The following quiz will have 5-10 MCQs. The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2021. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
Puucho CURRENT AFFAIRS QUIZ 2020
Information
The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
To view Solutions, follow these instructions:
Click on – ‘Start Quiz’ button
Solve Questions
Click on ‘Quiz Summary’ button
Click on ‘Finish Quiz’ button
Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the quiz before. Hence you can not start it again.
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
maximum of 5 points
Pos.
Name
Entered on
Points
Result
Table is loading
No data available
Question 1 of 5
1 points
Consider the following statements.
In 2020-21, India has seen surplus in both current account and trade account.
National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are the Depositories which holds securities of investors in electronic form.
Which of the above statements is/are correct?
Correct
Solution: b)
India’s current account in the balance of payments ended in a surplus to the extent of 0.9 per cent of GDP in FY ’21 for the first time in 17 years as trade deficit narrowed due to contraction in pandemic induced import demand. But as the economy opened up in the latter parts of the year, the fourth quarter ending March’21 ended in a deficit.
A depository is an organization which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered depository participant. It also provides services related to transactions in securities.
At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with SEBI.
India’s current account in the balance of payments ended in a surplus to the extent of 0.9 per cent of GDP in FY ’21 for the first time in 17 years as trade deficit narrowed due to contraction in pandemic induced import demand. But as the economy opened up in the latter parts of the year, the fourth quarter ending March’21 ended in a deficit.
A depository is an organization which holds securities (like shares, debentures, bonds, government securities, mutual fund units etc.) of investors in electronic form at the request of the investors through a registered depository participant. It also provides services related to transactions in securities.
At present two Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are registered with SEBI.
Consider the following statements regarding Artemis Accords.
Artemis Accords was led by China.
The accords are an agreement to abide by a set of principles to guide the expanding human activity on the moon.
Recently India signed the accord.
Which of the above statements is/are correct?
Correct
Solution: c)
A year ago, eight countries led by the United States signed the so-called Artemis Accords. The accords are an agreement to abide by a broad set of principles to guide the expanding human activity on the moon – ranging from mining resources to setting up lunar colonies. The eight signatories were from Australia, Canada, Italy, Japan, Luxembourg, United Arab Emirates, United Kingdom, and the United States. Since then, many others have joined — Brazil, South Korea, New Zealand, and Ukraine.
A year ago, eight countries led by the United States signed the so-called Artemis Accords. The accords are an agreement to abide by a broad set of principles to guide the expanding human activity on the moon – ranging from mining resources to setting up lunar colonies. The eight signatories were from Australia, Canada, Italy, Japan, Luxembourg, United Arab Emirates, United Kingdom, and the United States. Since then, many others have joined — Brazil, South Korea, New Zealand, and Ukraine.
RBI Retail Direct Scheme allows retail investors to buy and sell government securities (G-Sec) online, both in the primary and secondary markets.
RBI Integrated Ombudsman Scheme will help in improving the grievance redress mechanism for resolving customer complaints against RBI’s regulated entities.
Which of the above statements is/are correct?
Correct
Solution: c)
Recently Prime Minister Narendra Modi launched two customer-centric initiatives of the Reserve Bank of India (RBI) — the RBI Retail Direct Scheme and the Integrated Ombudsman Scheme.
RBI Retail Direct Scheme
The scheme allows retail investors to buy and sell government securities (G-Sec) online, both in the primary and secondary markets. According to details provided by RBI, these small investors can now invest in G-Secs by opening a gilt securities account with the RBI. The account opened will be called Retail Direct Gilt (RDG) Account.
RBI Integrated Ombudsman Scheme
This will help in improving the grievance redress mechanism for resolving customer complaints against RBI’s regulated entities. According to the PMO, the scheme is based on “One Nation-One Ombudsman” with one portal, one email, and one address for the customers to lodge their complaints.
The redressal will continue to be cost-free for customers of banks and members of the public.
Recently Prime Minister Narendra Modi launched two customer-centric initiatives of the Reserve Bank of India (RBI) — the RBI Retail Direct Scheme and the Integrated Ombudsman Scheme.
RBI Retail Direct Scheme
The scheme allows retail investors to buy and sell government securities (G-Sec) online, both in the primary and secondary markets. According to details provided by RBI, these small investors can now invest in G-Secs by opening a gilt securities account with the RBI. The account opened will be called Retail Direct Gilt (RDG) Account.
RBI Integrated Ombudsman Scheme
This will help in improving the grievance redress mechanism for resolving customer complaints against RBI’s regulated entities. According to the PMO, the scheme is based on “One Nation-One Ombudsman” with one portal, one email, and one address for the customers to lodge their complaints.
The redressal will continue to be cost-free for customers of banks and members of the public.
Consider the following statements regarding Ever-greening of Loans.
1. Ever-greening loans is lending a new loan to a borrower on the verge of default, near the repayment date of an existing loan, to facilitate its repayment.
Banks are required to disclose them like they disclose the restructurings of loans.
Which of the above statements is/are incorrect?
Correct
Solution: b)
Ever-greening loans is lending a new loan to a borrower on the verge of default, near the repayment date of an existing loan, to facilitate its repayment (Tantri, 2020). Such transactions go undetected as banks are not required to disclose them, unlike restructurings that warrant disclosures.
Incorrect
Solution: b)
Ever-greening loans is lending a new loan to a borrower on the verge of default, near the repayment date of an existing loan, to facilitate its repayment (Tantri, 2020). Such transactions go undetected as banks are not required to disclose them, unlike restructurings that warrant disclosures.
Question 5 of 5
1 points
Consider the following statements.
Belarus is a landlocked country in Eastern Europe.
It shares its border with Russia, Ukraine and Poland.
Which of the above statements is/are correct?
Join our Official Telegram Channel HERE for Motivation and Fast Updates
Subscribe to our YouTube ChannelHERE to watch Motivational and New analysis videos
