Daily Quiz: UPSC Prelims Marathon- September 5

The Anti-Counterfeiting Trade Agreement (ACTA) is a multinational treaty for the purpose of establishing international standards for intellectual property rights enforcement. The agreement aims to establish an international legal framework for targeting counterfeit goods, generic medicines and copyright infringement on the Internet, and would create a new governing body outside existing forums, such as the World Trade Organization, the World Intellectual Property Organization, and the United Nations.

The Finance Ministry under the Central Government has recently launched the one rupee note again. The launch took place at the Shrinathji temple in Nathdwara, Rajasthan. The relaunched currency notes will be made up of cent percent cotton rag and will weigh 900 grams per square metre with a thickness of 110 microns. It bears the signature of the Finance Secretary and not the RBI Governor. Only Re. 1 notes and coins in India are signed by the Finance Secretary as they are printed by the Central Government. All other Indian currency notes in India are printed by RBI. The watermarks of the currency note include an Ashoka Pillar symbol in the window without the words ‘Satyamev Jayate’, a latent numeral at the centre and the concealed word ‘Bharat’ (in Hindi) at the right side of the note.

The colour of the note is primarily pink green on both the obverse and reverse sides, in combination with other colours. A picture of the oil exploration rig of Sagar Samrat off the Mumbai coast will feature on the reverse.

All have GI tags attached to them.

The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. Japan has the biggest subscribed capital in ADB.

Both the statements are factual and correct.

This is very basic question. All three are objectives of the taxation policy of India.