Daily Quiz 1st October 2024
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Question 1 of 5
1. Question
1 pointsFinancial Action Task Force (FATF) has released the Mutual Evaluation Report for India. Consider the following statements with respect to the FATF and its lists:
1. It was established in 1989 during the G20 Summit in Paris to develop policies against money laundering.
2. FATF blacklist includes countries considered safe havens for supporting money laundering and terror funding.
3. Iran and Afghanistan are the two countries on the FATF blacklist.
Which of the statements given above is/are correct?Correct
Answer: B
Explanation:
● Statement 1 is incorrect: FATF is an inter-governmental body that has developed standards to prevent and combat money laundering and terror financing. Headquarters are in Paris, France. It was established in 1989 during the G7 Summit in Paris to develop policies against money laundering. Its members are 40 (38 Countries + 2 Organisations – European Union and Gulf Cooperation Council).
● Statement 2 is correct while Statement 3 is incorrect: FATF greylist includes countries that are considered to have weak anti-money laundering (AML) and counter-terrorism financing (CFT) regimes. This inclusion serves as a warning to the country that it may enter the blacklist. FATF blacklist includes countries considered safe havens for supporting money laundering and terror funding. Presently Iran, North Korea, and Myanmar are currently on the FATF Black List. No financial help is given to those countries by the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and the European Union (EU). India has been placed in the “regular follow-up” category, which is considered favourable.
● Additional Information: The FATF’s report highlighted several areas where India has made progress but also flagged critical areas which need improvement:
o Prosecution and Convictions: There is a need to strengthen prosecution efforts in Money Laundering (ML) and Terror Financing (TF) cases. Between 2018 and 2023, only 28 convictions were secured by the Enforcement Directorate (ED) for money laundering.
o Non-Profit Sector Protection: The report emphasised the importance of safeguarding non-profit organisations from being misused for terrorist financing.
o Preventive Measures Implementation: There are calls for enhanced supervision and implementation of preventive measures across various sectors.Incorrect
Answer: B
Explanation:
● Statement 1 is incorrect: FATF is an inter-governmental body that has developed standards to prevent and combat money laundering and terror financing. Headquarters are in Paris, France. It was established in 1989 during the G7 Summit in Paris to develop policies against money laundering. Its members are 40 (38 Countries + 2 Organisations – European Union and Gulf Cooperation Council).
● Statement 2 is correct while Statement 3 is incorrect: FATF greylist includes countries that are considered to have weak anti-money laundering (AML) and counter-terrorism financing (CFT) regimes. This inclusion serves as a warning to the country that it may enter the blacklist. FATF blacklist includes countries considered safe havens for supporting money laundering and terror funding. Presently Iran, North Korea, and Myanmar are currently on the FATF Black List. No financial help is given to those countries by the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and the European Union (EU). India has been placed in the “regular follow-up” category, which is considered favourable.
● Additional Information: The FATF’s report highlighted several areas where India has made progress but also flagged critical areas which need improvement:
o Prosecution and Convictions: There is a need to strengthen prosecution efforts in Money Laundering (ML) and Terror Financing (TF) cases. Between 2018 and 2023, only 28 convictions were secured by the Enforcement Directorate (ED) for money laundering.
o Non-Profit Sector Protection: The report emphasised the importance of safeguarding non-profit organisations from being misused for terrorist financing.
o Preventive Measures Implementation: There are calls for enhanced supervision and implementation of preventive measures across various sectors. -
Question 2 of 5
2. Question
1 pointsWith respect to the space missions in news recently, consider the following information:
Space mission Country Objective
1. Chang’e 5 China Asteroid study 2. Artemis II USA Humans to Moon 3. Hera Japan Mars Orbit In how many of the above rows is the given information correctly matched?
Correct
Answer: A
Explanation:
- Row 1 is incorrectly matched: The Chang’e 5 mission was a Chinese lunar exploration mission that successfully returned samples from the moon to Earth in December 2020. Recent studies of samples have revealed evidence of volcanic activity on the moon as recently as 116-135 million years ago. It challenges the previous belief that the moon’s volcanic activity ceased about a billion years ago.
- Row 2 is correctly matched: The Artemis program, named after Apollo’s twin sister in Greek mythology, is NASA’s plan to go back to the Moon. It will send humans to the Moon for the first time since 1972, including the first woman and the first person of color. Artemis also includes plans for a longer-term, sustained presence in space that will prepare NASA for eventually sending people even farther – to Mars.
