QUIZ – 2017: Insights Current Affairs Quiz, 13 June 2017

Solution: d.

Improvisation: Th: Montenegro joins Nato

Solution: b.

BirdLife International, a conservation organisation, has recognised three new sites (mentioned in question) in Goa as hotspots for protection. The sites have been added to their list of “Important Bird and Biodiversity Areas”. Goa earlier had four recognised biodiversity areas: Bhagwan Mahavir Wildlife Sanctuary and Mollem National Park, Carambolim Wetlands, Cotigao Wildlife Sanctuary and Mhadei Wildlife Sanctuary.

TH: Three new sites recognised as biodiversity hotspots in Goa;

Solution: b.

• An e-way bill is in fact the underpinning of GST which talks about the seamless movement of goods and services. If you want to move goods worth more than Rs 50,000 under GST, you will need prior online registration of the consignment and secure an ‘e-way bill’ that tax officials can inspect anytime during the transit to check tax evasion. In a nutshell, without an e-way bill, goods worth over Rs 50,000 simply cannot move.
• One of the key issues around e-way bills is that the validity of the bill depends on the distance that the goods were to travel. If, for example, you have to transport heavy machinery like a Boiler on a specialized truck, the number of days it may take for it to cover 500 km can be much more than the eway bill-specified-validity of 10 days.
• Unless a company has the IT system to support and generate way bills in real time, it will be a huge issue. The time for companies to get the necessary infrastructure up for this purpose is little.
• A new e-way bill should be generated whenever the mode of transport of a consignment is changed. This can be a serious problem for e-commerce companies that use various modes of transport for delivery of the same item.

ET: E-way bill concerns;

TH: Centre seeks to defer e-way bill;

Solution: a.

• A CRM ‘recycles’ cash, in the sense that it is a machine that accepts deposits and uses the deposited money to offer a conventional ATM-service of cash withdrawal. It does not ‘recycle’ soiled, mutilated or imperfect notes.
• Also, deployment of CRMs in areas that do not have physical bank branches will go a long way in easing transactions that would otherwise have to be conducted at the physical branches.

TH: CRMs, the true future of ATMs;

Solution: d

TH: Panel to study free movement along Myanmar border;