Q. 27. Which of the following option is not correct about Coir Geo Textile:
      (a) It is naturally resistant to rot, molds and moisture.
      (b) It is totally biodegradable, and helps in soil stabilisation
      (c) It has a permeable, natural and strong fabric with high durability
      (d) Coir is a 100% natural fiber, obtained from a non-renewable source.
Q. 28. Consider the following statements Industry status to sports:
      1. The industry status would help the state to meet the requirements of sportspersons and others involved in the sector.
      2. The status would ensure sustainability, proper registration and management of sports.
      3. Mizoram has a pool of footballers playing for premier clubs across the country.
Which of the given statements are correct?
      (a) 1 and 2
      (b) 2 and 3
      (c) 3 only
      (d) 1, 2 and 3
Q. 29. Consider the following statements about Bharat Stage norms:
      1. These are emission standards, introduced in 2000.
      2. This standard set for automobile industry which quantifies the emission of pollutants like NO, PM etc.
      3. The major difference in standards between the existing BS-IV and the new BS-VI auto fuel norms is the presence of methen and sulphur.
Which of the given statements are correct?
      (a) 2 and 3
      (b) 3 only
      (c) 1 and 2
      (d) 1, 2 and 3
Q. 30. Consider the following statements about MSMEs:
      1. Under the Economic package ₹33 lakh crore loan for the MSME sector was announced to revitalised the sector.
      2. The MSMEs are India’s largest export sector with top ranking in business index.
Which of the given statements are correct?
      (a) 1 and 2
      (b) 1 only
      (c) 2 only
      (d) Neither 1 nor 2
Q. 31. Consider the following statements about Risk Free Status:
      1. Zero risk indicates that the banks will have to set aside additional capital for these loans.
      2. Zero risk would mean that banks will not have to set aside additional capital for these loans.
Which of the given statements is/are correct?
      (a) 1 and 2
      (b) 1 only
      (c) 2 only
      (d) Neither 1 nor 2
Q. 32. Consider the following statements about Guaranteed Emergency Credit Line (GECL) facility:
      1. Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC).
      2. The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
      3. The scheme is for all state owned banks, MSMEs and MUDRA borrowers.
Which of the given statements is/are not correct?
      (a) 2 and 3
      (b) 3 only
      (c) 1 and 2
      (d) 1, 2 and 3
Q. 33. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is:
      (a) To make available collateral-free credit to the micro and small enterprise sector
      (b) To make available all inter-state facilities for enterprise sector
      (c) To make available collaborative credit for all enterprise sector
      (d) It is to make all sectors more collaborative
Q. 34. Consider the following statements about Consumer Price Index for Industrial Workers (CPI-IW):
      1. Consumer Price Index for Industrial Workers (CPI-IW) has 260 items.
      2. The Index has 2010 as a base year and announced twice a year based on this index.
Which of the given statements are correct?
      (a) 1 only
      (b) 2 only
      (c) 1 and 2
      (d) Neither 1 nor 2
Q. 35. Energy Progress Report is released by:
      (a) Ministry of Energy
      (b) UNDP
      (c) International Solar Alliance
      (d) International Energy Agency

Answers

27. Which of the following option is not correct about Coir Geo Textile:

      (a) It is naturally resistant to rot, molds and moisture.

      (b) It is totally biodegradable, and helps in soil stabilisation

      (c) It has a permeable, natural and strong fabric with high durability

      (d) Coir is a 100% natural fiber, obtained from a non-renewable source.

Answer: (d)

Explanation:

All the options are correct except (d)

 

28. Consider the following statements Industry status to sports:

  1. The industry status would help the state to meet the requirements of sportspersons and others involved in the sector.
  2. The status would ensure sustainability, proper registration and management of sports.
  3. Mizoram has a pool of footballers playing for premier clubs across the country.

Which of the given statements are correct?

