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DAY 118
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Welcome to Manifest IAS daily quiz!!! | Day 118
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Question 1 of 10
1. Question
2 pointsConsider the following statements about e-NAM
1. National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
2. SHGs are the lead agency for implementing eNAM under the aegis of Ministry of Agriculture and Farmers’ Welfare, Government of India.
Which of the above statements are true?Correct
Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM. Mission of e-NAM is integration of APMCs across the country through a common online market platform to facilitate pan-India trade in agriculture commodities, providing better price discovery through transparent auction process based on quality of produce along with timely online payment.
SFAC is an exclusive Society focused on increasing incomes of small and marginal farmers through aggregation and development of agribusiness.SFAC has pioneered the formation and growth of Farmer Producer Organizations/Farmer Producer Companies. SFAC offers Schemes like Equity Grant and Credit Guarantee Fund Scheme to FPCs to improve availability of working capital and development of business activities.Incorrect
Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM. Mission of e-NAM is integration of APMCs across the country through a common online market platform to facilitate pan-India trade in agriculture commodities, providing better price discovery through transparent auction process based on quality of produce along with timely online payment.
SFAC is an exclusive Society focused on increasing incomes of small and marginal farmers through aggregation and development of agribusiness.SFAC has pioneered the formation and growth of Farmer Producer Organizations/Farmer Producer Companies. SFAC offers Schemes like Equity Grant and Credit Guarantee Fund Scheme to FPCs to improve availability of working capital and development of business activities. -
Question 2 of 10
2. Question
2 pointsWhich of the following statements are true about Marine Products Export Development Authority?
1. The Marine Products Export Development Authority(MPEDA) is a statutory body functioning under the Department of Commerce, established under MPEDA Act, 1972.
2. Frozen Shrimp emerged as a principal item of export in the seafood basket both in quantity and foreign earnings, followed by Frozen Fish, Frozen Cuttlefish.
3. MPEDA aims to diversify the culture practices into commercially important Shellfish and Fin fishes to enhance aquaculture production and increase the varieties.
Choose the correct answer using codes given belowCorrect
MPEDA is responsible for development of the marine products industry with special reference to exports. It is headed by a Chairman and has its headquarters at Kochi. USA emerged as the largest buyer of Indian seafood in terms of dollar earnings, followed by South East Asia. MPEDA also aims at upgrading fishing harbours to international standards for sustaining / expanding our international markets and assisting the setting up of state-of-art processing facilities for Value Added Marine Products meant for export.
Incorrect
MPEDA is responsible for development of the marine products industry with special reference to exports. It is headed by a Chairman and has its headquarters at Kochi. USA emerged as the largest buyer of Indian seafood in terms of dollar earnings, followed by South East Asia. MPEDA also aims at upgrading fishing harbours to international standards for sustaining / expanding our international markets and assisting the setting up of state-of-art processing facilities for Value Added Marine Products meant for export.
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Question 3 of 10
3. Question
2 pointsConsider the following statements about Export Credit Guarantee Corporation of India Limited(ECGC)
1. ECGC was set up in 2017 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports.
2. ECGC provides a range of insurance covers to Indian exporters against the risk of non – realization of export proceeds due to commercial or political risks.
Which of the above statements are true?Correct
ECGC was established in 1957 and is wholly owned by the Government of India. It provides export factoring facility for MSME sector which is a package of financial products consisting of working capital financing, credit risk protection, maintenance of sales ledger and collection of export receivables from the buyer located in overseas country. ECGC also provides different types of credit insurance covers to banks and other financial institutions to enable them to extend credit facilities to exporters.
Incorrect
ECGC was established in 1957 and is wholly owned by the Government of India. It provides export factoring facility for MSME sector which is a package of financial products consisting of working capital financing, credit risk protection, maintenance of sales ledger and collection of export receivables from the buyer located in overseas country. ECGC also provides different types of credit insurance covers to banks and other financial institutions to enable them to extend credit facilities to exporters.
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Question 4 of 10
4. Question
2 pointsWhich of the following statements are true about Coffee Board?
1. The Coffee Board is established on PPP model with 51% private sector partnership. The Board comprises 33 Members including the Chairperson.
