Quiz 2020: Prelims Power Play 25 September 2020

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This quiz contains 5 questions and each contains 1 points.

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1. NIRVIK Scheme has been introduced recently. Consider the following statements:

  1. Export Credit Guarantee Corporation of India (ECGC), Ministry of Finance has introduced the Export Credit Insurance Scheme (ECIS) called
  2. It aims to enhance loan availability and ease the lending process.
  3. It is an insurance cover guarantee that will cover up to 90% of the principal and interest.

Which of the following options is correct?

 
 
 
 

2. Inflation benefits which of the followings?

  1. Fixed deposit holders
  2. Real Estate owner
  3. Exporters
  4. Retirees living on fixed income

Select the correct code?

 
 
 
 

3. Consider the following statements regarding Energy Efficiency Services Limited:-

  1. It is a joint venture of public and private companies.
  2. EESL leads the market-related activities of the National Mission for Enhanced Energy Efficiency (NMEEE)
  3. It is also implanting Smart Meter National Programme (SMNP).

Which of the following options is correct?

 
 
 
 

4. With respect to National Company Law Appellate Tribunal consider the following statements:-

  1. It is an executive body.
  2. It hears appeals against the orders passed by Insolvency and Bankruptcy Board of India.
  3. It is Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI).

Which of the following options is incorrect?

 
 
 
 

5. Consider the following statements regarding Minimum Support Price

  1. It has legal backing.
  2. Farmers can demand it as a matter of right.
  3. Government can force traders to pay MSP.

Which of the above statements is /are incorrect? Select the correct code?