      (a) 1 and 2

      (b) 2 and 3

      (c) 3 only

      (d) 1, 2 and 3

Answer: (d)

Explanation:

  1. Statement 1 is correct: The industry status would help the state to meet the requirements of sportspersons and others involved in the sector.
  2. Statement 2 is correct: The status would ensure sustainability, proper registration and management of sports.
  3. Statement 3 is correct: Mizoram has a pool of footballers playing for premier clubs across the country.

 

For more details read the following information

 

Industry status to sports

  • Mizoram has a pool of footballers playing for premier clubs across the country.
  • The State has also done well in hockey and weightlifting in recent years.
  • To tap the potentials of players, Mizoram Cabinet has granted industry status to sports, a move aimed at generating employment.
  • Mizoram government seek to invest more in sports for the generation of employment and increasing value.
  • The industry status would help the state to meet the requirements of sportspersons and others involved in the sector.
  • Sports investors and promoters will benefit from it but the sportspersons will be the ultimate beneficiaries.
  • The status would ensure sustainability, proper registration and management of sports.

 

29. Consider the following statements about Bharat Stage norms:

  1. These are emission standards, introduced in 2000.
  2. This standard set for automobile industry which quantifies the emission of pollutants like NO, PM etc.
  3. The major difference in standards between the existing BS-IV and the new BS-VIauto fuel norms is the presence of methen and sulphur.

Which of the given statements are correct?

      (a) 2 and 3

      (b) 3 only

      (c) 1 and 2

      (d) 1, 2 and 3

Answer: (c)

Explanation:

  1. Statement 1 is correct: Bharat Stage emission standards, introduced in 2000.
  2. Statement 2 is correct: this standard set for automobile industry which quantifies the emission of pollutants like NO, PM etc.
  3. Statement 3 is incorrect: The major difference in standards between the existing BS-IV and the new BS-VIauto fuel norms is the presence of sulphur.

 

For more details read the following information

 

L7 (Quadricycle)

The Ministry of Road Transport and Highways has issued notification regarding the emission norms for L7 (Quadricycle) category for BS VI.

What is L7 category of vehicles?

  • The European Classification for vehicle category notifies vehicles with M, N and L categories.
  • L – Motor vehicles with less than four wheels and some lightweight four-wheelers.
  • L6 – A vehicle with four wheels whose unladen mass is not more than 350 kg, not including the mass of the batteries in case of BEV’s, whose maximum design speed is not more than 45 km/h, and whose power does not exceed 4 kW.
  • L7 – Other than that classified for the category L6, whose unladen mass is not more than 450 kg (650 kg for those intended to carrying goods), not including the mass of batteries in the case of BEV’s, whose power does not exceed 15 kW.
  • There are two categories of quadricycles: light quadricycles (L6e) and heavy quadricycles (L7e).

What are Bharat Stage norms?

  • Bharat Stage emission standards, introduced in 2000, are emission standards that have been set up the Central government to regulate the output of air pollutants from internal combustion engine equipment, including motor vehicles.
  • Bharat Emission Standards (BS) is standard set for automobile industry which quantifies the emission of pollutants like NO, PM etc.
  • This concept is borrowed from European Standards which are currently undergoing Euro VI standards as against our BS IV.

Difference between BS-IV and BS-VI

  • The major difference in standards between the existing BS-IV and the new BS-VI auto fuel norms is the presence of sulphur.
  • The newly introduced fuel is estimated to reduce the amount of sulphur released by 80 per cent, from 50 parts per million to 10 ppm.
  • As per the analysts, the emission of NOx (nitrogen oxides) from diesel cars is also expected to reduce by nearly 70 per cent and 25 per cent from cars with petrol engines.
  • Current rise of pollution and life threatening breathing air in metropolitan cities have pushed government to rethink and decided to follow better standards like BS VI by even skipping BS V.

 

30. Consider the following statements about MSMEs:

  1. Under the Economic package ₹33 lakh crore loan for the MSME sector was announced to revitalised the sector.
  2. The MSMEs are India’s largest export sector with top ranking in business index.

Which of the given statements are correct?

