ID : 1070145 Name : POLATHALA NAGARJUNA

Test : [Daily test 3rd July, 2019] Date : 03-Jul-2019

1) Who released 'the Education at a Glance, 2018' report?

(a) World Bank [9.68%]

(b) OECD [29.03%]

(c) UNDP [14.52%]

(d) UNESCO [25.81%]

Your Answer : Result : Incorrect Correct by : 29.03%

Source : THE HINDU

Explanation :-
Context: Lessons from Bhutan,
The incentive of an enviable income for teachers could mitigate many ills that affect India’s education system, Page-8,(Source:
The Hindu, 2nd, July, 2019)

Ultimately, no investment that enables an educated, healthy, responsible and happy community can be deemed too high by any
society.

The short-term GDP-minded would do well to consider these words in OECD’s ‘Education at a Glance 2018’ report: “The
quality of education can be a strong predictor of a country’s economic prosperity.

Shortfalls in academic achievement are extremely costly, as governments must then find ways to compensate for them, and
ensure the social and economic welfare of all.” Governments intent on improving the quality of education they offer must step
out of incrementalism in policy-making. Improving teacher status by offering top notch salaries to attract the best to the
profession could be that revolutionary policy-step forward, which Bhutan has shown a willingness to take.

2) Consider the following statements regarding ‘Purchasing Managers’ index’(PMI)

1. It is based on monthly surveys of carefully selected companies.
2. PMI is separate for manufacturing and services.
Select the correct statements using given code below;

(a) 1 only [8.06%]

(b) 2 only [8.06%]

(c) Both 1 and 2 [46.77%]

(d) Neither 1 nor 2 [6.45%]

Your Answer : Result : Incorrect Correct by : 46.77%

Source : THE HINDU

Explanation :-
Context: Manufacturing PMI dips to 52.1 [Pg.No:13],Source: The Hindu, 2st July, 2019)

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data, manufacturing activity has stood at 52.1 in
June, 2019 down from the three-month high of 52.7 in May, 2019.
It provides information about current business conditions to company decision makers, analysts
and purchasing managers.
? PMI data is based on monthly surveys of carefully selected companies.

3) Which of the following statements is/are incorrect regarding Index of Eight Core Industries
(ICI)?

(a) It measures collective and individual performance. [12.9%]

(b) Its Base Year is 2011-12. [11.29%]

(c) It is compiled and released by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry
of Commerce & Industry. [27.42%]

(d) The eight Core Industries comprise nearly 40.27 % of the weight of items included in IIP. [16.13%]

Your Answer : Result : Incorrect Correct by : 11.29%

Source : THE HINDU

Explanation :-
Context: Core sector growth slows to 5.1% [Pg.No:13],(Source: The Hindu, 2st July, 2019)

According to the data released by the commerce and industry ministry, the growth in the eight core sectors has slowed down to
5.1% in May, 2019. This growth was lower than the 6.3% seen in April 2019.

Index of Eight Core Industries (ICI):

1. It is a monthly production volume index
2. It is the lead indicator of monthly industrial performance.
3. It measures collective and individual performance of production in selected eight core industries.
4. Base Year: 2011-12 from April, 2017

4) Which state is following on the footsteps of Assam in the task of setting up a Register of
Indigenous Inhabitants?

(a) Arunachal Pradesh [8.06%]

(b) Nagaland [70.97%]

(c) Manipur [6.45%]

(d) Tripura [1.61%]

Your Answer : Result : Incorrect Correct by : 70.97%

Source : THE HINDU

Explanation :-
Context: Imitation registry, Page-8,(Source: The Hindu, 2st July, 2019)

Nagaland is following on the footsteps of its western neighbor, Assam, in the task of setting up a
Register of Indigenous Inhabitants of Nagaland (RIIN).

Problems and challenges

1. It sounds simple, and Nagaland is considerably less populated than Assam. But the Assam
experience shows that in the complex demographics of the Northeastern States, it may not turn out that way.
2. Two years ago, a town not farther than 15 km from Dimapur, the largest city and the commercial capital of the State, passed
a resolution to place curbs on IBIs and devised ways to prevent them from integrating, living or trading in the town.

