IASbaba Daily Prelims Quiz
UPSC Quiz – 2020: IAS Daily Current Affairs Quiz Day 87
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Question 1 of 5
1. Question
Consider the following statements with respect to ‘Pattinappaalai’
- It was written by the poet Uruttiragannanar in praise of the Chola king Karikala.
- It was written in the Sangam Period.
Select the correct statements
Correct
Solution (c)
Pattinappaalai (Romanized: Paṭṭiṉap Pālai, meaning the city and the desert) is a Tamil poetic work in the Pathinenmaelkanakku anthology of Tamil literature, belonging to the Sangam period corresponding to between 100 BCE – 100 CE. Pattinappaalai is part of the Pattupattu collection, which is the oldest available collection of long poems in Tamil literature. Pattinappaalai contains 301 lines of poetry in the akaval meter. Pattinappaalai was written by the poet Uruttiragannanar in praise of the Chola king Karikala. Pattinappaalai poems belong to the Akam, or subjective themes of love and human relationships and utilises the location of the story to sing praises of the ruler.
Source: https://www.thehindu.com/news/cities/chennai/mamallapurams-chinese-links-set-to-give-a-fillip-to-modi-xi-summit/article29614719.ece
Incorrect
Solution (c)
Pattinappaalai (Romanized: Paṭṭiṉap Pālai, meaning the city and the desert) is a Tamil poetic work in the Pathinenmaelkanakku anthology of Tamil literature, belonging to the Sangam period corresponding to between 100 BCE – 100 CE. Pattinappaalai is part of the Pattupattu collection, which is the oldest available collection of long poems in Tamil literature. Pattinappaalai contains 301 lines of poetry in the akaval meter. Pattinappaalai was written by the poet Uruttiragannanar in praise of the Chola king Karikala. Pattinappaalai poems belong to the Akam, or subjective themes of love and human relationships and utilises the location of the story to sing praises of the ruler.
Source: https://www.thehindu.com/news/cities/chennai/mamallapurams-chinese-links-set-to-give-a-fillip-to-modi-xi-summit/article29614719.ece
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Question 2 of 5
2. Question
Consider the following statements with respect to ‘Financial Action Task Force (FATF)’
- All United Nations members are members of the FATF.
- It is a policy-making body which works to generate the necessary political will to bring about national legislative and regulatory reforms in areas of money laundering, terrorist financing and other related threats to the integrity of the international financial system.
Select the correct statements
Correct
Solution (b)
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
The FATF currently comprises 37 member jurisdictions and 2 regional organisations, representing most major financial centres in all parts of the globe.
Incorrect
Solution (b)
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
The FATF currently comprises 37 member jurisdictions and 2 regional organisations, representing most major financial centres in all parts of the globe.
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Question 3 of 5
3. Question
‘Automatic Information Exchange Pact’ was in news in the context of India and which of the following countries?
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Question 4 of 5
4. Question
Consider the following statements with respect to ‘P-Notes’
- They are offshore derivative instruments with Indian shares as underlying assets.
- Only Foreign Portfolio Investors (FPIs) located in FATF countries or managed by an enterprise based under FATF jurisdiction can deal in Participatory Notes.
Select the correct statements
Correct
Solution (c)
The Securities and Exchange Board of India (SEBI) notified that only FPIs – Foreign Portfolio Investors located in FATF countries or managed by an enterprise based under FATF jurisdiction can deal in Participatory Notes.
Participatory Notes are financial instruments required by investors to invest in Indian stock markets without being registered with SEBI.
Participatory notes are offshore derivative instruments with Indian shares as underlying assets. Brokers and foreign institutional investors registered with the Securities and Exchange Board of India (SEBI) issue the participatory notes and invest on behalf of the foreign investors. Brokers must report their participatory note issuance status to the regulatory board each quarter. The notes allow foreign investors with high net worth, hedge funds, and other investors, to participate in the Indian markets without registering with the SEBI. Investors save time, money and scrutiny associated with direct registration.
Read More – https://www.investopedia.com/terms/p/participatorynotes.asp
Source: https://economictimes.indiatimes.com/markets/stocks/news/sebis-fpi-rules-may-leave-mauritius-at-sea/articleshow/71486078.cms?from=mdr
Incorrect
Solution (c)
The Securities and Exchange Board of India (SEBI) notified that only FPIs – Foreign Portfolio Investors located in FATF countries or managed by an enterprise based under FATF jurisdiction can deal in Participatory Notes.
Participatory Notes are financial instruments required by investors to invest in Indian stock markets without being registered with SEBI.
Participatory notes are offshore derivative instruments with Indian shares as underlying assets. Brokers and foreign institutional investors registered with the Securities and Exchange Board of India (SEBI) issue the participatory notes and invest on behalf of the foreign investors. Brokers must report their participatory note issuance status to the regulatory board each quarter. The notes allow foreign investors with high net worth, hedge funds, and other investors, to participate in the Indian markets without registering with the SEBI. Investors save time, money and scrutiny associated with direct registration.
Read More – https://www.investopedia.com/terms/p/participatorynotes.asp
Source: https://economictimes.indiatimes.com/markets/stocks/news/sebis-fpi-rules-may-leave-mauritius-at-sea/articleshow/71486078.cms?from=mdr
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Question 5 of 5
5. Question
‘HR Khan Committee’ is concerned with
Correct
Solution (a)
The committee was formed by SEBI under the chairmanship of HR Khan, former deputy governor of RBI, to suggest measures for revitalizing and streamlining FPIs.
Incorrect
Solution (a)
The committee was formed by SEBI under the chairmanship of HR Khan, former deputy governor of RBI, to suggest measures for revitalizing and streamlining FPIs.
