Daily Current Affair Quiz: 31st March 2020
1. Which of the following statements are true?
1. Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country.
2. It does not provide the investor with direct ownership of a company’s assets and is relatively liquid depending on the volatility of the market.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country.
- It does not provide the investor with direct ownership of a company’s assets and is relatively liquid depending on the volatility of the market.
- Along with foreign direct investment (FDI), FPI is one of the common ways to invest in an overseas economy.
- In a developing economy, foreign portfolio investors (FPIs) are perceived to be more uncertain than domestic institutional investors.
2. Sarkaria commission is associated with
(a) Panchayati Raj Institutions
(b) Centre State Relations
(c) Working of the Constitution
(d) Fundamental Duties
Ans: b
Justification:
- Sarkaria Commission was set up in 1983 by the central government of India. The Sarkaria Commission’s charter was to examine the central-state relationship on various portfolios and suggest changes within the framework of Constitution of India
3. Which of the following statements are true?
1. Global Environment Monitoring System (GEMS) was introduced in 1975 at the United Nations Conference on the Human Environment.
2. It is a global operation that collects information to better understand and protect the Earth’s environment.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- Global Environment Monitoring System (GEMS)
- It was introduced in 1975 at the United Nations Conference on the Human Environment.
- It is a global operation that collects information to better understand and protect the Earth’s environment.
- This effort is made with the cooperation of other countries, who contribute data to the GEMS.
Monitoring of Indian National Aquatic Resources (MINARS)
- MINARS is a National Programme of monitoring national aquatic resources.
- It was started in 1984, with a total of 113 stations spread over 10 river basins.
- The present network comprises 870 stations on rivers, lentic water bodies and subsurface waters.
4. Which of the following statement/s is/are true.
1. EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Act, 1952.
2. As per current laws, a person mandatorily becomes a member of EPF if his monthly salary exceeds Rs. 15,000.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: a
Justification:
- EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Act, 1952. This scheme offers the institution of provident funds for factory employees and other establishments.
- The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF.
- The Economic Survey 2016-17 had suggested that employees be allowed to choose whether or not to save 12% of their salary into EPF or keep it as take home pay.
- As per current laws, a person mandatorily becomes a member of EPF if his monthly salary does not exceed Rs. 15,000.
5. Earth Hour is associated with
(a) UNEP
(b) WWF
(c) IUCN
(d) MAB Network
Ans: b
Justification:
- Earth Hour is the World Wildlife Fund for Nature (WWF)’s annual initiative that began in 2007.
- It is held every year on the last Saturday of March.
- It encourages people from more than 180 countries to switch off the lights from 8.30 pm to 9.30 pm as per their local time.
