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Export Credit Insurance Scheme

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Export Credit Insurance Scheme

Export Credit Guarantee Corporation of India (ECGC) has introduced the Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. Consider the following statements about the scheme:

Under the NIRVIK, he insurance cover guaranteed will cover up to 90 percent of the principal and interest.
The insurance cover will include both pre and post-shipment credit.

Choose the correct answer from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

NIRVIK scheme has been launched by the Export Credit Guarantee Corporation of India (ECGC) in order to ease the lending process and enhance loan availability for exporters.

Key Features

Insurance cover guaranteed will cover up to 90% of the principal and interest.
The increased cover will ensure that foreign and rupee export credit interest rates are below 4 percent and 8 percent respectively for the exporters.
The insurance cover will include both pre and post-shipment credit.

Benefits

Will enhance accessibility and affordability of credit for exporters
Will make ECGC procedures exporter friendly
Will help make Indian exports competitive

Related Question

Rajiv Gandhi Kisan Nyay Yojana

Recently, which of the following state has decided to implement Rajiv Gandhi Kisan Nyay Yojana?

	A	Madhya Pradesh

	B	Andhra Pradesh

	C	Chhattisgarh

	D	Punjab

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

The Chhattisgarh government will launch a scheme to ensure “minimum income availability” to farmers of the state through direct bank transfer on the death anniversary of former Prime Minister Rajiv Gandhi 21^st May, 2020.
Under the Rajiv Gandhi Kisan Nyay Yojana, based on registered area and area under cultivation during Kharif crop season 2019, Rs 10,000 per acre will be deposited in the bank accounts of farmers as agriculture assistance grant for sowing crops such as paddy, maize and sugarcane.
According to the government, at least 19 lakh farmers will benefit from the scheme, for which the state government had allocated Rs 5,756 crore in the budget 2020-21.
The money will be given to the farmers in four instalments.
The scheme intends to provide stimulus to the rural economy of the state which is going through a slum due to the lockdown.

National Aquifer Mapping And Management Programme

Consider the following statements with reference to the National Aquifer Mapping and Management Programme (NAQUIM):

NAQUIM was initiated as a part of the Ground Water Management and Regulation scheme to delineate and characterize the aquifers to develop plans for ground water management.
One of the major objectives of NAQUIM is to promote participatory groundwater management.

Choose the correct answer from the codes given below:

	A	Only 1

	B	Both 1 and 2

	C	Only 2

	D	Neither 1 nor 2

Your Ans is

Right ans is B

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

On the basis of the recommendations of the 12th Plan Working Group on Sustainable Groundwater Management of the erstwhile Planning Commission (now NITI Aayog), the ambitious National Aquifer Mapping and Management Programme (NAQUIM) was launched in 2012, with CGWB as the executing body.

Aim

To cover more than 25 million square kilometres that have been delineated hydrogeologically mappable.

Key Points

One of the major objectives of NAQUIM is to promote participatory groundwater management. This can be achieved by empowering communities with a seamless flow of information and understanding of local aquifers.

Structurally there are four stages of activities in NAQUIM-

Collection, compilation and analysis of existing data. Based on the data requirement protocol, data gaps are identified;
The required data is then generated in data gap areas/domains through an array of scientific investigations;
Integration of data, developing lithologic models and configuring aquifers. The hydraulic properties, resource behaviour, water level regime and chemical quality is established in space-time domain;
Various supply and demand side interventions are worked out and recommended to sustainably use groundwater. Here, local issues are also addressed.

Rashtriya Vayoshri Yojana

Consider the following statements with reference to the Rashtriya Vayoshri Yojana:

.Rashtriya Vayoshri Yojana (RVY) is a scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category.
It is a Central Sector Scheme, fully funded by the Central Government, where expenditure for implementation of the scheme will be met from the "Senior Citizens' Welfare Fund".

Choose the correct answer from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Introduced in April, 2017, Rashtriya Vayoshri Yojana is a scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category.

