Current Affairs Quiz 13 March 2023
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Current Affairs Quiz 13 March 2023 for UPSC Prelims
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
- Question 1 of 5
1. Question
The Volcanoes are usually located on which of the following places
CorrectAns;– d) All of the above
IncorrectAns;– d) All of the above
- Question 2 of 5
2. Question
Which of the following statements regarding National Financial Reporting Authority are correct?
- NFRA was constituted in 2018 under Companies Act, 2013.
- NFRA Chairperson will be appointed by the Central Government.
Select the correct answer using the code below.
CorrectAnswer: c
Both the statements are correct.
- NFRA was constituted in 2018 under section 132 (1) of the Companies Act, 2013.
- It is an independent regulator for enforcement of auditing standards and ensuring the quality of audits so as to enhance investor and public confidence in financial disclosures of companies.
- It can probe listed companies and those unlisted public companies having paid-up capital of no less than Rs 500 crore or annual turnover of no less than Rs 1,000 crore. (while ICAI retains jurisdiction of small listed companies)
- It can even investigate professional misconduct committed by members of the Institute of Chartered Accountants of India (ICAI) for prescribed class of body corporate or persons.
Composition:
The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.
IncorrectAnswer: c
Both the statements are correct.
- NFRA was constituted in 2018 under section 132 (1) of the Companies Act, 2013.
- It is an independent regulator for enforcement of auditing standards and ensuring the quality of audits so as to enhance investor and public confidence in financial disclosures of companies.
- It can probe listed companies and those unlisted public companies having paid-up capital of no less than Rs 500 crore or annual turnover of no less than Rs 1,000 crore. (while ICAI retains jurisdiction of small listed companies)
- It can even investigate professional misconduct committed by members of the Institute of Chartered Accountants of India (ICAI) for prescribed class of body corporate or persons.
Composition:
The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.
- Question 3 of 5
3. Question
Consider the following statements about the Emergency Credit Line Guarantee scheme.
- It provides 100% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC)
- Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
Which of the above statement is/are correct?
CorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
- Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
- The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
- Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
- No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
- Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.
IncorrectAnswer: A
About Emergency Credit Line Guarantee Scheme (ECLGS)
- Under the Emergency Credit Line Guarantee Scheme (ECLGS) 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
- The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
- Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
- No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
- Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.
- Question 4 of 5
4. Question
Consider the following statements about National Commission for Minorities.
1. National Commission for Minorities (NCM) is not a Statutory Body.
2. The term “minority” is not defined in the Indian Constitution.Which of the above statement is/are correct?
CorrectAnswer: B
About National Commission for Minorities (NCM)
• The Union Government set up the National Commission for Minorities (NCM) under the National Commission for Minorities Act, 1992. Hence, the NCM is a Statutory Body.
• Six religious communities, viz; Muslims, Christians, Sikhs, Buddhists, Zoroastrians (Parsis) and Jains have been notified in Gazette of India as minority communities by the Union Government all over India.
• The term “minority” is not defined in the Indian Constitution. However, the Constitution recognises religious and linguistic minorities – The NCM Act defines a minority as “a community notified as such by the Central government.”
• The NCM adheres to the United Nations Declaration of 18 December 1992 which states that “States shall protect the existence of the National or Ethnic, Cultural, Religious and Linguistic identity of minorities within their respective territories and encourage conditions for the promotion of that identity.”IncorrectAnswer: B
About National Commission for Minorities (NCM)
• The Union Government set up the National Commission for Minorities (NCM) under the National Commission for Minorities Act, 1992. Hence, the NCM is a Statutory Body.
• Six religious communities, viz; Muslims, Christians, Sikhs, Buddhists, Zoroastrians (Parsis) and Jains have been notified in Gazette of India as minority communities by the Union Government all over India.
• The term “minority” is not defined in the Indian Constitution. However, the Constitution recognises religious and linguistic minorities – The NCM Act defines a minority as “a community notified as such by the Central government.”
• The NCM adheres to the United Nations Declaration of 18 December 1992 which states that “States shall protect the existence of the National or Ethnic, Cultural, Religious and Linguistic identity of minorities within their respective territories and encourage conditions for the promotion of that identity.” - Question 5 of 5
5. Question
which of the following are the landslide prone areas identified by Geological Survey of India (GSI), ?
- Western Ghats and Konkan Hills
- Eastern Ghats
- North-East Himalayas
Select the correct answer using the code below.
CorrectAns. C
As highlighted before, as per Geological Survey of India (GSI), about 0.42 million sq.km covering nearly 12.6% of land area of our country is prone to landslide hazards. The major landslide prone areas in India include
- Western Ghats and Konkan Hills (Tamil Nadu, Kerala, Karnataka, Goa and Maharashtra)
- Eastern Ghats (Araku region in Andhra Pradesh)
- North-East Himalayas (Darjeeling and Sikkim)
- North West Himalayas (Uttarakhand, Himachal Pradesh, Jammu and Kashmir).
IncorrectAns. C
As highlighted before, as per Geological Survey of India (GSI), about 0.42 million sq.km covering nearly 12.6% of land area of our country is prone to landslide hazards. The major landslide prone areas in India include
- Western Ghats and Konkan Hills (Tamil Nadu, Kerala, Karnataka, Goa and Maharashtra)
- Eastern Ghats (Araku region in Andhra Pradesh)
- North-East Himalayas (Darjeeling and Sikkim)
- North West Himalayas (Uttarakhand, Himachal Pradesh, Jammu and Kashmir).
