Prelims Daily Quiz 2019 Day 3
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Based on Prelims 2016
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Question 1 of 7
1. Question2 points
Which of the following is not advantage of full capital account convertibility ?Correct
Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates.
Imports become expensive and results in import substitution. Import substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production.Incorrect
Question 2 of 7
2. Question2 points
Which of the following is part of priority sector lending?
2. renewable energy
3. Personal loans
4. social infrastructure
5. Medium enterprises
6. Export Credit
8. Credit cardsCorrect
Priority Sector means those sectors which the Government of India and Reserve Bank of India consider as important for the development of the basic needs of the country and are to be given priority over other sectors. The banks are mandated to encourage the growth of such sectors with adequate and timely credit.
Categories of Priority Sector
The categories of priority sector are as follows
- Micro, Small and Medium Enterprises
- Export Credit
- Social Infrastructure
- Renewable Energy
Question 3 of 7
3. Question2 points
In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)?(2012)
1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/financial emergency.
2. CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee.
3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances.
4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law.
Which of the statements given above is/are correct?Correct
Question 4 of 7
4. Question2 points
The distribution of powers between the Centre and the States in the Indian Constitution is based on the scheme provided in theCorrect
Question 5 of 7
5. Question2 points
Consider the following historical places: (2013)
1. Ajanta Caves
2. Lepakshi Temple
3. Sanchi Stupa
Which of the above places is / are also known for mural paintings?Correct
Question 6 of 7
6. Question2 points
Consider the following pairs
1. Dampa Tiger Reserve : Mizoram
2. Gumti Wildlife Sanctuary : Sikkim
3. Saramati Peak : Nagaland
Which of the above pairs is /are correctly matched?Correct
Gumti Wildlife sanctuary is in TripuraIncorrect
Question 7 of 7
7. Question2 points
This type of climate is characterised by an alternate hot, rainy season and cool, dry season. Landscape is filled with tall grass and short trees. It is also know as the ‘big game country’
Which climatic region is mentioned here?
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