Current Affairs Quiz 31 March 2023
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Current Affairs Quiz 31 March 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Higher Education Financing Agency (HEFA) is a joint venture of
CorrectAns. A
HEFA is a joint venture of Ministry of HRD, GOI and Canara Bank with an agreed equity participation in the ratio of 90.91% and 09.09% respectively.
HEFA is registered under the Companies Act 2013 as a Union Govt company and as Non–deposit taking NBFC with RBI.
AIM To enable India’s premier educational institutions to excel and reach the top in global rankings by financing building world class infrastructure including R&D Infra.
IncorrectAns. A
HEFA is a joint venture of Ministry of HRD, GOI and Canara Bank with an agreed equity participation in the ratio of 90.91% and 09.09% respectively.
HEFA is registered under the Companies Act 2013 as a Union Govt company and as Non–deposit taking NBFC with RBI.
AIM To enable India’s premier educational institutions to excel and reach the top in global rankings by financing building world class infrastructure including R&D Infra.
- Question 2 of 5
2. Question
Which of the following statements regarding the Insurance Regulatory and Development Authority of India are correct?
1. It was established by an act of Parliament
2. The composition of authority consists of 10 member team appointed by the government of India.
Select the correct answer using the code below.CorrectAns;- c) Both 1 and 2
About IRDAI
• The Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India.
• It is an autonomous body. It was established by an act of Parliament known as the Insurance Regulatory and Development Authority Act, 1999. Hence, it is a statutory body.
• The IRDAI is headquartered in Hyderabad in Telangana. Prior to 2001, it was headquartered in New Delhi.Functions of IRDA
• Its primary purpose is to protect the rights of the policyholders in India.
• It gives the registration certificate to insurance companies in the country.
• It also engages in the renewal, modification, cancellation, etc. of this registration.
• It also creates regulations to protect policyholders’ interests in India.Composition of IRDA
The Section 4 of the Insurance Regulatory Development Authority (IRDA) Act, 1999 specifies the composition of authority which consists of 10 member team appointed by the government of India which includes.
• One chairman
• Five whole time members
• Four part time membersIncorrectAns;- c) Both 1 and 2
About IRDAI
• The Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India.
• It is an autonomous body. It was established by an act of Parliament known as the Insurance Regulatory and Development Authority Act, 1999. Hence, it is a statutory body.
• The IRDAI is headquartered in Hyderabad in Telangana. Prior to 2001, it was headquartered in New Delhi.Functions of IRDA
• Its primary purpose is to protect the rights of the policyholders in India.
• It gives the registration certificate to insurance companies in the country.
• It also engages in the renewal, modification, cancellation, etc. of this registration.
• It also creates regulations to protect policyholders’ interests in India.Composition of IRDA
The Section 4 of the Insurance Regulatory Development Authority (IRDA) Act, 1999 specifies the composition of authority which consists of 10 member team appointed by the government of India which includes.
• One chairman
• Five whole time members
• Four part time members - Question 3 of 5
3. Question
Consider the following statements:
1. The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a nationwide plan in India to provide good all-weather road connectivity to unconnected villages.
2. This Centrally Sponsored Scheme was introduced in 2021.
Which of the above statements are correct?CorrectAnswer: A
Pradhan Mantri Gram Sadak Yojana (PMGSY)• The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a nationwide plan in India to provide good all-weather road connectivity to unconnected villages.
• This Centrally Sponsored Scheme was introduced in 2000.
• The PMGSY is under the authority of the Ministry of Rural Development.PMGSY – Phase I
PMGSY – Phase I was launched in 2000 as a 100 % centrally sponsored scheme with an objective to provide single all-weather road connectivity to eligible unconnected habitation of designated population size for overall socio-economic development of the areas.PMGSY – Phase II
• The Phase II of PMGSY was approved in 2013, and while the ongoing PMGSY – I continued – under PMGSY phase II, the roads already built for village connectivity was to be upgraded to enhance rural infrastructure.
• For the 12th Five Year Plan period a target of 50,000 Km length under PMGSY-II. 75 per cent of the cost of the upgradation was by the Centre and 25 per cent by the state.
