Dec 21st, 2021 - Daily Quiz

1. Consider the following Statements regarding Rani Gaidiliu: 1. She was associated with ‘Heraka movement’. 2. Gandhiji gave her the title “Rani”. 3. She led many guerilla warfare tactics against the British. Which of the Statements given above is/are correct? (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3 2. Which one of the following personalities described in the given passage? 1. In 1923, He joined the National College, Lahore which was founded and managed by Lala Lajpat Rai and Bhai Parmanand. 2. In 1924 in Kanpur, he became a member of the Hindustan Republican Association (HRA). In 1925-26 he with his colleagues started a militant youth organization called the Naujawan Bharat Sabha. Select the correct answer (a) Bhagat Singh (b) Subash Chandra Bose (c) Sachindranath Sanyal (d) Gopal Krishan Gokhale 3.Consider the following Statements regarding Raja Mahendra Pratap Singh: 1. He established Prem Maha Vidyalaya, a polytechnic college, in Vrindavan, which offered various courses, including carpentry, pottery and textiles under one roof. 2. He travelled around the world to create awareness about the situation in Afghanistan and India. 3 In 1932, he was nominated for the Nobel Peace Prize. Which of the Statements given above is/are correct? (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3 4. Consider the following Statements 1. The petroleum reserves are strategic in nature and the crude oil stored in these reserves will be used during an oil shortage event, as and when declared so by the Government of India. 2. The construction of the Strategic Crude Oil Storage facilities is being managed by Indian Strategic Petroleum Reserves Limited (ISPRL), a Special Purpose Vehicle, which is a wholly owned subsidiary of Oil Industry Development Board (OIDB) under the Ministry of Petroleum & Natural Gas. 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 5. Which of the Following Statements regarding off-budget borrowings is/are correct? 1. Such borrowings are used to fulfil the government’s expenditure needs. 2. The loan is not included in the national fiscal deficit. 3. This helps keep the country’s fiscal deficit within acceptable limits. Select the correct answer using the codes given below: (a) 1 and 2 (b) 2 and 3 (c) 1 and 3 (d) 1, 2 and 3 Answers 1. (c) Rani Gaidinliu was a Naga spiritual leader. Gaidinliu belonged to the Rongmei clan of the Zeliangrong tribe in the Tamenglong district of western Manipur. Born on January 26, 1915. At 13, she became associated with freedom fighter and religious leader, Haipou Jadonang, and became his lieutenant in his social, religious and political movement. Jadonang, who was also a Rongmei, started the ‘Heraka movement’, based on ancestral Naga religion, and envisioned an independent Naga kingdom (or Naga-Raja). Rani Gandiliu’s association with Jadonang prepared her to fight the British. After the execution of Jadonang, she took up the leadership of the movement — which slowly turned political from religious. Rani started a serious revolt against the British and was eventually imprisoned for life. She was released after 14 years, in 1947. Legacy: Acknowledging her role in the struggle against the British, Jawaharlal Nehru called her the “Daughter of the Hills” and gave her the title “Rani” or queen. Rani Gaidiliu was one of the few women political leaders who exhibited outstanding courage during the colonial period, despite limitations. Unlike Jadonang, whose approach was inclined to be “millenarian”, Rani orchestrated for the need of an armed movement against colonial rule. The ‘Rani Gaidinliu Tribal Freedom Fighters Museum’ is being built in Manipur’s Tamenglong district (Rani Gaidinliu’s birthplace). The museum would help preserve and exhibit artefacts related to the tribal freedom fighters, involved in different stages of the fight against the British colonial rule like Anglo-Manipuri War, Kuki-Rebellion, Naga-Raj movements, among others. 2. (a) In 1923, Bhagat Singh joined the National College, Lahore which was founded and managed by Lala Lajpat Rai and Bhai Parmanand. In 1924 in Kanpur, he became a member of the Hindustan Republican Association (HRA), started by Sachindranath Sanyal a year earlier. In 1925-26 Bhagat Singh and his colleagues started a militant youth organization called the Naujawan Bharat Sabha. Bhagat Singh Bhagat Singh was born in 1907 in Lyallpur district (now in Pakistan), and grew up in a Sikh family deeply involved in political activities. In 1923, Bhagat Singh joined the National College, Lahore which was founded and managed by Lala Lajpat Rai and Bhai Parmanand. In 1924 in Kanpur, he became a member of the Hindustan Republican Association (HRA), started by Sachindranath Sanyal a year earlier. In 1928, HRA was renamed from Hindustan Republican Association to Hindustan Socialist Republican Association (HSRA). In 1925-26 Bhagat Singh and his colleagues started a militant youth organization called the Naujawan Bharat Sabha. In 1927, he was first arrested on charges of association with the Kakori Case accused for an article written under the pseudonym Vidrohi (Rebel). In 1928, Lala Lajpat Rai had led a procession to protest against the arrival of the Simon Commission. The police resorted to a brutal lathi charge, in which Lala Lajpat Rai was severely injured and later succumbed to his injuries. To take revenge for the death of Lala Lajpat Rai, Bhagat Singh and his associates plotted the assassination of James A. Scott, the Superintendent of Police. However, the revolutionaries mistakenly killed J.P. Saunders. The incident is famously known as Lahore Conspiracy case (1929). Bhagat Singh and B.K. Dutt threw a bomb on 8 April, 1929 in the Central Legislative Assembly, in protest against the passing of two repressive bills, the Public Safety Bill and the Trade Dispute Bill. The aim was not to kill but to make the deaf hear, and to remind the foreign government of its callous exploitation. Trial: Both Bhagat Singh and B.K. Dutt surrendered thereafter and faced trial so they could further promote their cause. They were awarded life imprisonment for this incident. However, Bhagat Singh was re-arrested for the murder of J.P. Saunders and bomb manufacturing in the Lahore Conspiracy case. He was found guilty in this case and was hanged on 23rd March, 1931 in Lahore along with Sukhdev and Rajguru. Every year, March 23 is observed as Martyrs’ Day as a tribute to freedom fighters Bhagat Singh, Sukhdev, and Rajguru.   