MCQS

 

Q1: Consider the following statements and choose the correct option:

  1. Both the Supreme Court and High Courts have the jurisdiction to punish for contempt of court.
  2. Criminal contempt is committed when someone willfully disobeys a court order or wilfully breaches an undertaking given to the court.
  3. Civil contempt is committed when someone interferes with or obstructs the administration of justice.

 

  1. 1 only
  2. 1, 2 and 3
  3. 2 and 3 only
  4. None of the above

 

Answer: a

Explanation:

The Supreme Court and High Courts by virtue of being courts of record, have the jurisdiction to punish for contempt of court.

The power to punish for the contempt of court is given to the Supreme Court and high courts which is defined under Article 129 and Article 215 of the Indian Constitution respectively.

Civil contempt: It is committed when someone willfully disobeys a court order or wilfully breaches an undertaking given to the court.

 Criminal contempt: It consists of three forms:

Words, written or spoken, signs and actions that “scandalise” or “tend to scandalise” or “lower” or “tends to lower” the authority of any court.

Prejudices or interferes with any judicial proceeding.

Interferes with or obstructs the administration of justice.

 

Q2: Consider the following statements with respect to Purchasing Managers’ Index and choose the correct option:

  1. The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing sector.
  2. It is published every month by the Central Statistical Organization (CSO).
  3. A PMI reading at 50 indicates no change as compared to the previous month.

 

  1. 1 only
  2. 1 and 3 only
  3. 1, 2 and 3
  4. 2 only

 

Answer: b

Explanation:

The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing sector.

There are three principal producers of Purchasing Manager’s Index (PMI) namely

  1. Institute for Supply Management (ISM) – Established in 1915, Headquartered in Arizona, USA
  2. Singapore Institute of Purchasing and Materials Management (SIPMM) – Established in 1972, Located in Singapore
  3. IHS Markit Group – Located in London. IHS was established in 1959, Markit merged with IHS in 2016.

PMI values and its components play a major role in providing useful insight into the economic activity of a business to the decision-makers, market analysts, and investors.

It consists of a diffusion index that summarizes whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting.

The headline PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.

 

Q3: With reference to Ganga Utsav 2020, consider the following statements and choose the correct options:

  1. It is an annual event organised by National Mission for Clean Ganga.
  2. The mini Ganga Quest is designed to make youth and students aware of environmental issues.

 

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 and 2

 

Answer : c

Explanation

The National Mission for Clean Ganga (NMCG) celebrates the Ganga Utsav

festival every year. The three-day festival aims to promote stakeholder engagement and ensure public participation.

It celebrates mystical and cultural river Ganga through storytelling, folklores, dialogues with eminent personalities, quizzes, displaying traditional art forms, dance and music performance by renowned artists, photo galleries and exhibitions and much more.

Ganga Quest is a pan India bilingual quiz to increase public participation in Namami Gange program and encourage the youth.

However, Mini Ganga Quest is organised under Ganaga utsav. It is designed to make youth and students aware of environmental issues and explain their role in conservation.

 

Q4: Consider the following statements and choose the correct option:

  1. National Payments Corporation of India (NPCI) is a Not for Profit Company for

operating retail payments and settlement systems in India.

  1. Unified Payment Interface (UPI) transaction is currently the second biggest among the NPCI operated systems after NEFT.

 

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

 

Answer : a

Explanation

National Payments Corporation of India (NPCI), an umbrella organization for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the

provisions of the Payment and Settlement Systems Act, 2007.

It is a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013), with an intention to provide infrastructure to the entire Banking system in India for physical as well as electronic payment and settlement systems.

According to the data released by the National Payments Corporation of India

(NPCI), the total number of transactions conducted on the Bharat Interface for

Money-Unified Payments Interface (BHIM-UPI), known more simply as the UPI,

crossed the 2 billion transactions count in a month in October 2020.

 

 

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