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Question 1 of 5
1. Question
2 points
Consider the following statements with reference to ‘Willful Defaulters’:
Willful defaulters are considered as entities that do not pay back money despite the ability to do so.
The Willful defaulters are not permitted to open any new business venture for a period of 1 year from the date of being declared a wilful defaulter.
Even if a company is declared a Willful defaulter, it can launch an Initial public offering (IPO) to pay back its dues.
How many of the above statements is/ are correct?
Correct
Ans: A
Exp:
Recently, Bombay High Court recently quashed a provision of a central government office memorandum that enabled public sector banks to request issuance of look out circulars (LoCs) against wilful defaulters.
Statement 1 is correct: According to the RBI, a wilful default is deemed to have occurred in any of the following four circumstances:
When there is a default in repayment obligations by the unit (company/individual) to the lender, even when it has the capacity to honor the said obligations, there is a deliberate intention of not repaying the loan.
The funds are not utilized for the specific purpose for which finance was availed but have been diverted for other purposes.
When the funds have been siphoned off and not been utilized for the purpose for which it was availed. Further, no assets are available which justify the usage of funds.
When the assets bought by the lenders’ funds have been sold off without the knowledge of the bank/lender.
Statement 2 is incorrect: There is a five-year restriction on granting credit facilities for the launch of new ventures by any lender to a wilful defaulter or any entity associated with a wilful defaulter, following their removal from the List of Willful Defaulter.
This prevents them from starting new businesses and taking on additional financial commitments.
Statement 3 is incorrect:SEBI prohibits a company from launching an Initial Public Offer (IPO) if such company or any of its promoters or directors is a wilful defaulter.
SEBI also prohibits a listed company from issuing equity shares, convertible as well as non-convertible securities, if any of its promoters or directors is classified as a wilful defaulter.
Incorrect
Ans: A
Exp:
Recently, Bombay High Court recently quashed a provision of a central government office memorandum that enabled public sector banks to request issuance of look out circulars (LoCs) against wilful defaulters.
Statement 1 is correct: According to the RBI, a wilful default is deemed to have occurred in any of the following four circumstances:
When there is a default in repayment obligations by the unit (company/individual) to the lender, even when it has the capacity to honor the said obligations, there is a deliberate intention of not repaying the loan.
The funds are not utilized for the specific purpose for which finance was availed but have been diverted for other purposes.
When the funds have been siphoned off and not been utilized for the purpose for which it was availed. Further, no assets are available which justify the usage of funds.
When the assets bought by the lenders’ funds have been sold off without the knowledge of the bank/lender.
Statement 2 is incorrect: There is a five-year restriction on granting credit facilities for the launch of new ventures by any lender to a wilful defaulter or any entity associated with a wilful defaulter, following their removal from the List of Willful Defaulter.
This prevents them from starting new businesses and taking on additional financial commitments.
Statement 3 is incorrect:SEBI prohibits a company from launching an Initial Public Offer (IPO) if such company or any of its promoters or directors is a wilful defaulter.
SEBI also prohibits a listed company from issuing equity shares, convertible as well as non-convertible securities, if any of its promoters or directors is classified as a wilful defaulter.
Question 2 of 5
2. Question
2 points
Consider the following statements :
The World Migration Report is published by the International Organization for Migration (IOM).
India is not a member of the International Organization For Migration.
Which of the given statements is/are incorrect?
Correct
Ans: B
Exp:
The International Organization for Migration (IOM) recently, launched the World Migration report 2024 which reveals significant shifts in global migration patterns
Statement 1 is correct: The International Organization for Migration (IOM) launched the World Migration Report 2024, which reveals significant shifts in global migration patterns, including a record number of displaced people and a major increase in international remittances.
Statement 2 is incorrect: The International Organization for Migration (IOM) is a United Nations agency that provides services and advice concerning migration to governments and migrants, including internally displaced persons, refugees, and migrant workers.
It currently has 172 member states and 8 states holding observer status. India is a member of IOM. Its headquarters are located in Geneva, Switzerland.
Incorrect
Ans: B
Exp:
The International Organization for Migration (IOM) recently, launched the World Migration report 2024 which reveals significant shifts in global migration patterns
Statement 1 is correct: The International Organization for Migration (IOM) launched the World Migration Report 2024, which reveals significant shifts in global migration patterns, including a record number of displaced people and a major increase in international remittances.
Statement 2 is incorrect: The International Organization for Migration (IOM) is a United Nations agency that provides services and advice concerning migration to governments and migrants, including internally displaced persons, refugees, and migrant workers.
It currently has 172 member states and 8 states holding observer status. India is a member of IOM. Its headquarters are located in Geneva, Switzerland.
Question 3 of 5
3. Question
2 points
Consider the following:
RuPay
Aadhaar enabled Payment System (AePS)
National Electronic Funds Transfer (NEFT)
National Automated Clearing House (NACH)
National Electronic Toll Collection (NETC) Program
How many of the above initiatives are part of the National Payments Corporation of India(NPCI)?
Correct
Ans: C
Exp:
The National Payments Corporation of India (NPCI), in a circular, has issued guidelines that put the onus of verifying merchant details on acquiring banks for BHIM Aadhaar Pay.
Option 3 is incorrect: National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI). It does not come under the ambit of NPCI.
About National Payments Corporation of India (NPCI):
It is an umbrella organization for operating retail payments and settlement systems in India.
It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, to create a robust Payment & Settlement Infrastructure in India
Initiatives launched by NPCI:
RuPay: RuPay supports the issuance of debit, credit and prepaid cards by banks in India and thereby supporting the growth of retail electronic payments in India.
