Daily UPSC Prelims Current Affairs – January 22-23, 2023 [Mock Test]
February 3, 2023 February 3, 2023
1. Consider the following statements about Infrastructure Investment Trust (InvIT):
- These are non-financial instruments that allow direct investments in infrastructure projects.
- These are not exempted under distribution tax and capital gains tax.
- The SEBI (Infrastructure Investment Trusts) Regulations of 2014 govern InvITs.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: B [Only 3]
Notes:- Infrastructure Investment Trusts (InvITs) are financial instruments that allow direct investments in infrastructure projects.
- These InvIT bonds will be listed on BSE and NSE, providing an opportunity for investors to invest and trade.
- An Infrastructure Investment Trust (InvIT) is similar to a mutual fund in that it allows modest sums of money from potential individual/institutional investors to be invested directly in infrastructure and earn a percentage of the income as a return.
- InvITs also benefit from favourable tax treatment, such as exemption from dividend distribution tax and capital gains tax relaxation.
- The SEBI (Infrastructure Investment Trusts) Regulations of 2014 govern InvITs.
2. Consider the following statements:
- Oral Rehydration Solution was pioneered by Dr Dilip Mahalanabis.
- He was awarded the first Pollin Prize in Pediatric Research in 2002 and the Prince Mahidol Prize in 2006.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2]
Notes:- Dr Dilip Mahalanabis pioneered Oral Rehydration Solution (ORS) treatment as a simple, effective remedy for dehydration, which the Lancet called “the most important medical discovery of the 20th century.’’
- In 1994, he was elected a foreign member of the Royal Swedish Academy of Sciences.
- In 2002, Dr. Mahalanabis was awarded the first Pollin Prize in Pediatric Research for their contributions to the discovery and implementation of oral rehydration therapy.
- In 2006, he was awarded the Prince Mahidol Prize, for his role in the development and application of oral rehydration therapy.
3. Oral Rehydration formula as recommended by the WHO is a combination of which of the following?
- Sodium chloride
- Anhydrous glucose
- Potassium chloride
- Trisodium citrate dihydrate
Choose the correct answer using the codes given below:
[A] Only 1 & 2
[B] Only 1 & 3
[C] Only 1, 2 & 3
[D] 1, 2, 3 & 4
Show Answer
Correct Answer: D [1, 2, 3 & 4]
Notes:- WHO recommends a combination of sodium chloride, anhydrous glucose, potassium chloride and Trisodium citrate dihydrate as the ORS formula.
- In India, July 29 is observed as ORS Day.