      (a) 1 and 2

      (b) 1 only

      (c) 2 only

      (d) Neither 1 nor 2

Answer: (d)

Explanation:

  1. Statement 1 is incorrect: a ₹3 lakh crore loan for the MSME sector was announced.
  2. Statement 2 is incorrect: read the following.

 

For more details read the following information

 

Loans to MSMEs may get ‘risk-free’ tag

  • The Reserve Bank of India (RBI) is likely to allow banks to assign zero risk weight for loans that will be extended to the micro, medium and small enterprises (MSMEs) under the ₹20 lakh crore economic package announced by the government.

More Information

  • As part of the package, a ₹3 lakh crore loan for the MSME sector was announced.
  • This will be guaranteed by the National Credit Guarantee Trustee Company Limited (NCGTC) in the form of a Guaranteed Emergency Credit Line (GECL) facility.
  • However, such loans would attract a risk weight of a minimum 20% since these don’t come with direct government guarantee.
  • The Finance Ministry had requested the central bank to make these loans risk free, following an interaction with banks.
  • This facility is similar to the loans that are guaranteed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
  • After banks highlighted the issue with the government, the Finance Ministry asked the RBI to waive the requirement of assigning a risk weight to the loans.
    • The RBI is likely to waive the requirement of risk weight.
    • The Finance Ministry is expected to issue detailed guidelines on this credit guarantee loan issue.
  • Sources said that the government had factored in less than 15% non-performing assets from this ₹3 lakh crore of loans.
  • Though primarily meant for the MSME sector, other small borrowers including non-banking financial companies can also avail themselves of the scheme.
  • The scheme will be applicable till October 31 2020, or till an amount of ₹3 lakh crore is sanctioned, whichever is earlier.
  • Zero risk would mean that banks will not have to set aside additional capital for these loans. The move is aimed at encouraging lenders to extend credit, as banks have turned risk averse and have been reluctant to lend.
  • The banks had been asked to extend loans automatically to eligible borrowers without fear of the ‘3Cs’ — CBI, CVC and CAG.
  • The tenure of loan under this scheme will be four years, with a moratorium period of one year on the principal amount. The NCGTC will not charge any guarantee fee.
  • The interest rate under the scheme is 9.25% if the loan is extended by banks and financial institutions, and 14% if by NBFCs.

 

 

31. Consider the following statements about Risk Free Status:

  1. Zero risk indicates that the banks will have to set aside additional capital for these loans.
  2. Zero risk would mean that banks will not have to set aside additional capital for these loans.

Which of the given statements is/are correct?

      (a) 1 and 2

      (b) 1 only

      (c) 2 only

      (d) Neither 1 nor 2

Answer: (c)

Explanation:

  1. Statement 1 is incorrect: Zero risk would mean that banks will not have to set aside additional capital for these loans.
  2. Statement 2 is correct: Zero risk would mean that banks will not have to set aside additional capital for these loans.

 

For more details read the following information

 

Risk Free Status

  • The Reserve Bank of India (RBI) is likely to allow banks to assign zero risk weight for loans that will be extended to the micro, medium and small enterprises (MSMEs) under the Atmanirbar Bharat package.
  • Zero risk would mean that banks will not have to set aside additional capital for these loans.
  • The move is aimed at encouraging lenders to extend credit, as banks have turned risk averse and have been reluctant to lend.
  • The Finance Ministry had requested the central bank to make these loans risk free, following an interaction with banks.
  • As a part of the package, a ₹3 lakh crore loan for the MSME sector was announced.
  • This will be guaranteed by the National Credit Guarantee Trustee Company Limited (NCGTC) in the form of a Guaranteed Emergency Credit Line (GECL) facility.
  • However, such loans would attract a risk weight of a minimum 20% since these don’t come with direct government guarantee.
  • This facility is similar to the loans that are guaranteed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
  • After banks highlighted the issue with the government, the Finance Ministry asked the RBI to waive the requirement of assigning a risk weight to the loans.
  • The RBI is likely to waive the requirement of risk weight, the Finance Ministry is expected to issue detailed guidelines on this credit guarantee loan issues.