Key Points

This is a Central Sector Scheme, fully funded by the Central Government. The expenditure for implementation of the scheme will be met from the "Senior Citizens' Welfare Fund".
The Scheme will be implemented through the sole implementing agency - Artificial Limbs Manufacturing Corporation (ALIMCO), a PSU under the Ministry of Social Justice and Empowerment.
Under the scheme, the physical aids will be provided only to the senior citizens of the nation.
This implies those who are aged above 60 years will get free assisted living aids and physical devices which are required for their sustainability.
Also the govt. has selected the list of cities where the scheme will be implemented.
The main criteria for the senior citizens to get full benefits of the scheme is that they must belong to BPL family and should hold valid BPL card issued by the concerned authority.

YUva VIgyani KAryakram

Which of the following has launched YUva VIgyani KAryakram (Yuvika) in order to provide basic knowledge on Space Technology, Space Science and Space Applications to the younger aspirants in the country?

	A	Indian Space Research Organisation(ISRO)

	B	Department of Science & Technology

	C	Jointly by Indian Space Research Organisation and Department of Science & Technology

	D	None of the Above

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Indian Space Research Organisation(ISRO) launched a special programme for School Children called "Young Scientist Programme" "YUva VIgyani KAryakram" in 2019, in tune with the Government's vision "Jai Vigyan, Jai Anusandhan".
The Program is primarily aimed at imparting basic knowledge on Space Technology, Space Science and Space Applications to the younger ones with the intent of arousing their interest in the emerging areas of Space activities. The program is thus aimed at creating awareness amongst the youngsters who are the future building blocks of our Nation. ISRO has chalked out this programme to “Catch them young”.

Amma Vodi Scheme

Which among the following given states has recently launched Amma Vodi Scheme?

	A	Tamil Nadu

	B	Andhra Pradesh

	C	Telangana

	D	Karnataka

Your Ans is

Right ans is B

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

On 9^th January, 2020, Andhra Pradesh Chief Minister Jagan Mohan Reddy launched Amma Vodi Scheme in Chittoor district. It is one of the nine flagship programmes of Andhra Government.
The scheme will be commencing from 26^th January, 2020 on the eve of Republic Day.
Amma Vodi is available to ration card holders, who fall under the Below Poverty Line and clear a few more criteria related to their economic status.
The scheme aims at benefitting school students studying in classes I to XII. It includes both public and private schools.
Amma Vodi scheme will be exclusively offered for students who are undergoing their education in Government and private schools in AP, and Intermediate students pursuing in government and private colleges.
Under the scheme, an amount of Rs.15,000 per year will be offered to support a student towards his education.

Ujwal Discom Assurance Yojana

Consider the following statements with reference to the Ujwal Discom Assurance Yojana (UDAY) scheme:

Launched in 2015, under the scheme the state governments were to take over 75 percent of the utilities debts and include it in their fiscal deficit calculations.
UDAY also requires discoms to maintain commercial sustainability, and bring down the gap between average cost of supply (ACS) and average revenue realized (ARR) to zero.

Choose the correct answer from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Ujwal Discom Assurance Yojna was launched in November 2015 to help loss-making discoms turn around financially, with support from their State governments.
The scheme, optional for the states to join, envisaged state governments to take over 75 percent of the utilities debts and include it in their fiscal deficit calculations.
It also requires distribution companies (discoms) to maintain commercial sustainability, and bring down the gap between average cost of supply (ACS) and average revenue realized (ARR) to zero.
UDAY envisages to have a permanent solution for past as well as potential future issues of power sector such as reducing interest burden on discoms by allowing states to take over the bulk of their debt, reduce the cost of power, increase operational efficiencies of discoms by providing capital and infrastructure like coal linkages and reduce in AT&C and transmission losses.

Atal Mission For Rejuvenation And Urban Transformation

Recently, the government has decided to extend the mission period of its flagship initiative Atal Mission for Rejuvenation and Urban Transformation (AMRUT) by two more years. Consider the following statements with respect to AMRUT:

Launched in 2015, the focus of the Mission is on infrastructure creation that has a direct link to provision of belter services to the citizens.
The Mission consists of three thrust areas namely- Water Supply, Sewerage and septage management and green space/parks.

