IAS Prelims GS Questions and Answers - Aug 22 & 23, 2015
1. Which of the following statements is/are correct?1. India Aspiration Fund (IAF) would invest in venture capital funds with initial corpus of Rs. 2,000 crore.
2. SIDBI Make in India Loan for Enterprises (SMILE) is a debt-fund with Initial corpus of Rs. 10, 000 crore
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: c) Both
SIDBI under the first fund India Aspiration Fund (IAF) would invest in venture capital funds for meeting the equity requirement of MSME start-ups and for this the initial corpus of Rs. 2,000 crore has been set. Life Insurance Corp. of India (LIC) will be a partner and co-investor in this fund. Under second fund the SIDBI Make in India Loan for Enterprises (SMILE) is a debt-fund which will carter soft term loans to MSMEs to meet debt-to-equity norms and pursue growth opportunities, SIDBI has set Initial corpus of Rs. 10, 000 crore under SMILE fund.
a) Vidya Vardhini
b) Vidya Sagar
c) Vidya Lakshmi
d) Vidya Vita
View Answer / Hide AnswerANSWER: c) Vidya Lakshmi
A web-based portal Vidya Lakshmi was launched on the occasion of Independence Day i.e. 15Th August, 2015 for the benefit of students seeking Educational Loans. The Portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).
1. Payment banks can raise deposits of upto Rs. 10 lakh
2. It also pay interest on these balances just like a savings bank account does.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: b) Only 2
Payment banks can raise deposits of upto Rs. 1 lakh.
1. They can provide forex cards to travellers, usable again as a debit or ATM card all over India.
2. They can offer forex services at charges higher than banks.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: a) Only 1
Payment banks can offer forex services at charges lower than banks.
1. IDFC
2. Department of Posts
3. Tech Mahindra Ltd
4. Bandhan bank
5. Vodafone m-pesa Ltd
a) 1,2,3,5
b) 2,3,5
c) 2,3,4
d) All
View Answer / Hide AnswerANSWER: b) 2,3,5
Aditya Birla Nuvo Ltd, Airtel M Commerce Services Ltd, Cholamandalam Distribution Services Ltd, Department of Posts, Fino PayTech Ltd, National Securities Depository Ltd, Reliance Industries Ltd, Dilip Shantilal Shanghvi ,Vijay Shekhar Sharma , Tech Mahindra Ltd ,Vodafone m-pesa Ltd are te 11 entities which were granted in-principle approval to be a payment bank by RBI. Bandhan bank and IDFC received licenses to start full-service banks.
1. The minimum capital requirement is ?100 crore.
2. Foreign share holding will not be allowed in these banks.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide AnswerANSWER: a) Only 1
Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India.
a) P J Nayak Committee
b) C. Rangrajan Committee
c) Nachiket Mor Committee
d) Bimal Jalan Committee
View Answer / Hide AnswerANSWER: c) Nachiket Mor Committee
1. Elimination of the black money
2. Greater financial inclusion
3. Cash-less banking
a) 1,2
b) 1,3
c) 2,3
d) All
View Answer / Hide Answer9.Nagorno-Karabakh is a disputed territory ina) Georgia
b) Russia
c) Armania
d) Azerbaijan
View Answer / Hide AnswerANSWER: d) Azerbaijan
Nagorno-Karabakh is a landlocked region in the South Caucasus.Most of the region is governed by the Nagorno-Karabakh Republic, a de facto independent but unrecognized state established on the basis of the Nagorno-Karabakh Autonomous region that was part of the Azerbaijan SSR in Soviet Union. Azerbaijan has not exercised political authority over the region since the advent of the Karabakh movement in 1988.
a) India
b) Syria
c) Pakistan
d) Afghanistan
View Answer / Hide Answer11. Which of the following statements are correct?1. The Maharashtra Bhushan is a highest and prestigious award presented annually by the government of Maharashtra state.
2. It is awarded in fields of Literature, Art, Sport, Science ,Social Work, Journalism, and Public Administration and Health Services
3. Ratan Tata was awarded with Maharashtra Bhushan
a) 1,2
b) 1,3
c) 2,3
d) All
View Answer / Hide Answer12. Which of the following place is called as a “extinction capital of the world”?a) Philippines
b) Galápagos Islands
c) Brazil
d) Hawaii
View Answer / Hide AnswerANSWER: d) Hawaii
Although making up just 0.25% of the United States, Hawaii is home to 25% of the endangered species in US. It has been documented that the number of bird species crashed from about 140 to less than 70.
1. Project Elephant has been formally implementing MIKE (Monitoring of Illegal Killing of Elephants) program.
2. To have more tusked elephants is the goal of project Elephant is the goal of Project Elephant.
a) Only 1
b) Only 2
c) Both
d) None
View Answer / Hide Answer14. Washington Convention is related toa) Biodiversity
b) Wildlife protection
c) Trade in endangered species of wild Fauna and Flora
d) Marine life protection
View Answer / Hide AnswerANSWER: c) Trade in endangered species of wild Fauna and Flora
CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora, also known as the Washington Convention) is a multilateral treaty to protect endangered plants and animals.
a) Nepal
b) Bhutan
c) SriLanka
d) Maldives
View Answer / Hide AnswerANSWER: c) SriLanka
India will help Sri Lanka develop its Trincomalee town as a regional petroleum hub, as IndianOil Corp and Ceylon Petroleum Corporation reached a joint-development.
