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 2017. 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 2017
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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 5
1. Question
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Which one of the following European countries does NOT open out to the Adriatic Sea?
The Bondla Wildlife Sanctuary, Navelim Wetlands and Netravali Wildlife Sanctuary can all be found in the state of
Correct
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.
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.
In the context of the ‘e-way bill’ related to the affairs of the Goods and Services Tax regime, consider the following statements:
A single e-way bill will be valid for a consignment from its point of origin to its destination regardless of the mode of transportation
The bill allotted for a consignment will be valid for a duration depending on the distance that the consignment needs to move
Which of the statements given above is/are correct?
Correct
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.
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.
Reduces the cost of handling cash to financial institutions
Recycles soiled and mutilated notes
Select the correct answer using the code given below:
Correct
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.
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.
