UPSC Current Affairs Quiz : 22 November 2024
Kartavya Desk Staff
.The Current Affairs Quiz 2024 is a daily quiz based on the DAILY CURRENT AFFAIRS AND PIB SUMMARY from the previous day, as posted on our website. It covers all relevant news sources and is designed to test your knowledge of current events. Solving these questions will help you retain both concepts and facts relevant to the UPSC IAS civil services exam.
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• Question 1 of 10 1. Question 1 points What is the primary aim of the Bhu-Neer Portal? a) To promote large-scale water extraction projects b) To provide state-wise groundwater quality data c) To regulate and manage groundwater resources sustainably d) To introduce a digital system for surface water distribution Correct Solution: c) The Bhu-Neer Portal, developed by the Ministry of Jal Shakti, focuses on regulating and managing groundwater resources transparently and sustainably. About the “Bhu-Neer” Portal: Ministry: Ministry of Jal Shakti, developed by Central Ground Water Authority(CGWA) in collaboration with NIC. Aim: To regulate, manage, and monitor groundwater resources transparently and efficiently, promoting sustainability. Key Features: PAN-Based Single ID System: Simplifies user registration for all stakeholders. NOC with QR Code: Ensures verifiable and trackable compliance documentation. Streamlined Processes: Simplifies permit application for groundwater withdrawal. Centralized Database: Offers access to legal frameworks, groundwater policies, and sustainable practices at state and national levels. Ease of Doing Business: Aligns with the Prime Minister’s vision by making groundwater regulation seamless and faceless. Incorrect Solution: c) The Bhu-Neer Portal, developed by the Ministry of Jal Shakti, focuses on regulating and managing groundwater resources transparently and sustainably. About the “Bhu-Neer” Portal: Ministry: Ministry of Jal Shakti, developed by Central Ground Water Authority(CGWA) in collaboration with NIC. Aim: To regulate, manage, and monitor groundwater resources transparently and efficiently, promoting sustainability. Key Features: PAN-Based Single ID System: Simplifies user registration for all stakeholders. NOC with QR Code: Ensures verifiable and trackable compliance documentation. Streamlined Processes: Simplifies permit application for groundwater withdrawal. Centralized Database: Offers access to legal frameworks, groundwater policies, and sustainable practices at state and national levels. Ease of Doing Business: Aligns with the Prime Minister’s vision by making groundwater regulation seamless and faceless.
#### 1. Question
What is the primary aim of the Bhu-Neer Portal?
• a) To promote large-scale water extraction projects
• b) To provide state-wise groundwater quality data
• c) To regulate and manage groundwater resources sustainably
• d) To introduce a digital system for surface water distribution
Solution: c)
The Bhu-Neer Portal, developed by the Ministry of Jal Shakti, focuses on regulating and managing groundwater resources transparently and sustainably.
About the “Bhu-Neer” Portal:
• Ministry: Ministry of Jal Shakti, developed by Central Ground Water Authority(CGWA) in collaboration with NIC.
• Aim: To regulate, manage, and monitor groundwater resources transparently and efficiently, promoting sustainability.
Key Features:
• PAN-Based Single ID System: Simplifies user registration for all stakeholders.
• NOC with QR Code: Ensures verifiable and trackable compliance documentation.
• Streamlined Processes: Simplifies permit application for groundwater withdrawal.
• Centralized Database: Offers access to legal frameworks, groundwater policies, and sustainable practices at state and national levels.
• Ease of Doing Business: Aligns with the Prime Minister’s vision by making groundwater regulation seamless and faceless.
Solution: c)
The Bhu-Neer Portal, developed by the Ministry of Jal Shakti, focuses on regulating and managing groundwater resources transparently and sustainably.
About the “Bhu-Neer” Portal:
• Ministry: Ministry of Jal Shakti, developed by Central Ground Water Authority(CGWA) in collaboration with NIC.
• Aim: To regulate, manage, and monitor groundwater resources transparently and efficiently, promoting sustainability.
Key Features:
• PAN-Based Single ID System: Simplifies user registration for all stakeholders.
• NOC with QR Code: Ensures verifiable and trackable compliance documentation.
• Streamlined Processes: Simplifies permit application for groundwater withdrawal.
• Centralized Database: Offers access to legal frameworks, groundwater policies, and sustainable practices at state and national levels.
• Ease of Doing Business: Aligns with the Prime Minister’s vision by making groundwater regulation seamless and faceless.
