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Daily Current Affairs Quiz 8 August 2022
- August 8, 2022
- Posted by: Admin
- Category: Current Affairs Quiz
Daily Current Affairs Quiz 2022
This quiz is intended to introduce you to concepts and certain important facts relevant to Civil Service Exams 2022 such as UPSC, MPPSC, BPSC, UPPCS, etc. It is not a test of your knowledge. If you score less, please do not mind.
The following quiz will have 5 MCQs. The questions are mainly framed from The Hindu and PIB news articles, etc.
Please try to enjoy questions, discuss the concepts and facts they try to test from you, and suggest improvements.
Hope you enjoy this quiz. If you like it, then please share it. Thank you.
Daily Current Affairs Quiz 8 August 2022
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Question 1 of 5
1. Question
1 pointsBuoyancy of tax refers to:
Correct
d) Relationship between the changes in government’s tax revenue growth and the changes in GDP.
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.
Incorrect
d) Relationship between the changes in government’s tax revenue growth and the changes in GDP.
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 2 of 5
2. Question
1 pointsWho will become the 49th Chief Justice of India?
Correct
a) Justice UU Lalit
Justice Uday U Lalit is set to become the 49th Chief Justice of India. The Chief Justice of India NV Ramana recommended Justice UU Lalit’s name as his successor on August 4, 2022. The current Chief Justice of India NV Ramana is scheduled to retire on August 27, 2022. Justice UU Lalit will be the new Chief Justice of India for a short tenure of lesser than three months. He is scheduled to retire on November 8, 2022.
Incorrect
a) Justice UU Lalit
Justice Uday U Lalit is set to become the 49th Chief Justice of India. The Chief Justice of India NV Ramana recommended Justice UU Lalit’s name as his successor on August 4, 2022. The current Chief Justice of India NV Ramana is scheduled to retire on August 27, 2022. Justice UU Lalit will be the new Chief Justice of India for a short tenure of lesser than three months. He is scheduled to retire on November 8, 2022.
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Question 3 of 5
3. Question
1 pointsWhat is the name of the common portal for recommendations and nominations of all official awards?
Correct
d) Rashtriya Portal
A common ‘Rashtriya Puruskar’ Portal has been developed by the Government of India, to bring all the Awards of the various Ministries/Departments/Agencies of the Government of India under one digital platform.
This Portal aims to facilitate citizens to nominate individuals or organizations for various Awards instituted by the Government of India. Recently the Government invited nominations for ‘Vayoshreshtha Samman’ and ‘Padma’ awards.Incorrect
d) Rashtriya Portal
A common ‘Rashtriya Puruskar’ Portal has been developed by the Government of India, to bring all the Awards of the various Ministries/Departments/Agencies of the Government of India under one digital platform.
This Portal aims to facilitate citizens to nominate individuals or organizations for various Awards instituted by the Government of India. Recently the Government invited nominations for ‘Vayoshreshtha Samman’ and ‘Padma’ awards. -
Question 4 of 5
4. Question
1 pointsWho has been selected as the 14th Vice President of India?
Correct
d) Jagdeep Dhankhar
Jagdeep Dhankhar has won India’s Vice Presidential election 2022, defeating Opposition candidate Margaret Alva.
Dhankhar will be India’s 14th Vice President, taking over from the incumbent Vice President M Venkaiah Naidu. He has served as a Minister of state for Parliamentary Affairs in the Janata Dal government. He became the Governor of West Bengal in July 2019.Incorrect
d) Jagdeep Dhankhar
Jagdeep Dhankhar has won India’s Vice Presidential election 2022, defeating Opposition candidate Margaret Alva.
Dhankhar will be India’s 14th Vice President, taking over from the incumbent Vice President M Venkaiah Naidu. He has served as a Minister of state for Parliamentary Affairs in the Janata Dal government. He became the Governor of West Bengal in July 2019. -
Question 5 of 5
5. Question
1 pointsConsider the following statements with respect to Startup India Seed Fund Scheme (SISFS)
1. The Fund aims to provide financial assistance to startups for proof of concept, prototype development and product trials
2. A startup to avail this scheme should be recognized by DPIIT and incorporated not more than 5 years ago at the time of application
Select the correct statement(s)Correct
a) 1 only
It provides financial assistance to eligible Department for Promotion of Industry and Internal Trade (DPIIT) recognised startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS is disbursed to eligible startups through eligible incubators across India. Hence, statement 1 is correct.
A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application to avail this scheme. Hence, statement 2 is incorrect.Incorrect
a) 1 only
It provides financial assistance to eligible Department for Promotion of Industry and Internal Trade (DPIIT) recognised startups for proof of concept, prototype development, product trials, market entry and commercialization. SISFS is disbursed to eligible startups through eligible incubators across India. Hence, statement 1 is correct.
A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application to avail this scheme. Hence, statement 2 is incorrect.
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