CLAT 2020 || Passage Based Current Affairs Quiz || 02.06.2020
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Question 1
NASA and A most defining moment of our current space era is coming up at the end of this month, with its B mission on May 27. The mission will be the first-ever launch for A with humans on board, and for NASA, it’ll mark the first return to U.S.-based astronaut launches since the Shuttle program flew its last flight in 2011. On Friday, representatives from both A and NASA briefed the media on the mission and the specifics of what it will involve when astronauts D board the C for its debut crewed performance.The mission itself doesn’t sound all that complex when broken down step-by-step, but it represents the culmination of years of hard work on both A and NASA’s part.
The first thing to note about this mission is that it’s still technically a test, as noted in the “B” name. This is the capstone demonstration in a series of such missions that will fully human-rate the C and Falcon 9 for operational use. As noted during today’s press briefings, a big chunk of the actual human rating process occurs during this final mission — in fact, the majority of the actual final human rating happens on this flight, despite the many years of preparation and live tests to date, including the B mission, which was essentially a full round-trip flight, just without any astronauts on board.
Even though it’s technically a demonstration, the stakes couldn’t be higher -A has a lot to prove here, and it bears the utmost responsibility in terms of keeping D safe for the duration of the mission. Which, it turns out, is actually going to be longer than originally planned: NASA says the mission will last anywhere between 30 days and 119 days, depending on a few different factors, the most significant of which being how quickly the agency ends up being able to launch the first operational Commercial Crew mission, which will carry four astronauts, including two from NASA and one from Japan’s space agency.
In terms of timeline, the mission begins with a launch and ascent, followed by the second-stage separation (with C attached). The first-stage booster performs a flip and “boostback burn,” which sets it on its path to return to Earth for a powered landing. Meanwhile C separates from the second stage in space, and heads on to the ISS, which it’ll reach in anywhere from between two and 48 hours after liftoff depending on the position at the time of launch.
Source: TechCrunch
What space organization/company (referred to as A) is working for with NASA for B mission?
Question 2
NASA and A most defining moment of our current space era is coming up at the end of this month, with its B mission on May 27. The mission will be the first-ever launch for A with humans on board, and for NASA, it’ll mark the first return to U.S.-based astronaut launches since the Shuttle program flew its last flight in 2011. On Friday, representatives from both A and NASA briefed the media on the mission and the specifics of what it will involve when astronauts D board the C for its debut crewed performance.The mission itself doesn’t sound all that complex when broken down step-by-step, but it represents the culmination of years of hard work on both A and NASA’s part.
The first thing to note about this mission is that it’s still technically a test, as noted in the “B” name. This is the capstone demonstration in a series of such missions that will fully human-rate the C and Falcon 9 for operational use. As noted during today’s press briefings, a big chunk of the actual human rating process occurs during this final mission — in fact, the majority of the actual final human rating happens on this flight, despite the many years of preparation and live tests to date, including the B mission, which was essentially a full round-trip flight, just without any astronauts on board.
Even though it’s technically a demonstration, the stakes couldn’t be higher -A has a lot to prove here, and it bears the utmost responsibility in terms of keeping D safe for the duration of the mission. Which, it turns out, is actually going to be longer than originally planned: NASA says the mission will last anywhere between 30 days and 119 days, depending on a few different factors, the most significant of which being how quickly the agency ends up being able to launch the first operational Commercial Crew mission, which will carry four astronauts, including two from NASA and one from Japan’s space agency.
In terms of timeline, the mission begins with a launch and ascent, followed by the second-stage separation (with C attached). The first-stage booster performs a flip and “boostback burn,” which sets it on its path to return to Earth for a powered landing. Meanwhile C separates from the second stage in space, and heads on to the ISS, which it’ll reach in anywhere from between two and 48 hours after liftoff depending on the position at the time of launch.
Source: TechCrunch
Question 3
NASA and A most defining moment of our current space era is coming up at the end of this month, with its B mission on May 27. The mission will be the first-ever launch for A with humans on board, and for NASA, it’ll mark the first return to U.S.-based astronaut launches since the Shuttle program flew its last flight in 2011. On Friday, representatives from both A and NASA briefed the media on the mission and the specifics of what it will involve when astronauts D board the C for its debut crewed performance.The mission itself doesn’t sound all that complex when broken down step-by-step, but it represents the culmination of years of hard work on both A and NASA’s part.
