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Question 1 of 5
1. Question
2 points
Which of the following countries are members of the European Free Trade Association (EFTA)?
Iceland
Liechtenstein
Denmark
Norway
Sweden
Switzerland
Choose the correct option:
Correct
Option (b) is correct
Explanation:
India and European Free Trade Association (EFTA) states are negotiating a Trade and Economic Partnership Agreement (TEPA) with a view to boost economic ties between the two regions.
The EFTA is an intergovernmental organisation established in 1960 by the Stockholm Convention for the promotion of free trade and economic integration to the benefit of its Member States and the benefit of their trading partners around the globe.
Members of EFTA include Iceland, Liechtenstein, Norway, and Switzerland.
Headquarters of the EFTA Secretariat is located in Geneva.
Incorrect
Option (b) is correct
Explanation:
India and European Free Trade Association (EFTA) states are negotiating a Trade and Economic Partnership Agreement (TEPA) with a view to boost economic ties between the two regions.
The EFTA is an intergovernmental organisation established in 1960 by the Stockholm Convention for the promotion of free trade and economic integration to the benefit of its Member States and the benefit of their trading partners around the globe.
Members of EFTA include Iceland, Liechtenstein, Norway, and Switzerland.
Headquarters of the EFTA Secretariat is located in Geneva.
Question 2 of 5
2. Question
2 points
Consider the following rivers:
Danube
Dnieper
Dniester
Volga
How many of the above rivers drain into Black Sea?
Correct
Option (c) is correct.
Explanation:
A new study has revealed about the illegal trade in sturgeon products. Sturgeon is a fish native to lower Danube countries such as Bulgaria, Romania, Serbia and Ukraine.
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1998 listed the species as endangered and put restrictions on fishing of sturgeons from the Danube and Black Sea.
Rivers Draining into the Black Sea:
Danube: It is the second longest river in Europe after the Volga. It rises in the Black Forest mountains of western Germany and flows for around 2,850 km to its mouth on the Black Sea.
Dnieper: It is the fourth longest after the Volga, Danube, and Ural. It flows through western Russia, Belarus, and Ukraine to the Black Sea.
Dniester: It is the river of Ukraine and of Moldova, rising on the north side of the Carpathian Mountains and flowing to the Black Sea near Odesa.
Volga: It rises in the Valdai Hills northwest of Moscow and discharges into the Caspian Sea.
Incorrect
Option (c) is correct.
Explanation:
A new study has revealed about the illegal trade in sturgeon products. Sturgeon is a fish native to lower Danube countries such as Bulgaria, Romania, Serbia and Ukraine.
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1998 listed the species as endangered and put restrictions on fishing of sturgeons from the Danube and Black Sea.
Rivers Draining into the Black Sea:
Danube: It is the second longest river in Europe after the Volga. It rises in the Black Forest mountains of western Germany and flows for around 2,850 km to its mouth on the Black Sea.
Dnieper: It is the fourth longest after the Volga, Danube, and Ural. It flows through western Russia, Belarus, and Ukraine to the Black Sea.
Dniester: It is the river of Ukraine and of Moldova, rising on the north side of the Carpathian Mountains and flowing to the Black Sea near Odesa.
Volga: It rises in the Valdai Hills northwest of Moscow and discharges into the Caspian Sea.
Question 3 of 5
3. Question
2 points
Consider the following statements:
Cash Management Bills (CMBs) have the generic character of T-bills but are issued for maturities less than 91 days.
Treasury bills are issued at a discount and redeemed at the face value at maturity.
Which of the statements given above is/are correct?
Correct
Option (c) is correct.
According to RBI data, banks investment in 91-day T-Bill rose over 112 percent to Rs 19,820 crore as of September 29, 2023.
Cash Management Bills (CMBs)
In 2010, Government of India, in consultation with RBI introduced a new short-term instrument, known as Cash Management Bills (CMBs), to meet the temporary mismatches in the cash flow of the Government of India.
Statement 1 is correct: The CMBs have the generic character of T-bills but are issued for maturities less than 91 days.
