10 July 2021 Current Affairs Quiz
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10 July 2021 Current Affairs Quiz for UPSC Prelims
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- Question 1 of 5
1. Question
“SPARSH” recently seen in news is related to,
CorrectAnswer: B
About SPARSH
• SPARSH is an integrated system for automation of sanction and disbursement of defence pension.
• This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners without relying on any external intermediary.
• A Pensioner Portal is available for pensioners to view their pension related information, access services and register complaints for redressal of grievances, if any, relating to their pension matters.
• It is a Comprehensive Pension Package (CPP), an end to end Online System facilitating and easing every aspect of Defence Pensions from Initiation to Disbursement
• An establishment of Service Centres aims at providing last mile connectivity to pensioners who may not be able to directly access the SPARSH portal for any reason.
• In addition to several offices of the Defence Accounts Department which are already functioning as Service Centres for pensioners the two largest banks dealing with defence pensioners have been co-opted as Service Centres.
○ State Bank of India (SBI)
○ Punjab National Bank (PNB)
• The pensioners can approach various branches of these two banks for obtaining any service relating to their pension issues.IncorrectAnswer: B
About SPARSH
• SPARSH is an integrated system for automation of sanction and disbursement of defence pension.
• This web-based system processes pension claims and credits pension directly into the bank accounts of defence pensioners without relying on any external intermediary.
• A Pensioner Portal is available for pensioners to view their pension related information, access services and register complaints for redressal of grievances, if any, relating to their pension matters.
• It is a Comprehensive Pension Package (CPP), an end to end Online System facilitating and easing every aspect of Defence Pensions from Initiation to Disbursement
• An establishment of Service Centres aims at providing last mile connectivity to pensioners who may not be able to directly access the SPARSH portal for any reason.
• In addition to several offices of the Defence Accounts Department which are already functioning as Service Centres for pensioners the two largest banks dealing with defence pensioners have been co-opted as Service Centres.
○ State Bank of India (SBI)
○ Punjab National Bank (PNB)
• The pensioners can approach various branches of these two banks for obtaining any service relating to their pension issues. - Question 2 of 5
2. Question
Consider the following statements with reference to Sovereign Gold Bond Scheme:
1. Sovereign Gold Bond Scheme was introduced in the Union Budget 2020- 21
2. The minimum permissible investment limit will be 1000 grams of gold.
Which of the statements given above is/are correct?CorrectAnswer: D
About Sovereign Gold Bond Scheme (SGB)
• The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi.
• It was launched to reduce the demand for physical gold and with an aim to invest a part of these physicals gold bars and coins that are purchased every year into financial savings in the form of gold bonds.
• Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
• The Bond is issued by Reserve Bank on behalf of Government of India.
• Government introduced these bonds to help reduce India’s over dependence on gold imports.
• The move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
• The bonds will be restricted for sale to resident Indian entities, including individuals, Hindu Undivided Family (HUFs), trusts, universities and charitable institutions.
• The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
• The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
• The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
• In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
• Bonds can be used as collateral for loans.
• The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.IncorrectAnswer: D
About Sovereign Gold Bond Scheme (SGB)
• The Sovereign Gold Bond Scheme was introduced in the Union Budget 2015-16 by the Union Cabinet which was chaired by PM Narendra Modi.
• It was launched to reduce the demand for physical gold and with an aim to invest a part of these physicals gold bars and coins that are purchased every year into financial savings in the form of gold bonds.
• Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
• The Bond is issued by Reserve Bank on behalf of Government of India.
• Government introduced these bonds to help reduce India’s over dependence on gold imports.
• The move was also aimed at changing the habits of Indians from saving in physical form of gold to a paper form with Sovereign backing.
• The bonds will be restricted for sale to resident Indian entities, including individuals, Hindu Undivided Family (HUFs), trusts, universities and charitable institutions.
• The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
• The tenor will be for a period of 8 years with exit option from the 5th year to be exercised on the interest payment dates.
• The minimum permissible investment limit will be 1 gram of gold, while the maximum limit will be 4 kg for individual, 4 kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March) notified by the government from time to time.
• In case of joint holding, the investment limit of 4 kg will be applied to the first applicant only.
• Bonds can be used as collateral for loans.
• The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time. - Question 3 of 5
3. Question
Consider the following statements regarding DMIC (Delhi-Mumbai industrial corridor)
project.
1. It is entirely funded by the Central government.
2. It covers 8 states along the Western Dedicated Freight Corridor (DFC) of railways.
Which of the statements given above is/are correct?CorrectAnswer: D
Statement 1 is incorrect. The funding for this project- 49% equity of Government of India, 26% equity of
the JBIC (Japan Bank International Cooperation) and the remaining held by government financial
institutions.
Statement 2 is incorrect. It spans 6 states of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat
and Maharashtra along the Western Dedicated Freight Corridor (DFC) of railways.IncorrectAnswer: D
Statement 1 is incorrect. The funding for this project- 49% equity of Government of India, 26% equity of
the JBIC (Japan Bank International Cooperation) and the remaining held by government financial
institutions.
Statement 2 is incorrect. It spans 6 states of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat
and Maharashtra along the Western Dedicated Freight Corridor (DFC) of railways. - Question 4 of 5
4. Question
Consider the following statements regarding National Internet Exchange of India (NIXI):
1. It is a not-for-profit organization for spreading the internet infrastructure to the citizens of India.
2. Its main objective is to expand and enhance mobile value-added services.
3. It is the responsibility of NIXI to maintain the accuracy or completeness of the information
contained within the website.
Which of the statements given above is/are correct?CorrectAnswer: A
Statement 2 is incorrect. The role of expanding and enhancing the online and mobile value added
services sectors is the function of IMAI (Internet and mobile association of India) and not that of NIXI.
Statement 3 is incorrect. NIXI does not warrant the accuracy or completeness of the information, text,
graphics, links or other items contained within the Website. As a result of updates and corrections, the
web contents are subject to change without any notice from “National Internet exchange of India”.IncorrectAnswer: A
Statement 2 is incorrect. The role of expanding and enhancing the online and mobile value added
services sectors is the function of IMAI (Internet and mobile association of India) and not that of NIXI.
Statement 3 is incorrect. NIXI does not warrant the accuracy or completeness of the information, text,
graphics, links or other items contained within the Website. As a result of updates and corrections, the
web contents are subject to change without any notice from “National Internet exchange of India”. - Question 5 of 5
5. Question
Arrange the following cities of the South East Asia in North to South direction
1. Bandung.
2. Manila.
3. Phuket.
4. Vientiane.
Choose the Correct sequence:CorrectAnswer: B
IncorrectAnswer: B
