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CURRENT AFFAIRS 2023 > ECONOMY > Flashcards

ECONOMY Flashcards

1
Q

BARGARH 2G BIO REFINERY SITE IS LOCATED IN?

A

ODISHA

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2
Q

WHAT IS UNIQUE ABOUT BARGARH 2G BIO REFINERY?

A

THE PLANT IS THE FIRST OF ITS KIND IN THE WORLD WITH RICE BASED 1G AND 2G BIO ETHANOL PRODUCTION.

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3
Q

HOW MUCH ETHANOL WILL BARGARH 2G BIO REFINERY PRODUCE?

A

100 KILOLITRES PER DAY OF 1G ETHANOL (FROM RICE GRAIN)
100 KILOLITRES PER DAY OF 2G ETHANOL (FROM RICE STRAW)

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4
Q

SCORES IS A GRIEVANCE REDRESSAL SYSTEM OF WHICH BOARD?

A

SEBI

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5
Q

1ST GENERATION BIO FUEL?

A

HIGH CARBON CONTENT.
MADE FROM EDIBLE ITEMS EG SUGAR, CORNSTARCH ETC.

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6
Q

2nd GENERATION BIO FUEL?

A

GHG CONTENT LESS THAN 1st GENERATION.
MADE FROM LEFTOVER OF FOOD CROPS eg RICE HUSK, WOOD CHIPS etc.

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7
Q

3rd GENERATION BIO FUEL?

A

CARBON NEUTRAL CO2 EMITTED=CO2 SEQUESTRATED.
PRODUCED USING MICROORGANISMS eg ALGAE.

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8
Q

4th GENERATION BIO FUEL?

A

MADE FROM GENETICALLY MODIFIED CROPS.
CARBON NEGATIVE.

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9
Q

WHAT IS 6-5-8 SYNDROME?

A

SATISFACTION WITH
6 PER CENT GROWTH
5 PERCENT INFLATION
8 PERCENT UNEMPLOYMENT

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10
Q

SOVEREIGN GOLD BOND SCHEME WAS LAUNCHED BY WHEN AND UNDER?

A

BY GOVERNMENT
IN NOVEMBER 2015
UNDER GOLD MONETIZATION SCHEME.

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11
Q

WHAT ARE SOVEREIGN GOLD BONDS?

A

THEY ARE GOVERNMENT SECURITIES DENOMINATED IN GRAMS OF GOLD.

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12
Q

OBJECTIVE OF SOVEREIGN GOLD BOND SCHEME?

A

1 TO REDUCE BUYING PHYSICAL GOLD.
2 TO MOBILIZE GOLD HELD BY HOUSEHOLDS AND FACILITATE ITS USE FOR PRODUCTIVE PURPOSES IN ORDER TO REDUCE THE COUNTRY’S RELIANCE ON THE IMPORT OF GOLD.

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13
Q

ISSUANCE OF SOVEREIGN GOLD BOND SCHEME IS DONE BY?

A

ISSUED BY RESERVE BANK OF INDIA ON BEHALF OF THE GOVERNMENT OF INDIA.

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14
Q

ISSUANCE FORM OF SOVEREIGN GOLD BONDS?

A

SOVEREIGN GOLD BONDS WILL BE ISSUED AS GOVERNMENT OF INDIA STOCK UNDER GOVERNMENT SECURITIES ACT, 2006. THE INVESTORS WILL BE ISSUED A CERTIFICATE OF HOLDING FOR THE SAME.

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15
Q

CONVERTIBILITY OF SOVEREIGN GOLD BONDS?

A

SGBs WILL BE ELIGIBLE FOR CONVERSION INTO DEMAT FORM.

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16
Q

ELIGIBILITY OF SOVEREIGN GOLD BOND SCHEME?

A

SGBs ARE RESTRICTED FOR SALE TO RESIDENT INDIVIDUALS, HUFs, TRUSTS, UNIVERSITIES AND CHARITABLE INSTITUTIONS.

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17
Q

MATURITY PERIOD OF SOVEREIGN GOLD BOND SCHEME?

A

TENOR IS OF 8 YEARS WITH AN OPTION OF PREMATURE REDEMPTION AFTER 5TH YEAR TO BE EXERCISED ON THE DATE ON WHICH INTEREST IS PAYABLE.

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18
Q

DENOMINATION IN SOVEREIGN GOLD BOND SCHEME?

A

DENOMINATION IN MULTIPLE OF GRAMS OF GOLD WITH A BASIC UNIT OF ONE GRAM.

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19
Q

MINIMUM SIZE IN SOVEREIGN GOLD BOND SCHEME?

A

1 GRAM.

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20
Q

MAXIMUM LIMIT IN SOVEREIGN GOLD BOND SCHEME?

A

4 KG FOR INDIVIDUAL
4 KG FOR HUF
20 KG FOR TRUSTS AND SIMILAR ENTITIES PER FISCAL YEAR (APRIL-MARCH) NOTIFIED BY THE GOVERNMENT FROM TIME TO TIME.

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21
Q

ISSUE PRICE OF SOVEREIGN GOLD BOND SCHEME?

A

WILL BE FIXED IN INDIAN RUPEES ON THE BASIS OF THE SIMPLE AVERAGE OF THE CLOSING PRICE OF GOLD OF 999 PURITY PUBLISHED BY THE INDIAN BULLION AND JEWELERS ASSOCIATION LIMITED (IBJA) FOR LAST 3 WORKING DAYS OF THE WEEK PRECEDING THE SUBSCRIPTION PERIOD.

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22
Q

SALES CHANNEL OF SOVEREIGN GOLD BOND SCHEME?

A
  1. SCHEDULED COMMERCIAL BANKS EXCEPT: SMALL FINANCE BANKS, PAYMENT BANKS AND REGIONAL WON’T BE SELLING THESE BONDS.
  2. STOCK HOLDING CORPORATION OF INDIA LIMITED (SHCIL).
  3. CLEARING CORPORATION OF INDIA LIMITED (CCIL), DESIGNATED POST OFFICES (AS MAY BE NOTIFIED) AND
  4. RECOGNIZED STOCK EXCHANGES- NATIONAL STOCK EXCHANGE OF INDIA LIMITED AND BOMBAY STOCK EXCHANGE LIMITED EITHER DIRECTLY OR THROUGH AGENTS.
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23
Q

INTEREST RATE OF SOVEREIGN GOLD BOND SCHEME?

A

2.50 PERCENT PER ANNUM PAYABLE SEMI ANNUALLY ON THE NOMINAL VALUE.

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24
Q

CAN WE USE SGBs AS COLLATERAL FOR LOANS?

A

YES. THE LOAN TO VALUE (LTV) RATIO WILL BE AS APPLICABLE TO ANY ORDINARY GOLD LOAN, MANDATED BY THE RESERVE BANK FROM TIME TO TIME.

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25
Q

CAN TRADING BE DONE IN SOVEREIGN GOLD BOND?

A

SGBs SHALL BE ELIGIBLE FOR TRADING.

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26
Q

TAX TREATMENT OF SOVEREIGN GOLD BOND SCHEME?

A

INTEREST ON SGBs SHALL BE TAXABLE AS PER THE PROVISION OF THE INCOME TAX ACT, 1961.
CAPITAL GAINS TAX ARISING ON REDEMPTION OF SGB TO AN INDIVIDUAL IS EXEMPTED.
INDEXATION BENEFITS WILL BE PROVIDED TO LONG TERM CAPITAL GAINS ARISING TO ANY PERSON ON TRANSFER OF THE SGB.

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27
Q

WHAT IS OPEN MARKET SALE SCHEME?

