IAS Pre Exam 2015 Current Affairs Practice Test-6


   May  2015                                                                   Ajit Kumar (Wisdom IAS, New Delhi)
                     Read Union  Budget 2015-2016 through MCQ- Set-4
(1) Which of the statements are correct regarding RuPay Dabit Card?
(I) RBI initiated the launch of RuPay card in India
(II) The benefits of RuPay debit card are the flexibility of the product platform, high levels of acceptance and the strength of the RuPay brand
(III) Since the transaction processing will happen domestically, it would lead to lower cost of clearing and settlement for each transaction
(IV) The card is uniquely positioned to offer complete inter-operability between various payments channels and products.
Select the answer from the codes given below-
(a)    I,II,III                        (b) II,III,IV
(c) I, III,IV                      (d) All of the above
Expl:  National Payments Corporation of India (NPCI) initiated the launch of RuPay card in India. It was done with the intention of integration of payment systems in the country. It has also tied up with Discover Financial Services firm for promoting this. NPCI currently offers varied solutions across platforms including ATMs, mobile technology, cheques etc and is extremely well placed in nurturing RuPay cards across these platforms.
RuPay, being a domestic scheme is committed towards development of customized product and service offerings for Indian consumers. Transaction and customer data related to RuPay card
Lower transaction cost – International transactions lead to higher transaction costs. Such costs can be reduced by using RuPay card since processing will be done within the country. Also, transactions will be faster.
(2) India is interested in setting up manufacturing hubs in CMLV countries.CLMV countries are-
(a) Cambodia, Laos PDR, Myanmar and Vietnam
(b) China, Laos PDR, Myanmar and Vietnam
(c) Cambodia, Laos PDR, Maldives and Vietnam
(d) Cyprus, Laos PDR, Myanmar and Vietnam
Ans.(a) AS per  a study by Export and Import Bank of India (in 2013), even when most of these countries share boundaries and close proximity to India,  China, South Korea and Thailand have major share in foreign investments into these CLMV region which in 2012  aggregated to $ 12.5 bn , 11 per cent of the total inflows into the  ASEAN region.  On the other   hand, India’s approved direct investments in joint ventures and wholly owned subsidiaries in the CLMV countries during April 1996-March 2012 amounted to around 700 million with bulk flows to Vietnam.  
For Cambodia in particular, areas of greater export potential are knitted fabric, machinery and instruments, vehicles, electrical and electronic equipment. Sugar and sugar confectionary, plastics, rubber articles , articles of iron and steel, pearls and precious stones and iron and steel etc.  For LAO PDR, mineral fuels, oil, aircraft, space craft, beverages offer added opportunities over and above the areas with export potential in Cambodia.  Similarly, for Myanmar,  added areas are animal and vegetable fat, ships, boats, salt, sulphur, optical and technical, medical apparatus, paper, manmade filaments, furniture , lightings, organic chemicals, footwear, .
Regional Comprehensive Economic Partnership (RCEP) is a Free Trade Agreement (FTA) scheme of the 10 ASEAN Member States and its FTA Partners – Australia, China, Japan, Korea and New Zealand to be concluded by the end of 2015. It includes more than 3 billion people, has a combined GDP of about $17 trillion, and accounts for about 40 percent of world trade. 
(3) The programme(s) annonced for empowerment, safety and security of women and girl children is/are -
(a) Swadhar
(b) Ujjawal
 (c) Nirbhaya Fund
(d) All of the cabove
Expl: Government’s efforts at empowerment and safety of women have been a continuous process. Ministry of Women and Child Development provides financial assistance for empowerment and safety of women through a number of schemes like Working Women’s Hostels, Shelter Home schemes of Swadhar and Short Stay Homes, Ujjawala, micro-credit facilities through RashtriaMahilaKosh, National Mission for Empowerment of Women etc.
Nirbhaya Fund was announced by the Finance Minister in his 2013 budget speech, with Government contribution of Rs. 1000 Crores for empowerment, safety and security of women and girl children
As per the recently issued guidelines of the Department of Economic Affairs for utilization of Nirbhaya Fund, the Union Ministry of Women and Child Development has been assigned as the nodal Ministry to appraise the scheme to decide their suitability to qualify for getting funds from the Nirbhaya Fund and to review and monitor the progress of Schemes sanctioned under the Nirbhaya Fund. After being assigned as nodal Ministry to appraise the schemes,
Detailed framework for operationalision of scheme under “Nirbhaya Fund” for Security for women and girl child in public road transport in the country is under process. The proposal was approved by the Union Cabinet in January 2014. The proposal include setting up of a unified system at the National Level (National Vehicle Security and Tracking System) and State level (City Command and Control Centre) for GPS tracking of the location of, emergency buttons in and video recording of incidents in public transport vehicles.
(4) Which of the followinf statements are correct regarding the “FAME India” (Faster Adoption and Manufacture of Electric Vehicles in India) Scheme?
(I) The scheme will cover only light vehicle segments .
(II) Union Minister of Heavy Industries and Public Enterprises on April 8,2015 launched a scheme.
(III) The scheme would be covered throughout the country.
(IV) Based on the NEMMP 2020 road map, the “FAME India” was drawn up by Department of Heavy Industry.
Select the answer from the codes given below-
(a)    I,II,III                        (b) II,III,IV
(c) I, III,IV                      (d) All of the above
Expl: The “FAME India” will cover all vehicle segments i.e. two, three and four wheelers, cars, LCVs, Buses etc and all forms of hybrid(Mild/Strong/Plug-in) and pure electric vehicles.
NEMMP 2020 The principal end objectives of the National Mission for Electric Mobility (NMEM) are National energy security, mitigation of the adverse impact of vehicles on the environment and growth of domestic manufacturing capabilities. The NEMMP 2020, the mission document for the NMEM that was approved by the National Council for Electric Mobility (NCEM) on 29th August, 2012, sets the vision, lays the targets and provides the joint Government – industry vision for realizing the huge potential that exists for full range of efficient and environmentally friendly electric vehicle (including hybrids) technologies by 2020. 
The NEMMP 2020 is a well researched document and relies on in-depth primary data based study conducted jointly by the Government and the Industry which indicates that high latent demand for environmentally friendly electric vehicle technologies exists in the country. As per these projections, 6-7 million units of new vehicle sales of the full range of electric vehicles, along with resultant liquid fuel savings of 2.2 – 2.5 million tonnes can be achieved in 2020. This will also result in substantial lowering of vehicular emissions and decrease in carbon di-oxide emissions by 1.3% to 1.5% in 2020 as compared to a status quo scenario. 
(5) The aim of skill development in the country is to support achieving rapid and inclusive growth through:
 (a) Enhancing individuals‟ employability (wage/ self employment) and ability to adapt to changing technologies and labour market demands.
 (b) Improving productivity and living standards of the people.
(c) Strengthening competitiveness of the country.
(d) Attracting investment in skill development.
Select the answer from the codes given below-
(a)    I,II,III                        (b) II,III,IV
(c) I, III,IV                      (d) All of the above
Expl:  The objectives of the national policy on skill development are to:  a) Create opportunities for all to acquire skills throughout life, and especially for youth, women and disadvantaged groups. b) Promote commitment by all stakeholders to own skill development initiatives. c) Develop a high-quality skilled workforce/entrepreneur relevant to current and emerging employment market needs. d) Enable the establishment of flexible delivery mechanisms that respond to the characteristics of a wide range of needs of stakeholders. (e) Enable effective coordination between different ministries, the Centre and the States and public and private providers.
The coverage of the National Policy on Skill Development includes the following: a) Institution-based skill development including ITIs/ITCs/vocational schools/technical schools/ polytechnics/ professional colleges, etc. b) Learning initiatives of sectoral skill development organised by different ministries/departments. c) Formal and informal apprenticeships and other types of training by enterprises d) Training for self-employment/entrepreneurial development e) Adult learning, retraining of retired or retiring employees and lifelong learning f) Non-formal training including training by civil society organizations g) E-learning, web-based learning and distance learning.
(6) The Union budget 2015-16 envisaged that the malfeasance in public procurement can perhaps be contained by having a procurement law and an institutional structure consistent with the UNCITRAL model.  UNCITRAL means-
(a) United Nations Commission on International Trade Law
(b) United Nations Commission on Inter-state Trade Related  List
(c) United Nations Commission on International Trade Restriction Law
(d) United Nations Commission on Inter-stata Trade Restriction List
Expl:  The UNCITRAL Model Law on International Commercial Arbitration was adopted by the United Nations Commission on International Trade Law (UNCITRAL) on 21 June 1985, at the close of the Commission's 18th annual session. The General Assembly, in its resolution recommended "that all States give due consideration to the Model Law on International Commercial Arbitration, in view of the desirability of uniformity of the law of arbitral procedures and the specific needs of international commercial arbitration practice"

