Daily Current Affairs Quiz- 27th December 2023
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The Daily Current Affairs Quiz questions are based on various national and regional newspapers, including government news sources.
The questions are framed on happenings around you to enhance your competitiveness for news based concepts and facts.
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Question 1 of 4
1. Question
Consider the following statements with reference to Fiscal Deficit,
1.The fiscal deficit is the difference between the government’s total expenditure and its total receipts (including borrowing).
2.A high fiscal deficit can lead to inflation, devaluation of the currency and an increase in the debt burden.
3.A high fiscal deficit is not always bad, it can also be good for the economy if the money spent goes into the creation of productive assets like highways, road, ports and airports that boost economic growth.
How many of the given statements is/are correct?Correct
(b) Only two
The fiscal deficit is the difference between the government’s total expenditure and its total receipts (Excluding borrowing) Statement 1 is incorrect
It is an indicator of the extent to which the government must borrow in order to finance its operations and is expressed as a percentage of the country’s GDP.
A high fiscal deficit can lead to inflation, devaluation of the currency and an increase in the debt burden (Statement 2 is correct).
A high fiscal deficit is not always bad, it can also be good for the economy if the money spent goes into the creation of productive assets like highways, road, ports and airports that boost economic growth (Statement 3 is correct).Incorrect
(b) Only two
The fiscal deficit is the difference between the government’s total expenditure and its total receipts (Excluding borrowing) Statement 1 is incorrect
It is an indicator of the extent to which the government must borrow in order to finance its operations and is expressed as a percentage of the country’s GDP.
A high fiscal deficit can lead to inflation, devaluation of the currency and an increase in the debt burden (Statement 2 is correct).
A high fiscal deficit is not always bad, it can also be good for the economy if the money spent goes into the creation of productive assets like highways, road, ports and airports that boost economic growth (Statement 3 is correct). -
Question 2 of 4
2. Question
Why is the offering of “teaser loans” by commercial banks a cause of economic concern?
1.The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2.In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.
3.The RBI feels that some borrowers may find it difficult to service the teaser loans once the normal interest rate which is higher than the rate applicable in the initial years, becomes effective.
Which of the statements given above is/are correct?Correct
(c) All three
Teaser loan is a loan that offers a lower interest rate for a fixed period of time. This is done to incentivize purchases. Credit cards and adjustable-rate mortgages (ARMs) are examples of teaser loans. It is a type of sub-prime lending. They are often given to inexperienced entrepreneurs in India to help them set up export or manufacturing units. The RBI feels that some borrowers may find it difficult to service the teaser loans once the normal interest rate which is higher than the rate applicable in the initial years, becomes effective.Incorrect
(c) All three
Teaser loan is a loan that offers a lower interest rate for a fixed period of time. This is done to incentivize purchases. Credit cards and adjustable-rate mortgages (ARMs) are examples of teaser loans. It is a type of sub-prime lending. They are often given to inexperienced entrepreneurs in India to help them set up export or manufacturing units. The RBI feels that some borrowers may find it difficult to service the teaser loans once the normal interest rate which is higher than the rate applicable in the initial years, becomes effective. -
Question 3 of 4
3. Question
Which of the following is true regarding recently revised criminal law proposals:
1.The Bharatiya Nyaya (Second) Sanhita Bill, 2023 incorporates UAPA’s definition of ‘terrorist act’ and defines ‘cruelty’ against women while enhancing punishment for ‘mob lynching.’
2.The Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 introduces ‘community service’ as punishment and expands police powers regarding handcuff usage and extends police custody beyond the initial 15 days of arrest.
3.The Bharatiya Sakshya (Second) Bill, 2023 revises the admissibility of electronic evidence.
How many of the above statements are correct?Correct
(c) All the three
The Bharatiya Nyaya Sanhita (BNS) is the criminal code of the Republic of Bharat. It is a substantive law that consolidates and amends provisions related to offenses.
The BNS retains most offenses from the IPC, but adds community service as a punishment. Sedition is no longer an offense, and a new offense has been created for acts that endanger the sovereignty, unity, and integrity of India.
The BNS also retains provisions that criminalize acts such as rape, voyeurism, stalking, and insulting the modesty of a woman. It increases the age threshold for the victim to be classified as a major in the case of gangrape from 16 to 18 years of age.Incorrect
(c) All the three
The Bharatiya Nyaya Sanhita (BNS) is the criminal code of the Republic of Bharat. It is a substantive law that consolidates and amends provisions related to offenses.
The BNS retains most offenses from the IPC, but adds community service as a punishment. Sedition is no longer an offense, and a new offense has been created for acts that endanger the sovereignty, unity, and integrity of India.
The BNS also retains provisions that criminalize acts such as rape, voyeurism, stalking, and insulting the modesty of a woman. It increases the age threshold for the victim to be classified as a major in the case of gangrape from 16 to 18 years of age. -
Question 4 of 4
4. Question
Consider the following statements with reference to Nuclear power plant:
1.Nuclear power is zero-emission. It has no greenhouse gases or air pollutants.
2.Nuclear energy is the fifth-largest source of electricity for India which contributes about 3% of the total electricity generation in the country.
3.India has 20 nuclear power reactors, including 4 Pressurised Heavy Water Reactors (PHWRs) and 16 Light Water Reactors (LWRs).
How many of the above statements is/are correct?Correct
(b) Only two
India has 22 nuclear power reactors, including 18 Pressurised Heavy Water Reactors (PHWRs) and 4 Light Water Reactors (LWRs) (Statement 3 is incorrect)
Nuclear energy is the fifth-largest source of electricity for India which contributes about 3% of the total electricity generation in the country.
Nuclear power is zero-emission. It has no greenhouse gases or air pollutants.Incorrect
(b) Only two
India has 22 nuclear power reactors, including 18 Pressurised Heavy Water Reactors (PHWRs) and 4 Light Water Reactors (LWRs) (Statement 3 is incorrect)
Nuclear energy is the fifth-largest source of electricity for India which contributes about 3% of the total electricity generation in the country.
Nuclear power is zero-emission. It has no greenhouse gases or air pollutants.