A

UNDER OMSS FOOD CORPORATION OF INDIA SELLS SURPLUS STOCKS OF WHEAT AND RICE AT PREDETERMINED PRICES THROUGH E- AUCTION IN THE OPEN MARKET FROM TIME TO TIME.

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28
Q

AIM OF OPEN MARKET SALE SCHEME?

A

TO ENHANCE THE SUPPLY OF FOOD GRAINS, ESPECIALLY WHEAT DURING THE LEAN SEASON AND THEREBY MODERATE THE OPEN MARKET PRICES ESPECIALLY IN THE DEFICIT REGIONS.

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29
Q

FCI CONDUCTS A________ AUCTION TO CONDUCT OPEN MARKET SALE SCHEME IN THE OPEN MARKET USING THE PLATFORM OF_________?

A

WEEKLY AUCTION
COMMODITY EXCHANGE NCDEX- NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED.

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30
Q

WHO IS ALLOWED TO PARTICIPATE IN THE E- AUCTION OF OPEN MARKET SALE SCHEME?

A

STATE GOVERNMENTS/UNION TERRITORY ADMINISTRATORS ARE ALSO ALLOWED TO PARTICIPATE IN THE E- AUCTION IF THEY REQUIRE WHEAT AND RICE OUTSIDE THE TARGET PUBLIC DISTRIBUTION SCHEME AND ANY OTHER WELFARE SCHEMES.

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31
Q

HOW IS THE PRICE FIXED IN OPEN MARKET SALE SCHEME?

A

RESERVE PRICE IS FIXED BY THE GOVERNMENT AND THE BIDDERS CANNOT QUOTE LESS THAN THE RESERVE PRICE IN THE TENDERS FLOATED BY THE FCI.

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32
Q

HOW WHEAT AND RICE ARE OFFERED IN OPEN MARKET SALE SCHEME?

A

WHEAT AND RICE ARE BEING OFFERED FROM DEPOTS OF THE FCI ACROSS THE COUNTRY THROUGH THE E- AUCTION.

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33
Q

PRESENT FORM OF OPEN MARKET SALE SCHEME COMPRISES 3 SCHEMES AS UNDER?

A

1 SALE OF WHEAT TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E-AUCTION.
2 SALE OF WHEAT TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E- AUCTION BY DEDICATED MOVEMENT.
3 SALE OF RAW RICE GRADE A TO BULK CONSUMERS/ PRIVATE TRADERS THROUGH E- AUCTION.

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34
Q

WHAT IS GREEDFLATION?

A

MEANS (CORPORATE) GREED IS FUELING INFLATION.
INSTEAD OF WAGE PRICE SPIRAL, A PROFIT PRICE SPIRAL IS IN PLAY.

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35
Q

PURCHASING MANAGER’S INDEX IS COMPILED BY?

A

INFORMATION HANDLING SERVICES (IHS) MARKIT UNDER S&P GLOBAL.

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36
Q

WHAT IS PURCHASING MANAGERS INDEX?

A

IT IS A SURVEY BASED MEASURE CONSISTING OF MONTHLY REPORTS AND SURVEYS FROM PRIVATE SECTOR MANUFACTURING FIRMS.

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37
Q

WHY IS PURCHASING MANUFACTURING INDEX CONSIDERED GOOD LEADING INDICATOR OF ECONOMIC ACTIVITY?

A

BECAUSE IT IS GENERALLY RELEASED AT THE START OF EVERY MONTH.
IT IS CALCULATED SEPARATELY FOR THE MANUFACTURING AND SERVICE SECTORS.

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38
Q

WHAT ARE GOOMTIES? WHY IN NEWS?

A

A GOOMTY IS A SMALL CABIN AT LEVEL CROSSINGS OR NEAR STATIONS WHERE RAILWAY EQUIPMENT IS KEPT.
INDIAN RAILWAYS ISSUED A CIRCULAR TO ALL ZONES TO LAUNCH A MONTH LONG SAFETY DRIVE TO ENSURE THAT THE GOOMTIES LOCATED WITHIN THE RAILWAY STATION LIMITS ARE PROVIDED WITH DOUBLE LOCKS. (ODISHA TRIPLE TRAIN ACCIDENT- SUSPECTED REASON SHOWED SIGNALING INTERFERENCE.

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39
Q

INDUSTRIAL PARK RATING SYSTEM IS LAUNCHED BY?

A

DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE.

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40
Q

AIM OF INDUSTRIAL PARK RATING SYSTEM?

A

TO RATE INDUSTRIAL PARKS ACROSS FOUR PILLARS:
● INTERNAL INFRASTRUCTURE AND UTILITIES
● EXTERNAL INFRASTRUCTURE AND FACILITIES
● BUSINESS SUPPORT SERVICES
● ENVIRONMENTAL AND SAFETY MANAGEMENT.

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41
Q

INDUSTRIAL PARK RATING SYSTEM IS AN EXTENSION OF________?

A

INDIAN INDUSTRIAL LAND BANK (IILB) PLATFORM.

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42
Q

e-SARAS MOBILE APP IS CONCEPTUALIZED BY?

A

DEENDAYAL ANTYODAYA YOJANA-NATIONAL RURAL LIVELIHOOD MISSION (DAY-NRLM), MINISTRY OF RURAL DEVELOPMENT.

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43
Q

PURPOSE OF e-SARAS APP?

A

● TO PROVIDE A PLATFORM FOR MARKETING OF PRODUCTS MADE BY WOMEN OF SELF HELP GROUPS.
● TO PROMOTE SPIRIT OF VOCAL FOR LOCAL.

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44
Q

e-SARAS FULFILLMENT CENTRE ARE MANAGED BY?

A

THE FOUNDATION FOR DEVELOPMENT OF RURAL VALUE CHAINS (FDRVC).

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45
Q

PURPOSE OF E-SARAS FULFILLMENT CENTRES?

A

● PROCESSING, PACKAGING AND SHIPPING OF PRODUCTS.
● HANDLING LOGISTICS REQUIRED.

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46
Q

NATIONAL RURAL LIVELIHOOD MISSION IS A RESTRUCTURED VERSION OF_______________?

A

SWARANAJAYANTI GRAM SWAROJGAR YOJANA (SGSY).

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47
Q

HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY IS CONDUCTED BY?

A

NATIONAL STATISTICAL OFFICE (NSO).

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48
Q

WHAT DOES HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY INTENDS TO?

A

IT IS INTENDED TO COLLECT INFORMATION ON THE CONSUMER SPENDING PATTERNS OF HOUSEHOLDS ACROSS THE COUNTRY, BOTH URBAN AND RURAL.

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49
Q

FREQUENCY OF HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY?

A

QUINQUENNIAL (EVERY 5 YEARS).

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50
Q

UTILITY OF HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY?

A

● MEASUREMENT OF POVERTY.
● ESTIMATION OF HOUSEHOLD MONTHLY PER CAPITA CONSUMER EXPENDITURE.
● WILL BE USED FOR REBASING THE GDP AND OTHER MACROECONOMIC INDICATORS SUCH AS RETAIL INFLATION BASED ON CPI.

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51
Q

WHAT IS SWAMIH INVESTMENT FUND?

A

THE SPECIAL WINDOW FOR AFFORDABLE AND MID-INCOME HOUSING (SWAMIH) INVESTMENT FUND IS A SOCIAL IMPACT FUND SPECIFICALLY FORMED FOR COMPLETING STRESSED AND STALLED RESIDENTIAL PROJECTS.

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52
Q

SWAMIH INVESTMENT FUND WAS LAUNCHED IN?

A

2019.

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53
Q

SWAMI INVESTMENT FUND IS SPONSORED BY?

