June 11, 2020 - Daily Quiz
1. Regarding the Pradhan Mantri Adarsh Gram Yojana (PMAGY):
- It was launched for the integrated development of 1000 villages each with more than 50% SC population.
- The scheme is being implemented by the Ministry of Panchayati Raj.
Which of the Statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
2. With reference to the forex exchange reserves in India,
- External Commercial Borrowings do not come under Forex reserves.
- The level of foreign exchange reserves has steadily increased in 1990s to the current level.
Which of the Statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
3. Consider the following statements:
- Magnetocaloric materials heat up when they are placed in a magnetic field and cool down when they are removed from a magnetic field.
- Magnetocaloric materials can provide controlled heating which can be used to kill tumour cells.
Which of the Statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
4. Consider the following statements regarding the Insolvency and Bankruptcy Code, 2016:
- The code stipulates that the resolution process of a stressed company should be completed within a year.
- The threshold for invoking insolvency under IBC has been raised to Rs. 1 crore.
Which of the Statements given above is/are incorrect?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
5. ‘Plasticrust’ that is seen in the news, refers to
(a) Crust of plastic found on the surface of earth in Taiga region.
(b) A layer of plastic encrusted onto ocean rocks.
(c) A heap of plastic found in Sargasso sea.
(d) None of the above.
Answers & Explanations
- (a) - https://economictimes.indiatimes.com/topic/Pradhan-Mantri-Adarsh-Gram-Yojana
- (a) - https://indianexpress.com/article/explained/explained-india-forex-reserves-covid-19-economic-crisis-6448701/
- (c) - https://www.thehindubusinessline.com/news/science/arci-develops-magnetocaloric-material-for-cancer-treatment/article31772990.ece
- (a) - https://indianexpress.com/article/opinion/columns/insolvency-and-bankruptcy-code-nclt-companies-6141701/
- (b) - https://www.earth.com/news/plasticrust-plastic-pollution-crisis/
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