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We are posting today’s 10pm Current Affairs Quiz
Daily Quiz: Apr 23 2021
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- Question 1 of 10
1. Question
1 pointsCategory: current affairsConsider the Following Statements
- Covid-19 is notified disaster under disaster management act, 2005
- Epidemics Disease act allows the use of fund from National disaster Response Fund
Which of statements given above is/are correct?
Correct
Statement 1 is correct. In 2020, Ministry of Home Affairs decided to treat COVID-19 as a notified disaster for the purpose of providing assistance under the State Disaster Response Fund (SDRF).
Statement 2 is incorrect. Though the Epidemic Diseases Act, 1897, gives the Central and State Governments overarching powers, it lacks provisions enabling them to speedily set up management systems required for a coordinated and concerted response. Also, it does not provide for use of funds from NDRF, for that enforcement of NDMA 2005 is required.
Incorrect
Statement 1 is correct. In 2020, Ministry of Home Affairs decided to treat COVID-19 as a notified disaster for the purpose of providing assistance under the State Disaster Response Fund (SDRF).
Statement 2 is incorrect. Though the Epidemic Diseases Act, 1897, gives the Central and State Governments overarching powers, it lacks provisions enabling them to speedily set up management systems required for a coordinated and concerted response. Also, it does not provide for use of funds from NDRF, for that enforcement of NDMA 2005 is required.
- Question 2 of 10
2. Question
1 pointsCategory: current affairsWhich of the following statement is correct regarding ‘Leaders Summit on Climate’?
Correct
Option d is correct. U.S. President Joe Biden announced that the U.S. would cut its greenhouse gas emissions by 50%-52% by 2030 relative to 2005 levels, in a clean break with the Trump administration policies on climate action. Mr. Biden also announced that the U.S. would double, by 2024, its annual financing commitments to developing countries, including a tripling of its adaptation finance by 2024.
- US president hosts the Leaders Summit on Climate on Earth Day.
- The summit coincides with the fifth anniversary of the opening of the Paris Agreement on climate change for signature.
Incorrect
Option d is correct. U.S. President Joe Biden announced that the U.S. would cut its greenhouse gas emissions by 50%-52% by 2030 relative to 2005 levels, in a clean break with the Trump administration policies on climate action. Mr. Biden also announced that the U.S. would double, by 2024, its annual financing commitments to developing countries, including a tripling of its adaptation finance by 2024.
- US president hosts the Leaders Summit on Climate on Earth Day.
- The summit coincides with the fifth anniversary of the opening of the Paris Agreement on climate change for signature.
- Question 3 of 10
3. Question
1 pointsCategory: current affairsConsider the following statements regarding Remission of Duties and Taxes on Exported Products(RoDTEP) Scheme
- The Scheme replaced Merchandise Export from India Scheme (MEIS).
- RoDTEP scheme will provide benefits for only electronic products.
- The scheme will result in cost competitiveness of exported products in international markets.
Which of the statements given above is/are correct?
Correct
Statement 1 is correct. The scheme replaced the Merchandise Export from India Scheme(MEIS). MEIS was not compliant with the rules of the World Trade Organisation(WTO).
Statement 2 is incorrect. The scheme covers all export goods starting from January 1, 2021.
Statement 3 is correct. The scheme would lead to the cost competitiveness of exported products in international markets, because it will refund the embedded central, state, and local duties or taxes to exporters that were previously non-recoverable. Such as:
- Central & state taxes on the fuel used for transportation of export products
- The duty levied by the state on electricity used for manufacturing
- Mandi tax levied by APMCs
- Lastly, Toll tax & stamp duty on the import-export documentation.
Incorrect
Statement 1 is correct. The scheme replaced the Merchandise Export from India Scheme(MEIS). MEIS was not compliant with the rules of the World Trade Organisation(WTO).
Statement 2 is incorrect. The scheme covers all export goods starting from January 1, 2021.
