Understanding the Digital Divide
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Questions and Answers

What is the primary function of the financial markets in the economy?

  • To provide direct investment opportunities to individuals
  • To regulate international trade transactions
  • To facilitate efficient transfer and allocation of resources for productive activities (correct)
  • To control economic policies of the government
  • What is the duration range for the maturity of instruments in the money market?

  • One month to five years
  • Overnight to one year (correct)
  • One week to six months
  • More than one year
  • Which of the following is NOT a component of the financial market?

  • Users of funds such as governments and businesses
  • Regulatory bodies like SEBI and RBI
  • Intermediaries like banks and insurance companies
  • Market makers who buy and sell stocks (correct)
  • What instruments are included in the money market?

    <p>Treasury bills and commercial papers</p> Signup and view all the answers

    What is the role of intermediaries in the financial market?

    <p>To channel surplus funds from lenders to users</p> Signup and view all the answers

    What term describes the voluntary work tradition that has significantly influenced India's civil society since Independence?

    <p>Shramdaan</p> Signup and view all the answers

    Which decade saw a significant increase in professional NGOs or NPOs in India?

    <p>1970s and 1980s</p> Signup and view all the answers

    What is the minimum number of trustees required for registering a trust?

    <p>2 trustees</p> Signup and view all the answers

    Who is responsible for the registration of a trust?

    <p>Registrar or Deputy Registrar of Companies</p> Signup and view all the answers

    What was a significant influence on NGOs becoming advocates for vulnerable populations in India?

    <p>Liberalization in the 1990s</p> Signup and view all the answers

    How many members are required for a society to be registered?

    <p>7 members</p> Signup and view all the answers

    What role did international donors play in the emergence of NGOs in India during the late 20th century?

    <p>They financed and supported NGOs.</p> Signup and view all the answers

    Which of the following must be filed annually by a society?

    <p>List of managing committee members</p> Signup and view all the answers

    What critical role did social reformers play in India's civil society before Independence?

    <p>Campaigning for social equity</p> Signup and view all the answers

    What is one of the benefits NGOs receive by registering under the Foreign Contribution (Regulation) Act?

    <p>Tax benefits</p> Signup and view all the answers

    What defines a social objective of an organization?

    <p>A mission created to serve a social good.</p> Signup and view all the answers

    Which of the following activities is an example of a social intervention?

    <p>Implementing job creation programs for marginalized communities.</p> Signup and view all the answers

    Which statement best describes the target beneficiaries of social objectives?

    <p>Populations facing specific needs or challenges.</p> Signup and view all the answers

    What is NOT a characteristic of social objectives?

    <p>Limited focus on the impact on vulnerable populations.</p> Signup and view all the answers

    How do social objectives guide organizations?

    <p>By outlining specific activities and programs for target beneficiaries.</p> Signup and view all the answers

    What is explicitly disclaimed by NISM and SEBI regarding the information in the publication?

    <p>They do not provide guarantees or warranties of any kind.</p> Signup and view all the answers

    Who collaborated with NISM in developing the workbook for the Social Impact Assessor Certification Examination?

    <p>Institute of Chartered Accountants of India (ICAI) and industry specialists.</p> Signup and view all the answers

    What is a primary role of the School for Certification of Intermediaries (SCI) at NISM?

    <p>Administering Certification Examinations and CPE Programs.</p> Signup and view all the answers

    What do NISM and SEBI state about the questions in the NISM certification examination?

    <p>Some questions may not be covered in any material provided.</p> Signup and view all the answers

    What was a significant contribution to the development of the workbook acknowledged by NISM?

    <p>The Examination Committee comprising industry experts.</p> Signup and view all the answers

    Study Notes

    Digital Divide

    • Defined as the gap between various socio-economic groups regarding access to information and communication technologies (ICTs) and their internet usage.
    • Affects individuals, households, businesses, and geographic regions differently.

    Indian Financial Markets

    • Facilitate efficient resource transfer and allocation for productive economic activities.
    • Key players include governments, businesses, and households acting as users and providers of surplus funds.
    • Financial intermediaries, like banks and mutual funds, channel surplus funds to users.
    • Comprises various markets, including the money market and securities market, regulated by entities like SEBI and RBI.

    Money Market

    • A vital component of the financial system focused on short-term funding, with maturities ranging from overnight to one year.
    • Helps institutions and companies meet short-term financial needs through borrowing and lending.
    • Instruments include repos, reverse repos, certificates of deposits, treasury bills, and commercial papers.

    Acknowledgement

    • Workbook developed by NISM in collaboration with resource persons and the Institute of Chartered Accountants of India (ICAI).
    • Contributions from industry experts were acknowledged, ensuring a comprehensive and up-to-date examination material.

    NISM Certifications

    • Administered through the School for Certification of Intermediaries under SEBI regulations.
    • Aims to develop professionals in various segments of Indian securities markets.

    Social Sector in India

    • Rich history of voluntary work (shramdaan) contributing to civil society since Independence.
    • Growth of professional NGOs (1970s-1980s) supported by government and international bodies.
    • NGOs became vital advocates for vulnerable populations post-liberalization in the 1990s.

    NGO Registration

    • Requires documents like Trust Deed, Memorandum of Association (MOA), and Articles of Association (AOA).
    • Must register with the Registrar of Companies or relevant authority in specific states.
    • Compliance includes submitting annual audited financial statements and updates on managing committee members.

    Social Entrepreneurship

    • Emergence of for-profit social enterprises and hybrid models addressing social causes.
    • Positive impacts observed in education levels, child nutrition, and biodiversity through social initiatives.

    Social Objective

    • Organizations with social objectives create social value through targeted missions and community interventions.
    • Focus on vulnerable populations in need, differentiating from purely profit-driven enterprises.

    Social Interventions

    • Programs aimed at delivering social benefits and developing human capital for specific groups.
    • Areas include poverty alleviation, public healthcare access, job creation, and vocational training initiatives.

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    Quiz Team

    Description

    This quiz explores the concept of the digital divide as defined by the OECD, focusing on socio-economic disparities in access to information and communication technologies (ICTs). Participants will examine the implications of these gaps on different individuals and communities, fostering a deeper understanding of digital inequities.

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