoS machine depends entirely on internet connectivity as verification of the ration card number and the beneficiary’s biometric fingerprint is carried out over the internet.
Incorrect
Statement 1 is correct as an eligible individual can become a beneficiary and access the PDS system only if her Aadhaar number is correctly seeded onto the PDS database and added to the household ration card.
Statement 2 is correct as successful working of the PoS machine depends entirely on internet connectivity as verification of the ration card number and the beneficiary’s biometric fingerprint is carried out over the internet.
- Question 4 of 7
4. Question
1 pointsHaryana has become the first state to treat Hepatitis-C patients through oral medicine, in this context consider the following statements about Hepatitis-C:
- Hepatitis C is caused by the hepatitis C virus, which causes only acute hepatitis.
- Hepatitis C can lead to conditions like liver cancer and cirrhosis, or scarring of the liver.
Which of the following statement is incorrect?
Correct
Statement 1 is incorrect as Hepatitis C is a liver disease caused by the hepatitis C virus: the virus can cause both acute and chronic hepatitis, ranging in severity from a mild illness lasting a few weeks to a serious, lifelong illness.
Statement 2 is correct as Hepatitis C can lead to conditions like liver cancer and cirrhosis, or scarring of the liver. This is one of the top reasons people get liver transplants.
Incorrect
Statement 1 is incorrect as Hepatitis C is a liver disease caused by the hepatitis C virus: the virus can cause both acute and chronic hepatitis, ranging in severity from a mild illness lasting a few weeks to a serious, lifelong illness.
Statement 2 is correct as Hepatitis C can lead to conditions like liver cancer and cirrhosis, or scarring of the liver. This is one of the top reasons people get liver transplants.
- Question 5 of 7
5. Question
1 pointsWith reference to Islamic banking, consider the following statements:
- Islamic banking uses equity-participation systems.
- It prohibits collection and payment of interest by lenders and investors.
Which of the following statement(s) is/are correct?
Correct
Islamic banking is a banking system that is based on the principles of Islamic law, also referred to as Shariah law, and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest by lenders and investors. Collecting interest or “riga” is not permitted under Islamic law. Thus, statement 1 is correct.
In order to earn money without charging interest, Islamic banks use equity-participation systems. This means that if a bank loans money to a business, the business pays back the loan without interest, but it gives the bank a share in its profits. If the business defaults on the loan or does not earn any profits, the bank does not receive any profit either. Thus statement 2 is correct.
Incorrect
Islamic banking is a banking system that is based on the principles of Islamic law, also referred to as Shariah law, and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest by lenders and investors. Collecting interest or “riga” is not permitted under Islamic law. Thus, statement 1 is correct.
In order to earn money without charging interest, Islamic banks use equity-participation systems. This means that if a bank loans money to a business, the business pays back the loan without interest, but it gives the bank a share in its profits. If the business defaults on the loan or does not earn any profits, the bank does not receive any profit either. Thus statement 2 is correct.
- Question 6 of 7
6. Question
1 pointsWith reference to National Pension System, consider the following statements:
- The scheme has been designed for government employees only.
- Un-discharged insolvent and individuals of unsound mind are also entitled to join NPS.
Which of the following statement(s) is/are incorrect?
Correct
- The National Pension System (NPS) was initially designed for government employees only, it was opened up for all citizens of India in 2009. Thus, statement 1 is incorrect.
- A citizen of India, whether resident or non-resident can join NPS, subject to the following conditions:
- The subscriber should be between 18 and 65 years old as of the date of submission of his/her application to the Point of Presence (POP) / Point of Presence–Service Provider-Authorized branches of POP for NPS (POP-SP).
- The subscribers should comply with the Know Your Customer (KYC) norms as detailed in the subscriber registration form.
- Un-discharged insolvent and individuals of unsound mind cannot join NPS. Statement 2 is incorrect.
- The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India.
- The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004.
Incorrect
- The National Pension System (NPS) was initially designed for government employees only, it was opened up for all citizens of India in 2009. Thus, statement 1 is incorrect.
- A citizen of India, whether resident or non-resident can join NPS, subject to the following conditions:
- The subscriber should be between 18 and 65 years old as of the date of submission of his/her application to the Point of Presence (POP) / Point of Presence–Service Provider-Authorized branches of POP for NPS (POP-SP).
- The subscribers should comply with the Know Your Customer (KYC) norms as detailed in the subscriber registration form.
- Un-discharged insolvent and individuals of unsound mind cannot join NPS. Statement 2 is incorrect.
- The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India.
- The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who joined after 1 January 2004.
- Question 7 of 7
7. Question
1 pointsThe 12th Edition of the East Asia Summit (EAS-2017) is hosted by which of the following country?
Correct
- The 12th edition of East Asia Summit (EAS) will be held in Angeles, Philippines on November 13–14, 2017. It is a unique Leaders-led forum of 18 countries of the Asia-Pacific region formed to further the objectives of regional peace, security and prosperity.
- The membership of EAS consists of ten ASEAN Member States (i.e. Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Singapore, Thailand, the Philippines and Vietnam), Australia, China, India, Japan, New Zealand, Republic of Korea, Russian Federation and the USA.
Incorrect
- The 12th edition of East Asia Summit (EAS) will be held in Angeles, Philippines on November 13–14, 2017. It is a unique Leaders-led forum of 18 countries of the Asia-Pacific region formed to further the objectives of regional peace, security and prosperity.
- The membership of EAS consists of ten ASEAN Member States (i.e. Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Singapore, Thailand, the Philippines and Vietnam), Australia, China, India, Japan, New Zealand, Republic of Korea, Russian Federation and the USA.