A

MINISTRY OF FINANCE.

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54
Q

SWAMIH INVESTMENT FUND IS MANAGED BY?

A

SBICAP VENTURES LTD, A STATE BANK GROUP COMPANY.

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55
Q

WHAT IS THE NATURE OF FUNDING IN SWAMIH INVESTMENT FUND?

A

THIS FUNDING SHALL BE USED ONLY FOR COMPLETION OF THE STALLED PROJECT AND FOR PURPOSES AS APPROVED.

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56
Q

CRITERIA TO BE ELIGIBLE FOR FUNDING UNDER SWAMIH INVESTMENT FUNDING?

A

○ PROJECT STALLED OR LIKELY TO BE STALLED IF NO FUNDING IS MADE AVAILABLE.
○ AT LEAST 90% OF THE AVAILABLE FLOOR SPACE INDEX (FSI)/FLOOR AREA RATIO (FAR) IS BEING DEVELOPED AS AFFORDABLE HOUSING UNITS OR MID-INCOME HOUSING UNITS.
○ PROJECT HAS COMPLETED AT LEAST 30% OF THE CONSTRUCTION AND DEVELOPMENT.
○ PROJECT REQUIRES LAST MILE FUNDING – SUFFICIENT TO COMPLETE CONSTRUCTION.
○ PROJECT WHICH IS A PART OF A RERA REGISTERED PROJECT.

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57
Q

WHAT IS FL 2027?

A

IT IS A CHIPPING POTATO VARIETY.

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58
Q

WHY IS FL 2027 IS HIGHLY SUITABLE FOR THE MANUFACTURE OF CHIPS?

A

○ LOW EXTERNAL DEFECTS
○ HIGH DRY MATTER/HIGH SOLID CONTENT AND
○ STABLE SUGARS.

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59
Q

WHAT IS PPV&FR ACT?

A

● THE PROTECTION OF PLANT VARIETIES AND FARMERS RIGHT’s AUTHORITY (PPVFRA) THAT PROVIDES AN EFFECTIVE FRAMEWORK TO CONSERVE AND ENCOURAGE THE DEVELOPMENT OF VARIOUS PLANT VARIETIES.

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60
Q

WHAT IS THE MAXIMUM VALIDITY PERIOD UNDER PPV&FR ACT DURING WHICH NOBODY ELSE COULD COMMERCIALLY PRODUCE, SELL, MARKET, DISTRIBUTE, IMPORT OR EXPORT IT WITHOUT THE BREEDERS AUTHORISATION- WAS _____ YEARS FROM THE DATE OF REGISTRATION AND EXTENDABLE UP TO ?

A

6 YEARS AND EXTENDABLE UP TO 15 YEARS.

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61
Q

WHAT IS WPI?

A

WHOLESALE PRICE INDEX IS AN INDICATOR THAT DETERMINES THE AVERAGE CHANGE IN THE PRICE OF GOODS THAT ARE SOLD IN BULK IN A WHOLESALE MARKET.

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62
Q

USE OF WHOLESALE PRICE INDEX?

A

USEFUL IN CALCULATING THE CHANGE IN COMMODITY PRICES AT DIFFERENT STAGES BEFORE IT REACHES THE RETAILER.

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63
Q

IS WHOLESALE PRICE INDEX CALCULATED FOR GOODS AND SERVICES?

A

NO IT IS CALCULATED ONLY FOR GOODS.

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64
Q

WPI DATA IS PUBLISHED BY?

A

OFFICE OF ECONOMIC ADVISOR, DEPARTMENT OF PROMOTION OF INDUSTRY AND INTERNAL TRADE (DPIIT), UNDER THE MINISTRY OF COMMERCE AND INDUSTRY.

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65
Q

BASE YEAR FOR WPI?

A

2011-12.

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66
Q

ITEMS INCLUDED IN WHOLESALE PRICE INDEX?

A

697 ITEMS DIVIDED INTO THREE CATEGORIES.
○ PRIMARY ARTICLES: 22.62%
○ FUEL AND POWER: 13.15%
○ MANUFACTURED GOODS: 64.23%.

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67
Q

AIM OF MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?

A

TO DEVELOP END TO END ORGANIC VALUE CHAINS IN NORTH EASTERN STATES.

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68
Q

NODAL MINISTRY FOR MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?

A

MINISTRY OF AGRICULTURE AND FARMERS WELFARE.

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69
Q

MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER) IS A CENTRAL___________ SCHEME AND IS A SUB MISSION UNDER____________?

A

CENTRAL SECTOR SCHEME.
SUB MISSION UNDER NATIONAL MISSION FOR SUSTAINABLE AGRICULTURE (NMSA).

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70
Q

BENEFICIARY STATES UNDER MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER)?

A

ARUNACHAL PRADESH, ASSAM, MANIPUR, MEGHALAYA, MIZORAM, NAGALAND, SIKKIM AND TRIPURA.

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71
Q

IMPLEMENTATION OF MISSION ORGANIC VALUE CHAIN DEVELOPMENT FOR NORTH EASTERN REGION (MOVCDNER) AT CENTRAL AND STATE LEVEL?

A

NATIONAL LEVEL- THE MISSION STRUCTURE AT GOVERNMENT OF INDIA LEVEL WILL COMPRISE OF NATIONAL ADVISORY COMMITTEE (NAC), ECSTATIC COMMITTEE (EC), MISSION MONITORING COMMITTEE (MMC).
STATE LEVEL: IT WILL BE IMPLEMENTED BY THE STATE LEVEL EXECUTIVE COMMITTEE (SLEC) AND EXECUTED THROUGH A DESIGNATED STATE LEAD AGENCY IN THE FORM OF STATE ORGANIC COMMODITY BOARD OR ORGANIC MISSION.

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72
Q

DO CUCUMBER MOSAIC VIRUS (CMV) AND TOMATO MOSAIC VIRUS (ToMV) BELONG TO SAME FAMILY OR SPREAD SIMILARLY?

A

HAVE SIMILAR NAMES AND CAUSE SIMILAR DAMAGE TO CROPS, BUT THEY BELONG TO DIFFERENT VIRAL FAMILIES AND SPREAD DIFFERENTLY.

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73
Q

WHAT PERCENTAGE OF CROP LOSS DOES TOMATO MOSAIC VIRUS AND CUCUMBER MOSAIC VIRUS CAUSE?

A

ALMOST 100% CROP LOSS UNLESS PROPERLY TREATED ON TIME.

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74
Q

TOMATO MOSAIC VIRUS HOSTS INCLUDE?

A

○ TOMATO
○ TOBACCO
○ PEPPERS
○ ORNAMENTAL PLANTS.

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75
Q

CUCUMBER MOSAIC VIRUS HOST POOL?

A

○ CUCUMBER
○ MELON
○ EGGPLANT
○ TOMATO
○ CARROT
○ LETTUCE
○ CUCURBITS (MEMBERS OF GOURD FAMILY)
○ SOME ORNAMENTALS.

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76
Q

TRANSMISSION OF TOMATO MOSAIC VIRUS?

A

SPREAD MAINLY THROUGH INFECTED SEEDS, SAPLINGS, AGRICULTURAL TOOLS AND OFTEN, THROUGH THE HANDS OF NURSERY WORKERS WHO HAVE FAILED TO SANITIZE THEMSELVES PROPERLY BEFORE ENTERING THE FIELDS.

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77
Q

TRANSMISSION OF CUCUMBER MOSSAIC VIRUS?

A

SPREAD BY APHIDS, WHICH ARE STICKING INSECTS.
CONDITION OF HIGH TEMPERATURE FOLLOWED BY INTERMITTENT RAIN- ALLOW APHIDS TO MULTIPLY.
CMV TOO CAN SPREAD THROUGH HUMAN TOUCH BUT CHANCES OF THAT ARE EXTREMELY LOW.

