Daily Current Affairs Prelims Quiz 29-12-2021 - (Online Prelims Test)

1) Consider the following statements regarding the Retail Direct Scheme:

1. Using the Retail Direct Gilt (RDG) account retail investors can buy and sell government securities.
2. The RDG account will allow the individuals to buy Government Securities only from the primary markets through an auction.
3. An individual is allowed to do multiple bids on a single government security.

Which of the above statement(s) is/are correct?

2) Consider the following statements regarding the Foreign Contribution (Regulation) Amendment Act, 2020:

1. The amendment exempts certain persons/organizations from receiving foreign fund without a registration.
2. The Act prohibits the transfer of foreign contributions to an individual but can be transferred to a registered organization.
3. Under the Act, every person who has been given a certificate of registration must renew the certificate within six months of expiration.

Which of the above statement(s) is/are incorrect?

3)  Which of the following indices are used in assessing the Global Innovation Index (GII)?

1. Institutions
2. Infrastructure
3. Human Capital and Research
4. Market and Business Sophistication
5. Knowledge and Technological outputs

Choose the correct option.

4) Consider the following statements regarding the different types of economic recovery:

1. A V-shaped recovery is when the economy gradually rises to its previous peak with recession lasting longer leading to job loss.
2. The L-shaped recovery is characterized by longest recession period among all the shapes.
3. In U-shaped recovery, the economy bounces back immediately after a sharp decline and goes back to its pre-recession level in less than a year.
4. The K-shaped recovery takes place when different parts of the economy recover at vastly different rates.
5. The W-shaped recovery sees an economy staging a brief comeback only to fall a second time.

Which of the above statement(s) is/are correct?

5) Consider the following statements:

1. Farmers’ Producer Organization (FPO) is a government entity formed entirely by farmers only.
2. An FPO can either be a Producer company or a Cooperative Society or any other legal form.

Which of the above statement(s) is/are correct?