Daily Five Apr 12 2017

Daily Five Apr 12 2017

Date: 12/04/2017
1. Tips/Tricks
2. Prelims Questions
3. QuickBytes
4. RAG topics
5. Mains Questions
All the below notes will also be updated in the ARISE IAS RAG List for systematic revision.
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1. Tips/Tricks

2. Prelims Questions

1. Which of the following is/are true regarding Public Accounts Committee (PAC)?
1) PAC has the powers to summon Prime Minister or any other Minister with regard to any issue before it.
2) PAC was set up first under the provisions of the Government of India Act of 1909.
a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

2. Which of the following are benefits of listing government insurance companies?
1) More transparency
2) Additional oversight
3) Less dependence on Government for capital infusion
a. 1, 3
b. 2, 3
c. 1, 2
d. All of the above
1. D
Ministers shall not be called before the Committee either to give evidence or consultation in connection with the examination of estimates of accounts.
However, [the] chairperson, when [it is] considered necessary but after its [committee’s] deliberations are concluded, may have an informal interaction with the Minister.
The issue came up in a meeting of the Public Accounts Committee (PAC) of Parliament, where chairperson and former Union Minister K.V. Thomas had declared that the PAC was within its rights to summon Mr. Modi as the committee was examining monetary policy and the issue of demonetization.
Public Accounts Committee was set up first in 1921 under the provisions of the Government of India Act of 1919 and has since been in existence.
At present, it consists of 22 members (15 from the Lok Sabha and 7 from the Rajya Sabha).

2. D

3. QuickBytes (Use these quotes/figures/facts in your Mains Exam)

Pachchikari Inlay Art Work

4. RAG topics

1. Unemployment vs Underemployment
2. Rail development authority

5. Mains Questions

1. What is the difference between under-employment, disguised unemployment and official unemployment? Which type of unemployment is prevalent in India?
2. How Rail Development Authority will change the Indian Railways landscape? Explain

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