HomeDaily QuizUPSC Daily Quiz | 6 Jun 2024 UPSC Daily Quiz | 6 Jun 2024Daily Quiz, June 2024 | By admin /5 Daily Quiz - 6 June 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. With reference to Doctrine of Merger and the Rule of stare decisis, consider the following statements:1) The Doctrine of Merger applies when a higher court confirms the decision of a lower court, causing the lower courtโs decision to lose its separate identity and merge into the higher courtโs judgment.2) The Rule of Stare Decisis obligates courts to follow the precedents set by higher courts within the same jurisdiction to ensure consistency and predictability in the law.3) Under the Doctrine of Merger, if a lower courtโs decision is overturned by a higher court, the original decision remains valid and enforceable.How many of the above statements is/are correct? Only one Only two All three None Explanation:Statement 1 is correct: The doctrine of merger is founded on the principles of court decorum and propriety. It holds that when an appellate court issues an order, the lower courtโs order becomes absorbed into it. This principle ensures clarity in enforcing decisions when multiple orders exist from different levels of the judiciary. Essentially, it dictates that the superior courtโs ruling takes precedence, merging with and superseding the lower courtโs decision. Although not codified, this doctrine maintains judicial discipline, guiding subordinate courts in their proceedings.Statement 2 is correct: In contrast, the doctrine of stare decisis mandates that courts adhere to prior judicial decisions when faced with similar legal issues. These decisions, known as precedents, serve as guiding principles for future cases, creating a legal framework for consistent judicial decisions based on past rulings.Statement 3 is incorrect: If a higher court overturns a lower courtโs decision, the lower courtโs decision is no longer valid or enforceable. It is the higher courtโs ruling that prevails. 2 / 5 2. The main purpose of a โbenchmark indexโ is to: Track the performance of individual companies Measure the overall health of a stock market Predict future stock market movements Identify undervalued stocks for investment Explanation:A benchmark index is designed to represent the performance of a specific market or sector, providing a picture of its overall health and trends. It serves as a standard measure used to evaluate the performance of an investment portfolio relative to the overall market or a specific segment of it.ย Benchmark indices are crucial tools in investment management, providing a reference point for comparing returns, developing investment strategies, managing risk, and allocating assets. 3 / 5 3. Which feature among the following best exemplifies the federal structure of the Indian Constitution? A written constitution with a division of powers Supremacy of the Parliament Single citizenship Emergency powers of the Union Explanation:ย A written constitution that clearly delineates the division of powers between the central and state governments is a hallmark of a federal structure.ย It ensures that both levels of government operate within their respective domains. 4 / 5 4. Which of the following represents the primary function of a โClearing Corporationโ in the financial markets? Regulating the stock exchanges Issuing new securities Providing investment advice Facilitating the settlement of trades Explanation:Clearing corporations, also known as clearing houses or clearing firms, are pivotal institutions in the financial system, bridging buyers and sellers in diverse financial transactions.ย Their crucial role lies in ensuring seamless, efficient, and secure trade settlement.ย These entities facilitate timely and smooth trade settlements by serving as intermediaries between buyers and sellers, overseeing the transfer of securities and funds. 5 / 5 5. Who has implemented the worldโs largest grain storage plan? Food and Agriculture Organization World Food Programme United Nations Government of India Explanation:The National Level Coordination Committee (NLCC) convened its inaugural meeting in Delhi for the worldโs most extensive grain storage initiative.ย The plan aims to transition Primary Agricultural Credit Societies (PACS) into Multi-Service Societies.ย Implemented as a pilot project across 11 states, its focus is on enhancing agricultural infrastructure at the PACS level, including warehouses and processing units, leveraging various government schemes.ย The Ministry of Cooperation will spearhead a pilot initiative in at least 10 districts to gather regional insights for nationwide adoption. An Inter-Ministerial Committee (IMC) will refine guidelines and implementation strategies for developing infrastructure at PACS, utilizing existing schemes. The ministry will oversee implementation through the National Cooperative Development Corporation, with support from entities such as NABARD, FCI, and others. Your score is 0% Restart quiz