QUIZ – 2016: Insights Current Affairs Quiz
August 3, 2016
The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2016. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.
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INSIGHTS CURRENT EVENTS QUIZ 2016
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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
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- Question 1 of 6
1. Question
2 pointsWhat are some of the issues associated with Stormwater Drainage in India?
- Their coverage – percentage of road length covered by the Stormwater drainage network – is low in urban areas
- Many a time they are clogged with garbage and sewage although they are designed to address situations of high rainfall concentrated in short durations
Select the correct answer using the code given below:
CorrectSolution: c.
“Stormwater drains, which are designed to address high rainfall concentrated in a short period of time, face clogging with garbage and sewage. That is, when they exist in the first place; often they don’t. So, the city gets deluged even if it receives less-than-normal rainfall.”
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IncorrectSolution: c.
“Stormwater drains, which are designed to address high rainfall concentrated in a short period of time, face clogging with garbage and sewage. That is, when they exist in the first place; often they don’t. So, the city gets deluged even if it receives less-than-normal rainfall.”
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- Question 2 of 6
2. Question
2 pointsThe Committee on Possible Tax rates under GST recommended a ‘Revenue Neutral Rate’ (RNR) within a range of 15 and 15.5 per cent. What is RNR?
CorrectSolution: a.
“Former Finance Minister P. Chidambaram and the party’s Deputy Leader in the Rajya Sabha Anand Sharma, who were the lead negotiators for the Congress, explained that the government had promised that the GST Council — in consultation with the States — would work out a set of bands to ensure a revenue neutral tax.”
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http://pib.nic.in/newsite/PrintRelease.aspx?relid=132570
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IncorrectSolution: a.
“Former Finance Minister P. Chidambaram and the party’s Deputy Leader in the Rajya Sabha Anand Sharma, who were the lead negotiators for the Congress, explained that the government had promised that the GST Council — in consultation with the States — would work out a set of bands to ensure a revenue neutral tax.”
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http://pib.nic.in/newsite/PrintRelease.aspx?relid=132570
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- Question 3 of 6
3. Question
2 pointsAnti-dumping duty is imposed on certain products when
CorrectSolution: c.
Option ‘a’ is partially correct but option ‘c’ is the wholly correct statement. Option ‘b’ refers to Safeguard Duty.
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https://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm8_e.htm
IncorrectSolution: c.
Option ‘a’ is partially correct but option ‘c’ is the wholly correct statement. Option ‘b’ refers to Safeguard Duty.
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https://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm8_e.htm
- Question 4 of 6
4. Question
2 pointsWith reference to the Compensatory Afforestation Fund (CAF) Bill passed recently by the Parliament, which of the following statements is/are incorrect?
- Apart from constituting a National Authority to manage and utilise amounts credited to the National CAF, State Authorities will be set up in each State and Union Territory to manage and utilise amounts credited to the State CAFs
- The funds can be utilised only for “compensatory” afforestation
Select the correct answer using the code given below:
CorrectSolution: b.
According to PIB, “the bill provides for the Constitution of a State Authority in each State and Union Territory to manage and utilise the amounts credited to the State CAFs.”
“The fund was envisaged to be used only for “compensatory” afforestation, but the Bill before Parliament has expanded the list of works that this money can be utilised for, and includes the general afforestation programme run through the Green India Mission. Forest protection, forest management, forest and wildlife related infrastructure development, wildlife conservation, even facilitating the relocation of people from protected wildlife areas, are proposed to be made valid expenditure from this account. Critics say this will take the focus away from the prime objective of compensating for the forest cover lost to industrial or infrastructure development.”
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IncorrectSolution: b.
According to PIB, “the bill provides for the Constitution of a State Authority in each State and Union Territory to manage and utilise the amounts credited to the State CAFs.”
“The fund was envisaged to be used only for “compensatory” afforestation, but the Bill before Parliament has expanded the list of works that this money can be utilised for, and includes the general afforestation programme run through the Green India Mission. Forest protection, forest management, forest and wildlife related infrastructure development, wildlife conservation, even facilitating the relocation of people from protected wildlife areas, are proposed to be made valid expenditure from this account. Critics say this will take the focus away from the prime objective of compensating for the forest cover lost to industrial or infrastructure development.”
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- Question 5 of 6
5. Question
2 pointsBecause of developmental or industrial requirements, forests are routinely cut, or, “diverted for non-forest purposes”. In such cases, which of the following acts/bills require that non-forest land, equal to the size of the forest being “diverted”, is afforested?
CorrectSolution: b.
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- Question 6 of 6
6. Question
2 pointsOne of the latest amendments proposed to the GST Bill is that “the GST Council shall establish a mechanism to adjudicate any disputes”. The GST Council will consist of
CorrectSolution: d.
“Composition of the GST Council: The GST Council is to consist of the following three members: (i) the Union Finance Minister (as Chairman), (ii) the Union Minister of State in charge of Revenue or Finance, and (iii) the Minister in charge of Finance or Taxation or any other, nominated by each state government.”
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IncorrectSolution: d.
“Composition of the GST Council: The GST Council is to consist of the following three members: (i) the Union Finance Minister (as Chairman), (ii) the Union Minister of State in charge of Revenue or Finance, and (iii) the Minister in charge of Finance or Taxation or any other, nominated by each state government.”
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