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 2021. 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 AFFAIRS QUIZ 2020
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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
1 pointsConsider the following statements regarding Sperm whales.
- Sperm whales are a protected species under the Wildlife Protection Act.
- Ambergris is a waxy substance that originates from the digestive system of the sperm whales.
- In India, Ambergris is a tradable commodity, since they have high medicinal properties.
Which of the above statements is/are correct?
Correct
Solution: a)
Ambergris, which means gray amber in French, is a waxy substance that originates from the digestive system of the protected sperm whales.
While there is a ban on possession and trade of ambergris in countries like the USA, Australia and India, in several other countries it is a tradable commodity, though with limitations in some of them. In the Indian context, the sperm whales are a protected species under Schedule 2 of the Wildlife Protection Act and possession or trade of any of its by-products, including Ambergris and its byproducts, is illegal under provisions of the Wildlife Protection Act, 1972.
Incorrect
Solution: a)
Ambergris, which means gray amber in French, is a waxy substance that originates from the digestive system of the protected sperm whales.
While there is a ban on possession and trade of ambergris in countries like the USA, Australia and India, in several other countries it is a tradable commodity, though with limitations in some of them. In the Indian context, the sperm whales are a protected species under Schedule 2 of the Wildlife Protection Act and possession or trade of any of its by-products, including Ambergris and its byproducts, is illegal under provisions of the Wildlife Protection Act, 1972.
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Question 2 of 5
2. Question
1 pointsConsider the following statements regarding Goods and Services Tax (GST).
- GST is designed on the principle of destination-based consumption taxation, with seamless provision for input tax credit.
- GST Council is the key decision-making body, chaired by the Union Finance Minister with a Minister of State in charge of Finance and the Finance Ministers of States as members.
- GST is applicable to all goods and services except specified petroleum products.
Which of the above statements is/are correct?
Correct
Solution: b)
India’s GST architecture is built on the firm foundations of a GST Council and the GST Network (GSTN). The first is the key decision-making body, chaired by the Union Finance Minister with a Minister of State in charge of Finance and the Finance Ministers of States as members.
GSTN generates high frequency data and subjects them to analytics for informed policy making.
Designed on the principle of destination-based consumption taxation, with seamless provision for input tax credit.
GST is applicable to all goods and services except alcohol for human consumption and five specified petroleum products with a common threshold exemption applicable to both CGST and SGST.
Incorrect
Solution: b)
India’s GST architecture is built on the firm foundations of a GST Council and the GST Network (GSTN). The first is the key decision-making body, chaired by the Union Finance Minister with a Minister of State in charge of Finance and the Finance Ministers of States as members.
GSTN generates high frequency data and subjects them to analytics for informed policy making.
Designed on the principle of destination-based consumption taxation, with seamless provision for input tax credit.
GST is applicable to all goods and services except alcohol for human consumption and five specified petroleum products with a common threshold exemption applicable to both CGST and SGST.
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Question 3 of 5
3. Question
1 pointsConsider the following taxes levied under Goods and Services Tax (GST).
- CGST levied by the Centre.
- SGST levied by the States.
- UTGST levied by the Union Territories.
- IGST levied on inter-State supply including imports.
Which of the above statements is/are correct?
Correct
Solution: d)
CGST levied by the Centre, SGST by the States, UTGST by the Union Territories, and IGST levied on inter-State supply including imports, GST is applicable to all goods and services except alcohol for human consumption and five specified petroleum products with a common threshold exemption applicable to both CGST and SGST.
Incorrect
Solution: d)
CGST levied by the Centre, SGST by the States, UTGST by the Union Territories, and IGST levied on inter-State supply including imports, GST is applicable to all goods and services except alcohol for human consumption and five specified petroleum products with a common threshold exemption applicable to both CGST and SGST.
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Question 4 of 5
4. Question
1 pointsConsider the following statements regarding Global Multidimensional Poverty Index (MPI).
- Global Multidimensional Poverty Index (MPI) is developed by World Bank.
- It uses health, education and standard of living indicators to determine the incidence and intensity of poverty experienced by a population.
- Here each indicator is given an equal weightage.
Which of the above statements is/are correct?
Correct
Solution: c)
The Global Multidimensional Poverty Index (MPI) was developed in 2010 by the Oxford Poverty & Human Development Initiative (OPHI) and the United Nations Development Programme and uses health, education and standard of living indicators to determine the incidence and intensity of poverty experienced by a population.
Each dimension (health, education, standard of living, etc.) is typically given an equal weighting, and each indicator within the dimension is also typically weighted equally.
Incorrect
Solution: c)
The Global Multidimensional Poverty Index (MPI) was developed in 2010 by the Oxford Poverty & Human Development Initiative (OPHI) and the United Nations Development Programme and uses health, education and standard of living indicators to determine the incidence and intensity of poverty experienced by a population.
Each dimension (health, education, standard of living, etc.) is typically given an equal weighting, and each indicator within the dimension is also typically weighted equally.
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Question 5 of 5
5. Question
1 pointsTrace metals like cadmium or copper are essential for ocean productivity. Studying the interactions of trace metals and marine plant and animal life helps to
- Track the movement of water masses responsible for ocean circulation
- Study the biological, geochemical and ecosystem processes and food web analyses in the oceans.
- Understand the nutrient cycling and productivity of the oceans
Select the correct answer code:
Correct
Solution: d)
What is the objective of studying the interactions of trace metals and marine plant and animal life?
- Trace metals like cadmium or copper are supplied to oceans via continental run-offs, atmospheric deposition, hydrothermal activities and continental shelf interaction.
- They are essential for ocean productivity. Scientists say that it is important to understand the interactions of trace metals with marine biota “for having a holistic understanding about nutrient cycling and productivity of the oceans”.
- Apart from their reactions on marine life, isotopic forms of trace metals can be utilised to track the movement of water masses responsible for ocean circulation and as tools to study the biological, geochemical and ecosystem processes and food web analyses.
Incorrect
Solution: d)
What is the objective of studying the interactions of trace metals and marine plant and animal life?
- Trace metals like cadmium or copper are supplied to oceans via continental run-offs, atmospheric deposition, hydrothermal activities and continental shelf interaction.
- They are essential for ocean productivity. Scientists say that it is important to understand the interactions of trace metals with marine biota “for having a holistic understanding about nutrient cycling and productivity of the oceans”.
- Apart from their reactions on marine life, isotopic forms of trace metals can be utilised to track the movement of water masses responsible for ocean circulation and as tools to study the biological, geochemical and ecosystem processes and food web analyses.