• Question 2 of 10 2. Question 1 points What is the primary objective of the Central Value Added Tax (CENVAT)? a) To increase revenue collection for the central government b) To prevent double taxation and reduce cascading taxes c) To incentivize foreign investments in India d) To replace service tax with a single indirect tax Correct Solution: b) The primary objective of the Central Value Added Tax (CENVAT) is to prevent double taxation and reduce cascading taxes in the production and service supply chain. Cascading taxes occur when a tax is levied on top of another tax, increasing the overall cost of goods and services. CENVAT achieves this by allowing manufacturers and service providers to claim tax credits for the excise duty or service tax paid on inputs, input services, or capital goods used in the production process. Implemented under the CENVAT Credit Rules, 2004, the system simplifies the taxation process, ensuring that tax is levied only on the value addition at each stage. This not only lowers the tax burden on businesses but also promotes competitiveness by enabling them to reinvest savings in innovation and production. By eliminating tax redundancies, CENVAT also benefits consumers through lower prices, making it a critical component of India’s pre-GST taxation framework. Incorrect Solution: b) The primary objective of the Central Value Added Tax (CENVAT) is to prevent double taxation and reduce cascading taxes in the production and service supply chain. Cascading taxes occur when a tax is levied on top of another tax, increasing the overall cost of goods and services. CENVAT achieves this by allowing manufacturers and service providers to claim tax credits for the excise duty or service tax paid on inputs, input services, or capital goods used in the production process. Implemented under the CENVAT Credit Rules, 2004, the system simplifies the taxation process, ensuring that tax is levied only on the value addition at each stage. This not only lowers the tax burden on businesses but also promotes competitiveness by enabling them to reinvest savings in innovation and production. By eliminating tax redundancies, CENVAT also benefits consumers through lower prices, making it a critical component of India’s pre-GST taxation framework.
#### 2. Question
What is the primary objective of the Central Value Added Tax (CENVAT)?
• a) To increase revenue collection for the central government
• b) To prevent double taxation and reduce cascading taxes
• c) To incentivize foreign investments in India
• d) To replace service tax with a single indirect tax
Solution: b)
• The primary objective of the Central Value Added Tax (CENVAT) is to prevent double taxation and reduce cascading taxes in the production and service supply chain.
• Cascading taxes occur when a tax is levied on top of another tax, increasing the overall cost of goods and services.
• CENVAT achieves this by allowing manufacturers and service providers to claim tax credits for the excise duty or service tax paid on inputs, input services, or capital goods used in the production process.
Implemented under the CENVAT Credit Rules, 2004, the system simplifies the taxation process, ensuring that tax is levied only on the value addition at each stage. This not only lowers the tax burden on businesses but also promotes competitiveness by enabling them to reinvest savings in innovation and production. By eliminating tax redundancies, CENVAT also benefits consumers through lower prices, making it a critical component of India’s pre-GST taxation framework.
Solution: b)
• The primary objective of the Central Value Added Tax (CENVAT) is to prevent double taxation and reduce cascading taxes in the production and service supply chain.
• Cascading taxes occur when a tax is levied on top of another tax, increasing the overall cost of goods and services.
• CENVAT achieves this by allowing manufacturers and service providers to claim tax credits for the excise duty or service tax paid on inputs, input services, or capital goods used in the production process.
Implemented under the CENVAT Credit Rules, 2004, the system simplifies the taxation process, ensuring that tax is levied only on the value addition at each stage. This not only lowers the tax burden on businesses but also promotes competitiveness by enabling them to reinvest savings in innovation and production. By eliminating tax redundancies, CENVAT also benefits consumers through lower prices, making it a critical component of India’s pre-GST taxation framework.
• Question 3 of 10 3. Question 1 points As per State of the World’s Children Report 2024, which region is projected to host the highest proportion of the global child population by 2050? a) Asia b) Latin America c) Europe d) Africa Correct Solution: d) The State of the World’s Children 2024 report by UNICEF highlights critical challenges and opportunities shaping the future of childhood globally. By 2050, Africa is projected to have the highest proportion of the global child population due to demographic shifts. Incorrect Solution: d) The State of the World’s Children 2024 report by UNICEF highlights critical challenges and opportunities shaping the future of childhood globally. By 2050, Africa is projected to have the highest proportion of the global child population due to demographic shifts.
#### 3. Question
As per State of the World’s Children Report 2024, which region is projected to host the highest proportion of the global child population by 2050?
• b) Latin America
Solution: d)
The State of the World’s Children 2024 report by UNICEF highlights critical challenges and opportunities shaping the future of childhood globally. By 2050, Africa is projected to have the highest proportion of the global child population due to demographic shifts.
Solution: d)
The State of the World’s Children 2024 report by UNICEF highlights critical challenges and opportunities shaping the future of childhood globally. By 2050, Africa is projected to have the highest proportion of the global child population due to demographic shifts.