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78
Q

WHAT ARE THE WAYS TO CONTROL CUCUMBER MOSAIC VIRUS AND TOMATO MOSAIC VIRUS?

A

○ FOLLOW BIOSAFETY STANDARDS IN NURSERIES, AND COMPULSORY SEED TREATMENT.
○ CHECKING OF THE TRAYS OF SAPLINGS BEFORE PLANTING, AND DISCHARGING ANY VISIBLE INFECTED MATERIAL.
○ CLEARING THE FIELDS OF WEEDS AND PLANT MATERIAL BEFORE FRESH PLANTING.
○ SPRAYING QUICK ACTING INSECTICIDE OR MINERAL OILS ON THE PLANTS TO KILL THE APHIDS.

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79
Q

WHAT IS DEEP SEA MINING?

A

DEEP SEA MINING IS AN EMERGING INDUSTRY THAT AIMS TO EXTRACT MINERALS FROM THE OCEANS SURFACE, INCLUDING MANGANESE NODULES, SEAFLOOR MASSIVE SULPHIDES AND COBALT CRUSTS.

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80
Q

TYPES OF DEEP SEA MINING?

A

○ TAKING DEPOSIT RICH POLYMETALLIC NODULES OFF THE OCEAN FLOOR.
○ MINING MASSIVE SEAFLOOR SULPHIDE DEPOSITS.
○ STRIPPING COBALT CRUSTS FROM ROCK.

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81
Q

REGULATION OF DEEP SEA MINING?

A

○ INTERNATIONAL SEABED AUTHORITY (ISA) IS CURRENTLY ACCEPTING MINING PERMIT APPLICATION FROM COMPANIES AND COUNTRIES.
○ STATES SHOULD APPLY TO ISA REGARDLESS OF WHETHER OR NOT THEY HAVE SIGNED OR RATIFIED THE UNITED NATIONS CONVENTION ON THE LAWS OF THE SEAS.
○ COUNTRIES MANAGE THEIR OWN MARITIME TERRITORY AND EXCLUSIVE ECONOMIC ZONES, WHILE THE HIGH SEAS AND THE INTERNATIONAL OCEAN FLOOR ARE GOVERNED BY THE UNITED NATIONS CONVENTION ON THE LAWS OF THE SEAS (UNCLOS).

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82
Q

UNITED NATIONS CONVENTION ON THE LAWS OF THE SEA WAS ADOPTED IN?

A

1982.

83
Q

INTERNATIONAL SEABED AUTHORITY (ISA) WAS ESTABLISHED IN?

A
  • 1994, IT CAME INTO EXISTENCE UPON THE ENTRY INTO FORCE OF THE 1982 UNITED NATIONS CONVENTION ON THE LAW OF THE SEA.
84
Q

HEADQUARTERS OF INTERNATIONAL SEABED AUTHORITY (ISA) ARE LOCATED IN?

A

KINGSTON, JAMAICA.

85
Q

FUNCTION OF INTERNATIONAL SEABED AUTHORITY (ISA)?

A

○ TO REGULATE MINING AND RELATED ACTIVITIES IN THE INTERNATIONAL SEABED BEYOND NATIONAL JURISDICTION, AN AREA THAT INCLUDES MOST OF THE WORLD’S OCEAN.
○ TO ENSURE THE MARINE ENVIRONMENT IS PROTECTED FROM ANY HARMFUL EFFECTS WHICH MAY ARISE FROM MINING ACTIVITIES.

86
Q

WHAT IS FREE TRADE AGREEMENT?

A

TWO COUNTRIES MAY AGREE TO ENTER INTO A PARTNERSHIP WHEREBY THEY CAN FREELY TRADE WITH EACH OTHER. FOR EXAMPLE, A FREE TRADE AGREEMENT IN INDIA WITH SRI LANKA AND STRATEGIC CONGLOMERATES LIKE ASEAN ENSURES ZERO TRADE BARRIERS.

87
Q

WHAT IS PREFERENTIAL TRADE AGREEMENT?

A

WHEN TWO OR MORE PARTNERS ALLOW PREFERENTIAL ENTRY OF CERTAIN PRODUCTS, IT IS A PREFERENTIAL TRADE AGREEMENT. IN SUCH AGREEMENTS, THE PARTNERS GENERALLY LIFT ANY DUTIES ON SUCH PRODUCTS. IT IS CRUCIAL TO NOTE THAT ALL INTERESTED PARTIES MUST AGREE TO PREFERENTIAL ACCESS. FOR EXAMPLE, INDIA MAINTAINS A PREFERENTIAL TRADE AGREEMENT WITH AFGHANISTAN.

88
Q

WHAT IS COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT?

A

IT DEALS WITH THE REGULATORY ASPECTS OF TRADE AND HAVE MANY INCLUSIONS CONCERNING TRADE NEGOTIATIONS. IT ALSO INCLUDES TRADE NEGOTIATIONS ON INVESTMENT, SERVICE PROVISIONING, AND OTHER AREAS OF POTENTIAL ECONOMIC PARTNERSHIP. INDIA MAINTAINS CEPA WITH JAPAN AND SOUTH KOREA.

89
Q

WHAT IS FRAMEWORK AGREEMENT?

A

THIS FORM OF AGREEMENT LAYS THE FRAMEWORK AND SCOPE OF POTENTIAL AGREEMENTS BETWEEN PARTNER NATIONS. THIS PROVIDES SCOPE FOR FUTURE LIBERALIZATION. INDIA FOLLOWS SIGNED FRAMEWORK AGREEMENTS WITH JAPAN AND THE ASEAN COUNTRIES.

90
Q

G20 WAS FOUNDED IN WHICH YEAR?

A

FOUNDED IN 1999.

91
Q

WHAT IS SEBI COMPLAINTS REDRESSAL SYSTEM (SCORES) PLATFORM?

A

IT IS A WEB BASED CENTRALIZED GRIEVANCE REDRESSAL SYSTEM OF SEBI THAT WAS LAUNCHED IN JUNE 2011.

92
Q

WHAT DOES SCORES PLATFORM DO?

A

SCORES ENABLES INVESTORS TO LODGE AND FOLLOW UP THEIR COMPLAINTS AND TRACK THE STATUS OF REDRESSAL OF SUCH COMPLAINTS ONLINE FROM THE ABOVE WEBSITE FROM ANYWHERE.
IT DOESN’T DEAL WITH COMPLAINTS AGAINST COMPANIES INCLUDING UNLISTED/DELISTED
COMPANIES, SICK COMPANIES OR A COMPANY WHERE A MORATORIUM ORDER IS PASSED, OR WHERE THE COMPANY IS STRUCK OFF BY THE REGISTRAR OF COMPANIES (RoC).

93
Q

WHEN WAS SEBI ESTABLISHED AND WHAT KIND OF BODY IT IS?

A

ESTABLISHED IN APRIL 1988 AS AN EXECUTIVE BODY AND WAS GIVEN STATUTORY POWERS IN JANUARY 1992 THROUGH THE SEBI ACT, 1992.

94
Q

SEBI HEADQUARTERS ARE LOCATED IN?

A

MUMBAI.

95
Q

GOODS AND SERVICES TAX NETWORK SHAREHOLDING PATTERN?

A

IT IS A NON PROFIT COMPANY REGISTERED UNDER SECTION 8 OF THE COMPANIES ACT, 2013.
○ 51% HELD BY PRIVATE PLAYERS.
○ CENTRE AND STATE GOVERNMENTS TOGETHER HOLDS 49% EQUITY IN GSTN.

