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Question 1 of 5
1. Question
2 points
Which one of the following is the context in which the term “Drip pricing” is mentioned in the news?
Correct
Ans: D
Exp:
Recently, the Centre issued a warning regarding “drip pricing,” cautioning consumers about the possibility of encountering “hidden charges” that could surprise them beyond a product’s Maximum Retail Price (MRP).
Option D is correct: Drip pricing is a pricing technique in which firms advertise only part of a product’s price and reveal other charges later as the customer goes through the buying process.
These additional and often mandatory costs are then disclosed by the seller one by one or “dripped” to the buyer at the point of purchase.
Incorrect
Ans: D
Exp:
Recently, the Centre issued a warning regarding “drip pricing,” cautioning consumers about the possibility of encountering “hidden charges” that could surprise them beyond a product’s Maximum Retail Price (MRP).
Option D is correct: Drip pricing is a pricing technique in which firms advertise only part of a product’s price and reveal other charges later as the customer goes through the buying process.
These additional and often mandatory costs are then disclosed by the seller one by one or “dripped” to the buyer at the point of purchase.
Question 2 of 5
2. Question
2 points
With reference to Wealth tax, consider the following statements:
Wealth tax is defined as a direct tax that is levied on the assets owned by individuals and Hindu Undivided Families (HUFs)
Citizenship status of an individual was one of the key parameters to ascertain wealth tax liability.
Wealth tax was a part of the Income Tax Return (ITR) and was required to be paid on a quarterly basis.
How many of the above statements are correct?
Correct
Ans: B
Exp:
Recently, a prominent political leader of India’s opposition party has expressed interest in the proposed legislation on Inheritance Tax.
Statement 1 is correct: Wealth tax is defined as a direct tax that is levied on the assets owned by individuals and Hindu Undivided Families (HUFs) even though these assets may not generate any income.
It was brought in to achieve social objectives in society and to bring parity among taxpayers.
Wealth tax was abolished in Budget 2016 as the cost incurred for recovering taxes exceeded the underlying benefits of the tax.
Statement 2 is correct: The residential status of an individual was one of the key parameters to ascertain wealth tax liability.
Resident Indians were liable to pay wealth tax on their global assets. However, non-resident Indians and foreigners were liable to pay wealth tax on their assets in India only.
Statement 3 is incorrect: The wealth tax was not part of the Income Tax Return (ITR) and was a form of direct tax required to be paid separately at the end of each financial year.
Incorrect
Ans: B
Exp:
Recently, a prominent political leader of India’s opposition party has expressed interest in the proposed legislation on Inheritance Tax.
Statement 1 is correct: Wealth tax is defined as a direct tax that is levied on the assets owned by individuals and Hindu Undivided Families (HUFs) even though these assets may not generate any income.
It was brought in to achieve social objectives in society and to bring parity among taxpayers.
Wealth tax was abolished in Budget 2016 as the cost incurred for recovering taxes exceeded the underlying benefits of the tax.
Statement 2 is correct: The residential status of an individual was one of the key parameters to ascertain wealth tax liability.
Resident Indians were liable to pay wealth tax on their global assets. However, non-resident Indians and foreigners were liable to pay wealth tax on their assets in India only.
Statement 3 is incorrect: The wealth tax was not part of the Income Tax Return (ITR) and was a form of direct tax required to be paid separately at the end of each financial year.
Question 3 of 5
3. Question
2 points
With reference to the misleading advertisements, consider the following statements:
Central Consumer Protection Authority (CCPA) can prohibit the endorser of a misleading advertisement from endorsing that particular product or service for a period of up to 6 months.
The Consumer Protection Act empowers the CCPA to punish companies publishing misleading advertisements regarding drugs.
The Consumer Protection act 2019 prohibits the transmission of advertisements that are indecent, offensive, or harmful to viewers’ interests.
How many of the above statements is/are incorrect?
Correct
Ans: C
Exp:
Social media influencers and celebrities are under scrutiny by the Supreme Court, which declared that they will bear equal responsibility for endorsing products or services in misleading advertisements.
Statement 1 is incorrect: CCPA can impose penalty of upto 10 lakh rupees on manufacturers, advertisers and endorsers for any misleading advertisements.
For subsequent contraventions, CCPA may impose a penalty of upto 50 lakh rupees.
The Authority can prohibit the endorser of a misleading advertisement from making any endorsement for upto 1 year and for subsequent contravention, prohibition can extend upto 3 years.
Statement 2 is incorrect: Under Section 4 of the Drugs & Other Magical Remedies Act,publishing misleading advertisements regarding drugs is prohibited, punishable by imprisonment or fines.
It states that no person shall take any part in the publication of any advertisement relating to a drug if the advertisement contains any matters which—
directly or indirectly gives a false impression regarding the true character of the drug; or
makes a false claim for the drug; or
is otherwise false or misleading in any material particular
Statement 3 is incorrect: The Cable Television Networks (Regulation) Act, 1995 (CTN Act) act regulates the operation of cable television networks in India.
It prohibits the transmission of advertisements that are indecent, offensive, or harmful to viewers’ interests.
Incorrect
Ans: C
Exp:
Social media influencers and celebrities are under scrutiny by the Supreme Court, which declared that they will bear equal responsibility for endorsing products or services in misleading advertisements.
Statement 1 is incorrect: CCPA can impose penalty of upto 10 lakh rupees on manufacturers, advertisers and endorsers for any misleading advertisements.
For subsequent contraventions, CCPA may impose a penalty of upto 50 lakh rupees.
