We posted 7 questions in 10 PM Daily Quiz on 13th May, 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) Recently Government of India amended DTAA treaty with which of the following country?
a) Switzerland
b) Mauritius
c) Cayman
d) Panama
Answer b
Explanation: Click here
Q.2) The demand for gold in India has reduced in the first quarter of 2016 due to which of the following reasons:
- Re-introduction of excise duty on gold.
- High Customs duty on gold.
- Non availability
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) 1 and 2 only
d) All of the above
Answer c
Explanation: Click here
Q.3) Consider the following statements regarding Hybrid securities:
- They are securities, often referred to as “hybrids,” generally combine both debt and equity characteristics.
- The most common type of hybrid security is a convertible bond.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither are correct
Answer c
Explanation: Click here
Q.4) Consider the following statements regarding Kudankulam Nuclear Power Plant
- It was established with co-operation with France.
- It is situated in the Tirunelveli district of Tamil Nadu.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither are correct
Answer-b
Explanation:-
- Kudankulam Nuclear Power Plant (or Koodankulam NPP or KKNPP) is a nuclear power station in Koodankulam in the Tirunelveli district of the southern Indian state of Tamil Nadu.
- Russia is building the KKNPP under a 1988 intergovernmental agreement.
Q.5) Consider the following statements regarding Parliament of Brazil
- It is called as National Congress of Brazil.
- Chamber of Deputies is the upper house in Brazilian polity.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither are correct
Answer-a
Explanation:- The National Congress is the legislative body of Brazil’s federal government. Unlike the state Legislative Assemblies and Municipal Chambers, the Congress is bicameral, composed of the Federal Senate(the upper house) and the Chamber of Deputies (the lower house). The Congress meets annually in its Brasília seat.
Q.6) Which of the following does not come under core infrastructure sectors?
a) Coal
b) Natural Gas
c) Electricity
d) Automobiles
Answer-d
Explanation:-
The eight infrastructure sectors that make up the core sector index – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – together have a 38% weightage in the Index of Industrial Production (IIP).
Q.7) Consider the following statements regarding disaster as defined under Section 2(d) of the Disaster Management Act of 2005
- It covers disaster covered by natural causes as well as man-made disaster.
- Drought comes under the definition of drought.
Select the correct answer using the codes given below:
a) 1 only
b) 2 only
c) Both are correct
d) Neither are correct
Answer-c
Explanation:-
Section 2(d) of the Disaster Management Act of 2005
“disaster” means a catastrophe, mishap, calamity or grave occurrence in any area, arising from natural or man made causes, or by accident or negligence which results in substantial loss of life or human suffering or damage to, and destruction of, property, or damage to, or degradation of, environment, and is of such a nature or magnitude as to be beyond the coping capacity of the community of the affected area.
Supreme Court has clarified that a drought definitely falls under the definition of ‘disaster’ under Section 2(d) of the Disaster Management Act of 2005 and lashed out at the government for not even trying to enforce the statute.
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