Row 3 is incorrectly matched: Hera is a mission by the European Space Agency to return to the Didymos-Dimorphos asteroid system that NASA’s DART mission visited in 2022. Hera will launch in October 2024, making its way in late 2026 to Didymos and Dimorphos, where it will study physical properties of the asteroids.
Incorrect
Answer: A
Explanation:
- Row 1 is incorrectly matched: The Chang’e 5 mission was a Chinese lunar exploration mission that successfully returned samples from the moon to Earth in December 2020. Recent studies of samples have revealed evidence of volcanic activity on the moon as recently as 116-135 million years ago. It challenges the previous belief that the moon’s volcanic activity ceased about a billion years ago.
- Row 2 is correctly matched: The Artemis program, named after Apollo’s twin sister in Greek mythology, is NASA’s plan to go back to the Moon. It will send humans to the Moon for the first time since 1972, including the first woman and the first person of color. Artemis also includes plans for a longer-term, sustained presence in space that will prepare NASA for eventually sending people even farther – to Mars.
Row 3 is incorrectly matched: Hera is a mission by the European Space Agency to return to the Didymos-Dimorphos asteroid system that NASA’s DART mission visited in 2022. Hera will launch in October 2024, making its way in late 2026 to Didymos and Dimorphos, where it will study physical properties of the asteroids.
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Question 3 of 5
3. Question
1 points. In 2019, MRSA caused over 100,000 deaths. Consider the following statements with respect to MRSA:
- MRSA is a type of bacteria that’s resistant to many antibiotics.
- It spreads in the community through consuming animal products.
- Vancomycin is the only licensed vaccine for MRSA.
Which of the following statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct: Methicillin-resistant Staphylococcus aureus (MRSA) infection is caused by a type of staph bacteria that’s become resistant to many of the antibiotics used to treat ordinary staph infections. Staphylococcus aureus (staph) is a very common germ. About one out of every three people have the germ on their skin or in their nose. This germ does not cause problems for most people.
- Statement 2 is incorrect: Anyone can get a MRSA infection or carry MRSA. The risk increases for people with hospitalizations or nursing home stays, skin-to-skin contact with others (such as in contact sports), and exposure to crowded and unhygienic places. Most methicillin-resistant Staphylococcus aureus (MRSA) infections occur in people who’ve been in hospitals or other health care settings, such as nursing homes and dialysis centers. When it occurs in these settings, it’s known as health care-associated (HA-MRSA). Another type of infection has occurred in the wider community — among healthy people. This form, community-associated (CA-MRSA), often begins as a painful skin boil.
Statement 3 is incorrect: There is no licensed vaccine for methicillin-resistant Staphylococcus aureus (MRSA) yet, but there are ongoing efforts to develop one. Intravenous vancomycin is the drug of choice for most MRSA infections seen in hospitalized patients. It can be used both as empiric and definitive therapy as most MRSA infections are susceptible to vancomycin. Although vancomycin has been the main treatment for 40 years, a new study shows it may not stay effective for long. There are sporadic cases of vancomycin-resistant MRSA.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct: Methicillin-resistant Staphylococcus aureus (MRSA) infection is caused by a type of staph bacteria that’s become resistant to many of the antibiotics used to treat ordinary staph infections. Staphylococcus aureus (staph) is a very common germ. About one out of every three people have the germ on their skin or in their nose. This germ does not cause problems for most people.
- Statement 2 is incorrect: Anyone can get a MRSA infection or carry MRSA. The risk increases for people with hospitalizations or nursing home stays, skin-to-skin contact with others (such as in contact sports), and exposure to crowded and unhygienic places. Most methicillin-resistant Staphylococcus aureus (MRSA) infections occur in people who’ve been in hospitals or other health care settings, such as nursing homes and dialysis centers. When it occurs in these settings, it’s known as health care-associated (HA-MRSA). Another type of infection has occurred in the wider community — among healthy people. This form, community-associated (CA-MRSA), often begins as a painful skin boil.
Statement 3 is incorrect: There is no licensed vaccine for methicillin-resistant Staphylococcus aureus (MRSA) yet, but there are ongoing efforts to develop one. Intravenous vancomycin is the drug of choice for most MRSA infections seen in hospitalized patients. It can be used both as empiric and definitive therapy as most MRSA infections are susceptible to vancomycin. Although vancomycin has been the main treatment for 40 years, a new study shows it may not stay effective for long. There are sporadic cases of vancomycin-resistant MRSA.
-
Question 4 of 5
4. Question
1 pointsConsider the following sectors:
- Agriculture, forestry, and fishing
- Mining and quarrying
- Manufacturing
- Transfer payments and windfall gains
- Public administration and defense
How many of the above sectors are considered in calculating GDP by the income method in India?
