DESIREIAS QUIZ

03 November 2018 Daily MCQ Based on Current Affair (Answers)

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03 November 2018 Daily MCQ Based on Current Affair

Q-Sometimes often seen a term of A rainy day or rainy day fund ..what its mean ?

1-A rainy day or rainy day fund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue.

2-A rainy day or rainy day fund is  an un-reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue

3-A rainy day or rainy day fund is  new concept in share and market

4-A rainy day or rainy day fund belongs to disaster management

MCQ Source- 03rd November 2018, The Hindu Newspaper,Page-11 Topic- RBI defends stiffer bank capital norms

Ans-A

 

 

Q-Consider the following statements

1-Basel is a city in Germany  which is also the headquarters of Bureau of International Settlement (BIS).

2-BIS fosters co-operation among central banks with a common goal of financial stability and common standards of banking regulations.

3- Basel norms is legally binding in nature

Select the correct answer using the code given below:

A- Only 1

B- Only 2,3

C- Only 2

D-All of the above

MCQ Source- 03rd November 2018, The Hindu Newspaper,Page-11 Topic- RBI defends stiffer bank capital norms

Ans-C

 

 

Q- Botswana doesnot share bordered with ?

A-Zambia

B-Zimbabwe

C-Namibia

D-Angola

MCQ Source- 02 November PIB News Analysis http://pib.nic.in/PressReleseDetail.aspx?PRID=1551725

Ans-D

More information ( Plz Check Map)

  • At Kazungula, four countries – Botswana, Zimbabwe, Zambia and Namibia – meet at a single point mid-stream in the Zambezi River.

Q- Consider the following statements  regarding 59 minute loan portal

1- loans upto Rs. 10 crore can be granted in-principle approval through this portal, in just 59 minutes

2- a link to this portal will be made available through the GST portal

3- 2 percent interest subvention for all GST registered MSMEs, on fresh or incremental loans.

Select the correct answer using the code given below:

A- Only 1

B- Only 2,3

C- Only 2

D-All of the above

MCQ Source- 02 November PIB News Analysis http://pib.nic.in/PressReleseDetail.aspx?PRID=1551725

Ans-B

Exp-

  • loans upto Rs. 1 crore can be granted in-principle approval through this portal, in just 59 minutes
  • a link to this portal will be made available through the GST portal.
  • 2 percent interest subvention for all GST registered MSMEs, on fresh or incremental loans.
  • For exporters who receive loans in the pre-shipment and post-shipment period, the Prime Minister announced an increase in interest rebate from 3 percent to 5 percent.

 

Q- Consider the following statements  regarding compulsorily procurement for MSMEs

1-Public sector companies have now been asked to compulsorily procure 25 percent, instead of 20 percent of their total purchases, from MSMEs.

2- 3 percent must now be reserved for women entrepreneurs.

Select the correct answer using the code given below:

A- Only 1

B- Only 2

C- Both are Correct

D- None of the Above

MCQ Source- 02 November PIB News Analysis http://pib.nic.in/PressReleseDetail.aspx?PRID=1551725

ans-C

Exp-

very important information in PIB ( thatwhy we made MCQ for these point)

 

Q-Consider the following statements

1-Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme

2-The APY will be focussed only on all citizens in the unorganised sector

3-Now small finance banks and payment banks can also offer APY

Select the correct answer using the code given below:

A- Only 1,2,3

B- Only 1,2

C- only 1,3

D-  Only 2,3

MCQ Source- 02 November PIB News Analysis http://pib.nic.in/PressReleseDetail.aspx?PRID=1551725

Ans-A

  • Development Authority (PFRDA) and who are notmembers of any statutory social security scheme.
  • Now small finance banksand payment banks can also offer APY (Changed in January 2018)
  • Contribution of subscribers would vary based on their age
  • Subscribers would receive the fixed pension of Rs. 1K/2K/3K/4K/5K per month, at the age of 60 years, depending on their contributions.
  • The Central Government would also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from 2015-16 to 2019-20, who join the NPS before 31stDecember, 2015 and who are not income tax payers
  • There is no exit to the scheme before the age of 60. In case of death of subscriber, the spouse of the subscriber shall be entitled for the same amount of pension till his or her death.
  • New Changes:
    • All accounts opened after August 2018 will have accident insurance limit of Rs 2 lakh, double than earlier Rs 1 lakh limit.
    • The overdraft facility of the scheme was also increased from Rs 5,000 to Rs 10,000.

