IASbaba Daily Prelims Quiz
UPSC Quiz – 2020: IAS Daily Current Affairs Quiz Day 163
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Question 1 of 5
1. Question
The US-France Tarrif Dispute’ which was in news recently is associated with
Correct
Solution (c)
France imposed a 3 per cent tax on digital revenue earned in the country by tech firms having sales of more than EUR 750 million globally or more than EUR 25 million in France.
American tech giants, such as Google, Amazon, and Apple were hit by the levies.
In retaliation, the Trump administration threatened to place tariffs of up to 100 per cent on USD 2.4 billion of French imports including wine, cheese, and lipstick.
Internationally, efforts have been underway to find out ways to tax tech revenues, since tech companies often pay little tax in countries in which they are not physically present, thanks to older tax regimes.
Apart from France, other countries such as Austria and Italy have introduced plans to tax online sales and advertising revenues. Canada and the UK have also been exploring possibilities to reform their policies.
Read More – https://indianexpress.com/article/explained/explained-what-is-the-us-france-tariff-dispute-over-tech-firms-6228189/
Incorrect
Solution (c)
France imposed a 3 per cent tax on digital revenue earned in the country by tech firms having sales of more than EUR 750 million globally or more than EUR 25 million in France.
American tech giants, such as Google, Amazon, and Apple were hit by the levies.
In retaliation, the Trump administration threatened to place tariffs of up to 100 per cent on USD 2.4 billion of French imports including wine, cheese, and lipstick.
Internationally, efforts have been underway to find out ways to tax tech revenues, since tech companies often pay little tax in countries in which they are not physically present, thanks to older tax regimes.
Apart from France, other countries such as Austria and Italy have introduced plans to tax online sales and advertising revenues. Canada and the UK have also been exploring possibilities to reform their policies.
Read More – https://indianexpress.com/article/explained/explained-what-is-the-us-france-tariff-dispute-over-tech-firms-6228189/
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Question 2 of 5
2. Question
Consider the following statements with respect to a newly discovered virus, called as ‘Wuhan Virus’.
- It causes pneumonia and then doesn’t respond to antibiotic treatment.
- It is very similar to the SARS Virus which was first identified in the Guangdong province in China.
Select the correct statements
Correct
Solution (c)
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China.
The first cases emerged in Wuhan in central China’s Hubei province.
It causes pneumonia and then doesn’t respond to antibiotic treatment
Severe Acute Respiratory Syndrome, also known as SARS, is the other coronavirus that can cause more severe symptoms. First identified in the Guangdong province in southern China, according to the WHO, it causes respiratory problems but can also cause diarrhea, fatigue, shortness of breath, respiratory distress and kidney failure. Depending on the patient’s age, the death rate with SARS ranged from 0-50% of the cases, with older people being the most vulnerable.
Read More – https://indianexpress.com/article/explained/wuhan-virus-mystery-virus-that-has-killed-6-triggered-worry-6228950/
Incorrect
Solution (c)
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China.
The first cases emerged in Wuhan in central China’s Hubei province.
It causes pneumonia and then doesn’t respond to antibiotic treatment
Severe Acute Respiratory Syndrome, also known as SARS, is the other coronavirus that can cause more severe symptoms. First identified in the Guangdong province in southern China, according to the WHO, it causes respiratory problems but can also cause diarrhea, fatigue, shortness of breath, respiratory distress and kidney failure. Depending on the patient’s age, the death rate with SARS ranged from 0-50% of the cases, with older people being the most vulnerable.
Read More – https://indianexpress.com/article/explained/wuhan-virus-mystery-virus-that-has-killed-6-triggered-worry-6228950/
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Question 3 of 5
3. Question
Consider the following statements with respect to ‘Bilateral Investment Treaties (BITs)’
- The world’s first BIT was signed between USA and Russia.
- BITs were initiated by the Government of India in the mid-90s.
Select the correct statements
Correct
Solution (b)
A BIT is entered into between two states, with the aim to protect investments made by a national of either of the states into the other. It affords extra rights to investors and gives them an effective remedy for unlawful actions by host states that cause damage to their investments. The benefit for a foreign investor is that they can feel secure that their investments will be protected. The benefit for a state is that such measures encourage foreign direct investment.
The world’s first BIT was signed on November 25, 1959 between Pakistan and Germany.
BITs were embraced by the Government of India in the mid-90s.
Incorrect
Solution (b)
A BIT is entered into between two states, with the aim to protect investments made by a national of either of the states into the other. It affords extra rights to investors and gives them an effective remedy for unlawful actions by host states that cause damage to their investments. The benefit for a foreign investor is that they can feel secure that their investments will be protected. The benefit for a state is that such measures encourage foreign direct investment.
The world’s first BIT was signed on November 25, 1959 between Pakistan and Germany.
BITs were embraced by the Government of India in the mid-90s.
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Question 4 of 5
4. Question
Which of the following countries is the largest producer of Sugar in the world?
Correct
Solution (c)
Brazil is the largest producer and exporter of sugar, and claims Indian subsidies are inconsistent with global trade rules.
Read More – https://www.thehindu.com/news/national/india-brazil-to-sign-strategic-action-plan/article30618041.ece
Incorrect
Solution (c)
Brazil is the largest producer and exporter of sugar, and claims Indian subsidies are inconsistent with global trade rules.
Read More – https://www.thehindu.com/news/national/india-brazil-to-sign-strategic-action-plan/article30618041.ece
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Question 5 of 5
5. Question
‘Sittwe Port’ is located in
Correct
Solution (c)
Sittwe Port is a deepwater port constructed by India in 2016 at Sittwe, the capital of Rakhine State in Myanmar, on the Bay of Bengal.
Incorrect
Solution (c)
Sittwe Port is a deepwater port constructed by India in 2016 at Sittwe, the capital of Rakhine State in Myanmar, on the Bay of Bengal.