The Model Law constitutes a sound and promising basis for the desired harmonisation and improvement of national laws. It covers all stages of the arbitral process from the arbitration agreement to the recognition and enforcement of the arbitral award and reflects a worldwide consensus on the principles and important issues of international arbitration practice. It is acceptable to States of all regions and the different legal or economic systems of the world. 
The form of a model law was chosen as the vehicle for harmonization and improvement in view of the flexibility it gives to States in preparing new arbitration laws. It is advisable to follow the model as closely as possible since that would be the best contribution to the desired harmonisation and in the best interest of the users of international arbitration, who are primarily foreign parties and their lawyers. 
(7) Which of the Budge  (205-16) proposals are correctly matched?
(I) Pradhan Mantri Vidya Lakshmi Karyakram - a fully IT based Student Financial Aid Authority to administer and monitor  Scholarship as well Educational Loan Schemes.
(II) Centre for Film Production, Animation and Gaming - Arunachal Pradesh
(III)Apprenticeship Training Institute for Women -  Haryana and Uttrakhand.
(IV) Bank Board Bureau - To improve the Governance of  Private Sector banks in India
Select the answer from the codes given below-
(a)    I,II,III                        (b) II,III,IV
(c) I, III,IV                      (d) All of the above
Expl:  In order to improve the Governance of Public Sector banks, the Government intended to set up an autonomous bank Board Bureau. The Bureau will search and select heads of Public Sector banks and help them in developing differentiated strategies and capital raising plans through innovative financial methods and instruments.  This would be an interim step towards establishing a holding and investment Company for Banks.          

Tuesday, 26th May 2015, 09:45:51 AM

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Sir, if u could provide practice questions for mains 2017 for GS papers, it would be of great help.
Aug 03, 2017 05:01 AM