UPSC Quiz – 2019 : IASbaba’s Daily Current

Affairs Quiz [Day 142]

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Q.1) Consider the following statements with respect to ‘Equatorial Electrojet’

1. It is a naturally occurring flow of current approximately 100 kilometers above the Earth’s surface.
2. The westward movement of the electrons constitutes an eastward electric current which is called the Equatorial Electrojet.

Select the correct statements

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.2) ‘SRPHi’ was launched by

1. RBI
2. NITI Aayog
3. CIPAM
4. AISHE

Q.3) Which of the following statements is/are correct?

1. Masala Bonds are rupee-denominated borrowings issued by Indian entities in overseas markets.
2. A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People’s Republic of China.

Select the correct code:

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.4) Government announces minimum support prices (MSPs) for

1. Copra
2. Groundnut
3. Jute
4. Wheat

Select the correct code:

1. 1, 2 and 3
2. 2, 3 and 4
3. 1, 3 and 4
4. All of the above

Q.5) With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non – resident entities, which of the following statements is/are correct?

1. It is introduced as a part of the Income Tax Act.
2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements.”

Select the correct answer using the code given below:

1. 1 Only
2. 2 Only
3. Both 1 & 2
4. Neither 1 nor 2

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All the Best 

IASbaba