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Question 1 of 5
1. Question
1 points
Which of the following statement with respect to the Chandrayan-4 mission is not correct?
Correct
Answer: D
Explanation:
Statement (d) is incorrect:The Indian Space Research Organisation (ISRO) and the Japan Aerospace Exploration Agency (JAXA) are planning a collaborative lunar mission called the Lunar Polar Exploration Mission (LUPEX), also known as Chandrayaan-4. No sooner than 2026, the project would send an unmanned lunar lander and rover to investigate the area around the Moon’s south pole. The rover and the H3 launch vehicle, which is still under construction, are likely to be provided by JAXA, but the lander would be supplied by ISRO. Chandrayaan-4 Mission’s main goal is to examine the lunar poles for the presence of water and its possible utility. Chandrayaan-4, which is supposed to bring back samples from the Moon,would not be launched at one go and instead, different parts of the spacecraft would be sent into orbit through two launches, and the spacecraft would be assembled in space before proceeding to the Moon. Docking of spacecraft modules on the return journey from Moon is a fairly routine manoeuvre. However, it would be the first instance of docking of modules in Earth orbit for the onward journey to the Moon. ISRO has so far not had any need to carry out a docking operation in space.
Incorrect
Answer: D
Explanation:
Statement (d) is incorrect:The Indian Space Research Organisation (ISRO) and the Japan Aerospace Exploration Agency (JAXA) are planning a collaborative lunar mission called the Lunar Polar Exploration Mission (LUPEX), also known as Chandrayaan-4. No sooner than 2026, the project would send an unmanned lunar lander and rover to investigate the area around the Moon’s south pole. The rover and the H3 launch vehicle, which is still under construction, are likely to be provided by JAXA, but the lander would be supplied by ISRO. Chandrayaan-4 Mission’s main goal is to examine the lunar poles for the presence of water and its possible utility. Chandrayaan-4, which is supposed to bring back samples from the Moon,would not be launched at one go and instead, different parts of the spacecraft would be sent into orbit through two launches, and the spacecraft would be assembled in space before proceeding to the Moon. Docking of spacecraft modules on the return journey from Moon is a fairly routine manoeuvre. However, it would be the first instance of docking of modules in Earth orbit for the onward journey to the Moon. ISRO has so far not had any need to carry out a docking operation in space.
Question 2 of 5
2. Question
1 points
Consider the following statements:
JP Morgan emerging bond index includes both Government Bond Index-Emerging Markets and the Corporate Emerging Markets Bond Index.
For the inclusion in the index, eligible instruments are required to have notional outstanding above $1 million and at least 5 years remaining maturity.
Indian Government Bonds (IGBs) are included in the JP Morgan’s emerging markets bond indices.
Which of the statements given above is/are correct?
Correct
Answer: C
Explanation:
Statement 1 is correct: The JP Morgan Emerging Market Bond Index is the most widely referenced index for emerging market bonds. It was created in the early 1990s and has grown over time to include the Government Bond Index-Emerging Markets and the Corporate Emerging Markets Bond Index.
Statement 2 is incorrect while Statement 3 is correct: As per the index inclusion criteria, eligible instruments are required to have notional outstanding above $1 billion (equivalent) and at least 2.5 years remaining maturity. In September last year, JP Morgan had announced that it would include IGBs to its emerging markets bond index from June 2024. Only IGBs designated under the Fully Accessible Route (FAR) are index-eligible. According to estimates by some economists, India is likely to receive $2 billion to $2.5 billion every month during the 10-month period starting June 28. The move will not only result in lower risk premia, but will also help India to finance its fiscal and current account deficit (CAD), as well as enhance the liquidity and ownership base of government securities (G-secs; debt instruments issued by the central government to meet its fiscal needs). While higher inflows will boost the rupee, inflation is likely to come under pressure. When the RBI mops up dollars from the market, it will have to release an equivalent amount in rupees, putting pressure on inflation.
Incorrect
Answer: C
Explanation:
Statement 1 is correct: The JP Morgan Emerging Market Bond Index is the most widely referenced index for emerging market bonds. It was created in the early 1990s and has grown over time to include the Government Bond Index-Emerging Markets and the Corporate Emerging Markets Bond Index.
