Daily Current Affairs Quiz 06-05-2020

1. Which among the following are the state’s own tax revenues?

  1. 1.Taxes on agricultural income
  2. 2.Taxes on Land Revenue
  3. 3.Taxes and duties and electricity
  4. 4.Entertainment Tax
  5. Select the correct answer using the code given below:


2. With respect to the Capital Adequacy Ratio (CAR), consider the following statements:

  1. 1.CAR is a measure of the amount of a bank’s core capital expressed as a percentage of its risk-weighted asset.
  2. 2.It is decided by the Cabinet Committee on Economic Affairs to prevent commercial banks from taking excess leverage and becoming insolvent in the process.
  3. 3.Indian scheduled commercial banks are required to maintain a CAR of 8% as per the Basel I norms.
  4. Which of the statement(s) given above is/are correct?


3. In the context to the Depositor’s insurance, which of the statements given below are correct?

  1. 1.The government has set up Deposit Insurance and Credit Guarantee Corporation (DICGC) under RBI to protect depositors if a bank fails.
  2. 2.The DICGC does not deal directly with depositors rather the RBI appoints an official liquidator to oversee the winding up process.
  3. 3.Under the DICGC act, the liquidator is supposed to pay these dues within two months of receiving this list.
  4. Select the correct answer suing the code given below:


4. Consider the following, with regard to UV Blaster:

  1. 1.It is designed and developed by Laser Science & Technology Centre (LASTEC)
  2. 2.It is a UV based area sanitiser useful for high tech surfaces like electronic equipment and other gadgets in laboratories.
  3. Which of the statements given above is/are correct?


5. In context to Year of Awareness on Science and Health (YASH), consider the following:

  1. 1.It is a comprehensive and effective science and health communication effort for promoting grass-root level appreciation and response on health.
  2. 2.It is aimed at minimizing risks at all levels with the help of public communication and outreach activities.
  3. Which of the statements given above is/are correct?


6. With reference to Index of Industrial Production, consider the following:

  1. 1.It is an index which details out the growth of various sectors in an economy such as mineral mining, electricity, manufacturing, etc.
  2. 2.It is compiled and published monthly by the National Statistical Organisation (NSO), Ministry of Statistics and Programme Implementation.
  3. 3.The Base Year of the Index of Eight Core Industries has been revised from the year 2004-05 to 2011-12
  4. Which of the statements given above are correct?


7. Consider the following statements regarding SARFAESI Act:

  1. 1.It provides for the establishment of Asset Reconstruction Companies (ARCs) regulated by RBI to acquire assets from banks and financial institution
  2. 2.SARFAESI is effective only for secured loans where bank can enforce the underlying security.
  3. Choose the correct statement using the code given below:


8. Which of the following is/are possible benefits of Insolvency and Bankruptcy Code of India?

  1. 1.Enhance the ease of Doing Business in India
  2. 2.A decline in Non-performing assets in the banking sector
  3. 3.Better resolution of insolvent banks like Punjab and Maharashtra Cooperative Bank
  4. Select the correct answer using the code given below.


9. With reference to the “developing country” status in the WTO, which one of the following statement is not correct?


10. Which of the following statements is/are correct regarding the recently launched Forest-PLUS 2.0 programme by the Government of India?

  1. 1.The government has for the first time set a target for carbon sequestration by increasing the forest cover.
  2. 2.Private investment will be mobilised under the programme to unlock economic opportunities for forest-dependent people.
  3. 3.The Indian government has collaborated with the Forest Carbon Partnership Facility to implement the programme.
  4. Select the correct answer using the code given below:


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