These MCQs are based on Today’s Targets given here
Q.1) Consider the following statements about National Payments Corporation of India (NPCI):
1. NPCI is an umbrella organization for all retail payments system in India
2. It is incorporated as a company under Companies Act 1956
Select the correct answer using the code given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Ans. C
Explanation:
- National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India.
- It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).
- It was incorporated as a Section 25 company under Companies Act 1956 (now Section 8 of Companies Act 2013) and is aimed to operate for the benefit of all the member banks and their customers.
Q.2) Consider the following statements about Parliamentary privilege:
1. Parliamentary privileges are codified in Constitution of India
2. Any action ‘casting reflections’ on MPs, parliament or its committees, could be considered breach of privilege
Select the correct answer using the code given below:
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Ans. B
Explanation:
It is not codified in Constitution. According to the Constitution, the powers, privileges and immunities of Parliament and MP’s are to be defined by Parliament. No law has so far been enacted in this respect. In the absence of any such law, it continues to be governed by British Parliamentary conventions.
Read More: http://www.ias4sure.com/wikiias/prelims/parliamentary-privilege/
Q.3) Arrange following rivers in East to West Direction:
1. Lena
2. Ob
3. Irtysh
4. Volga
Select the correct answer using the code given below:
a) 1, 2, 3, 4
b) 1, 2, 4, 3
c) 2, 1, 3, 4
d) 2, 1, 4, 3
Ans. A
Explanation:
Q.4) Which of the following indicators are used in Human Development Index:
1. Life expectancy at birth
2. Expected years of schooling
3. Mean of years of schooling
4. Gross National Income per capita
Select the correct answer using the code given below:
a) 1, 2 and 3 only
b) 1, 3 and 4 only
c) 2 and 4 only
d) 1, 2, 3 and 4
Ans. D
Explanation: Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for standard of living.
Source: http://hdr.undp.org/en/content/human-development-index-hdi