31-07-2021 MCQs Test

1. What is Earth Overshoot Day?

1. Each year, it marks the date when humans have used all the biological resources that the Earth can renew during the entire year.
2. This concept was first conceived by Andrew Simms of the UK think tank New Economics Foundation.

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2. What is Commission of Inquiry (Lokur Commission)?

1. Both central and state governments can set up such Commissions of Inquiry, states are restricted by subject matters that they are empowered to legislate upon.
2. If the central government set up the commission first, then states cannot set up a parallel commission on the same subject matter without the approval of the Centre.

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3. What is International Organization of Securities Commissions (IOSCO)?

1. It was formed in 1983 and is an association of organizations that regulate the world’s securities and futures markets.
2. Its headquarters is in France.

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4. What is International Association of Insurance Supervisors (IAIS)?

1. It is a voluntary membership organization of insurance supervisors from over 190 jurisdictions.
2. The IAIS is hosted by the Bank for International Settlements (BIS).

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5. What is Project BOLD?

1. It stands for Bamboo Oasis on Lands in Drought.
2. It was launched by Ministry of Micro, Small and Medium Enterprises.

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6. EOS-03 is an:

7. What is the Maharashtra Bhushan?

1. It is a highest civilian award presented annually by the government of Maharashtra.
2. It was first awarded in 1995 to Purushottam Laxman Deshpande in the field of Social Work.

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8. What is the All-India Quota (AIQ) Scheme?

1. It provides for domicile-free merit-based opportunities to students from any State to aspire to study in a good medical college located in another State.
2. All India Quota consists of 15% of total available UG seats and 50% of total available PG seats in government medical colleges.

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9. Consider the following statements about the Deposit Insurance Credit Guarantee Corporation (DICGC):

1. It is a wholly owned subsidiary of the Reserve Bank of India (RBI).
2. It provides deposit insurance that works as a protection cover for bank deposit holders when the bank fails to pay its depositors.

Which of the above statements is/are incorrect?

10. International Tiger Day is celebrated on: