HomeDaily QuizDaily Quiz | 26 March 2024 Daily Quiz | 26 March 2024Daily Quiz, March 2024 | By admin /5 Daily Quiz - 26 March Tarun IAS offers a variety of courses and resources for UPSC aspirants, including a section for daily current affairs and quizzes. The institute was established with the goal of providing high-quality education and preparing students for the IAS exams. They aim to offer education that is up to date, challenging, and accessible regardless of the student's location or the time of dayTarun IAS emphasizes the importance of Current Affairs in both the prelims and mains of the UPSC exams, offering extensive materials and notes on the subject. Her For the most current and specific daily MCQs related to current affairs or any other subject, please click on the link below. 1 / 5 1.Consider the following statements regarding the BhashaNet portal:1) It aims to advance digital inclusion and promote Universal Acceptance (UA) across India.2)This portal focuses on providing resources and information in English and Hindi languages only.Which of the statements above is/are correct? 1 only 2 only Both 1 and 2ย Neither 1 nor 2 Explanation:Ministry of Electronics and Information Technology (MeitY) and National Internet Exchange of India (NIXI) recently announced the launch of the BhashaNet portal at the Universal Acceptance Day (March 28).ย The theme of the event was "BhashaNet: Impetus Towards Universal Acceptance",Statement 1 is correct:ย The portal aims to advance digital inclusion and promote Universal Acceptance (UA) across India.Statement 2 is incorrect:ย The portal will provide resources and information in multiple Indian languages, making it accessible to a wider audience.Developers and businesses can access tools and guidelines to help them assess and improve the UA readiness of their applications and systems.The portal will showcase best practices and case studies from organizations that have successfully implemented UA, serving as a source of inspiration and guidance for others.Importance:ย Universal Acceptance ensures that all domain names, including new top-level domains, Internationalized Domain Names and email addresses are treated equally and can be used by all Internet-enabled applications, devices, and systems.ย BhashaNet portal aims to make .in (dot in) universally accepted domain. The initiative aims to narrow the digital gap and foster greater inclusivity on the internet for individuals from diverse regions and backgrounds across India. 2 / 5 2) Consider the following statements regarding vote-from-home (VfH) initiative introduced by the Election Commission:1) Eligible voters include individuals aged 75 years and above only.2) Voters who opt for VfH are also permitted to cast their votes at the polling stations on Election Day.Which of the statements above is/are correct? 1 only 2 only Both 1 and 2ย Neither 1 nor 2 Explanation:ย Statement 1 is incorrect: The Election Commission has introduced vote-from-home for citizens aged 85 and above.ย Eligibility:ย Eligible voters include individuals aged 85 years and above.Persons with disabilities (PwD) with a certified handicap of at least 40%.Voting Procedure:These voters can utilise Form 12D to inform the assistant returning officer concerned of their inability to physically attend the polling station to cast their vote.Two polling officials, accompanied by a videographer, will visit eligible voters' residences to facilitate the voting process.Prior notification of the visit will be sent via SMS to the mobile numbers provided in the application.Opting for Vote-from-Home: Once eligible voters opt for VfH, they forfeit the opportunity to cast their votes at polling stations on election day.Statement 2 is incorrect: If a voter is not present during the initial visit, voting personnel will make subsequent attempts to facilitate voting at the given address. However, failure to avail of the VfH opportunity will result in the forfeiture of the voter's chance to cast a ballot. 3 / 5 3. Consider the following statements regarding Bima Sugam:1) It has been launched by Securities and Exchange Board of India.2) It shall be established by a not-for-profit company formed under Section 8 of the Companies Act, 2013.3) Bima Sugam will onboard only those companies that offer life insurance products.ย How many of the above statements is/are correct? Only one Only two All three None Explanation:Statement 1 is incorrect: The Insurance Regulatory and Development Authority of India has recently approved setting up of Bima Sugam.Statement 2 is correct:Bima Sugam shall be established by a not-for-profit company formed under Section 8 of the Companies Act, 2013.ย E-commerce Platform for Insurance: Bima Sugam functions similarly to an e-commerce platform, facilitating the sale of insurance products from various companies.Statement 3 is incorrect: Comprehensive Coverage: Bima Sugam will onboard all companies offering life and non-life insurance products, providing a wide range of options for policyholders.End-to-End Digital Journey: From purchasing policies to renewals, claim settlements, portability, and grievance redressal, Bima Sugam aims to offer a seamless digital experience for policyholders.Unified Platform Integration: Bima Sugam will integrate with government databases, insurers, intermediaries, and insurance repositories to fetch customer details, offer product information, and facilitate buying and servicing of insurance policies.ย Single Interface for Stakeholders: Serving as a single interface, Bima Sugam enables customers, intermediaries, and agents to connect and transact across insurers (life, health, non-life), promoting transparency, efficiency, and collaboration throughout the insurance value chain. 4 / 5 4. Earth is observed on: 22 March 23 March 24 March 25 March Explanation:Earth Hour:ย ย Earth Hourโ was observed on March 23 from 8.30pm to 9.30pm (IST).ย Earth Hour was famously started as a lights-out event in Sydney, Australia in 2007.Earth Hour, a world initiative, is an annual event encouraging people to raise awareness about climate change and promote energy conservation.ย It is observed annually on the last Saturday of March.ย To observe the day, people around the world switch off their lights for an hour as a symbol of committing to the planet Earth.The day was initiated and organised by the World Wildlife Fund (WWF), which aimed to encourage individuals worldwide to come forward to preserve energy. 5 / 5 5. Consider the following statements regarding Electoral Trusts:1) The companies which are registered under Section 8 of the Companies Act, 2013 are only eligible to make an application for approval as an electoral trust.2) Individuals who are citizens as well as non- citizens of India can contribute to electoral trusts.3) The names of electoral trusts indicate the name of the company/group which set up the trusts.How many of the above statements is/are incorrect? Only one Only two All three None Explanation:Statement 1 is incorrect: These are trusts set up by companies with the objective to distribute the contributions received from other companies and individuals to the political parties.ย The companies which are registered under section 25 of the Companies Act, 1956 are only eligible to make an application for approval as an electoral trust, as perย the ADR report.ย Statement 2 is incorrect: Who can contribute to electoral trusts?An individual who is a citizen of IndiaA company registered in IndiaAn association of persons (Indian residents)Who cannot contribute to electoral trusts?An individual who is not a citizen of IndiaOther electoral trusts (approved under the Electoral Trusts Scheme)Contributors without PANNRIs without a passport numberStatement 3 is incorrect:ย The names of electoral trusts, currently, do not indicate the name of the company/group which set up the trusts.For administrative expenses, the electoral trusts are permitted to set aside a maximum of 5 percent of the total funds collected during a financial year.The remaining 95 percent of total income of the trusts, including any surplus from the previous financial year, is required to be distributed to eligible political parties.Laws/Rules governing the functioning of electoral trusts:Rule 17CA of Income Tax Rules, 1962 inserted in 2013, lists the functions of electoral trusts approved by the Central Bureau of Direct Taxes (CBDT).The Central Government, also launched โThe Electoral Trusts Scheme, 2013, which specified the eligibility and procedure for registration as an electoral trust, apart from laying down the format for their registration. 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