GK Quiz | 05 April 2020

1. Which of the following is true about the E- Way bill?

1. An electronic way bill is to be compulsorily issued if the value of goods transported is INR 50000 or above that.
2. It is not needed in cases of intra-state movement of goods.

Select the correct answer from the codes given below:

1. 1 only
2. 2 only
3. Both 1 and 2
4. None of the above

Ans.  A

Explanation

An Electronic Way bill used by a GST registered person to transport the goods of INR 50000 or above that value. For certain goods e- way bill needs to be generated even if the value is below INR 50000. These conditions are:

• Inter-State movement of Goods by the Principal to the Job-worker by Principal/ registered Job-worker,
• Inter-State Transport of handicrafts by a dealer exempted from GST registration.

It is applicable for both inter and intra-state movement.

Hence, the correct answer is A.

 

2. Which of the following is not true about Tax Deduction at Source?

1. Tax deduction at source is a type of advance tax payment.
2. The purpose of TDS is to prevent tax evasion.
3. It can be claimed as a refund by the deductor.
4. All of the above is true.

Ans. C

Explanation

Tax Deduction at Source is the tax deduction from the various types of payments made to a person like salaries, interest payment, rent payment, commission, etc. Its provisions are given under the Income Tax Act, 1961. It is a type of advance tax payment that can be reclaimed by the deductee as a refund. TDS is applicable over a threshold and there are different rates of TDS being applied. The very purpose of the TDS is to prevent tax evasion.

Hence, the correct answer is C.

 

3. Which of the following is true about the Indian Council of Medical Research (ICMR)?

1. It is the apex body in India to conduct medical research.
2. It also deals with traditional medical sciences.
3. The governing body of ICMR is presided by the Union Health Minister.

Select the correct answer from the codes given below:

1. 1,2 and 3
2. 1 and 2 only
3. 1 and 3 only
4. 1 only

Ans. C

Explanation

Indian Council of Medical Research is the apex medical research body researching the field of communicable diseases, tribal health, reproductive and child health, nutrition, non- communicable disease, basic medical science, and traditional medicines. Its governing body is the apex decision-making body presided over by Union Health Minister. Earlier it was known as Indian Research Fund Association (IRFA). Its headquarters is in New Delhi and has an additional 26 research institutes.

Hence, the correct answer is C.

 

4. Which of the following is true about the Asian Waterbird Census?

1. Asian Waterbird Census is a part of the international waterbird census and coordinated by Wetland International.
2. It is done by a professionally appointed body of scientists.
3. In India, it is organized by the Bombay Natural History Society in association with Wetland international.
4. The census aims to monitor the health of the wetland.

Select the correct answer from the codes given below:

1. 1,2,3 and 4
2. 1,3 and 4
3. 1 and 2 only
4. 3 and 4 only

Ans. B

Explanation

Asian Waterbird Census is a census conducted as a part of the International Waterbird Census in coordination with Wetland international. It is done voluntarily by bird watchers. If any waterbird is witnessed, the photo of that bird can be shared online, like through the AWC e bird account.  In India, it is organized by the Bombay Natural History Society in association with Wetland international. The census is conducted annually and aims to monitor the health of the wetland as water birds form an important part of the health of the wetland ecosystem.

Hence, the correct answer is B.

 

5. Which of the following is true about Jainism?

1. Tirthankar Mahavir was the founder of Jainism.
2. Jainism does not accept the authority of Vedas and condemns castism.
3. It believes in no soul, no God theory.
4. Syadvad is related to Jain philosophy.

Select the correct answer from the codes given below:

1. 1,2,3 and 4
2. 1,2 and 4
3. 1,3 and 4
4. 1,2 and 3

Ans. B

Explanation

Jainism as a religion came as a reformation to the orthodox Vedic system, casteism and came into prominence in 6^th century BC. It was founded by Teerthankara Rishabhdev and Lord Mahavira was the last of the 24 great teachers of Jainism. Jainism is a soul theory and considers every soul has the power to realize self by getting off the karmas attached to the soul. It is a no God religion as God is not granted the supreme authority and reliance is on the individual soul. However, 24 Tirthankaras or 24 great teachers are worshipped as they need to be followed to achieve salvation. Syadvad is the epistemological form of Anekantavada of Jainism which believes that an object has various realities in the context of a specific time, situation and circumstances. No knowledge can be known in its whole, so it is relative.

Hence the correct answer is B.