Current Affairs Quiz 02 June 2023
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Current Affairs Quiz 02 June 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements about Foreign Portfolio Investor (FPI):
1. Any portfolio investment beyond 10 % of the equity of Indian company is treated as FPI.
2. They cannot invest in government securities.
Which of the statement given above is/are correct?CorrectAnswer: D
Statement 1 is not correct: In India, the term ―Foreign Portfolio Investor refers to FIIs or their subaccounts, or qualified foreign investors (QFIs) who are permitted to hold upto 10% stake in a company. Portfolio Investment by any single investor or investor group cannot exceed 10% of the equity of an Indian company, beyond which it will now be treated as FDI.Statement 2 is not correct: FPIs are permitted to invest in Government Securities with a minimum residual maturity of one year. However, FPIs have been prohibited from investing in T-Bills.
IncorrectAnswer: D
Statement 1 is not correct: In India, the term ―Foreign Portfolio Investor refers to FIIs or their subaccounts, or qualified foreign investors (QFIs) who are permitted to hold upto 10% stake in a company. Portfolio Investment by any single investor or investor group cannot exceed 10% of the equity of an Indian company, beyond which it will now be treated as FDI.Statement 2 is not correct: FPIs are permitted to invest in Government Securities with a minimum residual maturity of one year. However, FPIs have been prohibited from investing in T-Bills.
- Question 2 of 5
2. Question
With respect to Ramananda, a saint from the Bhakti movement consider the following
statements:
1. He founded the Ramanandi sect and his followers worshipped him as the supreme deity.
2. His teachings led to the emergence of both the Saguna and Nirguna schools of Bhakti.
3. Saint Raidas was a disciple of Ramananda.
Which of the statements given above is/are correct?CorrectAnswer: C
In north India, the Bhakti movement spread through Ramananda, regarded as in the direct line of descent
from Ramanuja. Ramananda lived in Banaras fourteenth-fifteenth century and founded the Ramanandi
sect, which worshipped Rama as the supreme deity. Hence, statement 1 is not correct.IncorrectAnswer: C
In north India, the Bhakti movement spread through Ramananda, regarded as in the direct line of descent
from Ramanuja. Ramananda lived in Banaras fourteenth-fifteenth century and founded the Ramanandi
sect, which worshipped Rama as the supreme deity. Hence, statement 1 is not correct. - Question 3 of 5
3. Question
Which of the following statements are correct regarding PM SVANidhi scheme ?
1) The scheme launched by Ministry of rural development.
2) The scheme launched mainly keeping in the mind of MSME sector.Select the correct answer using the code below
CorrectAns;- d) None of the above
PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi)
• PM SVANidhi is a Special Micro-Credit Facility.
• PM SVANidhi was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
• Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
• The scheme promotes digital transactions through cash back incentives.
• Beneficiaries: 50 lakh Street Vendors.PM SVANidhi and SIDBI
• Small Industries Development Bank of India (SIDBI) is the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
• SIDBI will also manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• SIDBI will leverage the network of lending Institutions like Non-Bank Finance Companies (NBFCs), Co-operative Banks etc., for the Scheme implementation.IncorrectAns;- d) None of the above
PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi)
• PM SVANidhi is a Special Micro-Credit Facility.
• PM SVANidhi was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
• Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
• The scheme promotes digital transactions through cash back incentives.
• Beneficiaries: 50 lakh Street Vendors.PM SVANidhi and SIDBI
• Small Industries Development Bank of India (SIDBI) is the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
• SIDBI will also manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• SIDBI will leverage the network of lending Institutions like Non-Bank Finance Companies (NBFCs), Co-operative Banks etc., for the Scheme implementation. - Question 4 of 5
4. Question
Mekedatu Dam Project, sometimes seen in news, is in the river
CorrectAns. C
• Mekedatu dam is being set up by the Karnataka government, the project is near Mekedatu, in Ramanagaram district, across the river Kaveri.
• Its primary objective is to supply drinking water to Bengaluru and recharge the groundwater table in the region.IncorrectAns. C
• Mekedatu dam is being set up by the Karnataka government, the project is near Mekedatu, in Ramanagaram district, across the river Kaveri.
• Its primary objective is to supply drinking water to Bengaluru and recharge the groundwater table in the region. - Question 5 of 5
5. Question
Consider the following statements regarding the river Chambal :
1. It is a tributary of the Bramhaputra River.
2. The Chambal river in the northern slopes of the Vindhya mountains is known as the primary habitat of gharialsWhich of the above statements is/are correct?
CorrectAnswer: b
Chambal River
• The Chambal River is a tributary of the Yamuna River in central India, and thus forms part of the greater Gangetic drainage system.
• The river flows north-northeast through Madhya Pradesh, running for a time through Rajasthan, then forming the boundary between Rajasthan and Madhya Pradesh before turning southeast to join the Yamuna in Uttar Pradesh state.
• The perennial Chambal originates at janapav, south of Mhow town, near manpur Indore, on the south slope of the Vindhya Range in Madhya Pradesh.
• The Chambal and its tributaries drain the Malwa region of northwestern Madhya Pradesh, while its tributary, the Banas, which rises in the Aravalli Range, drains southeastern Rajasthan.
• It ends a confluence of five rivers, including the Chambal, Kwari, Yamuna, Sind, Pahuj, at Pachnada near Bhareh in Uttar Pradesh state.
• The Chambal River is considered pollution free, and hosts an amazing riverine faunal assemblage including 2 species of crocodilians – the mugger and gharial, 8 species of freshwater turtles, smooth-coated otters, gangetic river dolphins, skimmers, black-bellied terns, sarus cranes and black-necked storks, amongst others.IncorrectAnswer: b
Chambal River
• The Chambal River is a tributary of the Yamuna River in central India, and thus forms part of the greater Gangetic drainage system.
• The river flows north-northeast through Madhya Pradesh, running for a time through Rajasthan, then forming the boundary between Rajasthan and Madhya Pradesh before turning southeast to join the Yamuna in Uttar Pradesh state.
• The perennial Chambal originates at janapav, south of Mhow town, near manpur Indore, on the south slope of the Vindhya Range in Madhya Pradesh.
• The Chambal and its tributaries drain the Malwa region of northwestern Madhya Pradesh, while its tributary, the Banas, which rises in the Aravalli Range, drains southeastern Rajasthan.
• It ends a confluence of five rivers, including the Chambal, Kwari, Yamuna, Sind, Pahuj, at Pachnada near Bhareh in Uttar Pradesh state.
• The Chambal River is considered pollution free, and hosts an amazing riverine faunal assemblage including 2 species of crocodilians – the mugger and gharial, 8 species of freshwater turtles, smooth-coated otters, gangetic river dolphins, skimmers, black-bellied terns, sarus cranes and black-necked storks, amongst others.
