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Daily CA Quiz: October 5, 2020
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- Question 1 of 10
1. Question
1 pointsWho among the following can vote through postal ballot in India?
1. A person subjected to preventive detention.
2. A public servant on election duty.
Select the correct answer using the code given below:Correct
Postal ballot allows a voter to cast her/his vote remotely by recording her preference on the ballot paper and sending it back to the election officer before counting.
A voter on election duty on election duty, i.e. any polling agent, any polling officer, presiding officer or other public servant, who is an elector in the constituency and is by reason of his being on election duty unable to vote as the polling station where he is entitled to vote, can vote through postal ballot.
Section 62(5) of 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
Postal ballot allows a voter to cast her/his vote remotely by recording her preference on the ballot paper and sending it back to the election officer before counting.
A voter on election duty on election duty, i.e. any polling agent, any polling officer, presiding officer or other public servant, who is an elector in the constituency and is by reason of his being on election duty unable to vote as the polling station where he is entitled to vote, can vote through postal ballot.
Section 62(5) of 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 2 of 10
2. Question
1 pointsConsider the following statements regarding the Purchasing Managers’ Index (PMI):
1. It is an indicator of business activity based exclusively on the value of change in production volume.
2. PMI value above 50 denotes expansion in business activity.
Which of the statements given above is/are correct?Correct
Statement1 is incorrect. The purchasing managers’ index (PMI) is an economic indicator that surveys purchasing managers at businesses that make up a given sector. The most common PMI surveys are the manufacturing PMI and the services PMI.
It is a survey-based measure that asks the respondents about changes in their perception of some key business variables from the month before.
The most common elements include: New orders, Factory output, Employment, Suppliers’ delivery times and Stocks of purchases.
The most common answers include: Improvement, No change and Deterioration.
Statement 2 is correct. A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater is the expansion or contraction.Incorrect
Statement1 is incorrect. The purchasing managers’ index (PMI) is an economic indicator that surveys purchasing managers at businesses that make up a given sector. The most common PMI surveys are the manufacturing PMI and the services PMI.
It is a survey-based measure that asks the respondents about changes in their perception of some key business variables from the month before.
The most common elements include: New orders, Factory output, Employment, Suppliers’ delivery times and Stocks of purchases.
The most common answers include: Improvement, No change and Deterioration.
Statement 2 is correct. A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater is the expansion or contraction. - Question 3 of 10
3. Question
1 pointsConsider the following statements regarding the Insolvency and Bankruptcy Code 2016:
1. The code applies to companies as well as individuals.
2. Insolvency Professionals administer the resolution process and manage the assets of the debtor.
3. The Insolvency and Bankruptcy Board of India is the regulator over Insolvency Professionals, Insolvency Professional Agencies and Information Utilities.
Which of the statements given above is/are correct?Correct
: Statement 1 is correct. The Insolvency and Bankruptcy Code 2016 applies to companies and individuals. The proceedings of the resolution process are adjudicated by the National Companies Law Tribunal (NCLT), for companies; and the Debt Recovery Tribunal (DRT), for individuals.
Statement 2 is correct. Insolvency Professionals are a specialised cadre of licensed professionals. These professionals administer the resolution process, manage the assets of the debtor, and provide information for creditors to assist them in decision making.
Statement 3 is correct. The Insolvency and Bankruptcy Board of India was established under the Insolvency and Bankruptcy Code, 2016 (Code).
It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities.Incorrect
: Statement 1 is correct. The Insolvency and Bankruptcy Code 2016 applies to companies and individuals. The proceedings of the resolution process are adjudicated by the National Companies Law Tribunal (NCLT), for companies; and the Debt Recovery Tribunal (DRT), for individuals.
Statement 2 is correct. Insolvency Professionals are a specialised cadre of licensed professionals. These professionals administer the resolution process, manage the assets of the debtor, and provide information for creditors to assist them in decision making.
Statement 3 is correct. The Insolvency and Bankruptcy Board of India was established under the Insolvency and Bankruptcy Code, 2016 (Code).
It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities. - Question 4 of 10
4. Question
1 pointsWhich of the following language(s) is/are not listed in the eighth schedule of the Constitution?
1. English
2. Dogri
3. Garhwali
Select the correct answer using the code given below:Correct
The Eighth Schedule to the Constitution consists of the following 22 languages:
(1) Assamese, (2) Bengali, (3) Gujarati, (4) Hindi, (5) Kannada, (6) Kashmiri, (7) Konkani, (8) Malayalam, (9) Manipuri, (10) Marathi, (11) Nepali, (12) Oriya, (13) Punjabi, (14) Sanskrit, (15) Sindhi, (16) Tamil, (17) Telugu, (18) Urdu (19) Bodo, (20) Santhali, (21) Maithili and (22) Dogri.
