Daily Current Affair Quiz: 13th August 2020
by
Mentors4ias
·
August 13, 2020
1. Which of the following statements are true?
1. Indian Labour Conference is also known as the Labour Parliament of the country
2. It is the apex level tripartite (Trade Union, employer and government) consultative committee in the Ministry of Labour & Employment to advise the Government on the issues concerning working class of the country.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Indian Labour Conference is also known as the Labour Parliament of the country. • It is the apex level tripartite (Trade Union, employer and government) consultative committee in the Ministry of Labour & Employment to advise the Government on the issues concerning working class of the country.
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All the 12 Central Trade Union Organisations, Central Organisations of employers, all State Governments and Union Territories and Central Ministries/Departments concerned with the agenda items, are the members of the ILC.
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The first ILC (termed that time as tripartite National labour conference) was held in 1942 and was envisaged to bring workers’ and employers’ representatives together to help in the World War II allied efforts.
2. Project ReWeave was launched by?
(a) Microsoft
(b) Facebook
(c) Twitter
(d) Amazon
Ans: a
Justification:
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Microsoft India launched a new e-commerce platform re-weave.in, under its Project ReWeave. • The e-commerce platform hosts signature collections created by the weaver communities, showcases traditional designs and products created from natural dyes. Under the project, Microsoft India also helps weavers with working capital support.
3. Which of the following statement/s is/are true?
1. Shell companies typically refer to companies without active business operations or significant assets
2. Shell companies are different from dormant companies.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Shell companies typically refer to companies without active business operations or significant assets.
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In India Shell companies are not defined under Companies Act, 2013 or any other legislation. Shell companies are different from dormant companies.
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A dormant company is a company which has chosen to get a ‘dormant’ status from the Registrar of companies in compliance with the requirements under Section 455 of Companies Act 2013 or the company has not filed annual returns for two financial years consecutively.
4. Which of the following statement/s is/are true?
1. All the drugs under National List of Essential Medicines (NLEM) given by Health Ministry are automatically subject to price control.
2. National Pharmaceutical Pricing Authority (NPPA) fixes prices of formulations and monitors its compliance.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Drugs (Price Control) Orders [DPCO] under Essential Commodities Act 1955 aim to regulate the prices of bulk drugs and their formulations to make them more affordable. National Pharmaceutical Pricing Policy (NPPP) 2012 put in place a regulatory framework for pricing of drugs.
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NPPP was implemented through Drugs (Prices Control) Order 2013 [DPCO 2013]. The list of essential medicines, along with dosages & strengths, are included in Schedule-1 of DPCO & are subject to price ceilings. o All the drugs under National List of Essential Medicines (NLEM) given by Health Ministry are automatically subject to price control. o Under NLEM 2015, a total 376 drugs are under price control.
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National Pharmaceutical Pricing Authority (NPPA) fixes prices of formulations and monitors its compliance.
5. Application Programming Interface Exchange is associated with?
(a) Banking Sector
(b) Import and Exports
(c) e- Governance
(d) Block chain
Ans: a
Justification:
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Indian PM along with deputy PM of Singapore recently launched APIX.
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APIX is a banking technology platform designed to reach two billion people worldwide who are still without bank accounts.
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It will help people in 23 countries including the 10 ASEAN members as well as major markets such as India, and small nations including Fiji
