Current Affairs Quiz 05 September 2022
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Current Affairs Quiz 05 September 2022 for UPSC Prelims
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- Question 1 of 5
1. Question
Consider the following statements about functions of Securities and Exchange Board
of India:
1. It regulates the business of the stock market and other securities market.
2. It prohibits insider trading in securities market.
3. It promotes awareness among investors and training of intermediaries about
safety of market.
Which of the statement given above are correct?CorrectAnswer: D
All the statements are correctIncorrectAnswer: D
All the statements are correct - Question 2 of 5
2. Question
Special Drawing Right (SDR) basket of IMF consists of
1. US dollar
2. Indian Rupee
3. Chinese renminbi
4. Japanese yen
5. British pound sterling
Select the correct answer using the code given below.CorrectAnswer: B
The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the
Chinese renminbi (RMB), the Japanese yen, and the British pound sterling. Hence, option (b) is
correct.IncorrectAnswer: B
The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the
Chinese renminbi (RMB), the Japanese yen, and the British pound sterling. Hence, option (b) is
correct. - Question 3 of 5
3. Question
Which of the following statements regarding Zonal Council are not correct?
1. Zonal council are created under Zonal councils Act 1956.
2. Zonal Council is headed (chairman) by respective zone’s State Chief Minister based on rotation.CorrectAns;- c) Both 1 and 2
What are Zonal Councils?
• Zonal Councils are advisory councils and are made up of the states of India that have been grouped into five zones to foster cooperation among them. These were set up vide Part-III of the States Reorganization Act, 1956.
• The Zonal Councils are the statutory (and not the constitutional) bodies.
○ They are established by an Act of the Parliament, that is, States Reorganization Act of 1956.
• The act divided the country into five zones (Northern, Central, Eastern, Western and Southern) and provided a zonal council for each zone.
• The Union Home Minister is the common chairman of the five Zonal Councils.
• Each chief minister acts as a vice-chairman of the council by rotation, holding office for a period of one year at a time.
• While forming these zones, several factors have been taken into account which include the natural divisions of the country, the river systems and means of communication, the cultural and linguistic affinity and the requirements of economic development, security and law and order.
• In addition to the above Zonal Councils, a North-Eastern Council was created by a separate Act of Parliament i.e. the North-Eastern Council Act of 1971.
• These are advisory bodies that will discuss and make recommendations with regard to any matter of common interest in the field of economic and social planning between the Centre and States.IncorrectAns;- c) Both 1 and 2
What are Zonal Councils?
• Zonal Councils are advisory councils and are made up of the states of India that have been grouped into five zones to foster cooperation among them. These were set up vide Part-III of the States Reorganization Act, 1956.
• The Zonal Councils are the statutory (and not the constitutional) bodies.
○ They are established by an Act of the Parliament, that is, States Reorganization Act of 1956.
• The act divided the country into five zones (Northern, Central, Eastern, Western and Southern) and provided a zonal council for each zone.
• The Union Home Minister is the common chairman of the five Zonal Councils.
• Each chief minister acts as a vice-chairman of the council by rotation, holding office for a period of one year at a time.
• While forming these zones, several factors have been taken into account which include the natural divisions of the country, the river systems and means of communication, the cultural and linguistic affinity and the requirements of economic development, security and law and order.
• In addition to the above Zonal Councils, a North-Eastern Council was created by a separate Act of Parliament i.e. the North-Eastern Council Act of 1971.
• These are advisory bodies that will discuss and make recommendations with regard to any matter of common interest in the field of economic and social planning between the Centre and States. - Question 4 of 5
4. Question
Consider the following statements regarding Initiatives in India for Skilling Youth.
1. SANKALP is a Central Sector Scheme which focuses on building a district-level skilling ecosystem.
2. ‘Aatamanirbhar Skilled Employee Employer Mapping (ASEEM)’ portal was launched to help skilled people find opportunities in 2020.
3. Under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) a monetary reward is provided to trainees on assessment and certification.
Which of the above statements are correct? Select the correct answer using the codes below.CorrectAns. (b) 2 and 3 only
Pradhan Mantri Kaushal Vikas Yojana (PMKVY): This is a flagship outcome-based skill training scheme aimed at benefiting 24 lakh youth. A monetary reward is provided to trainees on assessment and certification. The steering Com
Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP): SANKALP is a Centrally sponsored scheme of Ministry of Skill Development & Entrepreneurship (MSDE) with the primary focus on district-level skilling ecosystem through convergence and coordination.
Aatamanirbhar Skilled Employee Employer Mapping (ASEEM): Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Aatamanirbhar Skilled Employee Employer Mapping (ASEEM)’ portal to help skilled people find sustainable livelihood opportunities in 2020. Through ASEEM, agencies, employers, and job aggregators who are looking for a skilled workforce in the specific sectors will have access to the required details of the availability of skilled workforce and formulate their hiring plans.IncorrectAns. (b) 2 and 3 only
Pradhan Mantri Kaushal Vikas Yojana (PMKVY): This is a flagship outcome-based skill training scheme aimed at benefiting 24 lakh youth. A monetary reward is provided to trainees on assessment and certification. The steering Com
Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP): SANKALP is a Centrally sponsored scheme of Ministry of Skill Development & Entrepreneurship (MSDE) with the primary focus on district-level skilling ecosystem through convergence and coordination.
Aatamanirbhar Skilled Employee Employer Mapping (ASEEM): Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Aatamanirbhar Skilled Employee Employer Mapping (ASEEM)’ portal to help skilled people find sustainable livelihood opportunities in 2020. Through ASEEM, agencies, employers, and job aggregators who are looking for a skilled workforce in the specific sectors will have access to the required details of the availability of skilled workforce and formulate their hiring plans. - Question 5 of 5
5. Question
The term ‘special purpose vehicle’, is in the context of:
CorrectAnswer: A
IncorrectAnswer: A
