Daily Quiz 9th August 2024
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Question 1 of 5
1. Question
1 pointsLithium is a delicate white-silver alkali metal and the least dense metal. Its applications can be seen in-
1. Metal and ion batteries
2. Digital cameras
3. Heart pacemakers
4. Air-conditioning
5. Anti-depressant medication
Select the correct answer using the codes given below:Correct
Answer: D
Explanation: The government has cancelled the auction for three key mineral blocks, including a lithium mine in Jammu and Kashmir due to insufficient bidders
Option (d) is correct: Lithium was discovered from a mineral, while other common alkali metals were discovered from plant material. It is a soft, silvery metal. It has the lowest density of all metals. It reacts vigorously with water.The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks. A magnesium-lithium alloy is used for armour plating. Aluminium-lithium alloys are used in aircraft, bicycle frames and high-speed trains. Lithium oxide is used in special glasses and glass ceramics. Lithium chloride is one of the most hygroscopic materials known, and is used in air conditioning and industrial drying systems (as is lithium bromide). Lithium stearate is used as an all-purpose and high-temperature lubricant. Lithium carbonate is used in drugs to treat manic depression, although its action on the brain is still not fully understood. Lithium hydride is used as a means of storing hydrogen for use as a fuel. It is used in the treatment of mental illness which includes bipolar disorder. Salt of Lithium is seen as a mood stabilizer and antidepressant.The Lithium Triangle refers to an area in the Andes, straddling Argentina, Bolivia, and Chile, known for its abundant lithium deposits. One of the largest Lithium Resources in the world, the recently discovered lithium deposit is believed to be 5.9 million tonnes and is located in the Salal-Haimana area in the Reasi District of Jammu & Kashmir (UT) according to the Geological Survey of India (GSI).
Incorrect
Answer: D
Explanation: The government has cancelled the auction for three key mineral blocks, including a lithium mine in Jammu and Kashmir due to insufficient bidders
Option (d) is correct: Lithium was discovered from a mineral, while other common alkali metals were discovered from plant material. It is a soft, silvery metal. It has the lowest density of all metals. It reacts vigorously with water.The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks. A magnesium-lithium alloy is used for armour plating. Aluminium-lithium alloys are used in aircraft, bicycle frames and high-speed trains. Lithium oxide is used in special glasses and glass ceramics. Lithium chloride is one of the most hygroscopic materials known, and is used in air conditioning and industrial drying systems (as is lithium bromide). Lithium stearate is used as an all-purpose and high-temperature lubricant. Lithium carbonate is used in drugs to treat manic depression, although its action on the brain is still not fully understood. Lithium hydride is used as a means of storing hydrogen for use as a fuel. It is used in the treatment of mental illness which includes bipolar disorder. Salt of Lithium is seen as a mood stabilizer and antidepressant.The Lithium Triangle refers to an area in the Andes, straddling Argentina, Bolivia, and Chile, known for its abundant lithium deposits. One of the largest Lithium Resources in the world, the recently discovered lithium deposit is believed to be 5.9 million tonnes and is located in the Salal-Haimana area in the Reasi District of Jammu & Kashmir (UT) according to the Geological Survey of India (GSI).
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Question 2 of 5
2. Question
1 pointsConsider the following statements with respect to Performance audits:
- The judiciary has the authority to direct the government to conduct performance audits of its laws.
- The primary focus of performance audit is the accuracy and correctness of accounts.
Which of the statements given above is/are correct?
Correct
Answer: A
Explanation:
- Statement 1 is correct:The Supreme Court of India has reinforced the judiciary’s role in directing the government to perform “performance audits” on statutory laws to assess their real-world impact. The judiciary has the authority and responsibility to direct the government to conduct performance audits of its laws. Such audits can be ordered when there is judicial data or compelling evidence showing that the laws have not achieved their goals.
Statement 2is incorrect:A performance audit evaluates the efficiency, effectiveness, and economy of a government program, law, or project. Unlike financial audits, which focus on accuracy and compliance, performance audits aim to assess. whether the objectives of a law or program are being met and how well resources are being utilised to achieve those goals. Basic difference between the two, while the performance audit focuses on efficiency measurements, financial audit focuses on the accuracy and correctness of accounts.
Incorrect
Answer: A
Explanation:
- Statement 1 is correct:The Supreme Court of India has reinforced the judiciary’s role in directing the government to perform “performance audits” on statutory laws to assess their real-world impact. The judiciary has the authority and responsibility to direct the government to conduct performance audits of its laws. Such audits can be ordered when there is judicial data or compelling evidence showing that the laws have not achieved their goals.
Statement 2is incorrect:A performance audit evaluates the efficiency, effectiveness, and economy of a government program, law, or project. Unlike financial audits, which focus on accuracy and compliance, performance audits aim to assess. whether the objectives of a law or program are being met and how well resources are being utilised to achieve those goals. Basic difference between the two, while the performance audit focuses on efficiency measurements, financial audit focuses on the accuracy and correctness of accounts.
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Question 3 of 5
3. Question
1 pointsWith respect to the financial derivatives, Futures and options, consider the following statements:
- A future gives the buyer the right, but not the obligation, to buy an asset at a specific price at any time during the life of the contract.
