Current Affairs Quiz 17 July 2024
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Current Affairs Quiz 17 July 2024 for UPSC Prelims
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- Question 1 of 5
1. Question
With reference to India, consider the following statements:
1. There is only one citizenship and one domicile.
2. A citizen by birth only can become the Head of State.
3. A foreigner once granted citizenship cannot be deprived of it under any circumstances.
Which of the statements given above is/are correct?CorrectAns: (a)
IncorrectAns: (a)
- Question 2 of 5
2. Question
The black cotton soil of India has been formed due to the weathering of
CorrectAns: (b)
IncorrectAns: (b)
- Question 3 of 5
3. Question
Foreigners’ Tribunals (FTs) in India are:
CorrectAnswer:
B. Quasi-judicial bodies established under the Foreigners’ Act 1946 and the Foreigners’ Tribunal Order 1964.IncorrectAnswer:
B. Quasi-judicial bodies established under the Foreigners’ Act 1946 and the Foreigners’ Tribunal Order 1964. - Question 4 of 5
4. 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)
• Co-operative banks are financial entities which belong to its members, who are at the same time the owners and the customers of their bank. They are established by State laws.
• Co-operative banks in India are registered under the Cooperative Societies Act. They are also regulated by the RBI and governed by Banking Regulations Act, 1949 and Banking Laws (Co-operative Societies) Act,1955.
• Cooperative banks lend as well as accept deposits. They are established with the aim of funding agriculture and allied activities and financing village and cottage industries.
• National Bank for Agriculture and Rural Development (NABARD) is the apex body of cooperative banks in India.
• 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.
• The banking related functions such as issue of license to start new banks/branches, matters relating to interest rates, loan policies, investments and prudential exposure norms are regulated and supervised by the Reserve Bank under the provisions of the Banking Regulation Act, 1949 after an amendment in 1966. Hence, statement 3 is correct.
• The Reserve Bank of India came out with draft guidelines allowing primary UCBs to augment capital through issuance of equity shares, preference shares and debt instruments.
• The UCBs could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members. Hence, statement 2 is correct.IncorrectAns: (b)
• Co-operative banks are financial entities which belong to its members, who are at the same time the owners and the customers of their bank. They are established by State laws.
• Co-operative banks in India are registered under the Cooperative Societies Act. They are also regulated by the RBI and governed by Banking Regulations Act, 1949 and Banking Laws (Co-operative Societies) Act,1955.
• Cooperative banks lend as well as accept deposits. They are established with the aim of funding agriculture and allied activities and financing village and cottage industries.
• National Bank for Agriculture and Rural Development (NABARD) is the apex body of cooperative banks in India.
• 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.
• The banking related functions such as issue of license to start new banks/branches, matters relating to interest rates, loan policies, investments and prudential exposure norms are regulated and supervised by the Reserve Bank under the provisions of the Banking Regulation Act, 1949 after an amendment in 1966. Hence, statement 3 is correct.
• The Reserve Bank of India came out with draft guidelines allowing primary UCBs to augment capital through issuance of equity shares, preference shares and debt instruments.
• The UCBs could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members. Hence, statement 2 is correct. - Question 5 of 5
5. Question
Consider the following statements regarding citizenship
1. The Constitution does not deal with the problem of acquisition or loss of citizenship
subsequent to its commencement.
2. The Constitution empowers both the Parliament and state legislature to enact a law to provide
for matter relating to citizenship.
Which of the statements given above is/are correct?CorrectCorrect Answer : A
The Constitution deals with the citizenship from Articles 5 to 11 under Part II. However, it
contains neither any permanent nor any elaborate provisions in this regard. It only identifies
the persons who became citizens of India at its commencement (i.e., on January 26, 1950). It
does not deal with the problem of acquisition or loss of citizenship subsequent to its
commencement. It empowers the Parliament to enact a law to provide for such
matters and any other matter relating to citizenship. Hence, statement 2 is incorrect.
Accordingly, the Parliament has enacted the Citizenship Act (1955), which has been amended
from time to time.IncorrectCorrect Answer : A
The Constitution deals with the citizenship from Articles 5 to 11 under Part II. However, it
contains neither any permanent nor any elaborate provisions in this regard. It only identifies
the persons who became citizens of India at its commencement (i.e., on January 26, 1950). It
does not deal with the problem of acquisition or loss of citizenship subsequent to its
commencement. It empowers the Parliament to enact a law to provide for such
matters and any other matter relating to citizenship. Hence, statement 2 is incorrect.
Accordingly, the Parliament has enacted the Citizenship Act (1955), which has been amended
from time to time.
