[{"explanation": "<p><strong>Statement 1 and 3 are INCORRECT&nbsp; </strong></p>\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td>\n<p><strong>Categorisation of External Debt</strong></p>\n</td>\n<td>\n<p><strong>Duration of loan: </strong>Short-term (less than 1 year) and long-term (more than 1 year)</p>\n<p><strong>Borrowing Entity: </strong>Sovereign Debt (Government) and Non-Sovereign Debt (Other than Government, including private sector)</p>\n</td>\n</tr>\n<tr>\n<td>\n<p><strong>Major Heads under External Debt</strong></p>\n</td>\n<td>\n<p><strong>Multilateral Debt</strong>: Debt from the multilateral institutions such as World Bank, IMF, ADB etc.</p>\n<p><strong>Bilateral Debt</strong>: Debt from sovereign countries such as Japan, Germany etc.</p>\n<p><strong>Trade Credits/Export Credits</strong>: Loans and credits extended for imports directly by overseas supplier, bank and financial institutions</p>\n<p><strong>External Commercial Borrowings</strong>: loans from commercial banks, other commercial financial institutions</p>\n<p><strong>NRI Deposits</strong>: Non-Resident Deposits in Banks and Financial Institutions</p>\n</td>\n</tr>\n<tr>\n<td>\n<p><strong>Present status of External Debt</strong></p>\n</td>\n<td>\n<p><strong>Cumulative External Debt</strong>: At end of March 2020, India&rsquo;s external debt was placed at US$ 558 billion (20.6% of the GDP). This is $ 15bn higher as compared to India's external debt of $ 543 bn at the end of March 2019.</p>\n<p><strong>Composition of Debt</strong>: Non-Sovereign Debt (Non-Government Debt) : 17% of the GDP; Sovereign Debt (Government Debt):&nbsp; 3.6% of the GDP.</p>\n<p><strong>Components of Debt</strong>: External Commercial Borrowings (ECBs) accounting for 40% of external debt remains the largest source of External Debt followed by Non-resident deposits.</p>\n<p><strong>Duration of Debt</strong>: Long term debt (maturity of more than 1 year) accounts for 81% of external debt; Short-term debt ( (maturity of less than 1 year) accounts for 19% of external debt</p>\n<p><strong>Denomination of Debt</strong>: US dollar (53%); remaining in Rupee, Yen, SDR and Euro.</p>\n</td>\n</tr>\n</tbody>\n</table>", "question": "<p>With reference to Report published by RBI on Status of External Debt of India as of March, 2020, consider the following statements:</p>\n<ol>\n<li>India's external debt has decreased as compared to 2019.</li>\n<li>External Commercial Borrowings remains the largest source of external debt for India.</li>\n<li>Sovereign Debt has increased as compared to Non-Sovereign Debt</li>\n</ol>\n<p>Which of the statements given above is/are&nbsp;incorrect?</p>", "options": [{"option_id": "5efc81c07737d42a2778f67b", "is_correct_answer": false, "title": "<p>1 only</p>"}, {"option_id": "5efc81c07737d42a2778f67c", "is_correct_answer": false, "title": "<p>2 and 3 only</p>"}, {"option_id": "5efc81c07737d42a2778f67d", "is_correct_answer": true, "title": "1 and 3 only"}, {"option_id": "5efc81c07737d42a2778f67e", "is_correct_answer": false, "title": "2 only"}], "question_id": "5efc81c07737d42a2778f67a"}, {"explanation": "<p><strong>The plant species</strong> called <strong>Globba&nbsp; Andersonii </strong>has been re-discovered from the Sikkim Himalayas near the Teesta river valley region after a gap of nearly136 years. It is commonly known as &lsquo;dancing ladies&rsquo; or &lsquo;swan flowers. The earliest records of the collection of this plant were dated between the period 1862-70when it was collected by Scottish botanist Thomas Anderson from Sikkim and Darjeeling. The species is restricted mainly to Teesta River Valley region which includes the Sikkim Himalayas and Darjeeling hill ranges.</p>", "question": "<p>The term &ldquo;Globba Andersonii&rdquo; has been in news with reference to?</p>", "options": [{"option_id": "5efc81f27737d42a2cf9e91b", "is_correct_answer": false, "title": "<p>Insect found in Sahara Desert thought to be extinct</p>"}, {"option_id": "5efc81f27737d42a2cf9e91c", "is_correct_answer": true, "title": "<p>Plant found in Sikkim Himalayas after more than 135 years</p>"}, {"option_id": "5efc81f27737d42a2cf9e91d", "is_correct_answer": false, "title": "Recent virus causing brain fever"}, {"option_id": "5efc81f27737d42a2cf9e91e", "is_correct_answer": false, "title": "None of the above"}], "question_id": "5efc81f27737d42a2cf9e91a"}, {"explanation": "<p><strong>Statement 3 is INCORRECT </strong></p>\n<p>The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by COVID-19 and the consequent lockdown, which has severely impacted manufacturing and other activities in the MSME sector.