GK Quiz | 30 March 2020

1. Which of the following is not true about Fiscal management of the country?

1. The fiscal deficit target for center and state for 2020-21 is 3.5%.
2. The revenue deficit is not to be taken into account for 2020-21.
3. The escape clause under the act provides for 100% exemption from the set limit in case of an emergency.
4. The act sets that the central government debt to be limited to 40% by 2045.

Select the correct answer from the codes given below:

1. 1,2 and 4
2. 2 and 3 only
3. 1 and 3 only
4. 3 only

Ans. B

Explanation

According to the deficit targets set in budget 2020-21, the net fiscal target to be maintained is 3.5% for 2020-21. The revenue deficit target is 2.7%.

The escape clause under the FRBM act of 2003 allows central and state government to overshoot from the set targets of fiscal deficit. Under the FRBM Act 2018, the conditions are clearly defined under the escape clause. The 3 conditions are-

• In the case of national security, war situation, calamities of national level, and the collapse of agriculture output.
• Far-reaching structural reforms having substantial fiscal considerations.
• The decline in real output growth of at least 3% below the average of the previous 4 quarters.

It also states that the deviation should not be greater than 0.5% in a year.

Hence, the correct answer is B.

 

2. Which of the following is true about blood Plasma?

1. Blood plasma helps to maintain homeostasis in the body.
2. It is made up of erythrocytes, leukocytes, and thrombocytes.
3. Fibrinogen in the plasma helps to stop the blood flow during an injury.

Select the correct answer from the codes given below:

1. 1,2 and 3
2. 1 and 2 only
3. 1 only
4. 1 and 3 only

Ans. A

Explanation

Plasma is the liquid part of blood that consists of red blood cells (erythrocytes), white blood cells (leukocytes), and platelets (thrombocytes). It consists of 6-8% protein. One of the proteins is Fibrinogen, which helps in blood clotting. Plasma act as a transport medium for nutrients and also transport waste collected from various organs for the process of excretion. It helps in maintaining blood pressure and transport heat, thus help in maintaining body temperature or homeostasis.

Hence, the correct answer is A.

 

3. Which of the following is true about MPLAD (Members of Parliament Local Area Development) Scheme?

1. It is a central sector scheme under MoSPI.
2. Under this scheme, the annual MPLAD fund is 5 crore.
3. At least 15% of the funds are to be utilized in Scheduled Caste areas.
4. The scheme is for creating infrastructure facilities in rural areas only.

Select the correct answer from the codes given below:

1. 1,2,3 and 4
2. 1,2 and 3 only
3. 1,3 and 4 only
4. 1 and 4 only

Ans. B

Explanation

MPLAD (Members of Parliament Local Area Development) Scheme is a scheme under the Ministry of Statistics and Program Implementation (MoSPI). It is a central sector scheme that started in 1993-94.

It requires members of Parliament to recommend work to develop basic infrastructure like health, drinking water, etc. in their respective constituency. The annual fund per MP constituency is INR 5 crore. Under the scheme, MPs are tasked to recommend every year, works costing at least 15 percent of the allocated fund for the year to areas inhabited by Scheduled Caste population and 7.5 percent for areas inhabited by ST population.

Lok Sabha Members can recommend works within their Constituencies, and elected members of Rajya Sabha can recommend works within the State of Election. Nominated Members of Parliament can recommend works anywhere in the country.

Hence, the correct answer is B.

 

4. Which of the following countries borders Italy?

1. France
2. Switzerland
3. Slovenia
4. Croatia
5. Austria

Select the correct answer from the codes given below:

1. 1,2,3,4 and 5
2. 1,2,3 and 4
3. 1,2,4 and 5
4. 2,3,4 and 5

Ans. A

Explanation

Italy is bordered by France, Switzerland, Slovenia, and Austria. Many deaths have occurred in Italy due to the COVID-19 pandemic.

Hence, A is the correct answer.

 

5. Which of the following statements is true?

1. UAE has the highest number of Indian diaspora.
2. In India, the largest number of internally displaced is due to disasters.
3. Both A and B
4. None of the above

Ans.  A

Explanation

According to the International Migrant Stock 2019 Report, Indians constitute 6.4% of the total migrant population of the world. The largest number of Indian migrants is in the UAE, followed by USA and Saudi Arabia.

According to a report of the Internal Displacement Monitoring Centre and the Norwegian Refugee Council of 2019, India ranks 4^th worldwide affected by disasters and conflicts. China and the Philippines and Ethiopia are in the top three positions. In India, the highest internal displacement is because of disasters.

Hence, the correct answer is A.