QUIZ – 2017: Insights Current Affairs Quiz, 20 March 2019
QUIZ – 2017: Insights Current Affairs Quiz
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 2018. 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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0 of 5 questions completed Questions: 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. To view Solutions, follow these instructions: Click on – ‘Start Quiz’ button Solve Questions Click on ‘Quiz Summary’ button Click on ‘Finish Quiz’ button Now click on ‘View Questions’ button – here you will see solutions and links.INSIGHTS CURRENT EVENTS QUIZ 2019
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Question 1 of 5
1. Question
1 pointsConsider the following statements about Insolvency and Bankruptcy Code (IBC), 2016.
- IBC seeks for insolvency resolution of corporate persons, partnership firms and individuals.
- Debt Recovery Tribunal is the adjudicating authority for corporate insolvency.
- There are also provisions to deal with cross border insolvency.
Which of the above statements is/are correct?
Correct
Solution: c)
IBC, 2016 is an Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.
Insolvency and Bankruptcy Code (IBC), 2016:
- Override other existing laws on matters pertaining to Insolvency and Bankruptcy.
- Resolve insolvencies within 180 days. (Extendable upto 270 days) for the Company.
- Debt Recovery Tribunal – Adjudicating authority for individuals and partnerships.
- National Company Law Tribunal – Adjudicating authority for corporate insolvency (forCompanies and Limited Liability Partnership firms).
- Insolvency and Bankruptcy Board of India to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and information utilities.
- Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).
- Enabling provisions to deal with cross border insolvency.
Incorrect
Solution: c)
IBC, 2016 is an Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.
Insolvency and Bankruptcy Code (IBC), 2016:
- Override other existing laws on matters pertaining to Insolvency and Bankruptcy.
- Resolve insolvencies within 180 days. (Extendable upto 270 days) for the Company.
- Debt Recovery Tribunal – Adjudicating authority for individuals and partnerships.
- National Company Law Tribunal – Adjudicating authority for corporate insolvency (forCompanies and Limited Liability Partnership firms).
- Insolvency and Bankruptcy Board of India to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and information utilities.
- Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).
- Enabling provisions to deal with cross border insolvency.
-
Question 2 of 5
2. Question
1 pointsGlobal Peace Index is released by?
Correct
Solution: d)
India has moved one notch higher to 136th position in the 2018 Global Peace Index prepared by the international think-tank Institute for Economics and Peace (IEP), which was topped by Iceland.
Incorrect
Solution: d)
India has moved one notch higher to 136th position in the 2018 Global Peace Index prepared by the international think-tank Institute for Economics and Peace (IEP), which was topped by Iceland.
-
Question 3 of 5
3. Question
1 pointsConsider the following statements about National Supercomputing Mission.
- The mission is jointly steered by Department of Science and Technology and Department of Electronics and Information Technology (DeitY).
- The mission envisages installing vast supercomputing grid comprising of over 70 high-performance computing facilities spread across the county.
- These supercomputers will also be networked on the National Supercomputing grid over the National Knowledge Network (NKN).
Which of the above statements is/are correct?
Correct
Solution: d)
- National Supercomputing Mission, approved in 2016, is being implemented and steered jointly by the Department of Science and Technology (DST) and Department of Electronics and Information Technology (DeitY).
- The Mission envisages empowering national academic and R&D institutions spread over the country by installing a vast supercomputing grid comprising of more than 70 high-performance computing facilities.
- These supercomputers will also be networked on the National Supercomputing grid over the National Knowledge Network (NKN).
- The Mission includes development of highly professional High Performance Computing (HPC) aware human resource for meeting challenges of development of these applications.
Incorrect
Solution: d)
- National Supercomputing Mission, approved in 2016, is being implemented and steered jointly by the Department of Science and Technology (DST) and Department of Electronics and Information Technology (DeitY).
- The Mission envisages empowering national academic and R&D institutions spread over the country by installing a vast supercomputing grid comprising of more than 70 high-performance computing facilities.
- These supercomputers will also be networked on the National Supercomputing grid over the National Knowledge Network (NKN).
- The Mission includes development of highly professional High Performance Computing (HPC) aware human resource for meeting challenges of development of these applications.
-
Question 4 of 5
4. Question
1 pointsConsider the following statements about domestic systemically important bank (D-SIB).
- RBI declares only Public Sector Banks as domestic systemically important bank.
- Banks become systemically important due to their size, cross-jurisdictional activities and interconnection.
- Banks whose assets exceed 2% of GDP are considered part of this group.
Which of the above statements is/are correct?
Correct
Solution: c)
SBI, ICICI and HDFC remain Systemically Important Banks.
D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group. The RBI stated that should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
Incorrect
Solution: c)
SBI, ICICI and HDFC remain Systemically Important Banks.
D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group. The RBI stated that should such a bank fail, there would be significant disruption to the essential services they provide to the banking system and the overall economy.
-
Question 5 of 5
5. Question
1 pointsWhich of the following are the Intangible cultural heritage (ICH) elements from India that have been inscribed on the UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.
- Kutiyattam
- Ramlila
- Kalbelia folk dance
- Mudiyettu
Select the correct code:
Correct
Solution: d)
From India the Intangible Cultural Heritages added into this list include:
- Tradition of Vedic chanting
- Ramlila, the traditional performance of the Ramayana
- Kutiyattam, Sanskrit theatre
- Ramman, religious festival and ritual theatre of the Garhwal Himalayas.
- Mudiyettu, ritual theatre and dance drama of Kerala
- Kalbelia folk songs and dances of Rajasthan
- Chhau dance
- Buddhist chanting of Ladakh: recitation of sacred Buddhist texts in the trans-Himalayan Ladakh region, Jammu and Kashmir.
- Sankirtana, ritual singing, drumming and dancing of Manipur
- Traditional brass and copper craft of utensil making among the Thatheras of Jandiala Guru, Punjab
- Yoga
- Nawrouz
- Kumbh Mela
Incorrect
Solution: d)
From India the Intangible Cultural Heritages added into this list include:
- Tradition of Vedic chanting
- Ramlila, the traditional performance of the Ramayana
- Kutiyattam, Sanskrit theatre
- Ramman, religious festival and ritual theatre of the Garhwal Himalayas.
- Mudiyettu, ritual theatre and dance drama of Kerala
- Kalbelia folk songs and dances of Rajasthan
- Chhau dance
- Buddhist chanting of Ladakh: recitation of sacred Buddhist texts in the trans-Himalayan Ladakh region, Jammu and Kashmir.
- Sankirtana, ritual singing, drumming and dancing of Manipur
- Traditional brass and copper craft of utensil making among the Thatheras of Jandiala Guru, Punjab
- Yoga
- Nawrouz
- Kumbh Mela