• Question 4 of 10 4. Question 1 points Consider the following statements regarding the Waves OTT Platform: It supports young content creators and National Creator Awardees. It was launched by Prasar Bharati under the Ministry of Information and Broadcasting. It is supported by BharatNet for enhancing rural connectivity. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: c) About Waves OTT Platform: Developer:Prasar Bharati, under the Ministry of Information and Broadcasting. Launch Event:Inaugurated at IFFI 2024. Tagline:“Waves – Family Entertainment Ki Nayi Lehar.” Languages and Content:Offers content in 12+ languages, including Hindi, English, Tamil, Konkani, and Assamese. Features infotainment, gaming, education, and shopping. Live Channels:Streams 65 live TV channels, including “Mann Ki Baat” and Ayodhya’s Prabhu Shriram Lalla Aarti. Unique Features: Content Accessibility:Leverages BharatNet for rural connectivity. Diverse Content:Includes films, student projects, music shows, animations, and crime thrillers. Collaborations:Partnerships with FTII, Annapurna, ONDC, and CDAC for cybersecurity awareness. Support for Creators: Open platform for young content creators and National Creator Awardees. Incorrect Solution: c) About Waves OTT Platform: Developer:Prasar Bharati, under the Ministry of Information and Broadcasting. Launch Event:Inaugurated at IFFI 2024. Tagline:“Waves – Family Entertainment Ki Nayi Lehar.” Languages and Content:Offers content in 12+ languages, including Hindi, English, Tamil, Konkani, and Assamese. Features infotainment, gaming, education, and shopping. Live Channels:Streams 65 live TV channels, including “Mann Ki Baat” and Ayodhya’s Prabhu Shriram Lalla Aarti. Unique Features: Content Accessibility:Leverages BharatNet for rural connectivity. Diverse Content:Includes films, student projects, music shows, animations, and crime thrillers. Collaborations:Partnerships with FTII, Annapurna, ONDC, and CDAC for cybersecurity awareness. Support for Creators: Open platform for young content creators and National Creator Awardees.
#### 4. Question
Consider the following statements regarding the Waves OTT Platform:
• It supports young content creators and National Creator Awardees.
• It was launched by Prasar Bharati under the Ministry of Information and Broadcasting.
• It is supported by BharatNet for enhancing rural connectivity.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: c)
About Waves OTT Platform:
• Developer:Prasar Bharati, under the Ministry of Information and Broadcasting.
• Launch Event:Inaugurated at IFFI 2024.
• Tagline:“Waves – Family Entertainment Ki Nayi Lehar.”
• Languages and Content:Offers content in 12+ languages, including Hindi, English, Tamil, Konkani, and Assamese. Features infotainment, gaming, education, and shopping.
• Live Channels:Streams 65 live TV channels, including “Mann Ki Baat” and Ayodhya’s Prabhu Shriram Lalla Aarti.
Unique Features:
• Content Accessibility:Leverages BharatNet for rural connectivity.
• Diverse Content:Includes films, student projects, music shows, animations, and crime thrillers.
• Collaborations:Partnerships with FTII, Annapurna, ONDC, and CDAC for cybersecurity awareness.
Support for Creators: Open platform for young content creators and National Creator Awardees.
Solution: c)
About Waves OTT Platform:
• Developer:Prasar Bharati, under the Ministry of Information and Broadcasting.
• Launch Event:Inaugurated at IFFI 2024.
• Tagline:“Waves – Family Entertainment Ki Nayi Lehar.”
• Languages and Content:Offers content in 12+ languages, including Hindi, English, Tamil, Konkani, and Assamese. Features infotainment, gaming, education, and shopping.
• Live Channels:Streams 65 live TV channels, including “Mann Ki Baat” and Ayodhya’s Prabhu Shriram Lalla Aarti.
Unique Features:
• Content Accessibility:Leverages BharatNet for rural connectivity.
• Diverse Content:Includes films, student projects, music shows, animations, and crime thrillers.
• Collaborations:Partnerships with FTII, Annapurna, ONDC, and CDAC for cybersecurity awareness.
Support for Creators: Open platform for young content creators and National Creator Awardees.