The first thing to note about this mission is that it’s still technically a test, as noted in the “B” name. This is the capstone demonstration in a series of such missions that will fully human-rate the C and Falcon 9 for operational use. As noted during today’s press briefings, a big chunk of the actual human rating process occurs during this final mission — in fact, the majority of the actual final human rating happens on this flight, despite the many years of preparation and live tests to date, including the B mission, which was essentially a full round-trip flight, just without any astronauts on board.
Even though it’s technically a demonstration, the stakes couldn’t be higher -A has a lot to prove here, and it bears the utmost responsibility in terms of keeping D safe for the duration of the mission. Which, it turns out, is actually going to be longer than originally planned: NASA says the mission will last anywhere between 30 days and 119 days, depending on a few different factors, the most significant of which being how quickly the agency ends up being able to launch the first operational Commercial Crew mission, which will carry four astronauts, including two from NASA and one from Japan’s space agency.
In terms of timeline, the mission begins with a launch and ascent, followed by the second-stage separation (with C attached). The first-stage booster performs a flip and “boostback burn,” which sets it on its path to return to Earth for a powered landing. Meanwhile C separates from the second stage in space, and heads on to the ISS, which it’ll reach in anywhere from between two and 48 hours after liftoff depending on the position at the time of launch.
Source: TechCrunch
Question 4
NASA and A most defining moment of our current space era is coming up at the end of this month, with its B mission on May 27. The mission will be the first-ever launch for A with humans on board, and for NASA, it’ll mark the first return to U.S.-based astronaut launches since the Shuttle program flew its last flight in 2011. On Friday, representatives from both A and NASA briefed the media on the mission and the specifics of what it will involve when astronauts D board the C for its debut crewed performance.The mission itself doesn’t sound all that complex when broken down step-by-step, but it represents the culmination of years of hard work on both A and NASA’s part.
The first thing to note about this mission is that it’s still technically a test, as noted in the “B” name. This is the capstone demonstration in a series of such missions that will fully human-rate the C and Falcon 9 for operational use. As noted during today’s press briefings, a big chunk of the actual human rating process occurs during this final mission — in fact, the majority of the actual final human rating happens on this flight, despite the many years of preparation and live tests to date, including the B mission, which was essentially a full round-trip flight, just without any astronauts on board.
Even though it’s technically a demonstration, the stakes couldn’t be higher -A has a lot to prove here, and it bears the utmost responsibility in terms of keeping D safe for the duration of the mission. Which, it turns out, is actually going to be longer than originally planned: NASA says the mission will last anywhere between 30 days and 119 days, depending on a few different factors, the most significant of which being how quickly the agency ends up being able to launch the first operational Commercial Crew mission, which will carry four astronauts, including two from NASA and one from Japan’s space agency.
In terms of timeline, the mission begins with a launch and ascent, followed by the second-stage separation (with C attached). The first-stage booster performs a flip and “boostback burn,” which sets it on its path to return to Earth for a powered landing. Meanwhile C separates from the second stage in space, and heads on to the ISS, which it’ll reach in anywhere from between two and 48 hours after liftoff depending on the position at the time of launch.
Source: TechCrunch
Question 5
NASA and A most defining moment of our current space era is coming up at the end of this month, with its B mission on May 27. The mission will be the first-ever launch for A with humans on board, and for NASA, it’ll mark the first return to U.S.-based astronaut launches since the Shuttle program flew its last flight in 2011. On Friday, representatives from both A and NASA briefed the media on the mission and the specifics of what it will involve when astronauts D board the C for its debut crewed performance.The mission itself doesn’t sound all that complex when broken down step-by-step, but it represents the culmination of years of hard work on both A and NASA’s part.
The first thing to note about this mission is that it’s still technically a test, as noted in the “B” name. This is the capstone demonstration in a series of such missions that will fully human-rate the C and Falcon 9 for operational use. As noted during today’s press briefings, a big chunk of the actual human rating process occurs during this final mission — in fact, the majority of the actual final human rating happens on this flight, despite the many years of preparation and live tests to date, including the B mission, which was essentially a full round-trip flight, just without any astronauts on board.
