Quiz 1

Q1. Which indicators are used in the Human Development Index (HDI)?

1. Standard of living
2. Education
3. Life expectancy
4. Condition of environment

Choose the correct options:

a. Only 1 & 2
b. Only 1, 2 & 3
c. Only 2, 3 & 4
d. 1, 2, 3 & 4

Q2. The Committee on Financial Sector Reforms was headed by:

a. Rangarajan
b. Urjit Patel
c. Raghuram Rajan
d. Viral Acharya

Q3. Which of the following are included in the Index of Eight Core Industries?

1. Crude Oil
2. Cement
3. Iron
4. Coal
5. Automobile

Select the correct code:

(a) 2 and 5 only

(b) 1, 3 and 4 only
(c) 2, 3 and 5 only
(d) 1, 2 and 4 only

By Dr. Vibhas Jha

Q4. Which of the following statements correctly defines the term ‘gig worker’?

(a) Workers outside the traditional employer-employee relationship

(b) Labour working without appropriate remuneration
(c) An employee with written contract of employment for a fixed period
(d) Workers not covered by the social security schemes of the government

Q5. Which of the following two pairs are referred to as “Bretton Woods Twins”

(a) IMF and World Bank

(b) WTO and World Bank
(c) WTO and IMF
(d) UN and World Bank

Q6. COP27, the 27th annual UN meeting on climate will be held in which country?

a) Spain
b) Poland
c) Egypt
d) Peru

Q7. Consider the following statements regarding Samagra Shiksha scheme:

1. Treat school education holistically as a continuum from Pre-school to Class 12

2. Strengthening of ICT infrastructure in schools from upper primary to higher secondary level.
3. Enhanced Commitment to ‘Beti Bachao Beti Padhao’

Choose the correct statement/s;

a. Only 1 and 2
b. Only 2
c. Only 1 and 3
d. 1 2 and 3

Q8. Consider the following statements regarding Performance Grading Index for States/UTs for the
year 2020-21:

By Dr. Vibhas Jha

 1. NITI Aayog had released the report on Performance Grading Index for States/UTs for the year
2020-21
2. A total of 7 States and UTs, Viz., Kerala, Punjab, Chandigarh, Maharashtra, Gujarat,
Rajasthan, and Andhra Pradesh have attained Level I

Choose the correct statement/s;

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

Q9. Consider the following statements regarding Ethanol Blended Petrol (EBP) Programme:

1. Govt had implemented Ethanol Blended Petrol (EBP) Programme wherein Oil Marketing
Companies OMCs sell petrol blended with ethanol up to 10%.
2. This programme has been extended to the whole of India

Choose the correct statement/s;

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

Q10. Consider the following statements regarding PM-DevINE Scheme:

1. PM-DevINE stands for Prime Minister’s Development Initiative for North East Region
2. The new Scheme, PM-DevINE, is a Central Sector Scheme with 100% Central funding

Choose the correct statement/s;

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

By Dr. Vibhas Jha

Answer:

Ans1. b

Ans2. c
The Raghuram Rajan Committee on Financial Sector Reforms was a committee constituted by the
Government of India in 2007 for proposing the next generation of financial sector reforms in India.

An Internal Working Group of the Reserve Bank of India (RBI) has recently recommended that
corporate houses be given bank licenses. The Raghuram Rajan committee had said that it is premature
to allow industrial houses to own banks.

Ans3. d
Eight Core Industries are Electricity, steel, refinery products, crude oil, coal, cement, natural gas and
fertilizers. The Index of Eight Core Industries is a monthly production index, which is also considered
as a lead indicator of the monthly industrial performance.

Ans4. a
The Code on Social Security, 2020 has defined “gig worker” as a person who performs work or
participates in a work arrangement and earns from such activities outside of traditional
employer-employee relationship.
Freelancers, independent contractual workers, temporary workers, project-based workers, etc. are
some examples of gig workers.

Ans5. a
The international Bank for Reconstruction and Development( now called the World Bank) and the
International Monetary Fund (IMF) were established with different mandates as a result of the Bretton
Woods Conference in 1944.

Ans6. c
The 27th annual UN meeting on Climate, COP27 will take place in Sharm-el-Sheikh, Egypt from
November 6 to November 18, 2022. This will also be the fifth time a climate conference is being
hosted in Africa. Governments of more than 200 countries have been invited to participate in the
conference.

Ans7. d
https://samagra.education.gov.in/features.html

By Dr. Vibhas Jha

Ans8. d
https://pib.gov.in/PressReleasePage.aspx?PRID=1873308
The Department of School Education and Literacy, Ministry of Education has released the
Performance Grading Index (PGI) for States/UTs for 2020-21, a unique index for evidence based
comprehensive analysis of school education systems across State/UTs.
A total of 7 States and UTs, Viz., Kerala, Punjab, Chandigarh, Maharashtra, Gujarat, Rajasthan, and
Andhra Pradesh have attained Level II (score 901-950) in 2020-21

Q9. a
https://pib.gov.in/PressReleasePage.aspx?PRID=1873021
Government has been implementing the Ethanol Blended Petrol (EBP) Programme wherein OMCs
sell petrol blended with ethanol up to 10%. This programme has been extended to the whole of
India except Union Territories of Andaman Nicobar and Lakshadweep islands with effect from
01st April, 2019 to promote the use of alternative and environment friendly fuels. This intervention
also seeks to reduce import dependence for energy requirements and give a boost to the agriculture
sector.

Q10. c
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1867079
Prime Minister’s Development Initiative for North East Region (PM-DevINE) was approved by the
cabinet for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26. The
new Scheme, PM-DevINE, is a Central Sector Scheme with 100% Central funding and will be
implemented by the Ministry of Development of North Eastern Region (DoNER).

The PM-DevINE Scheme will have an outlay of Rs.6,600 crore for the four year period from 2022-23
to 2025-26 (remaining years of 15th Finance Commission period). Efforts will be made to complete
the PM-DevINE projects by 2025-26 so that there are no committed liabilities beyond this year.

By Dr. Vibhas Jha