• Question 5 of 10 5. Question 1 points Consider the following statements about the AI Data Bank’s applications: It is exclusively designed for governance and public administration. It aims to replace all manual disaster management techniques with AI. It was launched during the NITI Aayog AI Leadership Meet 2024. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: d) About India’s First Artificial Intelligence (AI) Data Bank: Launched By:Minister of Science and Technology. Event:Unveiled during the ASSOCHAM AI Leadership Meet 2024. Purpose: To provide high-quality, diverse datasets for researchers, startups, and developers. To enable scalable and inclusive AI solutions. To enhance national security through real-time analytics of satellite, drone, and IoT data. Applications: National Security:Strengthens real-time surveillance and cyber defense. Disaster Management:Facilitates predictive analytics for risk mitigation. Public Service Delivery:Optimizes governance and citizen services. Sectoral Impact:Governance, healthcare, business, education, and space exploration. Ethical Use:Frameworks to address algorithmic bias, data privacy, and equitable access. Vision:To ensure AI bridges societal divides, empowers citizens, and drives economic growth. Incorrect Solution: d) About India’s First Artificial Intelligence (AI) Data Bank: Launched By:Minister of Science and Technology. Event:Unveiled during the ASSOCHAM AI Leadership Meet 2024. Purpose: To provide high-quality, diverse datasets for researchers, startups, and developers. To enable scalable and inclusive AI solutions. To enhance national security through real-time analytics of satellite, drone, and IoT data. Applications: National Security:Strengthens real-time surveillance and cyber defense. Disaster Management:Facilitates predictive analytics for risk mitigation. Public Service Delivery:Optimizes governance and citizen services. Sectoral Impact:Governance, healthcare, business, education, and space exploration. Ethical Use:Frameworks to address algorithmic bias, data privacy, and equitable access. Vision:To ensure AI bridges societal divides, empowers citizens, and drives economic growth.
#### 5. Question
Consider the following statements about the AI Data Bank’s applications:
• It is exclusively designed for governance and public administration.
• It aims to replace all manual disaster management techniques with AI.
• It was launched during the NITI Aayog AI Leadership Meet 2024.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: d)
About India’s First Artificial Intelligence (AI) Data Bank:
• Launched By:Minister of Science and Technology.
• Event:Unveiled during the ASSOCHAM AI Leadership Meet 2024.
• To provide high-quality, diverse datasets for researchers, startups, and developers.
• To enable scalable and inclusive AI solutions.
• To enhance national security through real-time analytics of satellite, drone, and IoT data.
Applications:
• National Security:Strengthens real-time surveillance and cyber defense.
• Disaster Management:Facilitates predictive analytics for risk mitigation.
• Public Service Delivery:Optimizes governance and citizen services.
• Sectoral Impact:Governance, healthcare, business, education, and space exploration.
• Ethical Use:Frameworks to address algorithmic bias, data privacy, and equitable access.
• Vision:To ensure AI bridges societal divides, empowers citizens, and drives economic growth.
Solution: d)
About India’s First Artificial Intelligence (AI) Data Bank:
• Launched By:Minister of Science and Technology.
• Event:Unveiled during the ASSOCHAM AI Leadership Meet 2024.
• To provide high-quality, diverse datasets for researchers, startups, and developers.
• To enable scalable and inclusive AI solutions.
• To enhance national security through real-time analytics of satellite, drone, and IoT data.
Applications:
• National Security:Strengthens real-time surveillance and cyber defense.
• Disaster Management:Facilitates predictive analytics for risk mitigation.
• Public Service Delivery:Optimizes governance and citizen services.
• Sectoral Impact:Governance, healthcare, business, education, and space exploration.
• Ethical Use:Frameworks to address algorithmic bias, data privacy, and equitable access.
• Vision:To ensure AI bridges societal divides, empowers citizens, and drives economic growth.
• Question 6 of 10 6. Question 1 points Consider the following statements about UNICEF: It was established post-World War I to focus on children affected by conflicts. UNICEF operates in over 190 countries and territories. It relies exclusively on government contributions for funding. How many of the above statements are correct? a) Only one b) Only two c) All three d) None Correct Solution: a) Statement 1 is incorrect as UNICEF was established post-World War II, not World War I. Statement 2 is correct, highlighting its global presence in 190+ countries. Statement 3 is incorrect because it relies on voluntary contributions, not just government funding. About UNICEF: Established:1946, post-World War II. Mandate:To protect the rights and futures of children worldwide, regardless of country. Presence:Active in 190+ countries and territories. Funding:Fully funded through voluntary contributions from individuals, governments, and private sector partners. Awards:Nobel Peace Prize (1965), Indira Gandhi Prize (1989), Princess of Asturias Award (2006). Reports Published: The State of the World’s Children, among others. Incorrect Solution: a) Statement 1 is incorrect as UNICEF was established post-World War II, not World War I. Statement 2 is correct, highlighting its global presence in 190+ countries. Statement 3 is incorrect because it relies on voluntary contributions, not just government funding. About UNICEF: Established:1946, post-World War II. Mandate:To protect the rights and futures of children worldwide, regardless of country. Presence:Active in 190+ countries and territories. Funding:Fully funded through voluntary contributions from individuals, governments, and private sector partners. Awards:Nobel Peace Prize (1965), Indira Gandhi Prize (1989), Princess of Asturias Award (2006). Reports Published: The State of the World’s Children, among others.
