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September 17, 2020 - Daily Quiz

1. With reference to the Constitution of India, consider the following statements: 1. No High Court shall have the jurisdiction to declare any central law to be constitutionally invalid. 2. An amendment to the Constitution of India cannot be called into question by the Supreme Court of India. Which of the statements given above is / are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 2. Which one of the following statements is correct? (a) Rights are claims of the State against the citizens. (b) Rights are privileges which are incorporated in the Constitution of a State. (c) Rights are claims of the citizens against the State. (d) Rights are privileges of a few citizens against the many.
3. Consider the following statements
  1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.
  2. In terms of PPP dollars, India is the sixth-largest economy in the world.
Which of the statements given above is / are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 4. With reference to the religious practices in India, the "Sthanakvasi" sect belongs to (a) Buddhism (b) Jainism (c) Vaishnavism (d) Shaivism 5. Which one of the following statements best describes the term ‘Social Cost of Carbon’? It is a measure, in monetary value, of the (a) long-term damage done by a tonne of CO2, emissions in a given year. (b) requirement of fossil fuels for a country to provide goods and services to its citizens, based on the burning of those fuels. (c) efforts put in by a climate refugee to adapt to live in a new place. (d) contribution of an individual person to the carbon footprint on the planet Earth.   ANSWERS 1. (d) - The High Court is not subordinate to the Supreme Court. The power of superintendence is only granted to High Courts and not to the Supreme Court. Under Article 227, the High Courts have the power of superintendence over all the Subordinate Courts and Tribunals. The High Court is thus in charge of the administration of justice in the state. The High Court has the power to examine the constitutionality of legislative and executive orders of both central and state government. On the other hand, the Supreme Court is placed at a superior place in the hierarchy only because is the highest court of appeal; law declared by the apex court is binding on all Courts; it can transfer cases from one High Court to another or to itself. The amendment of the Indian Constitution is laid down in Article 368, Part XX of the Constitution, which vests power to the Parliament and the state legislatures to make laws within their respective jurisdictions. However, as per the ‘Basic Structure Doctrine’ laid down by the Supreme Court in Kesavananda Bharati v. State of Kerala case, if a law or any amendment to Constitution made by Parliament violates any provision of the Constitution, the Supreme Court has the power to review and strike down constitutional amendments and declare such a law invalid or ultravires. 2. (c) Rights mean legal entitlement to have or do something. Rights are not privileges. Rights are claims of the citizens against the State. 3. (a) The ‘Purchasing Power Parity’ is the exchange rate that allows one to buy the same amount of goods and services in every country. It is a theoretical rate as it is used by no country and is only used by the Government agencies to compare the output of countries that use different exchange rates. It basically describes what would a thing cost, if it was sold in the US Dollars. The World Bank calculates the PPP for each country, depicting a map that shows the PPP ratio compared to the United States. This shows a comparison between the economic productivity and standards of living between all the countries. On the PPP basis, China is the world's largest economy in 2018, followed by United States at 2nd and India at 3rd position. 4. (b) Sthanakvasi is a sect of Svetambara Jainism founded by a merchant named Lavaji in 1653 AD.
  • It believes that idol worship is not essential in the path of soul purification and attainment of Nirvana/Moksha
5. (a) Scientists expect climate change to have increasingly negative consequences for society, from rising sea levels to more frequent heatwaves. There is broad agreement that initial, modest benefits – for instance, increased yields for some crops in some regions – will be outweighed by costs as temperatures rise. One way to get a handle on this question is through the social cost of carbon (SCC), which tries to add up all the quantifiable costs and benefits of emitting one additional tonne of CO2, in monetary terms. This value can then be used to weigh the benefits of reduced warming against the costs of cutting emissions.    






POSTED ON 17-09-2020 BY ADMIN
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