Quiz Questions 4 January 2023

Quiz Questions 4 January 2023

#1. Consider the following statements regarding Dividend Distribution Tax: 1)Dividend Distribution Tax (DDT) is the tax imposed by the Government on domestic companies which pay dividends to their investors. 2)DDT is part of and included in the income tax liability of a Company. 3)Dividend distribution tax is not applicable on mutual funds.

Dividend distribution tax is the tax imposed by the Indian Government on Indian companies according to the dividend paid to a company’s investors. Dividend distribution tax is also applicable on mutual funds. DDT is payable separately, over and above the income tax liability of a Company.

#2. Substantive equality adopted by some countries, means that:

The stigma attached to menstruation and restrictions in the private and public sphere for the duration of menstruation have long been part of women’s lives in India.

The notion of menstruating women being “impure”, a notion which targets the physiological feature of being women.

The first ground for rejecting such practices is thus differential treatment, which directly discriminates women on the ground of their sex and is impermissible under Article 14 of the Constitution.

Viewed from another lens, it is also against the notion of substantive equality adopted by the Constitution.

In fact, it supports a more formal notion of equality of ‘separate but equal treatment’.

Substantive equality is a fundamental aspect of human rights law that is concerned with equitable outcomes and equal opportunities for disadvantaged and marginalized people and groups in society.

#3. Consider the following statements regarding New Development Bank: 1)The New Development Bank (NDB) is a multilateral development bank established by the BRICS states. 2)The state governments in India can seek loan assistance from NDB. 3)India is the second largest shareholder of the NDB.

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).

“The Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments.”

Moreover, the NDB “shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank.”

The authorized capital for NDB is $100 Billion while initial subscribed capital is $50 billion.

Initial subscribed capital was equally distributed among the founding members {$10 billion each.

Voting power of each member is equal to the number of its subscribed shares in capital stock.

#4. Shigmo, a harvest festival is mainly celebrated in:

Shigmo, or Shigmotsav, is the celebration of a ‘rich, golden harvest of paddy’ by the tribal communities of Goa.

#5. Consider the following "Incorrect" statement/s regarding Model code of conduct (MCC): 1)This code is based on consensus among political parties. 2)It is part of the Representation of the People Act 1951.

Since it is a code of conduct framed on the basis of a consensus among political parties, it has not been given any legal backing.

Although a committee of Parliament recommended that the code should be made a part of the Representation of the People Act 1951, the ECI did not agree to it on the ground that once it becomes a part of law, all matters connected with the enforcement of the code will be taken to court, which would delay elections.

#6. Consider the following "Incorrect" statements about Wholesale Price Index (WPI) and the Consumer Price Index (CPI) inflation: 1)The weight of food in CPI is far higher than in WPI. 2)Both capture price changes of services. 3)Both are released by Central Statistical Organisation (CSO).

The WPI and the CPI baskets are different, both at the weightage assigned to food, fuel and manufactured items as well as at the brokendown level of these segments.

The weight of food in CPI is higher than in WPI.

The WPI inflation does not capture price changes of services but the CPI does.

WPI inflation is released by Office of the Economic Adviser (OEA), Department for Promotion of Industry and Internal Trade (DPIIT).

CPI for Industrial workers CPI(IW), CPI for Rural Labourers (RL) and CPI for Agricultural Labourers CPI(AL) are compiled by Labour Bureau.

CPI(Urban), CPI(Rural) and CPI Combined are compiled by Central Statistical Organisation (CSO).

#7. Jaapi, Xorai and Gamosa are primarily associated with which state:

Decorative jaapis (field hats), hand-woven gamosas and bell-metal xorais are making frequent appearances in Assam.

#8. The major traits of recession are: 1)There is a general fall in demand 2)Inflation remains lower 3)Employment rate falls 4)Industries resort to price cuts

A recession is a period of decline in general economic activity, typically defined when an economy experiences a decrease in its gross domestic product for two consecutive quarters.

Major traits of recession may be summed up as follows:

there is a general fall in demand as economic activities takes a downturn

inflation remains lower or/and shows further signs of falling down

employment rate falls/unemployment rate grows

Industries resort to ‘price cuts’ to sustain their business.

#9. ShadowPad, recently seen in news is a:

RedEcho, a China-linked activity group, that targets India’s power sector, and facilitates the employment of a malware known as ShadowPad.

ShadowPad is a network intrusion malware affiliated to both the Chinese Ministry of State Security and the People’s Liberation Army.

ShadowPad is depicted as a “back-door ‘Trojan’ malware which creates a secret path from a targeted system to a command and control server to extract information”.

#10. Consider the following "incorrect" statement/s regarding the Nipah Virus: 1)Nipah Virus was 2010 at Kampung Sungai Nipah village, Malaysia. 2)Currently, there are no vaccines for both humans and animals.

According to WHO, the Nipah virus infection is a newly emerging zoonosis, that is, a disease transmitted from animals to humans. The virus belongs to a new genus termed Henipavirus (subfamily Paramyxovirinae).

The natural host of the virus are fruit bats belonging to the family Pteropodidae. In 2004, humans were affected after eating the date palm contaminated by infected fruit bats. Pigs can also act as intermediate hosts.


When was it first reported?

It was first identified in 1998 at Kampung Sungai Nipah village, Malaysia. The virus is named after this village.


What are the symptoms in humans?

The symptoms of Nipah are similar to that of influenza: fever, muscle pain, and respiratory problems. Inflammation of the brain can also cause disorientation. Late onset of Encephalitis can also occur. Sometimes a person can have an asymptomatic infection, and be a carrier of Nipah and not show any symptoms.


Are there any vaccines?

Currently, there are no vaccines for both humans and animals. Intensive supportive care is given to humans infected by Nipah virus.

According to WHO, ribavarin can reduce the symptoms of nausea, vomiting, and convulsions associated with the disease.

Individuals infected need to be hospitalised and isolated.

Special care should be taken to prevent human-to-human transmission.

Surveillance systems should be established to detect the virus quickly and to initiate appropriate control measures.




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