CSE-2020 | Prelims Daily Quiz 114 [Answers]

Quiz 114 – Answers


Questions can be found here :

Link : https://chromeias.com/cse-2020-prelims-daily-quiz-114-questions/


Q.1

c) Maximising the opportunities arising from the fourth industrial revolution

EXPLANATION –

PartNIR aims at deepening BRICS cooperation in digitalisation, industrialisation, innovation, inclusiveness and investment, to maximise the opportunities and address the challenges arising from the 4th Industrial Revolution. It should enhance comparative advantages, boost economic growth, promote economic transformation of BRICS countries, strengthen sustainable industrial production capacity, create networks of science parks and technology business incubators, and support small and medium-sized enterprises in technology intensive areas


Q.2

c) Both 1 and 2

EXPLANATION –

Statement 1 is correct : Reason: The government of India has decided to raise the maximum time limit below which a firm would be deemed eligible for angel tax exemption to 10 years from the earlier seven.

Statement 2 is correct : Reason: The paid-up share capital threshold below which startups would be eligible for an exemption has been set at ₹25 crore.


Q.3

c) Both 1 and 2

EXPLANATION –

Statement 1 is correct : Reason: The World Bank has approved AtalBhujalYojana (ABHY), a Rs.6000 Crore scheme, for sustainable management of ground water with community participation.

Statement 2 is correct : Reason: The funding pattern is 50:50 between Government of India and World Bank.


Q.4

d) None of the above

EXPLANATION –

Statement 1 is incorrect : Reason: India will set-up a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC), such as the Gujarat International Finance Tec-City (GIFT) in Gandhinagar.

Statement 2 is incorrect :

Reason: The unified agency will have a chairperson and one member each to be nominated by RBI, Sebi, IRDAI and PFRDA, apart from two members who nominated by the Centre and two whole-time or full-time or part-time members.

Statement 3 is incorrect


Q.5

b) 2 only

EXPLANATION –

Statement 1 is incorrect : Reason: Benefits under this scheme will be delivered through Direct Benefit Transfer to the bank account of the beneficiary at the rate of Rs 500 per month for the duration of their treatment.

Statement 2 is correct : Reason: It has been initiated from April 1, 2018.


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