Quiz 98 – Answers
Questions can be found here :
Link : https://chromeias.com/cse-2020-prelims-daily-quiz-98-questions/
a) 1 and 3 only
Serious Fraud Investigation Office (SFIO) comes under the Ministry of Corporate Affairs (MCA).
It is a multi-disciplinary organisation that investigates and guides prosecution in white-collar fraud requiring expertise in forensic auditing, corporate law, information technology, capital markets, taxation, and other allied fields.
It received statutory powers under the Companies Act, 2013.
a) Both A and R are correct, and R is the correct explanation of A
AFSPA gives armed forces the power to maintain public order in “disturbed areas”.
They have the authority to prohibit a gathering of five or more persons in an area, can use force or even open fire after giving due warning if they feel a person is in contravention of the law.
If reasonable suspicion exists, the army can also arrest a person without a warrant; enter or search premises without a warrant; and ban the possession of firearms.
b) 1 and 3 only
According to the Central Pollution Control Board (CPCB), AQI between ‘0-50’ has no health implications and Air Quality Index (AQI) above 500 falls in ‘severe plus’ category. A disposable N95 mask is a safety device that covers the nose and mouth and helps protect the wearer from breathing in hazardous pollutants like PM 2.5.
Environment Compensation Charge (ECC) is a Supreme Court directed green tax. It is a type of ‘cess’ which has no legislative backup that usually accompanies the imposition of tax on public activities.
Recently, the Meghalaya Cabinet has approved amendments to the Meghalaya Residents Safety and Security Act (MRSSA) 2016. The ordinance makes registration on entry mandatory for visitors who intend to spend more than 24 hours in the state of Meghalaya.
This will require non-resident visitors to register themselves on the lines of the Inner Line Permit (ILP) system of Arunachal Pradesh, Nagaland, and Mizoram.
The amendment comes in the backdrop of demands by civil society and political leaders, that people excluded from the National Register of Citizens (NRC) in Assam might try to enter Meghalaya.
d) All of the above
It is an avenue for people to bring their money stashed offshore without fear of being prosecuted. Once they declare their offshore money, they will be asked to invest 40 per cent of that amount in these elephant bonds. A fixed coupon security will be issued.
This bond is issued to those people who declare their previously undisclosed income and are then bound to invest 50% of that amount in these securities. The fund gathered by the issuance of these bonds is utilized to finance infrastructure projects only.