Daily Quiz 26 August 2024
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Question 1 of 5
1. Question
1 pointsConsider the following statements with respect to the Population census:
The Census of India Act of 1948 provides the legal basis of the census but doesnot specify the timing or frequency of the census.
The Office of the Registrar General and Census Commissioner, under the Ministry of Home Affairs, conducts the decennial census.
The 2011 census marked the 15th Census of Independent India with the President of India enumerated as the first citizen.Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct: The Census of India Act of 1948 provides the legal basis for conducting the census. However, the Act does not specify the timing or frequency of the census. The 2011 census was the most recent, with the subsequent one scheduled for 2021 postponed due to the COVID-19 pandemic.
- Statement 2 is correct: The Office of the Registrar General and Census Commissioner, under the Ministry of Home Affairs, conducts the decennial census. Prior to 1951, the Census Organisation was established on an ad-hoc basis for each census.
- Statement 3 is incorrect: The Census of India 2011 was conducted in two stages: House listing & Housing Census from April to September 2010, and Population Enumeration from 9th to 28 February 2011. It marked the 15th Census of India and the 7th Census of Independent India, commencing on 1st April 2010, with the President of India being the first citizen enumerated, followed by the Vice President. The slogan for the census was ‘Our Census, Our Future’
Incorrect
Answer: A
Explanation:
- Statement 1 is correct: The Census of India Act of 1948 provides the legal basis for conducting the census. However, the Act does not specify the timing or frequency of the census. The 2011 census was the most recent, with the subsequent one scheduled for 2021 postponed due to the COVID-19 pandemic.
- Statement 2 is correct: The Office of the Registrar General and Census Commissioner, under the Ministry of Home Affairs, conducts the decennial census. Prior to 1951, the Census Organisation was established on an ad-hoc basis for each census.
- Statement 3 is incorrect: The Census of India 2011 was conducted in two stages: House listing & Housing Census from April to September 2010, and Population Enumeration from 9th to 28 February 2011. It marked the 15th Census of India and the 7th Census of Independent India, commencing on 1st April 2010, with the President of India being the first citizen enumerated, followed by the Vice President. The slogan for the census was ‘Our Census, Our Future’
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Question 2 of 5
2. Question
1 pointsConsider the following statements with respect to the recently approved Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0:
- It covers all statutory towns as per census 2011, except notified development areas under the jurisdiction of Industrial Development Authority.
- Under Beneficiary led construction (BLC), financial assistance will be provided to individual families belonging to EWS categories to construct houses on their own vacant land.
Which of the statements given above is/are correct?
Correct
Answer: B
Explanation: PMAY-U is one of the major flagship programmes being implemented by Government of India to provide all-weather pucca houses to all eligible beneficiaries in the urban areas.
- Statement 1 is incorrect: Families belonging to EWS/LIG/Middle Income Group (MIG) segments having no pucca house anywhere in the country are eligible to purchase or construct a house under PMAY-U 2.0.All statutory towns as per Census 2011 and towns notified subsequently, including Notified Planning Areas, Areas falling within Notified Planning/Development area under the jurisdiction of Industrial Development Authority/Special Area Development Authority/Urban Development Authority or any such Authority under State legislation which is entrusted with the functions of urban planning and regulations shall also be included for the coverage under PMAY-U 2.0.
- Statement 2 is correct: The Scheme seeks to address the affordable housing requirement in urban areas through following verticals:
- Beneficiary-Led Construction (BLC): Under this vertical, financial assistance will be provided to individual eligible families belonging to EWS categories to construct new houses on their own available vacant land. In case of landless beneficiaries, land rights (pattas)may be provided by States/UTs.
- Affordable Housing in Partnership (AHP): Under AHP, financial assistance will be provided to EWS beneficiaries for owning houses being built with different partnerships by States/UTs/ Cities/Public/Private agencies.
- Affordable Rental Housing (ARH): This vertical will create adequate rental housing for working women/industrial workers/ urban migrants/homeless/destitute /studentsand other eligible beneficiaries.
- Interest Subsidy Scheme(ISS): The ISS vertical will provide benefits of subsidy on home loans for EWS/LIG and MIG families.
The cost of house construction under different verticals, except for ISS, shall be shared among Ministry, State/UT/ULB and identified eligible beneficiaries.
Incorrect
Answer: B
Explanation: PMAY-U is one of the major flagship programmes being implemented by Government of India to provide all-weather pucca houses to all eligible beneficiaries in the urban areas.
- Statement 1 is incorrect: Families belonging to EWS/LIG/Middle Income Group (MIG) segments having no pucca house anywhere in the country are eligible to purchase or construct a house under PMAY-U 2.0.All statutory towns as per Census 2011 and towns notified subsequently, including Notified Planning Areas, Areas falling within Notified Planning/Development area under the jurisdiction of Industrial Development Authority/Special Area Development Authority/Urban Development Authority or any such Authority under State legislation which is entrusted with the functions of urban planning and regulations shall also be included for the coverage under PMAY-U 2.0.
- Statement 2 is correct: The Scheme seeks to address the affordable housing requirement in urban areas through following verticals:
- Beneficiary-Led Construction (BLC): Under this vertical, financial assistance will be provided to individual eligible families belonging to EWS categories to construct new houses on their own available vacant land. In case of landless beneficiaries, land rights (pattas)may be provided by States/UTs.
- Affordable Housing in Partnership (AHP): Under AHP, financial assistance will be provided to EWS beneficiaries for owning houses being built with different partnerships by States/UTs/ Cities/Public/Private agencies.
- Affordable Rental Housing (ARH): This vertical will create adequate rental housing for working women/industrial workers/ urban migrants/homeless/destitute /studentsand other eligible beneficiaries.
