04th May 2023 Current affairs Quiz for UPSC Prelims
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Question 1 of 5
1. Question
2 points
Which of the following statements is not true when considering the powers of the National Company Law Tribunal (NCLT)?
Correct
Option D is the right answer.
National Company Law Tribunal enjoys a wide range of powers. Its powers include:
Power to seek the assistance of Chief Metropolitan Magistrate.
De-registration of Companies.
Declare the liability of members unlimited.
De-registration of companies in certain circumstances, when there is registration of companies, is obtained illegally or wrongfully.
Remedy of oppression and mismanagement.
Power to hear grievances of refusal of companies to transfer securities and rectification of register of members.
Protection of the interest of various stakeholders, especially non-promoter shareholders and depositors.
Power to provide relief to the investors against a large set of wrongful actions committed by the company management or other consultants and advisors who are associated with the company.
Aggrieved depositors have the remedy of class actions for seeking redressal for the acts/omissions of the company which hurt their rights as depositors.
Powers to direct the company to reopen its accounts or allow the company to revise its financial statement but do not permit reopening of accounts. The company can also approach the Tribunal through its director for revision of its financial statement.
Power to investigate or for initiating investigation proceedings. An investigation can be conducted even abroad. Provisions are provided to assist investigation agencies and courts of other countries concerning investigation proceedings.
Power to investigate the ownership of the company.
Power to freeze assets of the company.
Power to impose restrictions on any securities of the company.
Conversion of public limited company into private limited company.
If the company cannot or has not held an Annual General Meeting as required under the Companies Act or a required Extraordinary General Meeting, then the Tribunal has the power to call for a General Meeting.
Power to alter the financial year of a company registered in India.
Incorrect
Option D is the right answer.
National Company Law Tribunal enjoys a wide range of powers. Its powers include:
Power to seek the assistance of Chief Metropolitan Magistrate.
De-registration of Companies.
Declare the liability of members unlimited.
De-registration of companies in certain circumstances, when there is registration of companies, is obtained illegally or wrongfully.
Remedy of oppression and mismanagement.
Power to hear grievances of refusal of companies to transfer securities and rectification of register of members.
Protection of the interest of various stakeholders, especially non-promoter shareholders and depositors.
Power to provide relief to the investors against a large set of wrongful actions committed by the company management or other consultants and advisors who are associated with the company.
Aggrieved depositors have the remedy of class actions for seeking redressal for the acts/omissions of the company which hurt their rights as depositors.
Powers to direct the company to reopen its accounts or allow the company to revise its financial statement but do not permit reopening of accounts. The company can also approach the Tribunal through its director for revision of its financial statement.
Power to investigate or for initiating investigation proceedings. An investigation can be conducted even abroad. Provisions are provided to assist investigation agencies and courts of other countries concerning investigation proceedings.
Power to investigate the ownership of the company.
Power to freeze assets of the company.
Power to impose restrictions on any securities of the company.
Conversion of public limited company into private limited company.
If the company cannot or has not held an Annual General Meeting as required under the Companies Act or a required Extraordinary General Meeting, then the Tribunal has the power to call for a General Meeting.
Power to alter the financial year of a company registered in India.
Question 2 of 5
2. Question
2 points
Which of the following statements are true regarding the National Consumer Disputes Redressal Commission (NCDRC)?
Correct
Option c is the right answer. Both statements are true
Incorrect
Option c is the right answer. Both statements are true
Question 3 of 5
3. Question
2 points
Which of the following statements are true regarding the 2023 World Press Freedom Index?
1)The objective is to assess and evaluate the extent of media freedom that journalists and media outlets have in 180 countries and territories
2)Pakistan has done better than India in terms of media freedom, with a rank of 150 which is an improvement from its 157th position last year
Correct
Option c is the right answer. Both statements are true
Incorrect
Option c is the right answer. Both statements are true
Question 4 of 5
4. Question
2 points
What was the name of the military operation conducted by the Indian Military to prevent the coup d’etat of Maldives?
Correct
Option A is the right Answer.
Operation Cactus
In November 1988, the Indian Armed Forces began a mission. The operation’s goal was to safeguard and defend Maldives President M.A. Gayoon, who was in danger from mercenaries. The combined efforts of the Indian Army, Navy, and Air Force during the mission led to the termination of the mercenaries.
Incorrect
Option A is the right Answer.
Operation Cactus
In November 1988, the Indian Armed Forces began a mission. The operation’s goal was to safeguard and defend Maldives President M.A. Gayoon, who was in danger from mercenaries. The combined efforts of the Indian Army, Navy, and Air Force during the mission led to the termination of the mercenaries.
Question 5 of 5
5. Question
2 points
Which of the following statements is true about Cyclone Mocha?
1)The name was proposed by Yemen, after the Red Sea port city, following an international convention on naming cyclones
2)The cyclone formed in the Arabian Sea near the Port of Muscat.
Correct
Operation A is the right answer.
Around May 6, a cyclonic circulation called Mocha is likely to form over the southeast Bay of Bengal. The circulation could shift northward and towards the centre of the Bay of Bengal.
Incorrect
Operation A is the right answer.
Around May 6, a cyclonic circulation called Mocha is likely to form over the southeast Bay of Bengal. The circulation could shift northward and towards the centre of the Bay of Bengal.