96
Q

WHAT IS PBW RS1?

A

IT IS A NEW WHEAT VARIETY.
RS MEANS RESISTANT STARCH.

97
Q

WHAT IS UNIQUE ABOUT PBW RS1?

A

○ THE HIGH AMYLOSE AND RESISTANT STARCH ENSURE THAT GLUCOSE IS RELEASED SLOWLY INTO THE BLOODSTREAM, PREVENTING AN IMMEDIATE RISE IN GLUCOSE LEVELS.
○ IT HAS TOTAL STARCH CONTENT SIMILAR TO OTHER WHEAT VARIETIES BUT CONTAIN 30.3% RESISTANT STARCH, COMPARED TO ONLY 7.5-10% IN OTHER VARIETIES.

98
Q

CONCERNS ABOUT PBW RS1?

A

IT HAS LOWER PRODUCTIVITY COMPARED TO OTHER WHEAT VARIETIES, WITH AN AVERAGE GRAIN YIELD OF 43.18 QUINTALS PER HECTARE, BELOW THE AVERAGE YIELD IN PUNJAB.

99
Q

PBW RS1 IS DEVELOPED BY?

A

PUNJAB AGRICULTURAL UNIVERSITY FOR NUTRITIONAL SECURITY.

100
Q

BENEFITS OF PBW RS1?

A

○ REDUCE THE RISK OF TYPE-2 DM.
○ CARDIOVASCULAR DISEASES.
○ TASTES AND FEEL LIKE NORMAL WHEAT, MAKING IT A VIABLE ALTERNATIVE.
○ COMPLETELY RESISTANT TO YELLOW RUST AND MODERATELY RESISTANT TO BROWN RUST FUNGAL DISEASE.

101
Q

EXPORT PREPAREDNESS INDEX IS RELEASED BY?

A

NITI AAYOG.

102
Q

PILLARS OF EVALUATION OF EXPORT PREPAREDNESS INDEX?

A

1 POLICY PILLAR
2 BUSINESS ECOSYSTEM
3 EXPORT ECOSYSTEM
4 EXPORT PERFORMANCE

103
Q

ESTABLISHMENT OF PRICE STABILIZATION FUND?

A

IT WAS CREATED DURING THE 2014-15 PERIOD UNDER THE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE (DAC&FW).
IT WAS TRANSFERRED FROM DAC&FW TO THE DEPARTMENT OF CONSUMER AFFAIRS (DOCA) ON 1ST APRIL 2016.

104
Q

PURPOSE OF PRICE STABILIZATION FUND?

A

TO REGULATE THE PRICE VOLATILITY OF IMPORTANT AGRI-HORTICULTURAL COMMODITIES LIKE ONIONS, POTATOES AND PULSES.

105
Q

MARKET INTERVENTION SCHEME IS IMPLEMENTED BY?

A

DEPARTMENT OF AGRICULTURAL AND FARMERS WELFARE.

106
Q

PURPOSE OF MARKET INTERVENTION SCHEME?

A

TO PROTECT FARMERS FROM DISTRESS SALE DURING BUMPER CROP PERIODS WHEN PRICES FALL BELOW ECONOMIC LEVELS.

107
Q

UNDER MARKET INTERVENTION SCHEME WHAT IS THE PERCENTAGE OF LOSS ON ACCOUNT OF THE FALL IN PRICE BORNE BY THE CENTRAL AND STATE GOVERNMENTS?

A

LOSS ON ACCOUNTS OF THE FALL IN PRICE IS BORNE BETWEEN THE CENTRAL GOVERNMENT AND STATE GOVERNMENT ON A 50:50 BASIS.

108
Q

OPERATION GREENS IS IMPLEMENTED BY?

A

MINISTRY OF FOOD PROCESSING INDUSTRIES.

109
Q

AIM OF OPERATION GREENS?

A

TO ENHANCE VALUE ADDITION AND REDUCE POST-HARVEST LOSSES OF AGRI-HORTICULTURAL COMMODITIES, INCLUDING TOMATOES.

110
Q

WHAT ARE COUNTERVAILING DUTIES?

A

THESE ARE TARIFFS LEVIED ON IMPORTED GOODS TO OFFSET SUBSIDIES MADE TO PRODUCERS OF THESE GOODS IN THE EXPORTING COUNTRY.

111
Q

WHAT ARE THE PROVISIONS REGARDING COUNTERVAILING DUTIES IN WORLD TRADE ORGANIZATION?

A

WORLD TRADE ORGANIZATION PERMITS THE IMPOSITION OF COUNTERVAILING DUTY BY ITS MEMBER COUNTRIES.

112
Q

COUNTERVAILING MEASURES IN INDIA ARE ADMINISTERED BY?

A

THE DIRECTORATE GENERAL OF TRADE REMEDIES (DGTR), IN THE DEPARTMENT OF COMMERCE, MINISTRY OF COMMERCE AND INDUSTRY.

113
Q

WHAT IS THE DIFFERENCE BETWEEN ANTI-DUMPING DUTY AND COUNTERVAILING DUTY (CVD)?

A

ANTI-DUMPING DUTIES ARE LEVIED ON GOODS THAT ARE IMPORTED AT A SUBSTANTIALLY LOW PRICE WHEREAS COUNTERVAILING DUTIES ARE LEVIED ON SUBSIDIZED PRODUCTS IN THE ORIGINATING OR EXPORTING COUNTRY.

114
Q

IMPOSITION OF ANTI-DUMPING DUTIES?

A

THE DEPARTMENT OF COMMERCE SUGGESTS ANTI-DUMPING DUTIES.
HOWEVER, IT IS THE DEPARTMENT OF REVENUE IN THE FINANCE MINISTRY THAT ACTS ON THE SUGGESTION WITHIN THREE MONTHS AND PUTS THE DUTIES IN PLACE.

115
Q

DIRECTORATE GENERAL OF TRADE REMEDIES DEPARTMENT AND MINISTRY?

A

DEPARTMENT OF COMMERCE, MINISTRY OF COMMERCE AND INDUSTRY.

116
Q

WHAT TYPE OF BODY IS DIRECTORATE GENERAL OF TRADE REMEDIES?

A

IT IS A QUASI- JUDICIAL BODY THAT INDEPENDENTLY UNDERTAKES INVESTIGATIONS BEFORE MAKING ITS RECOMMENDATIONS TO THE CENTRAL GOVERNMENT.
IT IS A SINGLE NATIONAL AUTHORITY FOR ADMINISTERING ALL TRADE REMEDIAL MEASURES INCLUDING ANTI-DUMPING, COUNTERVAILING DUTIES AND SAFEGUARD MEASURES.

117
Q

WHAT IS SAFEGUARD DUTY?

A

IT REFERS TO THE STEPS TAKEN BY THE GOVERNMENT OF A NATION TO SHIELD ITS DOMESTIC INDUSTRIES FROM UNFAIR COMPETITION BROUGHT IN BY A SURGE IN IMPORTS.

118
Q

WHAT IS SUNSET CLAUSE IN SAFEGUARD DUTY?

A

SAFEGUARD DUTIES MUST TYPICALLY CONTAIN SUNSET CLAUSES, AND ARE USUALLY IMPOSED BY AN IMPORTING COUNTRY AGAINST ALL OTHER NATIONS (AS OPPOSED TO ONE SPECIFIC MEMBER COUNTRY).

119
Q

WHAT ARE WHITE LABEL ATM’S?

A

THEY ARE THE MACHINES ESTABLISHED, OWNED AND OPERATED BY NON BANK ENTITIES.

120
Q

WHO CAN OPERATE WHITE LABEL ATM’S?

