Daily Current Affair Quiz: 21st Feb 2020
1. Which of the following statements are true?
1. Mizoram shares the International Border with Myanmar and Bangladesh.
2. It has the highest concentration (percentage) of tribal population among all states of India.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- Mizoram shares the International Border with Myanmar and Bangladesh.
- It has the highest concentration (percentage) of tribal population among all states of India.
- According to the India State of Forest Report (ISFR) 2019, Mizoram has the maximum forest cover as a percentage of their own geographical area at (85.4%).
2. Base erosion and profit shifting refers to
(a) Reduced Indirect Tax buoyancy
(b) Tax Avoidance
(c) FDI Challenges
(d) GDP Calculation defaults
Ans: b
Justification:
- Base erosion and profit shifting refers to corporate tax planning strategies used by multinationals to “shift” profits from higher-tax jurisdictions to lower-tax jurisdictions, thus “eroding” the “tax-base” of the higher-tax jurisdictions.
3. Which of the following statements are true
1. The leverage ratio is the proportion of debts that a bank has compared to its equity/capital.
2. The Basel Committee on Banking Supervision (BCBS) has set the minimum requirement for leverage ratio at 3%.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- The leverage ratio is the proportion of debts that a bank has compared to its equity/capital. There are different leverage ratios such as. Debt to Equity = Total debt / Shareholders Equity.
- The banks are expected to maintain a leverage ratio in excess of 3% under Basel III.
4. Which of the following statement/s is/are true.
1. VAJRA Faculty Scheme is to bring a strong international connect to the R&D ecosystem of India.
2. The scheme offers adjunct / visiting faculty assignments to overseas scientists, faculty members and R&D professionals including Non-resident Indians (NRI) and Overseas Citizen of India (OCI) to undertake high quality collaborative research in Public funded academic and research Institutions of India.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- VAJRA Faculty Scheme is to bring a strong international connect to the R&D ecosystem of India. The scheme offers adjunct / visiting faculty assignments to overseas scientists, faculty members and R&D professionals including Non-resident Indians (NRI) and Overseas Citizen of India (OCI) to undertake high quality collaborative research in Public funded academic and research Institutions of India.
5. Global Value Chain Development Report 2019 is published in collaboration with
(a) ASEAN
(b) IMF
(c) World Bank Group
(d) SCO
Answer: c
Justification:
- The report is co-published by The World Bank Group, The World Trade Organization (WTO), the Organisation for Economic Co-operation and Development (OECD), the Institute of Developing Economies (IDE-JETRO) and the Research Center of Global Value Chains of the University of International Business and Economics (UIBE). It is the second in the series Global Value Chain Development Report, the first published in 2017.
