SOL Review Questions: Society, Culture, and Domestic Affairs in US History
Daily Current Affairs (10-04-2021) Sol
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www.laexias.com - 1 - 9052 29 29 29 / 9052 49 29 29 (Hyderabad) 9121 41 29 29 / 9121 44 29 29 (Bangalore) https://elearn.laex.in LAEX Daily Current Affairs Test Date: 10-04-2021 Explanations 1. Answer: B Explanation: Qualitative Methods These instruments are used for discriminating between various uses of credit Rationing of Credit Regulation of Consumer Credit Change in Marginal Requirement Moral Suasion, etc Quantitative Tools are: Reserve Ratios (SLR and CRR) Open Market Operation (OMO) Policy Rate Bank Rate Liquidity Adjustment facility (LAF) LAF Repo Rate Marginal Standing facility (MSF) Reverse repo Rate Educational Objective: To know about the monetary policy tools Issue: RBI’s first purchase underGSAP1.0 2. Answer: C Explanation: Government Securities Acquisition Programme (G-SAP) 1.0 Under the programme, the RBI will commit upfront to a specific amount of Open Market Purchases of government securities. Hence statement 1 is correct Objective is to avoid volatility in the G-sec market in view of its central role in the pricing of other financial market instruments across the term structure and issuers, both in the public and private sectors It will provide certainty to the bond market participants with regard to RBI’s commitment of support to the bond market It will also help to reduce aggregate cost of borrowing for the centre and states in fiscal year Educational Objective: To know about the G-SAP Issue: RBI’s first purchase underGSAP1.0 3. Answer: D Explanation: Whitsun Reef It is at the northeast extreme limit of the Union Banks in the Spratly Islands of the West Philippine Sea. It is the largest reef of the Union Banks. It is V-shaped with an area of about 10 sq. km. Educational Objective: To know about the places in news Issue: Chinese vessels anchored under the Philippines’ Exclusive Economic Zones recently 4. Answer: B Explanation: South China Sea South China Sea is an arm of western Pacific Ocean in Southeast Asia. It is connected by Taiwan Strait with the East China Sea and by Luzon Strait with the Philippine Sea. It contains numerous shoals, reefs, atolls and islands. The Paracel Islands, the Spratly Islands and the Scarborough Shoal are the most important. Educational Objective: To know about the places in news
Transcript of Daily Current Affairs (10-04-2021) Sol
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LAEX Daily Current Affairs Test Date: 10-04-2021
Explanations
1. Answer: B Explanation: Qualitative Methods These instruments are used for discriminating between various uses of credit Rationing of Credit Regulation of Consumer Credit Change in Marginal Requirement Moral Suasion, etc Quantitative Tools are: Reserve Ratios (SLR and CRR) Open Market Operation (OMO) Policy Rate Bank Rate Liquidity Adjustment facility (LAF) LAF Repo Rate Marginal Standing facility (MSF) Reverse repo Rate Educational Objective: To know about the monetary policy tools Issue: RBI’s first purchase underGSAP1.0
2. Answer: C Explanation: Government Securities Acquisition Programme (G-SAP) 1.0 Under the programme, the RBI will commit upfront to a specific amount of Open Market
Purchases of government securities. Hence statement 1 is correct Objective is to avoid volatility in the G-sec market in view of its central role in the pricing of
other financial market instruments across the term structure and issuers, both in the public and private sectors
It will provide certainty to the bond market participants with regard to RBI’s commitment of support to the bond market
It will also help to reduce aggregate cost of borrowing for the centre and states in fiscal year Educational Objective: To know about the G-SAP Issue: RBI’s first purchase underGSAP1.0
3. Answer: D Explanation: Whitsun Reef It is at the northeast extreme limit of the Union Banks in the Spratly Islands of the West
Philippine Sea. It is the largest reef of the Union Banks. It is V-shaped with an area of about 10 sq. km. Educational Objective: To know about the places in news Issue: Chinese vessels anchored under the Philippines’ Exclusive Economic Zones recently
4. Answer: B Explanation: South China Sea South China Sea is an arm of western Pacific Ocean in Southeast Asia. It is connected by Taiwan Strait with the East China Sea and by Luzon Strait with the
Philippine Sea. It contains numerous shoals, reefs, atolls and islands. The Paracel Islands, the Spratly Islands
and the Scarborough Shoal are the most important. Educational Objective: To know about the places in news
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LAEX Daily Current Affairs Test Date: 10-04-2021