Guaranteed Emergency Credit Line (GECL) facility

  • The Union Cabinet has given its approval for the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs and MUDRA borrowers.
  • Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and interested MUDRA borrowers.
  • The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
  • The scheme will be applicable till October 31, or till an amount of ₹3 lakh crore is sanctioned, whichever is earlier.
  • Tenor of the loan under Scheme shall be four years with a moratorium period of one year on the principal amount.
  • No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.
  • Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.

National Credit Guarantee Trustee Company Limited (NCGTC)

  • National Credit Guarantee Trustee Company Ltd (NCGTC) is a private limited company incorporated under the Companies Act 1956.
  • In 2014 it was established by the Department of Financial Services, Ministry of Finance, as a wholly owned company of the Government of India, to act as a common trustee company for multiple credit guarantee funds.
  • Credit guarantee programmes are designed to share the lending risk of the lenders and in turn, facilitate access to finance for the prospective borrowers.
  • The common architecture of NCGTC has been designed to handle multiple guarantee programmes under a single umbrella organization.
  • This is with a view to achieve operational efficiencies and economies of scale through sharing of resources such as Technology, premises, manpower, risk management solutions and other support services.
  • The intent of NCGTC is therefore, to manage multiple guarantee schemes as part of a larger financial inclusion programme of the government covering different cross-sections and segments of the economy like students, micro entrepreneurs, women entrepreneurs, SMEs, skill and vocational training needs, etc.
  • Presently, there are five dedicated credit guarantee Trusts under the Management of NCGTC viz.
  1. Credit Guarantee Fund Scheme for Educational Loans (CGFEL),
  2. Credit Guarantee Fund Scheme for Skill Development (CGFSD),
  3. Credit Guarantee Fund Scheme for Factoring (CGFF),
  4. Credit Guarantee Fund for Micro Units (CGFMU).
  5. Credit Guarantee Fund for Stand up India (CGFSI).
  • Cumulatively, these five Trusts have a committed credit guarantee corpus of ₹ 13,000 crore.

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

  • Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector.
  • Both the existing and the new enterprises are eligible to be covered under the scheme.
  • The Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises.
  • The scheme was formally launched in 2000.
  • The corpus of CGTMSE is being contributed by the GoI and SIDBI in the ratio of 4:1 respectively.

 

 

32. Consider the following statements about Guaranteed Emergency Credit Line (GECL) facility:

  1. Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC).
  2. The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
  3. The scheme is for all state owned banks, MSMEs and MUDRA borrowers.

Which of the given statements is/are not correct?

      (a) 2 and 3

      (b) 3 only

      (c) 1 and 2

      (d) 1, 2 and 3

Answer: (b)

Explanation:

  1. Statement 1 is correct: Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC).
  2. Statement 2 is correct: The credit will be provided in the form of a Guaranteed Emergency Credit Line (GECL) facility.
  3. Statement 3 is incorrect: The Union Cabinet has given its approval for the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs and MUDRA borrowers

For more details read the above (que no 13) explanation.

 

33. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is:

      (a) To make available collateral-free credit to the micro and small enterprise sector

      (b) To make available all inter-state facilities for enterprise sector

      (c) To make available collaborative credit for all enterprise sector

      (d) It is to make all sectors more collaborative

Answer: (a)

Explanation:

All the options are incorrect except (a)

 

 

 

34. Consider the following statements about Consumer Price Index for Industrial Workers (CPI-IW):

  1. Consumer Price Index for Industrial Workers (CPI-IW) has 260 items.
  2. The Index has 2010 as a base year and announced twice a year based on this index.

Which of the given statements are correct?

      (a) 1 only

      (b) 2 only

      (c) 1 and 2

      (d) Neither 1 nor 2

Answer: (a)

Explanation:

  1. Statement 1 is correct: Consumer Price Index for Industrial Workers (CPI-IW) has 260 items.
  2. Statement 2 is incorrect: in its basket with 2001 as the base year. Dearness Allowance is announced twice a year based on this index.