Of these languages, 14 were initially included in the Constitution. Sindhi language was added in 1967. Thereafter three more languages viz., Konkani, Manipuri and Nepali were included in 1992. Subsequently Bodo, Dogri, Maithili and Santhali were added in 2004.Incorrect
The Eighth Schedule to the Constitution consists of the following 22 languages:
(1) Assamese, (2) Bengali, (3) Gujarati, (4) Hindi, (5) Kannada, (6) Kashmiri, (7) Konkani, (8) Malayalam, (9) Manipuri, (10) Marathi, (11) Nepali, (12) Oriya, (13) Punjabi, (14) Sanskrit, (15) Sindhi, (16) Tamil, (17) Telugu, (18) Urdu (19) Bodo, (20) Santhali, (21) Maithili and (22) Dogri.
Of these languages, 14 were initially included in the Constitution. Sindhi language was added in 1967. Thereafter three more languages viz., Konkani, Manipuri and Nepali were included in 1992. Subsequently Bodo, Dogri, Maithili and Santhali were added in 2004. - Question 5 of 10
5. Question
1 pointsConsider the following statements regarding the Goods and Services Tax (GST) Council:
1. Every decision of the GST Council is taken by a majority of not less than three-fourths of the weighted votes of the members present and voting.
2. Two-third of the total number of Members of the Goods and Services Tax Council constitute the quorum at its meetings.
3. The vote of the Central Government has a weightage of one third of the total votes cast.
Which of the statements given above is/are correct?Correct
Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.
Statement 1 is correct. Every decision of the Goods and Services Tax Council is taken at a meeting, by a majority of not less than three-fourths of the weighted votes of the members present and voting
Statement 2 is incorrect. One-half of the total number of Members of the Goods and Services Tax Council shall constitute the quorum at its meetings.
Statement 3 is correct. In the GST Council meeting; the vote of the Central Government has a weightage of one third of the total votes cast, and the votes of all the State Governments taken together have a weightage of two-thirds of the total votes cast.Incorrect
Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The GST Council is chaired by the Union Finance Minister and other members are the Union State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States.
Statement 1 is correct. Every decision of the Goods and Services Tax Council is taken at a meeting, by a majority of not less than three-fourths of the weighted votes of the members present and voting
Statement 2 is incorrect. One-half of the total number of Members of the Goods and Services Tax Council shall constitute the quorum at its meetings.
Statement 3 is correct. In the GST Council meeting; the vote of the Central Government has a weightage of one third of the total votes cast, and the votes of all the State Governments taken together have a weightage of two-thirds of the total votes cast. - Question 6 of 10
6. Question
1 pointsConsider the following statements regarding the National Commission for Protection of Child Rights (NCPCR):
1. It is a statutory body established under the Protection of Children from Sexual Offences Act (POCSO Act) 2012.
2. The commission may inquire into complaints and take suo-motu notice of matters relating to deprivation and violation of child rights.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect. National Commission for Protection of Child Rights (NCPCR) is a statutory body under the Commissions for Protection of Child Rights (CPCR) Act, 2005 under the administrative control of the Ministry of Women & Child Development.
The Commission’s Mandate is to ensure that all Laws, Policies, Programmes, and Administrative Mechanisms are in consonance with the Child Rights perspective as enshrined in the Constitution of India and also the UN Convention on the Rights of the Child. The Child is defined as a person in the 0 to 18 years age group.
Statement 2 is correct. The commission may inquire into complaints and take suo-motu notice of matters relating to-
– Deprivation and violation of child rights;
– Non-implementation of laws providing for protection and development of children;
– Non-compliance of policy decisions, guidelines or instructions aimed at mitigating hardships to and ensuring welfare of the children and to provide relief to such children.
# NCPCR also monitors the implementation of Protection of Children from Sexual Offences (POCSO) Act, 2012.Incorrect
Statement 1 is incorrect. National Commission for Protection of Child Rights (NCPCR) is a statutory body under the Commissions for Protection of Child Rights (CPCR) Act, 2005 under the administrative control of the Ministry of Women & Child Development.
The Commission’s Mandate is to ensure that all Laws, Policies, Programmes, and Administrative Mechanisms are in consonance with the Child Rights perspective as enshrined in the Constitution of India and also the UN Convention on the Rights of the Child. The Child is defined as a person in the 0 to 18 years age group.
Statement 2 is correct. The commission may inquire into complaints and take suo-motu notice of matters relating to-
– Deprivation and violation of child rights;
– Non-implementation of laws providing for protection and development of children;
– Non-compliance of policy decisions, guidelines or instructions aimed at mitigating hardships to and ensuring welfare of the children and to provide relief to such children.
# NCPCR also monitors the implementation of Protection of Children from Sexual Offences (POCSO) Act, 2012. - Question 7 of 10
7. Question
1 pointsWhere is Dhaulasidh Hydro Project located?