3.(d) Raja Mahendra Pratap Singh established Prem Maha Vidyalaya, a polytechnic college, in Vrindavan, which offered various courses, including carpentry, pottery and textiles under one roof. In 1913 he took part in Gandhi’s campaign in South Africa. He travelled around the world to create awareness about the situation in Afghanistan and India. In 1932, he was nominated for the Nobel Peace Prize. Raja Mahendra Pratap Singh Born in a royal family on December 1, 1886 in Hathras, Raja Mahendra Pratap Singh was a freedom fighter, social reformer and a figure representing the Jat community, predominant in Western Uttar Pradesh. His legacy: In 1914, during World War I, Mahendra Pratap left India and led the German-backed first Provisional Government of India in Kabul, Afghanistan and declared himself its President while waging a war against colonial rule. It was around this time (1917) that Mahendra Pratap was received by Lenin and Leon Trotsky in Petrograd, in Russia. The British announced a bounty on his head and he fled to Japan to continue his movement. In 1911-12, he went off to fight in the looming Balkan War in Turkey, on the side of the Ottoman empire, along with fellow students from the Mohammedan Anglo Oriental College (MAO) In 1932, he was nominated for the Nobel Peace Prize. His Contributions in the field of education: Established Prem Maha Vidyalaya, a polytechnic college, in Vrindavan, which offered various courses, including carpentry, pottery and textiles under one roof. He gave his own residence to establish the first technical school of the country. He founded the world federation. Political career: In 1957, Mahendra Pratap contested elections as an independent and defeated former Prime Minister and Bharatiya Janata Party (BJP) stalwart Atal Bihari Vajpayee, then a Jan Sangh candidate, from Mathura in western Uttar Pradesh. In 1913 he took part in Gandhi’s campaign in South Africa. He travelled around the world to create awareness about the situation in Afghanistan and India. In 1925 he went on a mission to Tibet and met the Dalai Lama. In free India, he diligently pursued his ideal of panchayati raj.   4. (c) Strategic petroleum reserves are huge stockpiles of crude oil to deal with any crude oil-related crisis like the risk of supply disruption from natural disasters, war or other calamities. The petroleum reserves are strategic in nature and the crude oil stored in these reserves will be used during an oil shortage event, as and when declared so by the Government of India. The construction of the Strategic Crude Oil Storage facilities is being managed by Indian Strategic Petroleum Reserves Limited (ISPRL), a Special Purpose Vehicle, which is a wholly owned subsidiary of Oil Industry Development Board (OIDB) under the Ministry of Petroleum & Natural Gas. Phase 1 and phase 2: Under Phase I of strategic petroleum reserves (SPR) programme, Government of India, through its Special Purpose Vehicle, Indian Strategic Petroleum Reserve Limited (ISPRL), has established petroleum storage facilities with total capacity of 5.33 Million Metric Tonnes (MMT) at 3 locations, namely (i) Vishakhapatnam (ii) Mangaluru and (iii) Padur. Under Phase II of the petroleum reserve program, the Government has approved two additional commercial-cum-strategic facilities at Chandikhol (Odisha) and Padur (TN) on Public-Private Partnership (PPP) model. Need for strategic oil reserves: In 1990, as the Gulf war engulfed West Asia, India was in the throes of a major energy crisis. By all accounts India’s oil reserves at the time were adequate for only three days. While India managed to avert the crisis then, the threat of energy disruption continues to present a real danger even today. To address energy insecurity, the Atal Bihari Vajpayee government mooted the concept of strategic petroleum reserves in 1998. Today, with Indian Consumption increasing, the case for creating such reserves grows stronger.   5. (d) Off-budget borrowings Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which borrows on the directions of the central government. Such borrowings are used to fulfil the government’s expenditure needs. But since the liability of the loan is not formally on the Centre, the loan is not included in the national fiscal deficit. This helps keep the country’s fiscal deficit within acceptable limits. What is government borrowing? Borrowing is a loan taken by the government and falls under capital receipts in the Budget document. Usually, the Government borrows through the issue of government securities called G-secs and Treasury Bills. How does increased government borrowing affect government finances? Bulk of the government’s fiscal deficit comes from its interest obligation on past debt. If the government resorts to larger borrowings, more than what it has projected, then its interest costs also go up risking higher fiscal deficit. That hurts government’s finances. Larger borrowing programme means that the public debt will go up and especially at a time when the GDP growth is subdued, it will lead to a higher debt-to-GDP ratio.


POSTED ON 21-12-2021 BY ADMIN
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