Current Affairs Quiz 05 September 2023
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Current Affairs Quiz 05 September 2023 for UPSC Prelims
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- Question 1 of 5
1. Question
Which of the following options is/are available to the President when a Constitution Amendment Bill is presented to him/her for assent?
1. Give assent to the bill
2. Withhold assent to the bill
3. Return the bill for reconsideration of the Parliament
Select the correct answer using the code given below.CorrectAnswer: A
After duly passed by both the Houses of Parliament and ratified by the state legislatures, where necessary, the bill is presented to the president for assent. The President must give his assent to the bill. He can neither withhold his assent to the bill nor return the bill for reconsideration of the Parliament. (The 24th
Constitutional Amendment Act of 1971 made it obligatory for the President to give his assent to a constitutional Amendment Bill). Hence statement 1 is correct and 2 and 3 are not correct.IncorrectAnswer: A
After duly passed by both the Houses of Parliament and ratified by the state legislatures, where necessary, the bill is presented to the president for assent. The President must give his assent to the bill. He can neither withhold his assent to the bill nor return the bill for reconsideration of the Parliament. (The 24th
Constitutional Amendment Act of 1971 made it obligatory for the President to give his assent to a constitutional Amendment Bill). Hence statement 1 is correct and 2 and 3 are not correct. - Question 2 of 5
2. Question
With reference to ‘Urban Cooperative Banks’ in India, consider the following statements:
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.
Which of the statements given above is/are correct?CorrectAns: (b)
Exp:
• Urban Co-operative Banks (UCB) are regulated and supervised by State Registrars of Co-operative Societies (RCS) in case of single-state co-operative banks and Central Registrar of Co-operative Societies (CRCS) in case of multi-state co-operative banks and by the RBI. Hence, statement 1 is not correct.IncorrectAns: (b)
Exp:
• Urban Co-operative Banks (UCB) are regulated and supervised by State Registrars of Co-operative Societies (RCS) in case of single-state co-operative banks and Central Registrar of Co-operative Societies (CRCS) in case of multi-state co-operative banks and by the RBI. Hence, statement 1 is not correct. - Question 3 of 5
3. Question
Which of the following statements regarding Urban Infrastructure Development Fund are correct?
1. The fund will provide resources for public agencies to create urban infrastructure in tier-2 and tier-3 cities.
2. The UIDF will be managed by the National Housing Bank.
Which of the statements given above is/are correct?CorrectAnswer: C
Urban Infrastructure Development Fund (UIDF)
• The UIDF will be created using priority sector lending shortfall and will be managed by the National Housing Bank.
• The fund will provide resources for public agencies to create urban infrastructure in tier-2 and tier-3 cities.
• The UIDF will be established on the lines of the Rural Infrastructure Development Fund (RIDF).
• States will be encouraged to access the UIDF by leveraging resources from the 15th Finance Commission grants and other existing schemes.Classification of Cities:
• Tier-2 cities: Cities with a population between 50,000 to 100,000
• Tier-3 cities: Cities with a population between 20,000 to 50,000Rural Infrastructure Development Fund (RIDF)
• The RIDF was established by the government in 1995-96 for financing ongoing rural infrastructure projects.
• The Fund is managed by the National Bank for Agriculture and Rural Development (NABARD).
• Domestic commercial banks contribute to the Fund to fulfill their shortfall in priority sector lending to agriculture.
• The main objective of the RIDF is to provide loans to state governments and state-owned corporations for completing ongoing rural infrastructure projects.
• The loan must be repaid in equal annual installments within seven years from the date of withdrawal, with a grace period of two years.IncorrectAnswer: C
Urban Infrastructure Development Fund (UIDF)
• The UIDF will be created using priority sector lending shortfall and will be managed by the National Housing Bank.
• The fund will provide resources for public agencies to create urban infrastructure in tier-2 and tier-3 cities.
• The UIDF will be established on the lines of the Rural Infrastructure Development Fund (RIDF).
• States will be encouraged to access the UIDF by leveraging resources from the 15th Finance Commission grants and other existing schemes.Classification of Cities:
• Tier-2 cities: Cities with a population between 50,000 to 100,000
• Tier-3 cities: Cities with a population between 20,000 to 50,000Rural Infrastructure Development Fund (RIDF)
• The RIDF was established by the government in 1995-96 for financing ongoing rural infrastructure projects.
• The Fund is managed by the National Bank for Agriculture and Rural Development (NABARD).
• Domestic commercial banks contribute to the Fund to fulfill their shortfall in priority sector lending to agriculture.
• The main objective of the RIDF is to provide loans to state governments and state-owned corporations for completing ongoing rural infrastructure projects.
• The loan must be repaid in equal annual installments within seven years from the date of withdrawal, with a grace period of two years. - Question 4 of 5
4. Question
Which among the following statements is/are correct regarding amending procedure
of the Constitution?
1. All amendments to the Constitution are initiated only in the Parliament.
2. A private member can introduce a bill to amend the constitution.
Select the correct answer using the code given below.CorrectAnswer: C
Both the statements are correctIncorrectAnswer: C
Both the statements are correct - Question 5 of 5
5. Question
The Election Commission of India is responsible for holding elections to which of the following entities?
1. Municipality elections
2. Office of President
3. Office of Vice-President
4. Speaker of Lok Sabha
Select the correct answer using the code given below.CorrectAnswer: A
• The Election Commission is responsible for holding elections to:
○ The Parliament
○ State Legislatures
○ Office of President
○ Office of Vice-President
• Municipality elections are conducted by the State Election Commission.
The Speaker of the Lok Sabha is elected by the members of the Lok Sabha from amongst the already elected members.IncorrectAnswer: A
• The Election Commission is responsible for holding elections to:
○ The Parliament
○ State Legislatures
○ Office of President
○ Office of Vice-President
• Municipality elections are conducted by the State Election Commission.
The Speaker of the Lok Sabha is elected by the members of the Lok Sabha from amongst the already elected members.