Even though it’s technically a demonstration, the stakes couldn’t be higher -A has a lot to prove here, and it bears the utmost responsibility in terms of keeping D safe for the duration of the mission. Which, it turns out, is actually going to be longer than originally planned: NASA says the mission will last anywhere between 30 days and 119 days, depending on a few different factors, the most significant of which being how quickly the agency ends up being able to launch the first operational Commercial Crew mission, which will carry four astronauts, including two from NASA and one from Japan’s space agency.
In terms of timeline, the mission begins with a launch and ascent, followed by the second-stage separation (with C attached). The first-stage booster performs a flip and “boostback burn,” which sets it on its path to return to Earth for a powered landing. Meanwhile C separates from the second stage in space, and heads on to the ISS, which it’ll reach in anywhere from between two and 48 hours after liftoff depending on the position at the time of launch.
Source: TechCrunch
Question 6
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
Which of the following statement/s is/are true about Monetary policy committee (MPC)?
1) The MP committee consists of 6 members, three for RBI and other three from Govt. of India.
2) In case of a tie, RBI Governor has the casting vote.
3) The meetings of Monetary policy are held atleast 4 times in a year.
4) MPC uses qualitative and quantitative approach to meet the inflation target.
5) Cash Reserve ratio is the key policy rate of Monetary policy.
Question 7
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
Question 8
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
Question 9
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
1) Present Policy Repo Rate is 4.0%.
2) Present Reverse Repo Rate is 3.35%.
3) Present Cash Reserve Ratio is 4.0%.
4) Present Statutory Liquidity Ratio is 20.0%.
5) Present Bank Rate is 4.25%.
Question 10
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
1) Due to this rate cut, inflation will come down to a manageable status and ultimately exports of goods and services will increase.
2) Rate cut will make funds cheaper for banks thus aiding them to bring down lending rates.
3) EMIs on home, auto, personal and term loan rates are expected to come down in the coming days.
4) Banks will also slash deposit rates on various tenures to manage its asset-liability position.
5) The 40 bps cut in reverse repo rate will prompt banks to make available funds for the productive sectors of the economy.
Question 11
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
Question 12
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
1) Bank Rate - This is the long term rate (Repo rate is for short term) at which central bank (RBI) lends money to other banks or financial institutions.
2) SLR - Statutory Liquidity Ratio - Every bank is required to maintain at the close of business every day, a minimum proportion of their Net Demand and Time Liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities.
3) CRR - Cash Reserve Ratio - It is a special window for banks to borrow from RBI against approved government securities in an emergency situation like an acute cash shortage.
4) Call Rate - Inter bank borrowing rate - Interest Rate paid by the banks for lending and borrowing funds with maturity period ranging from one day to 14 days. Call money market deals with extremely short term lending between banks themselves.
5) MSF - Marginal Standing facility - is the short term borrowing rate at which RBI borrows money from banks. The Reserve bank uses this tool when it feels there is too much money floating in the banking system.
Question 13
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
Question 14
The Monetary Policy Committee of the Reserve Bank of India (RBI) cut the policy rate by 40 basis points to “A” % on Friday, acknowledging the adverse impact on the Indian economy of the coronavirus disease (Covid-19) and the lockdown imposed to combat its spread. A basis point is one-hundredth of a percentage point. RBI has so far cut its policy rate by 115 basis points since the crisis began to a historic low. RBI governor Shaktikanta Das also extended the “moratorium” on payment of term loans (this includes mortgages or housing loans taken out by individuals, even personal loans) by another three months to August 31. The interest in these six months will be treated as a loan that will have to be paid by the end of this financial year (March 31).
Chief economic advisor “B” has maintained that GDP growth will be 1-2% this year and the International Monetary Fund predicted, on April 14, that India would grow by 1.9%. Goldman Sachs on Sunday said it expected India’s economy to contract 45% on an annualised basis in the quarter ending June, and by 5% in the financial year. India’s central bank has previously announced measures to tackle the economic crisis resulting from the pandemic (and the lockdown) on March 27 and April 17. According to the government, around 8.01 lakh crore of the “C” Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) announced by the government through last week is accounted for by monetary measures of the RBI.
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