Issue: Chinese vessels anchored under the Philippines’ Exclusive Economic Zones recently 5. Answer: B Explanation: The Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021 The Chairperson and Members of the Tribunals will be appointed by the central government on the
recommendation of a Search-cum-Selection Committee. The Committee will consist of: Chief Justice of India, or a Supreme Court Judge nominated by him, as the Chairperson (with
casting vote), Secretaries nominated by the central government, The sitting or outgoing Chairperson, or a retired Supreme Court Judge, or a retired Chief Justice
of a High Court. The Secretary of the Ministry under which the Tribunal is constituted (with no voting right). The term of office for the Chairperson of the tribunals will be of four years or till the attainment of the age of seventy years, whichever is earlier. Hence statement 2 is not correct For other members of the tribunals, the term will be of four years or till the age of sixty-seven years, whichever is earlier. Educational Objective: To know about the Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021 Issue: government has amended 10 laws through Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021
6. Answer: D Explanation: Tribunals Tribunals were not originally a part of the Constitution. The 42nd Amendment Act 1976 introduced provision for tribunals in accordance with the
recommendations of the Swaran Singh Committee. Hence statement 3 is not correct They are the quasi-judicial institution that is set up to deal with problems such as resolving
administrative or tax-related disputes. They performs a number of functions like adjudicating disputes, determining rights between
contesting parties, making an administrative decision, reviewing an existing administrative decision and so forth.
Educational Objective: To know about the Tribunals Issue: government has amended 10 laws through Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021
7. Answer: A Explanation: Net-Zero Goal It is a state in which a country’s emissions are compensated by absorption and removal of
greenhouse gases from the atmosphere. Absorption of the emissions can be increased by creating more carbon sinks such as forests, while
the removal of gases from the atmosphere requires futuristic technologies such as carbon capture and storage.
Educational Objective: To know about the Global Efforts to mitigate climate change Issue: U.S. officials on Climate visited India to check if India is ready to commit to net zero carbon emissions by 2050
8. Answer: A Explanation: Cotton is cultivated by many countries around the globe, with four main types of cotton
growing commonly, which are Gossypium hirsutum, Gossypium barbadense, Gossypium Arboretum and Gossypium herbaceum.
For the season 2019/2020 the Top 10 cotton producers are India, China, United States, Brazil,
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LAEX Daily Current Affairs Test Date: 10-04-2021
Pakistan, Turkey, Usbekistan, Mexico, Australia and Mali. Africa as continent delivers a total of 1.7 Million tons of cotton to its customers.
Educational Objective: To know about the various agri productions Issue: Recently Pakistan government rejected its high-powered committee proposal to import cotton
from India 9. Answer: C
Explanation: Copyright (Amendment) Rules, 2021 In India, the copyright regime is governed by the Copyright Act, 1957 and the Copyright Rules,
2013. The Copyright Rules, 2013 were last amended in the year 2016. Objective of the amendments is o bring the existing rules in parity with other relevant
legislations. Provisions Eliminated the publication of a copyrights journal in Official Gazette Copyright societies must submit an Annual Transparency Report for each financial year Extended the time limit for the Central Government to respond to an application made before it
for registration to 180 days Eased the registration process for software works (applicant can submit first 10 and last 10
pages of source code, or the entire source code if less than 20 pages) Enables to use electronic and traceable payment methods while collection and distribution of
royalties. Hence statement 1 is correct Educational Objective: To know about the Copyright (Amendment) Rules, 2021. Issue: Government has notified Copyright (Amendment) Rules, 2021
10. Answer: D Explanation: There is a difference between patents, trademarks, and copyrights. Patents: Patents protect new, useful, and non-obvious inventions (ideas!). An invention can be a
device, a structure, process, machinery, etc. Trademarks: Trademarks protect source identifications, usually for brands, slogans, logos, or designs
(sometimes even scents or colors). A trademark protection may extend perpetually. Copyrights: Copyrights protect original textual works and visual or artistic expressions. Educational Objective: To know about the IPRs Issue: Government has notified Copyright (Amendment) Rules, 2021.
