QUIZ 30

1-With reference to the ‘Remission of Duties or Taxes on Export Products’ scheme, consider the following statements:

1. It seeks to replace Merchandise Export from India Scheme (MEIS).
2. It is compliant with the WTO rules.

Which of the statements given above is/are correct?

A-1 only

B-2 only

C-Both 1 and 2

D-Neither 1 nor 2

Explanation

• The new scheme viz. Remission of Duties or Taxes on Export Products (RoDTEP) will be implemented from 1^stJanuary 2020 and will replace the existing Merchandise Exports from India Scheme (MEIS). Hence, statement 1 is correct.
• RoDTEP is a WTO-compliant scheme. Hence, option c is the correct answer.

 

2-Which of the following Cabinet Committee is not headed by the Prime Minister of India?

A-Cabinet Committee on Investment and Growth

B-Cabinet Committee on Economic Affairs

C-Cabinet Committee on Parliamentary Affairs

D-Cabinet Committee on Security

Explanation

• The Cabinet Committee on Parliamentary Affairs is headed by the Home Minister. Hence, option C is the correct answer.

 

3-Consider the following pairs

	Constitutional Amendment	Related To
1.	100th Constitutional Amendment Act	Land Boundary Agreement Between India and Bangladesh
2.	101st Constitutional Amendment Act	Goods and Services Tax (GST).
3.	102nd Constitutional Amendment Act	National Commission for Backward Classes.
4.	103rd Constitutional Amendment Act	Economically Weaker Sections (EWS)

Which of the pairs given above is/are correctly matched?

A1 and 3 only

B2 and 4 only

C1, 2 and 3 only

D1, 2, 3 and 4

Explanation

• 100^thConstitutional Amendment Act is related to the land boundary agreement between India and Bangladesh.
• 101^stConstitutional Amendment Act is related to the Goods and Services Tax (GST).
• 102^ndConstitutional Amendment Act is related to the National Commission for Backward Classes.
• 103^rdConstitutional Amendment Act is related to reservation for Economically Weaker Sections (EWS). Hence, option D is the correct answer.

 

4-Recently seen in the news, ‘Torrefaction’ is related to:

AAntibiotic to eliminate Anaemia

BTechnology for water purification

CThermal process to convert biomass into a coal-like material

DChemical process to refine petroleum products

Explanation

• Torrefaction is a thermal process to convert biomass into a coal-like material, which has better fuel characteristics than the original biomass. Hence, option C is the correct answer.

 

5-Consider the following statements:

1. Presently, there is a limit over expenditure incurred by the candidates during elections.
2. Any expenditure beyond the specified limit can lead to disqualification of the candidate by the Election Commission of India.

Which of the statements given above is/are correct?

A-1 only

B-2 only

C-Both 1 and 2

D-Neither 1 nor 2

Explanation

• At present, under Rule 90 of the Conduct of Election Rules, 1961, a candidate contestingLok Sabha polls can spend up to Rs 70 lakh and up to Rs 28 lakh in an assembly election depending on the state in which s/he is contesting polls. Hence, statement 1 is correct.
• Expenditure beyond the cap can lead to disqualification of the candidateby the Election Commission of India (ECI) for up to three years, under Section 10A of the Representation of the People Act, 1951. Hence, statement 2 is correct. Hence, option c is the correct answer.