Quiz Details

1.  
Which of the following countries are member of BIMSTEC 1.Bhutan 2.Bangladesh, 3.India 4.Thailand Select the correct code

[A] 1,2,3 and 4
[B] 3 only
[C] 2 and 3
[D] 1 and 4

Correct Answer: A [1,2,3 and 4]

Notes:

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is an international organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined gross domestic product of $3.8 trillion. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising seven Member States lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. Five are from South Asia –Bangladesh,Bhutan,India,Nepal,Sri Lanka.Two are from Southeast Asia –Myanmar,Thailand.

2.  
Which among the following countries is NOT landlocked? 1.Benin 2.Nigeria 3.Macedonia 4.Albania

[A] 1, 2 and 4 only
[B] 1 and 2 only
[C] 3 and 4 only
[D] 1, 2, 3 and 4

Correct Answer: A [1, 2 and 4 only]

Notes:

Self Expalantory:

3.  
The famous Bahubali Gomateshwara statue atop Vindhyagiri in Shravanabelagola is depicted in which among the following postures/mudras?

[A] Dhyana Mudra
[B] Abhaya Mudra
[C] Kayotsarga
[D] Eka Pada Pranamasana

Correct Answer: C [Kayotsarga]

Notes:

Shravanabelagola is home to the 18 m high statue of Lord Gometeshwara; considered to be one of the world's tallest free-standing monolithic statues. Constructed in 981 AD by Chamundaraya, a Ganga warrior, it is carved out of a single block of granite and looms on the top of Vindhyagiri Hill. Kayotsarga is a yogic posture which is an important part of the Jain meditation. It literally means "dismissing the body".

4.  
Inverted Duty Structure, which adversely impacts manufacturing, refers to

[A] Taxation of imported finished goods at rates lower than on similar domestically produced finished-goods
[B] Inputs being taxed at higher rates than on finished products
[C] A taxation system that the World Trade Organisation requires developing countries to adopt
[D] None of the above

Correct Answer: B [Inputs being taxed at higher rates than on finished products]

Notes:

The term 'Inverted Tax Structure' refers to a situation where the rate of tax on inputs purchased (i.e.GST rate paid on inputs received) is more than the rate of tax on outward supplies (i.e. GST rate payable on sales)

5.  
Consider the following statement regarding The Court of Arbitration for Sport (CAS) 1.Handles any disputes directly or indirectly linked to sport 2.Sets up non-permanent tribunals for many major events that include the Olympic Games and the Commonwealth Games Select the correct answer using the code given below:

[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

Correct Answer: C [Both 1 and 2]

Notes:

The Court of Arbitration for Sport is an international body established in 1984 to settle disputes related to sport through arbitration. Its headquarters are in Lausanne, Switzerland and its courts are located in New York City, Sydney, and Lausanne. Temporary courts are established in current Olympic host cities.