Correct
The Union Government has recently given approval for the construction of 66 Megawatt Dhaulasidh hydroelectric projects in Hamirpur district, Himachal Pradesh.
It is a run of river scheme on river Beas with a concrete gravity dam. The dam would create a reservoir of about 20 Kilometer. The project is being implemented by the Satluj Jal Vidyut Nigam Limited (SJVNL).Incorrect
The Union Government has recently given approval for the construction of 66 Megawatt Dhaulasidh hydroelectric projects in Hamirpur district, Himachal Pradesh.
It is a run of river scheme on river Beas with a concrete gravity dam. The dam would create a reservoir of about 20 Kilometer. The project is being implemented by the Satluj Jal Vidyut Nigam Limited (SJVNL). - Question 8 of 10
8. Question
1 pointsConsider the following statements:
1. India has declared that its carbon emissions will peak before the year 2030.
2. China aims to achieve carbon net-zero emissions by the year 2060.
Which of the statements given above is/are correct?Correct
Statement 1 is incorrect. India has not declared any peak year for carbon emissions. India’s pledges under the Paris agreement are:
– To reduce the emissions intensity of GDP by 33%–35% by 2030 below 2005 levels;
– To increase the share of non-fossil-based energy resources to 40% of installed electric power capacity by 2030, with help of transfer of technology and low-cost international finance including from Green Climate Fund (GCF);
– To create an additional (cumulative) carbon sink of 2.5–3 GtCO2e through additional forest and tree cover by 2030.
Statement 2 is correct. China’s President made two announcements at UNGA recently:
– China would become carbon net-zero by the year 2060. Net-zero is a state in which a country’s emissions are compensated by absorptions and removal of greenhouse gases from the atmosphere.
– China’s carbon emissions will peak before 2030.Incorrect
Statement 1 is incorrect. India has not declared any peak year for carbon emissions. India’s pledges under the Paris agreement are:
– To reduce the emissions intensity of GDP by 33%–35% by 2030 below 2005 levels;
– To increase the share of non-fossil-based energy resources to 40% of installed electric power capacity by 2030, with help of transfer of technology and low-cost international finance including from Green Climate Fund (GCF);
– To create an additional (cumulative) carbon sink of 2.5–3 GtCO2e through additional forest and tree cover by 2030.
Statement 2 is correct. China’s President made two announcements at UNGA recently:
– China would become carbon net-zero by the year 2060. Net-zero is a state in which a country’s emissions are compensated by absorptions and removal of greenhouse gases from the atmosphere.
– China’s carbon emissions will peak before 2030. - Question 9 of 10
9. Question
1 points. Consider the following statements regarding the Char Dham Pariyojna:
1. The projects under it lie within the State of Uttarakhand only.
2. The Border Road Organization (BRO) is executing the complete project by itself.
Which of the statements given above is/are correct?Correct
Statement 1 is correct. Char Dham National Highway (NH) connectivity programme comprises projects of improvement/development of 889 km length of NHs leading to Yamunotri Dham, Gangotri Dham, Kedarnath Dham, Badrinath Dham. Projects under Char Dham lie within the State of Uttarakhand only.
Statement 2 is incorrect. The works under Char Dham Pariyojna are being implemented on Engineering Procurement and Construction (EPC) mode of contract. These projects are being implemented by 3 executing agencies of Ministry of Road Transport and Highways, viz, Uttarakhand State PWD, Border Road Organization (BRO) and National Highway & Infrastructure Development Corporation Limited (NHIDCL).Incorrect
Statement 1 is correct. Char Dham National Highway (NH) connectivity programme comprises projects of improvement/development of 889 km length of NHs leading to Yamunotri Dham, Gangotri Dham, Kedarnath Dham, Badrinath Dham. Projects under Char Dham lie within the State of Uttarakhand only.
Statement 2 is incorrect. The works under Char Dham Pariyojna are being implemented on Engineering Procurement and Construction (EPC) mode of contract. These projects are being implemented by 3 executing agencies of Ministry of Road Transport and Highways, viz, Uttarakhand State PWD, Border Road Organization (BRO) and National Highway & Infrastructure Development Corporation Limited (NHIDCL). - Question 10 of 10
10. Question
1 pointsThe monetary policy of Reserve Bank of India targets which of the following Inflation Index?
Correct
As per the RBI Act 1934 (amended 2016), the Central Government shall, in consultation with the Bank, determine the inflation target in terms of the Consumer Price Index, once in every five years.
Accordingly, the Central Government has notified 4 per cent Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
As per the Act, the CPI Combined published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is used as inflation targeting index.Incorrect
As per the RBI Act 1934 (amended 2016), the Central Government shall, in consultation with the Bank, determine the inflation target in terms of the Consumer Price Index, once in every five years.
Accordingly, the Central Government has notified 4 per cent Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
As per the Act, the CPI Combined published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is used as inflation targeting index.
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