Daily Quiz 31 August 2024
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Question 1 of 5
1. Question
1 pointsWith respect to the Financial market, a rights issue is-
Correct
Answer: D
Explanation: Recently SEBI has released a consultation paper on the Rights Issue of shares proposing some changes.
- Option (d) is correct: A rights issue is when a company invites its current shareholders to buy more shares at a discount. Existing Shareholders get rights to purchase these new shares at a lower price than the market rate, which helps the company raise more money without bringing in new outside investors. Only the existing shareholders of the company would have the right to buy the shares.
Initial Public Offers (IPOs) is the process by which a company issues shares for the first time to raise money. Offer for Sale (OFS) enables promoters of a company to sell their shares; No new issuance of shares. Private Placement raises capital from certain selected investors only.
Incorrect
Answer: D
Explanation: Recently SEBI has released a consultation paper on the Rights Issue of shares proposing some changes.
- Option (d) is correct: A rights issue is when a company invites its current shareholders to buy more shares at a discount. Existing Shareholders get rights to purchase these new shares at a lower price than the market rate, which helps the company raise more money without bringing in new outside investors. Only the existing shareholders of the company would have the right to buy the shares.
Initial Public Offers (IPOs) is the process by which a company issues shares for the first time to raise money. Offer for Sale (OFS) enables promoters of a company to sell their shares; No new issuance of shares. Private Placement raises capital from certain selected investors only.
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Question 2 of 5
2. Question
1 pointsConsider the following statements with respect to the Himalayan Yak:
- They are endemic to the Tibetan Plateau andcan tolerate temperatures as low as-40 degrees Celsius.
- In India, the animal is restricted to the Ladakh region.
- The wild species of Himalayan yak is classified as critically endangered by the IUCN.
- The Food Safety and Standard Authority of India (FSSAI) has removed theHimalayan Yak from the list of a ‘food animal’.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct while statement 2 is incorrect: The Yak belongs to the Bovini tribe, which also includes bison, buffaloes, and cattle.It can tolerate temperatures as low as-40 degrees Celsius. They are endemic to the Tibetan Plateau and the adjacent high-altitude regions. The yak-rearing states of India are Arunachal Pradesh, Sikkim, Uttarakhand, Himachal Pradesh and Jammu & Kashmir.
- Statement 3 is incorrect: As of June 2024, the International Union for Conservation of Nature (IUCN) Red List lists the wild yak (Bosmutus) as vulnerable. The yak was previously classified as endangered, but was downlisted in 1996.
CITES: Appendix I
Indian WildLife (Protection) Act of 1972: Schedule I
Statement 4 is incorrect: The Food Safety and Standard Authority of India (FSSAI) in 2022 approved the Himalayan Yak as a ‘food animal’. The move is expected to help check decline in the population of the high-altitude bovine animal by making it a part of the conventional milk and meat industry. Food Animals are raised and used for food production or consumption by humans.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct while statement 2 is incorrect: The Yak belongs to the Bovini tribe, which also includes bison, buffaloes, and cattle.It can tolerate temperatures as low as-40 degrees Celsius. They are endemic to the Tibetan Plateau and the adjacent high-altitude regions. The yak-rearing states of India are Arunachal Pradesh, Sikkim, Uttarakhand, Himachal Pradesh and Jammu & Kashmir.
- Statement 3 is incorrect: As of June 2024, the International Union for Conservation of Nature (IUCN) Red List lists the wild yak (Bosmutus) as vulnerable. The yak was previously classified as endangered, but was downlisted in 1996.
CITES: Appendix I
Indian WildLife (Protection) Act of 1972: Schedule I
Statement 4 is incorrect: The Food Safety and Standard Authority of India (FSSAI) in 2022 approved the Himalayan Yak as a ‘food animal’. The move is expected to help check decline in the population of the high-altitude bovine animal by making it a part of the conventional milk and meat industry. Food Animals are raised and used for food production or consumption by humans.
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Question 3 of 5
3. Question
1 pointsConsider the following statements with respect to the Civil Services Board:
- It is headed by the President at the national level and State Governors at the state level.
- It is mandatory for all states to set up the civil services board.
- It provides for the state to follow Centre’s guidelines on giving a fixed tenure of at least two years for cadre officers.
Which of the statements given above is/are correct?
Correct
Answer: C
Explanation:
- Statement 1 is incorrect: The Civil Services Board (CSB) is a panel formed to regulate transfers and postings of higher-ranking civil services officers in the country. It is headed by the cabinet secretary at the national level and chief secretaries at the state level.
- Statement 2 is correct:The Department of Personnel Rules 2016 made it mandatory for all states to set up such boards, following the recommendations of the Hota Committee (2004), 2nd ARC and SC judgement in T S R Subramanian and others v. Union of India case, 2013.
- Statement 3 is correct: The CSB provides for the state to follow Centre’s guidelines on giving a fixed tenure of at least two years for cadre officers. If anyone recommends the transfer of the officers before the completion of tenure, then the board will examine and effect it. The final authority in this regard is the Chief Minister.
Incorrect
Answer: C
Explanation:
- Statement 1 is incorrect: The Civil Services Board (CSB) is a panel formed to regulate transfers and postings of higher-ranking civil services officers in the country. It is headed by the cabinet secretary at the national level and chief secretaries at the state level.
- Statement 2 is correct:The Department of Personnel Rules 2016 made it mandatory for all states to set up such boards, following the recommendations of the Hota Committee (2004), 2nd ARC and SC judgement in T S R Subramanian and others v. Union of India case, 2013.