A

NON- BANK ENTITIES INCORPORATED IN INDIA UNDER THE COMPANIES ACT 1956 ARE ALLOWED TO OPERATE WLAs.

121
Q

WHAT ARE BROWN LABEL ATM’S?

A

○ OWNERSHIP OF BANK
○ OPERATIONS OUTSOURCED

122
Q

WHAT IS T+1 TRADE SETTLEMENT?

A

T+1 IN INDIA MEANS TRADE RELATED SETTLEMENTS HAPPEN WITHIN A DAY, OR WITHIN 24 HOURS OF THE ACTUAL TRANSACTION.
UNDER THIS IF AN INVESTOR SELLS SECURITIES, THE MONEY GETS CREDITED INTO HER ACCOUNT THE FOLLOWING DAY.

123
Q

STATUS OF INDIA REGARDING T+1 TRADE SETTLEMENT?

A

INDIA BECAME THE SECOND COUNTRY TO START THE T+1 SETTLEMENT CYCLE IN TOP LISTED SECURITIES AFTER CHINA.

124
Q

T+0 TRADE SETTLEMENT?

A

IF INVESTORS SELL SHARES, THEY WILL GET THE MONEY IN THEIR ACCOUNT INSTANTANEOUSLY, AND THE BUYERS WILL GET THE SHARES IN THEIR DEMAT ACCOUNTS THE SAME DAY.

125
Q

IMF KEY PUBLICATIONS?

A

○ WORLD ECONOMIC OUTLOOK (WEO)
○ GLOBAL FINANCIAL STABILITY REPORT (GFSR)

126
Q

CAPITAL NEEDS FOR ASSET RECONSTRUCTION COMPANIES?

A

○ MINIMUM NET OWNED FUNDS: AS PER THE 2016 AMENDMENT TO THE SARFAESI ACT, ARCs SHOULD HAVE A MINIMUM NET OWNED FUND OF RS 2 CRORES.
○ IN 2017, THE RBI RAISED THE MINIMUM AMOUNT FOR ARCs TO RS 100 CRORES.
○ CAPITAL ADEQUACY RATIO (CAR): ARCs ARE REQUIRED TO MAINTAIN A CAR OF 15% OF THEIR RISK WEIGHTED ASSETS.

127
Q

NATIONAL FOOD SECURITY ACT (NFSA): SCOPE OF BENEFICIARIES?

A

NFSA AIMS TO COVER UP TO 75% OF THE RURAL POPULATION AND UP TO 50% OF THE URBAN POPULATION.

128
Q

ENTITLEMENT UNDER NATIONAL FOOD SECURITY ACT (NFSA)?

A

ELIGIBLE HOUSEHOLDS RECIEVE 5 KILOGRAMS OF FOODGRAINS PER PERSON PER MONTH AT SUBSIDIZED PRICES SPECIFIED IN THE SCHEDULE.

129
Q

FREE FOODGRAINS UNDER NATIONAL FOOD SECURITY ACT (NFSA)?

A

○ RICE- RS 3/KG
○ WHEAT- RS 2/KG
○ NUTRI-CEREALS- RS 1/KG

130
Q

WOMEN EMPOWERMENT UNDER NATIONAL FOOD SECURITY ACT (NFSA)?

A

ELDEST WOMEN OF THE HOUSEHOLD OF AGE 18 YEARS OR ABOVE TO BE DEEMED AS HEAD OF THE HOUSEHOLD FOR THE PURPOSE OF ISSUING RATION CARDS.

131
Q

MATERNITY BENEFIT UNDER NATIONAL FOOD SECURITY ACT (NFSA)?

A

PREGNANT WOMEN AND LACTATING MOTHERS (PWLM) ARE ENTITLED TO RECIEVE MATERNITY BENEFITS OF NOT LESS THAN 6000 RUPEES.

132
Q

WHAT IS DELISTING?

A

IT MEANS REMOVING A LISTED COMPANY’S SECURITIES FROM A STOCK EXCHANGE.
IT CAN BE VOLUNTARY (BY THE COMPANY) OR COMPULSORY (BY THE EXCHANGE AS A PENALTY).
FOR VOLUNTARY DELETING, THE COMPANY MUST BUY BACK 90% OF THE ISSUED SHARES.

133
Q

INDEX OF INDUSTRIAL PRODUCTION IS PUBLISHED BY?

A

IT IS PUBLISHED MONTHLY BY THE NATIONAL STATISTICAL OFFICE (NSO), MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION.

134
Q

INDEX OF INDUSTRIAL PRODUCTION BASE YEAR?

A

2011-12.

135
Q

WORLD BANK COMPRISES OF TWO INSTITUTIONS?

A

1 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD).
2 INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA).

136
Q

INDIA IS A PART OF WHICH AGENCIES IN WORLD BANK GROUP?

A

IT IS A PART OF
○ INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD).
○ INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA).
○ INTERNATIONAL FINANCE CORPORATION (IFC).
○ MULTILATERAL INVESTMENT GUARANTEE AGENCY.
INDIA IS NOT A PART OF ICSID - INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES.

137
Q

WHO MONITORS THE MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GUARANTEE ACT?

A

MINISTRY OF RURAL DEVELOPMENT IN ASSOCIATION WITH STATE GOVERNMENTS.

138
Q

WHAT IS NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT (NaBFID)?

A

○ IT IS A CORPORATE BODY WITH AUTHORISED SHARE CAPITAL OF ONE LAKH CRORE RUPEES.
○ THE CENTRAL GOVERNMENT WILL OWN 100% SHARES OF THE INSTITUTION WHICH MAY SUBSEQUENTLY BE REDUCED UP TO 26%.

139
Q

SOURCE OF FUNDS OF NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT (NaBFID)?

A

NaBFID MAY RAISE MONEY IN THE FORM OF LOANS OR OTHERWISE BOTH IN INDIAN RUPEES AND FOREIGN CURRENCIES, OR SECURE MONEY BY THE ISSUE AND SALE OF VARIOUS FINANCIAL INSTRUMENTS INCLUDING BONDS AND DEBENTURES.

140
Q

INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY (IEPFA) WAS ESTABLISHED BY WHICH MINISTRY?

A

MINISTRY OF CORPORATE AFFAIRS.

141
Q

URBAN INFRASTRUCTURE DEVELOPMENT FUND (UIDF) IS MANAGED BY?

A

NATIONAL HOUSING BANK.

142
Q

WHAT IS T+0 SETTLEMENT CYCLE?

A

UNDER THIS, IF INVESTORS SELL SHARES, THEY WILL GET THE MONEY IN THEIR ACCOUNT INSTANTANEOUSLY, AND THE BUYERS WILL GET THE SHARES IN THEIR SENSE ACCOUNTS THE SAME DAY.

143
Q

WHAT IS T+1 SETTLEMENT CYCLE?

A

TRADE RELATED SETTLEMENTS HAPPEN WITHIN A DAY, OR WITHIN 24 HOURS OF THE ACTUAL TRANSACTION.

144
Q

TENURE OF SOVEREIGN GOLD BOND SCHEME?

A

TENURE OF THE BOND WILL BE FOR A PERIOD OF 8 YEARS WITH AN EXIT OPTION AVAILABLE IN THE 5TH, 6TH AND THE 7TH YEAR IN THE DATES OF INTEREST PAYMENT.

145
Q

DRUGS CONTROLLER GENERAL OF INDIA COMES UNDER WHICH MINISTRY?

A

MINISTRY OF HEALTH AND FAMILY WELFARE.

146
Q

NODAL AUTHORITY FOR ADMINISTERING ANTI DUMPING, COUNTERVAILING DUTIES AND SAFEGUARD MEASURES TO CHECK UNFAIR TRADE PRACTICES?