5) With respect to the ‘Samagra Shiksha’, which of the following statements is/are correct?
1. It is an Integrated Scheme for school education, which subsumes Sarva Shiksha Abhiyan
(SSA), Rashtriya Madhyamik Shiksha Abhiyan (RMSA) and Teacher Education (TE).
2. It supports States for strengthening of school infrastructure including in rural areas.
Select the correct statements using given code below

(a) 1 only [12.9%]

(b) 2 only [3.23%]

(c) Both 1 and 2 [59.68%]

(d) Neither 1 nor 2 [1.61%]

Your Answer : Result : Incorrect Correct by : 59.68%

Source : THE HINDU

Explanation :-
Context: Various steps have been taken to improve quality of education in Rural Areas (Source: PIB, 2nd, 2019)

Regarding improvement of quality of education in rural areasUnion Minister for Human Resource given a written reply in the
Lok Sabha.

The Government of India has launched ‘Samagra Shiksha’ - an Integrated Scheme for school
education, which subsumes centrally, sponsored schemes Sarva Shiksha Abhiyan (SSA), Rashtriya
Madhyamik Shiksha Abhiyan (RMSA) and Teacher Education (TE).
Bridging gender and social category gaps at all levels of school education is one of the major
objectives of the scheme.
The scheme reaches out to girls and children belonging to Scheduled Caste (SC), Scheduled Tribe
(ST), minority communities and transgender.

Provision has been made for giving preference to Special Focus Districts (SFDs), Educationally
Backward Blocks (EEBs) and Left Wing Extremist (LWE) affected districts.

6) Which of the following statement true regarding Swadesh Darshan Scheme?

1. To develop theme-based tourist circuits in the country
2. It is shared between state-center funded for the project components undertaken for public
funding.
3. To leverage the voluntary funding available for Corporate Social Responsibility
(CSR)initiatives of Central Public Sector Undertakings and corporate sector.
Select the correct statements using given code below;

(a) 1 and 2 [11.29%]

(b) 2 and 3 [1.61%]

(c) 1 and 3 [35.48%]

(d) 1, 2 and 3 [19.35%]

Your Answer : Result : Incorrect Correct by : 35.48%

Source : THE HINDU

Explanation :-
Context: Fifteen thematic tourist circuits have been identified by the government for development under the Swadesh Darshan
schem (Source: Financial Express, July 1, 2019)

To develop theme-based tourist circuits in the country. These tourist circuits will be developed on the principles of high tourist
value, competitiveness and sustainability in an integrated manner.

Objective: to develop theme-based tourist circuits in the country. These tourist clubs ircuits will be developed on the principles
of high tourist value, competitiveness and sustainability in an integrated manner.

Features of Swadesh Darshan Scheme:

100% centrally fundedfor the project components undertaken for public funding.
To leverage the voluntary funding available for Corporate Social Responsibility (CSR)initiatives of Central Public Sector
Undertakings and corporate sector.
Funding of individual project will varyfrom state to state and will be finalised on the basis of detailed project reports prepared
by PMC (Programme Management Consultant).
PMC will be a national level consultant to be appointed by the Mission Directorate.
A National Steering Committee (NSC)will be constituted with Minister in charge of M/O Tourism as Chairman, to steer the
mission objectives and vision of the scheme.
7) Which of the following statements true regarding Scheme for Trans-disciplinary Research
for India’s Developing Economy (STRIDE) ?
1. It Focuses on Humanities and Human Sciences will boost quality research on Indian
languages and knowledge systems.
2. It was launched by Ministry of Science and Technology.
Select the correct statements using given code below;

(a) 1 only [17.74%]

(b) 2 only [3.23%]

(c) Both 1 and 2 [25.81%]

(d) Neither 1 or 2 [6.45%]

Your Answer : Result : Incorrect Correct by : 17.74%

Source : THE HINDU

Explanation :-
Context: UGC announces new Initiative - Scheme for Trans-disciplinary Research for India’s Developing Economy (STRIDE)
to boost research culture in India ,(Source: PIB, 2st July, 2019)

The University Grants Commission (UGC) has approved a new scheme - 'Scheme for Trans-disciplinary Research for India's
Developing Economy' (STRIDE). ... Trans-disciplinary research goes beyond mere production of knowledge and extends to the
practical use of the knowledge outside academic endeavour.

STRIDE Objectives:

To identify young talent, strengthen research culture, build capacity, promote innovation and support trans-disciplinary
research for India’s developing economy and national development.
To fund multi institutional network high-impact research projects in humanities and human sciences.