Choose the correct answer from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is A

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Atal Mission for Rejuvenation and Urban Transformation (AMRUT) was launched in 2015 with the aim of providing basic civic amenities like water supply, sewerage, urban transport, parks as to improve the quality of life for all especially the poor and the disadvantaged.
The focus of the Mission is on infrastructure creation that has a direct link to provision of better services to the citizens.
The mission’s thrust areas are Water Supply system, Sewerage, Septage, Storm Water Drainage, Urban Transport, Green Space and Parks, Reforms management and support, Capacity building.
The Priority zone of the Mission is water supply followed by sewerage.
Under this mission, 10% of the budget allocation will be given to states and union territories as incentive based on the achievement of reforms during the previous year.

Pradhan Mantri Innovative Learning Programme “DHRUV”

Recently, the Human Resource Development (HRD) Ministry has launched the Pradhan Mantri Innovative Learning Programme named ‘DHRUV’. Consider the following statements about the programme:

1. The programme will cover only one area i.e. Science.

2. A total 100 students will be selected broadly from classes 9 to 12 from all schools including government and private across the country.

Choose the correct answer from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is D

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

On 10^th October, 2019, HRD Ministry launched a unique initiative, the Pradhan Mantri Innovative Learning Programme-DHRUV, which will act as a turning point in the lives of extra ordinarily talented students, from the premises of the Indian Space Research Organisation (ISRO) Headquarters at Bengaluru.

Objective

To encourage talented students to realize their full potential and henceforth, contribute to society.

About DHRUV Programme

The programme will cover two areas namely, Science and Performing Arts.
Overall 60 students will be selected (30 from each area) from across the country. The students will be broadly from classes 9 to 12 from all schools including government and
Every student selected under this programme will be called as ‘Dhruv Tara’. The students will thus both shine through their achievements and light a path for others to follow.

Significance

The programme will prove to be a turning point for the students as well as the society, and it is through their achievements that the world will know ‘Saare Jahan se accha Hindustan Hamara’.

Mo Sarkar Initiative

Recently, the Odisha government launched Mo Sarkar Initiative. Consider the following statements about the initiative:

It is an initiative under the 5T model of governance to herald a transformation in government office, under which feedback will be collected on government officers from the public.
The employees will be ranked as good or bad on the basis of the feedback and those with good rank will get out-of-turn promotion and action will be taken against employees with bad rank.

Which of the statements given above is/are correct?

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

In a bid to make governance more people-centric, the Odisha government Mo Initiative in which ministers would dial common citizens to seek feedback on the kind of response they get during recent visits to police stations and district headquarter hospitals (DHH).
The state government will collect feedback on the behaviour and professionalism of government officers. All of these government officers will then be graded on the basis of feedback received from people.
The government employees with good grades will get promotions while action will be taken against those with negative scores.
Notably, the state government is implementing the 5T model governance - Teamwork, Transparency, Technology, Time leading to Transformation.

One Nation One Ration Card Scheme

Consider the following statements regarding the One Nation One Ration Card Scheme:

One Nation One Ration Card Scheme will allow portability of food security benefits across the country by 2020.
The pair of states between which the portability was first initiated are-: Andhra Pradesh - Telangana and Maharashtra - Gujarat.

Which ofthe following statements given above is/are correct? Choose the correct answers from the codes given below:

	A	Only 1

	B	Only 2

	C	Both 1 and 2

	D	Neither 1 nor 2

Your Ans is

Right ans is C

Your Answer Is Correct

Your Answer Is Wrong

Explanation :

Launched in July, 2019, the ‘one nation, one ration card’ is an inter-state ration card portability scheme that allows migrants to get their quota of ration from any public distribution system (PDS) across the country. The Centre plans to extend this scheme to all states by 2020.
At present, the scheme is operational between Andhra Pradesh and Telangana, as well as of that Maharashtra and Gujarat.
With effect from 1st October 2019, two new clusters, Kerala and Karnataka and Rajasthan and Haryana, will join the initiative of inter-state portability of ration cards.

Significance:

This initiative shall be helpful for the large migratory population of the country, who migrate from one part of the country to another in search of job or employment, marriage, or any other reason, and find difficulty in accessing subsidi sed food grains in the present system.

Source: Civil Services Chronicle Online

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