1) Which of the following is true with regard to a commercial paper?
1. It is an unsecured money market instrument issued in the form of a promissory note
2. Commercial papers are long-term instruments with maturity period upwards of one year
3. They can be issued by corporates, primary dealers, and financial institutions
a) All of the above
b) Only 1 and 2
c) Only 2 and 3
d) Only 1 and 3
- Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. CPs are short-term instruments and the maturity period varies from seven days to up to one year. The instrument was introduced in 1990 to enable highly rated corporate borrowers to diversify their sources of short-term borrowings, and also to provide an additional instrument to investors. CPs can be issued by corporates, primary dealers, and financial institutions. Eligible participants should have a minimum credit rating of A-2 at the time of the issuance of the CP. Banking companies, mutual funds, other corporate bodies, NRIs, individuals and foreign institutional investors (FIIs) can subscribe to CPs; they are also traded in the secondary market. https://indianexpress.com/article/explained/what-is-the-market-instrument-atcore-of-ilfs-woes-5401850/
2) Which of the following factors are responsible for intense cyclonic activity in Bay of Bengal in October?
1. High difference within wind speeds and direction at two different levels
2. Surface sea temperatures greater than 26°C
3. High wind shear
a) Only 1 and 2
b) Only 2 and 3
c) Only 1
d) Only 2
- Adjacent to the northwest Pacific, which is one of the world’s most active basins for typhoons, the Bay of Bengal receives the remnants of major landfalls in the Philippines, China and South Asia. From these places come low-pressure systems that develop into a monsoon depression or a cyclone. The reason that cyclones such as Titli, Phailin (2013) and Hudhud (2014) typically strike in October is that wind shear — the difference within wind speeds and direction at two different levels — is low during this time; low wind shear, when combined with surface sea temperatures greater than 26°C, raises the likelihood of cyclones. In monsoon season, cyclones are rare because of high wind shear.
https://indianexpress.com/article/explained/why-cyclones-hit-the-east-coastin-october-and-how-they-are-predicted-5401865/
3) Which of the following statements are correct?
1. Guru Goraknath was an 8th century was a Hindu yogi and saint
2. Guru Goraknath is regarded as one of the pioneers of hatha yoga
3. Gorkha in Nepal, Gorkhpur in UP and Garbhagiri in Maharashtra are all associated with Guru Goraknath
4. Guru Goraknath is believed to be the founder of the Nath Sampradaya
a) Only 1 and 3
b) Only 2, 3 and 4
c) Only 1, 2 and 4
d) All of the above
- Guru Goraknath was a Hindu yogi and saint who was the influential founder of the Nath Hindu monastic movement in India. He is considered as one of the two notable disciples of Matsyendranath. Gorkhas (or Gurkhas) are Nepali-origin people who take their name from the 8th-century Hindu warrior-saint Guru Gorakhnath and from the Nepal hill town of Gorkha. He is believed to be the founder of the Nath Sampradaya and it is stated that the nine Naths and 84 Siddhas are all human forms created as yogic manifestations to spread the message of yoga and meditation to the world.
https://indianexpress.com/article/explained/assam-nrc-gorkhas-in-indiaforeigners-tribunals-national-register-of-citizens-5401847/
4) Which of the following correct regarding the National Company Law Tribunal?
1. NCLT is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
2. NCLT was established under an amendment to the Companies Act 1956
3. NCLT is based on the recommendations of the Eradi committee
4. NCLT is also responsible for the insolvency related process under the IBC, 2016
a) Only 1, 2 and 3
b) Only 1, 3 and 4
c) Only 1, 3 and 4
d) All of the above
- The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The NCLT was established under the Companies Act 2013 and was constituted on 1 June 2016 by the government of India & is based on the recommendation of the justice Eradi committee on law relating to insolvency and winding up of companies. The National Company Law Tribunal is the Adjudicating Authority for Insolvency resolution process of Companies and Limited Liability Partnerships under the Insolvency and Bankruptcy Code, 2016.
https://www.business-standard.com/article/economypolicy/insolvency-and-bankruptcy-code-firms-cope-withchanging-landscape-118101500026_1.html
5) Which of the following is incorrect with regard to the IPCC?
1. It is an intergovernmental body established by WMO and UNEP
2. It provides reports to support the UNFCCC
3. It carries out original research and monitors climate for publishing its reports
a) Only 1
b) Only 2
c) Only 3
d) None of the above
- The Intergovernmental Panel on Climate Change (IPCC) is an intergovernmental body of the United Nations, dedicated to providing the world with an objective, scientific view of climate change and its political and economic impacts. It was established in 1988 by the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP), and later endorsed by the United Nations General Assembly. Membership is open to all members of the WMO and UN. The IPCC produces reports that support the United Nations Framework Convention on Climate Change (UNFCCC). The IPCC does not carry out original research, nor does it monitor climate or related phenomena itself. Rather, it assesses published literature including peer-reviewed and non-peer-reviewed sources.
https://www.business-standard.com/article/economy-policy/india-needs-to-make-smoothviable-transition-from-coal-says-ipcc-report-118101400246_1.html