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Quiz: Daily Quiz: October 12th,2020
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- Question 1 of 10
1. Question
1 pointsCategory: current affairsConsider the following statements:
1. The Information Technology Act 2000 explicitly prohibits online Betting and Gambling in India.
2. The Public Gambling Act 1867 which provides for punishment of public gambling does not apply to games of skill.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect. The Information Technology Act 2000 regulates cyber activities in India and provides for offences in cyber domain does not provide for explicit prohibition on Gambling or Betting.
Statement 2 is correct. The Public Gambling Act 1867, as it stands makes a distinction between games of chance and games of skill. The act does not apply to any game of mere skill wherever played.
# Fantasy cricket is a game of skill as ruled by the Punjab & Haryana High Court (2017) and the Bombay High Court (2019) further upheld by the Supreme Court.Incorrect
Statement 1 is incorrect. The Information Technology Act 2000 regulates cyber activities in India and provides for offences in cyber domain does not provide for explicit prohibition on Gambling or Betting.
Statement 2 is correct. The Public Gambling Act 1867, as it stands makes a distinction between games of chance and games of skill. The act does not apply to any game of mere skill wherever played.
# Fantasy cricket is a game of skill as ruled by the Punjab & Haryana High Court (2017) and the Bombay High Court (2019) further upheld by the Supreme Court. - Question 2 of 10
2. Question
1 pointsCategory: current affairsConsider the following statements regarding the voting rights in India:
1. Constitution provides for basis of adult suffrage for elections to both Houses of the Parliament and to the Legislative Assembly of every State.
2. The electors under preventive detention have right to vote unlike those confined in a prison under sentence of imprisonment.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect. Article 326 of the Constitution provides for the elections to the House of the People (not both houses) and to the Legislative Assemblies of States to be on the basis of adult suffrage.
Statement 2 is correct. Article 62(5) of the Representation of the People Act, 1951 provides that “no person shall vote at any election if he is confined in a prison, whether under a sentence of imprisonment or transportation or otherwise, or is in the lawful custody of the police:
Provided that nothing in this sub-section shall apply to a person subjected to preventive detention under any law for the time being in force.”
Therefore, the Representation of the People Act, 1951 confers voting rights on the electors subjected to preventive detention. As per Rule 18 of the Conduct of Elections Rules, 1961, the electors under preventive detention are entitled to cast their votes by post.Incorrect
Statement 1 is incorrect. Article 326 of the Constitution provides for the elections to the House of the People (not both houses) and to the Legislative Assemblies of States to be on the basis of adult suffrage.
Statement 2 is correct. Article 62(5) of the Representation of the People Act, 1951 provides that “no person shall vote at any election if he is confined in a prison, whether under a sentence of imprisonment or transportation or otherwise, or is in the lawful custody of the police:
Provided that nothing in this sub-section shall apply to a person subjected to preventive detention under any law for the time being in force.”
Therefore, the Representation of the People Act, 1951 confers voting rights on the electors subjected to preventive detention. As per Rule 18 of the Conduct of Elections Rules, 1961, the electors under preventive detention are entitled to cast their votes by post. - Question 3 of 10
3. Question
1 pointsCategory: current affairsRecently government has banned certain mobile applications in India by invoking which of the following statutory law?
Correct
Certain mobile applications have been banned recently by invoking government’s power under the Section 69A of the Information Technology Act.
Section 69A of the Information Technology Act states that “where the Central Government is satisfied that it is necessary or expedient so to do, in the interest of sovereignty and integrity of India, defense of India, security of the State, friendly relations with foreign States or public order or for preventing incitement to the commission of any cognizable offence relating to above, it may direct any agency of the Government or intermediary to block for access by the public or cause to be blocked for access by the public any information generated, transmitted, received, stored or hosted in any computer resource.”Incorrect
Certain mobile applications have been banned recently by invoking government’s power under the Section 69A of the Information Technology Act.
