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Editorials Quiz 2021-22
Information
Introducing yet another ingenious course, InsightsIAS is excited to announce our new initiative QUED – Questions from Editorials. Considering the number of questions that appeared from Editorials in previous year UPSC Prelims Examinations, we feel it is wise for students to cover Editorials from Prelims point of view as well in order to achieve that extra edge. Although, we have covered important editorials separately in our Editorial Section as well as under Secure Initiative, MCQ practice can prove to be crucial for better performance and guaranteed result.
We strongly recommend you at add QUED along with Static Quiz ,Current Affairs Quiz and RTM for your Daily MCQ practice.
We will be posting 5 MCQs at 11am everyday from Monday to Saturday on http://www.insightsonindia.com. QUED will be available under QUIZ menu.
We hope students utilize this initiative to the best of advantage. 🙂
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Question 1 of 5
Making Peace with Nature report, recently seen in news is released by
CorrectSolution: c)
The first UNEP synthesis report is titled: “Making Peace With Nature: A scientific blueprint to tackle the climate, biodiversity and pollution emergencies” and is based on evidence from global environmental assessments.
IncorrectSolution: c)
The first UNEP synthesis report is titled: “Making Peace With Nature: A scientific blueprint to tackle the climate, biodiversity and pollution emergencies” and is based on evidence from global environmental assessments.
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Question 2 of 5
Consider the following statements regarding National Policy on Biofuels-2018.
- National Policy on Biofuels-2018 envisages an indicative target of 10% blending of ethanol in petrol and 5% blending of bio-diesel in diesel by 2030.
- The Policy expands the scope of raw material for ethanol production.
- For providing protection to farmers, the policy does not allow use of food grains for production of ethanol.
- The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds and Used Cooking Oil.
Which of the above statements is/are correct?
CorrectSolution: c)
The National Policy on Biofuels-2018 approved by the Government envisages an indicative target of 20%
blending of ethanol in petrol and 5% blending of bio-diesel in diesel by 2030.
National Policy on biofuels- salient features:
- Categorization: The Policy categorises biofuels as “Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop in fuels, Third Generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.
- Scope of raw materials: The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
- Protection to farmers: Farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Taking this into account, the Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
- Viability gap funding: With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding
scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.
- Boost to biodiesel production: The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
IncorrectSolution: c)
The National Policy on Biofuels-2018 approved by the Government envisages an indicative target of 20%
blending of ethanol in petrol and 5% blending of bio-diesel in diesel by 2030.
National Policy on biofuels- salient features:
- Categorization: The Policy categorises biofuels as “Basic Biofuels” viz. First Generation (1G) bioethanol & biodiesel and “Advanced Biofuels” – Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop in fuels, Third Generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.
- Scope of raw materials: The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
- Protection to farmers: Farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Taking this into account, the Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
- Viability gap funding: With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding
scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.
- Boost to biodiesel production: The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
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Question 3 of 5
Buoyancy of tax refers to:
CorrectSolution: b)
There is a strong connection between the government’s tax revenue earnings and economic growth. The simple fact is that as the economy achieves faster growth, the tax revenue of the government also goes up.
Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth to changes in GDP. When a tax is buoyant, its revenue increases without increasing the tax rate.
IncorrectSolution: b)
There is a strong connection between the government’s tax revenue earnings and economic growth. The simple fact is that as the economy achieves faster growth, the tax revenue of the government also goes up.
Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth to changes in GDP. When a tax is buoyant, its revenue increases without increasing the tax rate.
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Question 4 of 5
- Central Bureau of Investigation (CBI) can investigate which of the following types of cases in a state?
- Corruption against public servants
- Money laundering and black money operations
- Crimes related to espionage, narcotics and banned substances
Select the correct answer code:
CorrectSolution: d)
The CBI investigates three types of cases through three specialised wings.
The Anti-Corruption Division that probes cases of corruption against public servants.
The Economic Offences Division probes crimes of financial malfeasance, bank frauds, money laundering, black money operations, and the like. However, the CBI usually transfers cases of money laundering to the Enforcement Directorate (ED).
There is a Special Crimes Division to investigate cases of violence such as murder, crimes related to internal security such as espionage, narcotics and banned substances, and cheating. It is this division of the CBI that generally handles cases that get wide media coverage, for example, actor Sushant Singh Rajput’s death case.
IncorrectSolution: d)
The CBI investigates three types of cases through three specialised wings.
The Anti-Corruption Division that probes cases of corruption against public servants.
The Economic Offences Division probes crimes of financial malfeasance, bank frauds, money laundering, black money operations, and the like. However, the CBI usually transfers cases of money laundering to the Enforcement Directorate (ED).
There is a Special Crimes Division to investigate cases of violence such as murder, crimes related to internal security such as espionage, narcotics and banned substances, and cheating. It is this division of the CBI that generally handles cases that get wide media coverage, for example, actor Sushant Singh Rajput’s death case.
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Question 5 of 5
Which of the following taxes are not subsumed under Goods and Services Tax?
- Central Excise on Petroleum Products
- Property tax levied by local bodies
- Service Tax
- Taxes on lottery
- Professional Tax
Select the correct answer code:
CorrectSolution: c)
Which taxes at the Centre and State level are being subsumed into GST?
At the Central level, the following taxes are being subsumed:
- Central Excise Duty,
- Additional Excise Duty,
- Service Tax,
- Additional Customs Duty commonly known as Countervailing Duty, and
- Special Additional Duty of Customs.
At the State level, the following taxes are being subsumed:
- Subsuming of State Value Added Tax/Sales Tax,
- Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
- Octroi and Entry tax,
- Purchase Tax,
e. Luxury tax, and - Taxes on lottery, betting and gambling.
Taxes not subsumed under GST include Basic Custom Duty, Central Excise on Petroleum Products, Anti-Dumping Duty, VAT on alcohol for human consumption, Stamp Duty, Property Tax (levied by local bodies), Professional Tax.
IncorrectSolution: c)
Which taxes at the Centre and State level are being subsumed into GST?
At the Central level, the following taxes are being subsumed:
- Central Excise Duty,
- Additional Excise Duty,
- Service Tax,
- Additional Customs Duty commonly known as Countervailing Duty, and
- Special Additional Duty of Customs.
At the State level, the following taxes are being subsumed:
- Subsuming of State Value Added Tax/Sales Tax,
- Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
- Octroi and Entry tax,
- Purchase Tax,
e. Luxury tax, and - Taxes on lottery, betting and gambling.
Taxes not subsumed under GST include Basic Custom Duty, Central Excise on Petroleum Products, Anti-Dumping Duty, VAT on alcohol for human consumption, Stamp Duty, Property Tax (levied by local bodies), Professional Tax.
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