#### 6. Question
Consider the following statements about UNICEF:
• It was established post-World War I to focus on children affected by conflicts.
• UNICEF operates in over 190 countries and territories.
• It relies exclusively on government contributions for funding.
How many of the above statements are correct?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statement 1 is incorrect as UNICEF was established post-World War II, not World War I.
Statement 2 is correct, highlighting its global presence in 190+ countries.
Statement 3 is incorrect because it relies on voluntary contributions, not just government funding.
About UNICEF:
• Established:1946, post-World War II.
• Mandate:To protect the rights and futures of children worldwide, regardless of country.
• Presence:Active in 190+ countries and territories.
• Funding:Fully funded through voluntary contributions from individuals, governments, and private sector partners.
• Awards:Nobel Peace Prize (1965), Indira Gandhi Prize (1989), Princess of Asturias Award (2006).
• Reports Published: The State of the World’s Children, among others.
Solution: a)
Statement 1 is incorrect as UNICEF was established post-World War II, not World War I.
Statement 2 is correct, highlighting its global presence in 190+ countries.
Statement 3 is incorrect because it relies on voluntary contributions, not just government funding.
About UNICEF:
• Established:1946, post-World War II.
• Mandate:To protect the rights and futures of children worldwide, regardless of country.
• Presence:Active in 190+ countries and territories.
• Funding:Fully funded through voluntary contributions from individuals, governments, and private sector partners.
• Awards:Nobel Peace Prize (1965), Indira Gandhi Prize (1989), Princess of Asturias Award (2006).
• Reports Published: The State of the World’s Children, among others.
• Question 7 of 10 7. Question 1 points Which of the following features distinguishes the PM Vidyalaxmi Scheme? a) Collateral-free education loans with a 50% government credit guarantee b) Eligibility for all higher education institutions in India c) Interest subvention for families with an annual income up to ₹8 lakhs d) Exclusively supports foreign education for meritorious students Correct Solution: c) On November 6, 2024, the Union Cabinet approved PM Vidyalaxmi, a Central Sector Scheme aimed at providing financial support to meritorious students pursuing higher education. The scheme offers collateral-free and guarantor-free loans to cover tuition fees and related expenses for students admitted to select quality institutions ranked by the National Institutional Ranking Framework (NIRF). About PM Vidyalaxmi Scheme: Objective: To provide financial assistance to meritorious students, eliminating financial constraints in accessing quality higher education. Eligibility: Available to students admitted to top 860 HEIsin India, as per NIRF rankings, covering over 22 lakh students annually. Loan features: Offers collateral-free, guarantor-free education loans with a user-friendly, digital application process. Credit guarantee: Government provides a 75% credit guarantee on loans up to ₹7.5 lakhs, supporting banks in loan expansion. Interest subvention: For families with an annual income up to ₹8 lakhs, a 3% interest subvention is provided on loans up to ₹10 lakhs. Full interest subvention is available to students with family incomes up to ₹4.5 lakhs under the PM-USP scheme. Complementary schemes: Supplements existing schemes like CSIS and CGFSEL under PM-USP, offering comprehensive support for technical and professional courses in approved HEIs. Incorrect Solution: c) On November 6, 2024, the Union Cabinet approved PM Vidyalaxmi, a Central Sector Scheme aimed at providing financial support to meritorious students pursuing higher education. The scheme offers collateral-free and guarantor-free loans to cover tuition fees and related expenses for students admitted to select quality institutions ranked by the National Institutional Ranking Framework (NIRF). About PM Vidyalaxmi Scheme: Objective: To provide financial assistance to meritorious students, eliminating financial constraints in accessing quality higher education. Eligibility: Available to students admitted to top 860 HEIsin India, as per NIRF rankings, covering over 22 lakh students annually. Loan features: Offers collateral-free, guarantor-free education loans with a user-friendly, digital application process. Credit guarantee: Government provides a 75% credit guarantee on loans up to ₹7.5 lakhs, supporting banks in loan expansion. Interest subvention: For families with an annual income up to ₹8 lakhs, a 3% interest subvention is provided on loans up to ₹10 lakhs. Full interest subvention is available to students with family incomes up to ₹4.5 lakhs under the PM-USP scheme. Complementary schemes: Supplements existing schemes like CSIS and CGFSEL under PM-USP, offering comprehensive support for technical and professional courses in approved HEIs.