• For hill states, desert areas, Schedule V areas and Naxal-affected districts, 90 per cent of cost was borne by the Centre.PMGSY – Phase III
• The Phase III was approved by the Cabinet in 2019.
• It involves consolidation of Through Routes and Major Rural Links connecting habitations to Gramin Agricultural Markets (GrAMs), Higher Secondary Schools and Hospitals.
• Under the PMGSY-III Scheme, it is proposed to consolidate 1,25,000 Km road length in the States, and the duration of the scheme is 2019-20 to 2024-25.
• The funds would be shared in the ratio of 60:40 between the Centre and State for all States except for 8 North Eastern and 3 Himalayan States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) for which it is 90:10.IncorrectAnswer: A
Pradhan Mantri Gram Sadak Yojana (PMGSY)• The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a nationwide plan in India to provide good all-weather road connectivity to unconnected villages.
• This Centrally Sponsored Scheme was introduced in 2000.
• The PMGSY is under the authority of the Ministry of Rural Development.PMGSY – Phase I
PMGSY – Phase I was launched in 2000 as a 100 % centrally sponsored scheme with an objective to provide single all-weather road connectivity to eligible unconnected habitation of designated population size for overall socio-economic development of the areas.PMGSY – Phase II
• The Phase II of PMGSY was approved in 2013, and while the ongoing PMGSY – I continued – under PMGSY phase II, the roads already built for village connectivity was to be upgraded to enhance rural infrastructure.
• For the 12th Five Year Plan period a target of 50,000 Km length under PMGSY-II. 75 per cent of the cost of the upgradation was by the Centre and 25 per cent by the state.
• For hill states, desert areas, Schedule V areas and Naxal-affected districts, 90 per cent of cost was borne by the Centre.PMGSY – Phase III
• The Phase III was approved by the Cabinet in 2019.
• It involves consolidation of Through Routes and Major Rural Links connecting habitations to Gramin Agricultural Markets (GrAMs), Higher Secondary Schools and Hospitals.
• Under the PMGSY-III Scheme, it is proposed to consolidate 1,25,000 Km road length in the States, and the duration of the scheme is 2019-20 to 2024-25.
• The funds would be shared in the ratio of 60:40 between the Centre and State for all States except for 8 North Eastern and 3 Himalayan States (Jammu & Kashmir, Himachal Pradesh & Uttarakhand) for which it is 90:10. - Question 4 of 5
4. Question
Which of the following are the objectives of the Panchayats (Extension to Scheduled Areas) Act,1996?
1. To extend the provisions of Part IX of the Constitution relating to the panchayats to the scheduled areas.
2. To prevent panchayats at the higher level from assuming the powers of panchayats at the lower level.
3. To have village governance with participatory democracy and to make gram sabha a nucleus of all activities.
Select the correct answer using the code given below.CorrectAnswer: D
The objectives of the PESA Act are as follows:
o To extend the provisions of Part IX of the Constitution relating to the Panchayats to the scheduled
areas with certain modifications.
o To provide self-rule for the bulk of the tribal population.
o To have village governance with participatory democracy and to make the gram sabha a nucleus of
all activities.
o To evolve a suitable administrative framework consistent with traditional practices.
o To safeguard and to preserve the traditional customs of tribal communities,
o To empower panchayats at the appropriate levels with specific powers conducive to tribal
requirements.
o To prevent panchayats at the higher level from assuming the powers and authority of panchayats at
the lower level of the gram sabha.IncorrectAnswer: D
The objectives of the PESA Act are as follows:
o To extend the provisions of Part IX of the Constitution relating to the Panchayats to the scheduled
areas with certain modifications.
o To provide self-rule for the bulk of the tribal population.
o To have village governance with participatory democracy and to make the gram sabha a nucleus of
all activities.
o To evolve a suitable administrative framework consistent with traditional practices.
o To safeguard and to preserve the traditional customs of tribal communities,
o To empower panchayats at the appropriate levels with specific powers conducive to tribal
requirements.
o To prevent panchayats at the higher level from assuming the powers and authority of panchayats at
the lower level of the gram sabha. - Question 5 of 5
5. Question
The National Generic Document Registration System (NGDRS) portal is launched by which of the following:
CorrectAnswer: A
IncorrectAnswer: A
