10 PM Quiz: August 16, 2019
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- Question 1 of 5
1. Question
1 pointsCategory: current affairs“Madrid System” is recently in news, which of the following related to Madrid System?
Correct
Explanation: At the national/regional level, trademark protection can be obtained through registration, by filing an application for registration with the national/regional trademark office and paying the required fees. At the international level, you have two options: either you can file a trademark application with the trademark office of each country in which you are seeking protection, or you can use WIPO’s Madrid System. The Madrid System is a convenient and cost-effective solution for registering and managing trademarks worldwide. File a single application and pay one set of fees to apply for protection in up to 121 countries. Modify, renew or expand your global trademark portfolio through one centralized system
Incorrect
Explanation: At the national/regional level, trademark protection can be obtained through registration, by filing an application for registration with the national/regional trademark office and paying the required fees. At the international level, you have two options: either you can file a trademark application with the trademark office of each country in which you are seeking protection, or you can use WIPO’s Madrid System. The Madrid System is a convenient and cost-effective solution for registering and managing trademarks worldwide. File a single application and pay one set of fees to apply for protection in up to 121 countries. Modify, renew or expand your global trademark portfolio through one centralized system
- Question 2 of 5
2. Question
1 pointsCategory: current affairsConsider the following statements with respect to Export Credit Re-finance (ECR) facility:
1.ECR provided by EXIM Bank to commercial Banks
2.Facility is given on the basis of banks’ eligible outstanding rupee export credit both at the pre-shipment and post-shipment stagesWhich of the following below given codes are correct?
Correct
Explanation: The Reserve Bank of India (RBI) provides export credit refinance facility to banks under Section 17(3A) of the Reserve Bank of India Act 1934. This facility is given on the basis of banks’ eligible outstanding rupee export credit both at the pre-shipment and post-shipment stages. The quantum of refinance is fixed from time to time based on the stance of monetary policy of the RBI.
Incorrect
Explanation: The Reserve Bank of India (RBI) provides export credit refinance facility to banks under Section 17(3A) of the Reserve Bank of India Act 1934. This facility is given on the basis of banks’ eligible outstanding rupee export credit both at the pre-shipment and post-shipment stages. The quantum of refinance is fixed from time to time based on the stance of monetary policy of the RBI.
- Question 3 of 5
3. Question
1 pointsCategory: current affairsRecently government formed a working group to review the Wholesale Price Index, who among the following given below headed the working group?
Correct
Explanation: The government has set up a working group under Niti Aayog member Ramesh Chand to revise the current series of Wholesale Price Index (WPI) with base 2011-12 and devise a new Producer Price Index (PPI).
Incorrect
Explanation: The government has set up a working group under Niti Aayog member Ramesh Chand to revise the current series of Wholesale Price Index (WPI) with base 2011-12 and devise a new Producer Price Index (PPI).
- Question 4 of 5
4. Question
1 pointsCategory: current affairsGovernment announced a new scheme “Sabka Vishwas” in 2019 budget. Which of the following given below area covered under the scheme?
Correct
Explanation: In continuation of various Amnesty schemes introduced by States such as Gujarat, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Haryana and Rajasthan, the Central Government, to “unload the baggage of more than INR 3.75 lakh crores (3750bn) blocked in litigations in service tax and excise and allow the business to move on” has proposed to introduce a legacy dispute resolution scheme (scheme). This will allow quick closure of pre-GST litigations.
Incorrect
Explanation: In continuation of various Amnesty schemes introduced by States such as Gujarat, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Haryana and Rajasthan, the Central Government, to “unload the baggage of more than INR 3.75 lakh crores (3750bn) blocked in litigations in service tax and excise and allow the business to move on” has proposed to introduce a legacy dispute resolution scheme (scheme). This will allow quick closure of pre-GST litigations.
- Question 5 of 5
5. Question
1 pointsCategory: current affairs“CORAS” is a battalion of 1200 commandos was created to protect which of the following?
Correct
Explanation: Railway’s commando unit, Commandos for Railway Safety (CORAS), whose first deployment will be in Maoist -hit areas of Chhattisgarh, will have a state-of-the-art facility exclusively for training in Haryana’s Jagadhri city. The commando unit is being envisaged as a responder for any situation pertaining to damage, disturbance, and disruption of train operations, attack/hostage/hijack, and disaster situations in railway areas
Incorrect
Explanation: Railway’s commando unit, Commandos for Railway Safety (CORAS), whose first deployment will be in Maoist -hit areas of Chhattisgarh, will have a state-of-the-art facility exclusively for training in Haryana’s Jagadhri city. The commando unit is being envisaged as a responder for any situation pertaining to damage, disturbance, and disruption of train operations, attack/hostage/hijack, and disaster situations in railway areas
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