Expected Questions in Education & Latest Developments Part 3 (Set 1) (Download PDF)


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What is Limited Insolvency Examination? Insolvency & Bankruptcy Board of India: -Insolvency & Bankruptcy Code, 2016 (Code) provides Insolvency Professionals (IP) for class of regulated professionals.

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Expected Questions on Higher Education December 2018 - NTA NET Paper 1

Dr. Manishika Jain discusses Expected Questions on Education 2018 for NTA NET Paper 1 Part 3 of 3

  • IP constitute one of 4 key pillars of insolvency regime. Other 3 are being Adjudicating Authority, Insolvency & Bankruptcy Board of India & Information Utilities.

  • IPs is important in resolution, liquidation & bankruptcy processes of companies, LLPs, partnership firms & individuals.

  • Section 196 (1) (d) & (e) of Code IBBI, specify regulations standards for functioning of IPs & lay down by regulations for examination of IPs for their enrolment as members of insolvency professional agencies.

Image of Framework of the Code

Image of Framework of the Code

Image of Framework of the Code

  • Section 207 (2) empowers Board to specify categories of professionals or persons possessing such qualifications & experience in field of finance, law, management, insolvency or such other field.

  • Board has notified IBBI (Insolvency Professionals) Regulations, 2016 (IP Regulations).

  • Individual is eligible for registration as IP if he has passed Limited Insolvency Examination (Examination) subject to meeting other requirements.

  • Examination is conducted daily from 100 + locations, online w/objective MCQs.

  • Syllabus & questions for examination are finalized by Examination Committee constituted by Board.

4 Phases of Limited Insolvency Examination:

  • Board commenced examination on 31st Dec. 2016.

  • 2nd phase of examination w/revised syllabus & question bank commenced on 1st July 2017.

  • 3rd phase w/further revised syllabus & question bank commenced on 1st January 2018.

IIMC: Deen Dayal Upadhyay Scholarship for People of Indian Origin Who Did Exemplary Work

Ministry of Information & Broadcasting has announced scholarship for ₹25000/- in commemoration of Deen Dayal Upadhyay for people of Indian Origin who did exemplary work in development journalism.

Other Notable Announcements

  • Average Indian spends 200 minutes day on mobile app & that 65 % of video consumption in our country is only from rural areas & is slated to grow further.

  • National Media Faculty Development Center in IIMC Campus was inaugurated.

  • ECHO Newsletter, Samachar Madhyam, & Communicator magazines were launched.

Course on Development Journalism

  • Diploma Course in Development Journalism is a prestigious course conducted by IIMC for mid-career journalists from Non-aligned & Developing Countries.

  • Course is organized under Indian Technical & Economic Cooperation & Special Commonwealth African Assistance Plan programmes of Ministry of External Affairs.

  • Objective of course is to illuminate linkages b/w development & communication & upgrade skill set of journalists enabling them to deal w/challenges faced while communicating abt development & economic issues.

World Intellectual Property Day: CSIR Bags National Intellectual Property (IP) Award 2018

Council of Scientific & Industrial Research (CSIR) was awarded National Intellectual Property Award, 2018 for being top research & development organisation for patents & commercialization.

  • Award was conferred by Union Commerce Minister in a Function to celebrate World Intellectual Property Day.

  • Indian Intellectual Property Office confers National Intellectual Property (IP) Award on outstanding innovators, organizations & companies in fields of patents, designs, trademarks & geographical indications on occasion of World IP Day every year.

World Intellectual Property Day

  • World Intellectual Property Day was observed on 26th April, 2018 w/theme ‘Powering change: Women in innovation and creativity’.

  • Event was established by World Intellectual Property Organization (WIPO) in 2000.

  • Date of 26th April was chosen because in 1970, World Intellectual Property Organization was established.

  • Day is celebrated annually to learn about role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.

  • This year’s World Intellectual Property Day campaign celebrates brilliance, ingenuity, curiosity & courage of women who are driving change in world & shaping our common future.

