UPSC ENGLISH QUIZ 07.07.2023

Q1. Consider the following statements related to Small Finance Banks:

1. Reserve Bank of India (RBI) has recently announced its decision to reject three applications for setting up Small Finance Banks as these applications were found not suitable for granting of in-principle approval to set up SFBs.

2. RBI received approximately a dozen applications under the guidelines for 'on-tap' Licensing of Universal Banks and SFBs.

Which of the above statement/statements are correct?

Q2. Consider the following statements:

1. Central Government has started a new relief scheme under the ‘Mission Vatsalya’ scheme in relation to the abandonment of the families of minor girls who are victims of rape when they become pregnant.

2. The scheme has been announced by the Ministry of Women and Child Development, it will be operated under the aegis of Nirbhaya Fund and an amount of Rs. 54.1 crore has been allocated for it.

3. Women and Child Development Minister Smriti Irani said that the new scheme launched under the aegis of Nirbhaya scheme aims to ensure institutional and financial support to pregnant minor victims who have no means to take care of themselves.

Which of the statements given above is/are correct?

Q3. Consider the following statements:

1. Ministry of Women and Child Development, Government of India, has approved a scheme that aims to provide financial assistance to states and Union Territories to establish protection and rehabilitation homes for victims of trafficking, particularly in states with international borders.

2. Human trafficking is a global issue that affects numerous countries, and India is no exception.

Which of the above statement/statements are correct?

Q4. Consider the following statements:

1. Government of Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for funding of $3 billion.

2. The agreement is part of a nine-month stand-by arrangement between the two sides.

3. Pakistan was earlier part of a $6.5 billion IMF bailout under the Extended Fund Facility (EFF), which expired at the end of June this year.

Which of the statements given above is/are correct?

Q5. Consider the following statements:

1. Ahmedabad, the vibrant city of Gujarat has recently unveiled Akshar River Cruise.

2. Built at a cost of Rs 25 crore, Akshar River Cruises exhibits impeccable craftsmanship and attention to detail.

Which of the above statement/statements are correct?