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Daily Quiz – 1 Mar
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Daily Quiz – 1 Mar
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Question 1 of 6
1. Question
With reference to the Navi Mumbai SEZ recently appeared in the news which one of the following statements are Correct
1.The Maharashtra government allowed Navi Mumbai SEZ promoters to convert the special economic zone into an integrated industrial area.
2.The SEZ will be able to use up to 15% of the total leased land —1,842 hectares at present—for residential purposes and the remaining 85% for industrial use.Correct
Explanation:
Navi Mumbai Special Economic Zone Pvt. Ltd—promoted by Reliance Industries Ltd chairman Mukesh Ambani, Jai Corp. India, SKIL Infrastructure Ltd and City and Industrial Development Corp (CIDCO)—will be developed in phases and be open to industrial units in 2019, two officials aware of the development said.
On Tuesday, the Maharashtra government allowed Navi Mumbai SEZ promoters to convert the SEZ into an integrated industrial area. The SEZ is proposed to be developed over 2,140 hectares in Dronagiri, Ulwe, and Kalamboli nodes in Navi Mumbai.
“The intention is to get industries. In another two to three months, we will complete the approval process and documentation. We will then develop the area for all kinds of industries to come and set up shop,” one of the officials cited above said, speaking on condition of anonymity.
Following the government’s decision, the SEZ will be able to use up to 15% of the total leased land—1,842 hectares at present—for residential purposes and the remaining 85% for industrial use.Incorrect
Explanation:
Navi Mumbai Special Economic Zone Pvt. Ltd—promoted by Reliance Industries Ltd chairman Mukesh Ambani, Jai Corp. India, SKIL Infrastructure Ltd and City and Industrial Development Corp (CIDCO)—will be developed in phases and be open to industrial units in 2019, two officials aware of the development said.
On Tuesday, the Maharashtra government allowed Navi Mumbai SEZ promoters to convert the SEZ into an integrated industrial area. The SEZ is proposed to be developed over 2,140 hectares in Dronagiri, Ulwe, and Kalamboli nodes in Navi Mumbai.
“The intention is to get industries. In another two to three months, we will complete the approval process and documentation. We will then develop the area for all kinds of industries to come and set up shop,” one of the officials cited above said, speaking on condition of anonymity.
Following the government’s decision, the SEZ will be able to use up to 15% of the total leased land—1,842 hectares at present—for residential purposes and the remaining 85% for industrial use. -
Question 2 of 6
2. Question
According to EIU Democracy Index over vigilantism, violence the place of India is
Correct
Explanation:
India has also become a more dangerous place for journalists, especially the central state of Chhattisgarh and the northern state of Jammu and KashmirIndia has slipped to 42nd place on an annual Global Democracy Index amid “rise of conservative religious ideologies” and increase in vigilantism and violence against minorities as well as other dissenting voices.
Incorrect
Explanation:
India has also become a more dangerous place for journalists, especially the central state of Chhattisgarh and the northern state of Jammu and KashmirIndia has slipped to 42nd place on an annual Global Democracy Index amid “rise of conservative religious ideologies” and increase in vigilantism and violence against minorities as well as other dissenting voices.
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Question 3 of 6
3. Question
According to the Researchers about Indus Script recently appeared in the news which of the following statements are correct
1. Indus script was written from right to left.
2. Researchers used statistical indices to measure variations in letters.Correct
Explanation:
Two scientists working at The Institute of Mathematical Sciences, Chennai, (IMSc) have figured out a way to computationally estimate whether a language is written from left to right or otherwise. Most interestingly, they have studied the Indus script and calculated that it must flow from right to left.Incorrect
Explanation:
Two scientists working at The Institute of Mathematical Sciences, Chennai, (IMSc) have figured out a way to computationally estimate whether a language is written from left to right or otherwise. Most interestingly, they have studied the Indus script and calculated that it must flow from right to left. -
Question 4 of 6
4. Question
With reference to India’s Ballistic Missile Defense (BMD), consider the following statements:
1.Advance Air Defense (AAD) is exo-atmospheric interception system.
2.Prithvi Air Defense (PAD) PAD is a two-stage missile with a maximum interception altitude of 80 km (50 mi).
Which of the above statement(s) is/are correct?
Correct
Explanation:India seeks to deploy a functional iron dome BMD incorporating both low attitude and high attitude interceptor missiles. The two tiers of India’s BMD are (PAD) Prithvi Defense & Advance Air Defense respectively (AAD). AAD is endo-atmospheric interception system or for low altitude up to 30km. Thus, statement 1 is incorrect.
PAD is designed for high attitude interception or exo-atmospheric interception. It has a maximum interception altitude of 80 km (50 mi) . Thus, statement 2 is correct.
Incorrect
Explanation:India seeks to deploy a functional iron dome BMD incorporating both low attitude and high attitude interceptor missiles. The two tiers of India’s BMD are (PAD) Prithvi Defense & Advance Air Defense respectively (AAD). AAD is endo-atmospheric interception system or for low altitude up to 30km. Thus, statement 1 is incorrect.
PAD is designed for high attitude interception or exo-atmospheric interception. It has a maximum interception altitude of 80 km (50 mi) . Thus, statement 2 is correct.
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Question 5 of 6
5. Question
The Union Budget 2018 has reduced the corporate tax rate for companies with an annual turnover of up to Rs250 crore to ___________
Correct
Explanation: Budget 2018 has reduced the corporate tax rate for companies with an annual turnover of up to Rs250 crore to 25%. The announcement was made by finance minister Arun Jaitley in his budget speech in Parliament.
This move is expected to benefit the micro, small and medium enterprises (MSMEs) but will disappoint big corporates that were hoping that the corporate tax cut will be across the board, in line with the finance minister’s earlier promise of reducing the tax rate to 25%, accompanied by a complete phasing out of exemptions.Incorrect
Explanation: Budget 2018 has reduced the corporate tax rate for companies with an annual turnover of up to Rs250 crore to 25%. The announcement was made by finance minister Arun Jaitley in his budget speech in Parliament.
This move is expected to benefit the micro, small and medium enterprises (MSMEs) but will disappoint big corporates that were hoping that the corporate tax cut will be across the board, in line with the finance minister’s earlier promise of reducing the tax rate to 25%, accompanied by a complete phasing out of exemptions. -
Question 6 of 6
6. Question
According to the Budget 2018, which are the Insurance companies that are going to be merged and launch IPO
Correct
Explanation:
Three public sector insurance companies—The Oriental Insurance Co. Ltd, National Insurance Co. Ltd, and United India Insurance Co. Ltd— will be merged into a single insurance company and listed on the bourses, finance minister Arun Jaitley announced in the Union Budget on Thursday.The merging of the three state-run insurers will lead to the creation of a mammoth organization, and will be a key part of the government’s divestment target of Rs80,000 crore set for fiscal year 2018-19.
Incorrect
Explanation:
Three public sector insurance companies—The Oriental Insurance Co. Ltd, National Insurance Co. Ltd, and United India Insurance Co. Ltd— will be merged into a single insurance company and listed on the bourses, finance minister Arun Jaitley announced in the Union Budget on Thursday.The merging of the three state-run insurers will lead to the creation of a mammoth organization, and will be a key part of the government’s divestment target of Rs80,000 crore set for fiscal year 2018-19.