8) Which of the following statements is/are true regarding International Whaling Commission
(IWC)?
1. It is an international body set up under International Convention for the Regulation of
Whaling (ICRW).
2. ICRW governs the commercial, scientific, and aboriginal subsistence whaling practices of
fifty-nine member nations.
Select the correct statements using given code below

(a) 1 only [6.45%]

(b) 2 only [1.61%]

(c) Both 1 and 2 [43.55%]

(d) Neither 1 nor 2 [1.61%]

Your Answer : Result : Incorrect Correct by : 43.55%

Source : THE HINDU

Explanation :-
Context: Japan has resumed commercial whale hunting after a hiatus of more than 30 years,Page-16,(Source: The Hindu, 2st
July, 2019)

Tokyo has for decades fiercely defended whale hunting despite heavy criticism from the international community. The
government and local authorities celebrate the practice as a tradition with a long history and cultural significance akin to the
hunting of whales in countries such as Norway and Iceland, where commercial hunting is permitted, or among indigenous
communities in the United States and Canada.

About IWC:

It is an international body set up under International Convention for the Regulation of Whaling (ICRW).

Functions: ICRW governs the commercial, scientific, and aboriginal subsistence whaling practices of fifty-nine member
nations.

In 1986, it adopted a moratorium on commercial whaling. This ban still continues.

9) Consider the following statements with respect to "Samagra Shiksha Scheme":

1. It is a centrally sponsored, Integrated scheme for school education to improve the quality of
school education.
2. The scheme subsumes three existing schemes: Sarva Shiksha Abhiyan (SSA), Rashtriya
Madhyamik Shikskha Abhiyan (RMSA) and Teacher Education (TE).
3. It aims at unifying learning from pre-school to class 12 levels by treating education
holistically as continuum from pre-school to class 12.

Which of the statement(s) given above is/are correct?

(a) 1 only [0%]

(b) 1 and 2 only [29.03%]

(c) 2 and 3 only [4.84%]

(d) 1, 2 and 3 [37.1%]

Your Answer : Result : Incorrect Correct by : 37.1%

Source : THE HINDU

Explanation :-
Context: Various steps have been taken to improve quality of education in Rural Areas (Source: The Hindu)

The Union Ministry of Human Resource Development (HRD) launched Samagra Shiksha scheme to improve quality of school
education.

The scheme subsumes three existing schemes: Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shikskha Abhiyan
(RMSA) and Teacher Education (TE) to treat school education holistically, from pre-school to Class XII.

Samagra Shiksha scheme:

Samagra Shiksha Scheme aims at unifying learning from pre-school to class 12 levels by treating education holistically as
continuum from pre-school to class 12. It encapsulates elements of previous scheme and focuses on digital education by giving
emphasis on integration of two Ts – Teacher and Technology.

Objectives of scheme:

Provision of quality education

Enhancing learning outcomes of students
Bridging social and gender gaps in school education
Promoting vocationalisation of education
Strengthening teacher education institutions like SCERTs and Diets to improve quality of teachers
Providing annual grant of Rs 5,000 to Rs 20,000 per school for strengthening of libraries.

10) Which of the following statements are TRUE with respect to "Essential Commodities Act
1955"?

1. It was enacted to ensure the easy availability of essential commodities to consumers and to
protect them from exploitation by unscrupulous traders.
2. The State Governments are empowered under the Act to regulate production, distribution,
supply and prices of the food items which are declared as essential commodities in the
respective States.

Select the correct answer using the code given below:

(a) 1 only [8.06%]

(b) 2 only [12.9%]

(c) Both 1 and 2 [43.55%]

(d) Neither 1 nor 2 [1.61%]

Your Answer : Result : Incorrect Correct by : 43.55%

Source : PIB
Explanation :-
Context: High Powered Committee of Chief Ministers constituted for ‘Transformation for Indian Agriculture. (Source: The
Hindu)

The Essential Commodities Act, 1955 was enacted to ensure the easy availability of essential commodities to consumers and to
protect them from exploitation by unscrupulous traders. The Act provides for the regulation and control of production,
distribution and pricing of commodities which are declared as essential. The Act aims at maintaining/increasing
supplies/securing equitable distribution and availability of these commodities at fair prices.

The State Governments are fully empowered under the Act to regulate production, distribution, supply and prices of the food
items which are declared as essential commodities in the respective States. Thus the States are the implementing agencies to
implement the EC Act, 1955 and the Prevention of Black marketing & Maintenance of Supplies of Essential Commodities Act,
1980, to ensure adequate availability of essential commodities at reasonable prices, by exercising powers delegated to them.
This is reviewed periodically at the National level.

The Centre under the Act has the power to include new commodities as and when the need arises, and can take them off the list
once the situation improves (in view of public interest).

