INSIGHTS CURRENT AFFAIRS QUIZ 2022
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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 Consumer Protection Act, 2019.
- In India, fake reviews of products on e-commerce websites pose a threat to the consumer rights under the Consumer Protection Act, 2019.
- The right to be informed is a consumer right under the Consumer Protection Act, 2019
- Every e-commerce entity is required to provide information regarding country of origin of a product.
Which of the above statements is/are correct?
CorrectSolution: d)
The Union government recently said that it plans to develop a framework to curb fake reviews of products on e-commerce websites after studying the “best practices available globally”.
Due to fake and misleading reviews, the right to be informed, which is a consumer right under the Consumer Protection Act, 2019 is violated.”
In India, fake reviews pose a threat to the consumer rights under the Consumer Protection Act, 2019. The Act states that the consumers have a right to be “informed about the quality, quantity, potency, purity, standard and price of goods, products or services”.
The Consumer Protection Act,2019 comes in to force from today i.e. 20th July 2020.
Under this act every e-commerce entity is required to provide information relating to return, refund, exchange, warranty and guarantee, delivery and shipment, modes of payment, grievance redressal mechanism, payment methods, security of payment methods, charge-back options, etc. including country of origin which are necessary for enabling the consumer to make an informed decision at the pre-purchase stage on its platform.
IncorrectSolution: d)
The Union government recently said that it plans to develop a framework to curb fake reviews of products on e-commerce websites after studying the “best practices available globally”.
Due to fake and misleading reviews, the right to be informed, which is a consumer right under the Consumer Protection Act, 2019 is violated.”
In India, fake reviews pose a threat to the consumer rights under the Consumer Protection Act, 2019. The Act states that the consumers have a right to be “informed about the quality, quantity, potency, purity, standard and price of goods, products or services”.
The Consumer Protection Act,2019 comes in to force from today i.e. 20th July 2020.
Under this act every e-commerce entity is required to provide information relating to return, refund, exchange, warranty and guarantee, delivery and shipment, modes of payment, grievance redressal mechanism, payment methods, security of payment methods, charge-back options, etc. including country of origin which are necessary for enabling the consumer to make an informed decision at the pre-purchase stage on its platform.
- Question 2 of 5
2. Question
1 pointsConsider the following statements.
- Unique Identification Authority of India (UIDAI) is the statutory body mandated to collect Aadhaar data.
- To prevent misuse of biometric data, one can lock it from the UIDAI website, so that they can no longer be used for authentication.
- The Virtual Identity (VID) is a temporary 12-digit random number that can be used in lieu of Aadhaar number whenever authentication is necessary.
Which of the above statements is/are correct?
CorrectSolution: b)
The UIDAI, the statutory body mandated to collect Aadhaar data.
Locking biometrics: If you are worried about misuse of your Aadhaar biometric data, you can also lock it from the UIDAI website. When you lock your biometrics (fingerprint, iris, and face), they can no longer be used for authentication.
Use VID: The Virtual Identity, or VID, is a system of “Limited KYC” (Know Your Customer). This hides the Aadhaar number from the authenticating agency, while still confirming the identity of the user. This is a 16-digit number, but temporary in nature. So, unlike the permanent 12-digit Aadhaar number, the VID is valid only for some time.
IncorrectSolution: b)
The UIDAI, the statutory body mandated to collect Aadhaar data.
Locking biometrics: If you are worried about misuse of your Aadhaar biometric data, you can also lock it from the UIDAI website. When you lock your biometrics (fingerprint, iris, and face), they can no longer be used for authentication.
Use VID: The Virtual Identity, or VID, is a system of “Limited KYC” (Know Your Customer). This hides the Aadhaar number from the authenticating agency, while still confirming the identity of the user. This is a 16-digit number, but temporary in nature. So, unlike the permanent 12-digit Aadhaar number, the VID is valid only for some time.
- Question 3 of 5
3. Question
1 pointsSpecial Drawing Rights (SDR) can be used to
- Supplement IMF member countries’ official reserves.
- Settle Balance of Payment transactions
- Fund infrastructure projects
Select the correct answer code:
CorrectSolution: b)
The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies. It cannot be used to fund infrastructure projects as it is not a currency. Same goes for settling domestic financial bills of the government.
SDR allocations can play a role in providing liquidity and supplementing member countries’ official reserves.
IMF member countries can borrow SDRs from its reserves at favourable interest rates, mostly to adjust their balance of payments to favourable positions.
IncorrectSolution: b)
The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies. It cannot be used to fund infrastructure projects as it is not a currency. Same goes for settling domestic financial bills of the government.
SDR allocations can play a role in providing liquidity and supplementing member countries’ official reserves.
IMF member countries can borrow SDRs from its reserves at favourable interest rates, mostly to adjust their balance of payments to favourable positions.
- Question 4 of 5
4. Question
1 pointsConsider the following statements.
- A key pillar of democratic governance is citizens’ power to question the state.
- The Companies Act that mandates corporates to pay at least 2% of their net profits before tax to the development activities is a case of state-driven governance mechanism promoting collaboration among non-state actors.
Which of the above statements is/are correct?
CorrectSolution: c)
Section 135 of the Companies Act mandates corporates who are beyond a certain level of profits and turnover to pay at least 2% of their net profits before tax to the development space. This law gives corporates the necessary impetus to collaborate with non-state actors like Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs). This is a classic case of state-driven governance mechanism promoting collaboration among non-state actors.
A key pillar of democratic governance is citizens’ power to question the state.
IncorrectSolution: c)
Section 135 of the Companies Act mandates corporates who are beyond a certain level of profits and turnover to pay at least 2% of their net profits before tax to the development space. This law gives corporates the necessary impetus to collaborate with non-state actors like Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs). This is a classic case of state-driven governance mechanism promoting collaboration among non-state actors.
A key pillar of democratic governance is citizens’ power to question the state.
- Question 5 of 5
5. Question
1 pointsConsider the following statements.
- Association for Democratic Reforms is a non-partisan, non-governmental organization which works in the area of electoral and political reforms.
- National Election Watch is a mechanism brought out by Election Commission of India to ensure free and fair elections of the 17th Lok Sabha.
Which of the above statements is/are correct?
CorrectSolution: a)
Association for Democratic Reforms is a non-partisan, non-governmental organization which works in the area of electoral and political reforms since 1999.
The National Election Watch (NEW) is a nationwide campaign comprising of more than 1200 NGOs and other citizen led organizations working together on electoral reforms, improving democracy and governance in India. The campaign is active in almost all states of India and has been doing election watches for the State Assembly and Lok Sabha Elections since 2002.
IncorrectSolution: a)
Association for Democratic Reforms is a non-partisan, non-governmental organization which works in the area of electoral and political reforms since 1999.
The National Election Watch (NEW) is a nationwide campaign comprising of more than 1200 NGOs and other citizen led organizations working together on electoral reforms, improving democracy and governance in India. The campaign is active in almost all states of India and has been doing election watches for the State Assembly and Lok Sabha Elections since 2002.
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