Daily Quiz: 24th April 2019

1.Which of the following statements are true?

1. Fiscal deficit is the difference between total revenue and expenditure.

2. Primary deficit can be arrived by deducting interest payment from fiscal deficit.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

2. The Constitution provides a scheme for demarcation of powers through three lists. Which schedule in the constitution is associated with this?

a) 7^th Schedule

b) 8^th Schedule

c) 9^th Schedule

d) 10^th Schedule

 

3. Consider the following statements:

1. Vajra Prahar is an Indo United Kingdom joint military exercise.

2. Konkan is a joint naval exercise between India and US

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. India’s first and indigenous microprocessor “Shakti” was developed by Indian Institute of Technology Madras

2. Shakti can be used in mobile computing, wireless and networking systems, besides reducing reliance on imported microprocessors in communication and defence sectors.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

5. Paisa Portal was launched by?

a) Ministry of Finance

b) Ministry of External Affairs

c) Ministry of Statistics and Programme Implementation

d) Ministry of Housing and Urban Affairs

 

ANSWERS

1. Ans: c

Justification:

• While fiscal deficit is the difference between total revenue and expenditure, primary deficit can be arrived by deducting interest payment from fiscal deficit. Interest payment is the payment that a government makes on its borrowings to the creditors.

 2. Ans: a

Justification:

• The Seventh Schedule to the Constitution of India defines and specifies allocation of powers and functions between Union & States. It contains three lists; i.e. 1) Union List, 2) States List and 3) Concurrent List

 3. Ans: d

Justification:

• Vajra Prahar is an Indo US joint military exercise.

• Konkan is a joint naval exercise between India and UK

4. Ans: c

Justification:

• India’s first and indigenous microprocessor “Shakti” developed by Indian Institute of Technology Madras (IITM) at an outlay of about Rs 11 crore.

• The microprocessor will not get outdated as it is one of the few ‘RISC V Microprocessors’ in the world.

 5. Ans: d

Justification:

• PAiSA – A centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM).

• It is designed and developed by Allahabad Bank (Nodal bank).