The 10 PM Daily Quiz – 15 April, 2016

Hi Friends,

Starting Monday, March 28, 2016 We are taking up a new initiatives for Prelims 2016 . We will be posting a 7-10 Questions Quiz based on 9 PM Brief, on a daily basis.

The purpose of these is to enable practise on a daily level for you to prepare Current Affairs for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent overview of 9 PM Brief

Please type your answers in the comments below .

Note : Answers to the quiz will be posted one day later.

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Q.1) Zika virus was first discovered in 1947 and is named after the Zika forest in which of the following country?

a) Rwanda

b) Uganda

c) Kenya

d) Tanzania

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Q.2)  Parliament has exclusive power to make laws with respect to any of the matters enumerated in List I in the Seventh Schedule. This provision is made under which of the following Article?

a) Article 244

b) Article 245

c) Article 246

d) Article 247

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Q.3) Consider the following statements:

1. Economic Growth refers to the long and sustained rise in real  Gross Domestic Product  (GDP)
2. Sustainable Development implies Long lasting development without negatively impacting the environment
3. Sustainable economic growth depends upon Both saving and investment
4. Economic development means Sustainable increases in Gross Domestic Product (GDP).

 

Select the correct answer using the codes given below:

a) 1, 2 and 3

b) 1,2 and 4

c) 2,3 and 4

d) 1,3 and 4

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Q.4) Consider the following statements regarding Wholesale Price Index(WPI) for agricultural prices

1. 2015-16 has seen WPI based inflation increase by double digits
2. In 2015-16 WPI based inflation of agricultural prices has been less than non agricultural prices

Select the correct answer using the codes below

a) 1 only

b) 2 only

c) Both are true

d) Neither is true

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Q.5) Consider the following statements regarding money bill

1. Lok Sabha is bound to accept the recommendations of Rajya Sabha.
2. There is no question of joint sitting of both houses if there is a tie
3. President cannot return the bill for reconsideration of Lok Sabha
4. Only those financial bills which contain provisions exclusively on matters listed in article 110 of the constitution are called Money Bills.

Select the correct answer using the codes below

a) 1,2 and 4 only

b) 1,3 and 4 only

c) 2,3 and 4 only

d) 1,2,3,4

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Q.6) Consider the following statements:

1. An ad valorem duty is a tax on the basis of value added.
2. The income tax in India is direct and progressive
   3. Central government has exclusive power to impose tax which is not mentioned in state or concurrent list.
   4. The constitution also provides for transferring certain tax revenues from union list to states

Select the correct answer using the codes below

a) 1,2 and 4 only

b) 1,3 and 4 only

c) 2,3 and 4 only

d) 1,2,3,4

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Q7)  Consider the following statements:

1. A depositary receipt (DR) is a negotiable financial instrument issued by a bank to represent a foreign company’s publicly traded securities.
2. Participatory notes are the derivative instruments issued by registered FIIs to persons in foreign countries who invest in India but don’t want to go through procedures mandated by SBI.

Using the codes given below select the correct statement/s:

a) 1 only

b) 2 only

c) Both are true

d) Both are false