Static Quiz 09 October 2024 (Economy)
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Static Quiz 09 October 2024 (Economy)
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- Question 1 of 5
1. Question
With reference to Power generation capacity in India, which among the following is the major source?
CorrectGeneration Capacity from various sources as on 31.12.2020
Generation Capacity from various sources as on 31.12.2020 Coal Gas Nuclear Renewable (Hydro, Solar, Wind) Total
54.9%
(206 GW) 6.7%
(25 GW) 1.9%
(7 GW) 36.5%
(137 GW) 100%
375 GWIncorrectGeneration Capacity from various sources as on 31.12.2020
Generation Capacity from various sources as on 31.12.2020 Coal Gas Nuclear Renewable (Hydro, Solar, Wind) Total
54.9%
(206 GW) 6.7%
(25 GW) 1.9%
(7 GW) 36.5%
(137 GW) 100%
375 GW - Question 2 of 5
2. Question
With reference to the Intellectual Property Rights (IPR), which of the following pair (s) is/are correctly matched?
1) Copyright: Paintings
2) Patents: Books
3) Trademarks: Logo
4) Trade Secrets: Manufacturing processes
Which of the above statements is/are correct?CorrectCopyright: Copyrights protect the “expression of ideas”. Artistic works are generally considered to be expressions of ideas – books, paintings, songs, movies, and computer programs are examples of copyrights.
Patents: A patent is a right, granted by the government, to exclude others from making, using, or selling your invention. Patents protect inventions such as new processes, machines, or chemicals. The central idea is that patents protect “ideas”, not just “expressions” of them. The main effect of patents is to give their holders the right to challenge any use of the invention by a third party.
Trademarks: Trademark is typically a name, word, phrase, logo, symbol, design, image or a combination of these elements. A trademark is a sign that you can use to distinguish your business’ goods or services from those of other traders. Through a registered trade mark, you can protect your brand (or “mark”) by restricting other people from using its name or logo.
Trade Secrets: Broadly speaking, any confidential business information which provides an enterprise a competitive edge may be considered a trade secret. Trade secrets encompass manufacturing or industrial secrets and commercial secrets. The unauthorized use of such information by persons other than the holder is regarded as an unfair practice and a violation of the trade secret.
IncorrectCopyright: Copyrights protect the “expression of ideas”. Artistic works are generally considered to be expressions of ideas – books, paintings, songs, movies, and computer programs are examples of copyrights.
Patents: A patent is a right, granted by the government, to exclude others from making, using, or selling your invention. Patents protect inventions such as new processes, machines, or chemicals. The central idea is that patents protect “ideas”, not just “expressions” of them. The main effect of patents is to give their holders the right to challenge any use of the invention by a third party.
Trademarks: Trademark is typically a name, word, phrase, logo, symbol, design, image or a combination of these elements. A trademark is a sign that you can use to distinguish your business’ goods or services from those of other traders. Through a registered trade mark, you can protect your brand (or “mark”) by restricting other people from using its name or logo.
Trade Secrets: Broadly speaking, any confidential business information which provides an enterprise a competitive edge may be considered a trade secret. Trade secrets encompass manufacturing or industrial secrets and commercial secrets. The unauthorized use of such information by persons other than the holder is regarded as an unfair practice and a violation of the trade secret.
- Question 3 of 5
3. Question
Who among the following is the chairman of Financial Stability and Development Council (FSDC)?
CorrectThe Chairman of the FSDC is the Finance Minister of India and its members include the heads of the financial sector regulatory authorities (i.e., SEBI, IRDA, RBI, PFRDA and FMC) , Finance Secretary and/or Secretary, Department of Economic Affairs (Ministry of Finance), Secretary, (Department of Financial Services, Ministry of Finance) and the Chief Economic Adviser.
IncorrectThe Chairman of the FSDC is the Finance Minister of India and its members include the heads of the financial sector regulatory authorities (i.e., SEBI, IRDA, RBI, PFRDA and FMC) , Finance Secretary and/or Secretary, Department of Economic Affairs (Ministry of Finance), Secretary, (Department of Financial Services, Ministry of Finance) and the Chief Economic Adviser.
- Question 4 of 5
4. Question
Consider the following statements with reference to Money Market:
1) It is a segment of the financial market in which financial instruments with high liquidity and medium and long term maturities (more than one year) are traded.
2) Repos and Certificate of Deposit are examples of money market instruments.
Which of the following statements is/are correct?CorrectMoney Market: A segment of the financial market in which financial instruments with high liquidity and very short maturities (less than one year) are traded. Money market instruments are basically debt instruments and include Call money, Repos, Treasury Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO). The players who can trade in the money market are financial institutions, commercial banks, central banks and highly rated corporate/companies. These markets are less risky. Money Market can also be classified as primary and secondary.
IncorrectMoney Market: A segment of the financial market in which financial instruments with high liquidity and very short maturities (less than one year) are traded. Money market instruments are basically debt instruments and include Call money, Repos, Treasury Bills, Cash Management Bills, Commercial Paper, Certificate of Deposit and Collateralized Borrowing and Lending Obligations (CBLO). The players who can trade in the money market are financial institutions, commercial banks, central banks and highly rated corporate/companies. These markets are less risky. Money Market can also be classified as primary and secondary.
- Question 5 of 5
5. Question
Which among the following statement is correct?
CorrectRBI’s sources of Income and Economic Capital Framework
The following are the various sources of income of RBI:
• The Foreign Currency Assets (FCA) are around 90% of the Forex reserves. This FCA RBI has invested in US govt. bonds and it earns interest on that. It has also deposited some FCA with other Central Banks.
• When RBI purchase Indian Govt. bonds from the OMO, then it earns interest on the holding of govt bonds/securities
• Lending at Repo rate to banks
• RBI acts as ‘Debt Manager’ of Central Govt and State Govt for which it gets commission/income.
• SeigniorageIncorrectRBI’s sources of Income and Economic Capital Framework
The following are the various sources of income of RBI:
• The Foreign Currency Assets (FCA) are around 90% of the Forex reserves. This FCA RBI has invested in US govt. bonds and it earns interest on that. It has also deposited some FCA with other Central Banks.
• When RBI purchase Indian Govt. bonds from the OMO, then it earns interest on the holding of govt bonds/securities
• Lending at Repo rate to banks
• RBI acts as ‘Debt Manager’ of Central Govt and State Govt for which it gets commission/income.
• Seigniorage
