Insights Current Affairs Quiz (2016) – 34
05 February 2016
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 2016. 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.
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INSIGHTS CURRENT EVENTS QUIZ 2016
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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.
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Question 1 of 5
1. Question
2 pointsThe Government may be looking at ‘big ticket disinvestment’ this budget, which includes ‘Strategic Sales’. Which of the following statements about ‘Strategic Sale’ is/are incorrect?
- 51% or more than 51% of the total equity goes to the Strategic Partner (SP)
- The Government’s shareholding goes below 51%
- The Government has to ensure that the Agreements signed with the SP adequately safeguard the employees’ and nation’s interest
Select the correct answer using the code given below:
Correct
Solution: a.
“The transfer of shares by Government may not necessarily be such that more than 51% of the total equity goes to the Strategic Partner for the transfer of management to take place. In the case of PSUs, in order that the company no longer has the character of a Government company, the transfer of shares involves bringing down Governments shareholding below 51%. The Strategic Partner, after the transaction, may hold less percentage of shares than the Government but the control of management would be with him. For instance, if in a PSU the shareholding of Government is 51% and the balance is dispersed in public holdings, then Government may go in for a 25% strategic sale and pass on management control, though the Government would post-transfer have a larger share holding (26%) than the Strategic Partner (25%).”
Incorrect
Solution: a.
“The transfer of shares by Government may not necessarily be such that more than 51% of the total equity goes to the Strategic Partner for the transfer of management to take place. In the case of PSUs, in order that the company no longer has the character of a Government company, the transfer of shares involves bringing down Governments shareholding below 51%. The Strategic Partner, after the transaction, may hold less percentage of shares than the Government but the control of management would be with him. For instance, if in a PSU the shareholding of Government is 51% and the balance is dispersed in public holdings, then Government may go in for a 25% strategic sale and pass on management control, though the Government would post-transfer have a larger share holding (26%) than the Strategic Partner (25%).”
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Question 2 of 5
2. Question
1 pointsThe ‘South Asian Games’ is being held in India for the third time since its inception. It is being hosted by
Correct
Solution: c.
“From a historical perspective, the South Asian Games were established as a movement to foster peace and friendship through regular sporting contact between athletes from Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, Sri Lanka and current host India. The first edition was held in Kathmandu in 1984. That the event is being hosted for the first time in the North East of the country does add significance to the Games, the curtains to which will be brought down on February 16.”
“This is the third time India will host the Games, after Kolkata in 1987 and Chennai in 1995, and it will have hopes of continuing with its overall dominance across venues for a twelfth straight time.”
Incorrect
Solution: c.
“From a historical perspective, the South Asian Games were established as a movement to foster peace and friendship through regular sporting contact between athletes from Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan, Sri Lanka and current host India. The first edition was held in Kathmandu in 1984. That the event is being hosted for the first time in the North East of the country does add significance to the Games, the curtains to which will be brought down on February 16.”
“This is the third time India will host the Games, after Kolkata in 1987 and Chennai in 1995, and it will have hopes of continuing with its overall dominance across venues for a twelfth straight time.”
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Question 3 of 5
3. Question
1 pointsConsider the following statements:
- Between 2001 and 2011, employment growth was lower than growth in the labour force
- Employment elasticity is a measure of how employment growth varies with the growth in labour force
Which of the statements above is/are correct?
Correct
Solution: a.
“The huge challenge of employment generation needs to be addressed. As the Economic Survey 2014-15 shows, regardless of the data source used, employment growth (1.40 per cent) has lagged behind growth in the labour force (2.23 per cent) between 2001 and 2011. Clearly, employment elasticity of growth, showing the effectiveness of the economic system in generating employment, seems to have declined over time.”
Employment elasticity is a measure of how employment varies with economic output.
Example (From 2012): The Planning Commission says that employment elasticity has come down “from 0.44 in the first half of the decade 1999–2000 to 2004–05, to as low as 0.01 during the second half of the decade 2004–05 to 2009–10.” An employment elasticity of 0.01 implies that with every 1 percentage point growth in GDP, employment increases by just one basis point. (One basis point is one-hundredth of a percentage point.) It’s as good as saying that the extraordinary growth during those years didn’t lead to any employment growth at all.
http://www.thehindu.com/opinion/lead/going-against-the-grain/article8194370.ece
Incorrect
Solution: a.
“The huge challenge of employment generation needs to be addressed. As the Economic Survey 2014-15 shows, regardless of the data source used, employment growth (1.40 per cent) has lagged behind growth in the labour force (2.23 per cent) between 2001 and 2011. Clearly, employment elasticity of growth, showing the effectiveness of the economic system in generating employment, seems to have declined over time.”
Employment elasticity is a measure of how employment varies with economic output.
Example (From 2012): The Planning Commission says that employment elasticity has come down “from 0.44 in the first half of the decade 1999–2000 to 2004–05, to as low as 0.01 during the second half of the decade 2004–05 to 2009–10.” An employment elasticity of 0.01 implies that with every 1 percentage point growth in GDP, employment increases by just one basis point. (One basis point is one-hundredth of a percentage point.) It’s as good as saying that the extraordinary growth during those years didn’t lead to any employment growth at all.
http://www.thehindu.com/opinion/lead/going-against-the-grain/article8194370.ece
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Question 4 of 5
4. Question
1 pointsWith reference to the 73rd amendment to the Indian Constitution, which of the following statements is/are incorrect?
- To reserve seats (both members and chairpersons) for SCs, STs, OBCs and women in Panchayats at all three levels is a compulsory provision
- The PESA Act, 1996 is applicable only to Fifth Schedule Areas
Select the correct answer using the code given below:
Correct
Solution: a.
Providing reservation of seats for OBCs in Panchayats at any level is a voluntary provision.
Incorrect
Solution: a.
Providing reservation of seats for OBCs in Panchayats at any level is a voluntary provision.
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Question 5 of 5
5. Question
1 pointsConsider the following list:
- Bhuria Committee
- G V K Rao Committee
- Ashok Mehta Committee
- Balwant Rai Mehta Committee
Which of the above are associated with the scheme of ‘democratic decentralisation’ or as it has come to be known, ‘Panchayati Raj’?
Correct
Solution: d.
“Shri Singh said on the basis of the report of the Bhuria Committee submitted in 1995, PESA was enacted in 1996 to extend Part IX of the Constitution with certain modifications and exceptions to Fifth Schedule areas in 108 districts in 10 States.”
‘Panchayati Raj’, Indian Polity by M Laxmikanth
Incorrect
Solution: d.
“Shri Singh said on the basis of the report of the Bhuria Committee submitted in 1995, PESA was enacted in 1996 to extend Part IX of the Constitution with certain modifications and exceptions to Fifth Schedule areas in 108 districts in 10 States.”
‘Panchayati Raj’, Indian Polity by M Laxmikanth
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