Question 1: Consider the following statements:
- Higher Education Financing Agency (HEFA) is a joint venture of MoE ( Ministry of Education) Government of India and Canara Bank.
- HEFA is registered under the Companies Act.
- HEFA is financing the building of educational infrastructure, R&D infrastructure and thereby enabling the institutions to reach top rankings globally.
Which of the following statements is/are true?
A) 1 and 2
B) 2 and 3
C) 1 and 3
D) 1, 2, and 3
Correct Answer: D
Explanation
- Higher Education Financing Agency (HEFA) is a joint venture of MoE Government of India and Canara Bank for financing creation of capital assets in premier educational institutions in India as part of rising 2022 HEFA’s scope is greatly expanded to cover school education, educational institutes under Ministry of health etc.
- HEFA is registered under Section 8 [ Not-for-profit] under the Companies Act 2013 as a Union Govt company and as Non–deposit taking Systematically Important (NBFC-ND-SI) with RBI.
- HEFA incorporated on 31st May 2017, is a joint venture of MoE, GOI and Canara Bank with an agreed equity participation in the ratio of 90.91% and 09.09% respectively.
- Ours is a journey towards developing India’s top-ranked institutions like IIT’s, IIIT’s, NIT’s, IISCs, AIIMS into Globally top-ranking institutions through improvement in their academic and infrastructure quality. We are particularly interested in financing the building of educational infrastructure, R&D infrastructure and thereby enabling the institutions to reach top rankings globally.
Source: https://hefa.co.in/about-us/
Question 2: Consider the following statements with respect to Prajjwala Challenge:
- It was launched, by Ministry of Rural Development, to invite ideas, solutions and actions that can transform rural economy.
- It is launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).
Which of the following statements is/are true?
A) 1 only
B) 2 only
C) 1 and 2 only
D) Neither 1 nor 2
Correct Answer: C
Explanation
Prajjwal Challenge:
- It was launched, by Ministry of Rural Development, to invite ideas, solutions and actions that can transform rural economy.
- Ideas are invited from individuals, Social Enterprises, start up, Private Sector, Civil Society, etc. into several categories including Focus on Women and Marginalized section of community. Localised Models. Cost-effective solutions.
- It is launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM).
- DAY-NRLM aims at mobilizing rural poor households into SHGs and provide them long-term support such that they diversify their livelihoods, improve their incomes etc.
Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1887618
Question 3: Consider the following statements:
- Indian Council of Medical Research (ICMR) has developed Lumpi-ProVacInd vaccine for Lumpy Skin Disease (LSD).
- It is a homologous, live attenuated vaccine to protect cattle against LSD virus.
- LSD is a viral disease, and it does not affect humans.
Which of the following statements is/are true?
A) 1 and 2
B) 2 and 3
C) 1 and 3
D) 1, 2, and 3
Correct Answer: B
Explanation
- Indian Council of Agricultural Research (ICAR) has developed Lumpi-ProVacInd vaccine for Lumpy Skin Disease (LSD).
- Vaccine has been jointly developed by ICAR’s National Research Centre on Equines (NRCE) at Hisar, Haryana and Indian Veterinary Research Institute (IVRI) at Izatnagar, UP.
- It is a homologous, live attenuated vaccine to protect cattle against LSD virus.
- LSD is a viral disease, caused by Capripoxvirus, that affects cattle.
- It does not affect humans.
- It is genetically related to goatpox and sheeppox virus family.
- It is transmitted by blood-feeding insects, such as certain species of flies and mosquitoes, or ticks.
Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1887700
Source: https://en.wikipedia.org/wiki/Lumpi-ProVacInd
Question 4: Consider the following statements:
- Satyendra Nath Bose has made some fundamental conceptual contributions in development of Quantum Mechanics.
- Satyendra Nath Bose derived Planck’s law for black body radiation.
Which of the following statements is/are true?
A) 1 only
B) 2 only
C) 1 and 2 only
D) Neither 1 nor 2
Correct Answer: C
Explanation
Satyendra Nath Bose:
- His work involves theoretical physics, and he has made some fundamental conceptual contributions in development of Quantum Mechanics and Quantum Statistics.
- He went on to work with Einstein and together they developed Bose-Einstein statistics.
- He derived Planck’s law for black body radiation (which refers to spectrum of light emitted by any hot object) without any reference to classical electrodynamics. Joined laboratory of Maurice de Broglie where he learnt techniques of X-ray spectroscopy and crystallography.
- He was awarded Padma Vibhushan in 1954.
Question 5: Consider the following statements:
- Lok Adalat is given statutory status under Legal Services Authorities Act, 1987.
- Awards given by Lok Adalat are final and binding on all parties.
Which of the following statements is/are true?
A) 1 only
B) 2 only
C) 1 and 2 only
D) Neither 1 nor 2
Correct Answer: C
Explanation
Lok Adalat:
- It is one of the alternative dispute redressal mechanisms given statutory status under Legal Services Authorities Act, 1987.
- It is a forum where disputes/cases pending in court of law or at pre-litigation stage are settled amicably.
- NALSA along with other Legal Services Institutions conducts Lok Adalat’s across the country.
- Awards are final and binding on all parties.
Source: https://nalsa.gov.in/lok-adalat
Question 6: Consider the following statements:
- Financial Stability Report is published twice each year.
- As part of the Financial Stability Report, the RBI also conducts “stress tests” to figure out what might happen to the health of the banking system if the broader economy worsens.
Which of the following statements is/are true?
A) 1 only
B) 2 only
C) 1 and 2 only
D) Neither 1 nor 2
Correct Answer: C
Explanation
About Financial Stability Report:
- It is published twice each year.
- The FSR is one of the most crucial documents on the Indian economy as it presents an assessment of the health of the financial system.
- As part of the FSR, the RBI also conducts “stress tests” to figure out what might happen to the health of the banking system if the broader economy worsens.
- Each FSR also contains the results of something called the Systemic Risk Surveys.