Daily Current Affairs Quiz: 16th July 2019
1. Which of the following statements are true:
1. National Investigation Agency (NIA) acts as the Central Counter Terrorism Law Enforcement Agency.
2. It functions under Ministry of Law and Justice.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans:a
Justification:
- The National Investigation Agency (NIA) has been constituted under the NIA Act, 2008.
- It was set up in 2009 in the wake of the Mumbai terror attack.
- It acts as the Central Counter Terrorism Law Enforcement Agency.
- It functions under Ministry of Home Affairs.
2. Which of the following statements are true:
1. Right to form a ‘Cooperative Society’ is a ‘Fundamental Right.’
2. Cooperative Societies’ is a State Subject.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans:c
Justification:
- A co-operative society is a voluntary association of individuals having common needs who join hands for the achievement of common economic interest.
- A Co-operative Society can be formed as per the provisions of the Co-operative Societies Act, 1912.
- It is a Central Act. However, ‘Cooperative Societies’ is a State Subject.
- Right to form a ‘Cooperative Society’ is made a ‘Fundamental Right’ under 97th Constitutional Amendment Act, 2011.
3. Multidimensional Poverty Index (MPI) is published by
(a) UNDP
(b) International Poverty Research Institute
(c) World Bank
(d) IMF
Ans:a
Justification:
- Global MPI report for 2019, released by UN Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
- It is an international measure of acute multidimensional poverty covering over 100 developing countries.
4. Which of the following statements are true:
1. Merchant Discount Rate (MDR) is a fee charged by a bank to a merchant for payment processing services from customers on debit and credit card transactions.
2. To give a push to digital payments adoption, government has proposed no charge on merchant discount rate for companies with over Rs 50 cr turnover accepting payments digitally.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans:c
Justification:
- It is a fee charged by a bank to a merchant for payment processing services from customers on debit and credit card transactions.
- It is also referred to as the ‘Transaction Discount Rate’ or TDR.
- To give a push to digital payments adoption, government has proposed no charge or merchant discount rate for companies with over Rs 50 cr turnover accepting payments digitally
- The MDR will instead be borne by supporting banks and the Reserve Bank of India.
- Necessary amendments are being made in the Income Tax Act and the Payments and Settlement Systems Act, 2007 to give effect to these provisions.
5. Which of the following are the protection status of Great Indian Bustard?
1. Schedule I of the Indian Wildlife (Protection)Act, 1972
2. Appendix II of CITES
3. Endangered on the IUCN Red List
(a) 1 only
(b) 1 and 2 only
(c) 3 only
(d) 1,2 and 3
Ans: a
Justification:
- The Environment Ministry initiated a project to save the ‘Great Indian bustard’.
- With just 130 great Indian bustards left in the country, this project focuses on their conservation and protection.
- It is a Centrally Sponsored Scheme.
- Key Facts about Great Indian bustard,
- Schedule I of the Indian Wildlife (Protection)Act, 1972
- Appendix I of CITES
- Critically Endangered on the IUCN Red List
- Habitat – Found in the Indian-subcontinent
