The Daily Current Affairs Quiz questions are based on various national and regional newspapers including government news sources.
The questions are framed on happenings around you to enhance your competitiveness for news based concepts and facts
Solve, skull up. and win prizes!
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
Not categorized0%
1
2
3
4
5
Answered
Review
Question 1 of 5
1. Question
According to the Biological Diversity (Access and Benefit Sharing) Regulation, 2025, what is the benefit-sharing obligation for companies with an annual turnover exceeding ₹250 crore?
Correct
Answer: C) 0.6% of turnover
Explanation: The 2025 Regulation introduces a tiered benefit-sharing structure based on annual turnover. Companies with a turnover above ₹250 crore are required to share 0.6% of their turnover.
Incorrect
Answer: C) 0.6% of turnover
Explanation: The 2025 Regulation introduces a tiered benefit-sharing structure based on annual turnover. Companies with a turnover above ₹250 crore are required to share 0.6% of their turnover.
Question 2 of 5
2. Question
Which of the following is exempt from benefit-sharing obligations under the 2025 Regulation?
Correct
Answer: B) Use of cultivated medicinal plants
Explanation: The Regulation exempts cultivated medicinal plants from benefit-sharing obligations, aligning with the Biodiversity (Amendment) Act, 2023.
Incorrect
Answer: B) Use of cultivated medicinal plants
Explanation: The Regulation exempts cultivated medicinal plants from benefit-sharing obligations, aligning with the Biodiversity (Amendment) Act, 2023.
Question 3 of 5
3. Question
What is the minimum benefit-sharing percentage for commercial use of high-value or threatened species like red sanders, agarwood, and sandalwood?
Correct
Answer: C) 5%
Explanation: For high-value or threatened species, the Regulation mandates a minimum benefit-sharing of 5%, which can rise to 20% or more for commercial use.
Incorrect
Answer: C) 5%
Explanation: For high-value or threatened species, the Regulation mandates a minimum benefit-sharing of 5%, which can rise to 20% or more for commercial use.
Question 4 of 5
4. Question
What significant development regarding Digital Sequence Information (DSI) was established at COP16 in 2024?
Correct
Answer: B) A multilateral benefit-sharing mechanism for DSI was established.
Explanation: At COP16 in 2024, a multilateral mechanism for benefit-sharing from the use of Digital Sequence Information on genetic resources was established, including the creation of a global fund.
Incorrect
Answer: B) A multilateral benefit-sharing mechanism for DSI was established.
Explanation: At COP16 in 2024, a multilateral mechanism for benefit-sharing from the use of Digital Sequence Information on genetic resources was established, including the creation of a global fund.
Question 5 of 5
5. Question
Under the 2025 Regulation, who is required to submit annual resource usage statements if their turnover exceeds ₹1 crore?
Correct
Answer: C) All users of biological resources
Explanation: The Regulation mandates that all users of biological resources with an annual turnover exceeding ₹1 crore must submit annual resource usage statements.
Incorrect
Answer: C) All users of biological resources
Explanation: The Regulation mandates that all users of biological resources with an annual turnover exceeding ₹1 crore must submit annual resource usage statements.