Aadhaar enabled Payment System (AePS): To access these funds at door step & drive the financial inclusion in India,vAadhaar enabled Payment System (AePS) has been introduced.
National Automated Clearing House (NACH): NACH provides electronic mandate platform to register mandates facilitating paper less collection process for the corporates and banks. It provides for both account based and Aadhaar based transactions.
National Electronic Toll Collection (NETC) Program: NPCI has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.
Incorrect
Ans: C
Exp:
The National Payments Corporation of India (NPCI), in a circular, has issued guidelines that put the onus of verifying merchant details on acquiring banks for BHIM Aadhaar Pay.
Option 3 is incorrect: National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of India (RBI). It does not come under the ambit of NPCI.
About National Payments Corporation of India (NPCI):
It is an umbrella organization for operating retail payments and settlement systems in India.
It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, to create a robust Payment & Settlement Infrastructure in India
Initiatives launched by NPCI:
RuPay: RuPay supports the issuance of debit, credit and prepaid cards by banks in India and thereby supporting the growth of retail electronic payments in India.
Aadhaar enabled Payment System (AePS): To access these funds at door step & drive the financial inclusion in India,vAadhaar enabled Payment System (AePS) has been introduced.
National Automated Clearing House (NACH): NACH provides electronic mandate platform to register mandates facilitating paper less collection process for the corporates and banks. It provides for both account based and Aadhaar based transactions.
National Electronic Toll Collection (NETC) Program: NPCI has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.
Question 4 of 5
4. Question
2 points
With reference to Weather Information Network Data Systems (WINDS), consider the following system:
WINDS has been launched by the Ministry of Earth Sciences (MoES) to safeguard the coastal population from unforeseen disasters.
The initiative emphasizes setting up a strong network of meteorological stations at the block and gram panchayat levels.
Which of the given statements is/are incorrect?
Correct
Ans: A
Exp:
Recently, Multinational restaurant aggregator and food delivery company Zomato unveiled India’s first crowd-supported weather infrastructure to serve its customer better as the country braces scorching heatwaves.
Statement 1 is incorrect: The Ministry of Agriculture and Farmers’ Welfare launched it in July 2023 to harness advanced weather data analytics to provide stakeholders with actionable insight to make informed weather decisions on agriculture. WINDS will provide farmers with critical weather-related information and data.
Statement 2 is correct: The WINDS initiative prioritizes the establishment of a robust network of meteorological stations.
The goal of this effort is to create a large network of weather stations at the block and gram panchayat levels. This vast network of weather stations will allow for accurate weather pattern monitoring, effective planning, risk assessment, and rapid response to meteorological concerns.
Incorrect
Ans: A
Exp:
Recently, Multinational restaurant aggregator and food delivery company Zomato unveiled India’s first crowd-supported weather infrastructure to serve its customer better as the country braces scorching heatwaves.
Statement 1 is incorrect: The Ministry of Agriculture and Farmers’ Welfare launched it in July 2023 to harness advanced weather data analytics to provide stakeholders with actionable insight to make informed weather decisions on agriculture. WINDS will provide farmers with critical weather-related information and data.
Statement 2 is correct: The WINDS initiative prioritizes the establishment of a robust network of meteorological stations.
The goal of this effort is to create a large network of weather stations at the block and gram panchayat levels. This vast network of weather stations will allow for accurate weather pattern monitoring, effective planning, risk assessment, and rapid response to meteorological concerns.
Question 5 of 5
5. Question
2 points
With reference to Enteric Fever, consider the following statements:
It spreads through contaminated food and water and is caused by Salmonella typhi.
A single Widal test perfectly reports the presence of the bacteria causing the fever.
Bone marrow tests can also be conducted to test for the fever.
How many of the above statements is/are correct?
Correct
Ans: B
Exp:
Recently, the National President, Association of Medical Laboratory Scientists of Nigeria, highlighted the nation’s deficiency in efficient diagnostic testing for the Enteric Fever.
Statement 1 is correct: Typhoid fever, also known as enteric fever, is a severe illness caused by salmonella bacteria.
This bacteria affects your digestive system after you consume food or water contaminated with faecal material.
Statement 2 is incorrect: The Widal test is a serological test for the diagnosis of typhoid fever. A single positive Widal test report doesn’t necessarily mean a typhoid infection is present, and a negative report doesn’t confirm the disease’s absence.
To diagnose an active infection, clinicians must test at least two serum samples taken at least 7-14 days apart, so that they may detect a change in concentrations of the antibodies.
Statement 3 is correct: There are various tests available to detect typhoid fever, such as stool culture, bone marrow, etc.
One such test is the Widal test, which detects the presence of antibodies that your body makes against salmonella bacteria during typhoid.
Incorrect
Ans: B
Exp:
Recently, the National President, Association of Medical Laboratory Scientists of Nigeria, highlighted the nation’s deficiency in efficient diagnostic testing for the Enteric Fever.
Statement 1 is correct: Typhoid fever, also known as enteric fever, is a severe illness caused by salmonella bacteria.
This bacteria affects your digestive system after you consume food or water contaminated with faecal material.
Statement 2 is incorrect: The Widal test is a serological test for the diagnosis of typhoid fever. A single positive Widal test report doesn’t necessarily mean a typhoid infection is present, and a negative report doesn’t confirm the disease’s absence.
To diagnose an active infection, clinicians must test at least two serum samples taken at least 7-14 days apart, so that they may detect a change in concentrations of the antibodies.
Statement 3 is correct: There are various tests available to detect typhoid fever, such as stool culture, bone marrow, etc.
One such test is the Widal test, which detects the presence of antibodies that your body makes against salmonella bacteria during typhoid.
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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