EDITORIALS & ARTICLES
September 09, 2020 - Daily Quiz
1. What was/were the object/objects of Queen Victoria’s Proclamation (1858)?
- To disclaim any intention to annex Indian States
- To place the Indian administration under the British Crown
- To regulate East India Company’s trade with India
Select the correct answer using the code given below.
(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
2. With reference to ‘fuel cells’ in which hydrogen-rich fuel and oxygen are used to generate electricity, consider the following statements :
- If pure hydrogen is used as a fuel, the fuel cell emits heat and water as by-products.
- Fuel cells can be used for powering buildings and not for small devices like laptop computers.
- Fuel cells produce electricity in the form of Alternating Current (AC).
Which of the statements given above is / are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
3. With reference to ‘IFC Masala Bonds’, sometimes seen in the news
Which of the statements given below is/are correct?
- The International Finance Corporation, which offers these bonds, is an arm of the World Bank.
- They are the rupee-denominated bonds and are a source of debt financing for the public and private sector.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
4. Local self-government can be best explained as an exercise in
(a) Federalism
(b) Democratic decentralisation
(c) Administrative delegation.
(d) Direct democracy
5. The staple commodities of export by the English East India Company from Bengal in the middle of the 18th century were-
(a) Raw cotton, oil-seeds and opium
(b) Sugar, salt, zinc and lead
(c) Copper, silver, gold, spices and tea
(d) Cotton, silk, saltpetre and opium
ANSWERS
1. (a) - On 1st Nov 1858, Lord Canning sent forth royal proclamation in Allahabad that declare that the queen assumed government of India for future policy of British Rule in India. Queen Victoria declares that afterward India will rule in the name of British Monarch by Secretary of State. This description suggests that Queen Victoria’s Proclamation concerns is to reject any intention to annex Indian States and to keep Indian administration under British Crown.
2. (a) Fuel cell produces electrical current which directs the cell to give power to electric motor or anything else. For generating electricity, fuel cells creates less pollution which uses hydrogen and oxygen on combining to form harmless by-product, such as water on releasing heat. single fuel cell generates less direct current electricity, so few fuel cells on clubbing can generate more electricity. If an alternating current is required then DC output of fuel cell gets channelled through inverter.
3. (c) The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.
- Bonds are instruments of debt - typically used by corporates to raise money from
- Masala Bonds are rupee-denominated bonds issued to overseas buyers. The first Masala bond was issued by the World Bank backed International Finance Corporation in November 2014.
- The Reserve Bank of India has issued guidelines allowing Indian companies, non-banking finance companies (HDFC, India Bulls Housing Finance are examples of such companies) and infrastructure investment trusts and real investment trusts (investment vehicles that pool money from various investors and invest in infrastructure and real estate sectors) to issue rupee-denominated bond overseas.
4. (b) Democratic decentralization is the meaningful authority devolved to local units of governance that are accessible and accountable to the local citizenry. Panchayats and Municipalities are examples of democratic decentralization.
5. (d) -British-Indian territory was developed as a source of food and raw material for Britain, which fuelled rapid growth in its manufacturing sector, crucial to the emergence of a powerful capitalist economy.
- In the 1750s fine cotton and silk was exported from India to markets inEurope, Asia, and Africa.
- While by the second quarter of the 19th century, raw materials, which chiefly consisted of raw cotton, opium, and indigo, accounted for most of India's
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