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Q:

Which one of the following statements is not correct?

A) Creation of National Investment and Infrastructure Fund (NIIF) was announced in the Union Budget, 2015-16. B) NIIF is a fund for enhancing infrastructure facility in the country.
C) NIIF and NIF (National Investment Fund) are the names of the same organization. D) NIIF can have more than one alternative investment fund.
 
Answer & Explanation Answer: C) NIIF and NIF (National Investment Fund) are the names of the same organization.

Explanation:

The cabinet Committee on Economic Affairs (CCEA) on 27th January, 2005 had approved the constitution of a National Investment Fund (NIF). The Purpose of the fund was to receive disinvestment proceeds of central public sector enterprises and to invest the same to generate earnings without depleting the corpus.

National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.

This is different from the National Investment Fund.Its creation was announced in the Union Budget 2015-16. The operational framework was approved on 20 August 2015.NIIF got registered with SEBI as Category II Alternative Investment Fund (AIF) on December 28, 2015

 

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Filed Under: Indian Politics
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Q:

Which one of the following statements is not true of Protection of Women from Domestic violence Act, 2005?

A) This Act provides civil remedies to protect a woman subjected to domestic violence. B) Only women can make a complaint under this legislation.
C) Relief may be sought only against the husband or a male live-in partner with whom the woman has lived in a domestic relationship. D) The Act includes not just wives but also women in marriage-like relationships.
 
Answer & Explanation Answer: C) Relief may be sought only against the husband or a male live-in partner with whom the woman has lived in a domestic relationship.

Explanation:

The Supreme Court has struck down the words “adult male” from the pertinent provision in the DV Act to lay down that a woman can also file a complaint against another woman, accusing her of domestic violence.

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Q:

According to the provisions of the Constitution of India, which one of the following is nota fundamental duty?

A) To respect the National Flag   B) To defend the country
C) To provide education to one’s child D) To promote village and cottage industries
 
Answer & Explanation Answer: D) To promote village and cottage industries

Explanation:

Article 43 also places upon the State the responsibility of promoting cottage industries, and the federal government has, in furtherance of this, established several Boards for the promotion of khadi, handlooms etc., in coordination with the state governments. It is a DPSP.

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Q:

Which one of the following statements is not correct with respect to Article 32 of the Constitution of India?

A) It provides remedies to citizens for the enforcement of fundamental rights.   B) It is a part of fundamental rights.
C) The Supreme Court cannot refuse a writ petition under Article 32 on the ground of delay. D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.
 
Answer & Explanation Answer: D) Protection under Article 32 also applies to the enforcement of ordinary law which has nothing to do with the fundamental rights.

Explanation:

Protection under Article 32 applies only to the fundamental rights as provided by the Constitution.

 

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Q:

Which of the following will be the outcome if an economy is under the inflationary pressure?

1.Domestic currency heads for depreciation.

2.Exports become less competitive with imports getting costlier.

3.Cost of borrowing decreases.4.Bondholders get benefitted.

 

Select the correct answer using the code given below.

 

A) 1 and 2 B) 2 and 3
C) 1 and 3 only D) 1, 3 and 4
 
Answer & Explanation Answer: C) 1 and 3 only

Explanation:

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

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Filed Under: Indian Economy
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Q:

The headquarters of ‘Economic and Social Commission for Asia and the Pacific’ is located at

A) Singapore B) Manila  
C) Bangkok D) Hong Kong
 
Answer & Explanation Answer: A) Singapore

Explanation:

The Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in the United Nations Building in Rajadamnern Nok Avenue in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council, under theadministrative direction of the United Nations.

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Q:

Which one of the following statements about the Missile Technology Control Regime is not correct?

 

A) The Missile Technology Control Regime is an informal and voluntary partnership initially formed among G-7 countries. B) Members of the Missile Technology Control Regime prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.
C) China applied to join the Regime but members did not offer the membership. D) No other country outside the membership follows the Regime rules.
 
Answer & Explanation Answer: D) No other country outside the membership follows the Regime rules.

Explanation:

The Missile Technology Control Regime (MTCR) is a multilateral export control regime. It is an informal and voluntary partnership among 35 countries to prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying above 500 kg payload for more than 300 km.The Missile Technology Control Regime (MTCR) was established in April 1987 by the G7 countries.

The People's Republic of China is not a member of the MTCR but has agreed to abide by the original 1987 Guidelines and Annex, but not the subsequent revisions.Israel, Romania and Slovakia have also agreed to voluntarily follow MTCR export rules even though not yet members.

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Q:

Which of the following statements about the Deccan Riots of 1875 is/are true?

1.TheDeccan Riots resulted in protection for peasants through the Deccan Agriculturalists Relief Act of 1879.

2.The riots did not spread to the whole of Maharashtra because of prompt suppression by the British.

3.The British were unable to contain the riots and they spread throughout Maharashtra.

4.The cotton boom in the Deccan that had been caused by the artificial demand generated by the American Civil War caused the impoerishment of the peasants.

 

Select the correct answer using the code given below.

 

A) 1 only B) 1 and 3 
C) 2 and 4 only D) 1,2,3 and 4
 
Answer & Explanation Answer: D) 1,2,3 and 4

Explanation:

In 1861, civil war broke out in the USA. USA was the largest supplier of cotton to Britain. Once the civil war broke out, the demand for cotton from India became high and this led to a surge in cotton cultivation in India and there was a period of ‘boom’ then.In May and June 1875, peasants of Maharashtra in some parts of Pune, Satara and Ahmednagar districts revolted against increasing agrarian distress. The Deccan Riots of 1875 targeted conditions of debt peonage (kamiuti) to moneylenders.In 1879, the Agriculturists Relief Act was passed which ensured that the farmers could not be arrested and imprisoned if they were unable to pay their debts.

 

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Filed Under: Indian History
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