A

DIRECTORATE GENERAL OF TRADE REMEDIES UNDER THE MINISTRY OF COMMERCE AND INDUSTRY.

147
Q

ANTI DUMPING DUTY IS RECOMMENDED AND IMPOSED BY?

A

RECOMMENDED BY DIRECTORATE GENERAL OF TRADE REMEDIES.
IMPOSED BY MINISTRY OF FINANCE.

148
Q

TIME PERIOD FOR ANTI DUMPING DUTY?

A

ANTI DUMPING MEASURES MUST EXPIRE FIVE YEARS AFTER THE DATE OF IMPOSITION, UNLESS AN INVESTIGATION SHOWS THAT ENDING THE MEASURE WOULD LEAD TO INJURY.

149
Q

WHAT IS INSURANCE PENETRATION AND INSURANCE DENSITY?

A

○ INSURANCE PENETRATION IS MEASURED AS THE PERCENTAGE OF INSURANCE PREMIUM TO GDP.
○ INSURANCE DENSITY IS MEASURED AS RATIO OF PREMIUM TO POPULATION (PER CAPITA PREMIUM).

150
Q

WHAT IS ANGEL TAX?

A

ANGEL TAX IS THE TAX LEVIED ON THE CAPITAL RAISED VIA THE ISSUE OF SHARES BY UNLISTED COMPANIES IF THE SHARE PRICE OF ISSUED SHARES IS SEEN IN EXCESS OF THE FAIR MARKET VALUE OF THE COMPANY.
IMPOSED ON RESIDENT AS WELL AS NON RESIDENT INVESTORS.

151
Q

MINISTRY OF RODTEP (REMISSION OF DUTIES AND TAXES ON EXPORTED PRODUCTS) SCHEME?

A

MINISTRY OF COMMERCE AND INDUSTRY.

152
Q

DOES PURCHASING MANAGERS INDEX CAPTURES INFORMAL SECTOR ACTIVITY?

A

NO.

153
Q

TWIN BALANCE SHEET PROBLEM?

A

A TWIN BALANCE SHEET IS A SCENARIO WHERE BANKS ARE UNDER SEVERE STRESS AND THE CORPORATES ARE OVERLEVERAGED TO THE EXTENT THAT THEY CANNOT REPAY THEIR LOANS.

154
Q

FOUR BALANCE SHEET PROBLEM?

A

ORIGINAL- BANKS AND INFRA COMPANIES (CORPORATES)
○ NBFCs
○ REAL ESTATE.

155
Q

PERIODIC LABOUR FORCE SURVEY IS RELEASED BY?

A

MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION.

156
Q

WHAT IS LABOUR FORCE PARTICIPATION RATE?

A

IT IS DEFINED AS THE PERCENTAGE OF PERSONS IN LABOUR FORCE (i.e. WORKING OR SEEKING OR AVAILABLE FOR WORK) IN THE POPULATION.

157
Q

WORKER POPULATION RATIO?

A

IT IS DEFINED AS THE PERCENTAGE OF EMPLOYED PERSONS IN THE POPULATION.

158
Q

UNEMPLOYMENT RATE?

A

IS DEFINED AS THE PERCENTAGE OF PERSONS UNEMPLOYED AMONG THE PERSONS IN THE LABOUR FORCE.

159
Q

NOBEL PRIZE IN ECONOMICS 2023?

A

CLAUDIA GOBLIN FOR RESEARCH ON WORKPLACE GENDER GAP.

160
Q

EASTERN DEDICATED FREIGHT CORRIDOR IS FUNDED THROUGH?

A

1875 KM BEGINNING AT SAHNEWAL (LUDHIANA), AND CONCLUDING AT DANKUNI, WEST BENGAL.
IT IS FUNDED THROUGH A LOAN FROM WORLD BANK.

161
Q

WESTERN DEDICATED FREIGHT CORRIDOR IS FUNDED BY?

A

1506 KM FROM DADRI IN UP TO JAWAHARLAL NEHRU PORT TRUST IN MUMBAI IS FUNDED BY THE JAPAN INTERNATIONAL COOPERATION AGENCY.

162
Q

MINISTRY OF TEA BOARD?

A

TEA BOARD FUNCTIONS AS A STATUTORY BODY OF THE CENTRAL GOVERNMENT UNDER THE MINISTRY OF COMMERCE.

163
Q

HEADQUARTERS OF TEA BOARD?
HOW MANY MEMBERS ARE IN TEA BOARD?
AFTER HOW MUCH TIME IT IS RECONSTITUTED?

A

HEADQUARTERS AT KOLKATA.
31 MEMBERS INCLUDING CHAIRMAN.
RECONSTITUTED EVERY THREE YEARS.

164
Q

SUPREME COURT ORDER ON TELECOS’ LICENSE FEE TAX?

A

SC HAS HELD THAT PAYMENT OF ENTRY FEE AS WELL AS VARIABLE ANNUAL LICENSE FEE MADE BY TELECOS WILL BE CONSIDERED CAPITAL EXPENDITURE AND NOT REVENUE EXPENDITURE.
SC ORDER HAS NOT CLARIFIED WHETHER THE CHANGES WILL HAVE TO BE MADE ON A RETROSPECTIVE BASIS.

165
Q

WHERE IS VIZHINJAM PORT?

A

NEAR THIRUVANATHAPURAM IN KERALA.
IT IS INDIA’S FIRST INTERNATIONAL DEEP WATER TRANSHIPMENT PORT.

166
Q

NATURAL DEPTH OF VIZHINJAM PORT?

A

OF MORE THAN 18 METERS.
LOCATED 10 NAUTICAL MILES FROM INTERNATIONAL SHIPPING ROUTE.

167
Q

WHO RECOMMENDS MSPs?

A

COMMISSION FOR AGRICULTURAL COSTS AND PRICES (CACP).

168
Q

WHO TAKES THE FINAL DECISION TO APPROVE THE MSP LEVELS?

A

CABINET COMMITTEE ON ECONOMIC AFFAIRS (CCEA), CHAIRED BY THE PRIME MINISTER OF INDIA.

169
Q

MSPs FOR TORIA AND DE- HUSKED COCONUT ARE DETERMINED BASED ON THE MSPs OF_______ AND_______ RESPECTIVELY?

A

○ RAPESEED/MUSTARD
○ COPRA
RESPECTIVELY.

170
Q

WHAT ARE BLUE COLLAR WORKERS?

A

THEY WORK IN MANUAL LABOUR AND GENERALLY COMPENSATED BY THE HOUR OR THROUGH.
EXAMPLE - WELDERS, MECHANICS, ELECTRICIANS AND CONSTRUCTION WORKERS.
WOMEN ARE INCREASING IN BLUE COLLAR JOBS.

171
Q

DIFFERENCE BETWEEN CENTRAL BANK DIGITAL CURRENCY AND UNIFIED PERFORMANCE INTERFACE?

A

○ CBDC OR e-RUPEE IS DIGITAL CURRENCY.
UPI IS A PAYMENT SYSTEM.
○ CBDC IS AN ACCEPTED FUNGIBLE LEGAL TENDER.
UPI IS ONE OF THE MODES OF PAYMENT.
○ CBDC INVOLVES DIRECT MOVEMENT OF MONEY BETWEEN TWO INDIVIDUALS OR ENTITIES.
UPI- MOVEMENT IS ONLY BETWEEN TWO BANKS.
CBDC EG- e-RUPEE, e-KRONA OF SWEDEN.
UPI- BHIM, PHONEPE, PAYTM ETC.

172
Q

WHAT IS FIAT MONEY?