Statement 2 is incorrect while Statement 3 is correct: As per the index inclusion criteria, eligible instruments are required to have notional outstanding above $1 billion (equivalent) and at least 2.5 years remaining maturity. In September last year, JP Morgan had announced that it would include IGBs to its emerging markets bond index from June 2024. Only IGBs designated under the Fully Accessible Route (FAR) are index-eligible. According to estimates by some economists, India is likely to receive $2 billion to $2.5 billion every month during the 10-month period starting June 28. The move will not only result in lower risk premia, but will also help India to finance its fiscal and current account deficit (CAD), as well as enhance the liquidity and ownership base of government securities (G-secs; debt instruments issued by the central government to meet its fiscal needs). While higher inflows will boost the rupee, inflation is likely to come under pressure. When the RBI mops up dollars from the market, it will have to release an equivalent amount in rupees, putting pressure on inflation.
Question 3 of 5
3. Question
1 points
Consider the following statements with respect to the President’s address to the Parliament of India:
The President of India addresses both the Rajya Sabha and the Lok Sabha at the beginning of the first Session after each general election.
The President addresses both the houses at beginning of the first session of each year.
The President’s address can only be debated in the Loksabha and not in RajyaSabha.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
Statements 1 and 2 are correct:Article 87 of the constitution provides two instances when the President specially addresses both Houses of Parliament. The President of India addresses both the Rajya Sabha and the Lok Sabha at the beginning of the first Session after each general election when the reconstituted lower house meets for the first time. The President also addresses both the houses at beginning of the first session of each year. The President’s speech essentially highlights the government’s policy priorities and plans for the upcoming year. The address provides a broad framework of the government’s agenda and direction.
Statement 3 is incorrect: The President’s address, similar to Britain’s ‘speech from the Throne,’ is debated in both Houses of Parliament through a procedure known as the ‘Motion of Thanks.’. The Motion of Thanks is a formal procedure in parliament where a motion is proposed to express gratitude or appreciation for the President’s Address to both Houses of Parliament.The Motion of Thanks must be approved by the House; failure to pass it is considered a defeat for the government and can indicate a lack of confidence from the Lok Sabha.
Incorrect
Answer: A
Explanation:
Statements 1 and 2 are correct:Article 87 of the constitution provides two instances when the President specially addresses both Houses of Parliament. The President of India addresses both the Rajya Sabha and the Lok Sabha at the beginning of the first Session after each general election when the reconstituted lower house meets for the first time. The President also addresses both the houses at beginning of the first session of each year. The President’s speech essentially highlights the government’s policy priorities and plans for the upcoming year. The address provides a broad framework of the government’s agenda and direction.
Statement 3 is incorrect: The President’s address, similar to Britain’s ‘speech from the Throne,’ is debated in both Houses of Parliament through a procedure known as the ‘Motion of Thanks.’. The Motion of Thanks is a formal procedure in parliament where a motion is proposed to express gratitude or appreciation for the President’s Address to both Houses of Parliament.The Motion of Thanks must be approved by the House; failure to pass it is considered a defeat for the government and can indicate a lack of confidence from the Lok Sabha.
Question 4 of 5
4. Question
1 points
With reference toIndia Deoria Tal, Ghepang ghat, Gurudongmar and Rupin are:
Correct
Answer: A
Explanation: ICIMOD or the International Centre for Integrated Mountain Development defines a GLOF as ‘the sudden release of water from a lake fed by glacier melt that has formed at the side, in front, within, beneath, or on the surface of a glacier’.
Option(a) is correct:Glacial lakes emerge in depressions atop glaciers or within moraines created as glaciers recede. These lakes result from glacial erosion shaping the land and subsequent melting, which fills the depressions formed during glacier movement. Deoria Tal is a lake about 3 km from the villages of Mastura and Sari on the Ukhimath-Chopta road in the state of Uttarakhand in India. Recently, ISRO highlighted the significant expansion of the Ghepang Ghat glacial lake in Himachal Pradesh, showing a 178% increase in size between 1989 and 2022. Gepang Gath Lake(one of the biggest Glacial lakes in the Chandra basin) is located in the Western Indian Himalaya. Rupin lake is another glacial lake in Himachal near Rupin pass. Gurudongmar Lake is one of the highest lakes in the world and in India, located at an altitude of 5,425 m (17,800 ft), in Sikkim.