- Option holders own the underlying shares until they exercise an option to buy stock.
Which of the statements given above is/are correct?
Correct
Answer: D
Explanation:
- Statement 1 is incorrect:Options and futures are two types of derivatives contracts that derive their value from market movements for the underlying index, security or commodity. An option gives the buyer the right, but not the obligation, to buy (or sell) an asset at a specific price at any time during the life of the contract. A futures contract obligates the buyer to purchase a specific asset, and the seller to sell and deliver that asset, at a specific future date.
Statement 2 is incorrect: Options are financial derivatives. Option holders do not own the underlying shares or enjoy shareholder rights unless they exercise an option to buy stock. There are two kinds of options: Call options and put options. A call option confers the right to buy a stock at the strike price before the agreement expires. A put option gives the holder the right to sell a stock at a specific price.
Incorrect
Answer: D
Explanation:
- Statement 1 is incorrect:Options and futures are two types of derivatives contracts that derive their value from market movements for the underlying index, security or commodity. An option gives the buyer the right, but not the obligation, to buy (or sell) an asset at a specific price at any time during the life of the contract. A futures contract obligates the buyer to purchase a specific asset, and the seller to sell and deliver that asset, at a specific future date.
Statement 2 is incorrect: Options are financial derivatives. Option holders do not own the underlying shares or enjoy shareholder rights unless they exercise an option to buy stock. There are two kinds of options: Call options and put options. A call option confers the right to buy a stock at the strike price before the agreement expires. A put option gives the holder the right to sell a stock at a specific price.
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Question 4 of 5
4. Question
1 pointsWhich of the following is a coalition that was established to expand Iran’s political and military influence and oppose Western influence in the Middle Eastern region?
Correct
Answer: B
Explanation:
Option(b) is correct: The ‘axis of resistance’ was formed in the wake of the Iranian Revolution of 1979 when radical Shia Muslim clerics rose to power in Iran. The coalition was established to expand Iran’s political and military influence in a predominantly Sunni region, counter threats from Israel and the US, and oppose Western influence in the Middle East.Hezbollah, Hamas, the Palestinian Islamic Jihad (PIJ), and the Houthis are some of the major groups in the alliance.
Incorrect
Answer: B
Explanation:
Option(b) is correct: The ‘axis of resistance’ was formed in the wake of the Iranian Revolution of 1979 when radical Shia Muslim clerics rose to power in Iran. The coalition was established to expand Iran’s political and military influence in a predominantly Sunni region, counter threats from Israel and the US, and oppose Western influence in the Middle East.Hezbollah, Hamas, the Palestinian Islamic Jihad (PIJ), and the Houthis are some of the major groups in the alliance.
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Question 5 of 5
5. Question
1 pointsConsider the following statements with respect to the Parliamentary devices:
- Privilege motion is introduced in the Parliament by a member to call the attention of a minister to a matter of urgent public importance.
- Dilatory motion is to delay the progress of a business under consideration of the House.
- Adjournment motion is to revive discussion on a matter that has been discussed in the same session.
Which of the statements given above is/are correct?
Correct
Answer: B
Explanation:
- Statement 1 is incorrect:Privilege motion is concerned with the breach of parliamentary privileges by a minister. It is moved by a member when he feels that a minister has committed a breach of privilege of the House or one or more of its members by withholding facts of a case or by giving wrong or distorted facts. Calling attention motion is introduced in the Parliament by a member to call the attention of a minister to a matter of urgent public importance, and to seek an authoritative statement from him on that matter.
- Statement 2 is correct:Dilatory motion is a motion for the adjournment of the debate on a bill / motion / resolution etc. or a motion to retard or delay the progress of a business under consideration of the House. It can be moved by a member at any time after a motion has been made. The debate on a dilatory motion must be restricted to the matter contained in such motion.
Statement 3 is incorrect: Adjournment motion is introduced in the Parliament to draw attention of the House to a definite matter of urgent public importance, and needs the support of 50 members to be admitted. It should not raise a question of privilege. It should not revive discussion on a matter that has been discussed in the same session. It should not deal with any matter that is under adjudication by court.
Incorrect
Answer: B
Explanation:
- Statement 1 is incorrect:Privilege motion is concerned with the breach of parliamentary privileges by a minister. It is moved by a member when he feels that a minister has committed a breach of privilege of the House or one or more of its members by withholding facts of a case or by giving wrong or distorted facts. Calling attention motion is introduced in the Parliament by a member to call the attention of a minister to a matter of urgent public importance, and to seek an authoritative statement from him on that matter.
- Statement 2 is correct:Dilatory motion is a motion for the adjournment of the debate on a bill / motion / resolution etc. or a motion to retard or delay the progress of a business under consideration of the House. It can be moved by a member at any time after a motion has been made. The debate on a dilatory motion must be restricted to the matter contained in such motion.
Statement 3 is incorrect: Adjournment motion is introduced in the Parliament to draw attention of the House to a definite matter of urgent public importance, and needs the support of 50 members to be admitted. It should not raise a question of privilege. It should not revive discussion on a matter that has been discussed in the same session. It should not deal with any matter that is under adjudication by court.
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