[ad_1]
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. 🙂
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:
-
Question 1 of 5
Consider the following statements regarding the Representation of Peoples Act, 1951.
- The Representation of Peoples Act, 1951 provides a legal framework for the conduct of elections in India.
- The key provisions of the act include allocation of seats in the House of the People and in the Legislative Assemblies and Legislative Councils of States.
- The Act also provides for disqualification of candidates on conviction for certain offences.
Which of the above statements is/are correct?
CorrectSolution: d)
The Representation of Peoples Act, 1951 also provides a legal framework for the conduct of elections in India.
The key provisions of the act include allocation of seats in the House of the People and in the Legislative Assemblies and Legislative Councils of States.
The Act also lays down procedures for electoral rolls and the manner of filling seats. There are provisions under ROPA for disqualification of candidates.
IncorrectSolution: d)
The Representation of Peoples Act, 1951 also provides a legal framework for the conduct of elections in India.
The key provisions of the act include allocation of seats in the House of the People and in the Legislative Assemblies and Legislative Councils of States.
The Act also lays down procedures for electoral rolls and the manner of filling seats. There are provisions under ROPA for disqualification of candidates.
-
Question 2 of 5
Under the Foreign Contribution (Regulation) Act, currently who among the following cannot receive foreign donations?
- Political parties
- Government officials
- Judges of Supreme Court and High Courts
- Media persons
Select the correct answer code:
CorrectSolution: c)
Who cannot receive foreign donations?
Members of legislature, political parties, government officials, judges, media persons are prohibited from receiving any foreign contribution.
However, in 2017, the MHA through the Finance Bill route repealed FCRA law paving the way for political parties to receive funds from the Indian subsidiary of a foreign company or a foreign company where an Indian holds 50% or more shares.
IncorrectSolution: c)
Who cannot receive foreign donations?
Members of legislature, political parties, government officials, judges, media persons are prohibited from receiving any foreign contribution.
However, in 2017, the MHA through the Finance Bill route repealed FCRA law paving the way for political parties to receive funds from the Indian subsidiary of a foreign company or a foreign company where an Indian holds 50% or more shares.
-
Question 3 of 5
Consider the following statements regarding Foreign Contribution Regulation (Amendment), Act 2020.
- Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose.
- The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch.
- The act increased administrative expenses through foreign funds by an organization compared to Foreign Contribution (Regulation) Act, 2010.
Which of the above statements is/are correct?
CorrectSolution: b)
Foreign Contribution Regulation (Amendment), Act 2020:
- Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose.
- The amendment also forbids sub-granting by NGOs to smaller NGOs who work at the grassroots.
- The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch. No funds other than the foreign contribution should be received or deposited in this account.
- Aadhar usage: The act makes it compulsory for all trustees to register their Aadhaar card with the FCRA account.
- The Act also makes Aadhaar a mandatory identification document. It is for all the office bearers, directors, and other key functionaries of an NGO.
- Restriction in utilisation of foreign contribution: The act gives government powers to stop utilization of foreign funds by an organization through a “summary enquiry”.
- Reduction in use of foreign contribution for administrative purposes: The act decreases administrative expenses through foreign funds by an organization to 20% from 50% earlier.
- Surrender of certificate: The act allows the central government to permit a person to surrender their registration certificate.
IncorrectSolution: b)
Foreign Contribution Regulation (Amendment), Act 2020:
- Under the Act, foreign contribution cannot be transferred to any other person unless such person is also registered for that purpose.
- The amendment also forbids sub-granting by NGOs to smaller NGOs who work at the grassroots.
- The act states that foreign contributions must be received only in an FCRA account opened in the State Bank of India, New Delhi Branch. No funds other than the foreign contribution should be received or deposited in this account.
- Aadhar usage: The act makes it compulsory for all trustees to register their Aadhaar card with the FCRA account.
- The Act also makes Aadhaar a mandatory identification document. It is for all the office bearers, directors, and other key functionaries of an NGO.
- Restriction in utilisation of foreign contribution: The act gives government powers to stop utilization of foreign funds by an organization through a “summary enquiry”.
- Reduction in use of foreign contribution for administrative purposes: The act decreases administrative expenses through foreign funds by an organization to 20% from 50% earlier.
- Surrender of certificate: The act allows the central government to permit a person to surrender their registration certificate.
-
Question 4 of 5
Bhashan Char Island, sometimes seen in the news, is located in:
CorrectSolution: d)
Bhashan Char is located in the estuary of the Meghna river.
It falls in an ecologically fragile area prone to floods, erosion and cyclone.
Bhasan Char, also known as Char Piya, is an island in Hatiya Upazila, Bangladesh. It is located in the Bay of Bengal, 37 miles from the coast. The island was formed with Himalayan silt in 2006.
Bangladesh had shifted refugees to the island of Bhashan Char from the mainland Bangladesh.
IncorrectSolution: d)
Bhashan Char is located in the estuary of the Meghna river.
It falls in an ecologically fragile area prone to floods, erosion and cyclone.
Bhasan Char, also known as Char Piya, is an island in Hatiya Upazila, Bangladesh. It is located in the Bay of Bengal, 37 miles from the coast. The island was formed with Himalayan silt in 2006.
Bangladesh had shifted refugees to the island of Bhashan Char from the mainland Bangladesh.
-
Question 5 of 5
Consider the following statements regarding Non-Banking Financial Company (NBFC).
- NBFCs cannot accept demand deposits.
- Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
- NBFCs form a part of the payment and settlement system and can issue cheques drawn on itself.
Which of the above statements is/are correct?
CorrectSolution: b)
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
- NBFC cannot accept demand deposits;
- NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
IncorrectSolution: b)
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
- NBFC cannot accept demand deposits;
- NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
iii. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Join our Official Telegram Channel HERE for Motivation and Fast Updates
Subscribe to our YouTube Channel HERE to watch Motivational and New analysis videos
[ad_2]