 

For more details read the following information

 

Consumer Price Index for Industrial Workers (CPI-IW)

  • The All-India CPI-IW for April, 2020increased by 3 points and stood at 329 (three hundred and twenty nine). On 1-month percentage change, it increased by (+) 0.92 per cent between March and April, 2020compared to (+) 0.97 per cent increase between corresponding months of previous year.

What is Consumer Price Index?

  • Consumer Price Index or CPI is the measure of changes in the price level of a basket of consumer goods and services bought by households.
  • CPI is a numerical estimation calculated using the rates of a sample of representative objects the prices of which are gathered periodically. Depending upon the socio-economic differentiations among consumers, India has four differing sets of CPI with some differentials in the basket of commodities allotted to them.
  1. CPI-IW – The Consumer Price Index for the industrial workers (CPI-IW) has 260 items (plus the services) in its basket with 2001 as the base year. Dearness Allowance is announced twice a year based on this index. Pay Commission recommends pay revisions based on CPI(IW). Labour Bureau compiles CPI-IW.
  2. CPI-UNME – The Consumer Price Index for the Urban Non- Manual Employees (CPI-UNME) has 1984–85 as the base year. This price index has limited use and it is basically used for determining dearness allowances (DAs) of employees of some foreign companies operating in India. It is also used under the Income Tax Act to determine capital gains and by the CSO (Central Statistical Organisation) for deflating selected services sector’s contribution to the GDP at factor cost and current prices to calculate the corresponding figure at constant prices. Labour Bureau compiles CPI-UNME.
  3. CPI-AL – The Consumer Price Index for Agricultural Labourers (CPI-AL) has 1986–87 as its base year. This index is used for revising minimum wages for agricultural labourers in different states. The governments at the Centre and states remain vigilant regarding the changes in this index as it shows the price impact on the most vulnerable segment of the society, this segment spends almost 75 per cent of its total income on the purchase of food articles. Labour Bureau compiles CPI-AL.
  4. CPI-RL – There is yet another Consumer Price Index for the Rural Labourers (CPI-RL) with 1983 as the base year. The agricultural and rural labourers in India create an overlap, i.e., the same labourers work as the rural labourers once the farm sector has either low or no employment scope. The Central Statistics Office (CSO) which is now the National Statistical Office (NSO) compiles this data.

 

 

35. Energy Progress Report is released by:

      (a) Ministry of Energy

      (b) UNDP

      (c) International Solar Alliance

      (d) International Energy Agency

Answer: (d)

Explanation:

All the options are incorrect except (d)

 

For more details read the following information

 

Energy Progress Report

  • The Energy Progress Report was released by the International Energy Agency, the International Renewable Energy Agency, the United Nations Statistics Division, the World Bank and the World Health Organization.

More Information

  • The United Nations-mandated SDG 7 is aimed at ensuring universal access to affordable, reliable, sustainable and modern energy by 2030.
  • According to the report, the global electrification rate progressed steadily from 2010 to 2018, rising to 90 per cent of the world’s population in 2018 from 83 per cent in 2010.
  • But the effort made since 2016 has not been sufficient, between 2016 and 2018, electrification grew by just 0.82 percentage points per year.
  • According to the report, it is believed that to achieve the target of universal access of electricity by 2030, the world needed to do electrification with an increase of 0.87 percentage points a year, This was required to be done before COVID-19 era.
  • In 2018, India was among top three countries with largest deficits regarding access to electricity. Nigeria, the Democratic Republic of Congo (DRC), and India had the three largest deficits: 85 million, 68 million and 64 million people respectively.
  • The world needed progress with three percentage points to achieve the goal of universal access to clean fuels and technologies for cooking since 2010, the report said.
  • But it progressed at an annualized average of just 0.8 percentage points.
  • The latest data on SDG 7 progress, before the onset of the pandemic, demonstrated that there was a need to accelerate efforts towards targets at urgent basis.

 

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