The Authority can prohibit the endorser of a misleading advertisement from making any endorsement for upto 1 year and for subsequent contravention, prohibition can extend upto 3 years.
Statement 2 is incorrect: Under Section 4 of the Drugs & Other Magical Remedies Act,publishing misleading advertisements regarding drugs is prohibited, punishable by imprisonment or fines.
It states that no person shall take any part in the publication of any advertisement relating to a drug if the advertisement contains any matters which—
directly or indirectly gives a false impression regarding the true character of the drug; or
makes a false claim for the drug; or
is otherwise false or misleading in any material particular
Statement 3 is incorrect: The Cable Television Networks (Regulation) Act, 1995 (CTN Act) act regulates the operation of cable television networks in India.
It prohibits the transmission of advertisements that are indecent, offensive, or harmful to viewers’ interests.
Question 4 of 5
4. Question
2 points
Consider the following statements with reference to Pesticides:
India is the second largest producer of pesticides in the world after Ukraine.
Uttar Pradesh consumes the maximum amount of chemical pesticides after Punjab.
Use of organic pesticides can cause endocrine disorders, and malfunctioning of lipid metabolism.
Organic pesticides do not contain carbon elements and are typically derived from mineral ores.
How many of the above statements are incorrect?
Correct
Ans: B
Exp:
Statement 1 is incorrect: India is the fourth largest producer of pesticides in the world. The Indian pesticides market was worth Rs 197 billion in 2018 according to a report by the database Research and Markets.
Major Exporting Destinations: USA, Japan, China, and Brazil.
Exported Agrochemical: The most prominent agrochemicals exported include Mancozeb, Acephate, Chlorpyrifos, Cypermethrin, and Profenos.
Statement 2 is incorrect: Maharashtra has consumed the most chemical pesticides in India in the past five years at 61, 138 tonnes, followed by UP and Punjab.
Statement 3 is correct: Farmers are exposed to pesticide-contaminated soils via different pathways such as dermal contact, direct ingestion, and inhalation. The most widely known organochlorine pesticide has been associated with health effects, such as endocrine disorders, lipid metabolism etc.
Statement 4 is correct: Inorganic Pesticides do not contain carbon elements in their chemical structure. They are typically derived from mineral ores extracted from the earth. It includes copper sulfate, ferrous sulfate, copper, lime, and sulfur.
Incorrect
Ans: B
Exp:
Statement 1 is incorrect: India is the fourth largest producer of pesticides in the world. The Indian pesticides market was worth Rs 197 billion in 2018 according to a report by the database Research and Markets.
Major Exporting Destinations: USA, Japan, China, and Brazil.
Exported Agrochemical: The most prominent agrochemicals exported include Mancozeb, Acephate, Chlorpyrifos, Cypermethrin, and Profenos.
Statement 2 is incorrect: Maharashtra has consumed the most chemical pesticides in India in the past five years at 61, 138 tonnes, followed by UP and Punjab.
Statement 3 is correct: Farmers are exposed to pesticide-contaminated soils via different pathways such as dermal contact, direct ingestion, and inhalation. The most widely known organochlorine pesticide has been associated with health effects, such as endocrine disorders, lipid metabolism etc.
Statement 4 is correct: Inorganic Pesticides do not contain carbon elements in their chemical structure. They are typically derived from mineral ores extracted from the earth. It includes copper sulfate, ferrous sulfate, copper, lime, and sulfur.
Question 5 of 5
5. Question
2 points
Which of the following statements regarding Guillain-Barre Syndrome is incorrect?
Correct
Ans: A
Exp:
A study involving 99 million individuals revealed that instances of Guillain-Barre Syndrome, myocarditis, pericarditis, and cerebral venous sinus thrombosis (CVST) were at least 1.5 times more frequent than anticipated following administration of mRNA and ChAdOX1 (Covishield) COVID-19 vaccines.
Option A is incorrect: GBS is a serious autoimmune disorder that affects the peripheral nervous system. It initially presents weakness, tingling, and numbness in the limbs, which can progress to paralysis lasting 6-12 months or longer.
GBS treatment involves procedures like plasmapheresis, which removes plasma and replaces it with other fluids.
Guillain-Barre syndrome is an immune system disorder that attacks the nerves, causing muscular damage and requiring prolonged treatment.
The most commonly used treatment is intravenous immunoglobulin (IVIG), which is made from donated blood that contains healthy antibodies.
This helps calm down the immune system’s attack on the nerves.
Incorrect
Ans: A
Exp:
A study involving 99 million individuals revealed that instances of Guillain-Barre Syndrome, myocarditis, pericarditis, and cerebral venous sinus thrombosis (CVST) were at least 1.5 times more frequent than anticipated following administration of mRNA and ChAdOX1 (Covishield) COVID-19 vaccines.
Option A is incorrect: GBS is a serious autoimmune disorder that affects the peripheral nervous system. It initially presents weakness, tingling, and numbness in the limbs, which can progress to paralysis lasting 6-12 months or longer.
GBS treatment involves procedures like plasmapheresis, which removes plasma and replaces it with other fluids.
Guillain-Barre syndrome is an immune system disorder that attacks the nerves, causing muscular damage and requiring prolonged treatment.
The most commonly used treatment is intravenous immunoglobulin (IVIG), which is made from donated blood that contains healthy antibodies.
This helps calm down the immune system’s attack on the nerves.
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
Quick Revise Now ! UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format Integration of PYQ within the booklet Designed as per recent trends of Prelims questions हिंदी में भी उपलब्ध
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