IASbaba Daily Prelims Quiz
UPSC Quiz – 2020: IAS Daily Current Affairs Quiz Day 126
Archives
Important Note
- Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂
Test-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
To view Solutions, follow these instructions:
- Click on – ‘Start Test’ button
- Solve Questions
- Click on ‘Test Summary’ button
- Click on ‘Finish Test’ button
- Now click on ‘View Questions’ button – here you will see solutions and links.
You have already completed the test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the test.
You have to finish following test, to start this test:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have scored 0 points out of 0 points, (0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
‘Mitra Shakti’ is a joint military exercise between India and
Correct
Solution (a)
The Mitra Shakti exercise was started in 2013 and is conducted annually as a part of military diplomacy and interaction between the armies of India and Sri Lanka.
Incorrect
Solution (a)
The Mitra Shakti exercise was started in 2013 and is conducted annually as a part of military diplomacy and interaction between the armies of India and Sri Lanka.
-
Question 2 of 5
2. Question
Consider the following statements with respect to ‘Commercial Paper (CP)’
- CP can be issued in denominations of Rs.1 lakh or multiples thereof.
- Only a scheduled bank can act as an Issuing and Paying Agent (IPA) for issuance of CP.
Select the correct statements
Correct
Solution (b)
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.
CP can be issued in denominations of Rs.5 lakh or multiples thereof.
Only a scheduled bank can act as an IPA for issuance of CP.
Incorrect
Solution (b)
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.
CP can be issued in denominations of Rs.5 lakh or multiples thereof.
Only a scheduled bank can act as an IPA for issuance of CP.
-
Question 3 of 5
3. Question
Consider the following statements with respect to ‘Code for Responsible Lending (CRL)’
- It was launched by Microfinance Institutions Network (MFIN) and Sa-Dhan along with FIDC.
- The code bars lending to a borrower whose loan has turned non-performing.
Select the correct statements
Correct
Solution (c)
Three self-regulatory organisations jointly released a code for responsible lending for the micro-credit industry with an aim at bringing more transparency and address customer-centric issues.
The Code for Responsible Lending (CRL) was launched by Microfinance Institutions Network (MFIN) and Sa-Dhan along with FIDC.
The code is aimed at keeping indebtedness of poor borrowers under check which would in turn improve the quality of loan assets for lenders. The code bars lending to a borrower whose loan has turned non-performing. No lending will also be allowed without update credit bureau report.
One of the major guidelines in CRL mandates that only three microcredit entities can lend to a client at the same time.
This means that if a client has three active loans from any provider, then a fourth entity will not be able to lend to the client.
Incorrect
Solution (c)
Three self-regulatory organisations jointly released a code for responsible lending for the micro-credit industry with an aim at bringing more transparency and address customer-centric issues.
The Code for Responsible Lending (CRL) was launched by Microfinance Institutions Network (MFIN) and Sa-Dhan along with FIDC.
The code is aimed at keeping indebtedness of poor borrowers under check which would in turn improve the quality of loan assets for lenders. The code bars lending to a borrower whose loan has turned non-performing. No lending will also be allowed without update credit bureau report.
One of the major guidelines in CRL mandates that only three microcredit entities can lend to a client at the same time.
This means that if a client has three active loans from any provider, then a fourth entity will not be able to lend to the client.
-
Question 4 of 5
4. Question
Consider the following statements
- A microfinance customer is a person who has annual household income of Rs 1 lakh in rural areas and Rs 1.6 lakh in urban areas.
- Microfinance in India is governed by SEBI and SIDBI.
Select the correct statements
Correct
Solution (a)
Reserve Bank of India defines a microfinance customer as a person who has annual household income of Rs 1 lakh in rural India and Rs 1.6 lakh in urban India.
MFIN is a primary representative body and the Self-Regulatory Organization (SRO) for Non Banking Finance Companies (NBFC) Microfinance Institutions (MFIs) regulated by the Reserve Bank of India (RBI).
Incorrect
Solution (a)
Reserve Bank of India defines a microfinance customer as a person who has annual household income of Rs 1 lakh in rural India and Rs 1.6 lakh in urban India.
MFIN is a primary representative body and the Self-Regulatory Organization (SRO) for Non Banking Finance Companies (NBFC) Microfinance Institutions (MFIs) regulated by the Reserve Bank of India (RBI).
-
Question 5 of 5
5. Question
The ‘Marakkar’ community is associated with which of the following regions?
Correct
Solution (d)
Marakkar/Marrikkar is a South Asian Muslim community found in parts of Tamil Nadu (the Palk Strait)/Kerala in India and in Sri Lanka. The Marakkars speak Tamil in Tamil Nadu and Sri Lanka, and Malayalam in Kerala.
THINK!
- Kulasekharapatnam
Incorrect
Solution (d)
Marakkar/Marrikkar is a South Asian Muslim community found in parts of Tamil Nadu (the Palk Strait)/Kerala in India and in Sri Lanka. The Marakkars speak Tamil in Tamil Nadu and Sri Lanka, and Malayalam in Kerala.
THINK!
- Kulasekharapatnam
