Current Affairs Quiz (5th January, 2023) (Date : 05-01-2023)

Question 1:

Which of the following statements is/are correct?

The World Bank launched the world’s first Wildlife Conservation Bond (WCB).
The Wildlife Conservation Bond (WCB) is also known as “Rhino Bond,” which is a five yearly sustainable development bond.

Select the correct answer using the code given below:

Correct Answer : C

The World Bank has announced that it has launched the world's first wildlife conservation bond (WCB). Hence, statement 1 is correct.
Rhino Bond is a financial instrument that channels investments to achieve specific conservation outcomes measured in this case by an increase in black rhino populations.
The “Rhino Bond,” is also known as the the Wildlife Conservation Bond (WCB) is a five-yearly sustainable development bond, which will contribute to protecting and increasing black rhino populations in two protected areas in South Africa. Hence, statement 2 is correct.

Question 2:

Consider the following statements regarding ‘Corporation tax’:

It is an indirect tax imposed on the annual turnover that enterprises make from their businesses.
It is imposed on both public and private companies whether registered or not under the Companies Act, 1956.

Which of the statements given above is/are correct?

Correct Answer : D

Corporation tax is a direct tax placed on a company's net income or profit from its operations. Hence, statement 1 is not correct.
The tax is imposed on the net profits of the corporation, which is calculated by subtracting allowable expenses such as the cost of goods sold, operating expenses, and depreciation from the corporation's total revenue.
Corporation tax is payable by both public and private companies registered in India under the Companies Act 1956. Hence, statement 2 is not correct.

Question 3:

Consider the following statements regarding Jainism:

‘Jaina’ comes from the term ‘Jina’ which means ford maker i.e., someone who can cross beyond the perpetual flow of earthly life.
Brahmacharya, one of the 5 great Vows of Jainism, was added by Rishabhnatha.

Which of the statements given above is/are correct?

Correct Answer : D

Jainism came to prominence in the 6th century B.C., when Lord Mahavira propagated the religion.
- The word Jaina comes from the term Jina, meaning conqueror. Hence, statement 1 is not correct.
There were 24 great teachers called Tirthankaras - people who had attained all knowledge (Moksha) while living and preached it to the people.
- Tirthankara is a Sanskrit word meaning 'Ford maker', i.e., one who is able to ford the river, to cross beyond the perpetual flow of earthly life.
- The first Tirthankara was Rishabnatha and the last was Lord Mahavira.
Jainism attaches utmost importance to ahimsa or non-violence.
- It preaches 5 mahavratas (the 5 great vows):
  - Ahimsa (Non-violence)
  - Satya (Truth)
  - Asteya or Acharya (Non-stealing)
  - Aparigraha (Non-attachment/non-possession)
  - Brahmacharya (Celibacy/Chastity)
- Among these 5 teachings, the Brahmacharya (Celibacy/Chastity) was added by Mahavira. Hence, statement 2 is not correct.

Question 4:

Consider the following statements regarding UN Convention on the Rights of PwD (UNCRPD):

The convention has been ratified by India.
Rights of Persons with Disabilities Act, 2016 has been enacted by the Parliament of India to fulfill the obligations under UNCRPD.

Which of the above statements is/are correct?

Correct Answer : C

The UN Convention on the Rights of PwD, which was adopted in 2006, defines persons with disabilities as those “who have long-term physical, mental, intellectual or sensory impairments which in interaction with various barriers may hinder their full and effective participation in society on an equal basis with others”.
India ratified the Convention in October 2007.
The Parliament enacted the Rights of Persons with Disabilities Act, 2016 with a view to fulfilling the obligations under the UNCRPD.

Question 5:

With reference to Indian Science Congress, consider the following statements:

It brings together scientists and researchers only from the premier institutions.
It is organized by the Ministry of Earth Sciences.
The first session of the Indian Science Congress was held in 1914.

Which of the statements given above is/are correct?

Correct Answer : C

Recently, the 108^th session of the India Science Congress (ISC) was inaugurated by the Prime Minister.
The event’s theme is ‘Science and Technology for Sustainable Development with Women’s Empowerment’.
Indian Science Congress brings together scientists and researchers not just from the premier institutions and laboratories but also science teachers and professors from colleges and universities. Hence, statement 1 is not correct.
- It offers a platform for their interaction with students and the general public on matters related to science.
It is organized by Indian Science Congress Association (ISCA). It is an independent body functioning with the support of the Department of Science and Technology (DST) in the central government. Hence, statement 2 is not correct.
The first session of the Indian Science Congress was held in 1914. Hence, statement 3 is correct.