IAS Prelims GS Questions and Answers - Dec 24, 2015

ANSWER: Both

Explanation:
- Under the Bankruptcy Code, creditors of a defaulting company can drag an insolvent company to the National Company Law Tribunal (or an adjudicating authority set up under the code) and get it declared a defaulter within 14 days.
- A moratorium can then be declared on creditors, so that the company can function normally till its future is decided by its creditors
- A resolution professional put in charge of running the company.
- The entire process, from start to finish, has to be decided within 180 days, with a further 90 days being granted for special cases.

ANSWER: Only 2

Explanation:
- Rajya Sabha cannot make amendments in a Money Bill passed by Lok Sabha and transmitted to it.
- It can, however, recommend amendments in a Money Bill, but must return all Money Bills to Lok Sabha within fourteen days from the date of their receipt.
- It is open to Lok Sabha to accept or reject any or all of the recommendations of Rajya Sabha with regard to a Money Bill.

ANSWER: None

Explanation:
- Nai Roshni is a scheme for Leadership Development of Minority Women launched in 2012-13.
- The scheme is implemented through panchyati Raj and NGOs
- The scheme would provide minority women support, leadership training, information and confidence to interact with government system, banks and intermediaries at all levels.
“ Nai Manzil” scheme will address educational and livelihood needs of minority communities in general and muslims in particular.

ANSWER: Both

Explanation:
- It will be established under the Companies Act, 2013 and is a successor body of the Company Law Board.
- The principal bench of NCLT is expected to be established in New Delhi.
- NCLT will have the same powers as assigned to the erstwhile Company Law Board (which are mostly related to dealing with oppression and mismanagement), Board for Industrial and Financial
Reconstruction (BIFR)(revival of sick companies) and powers related to winding up of companies.

ANSWER: Cochin Shipyard

Explanation:
- Cochin Shipyard signed an agreement with French technology company Gaztransport & Technigaz (GTT) for its maiden foray into liquefied natural gas (LNG) shipbuilding.
- GTT, which holds patented technology for LNG ships, will give designs, engineering and supervision for building of the cryogenic carriers that transport natural gas frozen in its liquid form (LNG).
- It will enable Cochin Shipyard to qualify to bid for the GAIL tender.

ANSWER: Both

Explanation:
- UN Convention on the Rights of the Child states that all children under the age of 18 years be treated equal.
- The bill allows for juveniles 16 years or older to be tried as adults for heinous offences like rape and murder.
- The crime will be examined by the Juvenile Justice Board to assess if the crime was committed as a ‘child’ or as an ‘adult’.
- The Child Welfare Committees will look at institutional care for children in their respective districts. Each committee will have a chairperson and four other members, all specialists in matters relating to children.

ANSWER: Both

Explanation:
- The National Institute of Disaster Management (NIDM) was constituted under an Act of Parliament with a vision to play the role of a premier institute for capacity development in India and the region.
- Under the Disaster Management Act 2005, NIDM has been assigned nodal responsibilities for human resource development, capacity building, training, research, documentation and policy advocacy in the field of disaster management.
- Union Home Minister is the President of the Institute

ANSWER: Space X

Explanation:
- SpaceX has a $1.6bn (£1.08bn; €1.47bn) contract with Nasa to send supplies to the ISS.
- Most rockets are designed to burn up during re-entry.
- But Falcon -9 is reusable rockets, however, would mean cargo could be sent into space with only the fuel and maintenance costs to consider.

ANSWER: Only 1

Explanation:
- Blue Origin is an American privately-funded aerospace developer and manufacturer set up by Amazon.com founder Jeff Bezos.
- Both Blue Origin and Space X have landed rockets upright after launch.
- They allow re-entry mean cargo could be sent into space with only the fuel and maintenance costs to consider.

ANSWER: Hydel

Explanation:
- Wind currently accounts for 8.63%, Nuclear for 2.13%, Hydel for 15.19%, and solar for 1.38%
- Coal currently accounts for 54 percent of installed generation capacity and some 69 percent in actual production.