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.
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Question 1 of 5
1. Question
Which of the following statements is correct?
1. On May 24, the Geneva-based UN organization’s members signed the World Intellectual Property Organisation (WIPO) treaty.
2. This treaty will help countries protect traditional knowledge, protect biodiversity, increase transparency in the patent system, and strengthen innovation.
Which of these statements is/are correct?
Correct
(c) Both 1 and 2
The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations (UN) established in 1967. It plays a crucial role in promoting and protecting intellectual property (IP) rights worldwide.
On May 24, 2024, member states of the World Intellectual Property Organization (WIPO) in Geneva, Switzerland, approved a new treaty on intellectual property (IP), genetic resources, and associated traditional knowledge. The agreement requires patent applicants to disclose the origin or source of genetic resources if their invention is based on those materials or traditional knowledge. The treaty is a historic breakthrough that caps decades of negotiations.
Incorrect
(c) Both 1 and 2
The World Intellectual Property Organization (WIPO) is a specialized agency of the United Nations (UN) established in 1967. It plays a crucial role in promoting and protecting intellectual property (IP) rights worldwide.
On May 24, 2024, member states of the World Intellectual Property Organization (WIPO) in Geneva, Switzerland, approved a new treaty on intellectual property (IP), genetic resources, and associated traditional knowledge. The agreement requires patent applicants to disclose the origin or source of genetic resources if their invention is based on those materials or traditional knowledge. The treaty is a historic breakthrough that caps decades of negotiations.
Question 2 of 5
2. Question
Which of the following statements is correct about Indirect Tax?
Correct
(a) The point where tax makes its effect felt is known as the impact of tax—the after effect of tax imposition. The tax which has incidence and impact at the different points is the indirect tax—the person who is hit does not bleed’ someone else bleeds. As, for example, excise, sales tax, etc., which are imposed on either the producers or the traders, but it is the general consumers who bear the burden of tax. The tax which has incidence and impact both at the same point is the direct tax—the person who is hit, the same person bleeds. As for example income tax, interest tax, etc.
Incorrect
(a) The point where tax makes its effect felt is known as the impact of tax—the after effect of tax imposition. The tax which has incidence and impact at the different points is the indirect tax—the person who is hit does not bleed’ someone else bleeds. As, for example, excise, sales tax, etc., which are imposed on either the producers or the traders, but it is the general consumers who bear the burden of tax. The tax which has incidence and impact both at the same point is the direct tax—the person who is hit, the same person bleeds. As for example income tax, interest tax, etc.
Question 3 of 5
3. Question
Which of the following countries are the members of both SAARC and BIMSTEC?
1. Myanmar
2. Maldives
3. India
4. Pakistan
5. Bangladesh
6. Nepal
Select the correct answer using the code given below:
Correct
(a) 3, 5 and 6 only
SAARC (The South Asian Association for Regional Co-operation): SAARC was established with the signing of the SAARC Charter in Dhaka on 8th December, 1985.
SAARC comprises eight Member States: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
Headquarter of the SAARC Secretariat is at Kathmandu, Nepal. BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation):
The members of BIMSTEC are India, Nepal, Bangladesh, Sri Lanka and Bhutan from South Asia; with
Myanmar and Thailand from South East Asia. BIMST
Incorrect
(a) 3, 5 and 6 only
SAARC (The South Asian Association for Regional Co-operation): SAARC was established with the signing of the SAARC Charter in Dhaka on 8th December, 1985.
SAARC comprises eight Member States: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
Headquarter of the SAARC Secretariat is at Kathmandu, Nepal. BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation):
The members of BIMSTEC are India, Nepal, Bangladesh, Sri Lanka and Bhutan from South Asia; with
Myanmar and Thailand from South East Asia. BIMST
Question 4 of 5
4. Question
Which one of the following statements is correct?
Correct
(a) Liquid Sodium is employed as a coolant in nuclear reactors
Liquid sodium is used as a coolant in nuclear reactors. It absorbs energy from the reaction and transfers it to water in steam generators. The steam is then used to turn turbines to generate electricity.
Incorrect
(a) Liquid Sodium is employed as a coolant in nuclear reactors
Liquid sodium is used as a coolant in nuclear reactors. It absorbs energy from the reaction and transfers it to water in steam generators. The steam is then used to turn turbines to generate electricity.
Question 5 of 5
5. Question
The ‘mankur mango’ or ‘malcorado’ is the most popular mango which has high monetary value. They are grown in:
Correct
(d) Goa
Mangoes, known in Goa as’mankurad’, are the most popular of the coastal state’s more than 80 unique varieties, and sell for an average of Rs 5,000 per dozen in local marketplaces.
The mangoes, also known as ’mankur mango’ or ’malcorado’, are priced premium due to an early ripening and harvesting season and a restricted supply, according to vendors and producers.
This variety of mangoes was originally called ‘malcorado’, meaning poor colour in Portuguese. The word later metamorphosed to mankurad over a period of time.
Goa ‘mankurad’ mango, or ‘mankurad’, got the geographical indication (GI) tag from the Geographical Indications Registry in Chennai.
Incorrect
(d) Goa
Mangoes, known in Goa as’mankurad’, are the most popular of the coastal state’s more than 80 unique varieties, and sell for an average of Rs 5,000 per dozen in local marketplaces.
The mangoes, also known as ’mankur mango’ or ’malcorado’, are priced premium due to an early ripening and harvesting season and a restricted supply, according to vendors and producers.
This variety of mangoes was originally called ‘malcorado’, meaning poor colour in Portuguese. The word later metamorphosed to mankurad over a period of time.
Goa ‘mankurad’ mango, or ‘mankurad’, got the geographical indication (GI) tag from the Geographical Indications Registry in Chennai.