Daily Current Affairs mcq September 3, 2024
Q 1.Consider the following statements with respect Anti-Dumping Duty .
1.It is imposed to protect local businesses and markets from unfair competition by foreign imports.
2.The purpose of anti-dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 2 .Consider the following statements .
1.WTO is an international organization that promotes and regulates global trade among nations.
2.The WTO was established on January 1, 1995 by replacing the General Agreement on Tariffs and Trade.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 3 .Consider the following statements with respect Laos .
1.It is the only landlocked country in Northeast Asia.
2. It has the typical tropical monsoon(wet-dry) climate of the region.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 4 .Consider the following statements with respect Theravada Buddhism .
1.It emphasises attaining liberation from suffering through individual effort and meditation based on Buddha’s earliest teachings.
2.It believes in the historicity of a single Buddha, Gautama Shakyamuni.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 5.Consider the following statements with respect Foot-and-Mouth Disease .
1.It is a severe, highly contagious viral disease of livestock .
2.It does not affect horses, dogs, or cats.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 6.Consider the following statements with respect hemoglobin .
1.It is an iron-containing protein found in the red blood cells that carries oxygen.
2.Haemoglobin forms an unstable reversible bond with oxygen.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 7.Consider the following statements with respect Poba Reserve Forest.
1.It is one of the richest rain forests of North-East India.
2.The forest is renowned for its variety of orchids.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 8 .Consider the following statements with respect World Gold Council .
1.It is the market development organisation for the gold industry.
2.It also co-sponsors research in the development of new uses for gold.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 9 .Consider the following statements with respect Guppy Fish .
1.These are a small, pretty species of fish that are extremely popular for home aquariums.
2.These are a species of small tropical freshwater fish.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q 10.Consider the following statements with respect Dispute Resolution Scheme .
1.The scheme aims to reduce litigation and provide a faster and more cost-effective resolution for taxpayers.
2.The DRC, established in all 28 regions across the country.
Which of the above statement(s) is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Answer & Explanation
1.Ans- b
Explanation-Anti-dumping duty is a tariff imposed by a country on imported goods that it believes are being sold below their fair market value. This practice, known as dumping, can harm domestic industries by making foreign products more competitive.
2.Ans-C
Explanation- The World Trade Organization (WTO) is an international organization that deals with the rules of trade between nations. Itwas established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT).
The WTO provides a platform for countries to settle trade disputes peacefully. Its dispute settlement system is considered one of its most important functions.
3.Ans-b
Explanation- Laos, officially the Lao People’s Democratic Republic, is a landlocked country in Southeast Asia. It is bordered by China to the north, Vietnam to the east, Cambodia to the south, and Thailand to the west.
4.Ans-c
Explanation- Theravada Buddhism is one of the two major branches of Buddhism. It is primarily practiced in Southeast Asian countries such as Thailand, Sri Lanka, Myanmar, and Cambodia. The term “Theravada” comes from the Pali language and means “the way of the elders.”
5.Ans-c
Explanation- Foot-and-Mouth Disease (FMD) is a highly contagious viral disease that affects cloven-hoofed animals, such as cattle, pigs, sheep, and goats. It is characterized by fever, blisters in the mouth, and lameness.
6.Ans-c
Explanation-
Hemoglobin is a protein found in red blood cells that is responsible for carrying oxygen from the lungs to the body’s tissues. It also carries carbon dioxide back to the lungs for exhalation
7.Ans-c
Explanation- It is a rainforest located in the northeastern part of Assam. The forest is renowned for its variety of orchids.
8.Ans-c
Explanation-The World Gold Council is a non-profit organization that promotes the use of gold as an investment, jewelry, and industrial product. It is the leading authority on the gold market, providing research, analysis, and advocacy to support the gold industry.
9.Ans-c
Explanation- These are a small, pretty species of fish that are extremely popular for home aquariums.These are a species of small tropical freshwater fish.
10.Ans- a
Explanation-The DRC, established in all 18 regions across the country.