Daily Current Affair Quiz: 13th August 2019
1. Minnamata convention is associated with
(a) Mercury
(b) Lithium
(c) Barium
(d) Tritium
Ans: a
Justification:
- The ‘Minamata Convention’ of Mercury put a ban on new mercury mines, phase-out of existing ones and strict control measures on atmospheric emission.
- There is a global efforts to reduce mercury levels in fish and other marine animals through various environmental regulations.
2. Krishna Wildlife sanctuary is situated at
(a) Andhra Pradesh
(b) Karnataka
(c) Tamil Nadu
(d) Odisha
Ans: a
Justification:
- Krishna Wildlife Sanctuary is a wildlife sanctuary and estuary located in Andhra Pradesh, India. It is one of the rarest eco-regions of the world because it harbors vast tracts of pristine mangrove forests
3. Which of the following statements are true?
1. Repo rate is the rate at which the RBI lends money to commercial banks.
2. A repo rate cut allows banks to reduce interest rates for consumers on loans and lowers EMI on home loans, car loans and personal loans.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
- Public Sector Banks have announced linking their lending and deposit rates to the RBI’s repo rate for facilitating faster transmission.
- The RBI has been looking at various ways in which banks can be made to transmit repo rate cuts to depositors and borrowers.
- One such idea that banks have come up with is ‘repo-linked deposit and lending rates’.
- Earlier SBI linked the interest rate on its savings bank accounts as well as short-term loans to RBI’s repo rate.
4. The ‘Perseids’ is?
(a) Meteor shower
(b) High yield variety of seeds
(c) Crypto currency launched by Microsoft
(d) Second largest moon of Saturn
Ans: a
Justification:
- The ‘Perseids’, are a prolific meteor shower which peak during mid-August, are considered the best meteor shower of the year.
- They are also known for their ‘Fireballs’ and also for their brightest Meteor Shower.
5. Which of the following statements are true?
1. According to the Code on Wages Bill, 2019, the State government is vested with the authority to fix the number of hours that constitute a normal working day.
2. The central government will fix a floor wage, taking into account living standards of workers.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: b
Justification:
- According to the Code, the central government will fix a floor wage, taking into account living standards of workers. Further, it may set different floor wages for different geographical areas. Before fixing the floor wage, the central government may obtain the advice of the Central Advisory Board and may consult with state governments.
- The central or state government may fix the number of hours that constitute a normal working day. In case employees work in excess of a normal working day, they will be entitled to overtime wage, which must be at least twice the normal rate of wages.