Treasury bills or T-bills, are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day.
Statement 2 is correct: Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity.
Incorrect
Option (c) is correct.
According to RBI data, banks investment in 91-day T-Bill rose over 112 percent to Rs 19,820 crore as of September 29, 2023.
Cash Management Bills (CMBs)
In 2010, Government of India, in consultation with RBI introduced a new short-term instrument, known as Cash Management Bills (CMBs), to meet the temporary mismatches in the cash flow of the Government of India.
Statement 1 is correct: The CMBs have the generic character of T-bills but are issued for maturities less than 91 days.
Treasury bills or T-bills, are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day.
Statement 2 is correct: Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at a discount and redeemed at the face value at maturity.
Question 4 of 5
4. Question
2 points
Consider the following pairs:
Mission
Agency
1. JUICE
European Space Agency
2. Hayabusa 2 Mission
NASA
3. New Horizons
Japan Aerospace Exploration Agency
Which of the above given pairs is/are not correctly matched?
Correct
Option (b) is correct
Explanation:
Pair 1 is correctly matched: European Space Agency’s (ESA)Jupiter Icy Moons Explorer (JUICE) probe will use double gravity assist, for the first time ever, from Earth and Moon to propel itself towards Jupiter.
Pair 2 is not correctly matched: Hayabusa2 is a mission by Japan Aerospace Exploration Agency that studied asteroid Ryugu, collected samples, and brought them to Earth for analysis. The spacecraft is on an extended mission to asteroid 1998 KY26.
Pair 3 is not correctly matched: NASA’s New Horizons mission was an interplanetary probe launched in 2006. It aims to map the surfaces of Pluto and Charon, to study Pluto’s atmosphere and to take temperature readings.
Incorrect
Option (b) is correct
Explanation:
Pair 1 is correctly matched: European Space Agency’s (ESA)Jupiter Icy Moons Explorer (JUICE) probe will use double gravity assist, for the first time ever, from Earth and Moon to propel itself towards Jupiter.
Pair 2 is not correctly matched: Hayabusa2 is a mission by Japan Aerospace Exploration Agency that studied asteroid Ryugu, collected samples, and brought them to Earth for analysis. The spacecraft is on an extended mission to asteroid 1998 KY26.
Pair 3 is not correctly matched: NASA’s New Horizons mission was an interplanetary probe launched in 2006. It aims to map the surfaces of Pluto and Charon, to study Pluto’s atmosphere and to take temperature readings.
Question 5 of 5
5. Question
2 points
With reference to ‘Pradhan Mantri MUDRA Yojana (PMMY)’,consider the following statements:
MUDRA does not lend directly to micro-entrepreneurs/individuals.
Loans under this scheme are collateral-free loans.
It is under the aegis of Ministry of Commerce and Industry
Which of the statements given above is/are correct?
Correct
Option (a) is correct
Explanation:
Recently, the Union Finance and Corporate Affairs Minister said that women entrepreneurs are accorded first priority under the Centre’s flagship Pradhan Mantri Mudra Yojana scheme.
MUDRA, stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Centre.MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.
Launch Year: 2015
Objective: To provide loans up to 10 lakh to the non-corporate, non-farm small and micro enterprises through Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).
Statement 1 is correct: MUDRA does not lend directly to micro-entrepreneurs/individuals.
Statement 2 is correct: Loans under this scheme are collateral-free loans.
Statement 3 is not correct: It is under the aegis of Ministry of Finance
Incorrect
Option (a) is correct
Explanation:
Recently, the Union Finance and Corporate Affairs Minister said that women entrepreneurs are accorded first priority under the Centre’s flagship Pradhan Mantri Mudra Yojana scheme.
MUDRA, stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Centre.MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.
Launch Year: 2015
Objective: To provide loans up to 10 lakh to the non-corporate, non-farm small and micro enterprises through Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).
Statement 1 is correct: MUDRA does not lend directly to micro-entrepreneurs/individuals.
Statement 2 is correct: Loans under this scheme are collateral-free loans.
Statement 3 is not correct: It is under the aegis of Ministry of Finance
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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