Daily Quiz 04 April 2026
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Question 1 of 5
1. Question
1 pointsWith reference to CGSMFI-2.0, consider the following statements:
- It provides credit guarantee cover to banks lending to microfinance institutions.
- The scheme is implemented by the Reserve Bank of India (RBI).
- It provides higher guarantee coverage for smaller MFIs.
- It aims to strengthen financial inclusion and rural credit flow.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct: The scheme provides a credit guarantee cover to banks and other Member Lending Institutions (MLIs) against potential defaults on loans they extend to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and other MFIs.
- Statement 2 is incorrect: The scheme is implemented and managed by the National Credit Guarantee Trustee Company Limited (NCGTC), which is under the Department of Financial Services (DFS), Ministry of Finance, not the RBI. The RBI’s role is limited to providing the regulatory definition of “microfinance” used to identify eligible borrowers.
- Statement 3 is correct: CGSMFI-2.0 uses a tiered guarantee structure that prioritises smaller players. It provides 80% coverage for small MFIs, 75% for medium MFIs, and 70% for large MFIs.
Statement 4 is correct: The primary objective is to ensure an uninterrupted flow of credit to low-income and small borrowers (targeting 36 lakh individuals), thereby bolstering financial inclusion and rural economic stability.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct: The scheme provides a credit guarantee cover to banks and other Member Lending Institutions (MLIs) against potential defaults on loans they extend to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and other MFIs.
- Statement 2 is incorrect: The scheme is implemented and managed by the National Credit Guarantee Trustee Company Limited (NCGTC), which is under the Department of Financial Services (DFS), Ministry of Finance, not the RBI. The RBI’s role is limited to providing the regulatory definition of “microfinance” used to identify eligible borrowers.
- Statement 3 is correct: CGSMFI-2.0 uses a tiered guarantee structure that prioritises smaller players. It provides 80% coverage for small MFIs, 75% for medium MFIs, and 70% for large MFIs.
Statement 4 is correct: The primary objective is to ensure an uninterrupted flow of credit to low-income and small borrowers (targeting 36 lakh individuals), thereby bolstering financial inclusion and rural economic stability.
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Question 2 of 5
2. Question
1 pointsWith reference to India’s dual dependence on West Asia for urea production, consider the following statements:
- India imports more than 50% of its natural gas requirements.
- Urea is produced directly from crude oil without intermediate stages.
- A major portion of India’s urea imports comes from West Asia.
- LNG is used as a feedstock to produce ammonia, which is further converted into urea.
How many of the statements given above are correct?
Correct
Answer: c
Explanation:
- Statement 1 is correct: India currently imports more than 50% of its total natural gas requirements to meet domestic demand across sectors, including fertilizers.
- Statement 2 is incorrect: Urea is not produced directly from crude oil. It is synthesized using Ammonia and Carbon Dioxide. While some older plants used naphtha (a crude oil derivative), modern plants have shifted to natural gas as a cleaner and more efficient feedstock.
- Statement 3 is correct: A staggering 71% of India’s urea imports (approximately 60-80 lakh metric tonnes annually) originate from West Asian countries, primarily Oman (45%), followed by Saudi Arabia, Qatar, and the UAE.
Statement 4 is correct: In the production process, Liquefied Natural Gas (LNG) is first used as a feedstock to produce ammonia via the Haber-Bosch process. This ammonia is then reacted with carbon dioxide to form urea.
Incorrect
Answer: c
Explanation:
- Statement 1 is correct: India currently imports more than 50% of its total natural gas requirements to meet domestic demand across sectors, including fertilizers.
- Statement 2 is incorrect: Urea is not produced directly from crude oil. It is synthesized using Ammonia and Carbon Dioxide. While some older plants used naphtha (a crude oil derivative), modern plants have shifted to natural gas as a cleaner and more efficient feedstock.
- Statement 3 is correct: A staggering 71% of India’s urea imports (approximately 60-80 lakh metric tonnes annually) originate from West Asian countries, primarily Oman (45%), followed by Saudi Arabia, Qatar, and the UAE.
Statement 4 is correct: In the production process, Liquefied Natural Gas (LNG) is first used as a feedstock to produce ammonia via the Haber-Bosch process. This ammonia is then reacted with carbon dioxide to form urea.
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Question 3 of 5
3. Question
1 pointsWith reference to the Investment Facilitation for Development (IFD) Agreement at the World Trade Organization (WTO), consider the following statements:
- It is a plurilateral agreement binding only on participating members.
- It includes provisions related to Investor-State Dispute Settlement (ISDS).
- It focuses on simplifying procedures for foreign direct investment (FDI).
- India opposes it citing concerns over multilateralism and policy space.
Which of the statements given above is/are correct?
Correct
Answer: D
Explanation:
- Statement 1 is correct: The IFD is a plurilateral agreement. Unlike multilateral agreements that apply to all WTO members, plurilateral deals are binding only on the signatories and do not create obligations for non-participating members.
- Statement 2 is incorrect: The agreement specifically excludes controversial investment protection rules such as Investor-State Dispute Settlement (ISDS), market access, and investment protection. It focuses purely on “facilitation” rather than the legal protection of investors.
- Statement 3 is correct: The primary focus is on simplifying administrative procedures. This includes enhancing the transparency of investment measures, streamlining authorization processes, and reducing “red tape” to boost foreign direct investment (FDI).
