10 PM Quiz: September 7
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- Question 1 of 7
1. Question
1 pointsWith reference to the freedom of press in India, which of the following statement is /are correct?
1) In India, freedom of the press has been treated as part of the freedom of speech and expression guaranteed by Article 19(1) (a) of the Constitution.
2) These freedoms are absolute in nature.
Select the correct option using the code given below:
Correct
In India, freedom of the press has been treated as part of the freedom of speech and expression guaranteed by Article 19(1) (a) of the Constitution.
2) These freedoms are not absolute in nature
Incorrect
In India, freedom of the press has been treated as part of the freedom of speech and expression guaranteed by Article 19(1) (a) of the Constitution.
2) These freedoms are not absolute in nature
- Question 2 of 7
2. Question
1 pointsIndia and China, in a joint proposal to the World Trade Organization (WTO), has called for elimination of trade-distorting agricultural subsidies given by developed countries. Which the following statement is/are correct in this context
1) In WTO parlance, these subsidies are called as Aggregate Measurement of Support (AMS) or Amber Box support.
2) The WTO is the successor to the General agreement on Tariffs and Trade (GATT), which was created in 1950.
Select the correct option using the code given below:
Correct
The WTO is the successor to the General agreement on Tariffs and Trade(GATT), which was created in 1947.
1- India and China, in a joint proposal to the World Trade Organization (WTO), have called for elimination of trade-distorting agricultural subsidies given by developed countries. The proposal counters the efforts of some WTO member countries that are targeting the subsidies given by the developing economies to their poor farmers while letting the developed rich nations retain their huge farm subsidies. It is an important proposal by India and China in view of the ongoing negotiations for the ministerial conference of the WTO to be held in Buenos Aires in December.
Incorrect
The WTO is the successor to the General agreement on Tariffs and Trade(GATT), which was created in 1947.
1- India and China, in a joint proposal to the World Trade Organization (WTO), have called for elimination of trade-distorting agricultural subsidies given by developed countries. The proposal counters the efforts of some WTO member countries that are targeting the subsidies given by the developing economies to their poor farmers while letting the developed rich nations retain their huge farm subsidies. It is an important proposal by India and China in view of the ongoing negotiations for the ministerial conference of the WTO to be held in Buenos Aires in December.
- Question 3 of 7
3. Question
1 pointsThe minimum Support Price (MSP) Scheme is a scheme of the Government of India to safeguard the interest of:
- a) Retailers
- b) Farmers
- c) Students
- d) Labors
Correct
Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India’s agricultural price policy.
Incorrect
Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India’s agricultural price policy.
- Question 4 of 7
4. Question
1 pointsWith reference to Heart of Asia which of the following statements is/are correct?
- An international governmental organization that was founded in Istanbul, Turkey.
- A humanitarian organization to protect human life and health based in India.
Select the correct answer using the code given below:
Correct
The Heart of Asia-Istanbul Process (HOA) is an international governmental organization that was founded on November 2nd, 2011 in Istanbul, Turkey. The Heart of Asia provides a platform for sincere and results-oriented regional cooperation by placing Afghanistan at its center, in recognition of the fact that a secure and stable Afghanistan is vital to the prosperity of the Heart of Asia region.
Incorrect
The Heart of Asia-Istanbul Process (HOA) is an international governmental organization that was founded on November 2nd, 2011 in Istanbul, Turkey. The Heart of Asia provides a platform for sincere and results-oriented regional cooperation by placing Afghanistan at its center, in recognition of the fact that a secure and stable Afghanistan is vital to the prosperity of the Heart of Asia region.
- Question 5 of 7
5. Question
1 pointsWith reference to “Anti-Profiteering clause” in the GST regime which of the following statements is/are correct?
- Companies have to pass on all input credits to the customers’ books of accounts.
- Companies have to log all entries of the interactions with customers, so that benefits can be passed on to them without fail.
- Companies pass on any benefits that accrue to them due to lower taxation burden, to the
customers, through adequate price reductions in their goods and services.
- Companies can no longer have higher prices of their products, as compared to an average market price the government agencies will now publish on their websites.
Select the correct answer using the code given below:
Correct
Clause 171 has been inserted in the GST bill which provides that it is mandatory to pass on
the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices.
Incorrect
Clause 171 has been inserted in the GST bill which provides that it is mandatory to pass on
the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices.
- Question 6 of 7
6. Question
1 pointsWhich of these incidents is being linked with the others, as a possible cyber-attack case in June-July 2017?
- Reliance Jio data centre’s collapse
- Airtel’s financial server’s hacking
- The NSE members’ personal data getting held up for many hours
- The NPA data of RBI getting hacked
Correct
Investigators are trying to find possible links between three seemingly disparate incidents –
(1) Outage of Airtel network in Delhi (first week of July 2017),
(2) 09 July ‘alleged’ data breach of Reliance Jio users, and
(3) The technical glitch at the National Stock Exchange (NSE) on 10 July.
There are suspicions that the attacks may have originated from a nearby region, and in the politically tense environment, it does seem an impossibility. The 2016 data breach was one of the largest in recent times, when 32 lakh debit cards were compromised, and many users reporting transactions from China! Aware of the threats, the Home Ministry is now making an internal cybersecurity policy (required under the national plan. Government has already informed (‘sensitized’) major Telecom players about the vulnerability of equipment imported from China. Both Airtel and Jio use Chinese equipment.
Incorrect
Investigators are trying to find possible links between three seemingly disparate incidents –
(1) Outage of Airtel network in Delhi (first week of July 2017),
(2) 09 July ‘alleged’ data breach of Reliance Jio users, and
(3) The technical glitch at the National Stock Exchange (NSE) on 10 July.
There are suspicions that the attacks may have originated from a nearby region, and in the politically tense environment, it does seem an impossibility. The 2016 data breach was one of the largest in recent times, when 32 lakh debit cards were compromised, and many users reporting transactions from China! Aware of the threats, the Home Ministry is now making an internal cybersecurity policy (required under the national plan. Government has already informed (‘sensitized’) major Telecom players about the vulnerability of equipment imported from China. Both Airtel and Jio use Chinese equipment.
- Question 7 of 7
7. Question
1 pointsWhy does the G20 not have a permanent secretariat?
- Serious differences between member nations on its funding
- Huge political backlash as it was proposed in China
- There is no need as it is an informal political forum, not a treaty or an organization
- The UN Secretariat acts as the de facto one, for G-20
Correct
The G20 Presidency rotates annually ensuring a regional balance over time, and hence there is no permanent secretariat. The G20 president is responsible for bringing together the G20 agenda in consultation with all. With time, many have started to believe that the G20 – founded to make globalization for the benefit of all – has lost some credibility especially after big-bank bailouts.
Incorrect
The G20 Presidency rotates annually ensuring a regional balance over time, and hence there is no permanent secretariat. The G20 president is responsible for bringing together the G20 agenda in consultation with all. With time, many have started to believe that the G20 – founded to make globalization for the benefit of all – has lost some credibility especially after big-bank bailouts.
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