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Editorials Quiz 2021-22
Information
Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
Consider the following statements regarding Development Finance Institutions (DFIs).
- Development Finance Institutions provide risk capital for economic development projects on non-commercial basis.
- During the pre-liberalised era, India had DFIs that were primarily engaged in development of industry in the country.
- In India, the first DFI was operationalised before Independence, with the setting up of the Industrial Finance Corporation (IFCI).
Which of the above statements is/are correct?
CorrectSolution: c)
The government plans to set up a Development Finance Institution (DFI) with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline.
A development finance institution (DFI) also known as a development bank is a financial institution that provides risk capital for economic development projects on non-commercial basis.
During the pre-liberalised era, India had DFIs which were primarily engaged in development of industry in the country.
In India, the first DFI was operationalised in 1948 with the setting up of the Industrial Finance Corporation (IFCI). Subsequently, the Industrial Credit and Investment Corporation of India (ICICI) was set up with the backing of the World Bank in 1955.
The Industrial Development Bank of India (IDBI) came into existence in 1964 to promote long-term financing for infrastructure projects and industry.
IncorrectSolution: c)
The government plans to set up a Development Finance Institution (DFI) with a view to mobilise Rs 111 lakh crore required for funding of the ambitious national infrastructure pipeline.
A development finance institution (DFI) also known as a development bank is a financial institution that provides risk capital for economic development projects on non-commercial basis.
During the pre-liberalised era, India had DFIs which were primarily engaged in development of industry in the country.
In India, the first DFI was operationalised in 1948 with the setting up of the Industrial Finance Corporation (IFCI). Subsequently, the Industrial Credit and Investment Corporation of India (ICICI) was set up with the backing of the World Bank in 1955.
The Industrial Development Bank of India (IDBI) came into existence in 1964 to promote long-term financing for infrastructure projects and industry.
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Question 2 of 5
Puttaswamy judgement is a landmark judgment of the Supreme Court of India that mainly deals with
CorrectSolution: d)
Justice K. S. Puttaswamy (Retd.) and Anr. vs Union Of India And Ors is a landmark judgment of the Supreme Court of India, which holds that the right to privacy is protected as a fundamental constitutional right under Articles 14, 19 and 21 of the Constitution of India.
IncorrectSolution: d)
Justice K. S. Puttaswamy (Retd.) and Anr. vs Union Of India And Ors is a landmark judgment of the Supreme Court of India, which holds that the right to privacy is protected as a fundamental constitutional right under Articles 14, 19 and 21 of the Constitution of India.
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Question 3 of 5
The Information Technology Act, 2000 deals with
- Hate content on the Internet
- Cyber Crime against women and children
- Electronic Commerce
- Electronic Records and Digital Signatures
Select the correct answer code:
CorrectSolution: d)
The Information Technology Act, 2000 is an Act of the Indian Parliament notified on 17 October 2000. It is the primary law in India dealing with cybercrime and electronic commerce.
Information Technology Act deals with hate content on the Internet.
The Union home ministry, in its report submitted to the Parliamentary panel on Home Affairs, has said that even as there is no “legislative definition for cybercrime”, any offence committed “against a computer resource or with the aid of a computer resource is called a cybercrime”. “Such offences are dealt as per the legal provisions of the Information Technology Act, Indian Penal Code, POSCO etc,”
IncorrectSolution: d)
The Information Technology Act, 2000 is an Act of the Indian Parliament notified on 17 October 2000. It is the primary law in India dealing with cybercrime and electronic commerce.
Information Technology Act deals with hate content on the Internet.
The Union home ministry, in its report submitted to the Parliamentary panel on Home Affairs, has said that even as there is no “legislative definition for cybercrime”, any offence committed “against a computer resource or with the aid of a computer resource is called a cybercrime”. “Such offences are dealt as per the legal provisions of the Information Technology Act, Indian Penal Code, POSCO etc,”
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Question 4 of 5
BN Srikrishna Committee, sometimes seen in news is related to
CorrectSolution: c)
Government-appointed committee, headed by retired judge B.N. Srikrishna, which is formulating a national data protection law for India.
IncorrectSolution: c)
Government-appointed committee, headed by retired judge B.N. Srikrishna, which is formulating a national data protection law for India.
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Question 5 of 5
Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) ensures Minimum Support Price (MSP) to farmers for
CorrectSolution: c)
- Ministry of Agriculture & Farmers Welfare implements Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) to ensure Minimum Support Price (MSP) to farmers of notified oilseeds and pulses qualifying Fair Average Quality (FAQ) norms.
- PM-AASHA is an umbrella scheme comprising of Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Private Procurement & Stockist Scheme (PPSS). These schemes are implemented at the request of the State Governments / Union Territories.
- PSS is implemented for procurement of pulses, oilseeds and copra at MSP, whereas PDPS is implemented for oilseeds.
- However, States/UTs may choose either PSS or PDPS in a given procurement season with respect to a particular oilseed crop for the entire State.
IncorrectSolution: c)
- Ministry of Agriculture & Farmers Welfare implements Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) to ensure Minimum Support Price (MSP) to farmers of notified oilseeds and pulses qualifying Fair Average Quality (FAQ) norms.
- PM-AASHA is an umbrella scheme comprising of Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Private Procurement & Stockist Scheme (PPSS). These schemes are implemented at the request of the State Governments / Union Territories.
- PSS is implemented for procurement of pulses, oilseeds and copra at MSP, whereas PDPS is implemented for oilseeds.
- However, States/UTs may choose either PSS or PDPS in a given procurement season with respect to a particular oilseed crop for the entire State.
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