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Daily-mcqs 09 May 2025
Q1:
Which of the following statements is incorrect regarding the National Scheme for ITI Upgradation?
A: It follows a hub-and-spoke implementation model.
B: It aims to establish five NCOEs.
C: It is a fully centrally funded scheme.
D: It involves participation from industry through an SPV model.
Answer: C
Explanation:
The scheme is a Centrally Sponsored Scheme, not fully centrally funded. It includes contributions from the Centre (₹30,000 crore), States (₹20,000 crore), and Industry (₹10,000 crore), totaling ₹60,000 crore. Therefore, Statement C is factually incorrect.
Q2:
Consider the following statements: Which one of the following is correct?
Statement 1: Rising CO₂ levels reduce the nutritional quality of staple crops like rice and wheat.
Statement 2: Lower nutritional intake influences the balance and diversity of gut microbiota.
A: Both statements are correct, and Statement 2 explains Statement 1
B: Both statements are correct, but Statement 2 does not explain Statement 1
C: Statement 1 is correct, but Statement 2 is incorrect
D: Both statements are incorrect
Answer: A
Explanation:
CO₂ rise and heat stress lead to lower levels of zinc, iron, and protein in crops, reducing their nutritional value. This in turn affects gut microbial balance, since microbiota diversity is sensitive to dietary composition and micronutrient intake.
Q3:
Consider the following statements about the habitat preferences of Snow Leopards: How many of the above statements are correct?
A: Only one
B: Only Two
C: Only Three
D: All four
Answer: B
Explanation:
Statements 1 and 3 are correct. Snow leopards live in high-altitude, rugged mountain ecosystems. Statement 2 is incorrect because they avoid tropical forests. Statement 4 is also wrong—they are crepuscular (active at dawn and dusk). The question tests ecological comprehension, not just recall.
Q4:
The Finance Act, 2022 classifies which of the following under Virtual Digital Assets (VDAs)? Choose from the options below:
A: Only one
B: Only Two
C: All three
D: None
Answer: B
Explanation:
The Finance Act, 2022 includes Bitcoin and NFTs under the definition of Virtual Digital Assets (VDAs) for tax purposes. However, CBDC is issued by the RBI and is treated as legal tender, not a VDA. This distinction is vital in policy discussions.
Q5:
The term “Double Contribution Convention” in the context of the India–UK FTA refers to:
A: Double taxation of export-related profits in both countries
B: Exemption from simultaneous social security contributions in host and home countries
C: Requirement for joint investment from public and private sectors
D: Tax rebates for businesses operating in both nations
Answer: B
Explanation:
The Double Contribution Convention prevents Indian employees and their employers from paying into UK’s social security system for short-term postings (up to 3 years), avoiding duplication and reducing the cost of cross-border employment.
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