10 PM Current Affairs Quiz: May 10, 2020

Statement 1 is correct. Cess is a type of tax on tax. It is levied to fulfill a specific purpose, eg. educationcess, KrishiKalyancess etc.

Statement 2 is incorrect. It can be levied by state governments on goods over which it has power of taxation. Recently a COVID cess was announced by Haryana government on Liquor sale in the state.

Statement 1 is correct. Fiat money does not have any intrinsic value. It is a government-issued currency and gives monetary control to central banks as they can control how much money is printed.

Statement 2 is incorrect. It is not backed by a physical commodity, such as gold or silver, but by the government that issued it. The currency backed by a physical commodity is called Commodity money.

Caracas is the capital city of Venezuela.

Malé is the capital city of Maldives. Port Louis is the capital city of Mauritius.

Muscat is capital of Oman. Abu Dhabi is capital city of UAE.

Statement 1 is incorrect. ‘Llama’ is a South American camelid. It is domesticated in Andean cultures since pre-Columbian era.

Statement 2 is correct. It is majorly domesticated for use as beast of burden, meat and source of fiber. Quechua is language family spoken by natives of the Peruvian, Bolivian and Ecuadorian Andes and some other highlands of South America. In Quechua ethnic groups, many traditional handicrafts are an important aspect of material culture for Llama is an important source of fiber.

A study published in journal ‘Cell’ recently proposed the potential use of antibodies from Llama for treatment of COVID-19.

Both statements are correct.

Perpetual bonds are generally issued by governments to finance themselves by selling bonds with no maturity date. They are not redeemable but provide a steady source of fixed income for bond holder.Consol bonds are perpetual bonds that were issued by US and British governments in past. Some of the notable perpetual bonds in existence are those that were issued by the British Treasury for World War I and the South Sea Bubble of 1720.

It has been suggested that Indian government should issue perpetual bonds to finance itself out of current crisis.

Statement 1 is incorrect. African swine fever virus (ASFV) is a large, double-stranded DNA virus in the Asfarviridae family. Classical Swine Fever virus (Hog Cholera) is a small, positive single-stranded, enveloped RNA virus belonging to the genus Pestivirus within the Flaviviridae family.

Statement 2 is correct. African swine fever as well as Classical Swine Fever isa viral disease affecting pigs exclusively.

Statement 1 is correct. State list entry under seventh schedule mentions: Duties of excise on the following goods manufactured or produced in the State:(a) alcoholic liquors for human consumption, (b) opium, Indian hemp and other narcotic drugs and narcotics; but not including medicinal and toilet preparations containing alcohol.

Statement 2 is correct. Alcohol for human consumption, Petroleum products and Electricity are kept outside the purview of GST in India.

An ISO-9001 company Garuda Aerospace has brought out an Automated Disinfecting Unmanned Aerial Vehicle (UAV) that aids in Sanitization of Public Places, Hospitals & Tall buildings. This Corona-Killer -100 sanitization drone which is currently being used in 26 cities was selected as one of the top 10 socio economic innovations by NITI Aayog in 2016.

Statement 1 is correct. Hypoxia is a medical condition in which the body or a part of the body is deprived of adequate oxygen supply at the tissue level.If the oxygen levels fall below 90 per cent (of normal range) in blood, patients could begin feeling lethargy, confusion, mental disruptions because of inadequate quantities of oxygen reaching the brain while levels below 80 per cent can result in damage to vital organs.

Statement 2 is correct. In acute or silent hypoxia, a person’s oxygen level in blood cells and tissue can drop without any initial warning, patients have extremely low levels of oxygen concentration, yet they do not show signs of breathlessness. There have been reports of silent hypoxia with COVID-19 patients who did not experience shortness of breath or coughing until their oxygen levels had plummeted to such a degree that it led to organ failures.

Both statements are incorrect.

The ‘Government Authorisation for Relief Using Drones’(GARUD) portal has been launched by Ministry of Civil Aviation and DGCA.

It provides fast track conditional exemptions to government agenciesfor COVID-19 related RPAS (Remotely Piloted Aircraft System)/ drone operations.

The Government of India vied Resolution No.8/136/68-P.I (Pers.I) dated 28.08.1970 formally established the Bureau of Police Research and Development (BPR&D), under the Ministry of Home Affairs giving a new orientation to then existing Police Research and Advisory Council (1966) for the following reasons and with the primary objective of modernization of police force.

Indian Council of Medical Research (ICMR).

Statement 1 is correct: As early as in 1911, the Government of India set up the Indian Research Fund Association (IRFA) with the specific objective of sponsoring and coordinating medical research in the country. After independence, several important changes were made in the organization and the activities of the IRFA. It was re-designated in 1949 as the Indian Council of Medical Research (ICMR) with considerably expanded scope of functions. The ICMR is funded by the Government of India through the Ministry of Health & Family Welfare.

Statement 2 is correct: The Indian Council of Medical Research (ICMR), New Delhi, the apex body in India for the formulation, coordination and promotion of biomedical research, is one of the oldest medical research bodies in the world.

The Polavaram Irrigation Project on River Godavari is a Multipurpose one conferring Irrigation benefits in the upland areas of Visakhapatnam, East Godavari, West Godavari and Krishna Districts.

1818 saw the advent of life insurance business in India with the establishment of the Oriental Life Insurance Company in Calcutta. This Company however failed in 1834. In 1829, the Madras Equitable had begun transacting life insurance business in the Madras Presidency. 1870 saw the enactment of the British Insurance Act and in the last three decades of the nineteenth century, the Bombay Mutual (1871), Oriental (1874) and Empire of India (1897) were started in the Bombay Residency.

NFHS.

Statement 1 is incorrect: The National Family Health Survey (NFHS) in India was initiated in the early 1990s with the first NFHS being conducted in 1992-93. Since then, India has successfully completed four rounds – NFHS-2 in 1998-99, NFHS-3 in 2005-06 and NFHS-4 in 2015-16.

Statement 2 is correct: The Ministry of Health and Family Welfare (MOHFW), Government of India, designated the International Institute for Population Sciences (IIPS) Mumbai, as the nodal agency, responsible for providing coordination and technical guidance for the survey.