A

IT IS A TYPE OF CURRENCY THAT IS NOT BACKED BY A COMMODITY SUCH AS GOLD OR SILVER.

173
Q

WHAT IS FUNGIBILITY?

A

IT IS THE PROPERTY OF A GOOD OR A COMMODITY WHOSE INDIVIDUAL UNITS ARE ESSENTIALLY INTERCHANGEABLE AND EACH OF WHOSE PARTS ARE INDISTINGUISHABLE FROM ANY OTHER PART.

174
Q

IS CBDC SAME AS THE FIAT CURRENCY?

A

YES AND IT IS EXCHANGEABLE ONE TO ONE WITH THE FIAT CURRENCY.

175
Q

DO WE NEED BANK ACCOUNT FOR CBDC?

A

IT IS A FUNGIBLE LEGAL TENDER FOR WHICH HOLDERS NEED NOT HAVE A BANK ACCOUNT.

176
Q

WILL CBDC APPEAR AS LIABILITY ON THE RBI’s BALANCE SHEET?

A

YES.

177
Q

GLOBAL WEALTH TAX WAS ABOLISHED IN WHICH YEAR?

A

UNION BUDGET 2016-17 ABOLISHED THE WEALTH TAX.

178
Q

NODAL MINISTRY FOR NUTRIENT BASED FERTILIZER SUBSIDY?

A

MINISTRY OF CHEMICALS AND FERTILIZERS.

179
Q

WHAT ARE PROXY ADVISORY FIRMS?

A

PROXY ADVISORY FIRMS POSITION THEMSELVES AS INDEPENDENT FIRMS THAT PROVIDE ADVICE TO INDIVIDUAL SHAREHOLDERS, MINORITY SHAREHOLDERS, OR INSTITUTIONAL INVESTORS ON THE EXERCISE OF THEIR RIGHTS IN A COMPANY, INCLUDING MAKING RECOMMENDATIONS ON PUBLIC OFFERS OR VOTING ON AGENDA ITEMS.

180
Q

WHO REGULATES PROXY ADVISORS?

A

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI).

181
Q

MAITREE SUPER THERMAL POWER PLANT FINANCING?
IT IS BUILT BY?

A

CONCESSIONAL FUNDING FROM INDIA.
BUILT BY BHARAT HEAVY ELECTRICALS LIMITED AND THE BANGLADESH POWER DEVELOPMENT BOARD.

182
Q

RECENT PROJECTS OF INDIA AND BANGLADESH?

A

MAITREE SUPER THERMAL POWER PROJECT
AKHAURA-AGARTALA RAIL LINK
KHULNA-MONGKA PORT RAIL LINE

183
Q

PM MUDRA (MICRO UNITS DEVELOPMENT AND REFINANCE AGENCY LIMITED) YOJANA COMES UNDER WHICH MINISTRY?

A

MINISTRY OF FINANCE.

184
Q

OBJECTIVE OF PM MUDRA YOJANA SCHEME?

A

TO PROVIDE LOANS UP TO 10 LAKH TO THE NON CORPORATE, NON FARM SMALL AND MICRO ENTERPRISES THROUGH BANKS, NBFCs AND MICRO FINANCE INSTITUTIONS.

185
Q

ARE LOANS UNDER PM MUDRA YOJANA SCHEME COLLATERAL FREE?

A

YES.

186
Q

DOES PM MUDRA LEND DIRECTLY TO MICRO ENTREPRENEURS/INDIVIDUALS?

A

NO MUDRA DOES NOT LEND DIRECTLY TO MICRO ENTREPRENEURS/ INDIVIDUALS.

187
Q

WHAT IS SEED CAPITAL?

A

REFERS TO THE TYPE OF FINANCING USED IN THE FORMATION OF A STARTUP.

188
Q

INDIA’S ENERGY CONSERVATION BUILDING CODE IS RELEASED BY?

A

MINISTRY OF POWER’S BUREAU OF ENERGY EFFICIENCY (BEE).

189
Q

INDIA’S ENERGY CONSERVATION BUILDING CODE COMPONENTS OF BUILDING DESIGN?

A

6 COMPONENTS
1 ENVELOPE (WALLS, ROOFS, WINDOWS)
2 LIGHTING SYSTEMS, HVAC SYSTEMS
3 ELECTRICAL POWER SYSTEMS.

190
Q

IS INDIA’S ENERGY CONSERVATION BUILDING CODE APPLICABLE TO ONLY NEW BUILDINGS?

A

NO IT IS APPLICABLE FOR BOTH NEW BUILDINGS AND RETROFITTING EXISTING BUILDINGS. COMPLIANT BUILDINGS ARE ASSIGNED ONE OF THE THREE TAGS IN ASCENDING ORDER OF EFFICIENCY: ECBC, ECBC PLUS AND SUPER ECBS.

191
Q

WHICH STATES HAVE NOT NOTIFIED INDIA’S ENERGY CONSERVATION BUILDING CODE RULES?

A

FIVE STATES ARE YET TO NOTIFY ECBC RULES
1 GUJARAT
2 MAHARASHTRA
3 JAMMU AND KASHMIR
4 LADAKH
5 MANIPUR

192
Q

STATE ENERGY EFFICIENCY INDEX (SEEI) IS RELEASED BY?

A

BUREAU OF ENERGY EFFICIENCY.

193
Q

THE TERM STAND BY ARRANGEMENT (SBA) RECENTLY SEEN IN THE NEWS IS RELATED TO WHICH ORGANIZATION?

A

INTERNATIONAL MONETARY FUND (IMF).

194
Q

NODAL MINISTRY OF GOVERNMENT eMARKETPLACE (GeM)?

A

MINISTRY OF COMMERCE.

195
Q

ARE THE PURCHASES THROUGH GeM BY GOVERNMENT USERS VOLUNTARY?

A

NO, THE PURCHASES THROUGH GeM BY GOVERNMENT USERS HAVE BEEN AUTHORIZED AND MADE MANDATORY BY THE MINISTRY OF FINANCE.

196
Q

FIT FOR 55 AGENDA OFTEN SEEN IN NEWS IS RELATED TO?

A

CARBON BORDER ADJUSTMENT MECHANISM (CBAM).

197
Q

LOGISTICS EASE ACROSS DIFFERENT STATE (LEADS) 2023 REPORT IS RELEASED BY?

A

MINISTRY OF COMMERCE AND INDUSTRY.

198
Q

DURATION OF TAX INSPECTORS WITHOUT BORDERS PROGRAMME?

A

12 TO 18 MONTHS.

199
Q

TAX INSPECTORS WITHOUT BORDERS IS A JOINT INITIATIVE OF?

A

UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) AND ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD).

200
Q

CREDIT INFORMATION COMPANIES IN INDIA?

A

THERE ARE 4
1 TRANSUNION CIBIL
2 EXPERIAN
3 EQUIFAX
4 CRIF HIGH MARK

201
Q

WHAT ARE ALTERNATE INVESTMENT FUND?

A

IT REFERS TO THE POOLED INVESTMENT FUNDS THAT INFUSE IN HEDGE FUNDS, PRIVATE EQUITY, VENTURE CAPITAL AND OTHER INVESTMENT TYPES.

202
Q

ALTERNATE INVESTMENT FUNDS ARE REGULATED BY?

A

THEY ARE DEFINED UNDER SEBI AND REGULATED BY SEBI.

203
Q

WHAT ARE THE MAIN GLOBALLY RECOGNIZED CREDIT RATING AGENCIES?

A

1 MOODY’S
2 STANDARD AND POOR’S (S&P)
3 FITCH

CURRENT AFFAIRS 2023 (10 decks)

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