IAS Questions for Prelims: 10 August 2017

Aug 10, 2017 12:30 IST

IAS Questions for Prelims 10 August 2017
IAS Questions for Prelims 10 August 2017

IAS questions provided in this article are very important for IAS Prelims Exam 2018. An aspirant should practice such questions during IAS preparation and it will give them an insight of the events happened in the month of August 2017.

IAS Prelims Exam Guide

1. Recently, the Department of Industrial Policy and Promotion (DIPP) has approved two projects under ‘Modified Industrial Infrastructure Upgradation Scheme (MIIUS)’ for the development of industrial clusters at Hindupur and Bobbili in the respective districts of Ananatapur and Vizianagaram of Andhra Pradesh. Consider the following statements regarding this:
1. The objective of the above projects is to provide quality and reliable infrastructure to industrial units located in the clusters.
2. These projects have employment potential of about 5500 persons (direct) and 8500 persons (indirect).

Which of the following statements is true?
a. Only 1
b. 1 and 2
c. Only 2
d. Neither 1 nor 2

Answer: b

Explanation:

Department of Industrial Policy and Promotion (DIPP) under Ministry of Commerce and Industry has approved two projects under ‘Modified Industrial Infrastructure Upgradation Scheme (MIIUS)’ for the development of industrial clusters at Hindupur and  Bobbili in the respective districts of Ananatapur and Vizianagaram of Andhra Pradesh.

The objective of the above projects is to provide quality and reliable infrastructure to industrial units located in these clusters; specifically, these projects aim to provide road network, drainage, power and water supply networks and some other common services like health centres, canteens, crèches, dormitories, parking areas, etc. These projects are likely to be functional by 31st March 2018.

These projects have employment potential of about 5500 persons (direct) and 8500 persons (indirect).

Current Affairs Quizzes for IAS Prelims 2018: July 2017

2. The Government has taken initiative to make education loans as easy loans. Consider the following statements regarding the schemes launched by the Government to provide interest subsidy to the students:
1. Central Scheme to provide Interest Subsidy (CSIS) wherein full interest subsidy is available for the students belonging to economically weaker sections, for studies in India, for educational loans disbursed on or after 1st April 2009 during the period of moratorium.
2. Padho Pardesh Scheme to award interest subsidy to meritorious students belonging to economically weaker sections of notified minority communities for overseas studies.
3. Dr Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for Other Backward Classes whereby interest payable by the students for the period of moratorium is borne by the Government of India.

Which of the following above statements is true?
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3

Answer: d

Explanation:

All Scheduled Commercial Banks provide Education Loan for students. Simple interest is charged during the study period and up to the commencement of repayment. Accrued interest is added to the principal amount borrowed while fixing EMI (Equated Monthly Instalment) for repayment.

The Schemes launched by the Government to provide interest subsidy to the students include:

(i) Central Scheme to provide Interest Subsidy (CSIS) wherein full interest subsidy is available for the students belonging to economically weaker sections, for studies in India, for educational loans disbursed on or after 1st April 2009 during the period of moratorium.

(ii) Padho Pardesh Scheme to award interest subsidy to meritorious students belonging to economically weaker sections of notified minority communities for overseas studies.

(iii) Dr Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for Other Backward Classes whereby interest payable by the students for the period of moratorium is borne by the Government of India.

In order to facilitate easy processing and disbursal of loans, Government has launched a web-based portal namely Vidya Lakshmi Portal where students can apply online and track education loans. Credit Guarantee Fund Scheme for Education Loans (CGFSEL) is also there wherein the collateral free loan is given up to Rs.7.5 lakh.

This was stated by Shri Arjun Ram Meghwal, Minister of State for Finance in written reply to a question in Rajya Sabha today.

Current Affairs Quizzes for IAS Prelims 2018: June 2017

3. Recently, the Government has launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY). Consider the following statements regarding this:
1. The government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions.
2. The scheme enables old age, income security for senior citizens through the provision of assured pension/return linked to the subscription amount based on a government guarantee to Life Insurance Corporation of India (LIC).
3. The scheme provides an assured return of 8% per annum, payable monthly for 10 years.

Which of the following above statements is true?
a. 1 and 2
b. 2 and 3
c. 1, 2 and 3
d. 1 and 3

Answer: c

Explanation:

The government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through the provision of assured pension/return linked to the subscription amount based on a government guarantee to Life Insurance Corporation of India (LIC).

The scheme provides an assured return of 8% per annum, payable monthly for 10 years. The differential return, i.e. the difference between return generated by LIC and the assured return of 8% per annum would be borne by the Government of India as subsidy on an annual basis. The scheme is open for subscription until 3rd May 2018.
The pension is payable at the end of each period during the policy tenure of 10 years as per the frequency of monthly/quarterly/half-yearly/yearly as chosen by the subscriber at the time of purchase. The minimum purchase price under the scheme is Rs.1,50,000/- for a minimum pension of Rs. 1,000/- per month and the maximum purchase price is Rs.7,50,000/- for a maximum pension of Rs.5,000/- per month. The scheme is exempted from Goods and Services Tax.

Current Affairs Quizzes for IAS Prelims 2018: May 2017

4. Which statements best describes the objective of the recently launched e-shakti initiative of NABARD?
a. For digitisation of Self Help Groups (SHGs).
b. For digitisation of Mandis.
c. For digitisation of Self Help Groups (SHGs) and Mandis.
d. None of the above

Answer: a

Explanation:

e-Shakti is a pilot project of National Bank for Agriculture and Rural Development (NABARD) for digitisation of Self Help Groups (SHGs). It was initiated to address certain concerns like improving the quality of book keeping of SHGs and to enable banks to take informed credit decisions about the group through a Management Information System (MIS).

As per information compiled by NABARD, about 69,696 SHGs of the SHGs which have been digitised are credit linked as on 31st July 2017. No SHG has been de-recognised on account of, or, after digitisation. The digitisation project does not impact the profit/ loss position of the SHGs.

ECONOMIC SURVEY 2016-17 IMPORTANT QUESTIONS

5. Which of the following countries is part of the BIMSTEC bloc?
a. India, Nepal, Bhutan, Myanmar, Bangladesh and Sri Lanka
b. India, Nepal, Bhutan, Myanmar, Bangladesh, Thailand and Sri Lanka
c. India, Nepal, Bhutan, Bangladesh and Sri Lanka
d. India, Nepal, Bhutan, Myanmar, Bangladesh, Cambodia and Sri Lanka

Answer: b

Explanation:

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organization involving a group of countries in South Asia and South East Asia. The headquarters of BIMSTEC is in Dhaka.

The BIMSTEC comprises of seven countries, Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. The main objective of BIMSTEC is technological and economic cooperation among South Asian and South East Asian countries along the coast of the Bay of Bengal.

Current Affairs Quizzes 2016 for IAS Prelims 2018

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