IASbaba Daily Current Affairs Quiz [Day 95]

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Q.1) Consider the following statements about Banks Board Bureau (BBB)

1. It decides on management and board-level appointments in public sector banks
2. It was originally proposed by the PJ Nayak Committee
3. It is based in Mumbai

Which of the following statements is/are correct?

1. 1 and 2
2. 2 and 3
3. 1 and 3
4. All of the above 

Q.2) Consider the following statements about Presumptive Taxation Scheme (PTS)

1. Under PTS, eligible professionals and businesses can compute income on an estimated basis under section 44ADA and 44AD of the Income Tax Act, 1961, respectively, at a minimum prescribed rate
2. The threshold under PTS for eligible businesses is Rs.1 crore
3. Limited liability partnership (LLP) firms are not allowed to adopt this scheme

Which of the following statements is/are correct?

1. 1 and 2
2. 1 and 3
3. 2 and 3
4. All of the above

Q.3) Recently, Supreme Court has reiterated the necessity to implement the Vote Verifier Paper Audit Trail (VVPAT) in electronic voting machines (EVMs). Consider the following statements about Vote Verifier Paper Audit Trail (VVPAT)

1. In the VVPAT system, when a voter presses the button for a candidate of his choice in the EVM, a paper ballot containing the serial number, name of the candidate and poll symbol would be printed for the voter
2. Supreme Court had directed the Election Commission to introduce the paper trail in EVMs in a phased manner for the general elections in 2014

Which of the following statements is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

Q.4) Which of the following statements about RE based Micro and Mini Grids is/are correct?

1. A ‘Mini Grid’ is defined as a system having a RE based electricity generator with capacity of 10KW and above
2. A ‘Micro Grid’ system is similar to a mini grid but having a RE based generation capacity of below 10KW
3. The Public Distribution Network of a mini grid can be designed to carry either Alternating Current or Direct Current (AC or DC)
4. All of the above 

Q.5) ICT Development Index (IDI) is released by

1. International Telecommunications Unit (ITU)
2. Amazon Web Services
3. Global Alliance for ICT and Development
4. International Institute for Communication and Development (IICD)

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All the best

IASbaba