Quiz 90 – Answers
Questions can be found here :
Link : https://chromeias.com/cse-2020-prelims-daily-quiz-90-questions/
Q.1
b) 2 and 3 only
EXPLANATION –
The financial stability report is released by the Reserve Bank of India.
NPA in terms of RBI regulations result out of non-payment of interest for a period of 90 days or non-payment of principle amount for 90 days or more. So beyond that point, it is called Non-Performing Asset.
The centre last week accepted Project Sashakt, a five-pronged strategy to resolve bad loans. Project Sashakt was proposed by a panel led by PNB chairman Sunil Mehta.
Q.2
c) A is correct while R is incorrect
EXPLANATION –
A trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others. The term “trademark” is often used to refer to both trademarks and service marks.
Unlike patents and copyrights, trademarks do not expire after a set term of years. Instead, a trademark can last forever, so long as the owner continues to use the mark in commerce to indicate the source of goods and services. It is part of indicators of Intellectual Property Right.
Q.3
b) 2 only
EXPLANATION –
The 11th Nuclear Energy Conclave, organized by the India Energy Forum, was held in New Delhi on 18th October 2019. The theme of the Conclave was: “Economics of Nuclear Power- Innovation towards Safer & Cost Effective Technologies”.
Earlier the Atomic power plants were restricted in Southern India, now the Government is setting up the nuclear plants in other parts of the country. A nuclear plant is coming up in the Gorakhpur of Haryana.
Q.4
c) The rate charged to a merchant for payment processing services on debit and credit card transactions.
EXPLANATION –
The merchant discount rate is the rate charged to a merchant for payment processing services on debit and credit card transactions. The merchant must set up this service and agree to the rate prior to accepting debit and credit cards as payment.
Q.5
d) 1 and 3 only
EXPLANATION –
The Food Safety and Standard Authority of India (FSSAI) released the National Milk Sample Safety Quality Survey.
In terms of safety parameters, 4% of the total processed milk samples (nearly 2,600) failed to comply with the FSSAI norm as contaminants like aflatoxin-M1 were found.
Aflatoxin M1 is a chemical compound which contaminates plant and plant products. IT comes in the milk through feed and fodder that are currently not regulated in the country. In large doses, aflatoxins can be life threatening, usually through damage to liver.
India is the world’s largest producer of milk.
