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We are posting today’s 10pm Current Affairs Quiz
Daily Quiz: May 8 2021
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- Question 1 of 10
1. Question
1 pointsCategory: current affairsMedical Oxygen is a critical resource. In this regard, consider the statements below:
- In India, medical Oxygen is produced by both government & private manufacturers
- Medical Oxygen is transported in a liquid form and then undergoes regasification
Which of the above statements is/are incorrect?
Correct
- Statement 1 is correct: Medical Oxygen in India is produced by both government-owned and private manufacturers
- Statement 2 is correct: Medical oxygen is prepared in a liquid form with around 99.5% purity. This is then stored in jumbo tankers and transported to distributors in cryogenic tankers at a specified temperature. Once this reaches the distributor, a process of regasification is done to convert it into gaseous oxygen, which is then filled into cylinders. This process is long, requiring three to six days to reach the user
Incorrect
- Statement 1 is correct: Medical Oxygen in India is produced by both government-owned and private manufacturers
- Statement 2 is correct: Medical oxygen is prepared in a liquid form with around 99.5% purity. This is then stored in jumbo tankers and transported to distributors in cryogenic tankers at a specified temperature. Once this reaches the distributor, a process of regasification is done to convert it into gaseous oxygen, which is then filled into cylinders. This process is long, requiring three to six days to reach the user
- Question 2 of 10
2. Question
1 pointsCategory: current affairsmRNA vaccine technology transfer hub has been in news recently. In this respect, consider the statements below:
- It is an initiative by WHO to expand the capacity of low- and middle-income countries (LMICs) to produce COVID-19 vaccines
- It will work on a hub & spoke model
- Technology transfer hubs previously used for development of influenza vaccine production
Which of the above statements is/are correct?
Correct
- Statement 1 is correct: The World Health Organization has called for a technology- transfer hub on mRNA vaccines to increase their production in low- and middle-income countries (LMIC)
- Statement 2 is correct: WHO will facilitate the establishment of one (or more, as appropriate) technology transfer1 hub(s) that will use a hub and spoke model to transfer a comprehensive technology package and provide appropriate training to interested manufacturers in LMICs. This initiative will initially prioritize the mRNA-vaccine technology2 but could expand to other technologies in the future
- Statement 3 is correct: Technology transfer hubs have been supported previously by WHO to enable the successful development and transfer of processes for adjuvant production (an adjuvant is a drug or other substance, or a combination of substances, that is used to increase the efficacy or potency of certain drugs) and for influenza vaccine production
Incorrect
- Statement 1 is correct: The World Health Organization has called for a technology- transfer hub on mRNA vaccines to increase their production in low- and middle-income countries (LMIC)
- Statement 2 is correct: WHO will facilitate the establishment of one (or more, as appropriate) technology transfer1 hub(s) that will use a hub and spoke model to transfer a comprehensive technology package and provide appropriate training to interested manufacturers in LMICs. This initiative will initially prioritize the mRNA-vaccine technology2 but could expand to other technologies in the future
- Statement 3 is correct: Technology transfer hubs have been supported previously by WHO to enable the successful development and transfer of processes for adjuvant production (an adjuvant is a drug or other substance, or a combination of substances, that is used to increase the efficacy or potency of certain drugs) and for influenza vaccine production
- Question 3 of 10
3. Question
1 pointsCategory: current affairsConsider the following statements regarding sovereign debt rating:
- It assesses the ability of government to pay back debt after considering economic, market and political risks
- A lower level of rating allows the country to borrow at low rates
Which of the above statements is/are correct?
Correct
- Statement 1 is correct:
- International agencies evaluate the credit worthiness of national governments, assessing their ability to pay back debt after considering economic, market and political risks.
- These ratings are a kind of forward assessment of a nation’s ability to meet its financial obligations in time and in full.
- Statement 2 is incorrect: Credit ratings focus only on a single aspect of credit, the ability of the borrower to ensure timely payment of interest and principal. A higher level of rating would imply lower risk, allowing the country to borrow at low rates as opposed to one with lower rating.
Incorrect
- Statement 1 is correct:
- International agencies evaluate the credit worthiness of national governments, assessing their ability to pay back debt after considering economic, market and political risks.
- These ratings are a kind of forward assessment of a nation’s ability to meet its financial obligations in time and in full.