#### 7. Question
Which of the following features distinguishes the PM Vidyalaxmi Scheme?
• a) Collateral-free education loans with a 50% government credit guarantee
• b) Eligibility for all higher education institutions in India
• c) Interest subvention for families with an annual income up to ₹8 lakhs
• d) Exclusively supports foreign education for meritorious students
Solution: c)
On November 6, 2024, the Union Cabinet approved PM Vidyalaxmi, a Central Sector Scheme aimed at providing financial support to meritorious students pursuing higher education.
The scheme offers collateral-free and guarantor-free loans to cover tuition fees and related expenses for students admitted to select quality institutions ranked by the National Institutional Ranking Framework (NIRF).
About PM Vidyalaxmi Scheme:
• Objective: To provide financial assistance to meritorious students, eliminating financial constraints in accessing quality higher education.
• Eligibility: Available to students admitted to top 860 HEIsin India, as per NIRF rankings, covering over 22 lakh students annually.
• Loan features: Offers collateral-free, guarantor-free education loans with a user-friendly, digital application process.
• Credit guarantee: Government provides a 75% credit guarantee on loans up to ₹7.5 lakhs, supporting banks in loan expansion.
• Interest subvention: For families with an annual income up to ₹8 lakhs, a 3% interest subvention is provided on loans up to ₹10 lakhs. Full interest subvention is available to students with family incomes up to ₹4.5 lakhs under the PM-USP scheme.
Complementary schemes: Supplements existing schemes like CSIS and CGFSEL under PM-USP, offering comprehensive support for technical and professional courses in approved HEIs.
Solution: c)
On November 6, 2024, the Union Cabinet approved PM Vidyalaxmi, a Central Sector Scheme aimed at providing financial support to meritorious students pursuing higher education.
The scheme offers collateral-free and guarantor-free loans to cover tuition fees and related expenses for students admitted to select quality institutions ranked by the National Institutional Ranking Framework (NIRF).
About PM Vidyalaxmi Scheme:
• Objective: To provide financial assistance to meritorious students, eliminating financial constraints in accessing quality higher education.
• Eligibility: Available to students admitted to top 860 HEIsin India, as per NIRF rankings, covering over 22 lakh students annually.
• Loan features: Offers collateral-free, guarantor-free education loans with a user-friendly, digital application process.
• Credit guarantee: Government provides a 75% credit guarantee on loans up to ₹7.5 lakhs, supporting banks in loan expansion.
• Interest subvention: For families with an annual income up to ₹8 lakhs, a 3% interest subvention is provided on loans up to ₹10 lakhs. Full interest subvention is available to students with family incomes up to ₹4.5 lakhs under the PM-USP scheme.
Complementary schemes: Supplements existing schemes like CSIS and CGFSEL under PM-USP, offering comprehensive support for technical and professional courses in approved HEIs.
• Question 8 of 10 8. Question 1 points Consider the following statements about Central Value Added Tax (CENVAT): It applies only to excise duty and does not cover service tax. CENVAT credit can be claimed on capital goods integral to the manufacturing process. It replaced the Modified Value Added Tax (MODVAT) system. How many of the above statements are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) Statement 1 is incorrect because CENVAT applies to both excise duty and service tax. Statement 2 is correct as capital goods integral to manufacturing are eligible for CENVAT credit. Statement 3 is correct since CENVAT replaced MODVAT under the CENVAT Credit Rules, 2004. About Central Value Added Tax (CENVAT): What is CENVAT: A tax credit system allowing manufacturers or service providers to claim a set-off on excise duty or service tax paid on inputs or input services used for manufacturing or providing output services. Rules Governing CENVAT: Implemented under the CENVAT Credit Rules, 2004, it replaced the Modified Value Added Tax (MODVAT). These rules define eligible goods, input services, and conditions for availing credit. Criteria for CENVAT credit: Inputs:Goods used directly or indirectly in the production of final products. Capital goods:Machinery or equipment integral to the manufacturing process. Output services:Taxable services for which input credits can offset the service tax liability. Partial processing:Credits are allowed for partially processed goods. Incorrect Solution: b) Statement 1 is incorrect because CENVAT applies to both excise duty and service tax. Statement 2 is correct as capital goods integral to manufacturing are eligible for CENVAT credit. Statement 3 is correct since CENVAT replaced MODVAT under the CENVAT Credit Rules, 2004. About Central Value Added Tax (CENVAT): What is CENVAT: A tax credit system allowing manufacturers or service providers to claim a set-off on excise duty or service tax paid on inputs or input services used for manufacturing or providing output services. Rules Governing CENVAT: Implemented under the CENVAT Credit Rules, 2004, it replaced the Modified Value Added Tax (MODVAT). These rules define eligible goods, input services, and conditions for availing credit. Criteria for CENVAT credit: Inputs:Goods used directly or indirectly in the production of final products. Capital goods:Machinery or equipment integral to the manufacturing process. Output services:Taxable services for which input credits can offset the service tax liability. Partial processing:Credits are allowed for partially processed goods.