Section 69A of the Information Technology Act states that “where the Central Government is satisfied that it is necessary or expedient so to do, in the interest of sovereignty and integrity of India, defense of India, security of the State, friendly relations with foreign States or public order or for preventing incitement to the commission of any cognizable offence relating to above, it may direct any agency of the Government or intermediary to block for access by the public or cause to be blocked for access by the public any information generated, transmitted, received, stored or hosted in any computer resource.” - Question 4 of 10
4. Question
1 pointsCategory: current affairsConsider the following statements regarding the Repurchase (buyback) of Government securities:
1. It is a process whereby the Government of India and States buy back their existing securities, by redeeming them prematurely, from the holders.
2. It can be used for infusion of liquidity in the economy.
Which of the statements given above is/are correct?Correct
Both statements are correct.
Repurchase (buyback) of G-Secs is a process whereby the Government of India and State Governments buy back their existing securities, by redeeming them prematurely, from the holders.
The objectives of buyback can be reduction of cost (by buying back high coupon securities), reduction in the number of outstanding securities and improving liquidity in the G-Secs market (by buying back illiquid securities) and infusion of liquidity in the system.Incorrect
Both statements are correct.
Repurchase (buyback) of G-Secs is a process whereby the Government of India and State Governments buy back their existing securities, by redeeming them prematurely, from the holders.
The objectives of buyback can be reduction of cost (by buying back high coupon securities), reduction in the number of outstanding securities and improving liquidity in the G-Secs market (by buying back illiquid securities) and infusion of liquidity in the system. - Question 5 of 10
5. Question
1 pointsCategory: current affairsConsider the following statement regarding the Quadrilateral Security Dialogue (Quad):
1. It has been formed by a mutual-assistance treaty for strategic cooperation in the Indo-pacific.
2. India is the only BRICS member country that is also part of the Quad.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect. The Quadrilateral Security Dialogue or Quad is an informal strategic forum between the United States, Japan, Australia and India that is maintained by semi-regular summits and information exchanges among the member countries.
Quad, being an informal forum, has no formal mutual-assistance treaty, secretariat, or even a website.
Statement 2 is correct. BRICS members are Brazil, Russia, India, China, and South Africa; India is the only country in Quad that is a member of BRICS.Incorrect
Statement 1 is incorrect. The Quadrilateral Security Dialogue or Quad is an informal strategic forum between the United States, Japan, Australia and India that is maintained by semi-regular summits and information exchanges among the member countries.
Quad, being an informal forum, has no formal mutual-assistance treaty, secretariat, or even a website.
Statement 2 is correct. BRICS members are Brazil, Russia, India, China, and South Africa; India is the only country in Quad that is a member of BRICS. - Question 6 of 10
6. Question
1 pointsCategory: current affairsConsider the following statements:
1. Constitution of India provides for fundamental right of an accused against forced self-incrimination.
2. India has incorporated the relevant provisions against torture in its criminal laws after ratifying the UN Convention against Torture.
Which of the statements given above is/are correct?Correct
Statement 1 is correct. Constitution provides fundamental right against the forced self-incrimination by the accused under article 20(3) which states that no person accused of any offence shall be compelled to be a witness against himself.
Statement 2 is incorrect. India signed the United Nations Convention against Torture and other Cruel, Inhuman and Degrading Treatment or Punishment in 1997 but has not ratified it so far.
21st Law Commission under Justice B.S. Chauhan(retd.) recommended on implementation of convention by legislation. It proposed amendments to the Code of Criminal Procedure, 1973 and the Indian Evidence Act, 1872. In addition, the Commission submitted a draft Prevention of Torture Bill, 2017 which defines acts that should constitute torture and prescribed punishments for such acts.Incorrect
Statement 1 is correct. Constitution provides fundamental right against the forced self-incrimination by the accused under article 20(3) which states that no person accused of any offence shall be compelled to be a witness against himself.
Statement 2 is incorrect. India signed the United Nations Convention against Torture and other Cruel, Inhuman and Degrading Treatment or Punishment in 1997 but has not ratified it so far.
21st Law Commission under Justice B.S. Chauhan(retd.) recommended on implementation of convention by legislation. It proposed amendments to the Code of Criminal Procedure, 1973 and the Indian Evidence Act, 1872. In addition, the Commission submitted a draft Prevention of Torture Bill, 2017 which defines acts that should constitute torture and prescribed punishments for such acts. - Question 7 of 10
7. Question
1 pointsCategory: current affairsWhich of the following is/are correctly matched?