- Statement 2 is incorrect: Credit ratings focus only on a single aspect of credit, the ability of the borrower to ensure timely payment of interest and principal. A higher level of rating would imply lower risk, allowing the country to borrow at low rates as opposed to one with lower rating.
- Question 4 of 10
4. Question
1 pointsCategory: current affairsMucormycosis was sometimes in news is caused by a:
Correct
- Mucormycosis (previously called zygomycosis) is also known as Black Fungus infection
- It is a serious but rare fungal infection caused by a group of molds called mucormycetes. These molds are present naturally in the environment.
- The infection can occur in almost any part of the body. However, the infection is not contagious. This means that it cannot transmit between people or between people and animals.
- Treatment of this infection is possible with prescription antifungal medicine. If not detected early, the infection can be fatal. It can also lead to loss of vision or jaw in others.
Incorrect
- Mucormycosis (previously called zygomycosis) is also known as Black Fungus infection
- It is a serious but rare fungal infection caused by a group of molds called mucormycetes. These molds are present naturally in the environment.
- The infection can occur in almost any part of the body. However, the infection is not contagious. This means that it cannot transmit between people or between people and animals.
- Treatment of this infection is possible with prescription antifungal medicine. If not detected early, the infection can be fatal. It can also lead to loss of vision or jaw in others.
- Question 5 of 10
5. Question
1 pointsCategory: current affairsWhich of the following is/are a Greenhouse Gas?
- Nitrogen Trifluoride
- Water Vapour
- Perfluorocarbons (PFCs)
Select your answer from the codes given below:
Correct
All of the above are Greenhouse Gases
- Many greenhouse gases occur naturally in the atmosphere, such as carbon dioxide, methane, water vapor, and nitrous oxide, while others are synthetic. Those that are man-made include the chlorofluorocarbons (CFCs), hydrofluorocarbons (HFCs) and Perfluorocarbons (PFCs), as well as Sulfur hexafluoride (SF6)
Incorrect
All of the above are Greenhouse Gases
- Many greenhouse gases occur naturally in the atmosphere, such as carbon dioxide, methane, water vapor, and nitrous oxide, while others are synthetic. Those that are man-made include the chlorofluorocarbons (CFCs), hydrofluorocarbons (HFCs) and Perfluorocarbons (PFCs), as well as Sulfur hexafluoride (SF6)
- Question 6 of 10
6. Question
1 pointsCategory: current affairsConsider the following statements regarding the Model Code of Conduct (MCC) in India.
- In the Lok Sabha election, the MCC applies to both the Union and the State Governments.
- During the Assembly elections for a state, the Union government cannot introduce new schemes specific to that state
Which of the above statements is/are correct?
Correct
Model Code of Conduct (MCC) will come into operation from the date the election is announced by the Election Commission.
- MCC prohibits using official resources for electoral activities, announcing financial grants, new schemes, etc on the party in power.
- In the Lok Sabha election, the MCC applies to both the Union and State Governments.
- During the Assembly elections for a state, the Union government cannot introduce new schemes specific to that state
- For bye-elections, the application of MCC is similar and restricted to the District concerned
Incorrect
Model Code of Conduct (MCC) will come into operation from the date the election is announced by the Election Commission.
- MCC prohibits using official resources for electoral activities, announcing financial grants, new schemes, etc on the party in power.
- In the Lok Sabha election, the MCC applies to both the Union and State Governments.
- During the Assembly elections for a state, the Union government cannot introduce new schemes specific to that state
- For bye-elections, the application of MCC is similar and restricted to the District concerned
- Question 7 of 10
7. Question
1 pointsCategory: current affairs‘ID-Art’ App was seen in the news recently. Which of the following correctly describes it?
Correct
INTERPOL has launched an app called ‘ID-Art’ to better protect cultural heritage.
- ‘ID-Art’ App aims to help identify the stolen cultural property, reduce smuggling. The app also increases the possibility of recovering stolen works and artefacts.
- INTERPOL’s database: The app enables users to get mobile access to the Interpol database of stolen works of art. Further, the user can be a law enforcement agency or a general public
- Stolen Works of Art Database: More than 52,000 items registered as stolen in Interpol’s “Stolen Works of Art” database. The app allows users to immediately cross-check an object among the database.
Read more: ID-Art App
Incorrect
INTERPOL has launched an app called ‘ID-Art’ to better protect cultural heritage.
- ‘ID-Art’ App aims to help identify the stolen cultural property, reduce smuggling. The app also increases the possibility of recovering stolen works and artefacts.