#### 8. Question
Consider the following statements about Central Value Added Tax (CENVAT):
• It applies only to excise duty and does not cover service tax.
• CENVAT credit can be claimed on capital goods integral to the manufacturing process.
• It replaced the Modified Value Added Tax (MODVAT) system.
How many of the above statements are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
Statement 1 is incorrect because CENVAT applies to both excise duty and service tax.
Statement 2 is correct as capital goods integral to manufacturing are eligible for CENVAT credit.
Statement 3 is correct since CENVAT replaced MODVAT under the CENVAT Credit Rules, 2004.
About Central Value Added Tax (CENVAT):
• What is CENVAT: A tax credit system allowing manufacturers or service providers to claim a set-off on excise duty or service tax paid on inputs or input services used for manufacturing or providing output services.
• Rules Governing CENVAT: Implemented under the CENVAT Credit Rules, 2004, it replaced the Modified Value Added Tax (MODVAT). These rules define eligible goods, input services, and conditions for availing credit.
Criteria for CENVAT credit:
• Inputs:Goods used directly or indirectly in the production of final products.
• Capital goods:Machinery or equipment integral to the manufacturing process.
• Output services:Taxable services for which input credits can offset the service tax liability.
• Partial processing:Credits are allowed for partially processed goods.
Solution: b)
Statement 1 is incorrect because CENVAT applies to both excise duty and service tax.
Statement 2 is correct as capital goods integral to manufacturing are eligible for CENVAT credit.
Statement 3 is correct since CENVAT replaced MODVAT under the CENVAT Credit Rules, 2004.
About Central Value Added Tax (CENVAT):
• What is CENVAT: A tax credit system allowing manufacturers or service providers to claim a set-off on excise duty or service tax paid on inputs or input services used for manufacturing or providing output services.
• Rules Governing CENVAT: Implemented under the CENVAT Credit Rules, 2004, it replaced the Modified Value Added Tax (MODVAT). These rules define eligible goods, input services, and conditions for availing credit.
Criteria for CENVAT credit:
• Inputs:Goods used directly or indirectly in the production of final products.
• Capital goods:Machinery or equipment integral to the manufacturing process.
• Output services:Taxable services for which input credits can offset the service tax liability.
• Partial processing:Credits are allowed for partially processed goods.
• Question 9 of 10 9. Question 1 points Consider the following statements regarding UNICEF’s initiatives and achievements: The Children’s Rights and Business Principles were developed in collaboration with the World Bank. The “Data Must Speak” Initiative aims to improve access to quality education. UNICEF’s headquarters is located in Geneva, Switzerland. How many of the above statements are correct? a) Only one b) Only two c) All three d) None Correct Solution: a) Statement 1 is incorrect; the Children’s Rights and Business Principles were developed with Save the Children, not the World Bank. Statement 2 is correct, as the initiative focuses on improving education access. Statement 3 is incorrect because UNICEF’s headquarters is in New York City. Incorrect Solution: a) Statement 1 is incorrect; the Children’s Rights and Business Principles were developed with Save the Children, not the World Bank. Statement 2 is correct, as the initiative focuses on improving education access. Statement 3 is incorrect because UNICEF’s headquarters is in New York City.
#### 9. Question
Consider the following statements regarding UNICEF’s initiatives and achievements:
• The Children’s Rights and Business Principles were developed in collaboration with the World Bank.
• The “Data Must Speak” Initiative aims to improve access to quality education.
• UNICEF’s headquarters is located in Geneva, Switzerland.
How many of the above statements are correct?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statement 1 is incorrect; the Children’s Rights and Business Principles were developed with Save the Children, not the World Bank.
Statement 2 is correct, as the initiative focuses on improving education access.
Statement 3 is incorrect because UNICEF’s headquarters is in New York City.
Solution: a)
Statement 1 is incorrect; the Children’s Rights and Business Principles were developed with Save the Children, not the World Bank.
Statement 2 is correct, as the initiative focuses on improving education access.
Statement 3 is incorrect because UNICEF’s headquarters is in New York City.