Statement 4 is correct: India has consistently opposed the integration of the IFD into the WTO framework. India’s concerns include the lack of a multilateral mandate for the negotiations, the potential erosion of policy space (autonomy in managing FDI), and the risk that plurilateralism could displace the core multilateral principles of the WTO.
Incorrect
Answer: D
Explanation:
- Statement 1 is correct: The IFD is a plurilateral agreement. Unlike multilateral agreements that apply to all WTO members, plurilateral deals are binding only on the signatories and do not create obligations for non-participating members.
- Statement 2 is incorrect: The agreement specifically excludes controversial investment protection rules such as Investor-State Dispute Settlement (ISDS), market access, and investment protection. It focuses purely on “facilitation” rather than the legal protection of investors.
- Statement 3 is correct: The primary focus is on simplifying administrative procedures. This includes enhancing the transparency of investment measures, streamlining authorization processes, and reducing “red tape” to boost foreign direct investment (FDI).
Statement 4 is correct: India has consistently opposed the integration of the IFD into the WTO framework. India’s concerns include the lack of a multilateral mandate for the negotiations, the potential erosion of policy space (autonomy in managing FDI), and the risk that plurilateralism could displace the core multilateral principles of the WTO.
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Question 4 of 5
4. Question
1 pointsWith reference to the working of an induction cooktop, consider the following statements:
- It works on the principle of electromagnetic induction.
- Heat is generated directly on the cooktop surface.
- Only ferromagnetic utensils are suitable for use.
- It involves combustion of fuel similar to LPG stoves.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct: An induction cooktop works on the principle of electromagnetic induction. A copper coil under the glass surface carries an alternating current, creating a rapidly changing magnetic field.
- Statement 2 is incorrect: Heat is not generated on the cooktop surface itself. Instead, the magnetic field induces “eddy currents” directly in the base of the cookware, causing the vessel to heat up while the glass surface remains relatively cool.
- Statement 3 is correct: For the induction process to work, the cookware must be made of ferromagnetic material (like cast iron or certain types of stainless steel). Non-magnetic materials like aluminum, copper, or glass do not react with the magnetic field and will not heat up.
Statement 4 is incorrect: Induction cooking is an entirely electrical process and does not involve combustion of any fuel. It is distinct from LPG (Liquefied Petroleum Gas) stoves, which rely on the chemical combustion of gas to produce an open flame.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct: An induction cooktop works on the principle of electromagnetic induction. A copper coil under the glass surface carries an alternating current, creating a rapidly changing magnetic field.
- Statement 2 is incorrect: Heat is not generated on the cooktop surface itself. Instead, the magnetic field induces “eddy currents” directly in the base of the cookware, causing the vessel to heat up while the glass surface remains relatively cool.
- Statement 3 is correct: For the induction process to work, the cookware must be made of ferromagnetic material (like cast iron or certain types of stainless steel). Non-magnetic materials like aluminum, copper, or glass do not react with the magnetic field and will not heat up.
Statement 4 is incorrect: Induction cooking is an entirely electrical process and does not involve combustion of any fuel. It is distinct from LPG (Liquefied Petroleum Gas) stoves, which rely on the chemical combustion of gas to produce an open flame.
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Question 5 of 5
5. Question
1 pointsWith reference to Agri-Photovoltaics (AgriPV), consider the following statements:
- Solar panels are mounted at elevated heights to allow agricultural activities underneath.
- It helps reduce evapotranspiration and conserves soil moisture.
- It completely replaces agricultural land use with solar power generation.
- It can provide additional income to farmers through power generation.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct: In AgriPV systems, solar panels are often mounted on elevated structures (typically 2 to 6 metres high). This elevation provides sufficient clearance for both the crops to receive sunlight and for agricultural machinery like tractors to operate underneath.
- Statement 2 is correct: The presence of solar panels creates a microclimate that provides partial shade, which significantly reduces evapotranspiration (water loss from soil and plants). This conserves soil moisture and can reduce irrigation water requirements by roughly 20–40%.
- Statement 3 is incorrect: AgriPV is defined by the simultaneous use of land for both agriculture and energy. It is designed specifically to avoid replacing agricultural land, instead increasing land-use efficiency by producing food and electricity from the same plot.
Statement 4 is correct: The system provides a “double income” model for farmers. They can earn revenue from traditional crop sales and additional income by selling the generated solar power to the grid or using it to reduce their own operational electricity costs.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct: In AgriPV systems, solar panels are often mounted on elevated structures (typically 2 to 6 metres high). This elevation provides sufficient clearance for both the crops to receive sunlight and for agricultural machinery like tractors to operate underneath.
- Statement 2 is correct: The presence of solar panels creates a microclimate that provides partial shade, which significantly reduces evapotranspiration (water loss from soil and plants). This conserves soil moisture and can reduce irrigation water requirements by roughly 20–40%.
- Statement 3 is incorrect: AgriPV is defined by the simultaneous use of land for both agriculture and energy. It is designed specifically to avoid replacing agricultural land, instead increasing land-use efficiency by producing food and electricity from the same plot.
Statement 4 is correct: The system provides a “double income” model for farmers. They can earn revenue from traditional crop sales and additional income by selling the generated solar power to the grid or using it to reduce their own operational electricity costs.
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Daily Quiz 02 April 2026
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