Incorrect
Answer: A
Explanation: ICIMOD or the International Centre for Integrated Mountain Development defines a GLOF as ‘the sudden release of water from a lake fed by glacier melt that has formed at the side, in front, within, beneath, or on the surface of a glacier’.
Option(a) is correct:Glacial lakes emerge in depressions atop glaciers or within moraines created as glaciers recede. These lakes result from glacial erosion shaping the land and subsequent melting, which fills the depressions formed during glacier movement. Deoria Tal is a lake about 3 km from the villages of Mastura and Sari on the Ukhimath-Chopta road in the state of Uttarakhand in India. Recently, ISRO highlighted the significant expansion of the Ghepang Ghat glacial lake in Himachal Pradesh, showing a 178% increase in size between 1989 and 2022. Gepang Gath Lake(one of the biggest Glacial lakes in the Chandra basin) is located in the Western Indian Himalaya. Rupin lake is another glacial lake in Himachal near Rupin pass. Gurudongmar Lake is one of the highest lakes in the world and in India, located at an altitude of 5,425 m (17,800 ft), in Sikkim.
Question 5 of 5
5. Question
1 points
Consider the following statements with respect to the Micro, Small, and Medium-Sized Enterprises (MSMEs):
Small Enterprises are those with Investment in Plant and Machinery or Equipment of not more than Rs.50 crore.
All bank loans to the MSMEs qualify under the priority sector.
MSMEs account for 90% of businesses and 50% of GDP worldwide.
Which of the statements given above is/are correct?
Correct
Answer: B
Explanation:
Statement 1 is incorrect:
CLASSIFICATION
MICRO
SMALL
MEDIUM
Manufacturing Enterprises and Enterprises rendering Services
Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore
Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore
Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore
Statement 2 is correct: The Government has taken measures for easing access to credit for MSMEs. As reported by Reserve Bank of India (RBI) some of the measures taken by RBI for improving flow of credit to MSME sector are as under:
Priority Sector Lending Guidelines:In terms of Master Direction on ‘Priority Sector Lending (PSL) ,all bank loans to MSMEs qualify for classification under priority sector lending.
Collateral requirements of MSME units:Scheduled Commercial Banks have been mandated not to accept collateral security in the case of loans up to ₹10 lakh extended to units in the MSE sector.
Trade Receivables Discounting System (TReDS): In order to address the problem of delayed payments to MSMEs, RBI has issued guidelines for setting up and operating Trade Receivables Discounting System (TReDS). The scheme facilitates the financing of trade receivables of MSMEs from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers electronically.
Statement 3 is correct: MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide.The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day”The theme for Micro, Small, and Medium-Sized Enterprises (MSMEs) Day 2024 is “Leveraging the Power and Resilience of MSMEs to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises.”.
Incorrect
Answer: B
Explanation:
Statement 1 is incorrect:
CLASSIFICATION
MICRO
SMALL
MEDIUM
Manufacturing Enterprises and Enterprises rendering Services
Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore
Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore
Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore
Statement 2 is correct: The Government has taken measures for easing access to credit for MSMEs. As reported by Reserve Bank of India (RBI) some of the measures taken by RBI for improving flow of credit to MSME sector are as under:
Priority Sector Lending Guidelines:In terms of Master Direction on ‘Priority Sector Lending (PSL) ,all bank loans to MSMEs qualify for classification under priority sector lending.
Collateral requirements of MSME units:Scheduled Commercial Banks have been mandated not to accept collateral security in the case of loans up to ₹10 lakh extended to units in the MSE sector.
Trade Receivables Discounting System (TReDS): In order to address the problem of delayed payments to MSMEs, RBI has issued guidelines for setting up and operating Trade Receivables Discounting System (TReDS). The scheme facilitates the financing of trade receivables of MSMEs from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers electronically.
Statement 3 is correct: MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide.The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day”The theme for Micro, Small, and Medium-Sized Enterprises (MSMEs) Day 2024 is “Leveraging the Power and Resilience of MSMEs to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises.”.
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