[Solution] – The 10 PM Daily Quiz – 10 June, 2016

solution

We posted 7 questions in 10 PM Daily Quiz on 10 June, 2016. Thanks for the amazing response. These questions will help you polish concepts based on current affairs. In case you have not attempted them, please attempt them by clicking below.


Q.1) Consider the following statements about drug growing regions of Asia

1.Golden triangle region, which covers the regions of Afghanistan, Iran and Pakistan.
2.Golden Crescent region which covers the regions of Thailand, Laos and Vietnam.

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Answer-d

Explanation:

Drug problem in India is not restricted to Punjab alone.Wedged between the Golden Triangle (Thailand, Laos and Vietnam) in the east and the Golden Crescent (Afghanistan, Iran and Pakistan) in the west, many regions in India, such as the north-east, are particularly vulnerable.


Q.2) Consider the following statements regarding Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act

  1. Under it, every employer is required to constitute an Internal Complaints Committee at each office or branch with 20 or more employees.
  2. The act covers domestic workers as well.

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Answer-b

Explanation:-

Key provisions of this Act

  • The Act defines sexual harassment at the work place and creates a mechanism for redressal of complaints. It also provides safeguards against false or malicious charges.
  • Every employer is required to constitute an Internal Complaints Committee at each office or branch with 10 or more employees.
  • The District Officer is required to constitute a Local Complaints Committee at each district, and if required at the block level.
  • The Committee is required to complete the inquiry within a time period of 90 days.
  • On completion of the inquiry, the report will be sent to the employer or the District Officer, as the case may be, they are mandated to take action on the report within 60 days.
  • The definition of “aggrieved woman”, who will get protection under the Act is extremely wide to cover all women, irrespective of her age or employment status, whether in the organised or unorganised sectors, public or private and covers clients, customers and domestic workers as well.

Q.3) Which of the following countries are the functional members of  the Shanghai Cooperation Organisation (SCO)?

  1. Turkmenistan
  2. Afghanistan
    3. Uzbekistan

Select the correct answer using the codes given below:
a) 1 only
b) 1 and 3 only
c) 2 and 3 only
d) 3 only

Answer-d

Explanation:-

Shanghai Cooperation Organisation (SCO)

  • SCO is a Eurasian political, economic, and military organisation which includes China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
  • India and Pakistan have been observing member, but this year both will become the functional member of the Shanghai Cooperation Organisation (SCO).
  • SCO which was confined to Central and East Asia, will now have South Asia in its region as well.

Q.4)  Street View was in news recently, it is a pilot project of which of the following MNC?
a) Microsoft
b) Facebook
c) Google
d) Apple

Answer-c

Explanation:-

What is Google’s Street View?

  • Google Street View is a technology featured in Google Maps and Google Earth that provides panoramic views from positions along many streets in the world.
  • It was launched in 2007 in several cities in the United States, and has since expanded to include cities and rural areas worldwide.
  • Most photography is done by car, but some is done by trekker, tricycle, walking, boat, snowmobile, and underwater apparatus.
  • The service has been hugely successful but has caused problems of privacy in some countries.

Q.5)  Consider the following statements

  1. Depreciation of the currency happens when the country follows a flexible exchange rate.
  2. Devaluation happens in countries with fixed exchange rate.

Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are true
d) Neither is true

Answer-c

Explanation:-

Depreciation and Devaluation are two different economic terms that actually deals with the country’s currency value. Both currency depreciation and currency devaluation end up with a currency that is worth less than it previously was in comparison to the currencies of other countries.  

Depreciation

Depreciation of the currency happens when the country follows a flexible exchange rate. Flexible interest rate means that the value of the currency is determined by the demand and supply and the central bank doesn’t intervene in it.

Devaluation

It happens in countries with fixed exchange rate. In a fixed exchange rate , central bank decides what should be the value of its currency compared to other countries. The Central bank intervenes by buying or selling government securities to keep its exchange rates fixed.


Q.6) Section 498A of the IPC deals with
a) Theft
b) Criminal Defamation
c) Culpable Homicide
d) Dowry related deaths

Answer-d

Explanation:

What is Section 498A?

Husband or relative of husband of a woman subjecting her to cruelty.—Whoever, being the husband or the relative of the husband of a woman, subjects such woman to cruelty shall be pun­ished with imprisonment for a term which may extend to three years and shall also be liable to fine. Explanation.—For the purpose of this section, “cruelty” means—

(a) any wilful conduct which is of such a nature as is likely to drive the woman to commit suicide or to cause grave injury or danger to life, limb or health (whether mental or physical) of the woman; or

(b) harassment of the woman where such harassment is with a view to coercing her or any person related to her to meet any unlawful demand for any property or valuable security or is on account of failure by her or any person related to her to meet such demand.


Q.7) Which of the following countries have not given support for India’s membership of the Nuclear Suppliers Group?

a) Switzerland
b) Mexico
c) New Zealand
d) USA

Answer-c

Explanation:-

Apart from China,New Zealand, South Africa and Austria are among countries that are still holding out on India.


Comments

3 responses to “[Solution] – The 10 PM Daily Quiz – 10 June, 2016”

  1. Rudrani M Avatar
    Rudrani M

    Thank you Rakesh for such a beautiful explanation. I thought it as different and made a mistake in that question. I thought managed exchange rate and flexible exchange rate are same…

  2. Flexible / Floating Exchange Rates
    The terms flexible and floating exchange rates stand for one and the same thing.
    Here the exchange rate of a currency is determined by the market forces of demand and supply.
    There is no government and /or FED intervention to influence the exchange rate
    There is also a system of partially floating/ partially flexible exchange rate system.
    It is just like the floating/ flexible rate system except that in this case under extreme conditions the government can intervene in the foreign exchange market and influence the exchange rates by buying and selling currencies as the case may be.
    In the flexible exchange rate system market forces are allowed to operate (they are the deciding factors) to determine the exchange rate.
    Here exchange rate appreciation or depreciation is based on the changes in demand for that currency, changes in income and GDP, the prices level, interest rates etc.
    These changes gradually affect the exchange rate.
    There are no sudden jumps (up or down) in the exchange rate.
    Any change is quite gradual.
    Under the floating exchange rate system, the government and the FED can conduct an independent domestic fiscal and monetary policy.
    The disadvantages are: We do not know what the local currencies exchange rate is going to be in the future, and so are less confident in conducting foreign business where future stream of payments and / or incomes are concerned
    If the dollar appreciates in the future, and we have to make a payment in foreign currency, we stand to gain.
    Reversely, if the dollar depreciates, we stand to lose, since we have to pay more in terms of a foreign currency.
    If we expect a stream of future income, and the home currency appreciates, we will lose if it is in fixed foreign currency amounts.
    Reversely, if we expect a stream of future income, and the home currency depreciates, we will gain if it is in fixed foreign currency amounts.
    This injects a huge amount of uncertainty in international business.

  3. Rudrani M Avatar
    Rudrani M

    Is floating and flexible exchange rate are same? @forumias kindly reply.

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