Daily Quiz: 3rd Nov 2023

Explanation:

• The primary purpose of the Unity Mall initiative in India is to foster national unity, empower local artisans, create job opportunities, and contribute to economic growth. Hence statement 1 is correct

• It serves as a platform to promote and showcase local products, including One District One Products and GI Products, highlighting the unique offerings of each region. While recreational spaces and tourism may be secondary benefits, the primary focus is on strengthening the country's unity and self-reliance through supporting local industries and artisans.Hence statement 2 is incorrect

Explanation:

• A QR code stands for "Quick Response" code. QR codes are two-dimensional barcodes that can be quickly scanned and decoded using a smartphone or dedicated QR code reader. Hence option 4 is correct

Explanation:

• Windfall taxes are not imposed on regular or anticipated profits generated through the usual operations of a company. Instead, they specifically target unexpected and significantly higher profits resulting from external events beyond the company's control.Hence statement 1 is incorrect

• A windfall tax is specifically designed to address situations where an industry experiences a sudden and exceptional increase in profits that cannot be attributed to the company's usual business activities. It is aimed at capturing a portion of these extraordinary earnings for the benefit of the broader economy.Hence statement 2 is correct

• Windfall taxes are not related to employee compensation but rather focus on addressing windfall profits generated by an industry due to external factors. They are not intended to impact employee salaries or benefits directly.Hence statement 3 is incorrect

Explanation:

• TRAFFIC is not a bureau under the United Nations Environment Programme (UNEP). It is a non-governmental organization that works in close collaboration with the World Wide Fund for Nature (WWF) and the International Union for Conservation of Nature (IUCN) but does not function as a bureau under UNEP.Hence statement 1 is incorrect

• TRAFFIC indeed focuses on ensuring that the global trade of wild flora and fauna does not pose a threat to the conservation of nature. It works to monitor and regulate wildlife trade, implementing measures to prevent over-exploitation and illegal trade that can harm various species and their habitats. Hence statement 2 is correct

Explanation:

• The Carbon Border Adjustment Mechanism (CBAM) is a proposed tax on imports of goods into the EU from countries with less stringent carbon pricing policies. The tax is designed to level the playing field between European producers and their foreign competitors, who may be able to produce goods at a lower cost due to lower carbon costs.Hence statement 1 is correct

• The CBAM is not designed to protect European producers from competition. In fact, the goal of the tax is to level the playing field between European producers and their foreign competitors.Hence statement 2 is incorrect

• The CBAM is not designed to burden developing countries with high carbon prices. However, it is possible that the tax could have a disproportionate impact on developing countries, as they may be less able to afford high carbon prices.Hence statement 3 is incorrect