DAILY CURRENT AFFAIRS QUIZ– 07-01-2022

1. With reference to the difference between the Small Finance Banks and Payment Banks, consider the following statements:

    1. 1. While Payment banks can undertake both deposit and lending activity, the Small Finance Banks cannot lend loans.
    2. 2. The Payment Banks cannot accept deposits more than Rs 1 lakh, while the Small Finance Banks has no restrictions like Payment Banks.

Select the correct answer using the code given below:

 
 
 
 

2. Consider the following with respect to the Small Finance Banks (SFB):

    1. 1. The minimum paid-up equity capital is Rs. 1000 crores.
    2. 2. They have no obligations to meet the CRR and SLR requirements as they are not covered under the regular formal banking system.
    3. 3. Small finance banks can issue both credit and debit cards, as well as internet banking facilities.

Select the correct answer using the code given below:

 
 
 
 

3. Recently, Unmanned Aerial Vehicle (UAV) were used for the first time to drop explosive devices, triggering blasts inside the Air Force Station’s technical area in Jammu. UAV’s are used in which of the following purposes?

    1. 1. Package Delivery
    2. 2. in Agriculture for spraying pesticides
    3. 3. Monitoring Environmental Changes
    4. 4. Aerial Photography

Select the correct answer using the code given below:

 
 
 
 

4. With reference to the Drone Rules, 2021, which of the statement(s) given below is/are not correct?

    1. 1. No flight permission required upto 200 feet in green zones and upto 400 feet in the area between 8 and 12 km from the airport perimeter.
    2. 2. No pilot licence required for micro drones (for non-commercial use), nano drone and for R&D organisations.
    3. 3. No restriction on drone operations by foreign-owned companies registered in India.

Select the correct answer using the code given below:

 
 
 
 

5. With reference to Caspian Sea, which of the following statements is/are Correct?

    1. 1. It is the world’s largest inland body of Water.
    2. 2. The Caspian Sea is endorheic.
    3. 3. Volga, Ural, and Terek empty into the Caspian Sea.

Options:

 
 
 
 

6. With respect to Pradhan Mantri Formalization of Micro food processing Enterprises (PM FME) Scheme, which of the following statements is/are correct?

    1. 1. It is a centrally sponsored Scheme that aims to enhance the Competitiveness of existing individual Micro-Enterprises in the Unorganized segment of the food Processing Industry.
    2. 2. It has an outlay of Rs. 10,000 crores over a period of five years from 2020-21 to 2024-25.

Options:

 
 
 
 

7. Consider the following statements:

    1. 1. As per Article 348 of the Constitution of India, English is the Official Language for all the Courts in India.
    2. 2. The Governor of a state, with the consent of the Chief Justice of the relevant High Court, can Authorize use of official Language of the state in proceedings before its High Court.

Which of the statements is/are correct?

 
 
 
 

8. Consider the following, with regard to Omisure Kit:

    1. 1. It Is a made in India RT-PCR kit approved by the Indian Council of Medical Research.
    2. 2. It uses S-Gene Target Failure (SGTF) strategy and eliminates the step involving Genome Sequencing.

Which of the statements given above is/are correct?

 
 
 
 

9. Consider the following, with regard to Jagannath Temple Odisha:

    1. 1. It was constructed by King Anatavarman Chodaganga Deva of the Eastern Ganga Dynasty.
    2. 2. It was also called the Black Pagoda by the sailors.

Which of the statements given above is/are correct?

 
 
 
 

10. In context to the 103rd Constitution (Amendment) Act, 2019, consider the following statements:

    1. 1. It Introduced the 10% EWS (Economically Weaker Section) Quota.
    2. 2. It amended Article 15 and Article 16 of the Indian Constitution.

Which of the statements given above is/are correct?

 
 
 
 

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