THE INDIAN EXPRESS MCQ Questions

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By admin February 28, 2019 12:28

THE INDIAN EXPRESS MCQ Questions

Question 1: What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR)’ announced by RBI?

1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.

2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.

Select the correct answer using the code given below.

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: (c)

Both are correct

Marginal Cost of funds based Lending Rate (MCLR)

It refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI.

It is an internal benchmark or reference rate for the bank. MCLR actually describes the method by which the minimum interest rate for loans is determined by a bank – on the basis of marginal cost or the additional or incremental cost of arranging one more rupee to the prospective borrower.

This new methodology replaces the base rate system introduced in July 2010.

Question 2. With respect to National Pharmaceutical Pricing Authority consider the following statements

  1. NPPA is an organization of the Government of India which was established, inter alia, to fix/ revise the prices of controlled bulk drugs and formulations and to enforce prices and availability of the medicines in the country.
  2. The organization is also entrusted with the task of recovering amounts overcharged by manufacturers for the controlled drugs from the consumers.
  3. It comes under Ministry of Health and family welfare.

Choose the correct answer from the code given below.

  1. 2 only
  2. 1 and 2 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer: (b)

Statement 1 and 2 are correct

National pharmaceutical pricing authority functions are to:

  • fix/revise the controlled bulk drugs prices and formulations,
  • enforce prices and availability of the medicines under the Drugs (Prices Control) Order, 1995/2013,
  • recover amounts overcharged by manufacturers for the controlled drugs from the consumers
  • monitor the prices of decontrolled drugs in order to keep them at reasonable levels.

NPPA fixes ceiling price of essential medicines that are listed in Schedule I of DPCO, 2013.

The calculation of prices cap for essential drugs is based on simple average of all medicines in particular therapeutic segment with sales of more than 1%.

Medicines that are not under price control, manufacturers are allowed to increase the maximum retail price by 10% annually.

Statement 3 is incorrect

NPPA is an independent body under Department of Pharmaceuticals under the Union Ministry of Chemicals and Fertilizers.

Question 3: Which of the following is correct

  1. In order to develop democratic ethos in the younger generation the Ministry of Parliamentary Affairs conducts Youth Parliament Competition in various categories of school and colleges/university.
  2. The Ministry of Parliamentary Affairs organises All India Whips Conference to establish suitable links among the whips of political parties.
  3. The Ministry of Parliamentary Affairs sponsor Government Goodwill Delegation of Members of Parliament to other countries..

Choose the correct answer from the code given below.

  1. 2 only
  2. 1 and 2 only
  3. 2 and 3 only
  4. 1, 2 and 3

Answer: (d)

All are correct

Question 4: Which of the following are the features of the latest Drone regulations issued by the central government:

  1. All drones except nano and those owned by NTRO, ARC and Central Intelligence Agencies are to be registered and issued with Unique Identification Number (UIN).
  2. The regulation defines “No Drone Zones” around airports;near international border, Vijay Chowk in Delhi; State Secretariat Complex in State Capitals, strategic locations/vital and military installations; etc.
  3.  For flying in controlled Airspace, filing of flight plan and obtaining Air Defence Clearance (ADC) /Flight Information Centre (FIC) number shall be necessary along with Minimum manufacturing standards and training requirements of Remote Pilots.

Choose the correct answer from the code given below.

  1. 1 only
  2. 1 and 2 only
  3. 2 and 3 only
  4. 1, 2 and 3

Answer: (d)

Question 5: Consider the statements regarding Ayushman Bharat — National Health Protection Mission’ (AB-NHPM).

  1. AB-NHPM will subsume existing Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS)
  2. Every citizen is eligible under this scheme.

Choose the correct answer from the code given below.