1. Farzad B Gas Field – Iran
2. Baghjan Oil Field – India
3. Ghawar Oil Field – Saudi Arabia
Select the correct answer using the code given below:Correct
All of the above gas/oil fields are correctly matched.
Farzad B Gas Field is located in Persian Gulf under the control of Iran. India has plans to invest in the exploration of this oilfield.
Baghjan Oil field is in Tinsukia district of Assam. Recently a massive fire engulfed the damaged Baghjan oil well in Assam.
Ghawar Oil Field is located in Eastern Province, Saudi Arabia, owned and operated by state-owned Saudi Aramco. It is one of the largest conventional oil field in the world, and accounts for roughly a third of the cumulative oil production of Saudi Arabia.Incorrect
All of the above gas/oil fields are correctly matched.
Farzad B Gas Field is located in Persian Gulf under the control of Iran. India has plans to invest in the exploration of this oilfield.
Baghjan Oil field is in Tinsukia district of Assam. Recently a massive fire engulfed the damaged Baghjan oil well in Assam.
Ghawar Oil Field is located in Eastern Province, Saudi Arabia, owned and operated by state-owned Saudi Aramco. It is one of the largest conventional oil field in the world, and accounts for roughly a third of the cumulative oil production of Saudi Arabia. - Question 8 of 10
8. Question
1 pointsCategory: current affairsWhich of the following is/are correct regarding the Community transmission of a disease?
Correct
A disease is said to be in Community transmission stage when there is no clear source of origin of the infection in a new person/community. It can no longer be identified who became infected after being exposed to someone, who interacted with infected people.
The source and chain of infections can no longer be established. Therefore, contact tracing becomes difficult and has limited use in arresting the spread of disease.
# Herd immunity occurs when a large portion of a community becomes immune to a disease, making the spread of disease from person to person unlikely. This can happen in two ways: Many people contract the disease and in time build up an immune response to it (natural immunity) or many people are vaccinated against the disease to achieve immunity.Incorrect
A disease is said to be in Community transmission stage when there is no clear source of origin of the infection in a new person/community. It can no longer be identified who became infected after being exposed to someone, who interacted with infected people.
The source and chain of infections can no longer be established. Therefore, contact tracing becomes difficult and has limited use in arresting the spread of disease.
# Herd immunity occurs when a large portion of a community becomes immune to a disease, making the spread of disease from person to person unlikely. This can happen in two ways: Many people contract the disease and in time build up an immune response to it (natural immunity) or many people are vaccinated against the disease to achieve immunity. - Question 9 of 10
9. Question
1 pointsCategory: current affairsWhich of the following statement correctly defines the term ‘Immunogenicity’?
Correct
Immunogenicity is the ability of a foreign substance, such as an antigen, to provoke an immune response in the body of a human or other animal. It is the ability to induce a humoral and/or cell-mediated immune responses.
Antigenicity is the ability to be specifically recognized by the antibodies generated as a result of the immune response to the given substance.Incorrect
Immunogenicity is the ability of a foreign substance, such as an antigen, to provoke an immune response in the body of a human or other animal. It is the ability to induce a humoral and/or cell-mediated immune responses.
Antigenicity is the ability to be specifically recognized by the antibodies generated as a result of the immune response to the given substance. - Question 10 of 10
10. Question
1 pointsCategory: current affairsWhat is the mandate of the KV Kamath Committee formed by the Reserve Bank of India?
Correct
The RBI had formed a committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations on the financial parameters to be considered in the restructuring of loans impacted by the COVID-19 pandemic.
The committee has selected 26 sectors which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the coronavirus pandemic. The financial parameters selected include total outside liability to adjusted tangible net worth, debt to EBIDTA, current ratio, debt service coverage ratio (DSCR) and average debt service coverage ratio (ADSCR).Incorrect
The RBI had formed a committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations on the financial parameters to be considered in the restructuring of loans impacted by the COVID-19 pandemic.
The committee has selected 26 sectors which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the coronavirus pandemic. The financial parameters selected include total outside liability to adjusted tangible net worth, debt to EBIDTA, current ratio, debt service coverage ratio (DSCR) and average debt service coverage ratio (ADSCR).
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