FRAMED FROM WIKIPEDIA
Q.1 With reference to the news, what is 20:80 scheme of gold ?
A) It is the central sponsored scheme representing the highest share of the central government as compared to the state government
B) It was introduced to bring down gold imports and narrow the current account deficit
C) It is the central sponsored scheme for increasing the visible & invisible exports
D) It was introduced to enhance the gold exports thereby reducing the fiscal deficit
Ans. B
The 20:80 import rule linking imports to exports was introduced last year to bring down gold imports and narrow the current account deficit that had hit a record of 4.8 per cent of GDP.
Although legal import of gold declined in the subsequent months, the 20:80 rule was not only encouraging smuggling but it was also misused by many traders.
FRAMED FROM WIKIPEDIA
Q.2 Which among the following is/are the targets that have to be achieved under the AMRUT scheme ?
1. Tap water & sewerage facilities
2. Internet & wifi facilities
3. Pollution reduction
Select the correct answer using the codes given below :
A) Only 1
B) 1 & 3
C) 2 & 3
D) 1,2,3
Ans. D
The scheme was launched by Prime Minister Narendra Modi in June 2015 with the focus of the urban renewal projects is to establish infrastructure that could ensure adequate robust sewage networks and water supply for urban transformation. Rajasthan was the first state in the country to submit State Annual Action Plan under Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
About ₹1 lakh crore (US$16 billion) investment on urban development under Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation of 500 cities has already been approved by the government
Some of the broad targets of AMRUT scheme are ascertaining that every one has access to tap water and sewerage facilities, greenery like parks and open spaces are well maintained, digital and smart facilities like weather prediction, internet and WiFi facilities, pollution reduction by encouraging the public for using cheaper but secure public transport etc.
FRAMED FROM TIMES OF INDIA
Q.3 Which among the following is/are the examples of the payment banks ?
1. Reliance Industries
2. Sun Pharmaceuticals
3. Paytm
Select the correct answer using the codes given below :
A) 1 & 3
B) Only 3
C) 2 & 3
D) 1,2,3
Ans. D
Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. Airtel has launched India’s first live payments bank.[1] Paytm is the second such service to be launched in the country. India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm. Aditya Birla group earned payments bank permit on 3 March 2017.
The voting rights will be regulated by the Banking Regulation Act, 1949.
The bank should be fully networked from the beginning. The bank can accept utility bills. It cannot form subsidiaries to undertake non-banking activities.
The bank cannot undertake lending activities.
The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949, and will be registered as public limited company under the Companies Act, 2013.
On 19 August 2015, the Reserve Bank of India gave “in-principle” licences to eleven entities to launch payments banks:[12][13]
1. Aditya Birla Nuvo
2. Airtel M Commerce Services
3. Cholamandalam Distribution Services
4. Department of Posts
5. FINO PayTech
6. National Securities Depository
7. Reliance Industries
8. Sun Pharmaceuticals
9. Paytm
10. Tech Mahindra
11. Vodafone M-Pesa
The “in-principle” license is valid for 18 months within which the entities must fulfil the requirements. They are not allowed to engage in banking activities within the period. The RBI will consider grant full licenses under Section 22 of the Banking Regulation Act, 1949, after it is satisfied that the conditions have been fulfilled.
FRAMED FROM WIKIPEDIA
Q.4 Which among the following is/are the members of the Eurasian Economic Union ?
1. Belarus
2. Russia
3. Kazakhstan
4. Uzbekistan
Select the correct answer using the codes given below :
A) 1,2,3
B) 3 & 4
C) 2,3,4
D) 1,2,3,4
Ans. A
It is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EAEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.Treaties aiming for Armenia’s and Kyrgyzstan’s accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia’s accession treaty came into force on 2 January 2015.Kyrgyzstan’s accession treaty came into effect on 6 August 2015.[11][12] It participated in the EAEU from the day of its establishment as an acceding state
The day-to-day work of the EAEU is done through the Eurasian Economic Commission (the executive body), which is a supranational body similar to European Commission. There is also a judicial body – the Court of the EAEU
The Eurasian Economic Union is located at the eastern end of Europe, bounded by the Arctic in the north, the Pacific Ocean to the east and East Asia, the Middle East and part of Central Asiato the south.
