Daily Current Affair Quiz: 30th October 2019
1. Which of the following statements are true?
1. Companies are required to spend, in every financial year, at least 2% of their average net profits generated during the 3 immediately preceding financial years as CSR.
2. India is one of the first countries in the world to make CSR mandatory for companies following an amendment to the Companies Act, 2013 (Companies Act) in 2014.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- India is one of the first countries in the world to make CSR mandatory for companies following an amendment to the Companies Act, 2013 (Companies Act) in 2014.
- Under the Companies Act, businesses can invest their profits in areas such as promoting rural development in terms of healthcare, sanitation, education including skill development, environmental sustainability, etc.
- Companies are required to spend, in every financial year, at least 2% of their average net profits generated during the 3 immediately preceding financial years.
- For companies that have not completed 3 financial years, average net profits generated in the preceding financial years shall be factored in.
2. Which of the following pairs are rightly matched?
1. Bhitarkanika Mangroves – Odisha
2. Deepor Beel – Meghalaya
3. Chandra Taal – Uttarakhand
(a) 1 only
(b) 1 and 2 only
(c) 1 and 3 only
(d) 1,2 and 3
Ans: a
Justification:
3. Which of the following statements are true?
1. In the appointment of SC judges, the government can send the recommendation of the CJI (or the collegium) back to them for reconsideration.
2. In the appointment of the CJI the government cannot send the recommendation of the CJI (or the collegium) back to them for reconsideration.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- Self Explanatory
4. Which of the following statements are not true?
1. Prime Minister’s Economic Advisory Council is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister.
2. The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint.
3. There is no fixed definition on the exact number of members and staff of the EAC-PM.
(a) 1 and 3
(b) 2 and 3
(c) None of the above
(d) 1,2 and 3
Ans: c
Justification:
- Prime Minister’s Economic Advisory Council is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister.
- The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint.
- It is chaired by a Chairperson and consists of eminent economists as members.
- There is no fixed definition on the exact number of members and staff of the EAC-PM.
- Recent developments – It was recently reconstituted for the period of two years.
- In the council’s earlier terms, there were 5 full time and part time members in total. After the reconstitution, the strength of the council gone upto 7 with 2 full time and 5 part time members.
- Bibek Debroy remains the chairman of the PMEAC and Ratan Watal its Member-Secretary.
5. “Bhashan Char” Island is located at
(a) Arabian sea
(b) Bay of Bengal
(c) Tasman Sea
(d) Persian Gulf
Ans: b
Justification:
- Thousands of Rohingya living in Bangladesh refugee camps have agreed to move to an island named “Bhashan Char” in the Bay of Bengal.
- However, there is a warning that the island emerged from the sea only about two decades ago, might not be able to withstand violent storms during the annual monsoon season.