- Interest Subsidy Scheme(ISS): The ISS vertical will provide benefits of subsidy on home loans for EWS/LIG and MIG families.
The cost of house construction under different verticals, except for ISS, shall be shared among Ministry, State/UT/ULB and identified eligible beneficiaries.
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Question 3 of 5
3. Question
1 pointsConsider the following statements with respect to Biofortification:
- It aims to increase nutrient levels in crops during plant growth and through manual means during the processing of the crop and crop product.
- It can be achieved through conventional breeding as well biotechnology-based approaches like genetic engineering.
- Biofortification can result in change in color of the crop or crop product.
Which of the statements given above is/are correct?
Correct
Answer: B
Explanation: Prime Minister Narendra Modi released 109 high-yielding, climate-resilient, and biofortified seed varieties of agricultural and horticultural crops.
- Statement 1 is incorrect: Biofortification aims to increase nutrient levels in crops during plant growth rather than through manual means during the processing of the crops. Fortification is the practice of deliberately increasing the content of one or more micronutrients (vitamins and minerals) in a food or condiment to improve the nutritional quality of the food supply. Fortification and biofortificationare food enrichment technologies that differ in their approach; where in the former, fortificants are added directly to the food during processing, but the latter involves fortification at the production level of the food.
- Statement 2 is correct: Biofortification is the process by which the nutrient density of food crops is increased through conventional plant breeding, and/or improved agronomic practices and/or modern biotechnology without sacrificing any characteristic that is preferred by consumers or most importantly to farmers
- Statement 3 is correct: Provitamin A carotenoids impart colour to foods; therefore, biofortification with these carotenoids will change the colour of crops. Eg. Golden Rice is a new type of rice that contains beta carotene (provitamin A, a plant pigment that the body converts into vitamin A as needed). This compound is what gives this grain its yellow-orange or golden color.
Incorrect
Answer: B
Explanation: Prime Minister Narendra Modi released 109 high-yielding, climate-resilient, and biofortified seed varieties of agricultural and horticultural crops.
- Statement 1 is incorrect: Biofortification aims to increase nutrient levels in crops during plant growth rather than through manual means during the processing of the crops. Fortification is the practice of deliberately increasing the content of one or more micronutrients (vitamins and minerals) in a food or condiment to improve the nutritional quality of the food supply. Fortification and biofortificationare food enrichment technologies that differ in their approach; where in the former, fortificants are added directly to the food during processing, but the latter involves fortification at the production level of the food.
- Statement 2 is correct: Biofortification is the process by which the nutrient density of food crops is increased through conventional plant breeding, and/or improved agronomic practices and/or modern biotechnology without sacrificing any characteristic that is preferred by consumers or most importantly to farmers
- Statement 3 is correct: Provitamin A carotenoids impart colour to foods; therefore, biofortification with these carotenoids will change the colour of crops. Eg. Golden Rice is a new type of rice that contains beta carotene (provitamin A, a plant pigment that the body converts into vitamin A as needed). This compound is what gives this grain its yellow-orange or golden color.
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Question 4 of 5
4. Question
1 pointsWhich of the following best describes a trading strategy when an investor borrows a security and sells it on the open market, planning to repurchase later for less money?
Correct
Answer: A
Explanation:
Option (a) is correct: Short selling is a trading strategy where investors speculate on a stock’s decline. Short selling occurs when an investor borrows a security and sells it on the open market, planning to repurchase later for less money. Short sellers bet on and profit from, a drop in a security’s price. Naked shorting is the illegal practice of selling short shares that have not yet been determined to exist or that the trader hasn’t secured in some way. The process of simultaneous buying and selling of an asset from different platforms is called arbitrage. A put option gives you the right, but not the obligation, to sell a stock at a specific price (known as the strike price) by a specific time, at the option’s expiration.
Incorrect
Answer: A
Explanation:
Option (a) is correct: Short selling is a trading strategy where investors speculate on a stock’s decline. Short selling occurs when an investor borrows a security and sells it on the open market, planning to repurchase later for less money. Short sellers bet on and profit from, a drop in a security’s price. Naked shorting is the illegal practice of selling short shares that have not yet been determined to exist or that the trader hasn’t secured in some way. The process of simultaneous buying and selling of an asset from different platforms is called arbitrage. A put option gives you the right, but not the obligation, to sell a stock at a specific price (known as the strike price) by a specific time, at the option’s expiration.
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Question 5 of 5
5. Question
1 pointsConsider the following statements with respect to Inflation in an economy:
- Core inflation is the raw inflation figure reported through the Consumer Price Index (CPI).
- Headline inflation is the change in the costs of goods and services but does not include those from the food and energy sectors.
- Headline inflation is more volatile than core inflation.
Which of the statements given above is/are correct?
Correct
Answer: D
Explanation:
- Statements 1 and 2 are incorrect: Headline inflation is the raw inflation figure reported through the Consumer Price Index (CPI). The CPI determines inflation by calculating the prices on a fixed basket of goods. Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.
- Statement 3 is correct: Since the calculation of volatile products stays excluded in core inflation, the amount is more accurate and stable. It stays primarily constant. Headline Inflation keeps changing because of changes in CPI of volatile products. Core inflation is important because it’s used to determine the impact of rising prices on consumer income.
Incorrect
Answer: D
Explanation:
- Statements 1 and 2 are incorrect: Headline inflation is the raw inflation figure reported through the Consumer Price Index (CPI). The CPI determines inflation by calculating the prices on a fixed basket of goods. Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.
- Statement 3 is correct: Since the calculation of volatile products stays excluded in core inflation, the amount is more accurate and stable. It stays primarily constant. Headline Inflation keeps changing because of changes in CPI of volatile products. Core inflation is important because it’s used to determine the impact of rising prices on consumer income.
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