2. The Board is mainly focusing its activities in the areas of research, extension, development, market intelligence, external & internal promotion and welfare measures.
3. The Board has a Central Coffee Research Institute at Balehonnur (Karnataka).
Choose the correct answer using the codes given belowCorrect
The Coffee Board is a statutory organization constituted under Section (4) of the Coffee Act, 1942 and functions under the administrative control of the Ministry of Commerce and Industry, Government of India. It has regional Coffee Research Stations at Chundale (Kerala), Thandigudi (Tamil Nadu), Narasipatnam (Andhra Pradesh) and Diphu (Assam), apart from the extension units located in coffee growing regions of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Orissa and North Eastern Region.
Incorrect
The Coffee Board is a statutory organization constituted under Section (4) of the Coffee Act, 1942 and functions under the administrative control of the Ministry of Commerce and Industry, Government of India. It has regional Coffee Research Stations at Chundale (Kerala), Thandigudi (Tamil Nadu), Narasipatnam (Andhra Pradesh) and Diphu (Assam), apart from the extension units located in coffee growing regions of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Orissa and North Eastern Region.
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Question 5 of 10
5. Question
2 pointsConsider the following statements about Sunspots
1. The amount of magnetic flux that rises up to the Sun’s surface varies with time in a cycle called the solar cycle. This cycle lasts 11 years on average. This cycle is sometimes referred to as the sunspot cycle.
2. Near the minimum of the solar cycle, there will be sunspots visible on the Sun almost all the time, and some of those spots will be very large and last several weeks.
Which of the above statements are false?Correct
Near the minimum of the solar cycle, it is rare to see sunspots on the Sun, and the spots that do appear are very small and short-lived.Sunspots are regions where the solar magnetic field is very strong. In visible light, sunspots appear darker than their surroundings because they are a few thousand degrees cooler than their surroundings.
Incorrect
Near the minimum of the solar cycle, it is rare to see sunspots on the Sun, and the spots that do appear are very small and short-lived.Sunspots are regions where the solar magnetic field is very strong. In visible light, sunspots appear darker than their surroundings because they are a few thousand degrees cooler than their surroundings.
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Question 6 of 10
6. Question
2 pointsConsider the following statements about GROWTH-India Telescope
1.Its goals are to search for explosions in the optical regime whenever LIGO groups detect a Binary Neutron Star merger, study nearby young supernova explosions and asteroids.
2.The 0.7 m GROWTH-India telescope is located at the Indian Astronomical Observatory in Hanle, Ladakh.
Which of the above statements are true?Correct
The telescope is a joint project of the Bangalore-based Indian Institute of Astrophysics (IIA) and the Indian Institute of Technology Bombay (IITB). The fully robotic optical research telescope is designed to capture cosmic events occurring in timescales much shorter than light years – years, days and even hours.
Incorrect
The telescope is a joint project of the Bangalore-based Indian Institute of Astrophysics (IIA) and the Indian Institute of Technology Bombay (IITB). The fully robotic optical research telescope is designed to capture cosmic events occurring in timescales much shorter than light years – years, days and even hours.
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Question 7 of 10
7. Question
2 pointsWhich of the following statements are true about the Young Scientists Program?
1. Program launched by the Department of Science and Technology is primarily aimed at imparting basic knowledge on Space Technology, Space Science and Space Applications to the younger ones.
2. The residential training programme will be of around two weeks duration during summer holidays.
3. It selects 3 students each from each State/ Union Territory to participate in this programme every year.
Choose the correct answer using the codes given belowCorrect
ISRO has chalked out this programme to “Catch them young”. The schedule will include invited talks, experience sharing by the eminent scientists, facility and lab visits, exclusive sessions for discussions with experts, practical and feedback sessions. Those who have finished 8th standard and currently studying in 9th standard will be eligible for the programme. Students who are studying in India including OCI are eligible for the programme. The selection is based on the 8th Standard academic performance and extracurricular activities.
Incorrect
ISRO has chalked out this programme to “Catch them young”. The schedule will include invited talks, experience sharing by the eminent scientists, facility and lab visits, exclusive sessions for discussions with experts, practical and feedback sessions. Those who have finished 8th standard and currently studying in 9th standard will be eligible for the programme. Students who are studying in India including OCI are eligible for the programme. The selection is based on the 8th Standard academic performance and extracurricular activities.