  1. 1 only
  2. 1 and 2 only
  3. 2 only
  4. Neither of the above

Answer: (a)

Statement 1 is correct

Statement 2 is wrong as every citizen is not covered.beneficiary would be decided on basis of SECC

•This scheme has the benefit cover of Rs. 5 lakh per family per year. The target beneficiaries of the proposed scheme will be more than 10 crore families belonging to poor and vulnerable population based on SECC database.

•The Rs. 5 lakh per family a year cover will take care of almost all secondary care and most of tertiary care procedures. To ensure that nobody is left out (especially women, children and elderly) there will be no cap on family size and age in the scheme.

•The benefit cover will also include pre- and post-hospitalisation expenses.

•All pre-existing conditions will be covered from day one of the policy.

•A defined transport allowance per hospitalisation will also be paid to the beneficiary.

•Also, benefits of the scheme are portable across the country and a beneficiary covered under the scheme will be allowed to take cashless benefits from any public/private empanelled hospital across the country.

•AB-NHPM will be an entitlement based scheme with entitlement decided on the basis of deprivation criteria in the SECC database

Question 6: Sampriti Exercise is conducted between which of the following countries

  1. India and China
  2. India and Nepal
  3. India and SriLanka
  4. India and Bangladesh

Choose the correct answer from the code given above

Answer: (d)

As part of the ongoing India Bangladesh defence cooperation, a joint military exercise Sampriti-2019 will be conducted at Tangail, Bangladesh from 02 March to 15 March 2019.  Exercise Sampriti-2019 is an important bilateral defence cooperation endeavour between India and Bangladesh and this will be the eighth edition of the exercise which is hosted alternately by both countries.

The exercise is aimed to strengthen and broaden the aspects of interoperability and cooperation between the Indian and Bangladesh Armies.  The exercise will involve tactical level operations in a counter insurgency and counter terrorism environment under the UN mandate.

In addition to understanding each other in tactical level operations, emphasis will also be laid for greater cultural understanding to strengthen military trust and cooperation between the two nations.

Question 7: Namami Gange Programme envisages which of the following?

1. River Surface Cleaning and Sewerage Treatment Infrastructure

2. River Front Development and Public Awareness

3. Bio-Diversity and Afforestation

Choose the correct answer from the code given below.

  1. 2 only
  2. 1 and 2 only
  3. 1 and 3 only
  4. 1.2 and 3

Answer: (d)

Question 8: Recently in news, Geneva Convention is related to

  1. Global warming
  2. Prisoners of war(POW)
  3. Ozone layer
  4. Nuclear weapons

Choose the correct answer from the code given below.

  1. 2
  2. 1
  3. 3
  4. 4

Answer: (a)

The Geneva Convention (1929) was signed at Geneva, July 27, 1929. Its official name is the Convention relative to the Treatment of Prisoners of War, Geneva July 27, 1929. It entered into force 19 June 1931.It is this version of the Geneva Conventions which covered the treatment of prisoners of war during World War II. It is the predecessor of the Third Geneva Convention signed in 1949.

Question 9: Which of the following is not a type of alternative dispute resolution?

  1. Arbitration.
  2. Court proceedings.
  3. Conciliation.
  4. Mediation.

Answer: (b)

Alternative dispute resolution means resolving disputes by methods other than through the court process. Arbitration, conciliation and mediation are all alternatives methods of resolving disputes.

Question 10: Which of the following is a constitutional body?

  1. National Green tribunal
  2. National commission of Minorities
  3. National commission of Backward classes
  4. National Human rights commission

Choose the correct answer from the code given below?

  1. 1
  2. 2
  3. 3
  4. 4

Answer: (c)

National Commission for Backward Classes is a Constitutional body (123rd constitutional amendment bill 2018 and 102nd amendment in constitution to make it constitutional body) (Article 338B of the Indian Consitution) under India’s Ministry of Social Justice and Empowerment established on 14 August 1993.It was constituted pursuant to the provisions of the National Commission for Backward Classes Act, 1993

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By admin February 28, 2019 12:28