Daily Current Affairs Quiz With Answers : 24 Jul 2024

Ques:1

Which one of the following statements about the debt-to-GDP ratio is correct?

a) It measures a country's public debt as a percentage of its Gross Domestic Product (GDP). b) A lower ratio is generally considered better for a country’s economic health. c) The ratio is calculated by dividing a country’s total debt by its annual GDP. d) A debt-to-GDP ratio above 100% always indicates an imminent economic crisis.

Ques:2

**Which of the following is not considered a method to save on long-term capital gains tax in India?**

a) Investing in specified bonds under Section 54EC b) Reinvesting in a residential property under Section 54F c) Claiming depreciation on the asset sold d) Utilizing the tax harvesting strategy

Ques:3

The Phase 4 of Pradhan Mantri Gram Sadak Yojana (PMGSY) aims to upgrade rural roads to enhance rural connectivity. What is the primary focus of this phase?

a) Connecting habitations with a population of 250 and above b) Upgrading existing rural roads to provide all-weather connectivity c) Connecting important institutions of village to district roads d) Connecting all state capitals with four-lane highways

Ques:4

Consider the following statements about the National Mission on Natural Farming in India

It promotes chemical-free farming practices across the country.

The mission aims to cover 1 million hectares of agricultural land in the first year.

The mission promotes the use of indigenous cow dung and urine-based formulations.

How many of the above statements are correct?

Ques:5

Recently, ‘Trastuzumab deruxtecan, Osimertinib, and Durvalumab’ were in the news. Which one of the followings best describe them?

a) They are three Hazardous chemical that were banned under Rotterdam Convention. b) They are new weight reducing drugs introduced in India. c) They are name of anti-cancer drugs. d) They are three new protein molecules discovered in Human DNA.

Ques:6

Which of the following statements accurately describes the concept of "angel tax" in the context of startup funding?

a) It refers to a tax levied on investments made by high-net-worth individuals in startups. b) It involves tax incentives provided to startups that receive funding from angel investors. c) It pertains to the tax levied on profits earned by angel investors from their investments in startups. d) It concerns the scrutiny and verification process conducted by tax authorities on angel investors and their investments in startups.

Ques:7

Consider the following statements

Statement 1 : Venomous snakes kill about 1.4 lakh people every year, especially in Africa and Asia.

Statement 2 : Venom interacts with heparan sulfate on cell surfaces, facilitating toxin entry into cells and disrupting cellular functions.

Choose the correct answer from the options below

a) Statement 1 & 2 are correct and Statement 2 is the correct explanation of Statement 1. b) Statement 1 & 2 are correct but Statement 2 is not the correct explanation of Statement 1. c) Statement 1 is incorrect but Statement 2 is correct. d) Both the statements 1 & 2 are incorrect.

Ques:8

Which of the following characteristics is a hallmark of REM (rapid eye movement) sleep?

a) Decreased brain activity compared to non-REM sleep b) Muscle atonia (loss of muscle tone) c) Slow and irregular heart rate d) Increased susceptibility to external stimuli

Ques:9

Which function does gamma-aminobutyric acid (GABA) primarily serve in the nervous system?

a) Stimulation of nerve cell activity b) Inhibition of nerve cell activity c) Promotion of neurotransmitter release d) Regulation of hormonal balance

Ques:10

Which of the following is a primary reason governments might increase capital gains tax rates?

a) To encourage long-term investment in volatile markets b) To align tax rates on investment income with those on earned income c) In response to economic recessions to stimulate consumer spending d) To incentivize foreign direct investment in domestic markets.

24-Jul-24: UPSC Current Affairs Daily Quiz With Answers