Quiz 2021: Prelims Power Play 31 December 2021

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This quiz contains 5 questions and each contains 1 points.

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1. Consider the following statements regarding Electoral Bonds scheme:

  1. It is an anonymous bearer banking instrument that can be purchased by individual or entity incorporated in India only.
  2. It can be used for making donations to only those registered political parties which have secured not less than one per cent of the votes polled in the last assembly election.
  3. The information furnished by the buyer is treated confidential by the authorized bank- State Bank of India

Which of the above statements is/are correct?

 
 
 
 

2. Consider the following statements with respect to Inverted Duty Structure:

  1. Under this, the import duty on finished goods is kept high, while import duty on intermediate goods is kept low.
  2. It adversely affects the domestic manufacturing industries.

Select the correct answer using code below:

 
 
 
 

3. The Ministry of Social Justice and Empowerment has formulated a scheme “SMILE” for upliftment of

 
 
 
 

4. Match the following terms with regard to vaccine:

  1. Immunogenicity :                   a. Extent to which a vaccine provides a beneficial result under real-life conditions.
  2. Efficacy :                                   b. The ability of a vaccine to provoke an immune response in an individual.
  3. Effectiveness :                         c. No major side effects after taking the vaccine.
  4. Safety :                                      d. the extent to which a vaccine provides a beneficial result under ideal conditions

Select the correct Option:

 
 
 
 

5. Consider the following statements regarding Compensation Fund and Compensation Cess in the GST Act?

  1. As per the GST Act, states are guaranteed compensation for any revenue shortfall below 14% growth (base year 2015-16) for the first five years ending 2022.
  2. GST compensation is paid out of Compensation Cess every 6 months by the Centre to states.
  3. Compensation Cess is collected on some of the sin goods and luxury goods like pan masala, cigarettes, automobiles and even Aerated water.

Which of the statements given above is/are correct?