Day 12- 27 Nov - UPSC Prelim English Quiz Solution

Day 12- 27 Nov - UPSC Prelim English Quiz Solution

Based on UPSC Syllabus and Current Affairs

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Q 1. In the World Bank’s Ease of Doing Business Index 2018, India jumped 23 ranks and currently rank 77. However, there are some parameters on which India’s ranking deteriorated. Among which one of the following parameters did India not witness a drop in its ranking?

a) Enforcing contracts
b) Registering property
c) Paying taxes
d) Resolving insolvency
Solution:   a Explaination    https://www.thehindu.com/business/Economy/2puxok/article25381273.ece/alternates/FREE_615/ease-of-biz
The Index ranks 190 countries based on 10 indicators across the life-cycle of a business, from "starting a business" to "resolving insolvency."

Q 2. The term 'Regulatory Forbearance', recently in the news, is often associated with

a) Ease of doing business
b) Startups
c) Restructured loans
d) Initial Public Offerings
Solution:   c Explaination    https://www.thehindu.com/business/Economy/rbi-firm-despite-govt-seeking-consultation-under-section-7/article25383224.ece
According to central banking sources, one letter pertained to exemption for power companies from new stressed asset norms, while another one was to dilute capital threshold norms of the prompt corrective action framework. Yet another one communication was pertaining to more capital to the government from the reserves of the central bank.

Q 3. Sentinelese, recently in news. They are

a) Tribe of Madagascar
b) Tribe live in part of the Andaman Islands
c) Tribe live in part of the Nicobar Islands
d) None of the above
Solution:   b Explaination    https://www.thehindu.com/news/national/the-hindu-explains-who-are-the-sentinelese/article25560463.ece
The Sentinelese, a negrito tribe who live on the North Sentinel Island of the Andamans, have not faced incursions and remain hostile to outsiders. The inhabitants are connected to the Jarawa on the basis of physical, as well as linguistic similarities, researchers say.

Q 4.Consider the following statements about Section 7 of the RBI Act, 1934:

1. It requires the Central Government to hold consultations with the Governor prior to giving directions to the RBI to take certain actions in public interest.

2. A similar provision has been built into the laws that govern regulatory bodies in other sectors.

Which of the statements given above is/are correct?

a) 1 Only
b) 2 Only
c) Both 1 and 2
d) Neither 1 nor 2
Solution:   c Explaination   https://www.thehindu.com/business/Economy/rbi-firm-despite-govt-seeking-consultation-under-section-7/article25383224.ece
Under Section 7, "The Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest. Subject to any such directions, the general superintendence and direction of the affairs and business of the Bank shall be entrusted to a Central Board of Directors which may exercise all powers and do all acts and things which may be exercised or done by the Bank."

Q 5.Which of the following states is converting ‘INS Viraat’ into a museum?

a) Maharashtra
b) Gujarat
c) Tamil Nadu
d) Andhra Pradesh
Solution:   a Explaination   https://timesofindia.indiatimes.com/india/ins-viraat-to-be-turned-into-maritime-museum/articleshow/66469224.cms
As per the Maharashtra government's Rs 852-crore plan for Viraat, the ship's conversion will be on public-private-partnership (PPP) basis. It will be grouted (grounded, sealed to the seabed with concrete and moored) seven nautical miles off the Malvan coast at Nivati rocks in Sindhudurg.