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Question 1 of 5
1. Question
2 points
Which of the following group of Countries represent membership of both G-20 and & ‘East Asia Summit (EAS)’?
Correct
Option (c) is correct
Explanation:
Recently, the Prime Minister attended the 18th East Asia Summit (EAS) in Jakarta, Indonesia.
The EAS, initiated in 2005, consists of 18 participating countries, including the 10 ASEAN member states, Australia, China, India, Japan, New Zealand, Republic of Korea, United States, and the Russian Federation.
Members of G-20: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, South Korea, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, the European Union
The African Union became a full member G-20 Summit in New Delhi.
Objectives of EAS: It focuses on six priority areas: environment and energy, education, finance, global health, natural disaster management, and ASEAN Connectivity.
Incorrect
Option (c) is correct
Explanation:
Recently, the Prime Minister attended the 18th East Asia Summit (EAS) in Jakarta, Indonesia.
The EAS, initiated in 2005, consists of 18 participating countries, including the 10 ASEAN member states, Australia, China, India, Japan, New Zealand, Republic of Korea, United States, and the Russian Federation.
Members of G-20: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, South Korea, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, the European Union
The African Union became a full member G-20 Summit in New Delhi.
Objectives of EAS: It focuses on six priority areas: environment and energy, education, finance, global health, natural disaster management, and ASEAN Connectivity.
Question 2 of 5
2. Question
2 points
The term ‘Etherum, Ripple’ is often seen in news deals with:
Correct
Option (a) is correct
Explanation:
The International Monetary Fund (IMF) and the Financial Stability Board (FSB), released a policy paper, at the request of the Indian G20 Presidency, which recommended against an outright ban on crypto-assets.
Cryptocurrency is a bank-independent digital currency that uses a decentralised technology called blockchain to record and verify transactions in a digital ledger without any third-party interference or central authority monitoring the deal.
For example:Bitcoin, Etherum, Ripple and Litecoin.
The transactions are facilitated by cryptography, and a virtual wallet is used for sending and receiving money to ensure the safety and anonymity of transactions.
The biggest advantage of cryptocurrency is that it’s not owned by a single financial or government entity. This eradicates the monopoly of money and ensures cryptocurrency value isn’t dictated by a central bank or authority.
Incorrect
Option (a) is correct
Explanation:
The International Monetary Fund (IMF) and the Financial Stability Board (FSB), released a policy paper, at the request of the Indian G20 Presidency, which recommended against an outright ban on crypto-assets.
Cryptocurrency is a bank-independent digital currency that uses a decentralised technology called blockchain to record and verify transactions in a digital ledger without any third-party interference or central authority monitoring the deal.
For example:Bitcoin, Etherum, Ripple and Litecoin.
The transactions are facilitated by cryptography, and a virtual wallet is used for sending and receiving money to ensure the safety and anonymity of transactions.
The biggest advantage of cryptocurrency is that it’s not owned by a single financial or government entity. This eradicates the monopoly of money and ensures cryptocurrency value isn’t dictated by a central bank or authority.
Question 3 of 5
3. Question
2 points
Which of the following was the main objective of the Reserve Bank of India to introduce ‘Incremental cash reserve ratio (I-CRR)’?
Correct
Option (b) is correct
Explanation:
The Reserve Bank of India has decided to discontinue the incremental Cash Reserve Ratio (I-CRR) in a phased manner.
The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system.
As per the schedule, the RBI will release the 25 percent of funds maintained by lenders under the I-CRR on September 9. Another 25 per cent of the amount maintained under I-CRR will be released on September 23 and the balance 50 per cent on October 7.
This will mean that banks will have sufficient funds to meet higher credit demand during the upcoming festival season.
Incorrect
Option (b) is correct
Explanation:
The Reserve Bank of India has decided to discontinue the incremental Cash Reserve Ratio (I-CRR) in a phased manner.
The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system.
As per the schedule, the RBI will release the 25 percent of funds maintained by lenders under the I-CRR on September 9. Another 25 per cent of the amount maintained under I-CRR will be released on September 23 and the balance 50 per cent on October 7.
This will mean that banks will have sufficient funds to meet higher credit demand during the upcoming festival season.
Question 4 of 5
4. Question
2 points
Consider the following statements with respect to Sovereign gold bonds (SGBs):
Sovereign gold bonds (SGBs) are issued for a fixed time, which is announced by the State Bank Of India.
The minimum holding is 1 gram, and the maximum is 5 kg per investor per financial year.
Only individuals can invest in the sovereign gold bonds.
Which of the statement/s given above is/are not correct?
Correct
Option d is correct
Explanation:
Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023 under the Sovereign gold bond Scheme.
Sovereign gold bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of the Government of India.
Statement 1 is not correct: SGBs are issued for a fixed time, which is announced by the Reserve Bank of India(RBI).
A holding certificate is given to the investors after purchasing the bond.
Statement 2 is not correct: The minimum holding is 1 gram, and the maximum is 4 kg per investor per financial year.
Statement 3 is not correct: Individuals, as well as the Hindu Undivided Family (HUFs) can invest in the sovereign gold bond for as low as one gram and as much as 4kg. However, the maximum investment for trusts and similar businesses is 20kgs.
Incorrect
Option d is correct
Explanation:
Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023 under the Sovereign gold bond Scheme.
Sovereign gold bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of the Government of India.
Statement 1 is not correct: SGBs are issued for a fixed time, which is announced by the Reserve Bank of India(RBI).
A holding certificate is given to the investors after purchasing the bond.
Statement 2 is not correct: The minimum holding is 1 gram, and the maximum is 4 kg per investor per financial year.
Statement 3 is not correct: Individuals, as well as the Hindu Undivided Family (HUFs) can invest in the sovereign gold bond for as low as one gram and as much as 4kg. However, the maximum investment for trusts and similar businesses is 20kgs.
Question 5 of 5
5. Question
2 points
Consider the following statements with respect to Telecom Regulatory Authority of India (TRAI):
It is a statutory body under the Indian Telegraph Act, 1885.
The recommendations made by the TRAI are not binding on the Central Government.
The Central Government has to mandatorily ask for recommendations from TRAI conditions of the licence to be granted to the service provider.
Which of the statement/s given above is/are correct?
Correct
Option (b) is correct
Explanation:
TRAI recently recommended that Private FM Radio Operators should be allowed to broadcast news and current affairs programmes, limited to ten minutes at each clock hour.
Statement 1 is not correct: TRAI is a statutory body constituted under the Telecom Regulatory Authority of India Act, 1997 (TRAI Act).
Statement 2 is correct: The recommendations made by the TRAI are not binding on the Central Government.
Statement 3 is correct: The Central Government has to mandatorily ask for recommendations from TRAI with respect to need and timing of new service provider and terms and conditions of the licence to be granted to the service provider.
Incorrect
Option (b) is correct
Explanation:
TRAI recently recommended that Private FM Radio Operators should be allowed to broadcast news and current affairs programmes, limited to ten minutes at each clock hour.
Statement 1 is not correct: TRAI is a statutory body constituted under the Telecom Regulatory Authority of India Act, 1997 (TRAI Act).
Statement 2 is correct: The recommendations made by the TRAI are not binding on the Central Government.
Statement 3 is correct: The Central Government has to mandatorily ask for recommendations from TRAI with respect to need and timing of new service provider and terms and conditions of the licence to be granted to the service provider.
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
Quick Revise Now ! UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
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