Statement 3 is correct. The scheme would lead to the cost competitiveness of exported products in international markets, because it will refund the embedded central, state, and local duties or taxes to exporters that were previously non-recoverable. Such as:
- Central & state taxes on the fuel used for transportation of export products
- The duty levied by the state on electricity used for manufacturing
- Mandi tax levied by APMCs
- Lastly, Toll tax & stamp duty on the import-export documentation.
- Question 4 of 10
4. Question
1 pointsCategory: current affairsBitcoin has seen almost a 10-fold increase in its price since the last year. Which of the following factors has contributed to this surge?
- Increased institutional exposure to Bitcoin
- Global progress in fostering a friendlier legislative environment for cryptocurrencies
- Large supply reduction
Select your answer from the codes given below:
Correct
Private Cryptocurrencies are too volatile and pose a threat to India’s financial stability. For instance, Bitcoin’s price has risen more than 10-fold over the last year due to:
- Increased institutional exposure to Bitcoin
- Global progress in fostering a friendlier legislative environment for cryptocurrencies
- Large supply reduction coupled with increasing demand.
Incorrect
Private Cryptocurrencies are too volatile and pose a threat to India’s financial stability. For instance, Bitcoin’s price has risen more than 10-fold over the last year due to:
- Increased institutional exposure to Bitcoin
- Global progress in fostering a friendlier legislative environment for cryptocurrencies
- Large supply reduction coupled with increasing demand.
- Question 5 of 10
5. Question
1 pointsCategory: current affairsConsider the following statements with regarding the Earth day
- Earth day is celebrated after signing the Rio declaration on environment and development.
- The theme of Earth day 2021 is “Restore Our Earth”
Which of statements given above is/are correct?
Correct
- World Earth Day is celebrated every year on 22nd April. It was celebrated for the first time in the year 1970. (Rio Declaration is signed on 1992)
- World Earth day 2021 theme: ‘Restore Our Earth’. The theme focuses on natural processes, emerging green technologies and innovative thinking to restore the world’s ecosystems.
Read More : World Earth day
Incorrect
- World Earth Day is celebrated every year on 22nd April. It was celebrated for the first time in the year 1970. (Rio Declaration is signed on 1992)
- World Earth day 2021 theme: ‘Restore Our Earth’. The theme focuses on natural processes, emerging green technologies and innovative thinking to restore the world’s ecosystems.
Read More : World Earth day
- Question 6 of 10
6. Question
1 pointsCategory: current affairsConsider the following statements regarding Boao Forum for Asia
- It is aimed to promote regional economic integration in Asia
- The forum is modelled based on the World Economic Forum
- It is called Davos of the East.
Select your answer from the codes given below:
Correct
Boao Forum for Asia(BFA):
- Boao Forum for Asia(BFA) is a non-profit international organization founded in the year 2001.
- Purpose: The Forum is committed to promoting regional economic integration in Asia. It also aims at bringing Asian countries even closer to their development goals.
- Significance: Boao Forum is modelled on the World Economic Forum held annually in Davos, Switzerland. So it also called Davos of the East.
Read more: Boao Forum for Asia(BFA)
Incorrect
Boao Forum for Asia(BFA):
- Boao Forum for Asia(BFA) is a non-profit international organization founded in the year 2001.
- Purpose: The Forum is committed to promoting regional economic integration in Asia. It also aims at bringing Asian countries even closer to their development goals.
- Significance: Boao Forum is modelled on the World Economic Forum held annually in Davos, Switzerland. So it also called Davos of the East.
Read more: Boao Forum for Asia(BFA)
- Question 7 of 10
7. Question
1 pointsCategory: current affairsConsider the following statement on digital currency.
- Cryptocurrencies alone is considered as a digital currency
- The digital transaction of money under net banking, UPI transfers is considered as a digitization of currency.
Which of statements given above is/are correct?
Correct
Digital currencies include cryptocurrency, virtual currency and central bank digital currency
On the other hand, digital transaction of money under measures such as net banking, UPI transfer, NEFT etc are not considered as digitization of currency. This is because this money is the liability of banks and banks have to maintain reserves and deposits for such transactions.