- INTERPOL’s database: The app enables users to get mobile access to the Interpol database of stolen works of art. Further, the user can be a law enforcement agency or a general public
- Stolen Works of Art Database: More than 52,000 items registered as stolen in Interpol’s “Stolen Works of Art” database. The app allows users to immediately cross-check an object among the database.
Read more: ID-Art App
- Question 8 of 10
8. Question
1 pointsCategory: current affairsConsider the following statements on Social Stock Exchanges (SSE)
- It allows investors to invest in select social enterprises or social initiatives.
- In India, there is no such Stock Exchanges has been set up so far.
Which of the above statements is/are correct?
Correct
- Social Stock Exchange(SSE) is a platform that allows investors to invest in select social enterprises or social initiatives.
- Social Enterprise is a revenue-generating business. The primary aim of social enterprise is to achieve a social objective such as providing healthcare or clean energy.
- Aim: To help social and voluntary enterprises to raise capital in form of equity or debt or a unit of the mutual fund.
- The proposal to set up SSEs in the country was first floated during the Union Budget in 2019.
- In 2019, SEBI constituted a group under the chairmanship of Tata group veteran Ishaat Hussain.
- In 2020, SEBI again set up the Technical Group(TG) under Harsh Bhanwala, ex-Chairman, NABARD. This time for getting further expert advice and clarity on SSE. That committee submitted its report recently.
Read more: Social Stock Exchanges (SSE)
Incorrect
- Social Stock Exchange(SSE) is a platform that allows investors to invest in select social enterprises or social initiatives.
- Social Enterprise is a revenue-generating business. The primary aim of social enterprise is to achieve a social objective such as providing healthcare or clean energy.
- Aim: To help social and voluntary enterprises to raise capital in form of equity or debt or a unit of the mutual fund.
- The proposal to set up SSEs in the country was first floated during the Union Budget in 2019.
- In 2019, SEBI constituted a group under the chairmanship of Tata group veteran Ishaat Hussain.
- In 2020, SEBI again set up the Technical Group(TG) under Harsh Bhanwala, ex-Chairman, NABARD. This time for getting further expert advice and clarity on SSE. That committee submitted its report recently.
Read more: Social Stock Exchanges (SSE)
- Question 9 of 10
9. Question
1 pointsCategory: current affairsWorld Food Price Index is released by which of the following institution?
Correct
The World Food Price Index was released by Food and Agriculture Organization (FAO) .
According to the index, world food prices have increased for the 11th consecutive month in April. Further, the prices also hit their highest level since May 2014.
About World Food Price Index:
- The index was introduced in 1996 to help in monitoring the developments in the global agricultural commodity markets.
- Purpose: The index is a measure of the monthly change in international prices of a basket of food commodities.
- Commodities: It consists of the average of five commodity group price indices. Such as cereal, vegetable, dairy, meat and sugar. Also, these five indices is given weightage based on the average export shares.
- Base Year: The Base Year for the index is 2014-16.
Read More: Food and Agriculture Organization
Incorrect
The World Food Price Index was released by Food and Agriculture Organization (FAO) .
According to the index, world food prices have increased for the 11th consecutive month in April. Further, the prices also hit their highest level since May 2014.
About World Food Price Index:
- The index was introduced in 1996 to help in monitoring the developments in the global agricultural commodity markets.
- Purpose: The index is a measure of the monthly change in international prices of a basket of food commodities.
- Commodities: It consists of the average of five commodity group price indices. Such as cereal, vegetable, dairy, meat and sugar. Also, these five indices is given weightage based on the average export shares.
- Base Year: The Base Year for the index is 2014-16.
Read More: Food and Agriculture Organization
- Question 10 of 10
10. Question
1 pointsCategory: current affairs‘Offshore model’ was seen in the news recently. Which of the following correctly describes it?
Correct
In simple terms, it is the relocation of a company’s business process to a country that is not in the same geographical region. For example, a company in the US might have the majority of its employees working in India or China due to various benefits. It is also called the Work from home model.
According to analysts, Indian Offshore Model will Dominate Global IT Sector for atleast a decade.
Incorrect
In simple terms, it is the relocation of a company’s business process to a country that is not in the same geographical region. For example, a company in the US might have the majority of its employees working in India or China due to various benefits. It is also called the Work from home model.
According to analysts, Indian Offshore Model will Dominate Global IT Sector for atleast a decade.