Daily Questions: 18th March 2019
1. Which of the following statements are true:
1. National Supercomputing Mission is being implemented and steered jointly by the Department of Science and Technology (DST) and Department of Electronics and Information Technology (DeitY).
2. These supercomputers will also be networked on the National Supercomputing grid over the National Knowledge Network (NKN).
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
2. Domestic systemically important banks are?
(a) Bank is too big to fail
(b) Bank that government holds more than 51% shares
(c) Bank which finances MSMEs
(d) Rural development Banks
3. Bomb cyclones refer to
(a) A mid-latitude cyclone that intensifies rapidly.
(b) A temperate cyclone which won’t cause much damages
(c) Cyclone which is known as snow eaters
(d) None of the above
4. Consider the following statements:
1. The Financial Stability and Development Council (FSDC) is chaired by the Union Finance Minister
2. No funds are separately allocated to the Council for undertaking its activities.
Which of the statements are correct
(a) 1 only
(b) 2 only
(c) 1 and 2
(d) Neither 1 & 2
5. Pilibhit Tiger Reserve is located at :
(a) Uttar Pradesh
(b) Tamilnadu
(c) Madhya Pradesh
(d) Kerala
ANSWERS
1. Ans:c
- National Supercomputing Mission, approved in 2016, is being implemented and steered jointly by the Department of Science and Technology (DST) and Department of Electronics and Information Technology (DeitY).
- The Mission envisages empowering national academic and R&D institutions spread over the country by installing a vast supercomputing grid comprising of more than 70 high-performance computing facilities.
- These supercomputers will also be networked on the National Supercomputing grid over the National Knowledge Network (NKN). The NKN is another programme of the government which connects academic institutions and R&D labs over a high speed network.
2. Ans:a
- D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2% of GDP are considered part of this group.
3. Ans:a
- The term is used by meteorologists to indicate a mid-latitude cyclone that intensifies rapidly.A bomb cyclone happens when atmospheric pressure in the middle of the storm drops at least 24 millibars over 24 hours, quickly increasing in intensity. The lower the pressure, the stronger the storm.
4. Ans:c
- The Council is chaired by the Union Finance Minister and its members are Governor, Reserve Bank of India; Finance Secretary and/or Secretary, Department of Economic Affairs; Secretary, Department of Financial Services; Chief Economic Adviser, Ministry of Finance; Chairman, Securities and Exchange Board of India; Chairman, Insurance Regulatory and Development Authority and Chairman, Pension Fund Regulatory and Development Authority. It also includes the chairman of the Insolvency and Bankruptcy Board (IBBI).
- The Council deals, inter-alia, with issues relating to financial stability, financial sector development, inter–regulatory coordination, financial literacy, financial inclusion and macro prudential supervision of the economy including the functioning of large financial conglomerates. No funds are separately allocated to the Council for undertaking its activities.
5. Answer. a
- In a first, Uttar Pradesh begins otter census. Beginning in the Pilibhit Tiger Reserve, the exercise will end by the end of March, 2019.
- The forests of PTR are to home to tigers, leopards, elephants, different species of deer and monkeys and reptiles like snakes, mugger crocodiles and gharials.