Read more: Central Bank Digital Currency
Incorrect
Digital currencies include cryptocurrency, virtual currency and central bank digital currency
On the other hand, digital transaction of money under measures such as net banking, UPI transfer, NEFT etc are not considered as digitization of currency. This is because this money is the liability of banks and banks have to maintain reserves and deposits for such transactions.
Read more: Central Bank Digital Currency
- Question 8 of 10
8. Question
1 pointsCategory: current affairsBlue Nature Alliance was seen in the news recently. Which of the following correctly describes it?
Correct
Blue Nature Alliance has been launched with a goal to restore 7 million square miles of ocean in five years.
- Blue Nature Alliance is a global partnership. It was founded and led by Conservation International, Pew Charitable Trusts, Global Environment Facility(GEF), Minderoo Foundation and Rob & Melani Walton Foundation.
- Aim: To safeguard global ocean biodiversity, build resilience to climate change, promote human well-being and enhance ecosystem connectivity.
- Target Oceans: The Alliance has started by targeting seven ocean locations. This includes Antarctica, Fiji, Canada, Seychelles, Palau, the Western Indian Ocean and Tristan da Cunha, an island in the South Atlantic Ocean.
Read more: Blue Nature Alliance
Incorrect
Blue Nature Alliance has been launched with a goal to restore 7 million square miles of ocean in five years.
- Blue Nature Alliance is a global partnership. It was founded and led by Conservation International, Pew Charitable Trusts, Global Environment Facility(GEF), Minderoo Foundation and Rob & Melani Walton Foundation.
- Aim: To safeguard global ocean biodiversity, build resilience to climate change, promote human well-being and enhance ecosystem connectivity.
- Target Oceans: The Alliance has started by targeting seven ocean locations. This includes Antarctica, Fiji, Canada, Seychelles, Palau, the Western Indian Ocean and Tristan da Cunha, an island in the South Atlantic Ocean.
Read more: Blue Nature Alliance
- Question 9 of 10
9. Question
1 pointsCategory: current affairsConsider the following benefits regarding Hydrogen as a potential energy source.
- Hydrogen can be used as fuel to transport heavy vehicles such as Railways, shipping and trucks etc
- Hydrogen can be used as a potential energy storage device.
- Unlike the solar which needs to charge frequently, Hydrogen can benefit long-distance travels.
Select your answer from the codes given below:
Correct
- It can be used as fuel for long-distance mobility. For example, Railways, shipping and trucks etc can use Hydrogen as a fuel.
- It can co-exist with the Electric vehicle in long-distance travel. As the EVs require charging of vehicle which is not feasible for long-distance travel. For example, 1KG of hydrogen can give 100KM range for a car.
- Hydrogen can also act as a carrier device to store energy.
Incorrect
- It can be used as fuel for long-distance mobility. For example, Railways, shipping and trucks etc can use Hydrogen as a fuel.
- It can co-exist with the Electric vehicle in long-distance travel. As the EVs require charging of vehicle which is not feasible for long-distance travel. For example, 1KG of hydrogen can give 100KM range for a car.
- Hydrogen can also act as a carrier device to store energy.
- Question 10 of 10
10. Question
1 pointsCategory: current affairsConsider the following regarding Coal as a potential energy source
- India does not planned any coal based power plant after announcing its climate change targets
- Largest Coal reserves of India are found in the state of Orissa
Which of statements given above is/are correct?
Correct
According to the 2017 data, almost 94 GW of coal-based power plants are planned(announced, pre-permitted or permitted) or already under construction in India.
Jharkhand has the largest coal reserves in India. This is followed by Orissa and Chattisgarh. Together these three states has 68% of total coal reserves of India
Incorrect
According to the 2017 data, almost 94 GW of coal-based power plants are planned(announced, pre-permitted or permitted) or already under construction in India.
Jharkhand has the largest coal reserves in India. This is followed by Orissa and Chattisgarh. Together these three states has 68% of total coal reserves of India