1. Consider the following statements with respect to ‘Urban Co-operative banks (UCBs)’

1)Their management and resolution in the case of distress is regulated by the Registrar of Co-operative Societies either under the State or Central government.
2) In the event UCBs fail, deposits with them are covered by the Deposit Insurance and Credit Guarantee Corporation of India up to a sum of ₹1 lakh per depositor.

Select the correct statements
a) 1 Only
b) 2 Only
c) Both
d) None

2. Which of the pollutants are sensed by the National Air Quality Index (AQI) device?

1)Nitrogen Dioxide (NO2)
2)Sulphur Dioxide (SO2)
3)Ozone (O3)

Select the correct code:

a) 1 and 2
b) 2 and 3
c) 1 and 3
d) All of the above

3. Consider the following statements with respect to ‘Teesta River’

1)It flows through both Sikkim and West Bengal
2)Rangeet river is a tributary of Teesta, and it originates in Sikkim

Select the correct statements

a) 1 Only
b) 2 Only
c) Both
d) None

4. Consider the following statements with respect to ‘Purchasing Managers Indexes (PMI)’

1)They are economic indicators derived from monthly surveys of private sector companies.
2)For India, the PMI Data is published by the Singapore Institute of Purchasing and Materials Management (SIPMM).

Select the correct statements

a) 1 Only
b) 2 Only
c) Both
d) None

5. Nomadic Elephant’ is a bilateral exercise between India and

a) Kazakhstan
b) Mongolia
c) China
d) Sri Lanka

Answers:
1.(c) ‘Urban Co-operative banks (UCBs)’
Co-operative banks, which are distinct from commercial banks, were born out of the concept of co-operative credit societies where members from a community band together to extend loans to each other, at favourable terms. Credit co-operatives (or co-operative banks) are broadly classified into urban or rural co-operative banks based on their region of operation. Urban co-op banks are classified into scheduled and non-scheduled banks.
There are three key points of difference between scheduled commercial banks and co-operative banks.

• One, unlike commercial banks, UCBs are only partly regulated by the RBI. While their banking operations are regulated by the RBI, which lays down their capital adequacy, risk control and lending norms, their management and resolution in the case of distress is regulated by the Registrar of Co-operative Societies either under the State or Central government.
• Two, unlike commercial banks which are structured as joint stock companies, UCBs are structured as co-operatives, with their members carrying unlimited liability.
• Three, while there is a clear distinction between a commercial bank’s shareholders and its borrowers, in a UCB borrowers can double up as shareholders.

In the event UCBs fail, deposits with them are covered by the Deposit Insurance and Credit Guarantee Corporation of India up to a sum of ₹1 lakh per depositor, the same as for a commercial bank.

2. (d) All of the above
The measurement of air quality is based on eight pollutants, namely,

Particulate Matter (size less than 10 µm) or (PM10),
Particulate Matter (size less than 2.5 µm) or (PM2.5),
Nitrogen Dioxide (NO2),
Sulphur Dioxide (SO2),
Carbon Monoxide (CO),
Ozone (O3),
Ammonia (NH3), and
Lead (Pb)

3. c) Both
Teesta River (or Tista River) is a 315 km long river that rises in the eastern Himalayas, flows through the Indian states of West Bengal and Sikkim through Bangladesh and enters the Bay of Bengal.
The Rangeet or Rangit is a tributary of the Teesta river, which is the largest river in the Indian state of Sikkim. The Rangeet river originates in the Himalayan mountains in West Sikkim district.

4. a) 1 only
Purchasing Managers Indexes (PMI) are economic indicators derived from monthly surveys of private sector companies
For India, the PMI Data is published by Japanese firm Nikkei but compiled and constructed by Markit Economics (for the US, it is the ISM). The variables used to construct India’s PMI for manufacturing sector are: Output, New Orders, Employment, Input Costs, Output Prices, Backlogs of Work, Export Orders, Quantity of Purchases, Suppliers‟ Delivery Times, Stocks of Purchases and Stocks of Finished Goods.

5. b) ‘Nomadic Elephant’ is a bilateral exercise between India and Mongolia