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Question 8 of 10
8. Question
2 pointsConsider the following statements about Space Activities Bill
1.The new Bill encourages the participation of non-governmental/private sector agencies in space activities in India under the guidance and authorisation of the government through the Department of Space.
2.A non-transferable licence shall be provided by the Central Government to any person carrying out commercial space activity.
Which of the above statements are true?Correct
Other features of the Bill:-
- The government will maintain a register of all space objects (any object launched or intended to be launched around the earth) and develop more space activity plans for the country.
- It will provide professional and technical support for commercial space activity and regulate the procedures for conduct and operation of space activity.
- It will share details about the pricing of products created by space activity and technology with any person or any agency in a prescribed manner.
Incorrect
Other features of the Bill:-
- The government will maintain a register of all space objects (any object launched or intended to be launched around the earth) and develop more space activity plans for the country.
- It will provide professional and technical support for commercial space activity and regulate the procedures for conduct and operation of space activity.
- It will share details about the pricing of products created by space activity and technology with any person or any agency in a prescribed manner.
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Question 9 of 10
9. Question
2 pointsWhich of the following rules regarding regulation of NIDHI companies are true?
1. Nidhi Company is a unique form of Non-Banking Financial Company (NBFC) that has incorporated under Section 406 of the Companies Act, 2013.
2. To start a Nidhi business, a company must have a minimum paid-up share capital of Rs 50,000.
3. A company ought to have a minimum of 3 Directors and 7 Shareholders to register itself as a Nidhi Company.
Choose the correct answer using the codes given belowCorrect
The Ministry of Corporate Affairs (MCA) governs Nidhi Company rules and regulations. Moreover, the Reserve Bank of India directs its deposit acceptance activities and issues new amendments for a Nidhi. To start a Nidhi business, a company must have a minimum paid-up share capital of Rs 5,00,000. Other requirements for incorporation of NIDHI company: The activities of lending and borrowing of Nidhi must immerse the interest of its members only. Also, the end goal of thrift and savings should be confined to the Nidhi members and no third-party. As per Nidhi Company rules and regulations, no such company can issue preference shares before or after incorporation. Within one year of incorporation of Nidhi, the company must endure a minimum number of 200 members or shareholders.
Incorrect
The Ministry of Corporate Affairs (MCA) governs Nidhi Company rules and regulations. Moreover, the Reserve Bank of India directs its deposit acceptance activities and issues new amendments for a Nidhi. To start a Nidhi business, a company must have a minimum paid-up share capital of Rs 5,00,000. Other requirements for incorporation of NIDHI company: The activities of lending and borrowing of Nidhi must immerse the interest of its members only. Also, the end goal of thrift and savings should be confined to the Nidhi members and no third-party. As per Nidhi Company rules and regulations, no such company can issue preference shares before or after incorporation. Within one year of incorporation of Nidhi, the company must endure a minimum number of 200 members or shareholders.
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Question 10 of 10
10. Question
2 pointsConsider the following statements regarding FDI in defence sector in India
1. According to the revised guidelines, Foreign Direct Investment Cap is 100%. Foreign Direct Investment up to 49% is allowed through automatic route.
2. Infusion of fresh foreign investment within the permitted automatic route level, in a company not seeking industrial licence, resulting in change in the ownership pattern or transfer of stak, will require Government approval.
Which of the above statements are true?Correct
Other conditions of FDI policy in defence sector: FDI above 49% is approved under government route wherever it is likely to result in access to modern technology or for other reasons to be recorded. Foreign investment in the sector is subject to security clearance and guidelines of the Ministry of Defence. License applications will be considered and licenses given by the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, in consultation with the Ministry of Defence and Ministry of External Affairs.
Incorrect
Other conditions of FDI policy in defence sector: FDI above 49% is approved under government route wherever it is likely to result in access to modern technology or for other reasons to be recorded. Foreign investment in the sector is subject to security clearance and guidelines of the Ministry of Defence. License applications will be considered and licenses given by the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, in consultation with the Ministry of Defence and Ministry of External Affairs.