 

Q-Consider the following statements

1-Radio Frequency Identification (RFID) uses radio waves to communicate between two objects: a reader and a tag

2-A tag can be read from up to several feet away and does not need to be within direct line-of-sight of the reader to be tracked.

3-RFID applications  can use in environment study

 Select the correct answer using the code given below:

A- Only 1,3

B- Only 2

C- 1,2

D- all of the Above

MCQ Source- 02 November PIB News Analysis http://pib.nic.in/PressReleseDetail.aspx?PRID=1551725

Ans-D

 

 Exp-

Emerging RFID applications include:
• Self-checkins at Libraries / rental services as well as retail premises.
• Livestock Management and pet identification.
• Toll/road – collection/charging and control measures. Many more RFID-based payment collection systems.
• Building Security – secure access controls, documentation and passports.
• Airports – for baggage tracking and tracing/locating.
• SMART home controls – systems to manage home/business energy consumption/production.
• Seismic Sensing – such as locating gas lines and temperature sensing (geophysical).
• Environmental – Energy, Ozone & Pollution measuring equipment.

 

Q-Consider the following statements

1- Minimum Support Price (MSP) is the price at which the government purchases crops from the farmers.

2-MSP is announced for 24 crops

3- there  is MSP Price for Sugarcane

 Select the correct answer using the code given below:

A- Only 1

B- Only 2

C- only 1,3

D- All of the Above

MCQ Source- 03rd November 2018, The Hindu Newspaper,page-9 Topic-Anger on the farms

Ans-A

Exp-

  • MSP is announced for 25 crops
  • No MSP for Sugarcane. Instead government fixes FRP (Fair & Remunerative Price) for sugarcane. Each state then fixes its own SAP(State Advised Price)

Q- Consider the following statements Regarding Green crackers

1-Green crackers are said to be less harmful as compared to the conventional firecrackers.

2-Green crackers do not contain harmful chemicals. It means that less pollution emission resulting in reduced air pollution

3- Idea of green firecrackers is carried forward by a network of Central Drug Research Institute labs

Select the correct answer using the code given below:
A-1,2
B-1,3
C-2,3
D-all of the above

MCQ Source –3rd November 2018,The Hindu Newspaper, Page-7 , Topic- Green crackers make Sivakasi see red

Ans-A

Exp-

  • Green crackers are said to be less harmful as compared to the conventional firecrackers.
  • Green crackers do not contain harmful chemicals. It means that less pollution emission resulting in reduced air pollution
  • idea of green firecrackers is carried forward by a network of CSIR labs
  • in the green crackers, the materials which are less harmful and less dangerous to the environment are used.
  • idea of green firecrackers is carried forward by a network of Council of Scientific and Industrial Research (CSIR) labs
  • crackers have been named as Safe Water Releaser (SWAS), Safe Thermite Cracker (STAR) and Safe Minimal Aluminium (SAFAL). According to the researchers, the crackers have the unique property of releasing water vapour and/or air as a dust suppressant and diluent for gaseous emissions that match with the performance in sound with traditional conventional crackers. These crackers are now under the testing stage at the Petroleum and Explosives Safety Organisation.

 

Q-In one barrel how many litres in it ?

A-149 litres

B-159 litres

C-169 litres

D-None of the above

MCQ Source- 03rd November ,The Hindu Newspaper,Page-11 Topic- Josh returns as markets light up on Diwali eve (Even UPSC has been Asked this questions in 1995 to 2000 Year)

 

Ans-B