MCQS
Q1. Consider the following statements about the Deputy Speaker and choose the incorrect option :
- The Deputy Speaker must resign from the original party soon after his/her election to the post.
- The Constitution of India states that the position of Deputy Speaker should be offered to the opposition party in India.
- The Deputy Speaker can be removed from office by a resolution passed in the Lok Sabha by an absolute majority.
- 3 only
- 2 and 3 only
- 1 and 2 only
- 1, 2 and 3
Q2. ‘SAROD-Ports’ is:
- A dispute redressal mechanism to facilitate affordable and timely resolution of disputes in the maritime sector.
- An application launched as a part of the Maritime Crime Programme (MPC) to counter piracy activities in the Indian Ocean.
- A flagship programme of the Ministry of Shipping to promote port-led development by modernising India’s ports.
- A scheme for providing financial support to oil handling Major Ports for the creation of Tier-I oil spill response facility.
Q3. Consider the following statements with respect to Monetisation of deficit and choose the correct option:
- Monetisation of deficit happens when RBI buys government securities directly from the primary market to fund the government’s expenses.
- The exercise leads to an increase in the total money supply in the system.
- Monetisation of deficit carries a risk of inflation.
- 1 only
- 1 and 2 only
- 1, 2 and 3
- 2 and 3 only
Q4:
With reference to the ‘Five Star Villages’ scheme, consider the following statements and choose the correct options:
- It is launched by the Ministry of Rural Development.
- It aims to provide universal coverage of flagship postal schemes in rural areas.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 and 2
MCQS
Q1. Consider the following statements about the Deputy Speaker and choose the incorrect option :
- The Deputy Speaker must resign from the original party soon after his/her election to the post.
- The Constitution of India states that the position of Deputy Speaker should be offered to the opposition party in India.
- The Deputy Speaker can be removed from office by a resolution passed in the Lok Sabha by an absolute majority.
- 3 only
- 2 and 3 only
- 1 and 2 only
- 1, 2 and 3
Answer: d
Explanation:
Article 93 of the Constitution provides for the election of both the Speaker and the Deputy Speaker.
It is by convention that the position of Deputy Speaker is offered to the opposition party in India.
The Deputy Speaker can be removed from office by a resolution passed in the Lok Sabha by an effective majority of its members.
Q2. ‘SAROD-Ports’ is:
- A dispute redressal mechanism to facilitate affordable and timely resolution of disputes in the maritime sector.
- An application launched as a part of the Maritime Crime Programme (MPC) to counter piracy activities in the Indian Ocean.
- A flagship programme of the Ministry of Shipping to promote port-led development by modernising India’s ports.
- A scheme for providing financial support to oil handling Major Ports for the creation of Tier-I oil spill response facility.
Answer: a
Explanation:
Society for Affordable Redressal of Disputes – Ports (SAROD-Ports) is a dispute redressal mechanism to facilitate affordable and timely resolution of disputes for the maritime sector.
It has been established under the Societies Registration Act, 1860 for affordable and timely resolution of disputes in a fair manner.
SAROD-Ports consists of members from the Indian Ports Association (IPA) and Indian Private Ports and Terminals Association (IPTTA).
Q3. Consider the following statements with respect to Monetisation of deficit and choose the correct option:
- Monetisation of deficit happens when RBI buys government securities directly from the primary market to fund the government’s expenses.
- The exercise leads to an increase in the total money supply in the system.
- Monetisation of deficit carries a risk of inflation.
- 1 only
- 1 and 2 only
- 1, 2 and 3
- 2 and 3 only
Answer: c
Explanation:
Monetisation of deficit means printing more money.
Monetised deficit is the monetary support the Reserve Bank of India (RBI) extends to the Centre as part of the government’s borrowing programme.
Monetisation of deficit happens when RBI buys government securities directly from the primary market to fund the government’s expenses.
An important consequence of this is that it triggers a spike in the inflation rate.
Also known as debt monetisation, the exercise leads to an increase in total money supply in the system, and hence inflation, as RBI creates fresh money to purchase the bonds.
Q4:
With reference to the ‘Five Star Villages’ scheme, consider the following statements and choose the correct options:
- It is launched by the Ministry of Rural Development.
- It aims to provide universal coverage of flagship postal schemes in rural areas.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 and 2
Answer : b
Explanation
The Department of Posts (Ministry of Communications) has launched Five Star Villages scheme. The scheme seeks to bridge the gaps in public awareness and reach of postal products and services, especially in interior villages.
The scheme also envisages to ensure universal coverage of flagship postal schemes in rural areas of the country.
There are three components of the scheme:
Product and Service Availability,
Product and Service Publicity
Product and Service Marketing
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