11) With respect to the 'e-NAM' portal, consider the following statements:

1. It is pan-India electronic trading portal which networks the existing APMC mandis to create
a unified national market for agricultural commodities.
2. Small Farmers Agribusiness Consortium (SFAC) is the implementing agency of e-NAM.

Which of the statement(s) given above is/are correct?

(a) 1 only [19.35%]

(b) 2 only [6.45%]

(c) Both 1 and 2 [50%]

(d) Neither 1 nor 2 [0%]

Your Answer : Result : Incorrect Correct by : 50%

Source : PIB
Explanation :-
Context: High Powered Committee of Chief Ministers constituted for ‘Transformation for Indian Agriculture (Source: The
Hindu)

National Agriculture Market (e-NAM) is a pan-India electronic trading portal which networks the existing APMC mandis to
create a unified national market for agricultural commodities.

Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM under the aegis of Ministry of
Agriculture and Farmers’ Welfare, Government of India.

12) Consider the following statements:

1. The list of items under the Essential Commodities Act include drugs, fertilizers, pulses and
edible oils, and petroleum and petroleum products.
2. The list is flexible and the State governments can include/exclude new commodities as and
when the need arises in their respective States.

Which of the statement(s) given above is/are correct?

(a) 1 Only [11.29%]

(b) 2 Only [8.06%]

(c) Both 1 and 2 [30.65%]

(d) Neither 1 nor 2 [4.84%]

Your Answer : Result : Incorrect Correct by : 11.29%

Source : PIB
Explanation :-
Context: High Powered Committee of Chief Ministers constituted for ‘Transformation for Indian Agriculture. (Source: The
Hindu)

The list of items under the Act include drugs, fertilisers, pulses and edible oils, and petroleum and petroleum products. The
Centre can include new commodities as and when the need arises, and take them off the list once the situation improves.

If the Centre finds that a certain commodity is in short supply and its price is spiking, it can notify stock-holding limits on it for
a specified period. The States act on this notification to specify limits and take steps to ensure that these are adhered to.
Anybody trading or dealing in a commodity , be it wholesalers, retailers or even importers are prevented from stockpiling it
beyond a certain quantity.

13) The 'Right to Education' is a/an

(a) Legal Right [6.45%]

(b) Fundamental Right [82.26%]

(c) Natural Right [0%]

(d) Executive Right [0%]

Your Answer : Result : Incorrect Correct by : 82.26%

Source : PIB
Explanation :-
Context: Various steps have been taken to improve quality of education in Rural Areas (Source: The Hindu)
 The Constitution (Eighty-sixth Amendment) Act, 2002 inserted Article 21-A in the Constitution of India to provide free and
compulsory education of all children in the age group of six to fourteen years as a Fundamental Right in such a manner as the
State may, by law, determine.

14) Which of the following statements is/are not correct regarding Ponzi scheme?

(a) It is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent
investors. [9.68%]

(b) SEBI and RBI having the regulatory purview of Ponzi schemes. [30.65%]

(c) Ponzi schemes are banned under the Prize Chit and Money Circulation (Banning) Act, 1978. [8.06%]

(d) All the statements are correct [22.58%]

Your Answer : Result : Incorrect Correct by : 30.65%

Source : THE HINDU

Explanation :-
Context: The unravelling of an investment fraud
When the Bengaluru-based IMA Group of Companies wound up its operations, it not only left thousands of investors in the
lurch but also raised questions on political patronage to Ponzi schemes , Page-9, (Source: The Hindu, 29th, June, 2019)

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent
investors.

• Ponzi schemes are banned under the Prize Chit and Money Circulation (Banning) Act, 1978.
• Though it is a Central Act but the respective State governments are the enforcement agency of this law. SEBI is also not
having the regulatory purview of Ponzi schemes.
• These newly issued guidelines will allow states to make some change in their guidelines as per their localised requirements.
• These guidelines are necessary for better growth of the direct selling business. It will also help protect consumers as direct
sellers can now be identified, and goods exchanged.

On a hot day in June, shortly after Eid, software engineer Naveed Ahmed found himself standing next to homemaker Nazim
Begum and electrician Abbas Ali in a serpentine queue. In the queue were thousands of people — homemakers, salaried white-
collared workers, businessmen and hawkers — who had lined up in front of Bengaluru’s Commercial Street Police Station, all
victims of an investment fraud allegedly perpetrated by the I Monetary Advisory (IMA) Group of Companies and its founder
and managing director, Mohammed Mansoor Khan, who is in his late forties. Investigators estimate that the fraud has already
crossed ?2,500 crore in terms of loss to investors, most of whom are Muslims.

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