The council is composed of the Vice Prime Ministers of the member states.
The collegium is composed of twelve commissioners, one of which is the Chairman of the board
FRAMED FROM RAMESH SINGH-INDIAN ECONOMICS
Q.5 Which among the following is/are correct with respect to the Corporate bond ?
1. It is issued by the corporation with maturity shorter than one year
2. These are traded in decentralized & over-the-counter markets
Select the correct answer using the codes given below :
A) Only 1
B) Only 2
C) Both are correct
D) Both are incorrect
Ans. B
A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business.The term is usually applied to longer-term debt instruments, with maturity of at least one year. Corporate debt instruments with maturity shorter than one year are referred to as commercial paper. According to their credit rating. Bonds rated AAA, AA, A, and BBB are High Grade, while bonds rated BB and below are High Yield. Foreign corporates issuing bonds in the US Dollar market are called Yankees and their bonds are Yankee bonds.
FRAMED FROM RAMESH SINGH-INDIAN ECONOMICS
Q.6 Which among the following is/are correct with respect to the Central Employment Guarantee Council ?
1. It has been created under the separate act of the Parliament
2. The council must be presided by the Governor of the central bank of India
3. Members of the council are nominated by the Speaker of the Lok Sabha
4. It is headed by the ministry of the rural development
Select the correct answer using the codes given below :
A) Only 4
B) 1 & 4
C) 1,2,4
D) 2 & 3
Ans. A
It is the apex body under MNREGA
Works as MNREGA watchdog
Tenure of the members is 1 year
Responsible for central monitoring & evaluation system in MNREGA
It is headed by the ministry of the rural development
FRAMED FROM WIKIPEDIA
Q.7 Which among the following is/are the core schemes ?
1. MNREGA
2. National Social Assistance Plan
3. National Programme for persons with disabilities
Select the correct answer using the codes given below :
A) Only 1
B) 2 & 3
C) Only 3
D) 1,2,3
Ans. D
Core schemes: For these schemes, the fund-sharing pattern between the Centre and states would be 60:40 for general category states. For the eight Northeastern states & three Himalayan states , ratio is 90:10. These are fully funded by the centre
FRAMED FROM THE HINDU
Q.8 With reference to the news there is a term Impact index, what is this ?
A) It is an instrument used by RBI to control Inflation
B) It is an alternative statistical system in cricket which measures the contribution of each player in the context of the impact that he has on the match
C) It is an index used to determine the thrush exerted by the rocket while its launch
D) It is an instrument used by Finance Minister for credit control
Ans. B
FRAMED FROM THE HINDU
Q.9 With reference to the proposed GST Council, consider the following statements:
1. All the grocery items are excluded under the GST
2. Finance minister or State finance ministers will be acted as the chairman of the GST council
Select the correct answer using the codes given below :
A) Only 1
B) Only 2
C) Both are correct
D) Both are incorrect
Ans. D
Ist statements is incorrect as Grocery items includes Pulses, Food items, Fruits,Milk etc. So not all the items are excluded under the GST
Finance minister will be acted as the chairman of the GST council
State finance ministers or taxation minister or any minister nominated by state government
FRAMED FROM MHRD.GOV.IN
Q.10 With reference to the Technical Education Quality Improvement Programme , consider the following statements :
1. Only states willing to accept educational reforms will be eligible for world bank aid
2. Selection of institutions will be decided by Ministry of human resource & development
3. The total outlay for this plan would be 36,000 crore
Select the correct answer using the codes given below :
A) Only 1 & 3
B) Only 1
C) 2 & 3
D) Only 3
Ans. B
Selection of institutions will be decided in consultation with stakeholders & world bank
The total outlay for this plan would be 36,00 crore
Technical Education Quality Improvement Programme (TEQIP) was conceived and designed as a long term Project to be implemented in 10 to 12 years in 3 Phases in order to support excellence and transformation in Technical Education in the country.
Each Phase of the Project was to be implemented on the basis of success achieved and lessons learned in the earlier Phase.
• The Phase – I of the Project started in 2003 which lasted till 2009.
• The second phase was from 2010 which lasted till October 2016.
• The third phase would be implemented as a ‘Central Sector Scheme’.
