[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 16 April 2022 – INSIGHTSIAS

Solution: a)

A monsoon is considered “normal” when rainfall falls between 96% and 104% of the LPA.

El Nino, a phenomenon associated with a warming of the Central Pacific and drying up of the rains over northwest India, the coming monsoon. “Currently La Nina conditions are prevailing over equatorial Pacific. The latest forecasts indicates it will continue during the monsoon.

Source

Solution: d)

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.

Solution: b)

Any member of the Parliament can oppose the introduction of a bill by stating that it initiates legislation outside the legislative competence of the Parliament. There is limited debate, and the house in which the bill is getting introduced does not delve into constitutional niceties. MPs also get an opportunity to discuss a bill’s constitutionality while debating it in the Lok Sabha and Rajya Sabha

The real opportunity for probing a bill’s constitutionality arises when a parliamentary committee is examining it.

The committee process also has the advantage of drawing on constitutional expertise outside of the law ministry.

But our parliamentary committee process has a fatal flaw. Government bills do not automatically go to committees for examination. Ministers get an option to refer their bill to a select committee. They often don’t exercise this option and request the presiding officers to not send the bill to a ministry specific departmentally related committee.

Solution: d)

Using the money bill route to bypass the Rajya Sabha, the government introduced regressive amendments to laws, including the Income Tax Act of 1961, the Companies Act of 2013, and the Representation of the People Act of 1951, to introduce electoral bonds.

Solution: c)

Eastern Economic Forum is an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East.