Daily Short Quiz for UPSC | 23 Feb 2021 | RaghukulCS

23 Feb 2021 - Daily Short Quiz

  • +2 for correct
  • -0.66 for incorrect
  • no negative for bonus
  • Time Based Quiz
  • Total Time : 5 Min.

Welcome to your Daily Short Quiz 23 Feb 2021

1. Consider the following statements regarding the One Rank One Pension (OROP) in news
  1. It implies the payment of the same pension to armed forces personnel for the same rank and the same length of service, irrespective of the date of retirement.
  2. Before this system, the prevailing system for calculating the personnel’s pension was based on the last salary drawn.
  3. The implementation of the OROP scheme was based on the recommendation of the Koshiyari committee, a 10 member all-party parliamentary panel formed under the chairmanship of Bhagat Singh Koshiyari.

Which of the above statements are correct?

2. The 16th edition of ‘Yudh Abhyas’ comes to an end in Rajasthan recently, is a joint military exercise between which of the following countries?
3. Consider the following statements regarding Employees' Provident Fund Organization (EPFO) in news
  1. It is a statutory body tasked to assist the Central Board of Trustees. 
  2. Employees’ Provident Fund is established by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Finance, Government of India.
  3. It is the nodal agency for implementing Bilateral Social Security Agreements with other countries on a reciprocal basis. 

Which of the above statements are correct?

4. Consider the following statements regarding Security and Growth for All in the Region (SAGAR) in news
  1. SAGAR is India’s policy or doctrine of maritime cooperation in the Indo-Pacific Ocean region.
  2. It is an increasing recognition of the increasing importance of maritime security, maritime commons and cooperation.
  3. SAGAR provides a mechanism for India to expand strategic partnerships with other IOR littorals in Asia and Africa.
  4. As part of SAGAR the Indian Navy has assisted countries in the Indian Ocean region with exclusive economic zone surveillance, search and rescue, and other such activities.

Which of the above statements are correct?

5. Consider the following statements regarding Development Financial Institution (DFI’s) recently in news
  1. The development finance institutions or development finance companies are organizations owned by the government or charitable institution to provide funds for low-capital projects or where their borrowers are unable to get it from commercial lenders.
  2. DFIs can accept deposits from people and lend them also.
  3. In India, the first DFI was operationalised in 1948 with the setting up of the Industrial Finance Corporation (IFCI).
  4. These banks provide financial as well as the technical support to various sectors

Which of the above statements are correct?

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