• Question 10 of 10 10. Question 1 points Consider the following statements regarding Salt Chimneys on the Dead Sea floor: They are formed by the deposition of calcium carbonate due to freshwater mixing with Dead Sea water. These structures can grow several centimetres per day due to hypersaline brine flow. Salt chimneys are completely stable and do not indicate geological risks. How many of the above statements are correct? a) Only one b) Only two c) All three d) None Correct Solution: a) Statement 1 is incorrect because they are formed by halite crystallization, not calcium carbonate deposition. Statement 2 is correct as the rapid upward flow of hypersaline brine leads to their fast growth. Statement 3 is incorrect because salt chimneys are indicators of geological risks, including sinkhole formation. Researchers from the Helmholtz Centre for Environmental Research (UFZ) discovered unique salt chimneys on the Dead Sea floor, a rare geological phenomenon formed by highly saline groundwater. About Salt Chimneys: Formation:Created by the upward flow of hypersaline brine from aquifers, leading to the crystallization of halite upon contact with Dead Sea water. Characteristics:Structures range from 1-7 meters in height with diameters of 2-3 meters. They grow rapidly, up to several centimetres per day. Significance:Serve as early indicators of sinkhole risks, highlighting areas prone to karstification and ground collapse. Applications:Potential for autonomous mapping to predict regions at risk of sinkhole formation. Incorrect Solution: a) Statement 1 is incorrect because they are formed by halite crystallization, not calcium carbonate deposition. Statement 2 is correct as the rapid upward flow of hypersaline brine leads to their fast growth. Statement 3 is incorrect because salt chimneys are indicators of geological risks, including sinkhole formation. Researchers from the Helmholtz Centre for Environmental Research (UFZ) discovered unique salt chimneys on the Dead Sea floor, a rare geological phenomenon formed by highly saline groundwater. About Salt Chimneys: Formation:Created by the upward flow of hypersaline brine from aquifers, leading to the crystallization of halite upon contact with Dead Sea water. Characteristics:Structures range from 1-7 meters in height with diameters of 2-3 meters. They grow rapidly, up to several centimetres per day. Significance:Serve as early indicators of sinkhole risks, highlighting areas prone to karstification and ground collapse. Applications:Potential for autonomous mapping to predict regions at risk of sinkhole formation.
#### 10. Question
Consider the following statements regarding Salt Chimneys on the Dead Sea floor:
• They are formed by the deposition of calcium carbonate due to freshwater mixing with Dead Sea water.
• These structures can grow several centimetres per day due to hypersaline brine flow.
• Salt chimneys are completely stable and do not indicate geological risks.
How many of the above statements are correct?
• a) Only one
• b) Only two
• c) All three
Solution: a)
Statement 1 is incorrect because they are formed by halite crystallization, not calcium carbonate deposition.
Statement 2 is correct as the rapid upward flow of hypersaline brine leads to their fast growth.
Statement 3 is incorrect because salt chimneys are indicators of geological risks, including sinkhole formation.
Researchers from the Helmholtz Centre for Environmental Research (UFZ) discovered unique salt chimneys on the Dead Sea floor, a rare geological phenomenon formed by highly saline groundwater.
About Salt Chimneys:
• Formation:Created by the upward flow of hypersaline brine from aquifers, leading to the crystallization of halite upon contact with Dead Sea water.
• Characteristics:Structures range from 1-7 meters in height with diameters of 2-3 meters. They grow rapidly, up to several centimetres per day.
• Significance:Serve as early indicators of sinkhole risks, highlighting areas prone to karstification and ground collapse.
• Applications:Potential for autonomous mapping to predict regions at risk of sinkhole formation.
Solution: a)
Statement 1 is incorrect because they are formed by halite crystallization, not calcium carbonate deposition.
Statement 2 is correct as the rapid upward flow of hypersaline brine leads to their fast growth.
Statement 3 is incorrect because salt chimneys are indicators of geological risks, including sinkhole formation.
Researchers from the Helmholtz Centre for Environmental Research (UFZ) discovered unique salt chimneys on the Dead Sea floor, a rare geological phenomenon formed by highly saline groundwater.
About Salt Chimneys:
• Formation:Created by the upward flow of hypersaline brine from aquifers, leading to the crystallization of halite upon contact with Dead Sea water.
• Characteristics:Structures range from 1-7 meters in height with diameters of 2-3 meters. They grow rapidly, up to several centimetres per day.
• Significance:Serve as early indicators of sinkhole risks, highlighting areas prone to karstification and ground collapse.
• Applications:Potential for autonomous mapping to predict regions at risk of sinkhole formation.
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