Current Questions

National :

Merchant Discount Rate

With reference to the Merchant Discount Rate (MDR), consider the following statements:

  1. MDR is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments.
  2. MDR compensates the card issuing bank, the lender which puts the PoS terminal and payment gateways such as Mastercard or Visa for their services.
  3. MDR charges are usually shared in pre-agreed proportion between the bank and a merchant and is expressed in percentage of transaction amount.

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National Broadband Mission

With reference to the National Broadband mission, consider the following statements:

  1. The project involves laying down around 30 Lakhs kilometer route Optical Fiber Cable, increase tower density from 0.42 to 1.0 tower per thousand of population by 2024.
  2. It envisages an investment of Rs.8 lakh crore in next 5 years from both government and industry to connect the country digitally at a faster pace.

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Quick Reaction Surface To Air Missile

With reference to the Quick Reaction Surface to Air Missile (QRSAM), consider the following statements:

  1. QRSAM is an all-weather, all-terrain surface-to-air missile equipped with electronic counter measures against jamming by aircraft radars.
  2. It uses both solid and liquid fuel propellant and has a strike range of 25-30 km with capability of hitting multiple targets.

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Konda Reddi Tribe

With reference to the Konda Reddi Tribe, consider the following statements:

  1. Konda Reddis inahbits on the banks situated on either side of river Godavari in the hilly and forest tracts of East and West Godavari River.
  2. Konda Reddis have been recognized as Particularly Vulnerable Tribal Groups by the Ministry of Tribal Affairs.

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Hoolock Gibbon

Consider the following statements with reference to the Hoolock Gibbon:

  1. The Hoolock Gibbon is the only ape found in India.
  2. Two species of Hoolock Gibbon are found inhabiting the Indian forests.
  3. Of the two, the Western Hoolock is listed as Vulnerable in the IUCN RedList, while the Eastern Hoolock is listed as Endangered.

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Ujwal Discom Assurance Yojana

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

  1. 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.
  2. 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.

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Sahitya Akademi

Consider the following statements with reference to the Sahitya Akademi:

  1. Sahitya Akademi gives 24 awards annually to literary works in the languages it has recognized and an equal number of awards to literary translations from and into the languages of India.
  2. Besides the 22 languages enumerated in the Constitution of India, the Sahitya Akademi has recognised English and Rajasthani as languages in which its programme may be implemented.

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Pinaka Missile System

Consider the following statements with reference to Pinaka Missile System:

  1. Pinaka was designed to replace the BM-21 Grad multiple rocket launcher systems of the Indian Army.
  2. Pinaka is an artillery missile system capable of striking into an enemy territory up to a range of 75 km with high precision.
  3. The navigation system of the missile is aided by the Indian Regional Navigation Satellite System (IRNSS).

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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:

  1. 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.
  2. The Mission consists of three thrust areas namely- Water Supply, Sewerage and septage management and green space/parks.

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Index Of Industrial Production

With reference to Index of Industrial Production (IIP), consider the following statements:

  1. The Central Statistical Organisation (CSO) is responsible for the compilation and publication of the Index of Industrial Production.
  2. The IIP is compiled as a simple weighted arithmetic mean of production relatives by using Laspeyre’s formula.
  3. It is currently calculated using 2011-2012 as the base year.

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