</p>\n<p><strong>The salient features of the Scheme include -</strong></p>\n<ol>\n<li>The entire funding provided under GECL shall be provided with a 100% credit guarantee by NCGTC to MLIs under ECLGS.</li>\n<li>Tenor of loan under Scheme shall be <strong>4 years</strong> with moratorium period of one year on the principal amount.&nbsp;&nbsp;&nbsp;</li>\n<li>No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.</li>\n<li>Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.</li>\n</ol>", "question": "<p>Consider the following statements about Emergency Credit Line Guarantee Scheme (ECLGS)</p>\n<ol>\n<li>The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated for MSME Sector as a specific response to the unprecedented situation caused by COVID-19 crisis.</li>\n<li>No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the ECLGS Scheme.</li>\n<li>Tenor of loan under ECLGS shall be four years with moratorium period of two years on the principal amount.</li>\n</ol>\n<p>Which of the statements given above is/are correct?</p>", "options": [{"option_id": "5efc82357737d42a2cf9e922", "is_correct_answer": true, "title": "<p>1 and 2 only</p>"}, {"option_id": "5efc82357737d42a2cf9e923", "is_correct_answer": false, "title": "<p>2 and 3 only</p>"}, {"option_id": "5efc82357737d42a2cf9e924", "is_correct_answer": false, "title": "1 and 3 only"}, {"option_id": "5efc82357737d42a2cf9e925", "is_correct_answer": false, "title": "1, 2 and 3"}], "question_id": "5efc82357737d42a2cf9e921"}, {"explanation": "<p>Prime Minister Narendra Modi announced that the free grain distribution scheme under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) will be extended by five months till the end of November, with an additional estimated outlay of Rs. 90,000 crore. The whole idea of extending PMGKAY by five months is to ensure food security as mandated by National Food Security Act, especially when the country is trying to overcome from the perils of COVID-19.</p>", "question": "<p>Pradhan Mantri Garib Kalyan Anna Yojana accomplishes which of the following aspirations of Indians?</p>", "options": [{"option_id": "5efc825b7737d42a235b32ba", "is_correct_answer": false, "title": "<p>Financial Inclusion</p>"}, {"option_id": "5efc825b7737d42a235b32bb", "is_correct_answer": true, "title": "<p>Food Security</p>"}, {"option_id": "5efc825b7737d42a235b32bc", "is_correct_answer": false, "title": "<p>Refilling LPG Cylinders</p>"}, {"option_id": "5efc825b7737d42a235b32bd", "is_correct_answer": false, "title": "<p>Drinking Water in rural households</p>"}], "question_id": "5efc825b7737d42a235b32b9"}, {"explanation": "<p>All Major Ports have been directed to implement the Radio Frequency Identification (RFID) system to track the movement of men, materials and vehicles within the port premises on real time basis. But RFID technology is used in other sectors as well.</p>\n<p>The Trade Facilitation Agreement 2014, was confirmed in Bali, Indonesiain December 2013 at the Ninth Ministerial Conference. After almost 20 years of Negotiations the agreement was officially an open invitation for acceptance from the 160 members of the World Trade Organisation (WTO) on 27 December 2014.</p>", "question": "<p>Consider the following statements:</p>\n<ol>\n<li>RFID is used only in port management.</li>\n<li>Trade Facilitation Agreement is a Treaty created under the aegis of World Bank.</li>\n</ol>\n<p>Choose the correct statement from the code given below</p>", "options": [{"option_id": "5efc828b7737d42a235b32c5", "is_correct_answer": false, "title": "<p>1 only</p>"}, {"option_id": "5efc828b7737d42a235b32c6", "is_correct_answer": false, "title": "<p>2 only</p>"}, {"option_id": "5efc828b7737d42a235b32c7", "is_correct_answer": false, "title": "<p>both 1 and 2</p>"}, {"option_id": "5efc828b7737d42a235b32c8", "is_correct_answer": true, "title": "<p>none of the above</p>"}], "question_id": "5efc828b7737d42a235b32c4"}]

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