- Statement 3 is correct: The CSB provides for the state to follow Centre’s guidelines on giving a fixed tenure of at least two years for cadre officers. If anyone recommends the transfer of the officers before the completion of tenure, then the board will examine and effect it. The final authority in this regard is the Chief Minister.
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Question 4 of 5
4. Question
1 pointsConsider the following statements:
Statement-I:
The Indian government has been fixing lower prices for ethanol produced from B-heavy molasses since 2018 to incentivize the use of alternate agricultural products.
Statement-II
Ethanol blending refers to the process of mixing a motor fuel with ethanol, which is to be sourced from agricultural products.
Which one of the following is correct in respect of the above statements?
Correct
Answer: D
Explanation: The Ministry of Consumer Affairs, Food and Public Distribution directed all mills and distilleries not to use sugarcane juice/syrup for making any ethanol due to low sugar stocks.
- Statement I isincorrect: The Indian government has been fixing higher prices for ethanol produced from B-heavy molasses since 2018 to incentivize the use of alternative feedstocks and compensate mills for reduced sugar production. The government’s differential pricing policy aims to increase ethanol production and reduce disruption to the ethanol blending program.
Statement II is correct:Ethanol blending is the process of mixing ethanol with gasoline to create a motor fuel. Ethanol is a renewable biofuel made from plant materials like corn, sugar cane, or cellulosic biomass. It’s at least 99% pure and contains oxygen, which helps engines burn fuel more completely and produce fewer emissions. The Ethanol Blending Programme is a government initiative to promote ethanol-blended petrol as an alternative to conventional petrol. Under this programme, a certain percentage of ethanol is blended with petrol to reduce the consumption of fossil fuels and curb carbon emissions.
Incorrect
Answer: D
Explanation: The Ministry of Consumer Affairs, Food and Public Distribution directed all mills and distilleries not to use sugarcane juice/syrup for making any ethanol due to low sugar stocks.
- Statement I isincorrect: The Indian government has been fixing higher prices for ethanol produced from B-heavy molasses since 2018 to incentivize the use of alternative feedstocks and compensate mills for reduced sugar production. The government’s differential pricing policy aims to increase ethanol production and reduce disruption to the ethanol blending program.
Statement II is correct:Ethanol blending is the process of mixing ethanol with gasoline to create a motor fuel. Ethanol is a renewable biofuel made from plant materials like corn, sugar cane, or cellulosic biomass. It’s at least 99% pure and contains oxygen, which helps engines burn fuel more completely and produce fewer emissions. The Ethanol Blending Programme is a government initiative to promote ethanol-blended petrol as an alternative to conventional petrol. Under this programme, a certain percentage of ethanol is blended with petrol to reduce the consumption of fossil fuels and curb carbon emissions.
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Question 5 of 5
5. Question
1 pointsConsider the following statements:
Statement-I:
Oral Polio Vaccine can cause Polio in vaccinated individuals in communities with low sanitation and immunity levels.
Statement-II
Oral Polio vaccine contains a weakened virus which replicates in the intestines and triggers the body’s immune response without causing the disease.
Which one of the following is correct in respect of the above statements?
Correct
Answer: A
Explanation: A two-year-old child in Tikrikilla, Meghalaya has been infected with vaccine-derived polio.
- Statement I is correct: A vaccine-derived poliovirus (VDPV) is a strain related to the weakened live poliovirus contained in oral polio vaccine (OPV). If allowed to circulate in under- or unimmunized populations for long enough, or replicate in an immunodeficient individual, the weakened virus can revert to a form that causes illness and paralysis.
- Statement II is correct:OPV is a safe and effective vaccine that contains a combination of one, two, or three strains of live, weakened poliovirus, and is given in the form of oral drops. This virus replicates in the intestines and triggers the body’s immune response without causing the disease.
Statement II is the correct explanation of Statement I:After vaccination, the weakened virus is excreted in the stool. In areas with poor sanitation and low immunization coverage, this virus can spread to others in the community. If the excreted virus continues to circulate in an under-immunized population, it can undergo genetic changes over time. These changes may lead the virus to revert to a form capable of causing paralysis, similar to the wild poliovirus. VDPVs can cause outbreaks in places where vaccine coverage is low. In addition, people with certain immunodeficiency disorders can shed the virus for long periods of time, during which the virus can continue to change and can infect an unvaccinated person.
Incorrect
Answer: A
Explanation: A two-year-old child in Tikrikilla, Meghalaya has been infected with vaccine-derived polio.
- Statement I is correct: A vaccine-derived poliovirus (VDPV) is a strain related to the weakened live poliovirus contained in oral polio vaccine (OPV). If allowed to circulate in under- or unimmunized populations for long enough, or replicate in an immunodeficient individual, the weakened virus can revert to a form that causes illness and paralysis.
- Statement II is correct:OPV is a safe and effective vaccine that contains a combination of one, two, or three strains of live, weakened poliovirus, and is given in the form of oral drops. This virus replicates in the intestines and triggers the body’s immune response without causing the disease.
Statement II is the correct explanation of Statement I:After vaccination, the weakened virus is excreted in the stool. In areas with poor sanitation and low immunization coverage, this virus can spread to others in the community. If the excreted virus continues to circulate in an under-immunized population, it can undergo genetic changes over time. These changes may lead the virus to revert to a form capable of causing paralysis, similar to the wild poliovirus. VDPVs can cause outbreaks in places where vaccine coverage is low. In addition, people with certain immunodeficiency disorders can shed the virus for long periods of time, during which the virus can continue to change and can infect an unvaccinated person.
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