Quiz 113 – Answers
Questions can be found here :
Link : https://chromeias.com/cse-2020-prelims-daily-quiz-113-questions/
Q.1
b) 1 and 3 only
EXPLANATION –
Statement 1 is correct : Reason: The Ministry in the past has supported Asiatic Lion in Gujarat by including it in list of 21 critically endangered species for recovery programme and financial assistance under the species recovery component of CSS-DWH.
Statement 2 is incorrect :
Reason: Asiatic lions that once ranged from Persia (Iran) to Palamau in Eastern India were almost driven to extinction by indiscriminate hunting and habitat loss.
Q.2
b) 2 only
EXPLANATION –
Statement 1 is incorrect : Reason: The Generalized System of Preferences (GSP) is a U.S. trade program. Statement 2 is correct :
Reason: It aims to promote economic growth in the developing world by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories.
Q.3
a) 1 only
EXPLANATION –
Statement 1 is incorrect : Reason: According to latest PCA framework, banks to be placed under it are assessed on three parameters viz. Capital ratios, Asset Quality and Profitability.
Statement 2 is correct : Reason: It was first introduced after global economy incurred huge losses due to failure of financial institutions during 1980s-90s.
Q.4
c) Both 1 and 2
EXPLANATION –
Statement 1 is correct : Reason: Other restrictions include higher provisions for bad loans and disbursal only to those companies whose borrowing is above investment grades.
Statement 2 is correct : Reason: Indicators to be tracked for these three parameters are CRAR (Capital to Risk weighted Assets Ratio)/Common Equity Tier I ratio, Net NPA (non-performing assets) ratio and Return on Assets (RoA) respectively.
Q.5
d) Neither 1 nor 2
EXPLANATION –
Statement 1 is correct : Reason: Assistance from National Sports Development Fund (NSDF) has been given during last four years to sportspersons for their customized training belonging to 22 sports disciplines.
Statement 2 is correct : Reason: The National Sports Development Fund (NSDF) was established in 1998.
