31st July 2022 Current Affairs Quiz for UPSC Prelims
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Question 1 of 5
1. Question
2 points
Consider the following statements:
1) Charter Act of 1833 vested all the civil and military powers in Governor-General of India.
2) Separation of legislative and executive functions of Governor-General’s council was done by Government of India Act of 1858.
3) The commercial activities of the East India Company were ended by Charter Act of 1853.
Which of the following statements given above is/are correct?
Correct
Solution:
(B)
Dividend distribution tax is the tax imposed by the Indian Government on Indian companies according to the dividend paid to a company’s investors.
Dividend distribution tax is also applicable on mutual funds.
DDT is payable separately, over and above the income tax liability of a Company.
Incorrect
Solution:
(B)
Dividend distribution tax is the tax imposed by the Indian Government on Indian companies according to the dividend paid to a company’s investors.
Dividend distribution tax is also applicable on mutual funds.
DDT is payable separately, over and above the income tax liability of a Company.
Question 2 of 5
2. Question
2 points
Preamble contains the summary or essence of the constitution. In this context, which of the following ideals in Indian Preamble has been taken from ‘French Revolution’?
1) Socialist
2) Liberty
3) Justice- social, economic and political
4) Fraternity
5) Republic
Select the correct answer using the code given below:
Correct
Solution:
(C)
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
“The Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments.”
Moreover, the NDB “shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank.”
The authorized capital for NDB is $100 Billion while initial subscribed capital is $50 billion.
Initial subscribed capital was equally distributed among the founding members {$10 billion each.
Voting power of each member is equal to the number of its subscribed shares in capital stock.
Incorrect
Solution:
(C)
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).
“The Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments.”
Moreover, the NDB “shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank.”
The authorized capital for NDB is $100 Billion while initial subscribed capital is $50 billion.
Initial subscribed capital was equally distributed among the founding members {$10 billion each.
Voting power of each member is equal to the number of its subscribed shares in capital stock.
Question 3 of 5
3. Question
2 points
Which of the following countries was not part of the special invitees in the recently held G7 summit.
Correct
Ans a)
Incorrect
Ans a)
Question 4 of 5
4. Question
2 points
Bharat Broadband Network Ltd (BBNL) will be merged with BSNL. BBNL was set up to implement a project to provide broadband connectivity in the country. What is the project called?
Correct
Explanation:
Bharat Broadband Network Ltd (BBNL) which was set up to implement the ambitious BharatNet project, will be merged with BSNL
Incorrect
Explanation:
Bharat Broadband Network Ltd (BBNL) which was set up to implement the ambitious BharatNet project, will be merged with BSNL
Question 5 of 5
5. Question
2 points
Google announced the launch of its popular ‘Street View’ feature in India. For the launch, Google has partnered with two Indian firms. If Genesys International is one of the two firms, which is the other one?
Correct
Explanation:
Google announced the launch of its popular ‘Street View’ feature in India — after failing to bring the experience to India at least twice in the past decade, following security concerns raised by government agencies over the collection of data. For the launch this time, Google has partnered with two Indian firms — mapping solutions provider Genesys International and Tech Mahindra.
Incorrect
Explanation:
Google announced the launch of its popular ‘Street View’ feature in India — after failing to bring the experience to India at least twice in the past decade, following security concerns raised by government agencies over the collection of data. For the launch this time, Google has partnered with two Indian firms — mapping solutions provider Genesys International and Tech Mahindra.
