Daily Current Affairs Quiz: September 6 , 2023

Ans. 1 Option A is the correct Explanation
Article 1: Name and territory of the Union
• India, that is Bharat, shall be a Union of States. Hence statement 1 is correct.
• The States and the territories thereof shall be as specified in the First Schedule.
• The territory of India shall comprise -the territories of the States, the Union territories specified in the First Schedule; and such other territories as may be acquired. Hence statement 2 is incorrect.

Ans. 2 Option D is the correct Explanation
• The Trans-Pacific Partnership (TPP), also called the Trans-Pacific Partnership Agreement, was a proposed trade
agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States signed on 4 February 2016 in Auckland. Hence statement 2 is incorrect.
• The founding members of the Pacific Rim group are – Australia, Brunei, Canada, Chile,
Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. The 12 nations account for some 40% of the world’s economy. Hence statement 1 is incorrect.

Ans. 3 Option C is the correct Explanation
• India’s G20 logo juxtaposes planet Earth with the lotus, India’s national flower, and the theme is ‘Vasudhaiva Kutumbakam’ or ‘One Earth-One Family-One Future’ Hence statement 1 is correct
• The G20 Logo draws inspiration from the vibrant colors of India’s national flag – saffron, white green, and blue.
• The theme also spotlights LiFE (Lifestyle for Environment), with its associated, environmentally sustainable and
responsible choices. Hence statement 2 is correct
• During the course of its G20 Presidency, India will host about 200 meetings in 32 different sectors in multiple locations across India.
• The G20 Leaders’ Summit at the level of Heads of State/Government is scheduled to be held on September 9 and 10, 2023 in New Delhi.

• During India’s Presidency, Indonesia and Brazil along with India would form the G20 Troika. Hence statement 3 is correct
• This would be the first time when the Troika would consist of three developing countries and emerging economies.

Ans.4 Option C is correct Explanation
Association of Southeast Asian Nations (ASEAN)
• It is a regional grouping that promotes economic, political, and security cooperation. Hence, statement 2 is correct.
• It was established in August 1967 in Bangkok, Thailand with the signing of the ASEAN Declaration (Bangkok Declaration). Hence, statement 1 is correct.
• The founding fathers of ASEAN are Indonesia, Malaysia, Philippines, Singapore and Thailand.
• Its chairmanship rotates annually, based on the alphabetical order of the English names of Member States.
• ASEAN countries have a total population of 650 million people and a combined Gross Domestic Product (GDP) of USD 2.8 trillion.
• ASEAN brings together ten Southeast Asian states – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – into one organization.

Ans. 5 Option B is correct Explanation
• The concept has been enshrined in Article 21 of the Indian Constitution, which states that “No person shall be deprived of his life or personal liberty except according to the procedure established by law.” Hence, Statement 1 is incorrect
• “Due Process of Law” is a legal principle commonly found in legal systems based on the common law tradition, particularly in countries like the United States.
• Under this principle, the government must follow fair and just procedures before depriving an individual of life, liberty, or property.
• Hence, statement 2 is correct.
• Due process ensures that individuals have the right to be heard, to present evidence,

Q6. Consider the following statements with reference to By-polls
1. The Constitution of India explicitly mentions the procedure for conducting byelections.
2. They are typically held when a legislative seat becomes vacant before the regular election cycle.
3. In India, byelections are held only for Lok Sabha seats.

How many of the statements given above is/are correct?
(a) Only one
(b) Only two
(c) All three
(d) None

[spoiler title="Show solution"]
Solution: option A.)

Ans. 6 Option A is the correct Explanation
• Bye-elections refer to elections held to fill vacant seats in the legislative bodies of India.
• Purpose: To ensure the timely filing of vacant seats, enabling the representation of the affected constituency or district in the legislative body. Hence, statement 2 is correct.
• Occurrence: When a seat in the legislature becomes vacant due to reasons such as Death, Resignation, Disqualification, and Expulsion of a sitting member
• The byelections are held for both Lok Sabha and State Assembly seats. Hence, statement 3 is incorrect.
• Section 151A of the Representation of the People Act, 1951 mandates the Election Commission to fill the casual vacancies
through bye-elections within six months from the date of occurrence of the vacancy. Hence, statement 1 is incorrect.
• Provided that the remainder of the term of a member in relation to a vacancy is one year or more.

Ans. 7 Option C is correct Explanation
• A tax haven is typically a jurisdiction or country that provides favorable tax rates, exemptions, or financial secrecy laws.
Hence, Option C is correct.
• This is done to attract foreign individuals and businesses seeking to minimize their tax liabilities.

Ans. 8 Option B is correct Explanation
• Purchasing Managers Index is a survey-based measure that asks the respondents about changes in their perception of key business variables as compared with the previous month.
• Purpose: To provide information about current and future business conditions to company decision-makers, analysts, and investors. Hence, statement 1 is correct.
• It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed.
Hence, statement 2 is correct.
• The PMI is a number from 0 to 100.
• A print above 50 means expansion, while a score below that denotes contraction.
• A reading of 50 indicates no change.
• It is usually released at the start of every month and is compiled by IHS Markit for more than 40 economies worldwide. Hence, statement 3 is incorrect.

Ans. 9 Option A is the correct Explanation
• Simultaneous elections refer to the conduct of Lok Sabha and state legislative assembly elections at the same time. Hence, statement 1 is correct.
• The Constitution of India, however, does not mandate simultaneous elections at the national and state levels. Hence, statement 3 is incorrect.
• It is a matter of policy and requires legal and political consensus.
• One of the arguments in favor of simultaneous elections is to reduce the overall cost of conducting elections by
holding them together.
• Another argument in favor of simultaneous elections is that it can help in reducing the impact of policy paralysis due to frequent elections. Hence, statement 2 is correct.
• One of the challenges in implementing simultaneous elections is the synchronization of the electoral cycles of all
states.

Ans. 10 Option C is correct
Explanation
• The Startup20 Engagement Group will be established under India’s G20 presidency for the first time. Hence, statement 1 is correct.
• It recognizes the role of startups in driving innovation that responds to a rapidly changing global scenario. Hence, statement 2 is correct.