Daily Quiz: 1st May 2019

1.Which of the following statements are true?

1. The ‘Pariwartan’ scheme is inspired by the Troubled Asset Relief Programme, or TARP, which was introduced in the US during the 2008 financial crisis.

2. The proposed plan Pariwartan aims to stem the rise in bad loans in the MSME.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

2. The SAMADHAN scheme is associated with?

a) Regeneration of Traditional Industries

b) Promotion of Jan dhan Yojana

c) Power Sector Non Performing Assets

d) Scholarship to Minority Students

 

3.Consider the following statements:

1. Nansen Initiative is a state-led consultative process to build consensus on a protection agenda addressing the needs of people displaced across borders in the context of disasters and the effects of climate change.

2. The Nansen Initiative does not seek to develop new legal standards, but rather to build consensus among states on the elements of a protection agenda.

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

 

4. Which of the following statements are true?

1. Double Asteroid Redirection Test (DART) is a planned space probe that will demonstrate the kinetic effects of crashing an impactor spacecraft into an asteroid moon for planetary defense purposes.

2. DART is a joint project between NASA and the Johns Hopkins Applied Physics Laboratory (APL),

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

 

5. AWSAR is associated with?

a) Reduce brain drain

b) Encourage science writing

c) Improving SC/ST participation in research

d) None of the above

ANSWERS

1. Ans: a

Justification:

• The ‘Pariwartan’ scheme is inspired by the Troubled Asset Relief Programme, or TARP, which was introduced in the US during the 2008 financial crisis.
• The proposed plan aims to stem the rise in bad loans in the power sector.
• These stressed power projects will be housed under an asset management and rehabilitation company that will be owned by financial institutions. The plan is being driven by concerns that stressed projects have drawn bids for around Rs 1-2 crore per MW under the insolvency and bankruptcy code, a fraction of the Rs 5 crore per MW needed to build them.

2. Ans:c

Justification:

• The government as well as other related agencies have suggested various ways to deal with power sector NPAs.
• The government has come up with the Sashakt scheme which is likely to bring relief to banks.
• Banks can get rid of the NPAs from their books quickly while hoping for better recovery rates in the future.
• State Bank of India and Power Finance Corporation, with the highest exposure to the power sector, have suggested the Samadhan scheme.
• The Rural Electrification Corporation has suggested the Pariwartan scheme.

3. Ans: c

Justification:

• Nansen Initiative is a state-led consultative process to build consensus on a protection agenda addressing the needs of people displaced across borders in the context of disasters and the effects of climate change
• The Nansen Initiative does not seek to develop new legal standards, but rather to build consensus among states on the elements of a protection agenda.
• The Nansen Initiative is a bottom-up, state-led consultative process with multi-stakeholder involvement.

4. Ans:c

Justification:

• Double Asteroid Redirection Test (DART) is a planned space probe that will demonstrate the kinetic effects of crashing an impactor spacecraft into an asteroid moon for planetary defense purposes. The mission is intended to test whether a spacecraft impact could successfully deflect an asteroid on a collision course with Earth.
• A demonstration of an asteroid deflection is a key test that NASA and other agencies wish to perform before the actual need of planetary protection is present. DART is a joint project between NASA and the Johns Hopkins Applied Physics Laboratory (APL), and it is being developed under the auspices of NASA’s Planetary Defense Coordination Office.

5. Ans:b

Justification:

• The scheme aims to encourage, empower and endow popular science writing through newspapers, magazines, blogs, social media, etc. by young PhD Scholars and Post-Doctoral Fellows during course of their studies and research pursuits.
• It also seeks to tap tremendous potential of young scientists to popularize & communicate science and also to inculcate scientific temperament in the masses.
• The scheme also carries monetary incentive to each of 100 best entries from PhD scholars in year along with Certificate of Appreciation besides getting the story published/projected in mass media.