Govt. Launches Study in India Promotion Programme to Attract Foreign Students

Govt. launched Rs. 150 cr. , brand promotional campaign to attract offshore students to alleviate poor presence of foreign students in Indian institutes of higher education.

The money is for 2 financial years, starting 2018 - 19, under the “Study in India” program. The money would be primarily for brand promotion activities.

Study in India Program Objectives

  • Encourage more foreign students to choose India as destination for higher education.

  • Double India’s market share of global education exports from less than 1 % to 2%

  • Improve global ranking of Indian educational institutes.

  • The program would provide meritorious foreign students fee waiver and scholarship.

  • The program would not affect number of seats which are meant for Indian students in any educational institute.

Indo-French Knowledge Summit Ends with Mutual Recognition of Educational Qualifications

1st ever Indo-French Knowledge Summit ended successfully in New Delhi. Jointly organized by French Institute in India, along with Ministry of Higher Education, Research & Innovation (MESRI), Republic of France & Ministry of Human Resource Development (MHRD), GoI, Knowledge Summit was 1st high-level Indo-French summit on higher education & research.

  • 2 day event offered a common moment for a common goal; increase student mobility, enlarge Research & Development collaborations and link campuses to companies by focusing on employability.

  • It is the First Franco-Indian Summit for university, scientific and technology cooperation w/broader objective to design a roadmap of Franco-India cooperation for next 5 years, in collaboration with companies.

  • It offered common platform for common goal to increase student mobility, enlarge R&D collaborations and link campuses to companies by focusing on employability.

  • It ended with landmark agreement on mutual recognition of educational qualifications between two countries and record 15 other MoUs between universities and research institutions on joint initiatives and partnerships

Summit explored 7 priority sectors for collaboration:

  • Space and aeronautics

  • Mathematics and information technology

  • Agronomy and food processing

  • Eco-energy

  • Natural resources and bioactive compounds,

  • Architecture

  • Urban planning, urban mobility

HRD Ministry 75 National Resource Centres for Online Refresher Programmes for Education

MHRD has launched initiative of online professional development of 1.5 million higher education faculty using MOOCs (Massive Open Online Course) platform SWAYAM.

In 1st phase of initiative, 75 discipline-specific National Resource Centres (NRC) are identified.

Centres are notified as NRCs under Ministry’s Pandit Madan Mohan Malaviya National Mission on Teachers & Teaching located in

  • Central Universities

  • IITs

  • NITs

  • State Universities

  • UGC’s Human Resource Development Centres

  • National Institutes for Technical Teachers Training

  • IIITs

  • Open Universities & other institutions

Highlights of Initiative

  • NRCs are tasked w/preparing online training material w/major focus on latest developments in discipline, new & emerging trends, pedagogical improvements & methodologies for transacting revised curriculum.

  • Centres will cover wide-ranging disciplines including social sciences, sciences, engineering & technology, design & manufacturing, humanities, language teaching, commerce, management, education planning & administration, public policy & other disciplines.

  • NRCs will develop Refresher Module which will include latest trends in their earmarked discipline by 15th June each year.

  • Training materials will be uploaded & made available thru SWAYAM platform to all teachers w/effect from 1st Oct. every year.


  • SWAYAM is Study Webs of Active – Learning for Young Aspiring Minds programme.

  • Programme initiated by Govt. to achieve 3 cardinal principles of education policy - access, equity & quality.

  • Objective of initiative is to take best teaching learning resources to all, including most disadvantaged.

Massive Open Online Course (MOOC)

  • MOOC is online course aimed to unlimited participation & open access via web.

  • MOOCs provide interactive user forums to support community interactions among students, professors, & teaching assistants.

Benefits of MOOC:

  • Improving access to Higher Education

  • Providing affordable alternative to formal education

  • Sustainable Development Goals

- Published/Last Modified on: December 4, 2018


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