Correct
Answer: C
Explanation: The current GDP series with the base year of 2011-12, is due for revision, with 2020-21 proposed as the new base year. The National Statistical Office (NSO) is considering using Goods and Services Tax (GST) data to estimate value addition for the next GDP revision.
- Option (c) is correct: The GDP in India is calculated using two different methods, leading to different figures that are nonetheless close in range. The first method is based on economic activity (at factor cost), and the second is based on expenditure (at market prices). This approach sums up all incomes earned by factors of production within the economy. The formula is: GDP=GVA at factor cost+Taxes−Subsidies It accounts for wages, rents, interests, and profits generated in the economy. The factor cost figure is calculated by collecting data for the net change in value for each sector during a particular time period. The following eight industry sectors are considered in this cost.
- Agriculture, forestry, and fishing
- Mining and quarrying
- Manufacturing
- Electricity, gas, water supply, and other utility services
- ConstructionTrade, hotels, transport, communication, and broadcasting
- Financial, real estate, and professional services
- Public administration, defense, and other services.
The following sectors are not included in calculating GDP by the income method: Unpaid work, black market activities, Transfer payments, sale of used goods and windfall gains.
Incorrect
Answer: C
Explanation: The current GDP series with the base year of 2011-12, is due for revision, with 2020-21 proposed as the new base year. The National Statistical Office (NSO) is considering using Goods and Services Tax (GST) data to estimate value addition for the next GDP revision.
- Option (c) is correct: The GDP in India is calculated using two different methods, leading to different figures that are nonetheless close in range. The first method is based on economic activity (at factor cost), and the second is based on expenditure (at market prices). This approach sums up all incomes earned by factors of production within the economy. The formula is: GDP=GVA at factor cost+Taxes−Subsidies It accounts for wages, rents, interests, and profits generated in the economy. The factor cost figure is calculated by collecting data for the net change in value for each sector during a particular time period. The following eight industry sectors are considered in this cost.
- Agriculture, forestry, and fishing
- Mining and quarrying
- Manufacturing
- Electricity, gas, water supply, and other utility services
- ConstructionTrade, hotels, transport, communication, and broadcasting
- Financial, real estate, and professional services
- Public administration, defense, and other services.
The following sectors are not included in calculating GDP by the income method: Unpaid work, black market activities, Transfer payments, sale of used goods and windfall gains.
-
Question 5 of 5
5. Question
1 pointsConsider the following statements:
Statement-I:
Body Mass Index (BMI) provides a view of health risks associated with body fat distribution and particularly visceral fat around internal organs.
Statement-II
BMI is calculated by dividing a person’s weight in kilograms by their height in metres squared.
Which one of the following is correct in respect of the above statements?
Correct
Answer: D
Explanation:
- Statement I is incorrect: The discussion surrounding the effectiveness of Body Mass Index (BMI) as a health metric has led to the emergence of the Body Roundness Index (BRI), which aims to provide a more accurate assessment of health risks associated with body composition. BRI measures body roundness based on waist circumference and height. BRI is designed to better reflect body shape and fat distribution, addressing the limitations of BMI. BRI provides a more nuanced view of health risks associated with body fat distribution, particularly visceral fat around internal organs.
Statement II is correct: BMI is calculated by dividing a person’s weight in kilograms by their height in metres squared. It does not differentiate between fat, muscle, and water weight. It fails to account for fat distribution in the body, which can lead to misleading assessments of health. It was created using data primarily from 19th-century Europeans, making it less applicable to diverse ethnic groups. BMI assumes bodies are cylindrical.
Incorrect
Answer: D
Explanation:
- Statement I is incorrect: The discussion surrounding the effectiveness of Body Mass Index (BMI) as a health metric has led to the emergence of the Body Roundness Index (BRI), which aims to provide a more accurate assessment of health risks associated with body composition. BRI measures body roundness based on waist circumference and height. BRI is designed to better reflect body shape and fat distribution, addressing the limitations of BMI. BRI provides a more nuanced view of health risks associated with body fat distribution, particularly visceral fat around internal organs.
Statement II is correct: BMI is calculated by dividing a person’s weight in kilograms by their height in metres squared. It does not differentiate between fat, muscle, and water weight. It fails to account for fat distribution in the body, which can lead to misleading assessments of health. It was created using data primarily from 19th-century Europeans, making it less applicable to diverse ethnic groups. BMI assumes bodies are cylindrical.
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