Daily MCQs – Day 22 – 7th August 2017 – Solutions

• Election is held through a secret ballot
• Electoral College consists of all members of both house of Parliament (Lok Sabha and Rajya Sabha).
• Proportional representation by means of the single transferable vote is used.
• The nominated Members of Rajya Sabha as well as of Lok Sabha are also eligible in this election.

Q.2) Consider the following statements about Exchange-traded funds (ETFs):
1. ETFs are listed and traded on exchanges like stocks
2. They are similar to mutual funds in a certain manner but are less liquid as they can not be sold quickly on stock exchanges like shares

Choose the correct statements from the option given below:

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Ans. A

Explanation:

• ETFs are Index Funds
• An ETF is a basket of stocks that reflects the composition of an Index, like S&P CNX Nifty or BSE Sensex.
• They are listed and traded on exchanges like stocks.
• They enable investors to gain broad exposure to entire stock markets in different Countries and specific sectors with relative ease, on a real-time basis and at a lower cost than many other forms of investing.
• ETFs trading value is based on the net asset value of the underlying stocks that it represents
• They are similar to mutual funds in a certain manner but are more liquid as they can be sold quickly on stock exchanges like shares.

Q.3) Consider the following statements about Asian Infrastructure Investment Bank (AIIB):
1. India is second largest shareholder in the bank after Japan.
2. It aims to support the building of infrastructure in the Asia Pacific region

Choose the correct statements from the option given below:

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Ans. B

Explanation:

• This is an international financial institution
• It aims to support the building of infrastructure in the Asia Pacific region
• It is an initiative of government of China
• Started operation in 2016
• HQ : Beijing, China
• 56 members (More are expected to join)
• The capital of the bank is $100 billion, equivalent to 2/3 of the capital of the Asian Development Bank and about half that of the World Bank
• China will remain the biggest shareholder in the bank (India second largest), and the shares of non-Asian countries will be restricted to 25% of the total
• China is the largest shareholder with 26.06% voting shares. India is the second largest shareholder with 7.5% voting shares followed by Russia (5.93%) and Germany (4.5%)
• The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia Pacific region.
• AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB), which the AIIB says are dominated by developed countries like the United States and Japan
• AIIB will concentrate on infrastructure
• Critics (such as the US) warn that the China-led bank may fail to live up to the environmental, labour and procurement standards that are essential to the mission of development lenders. China says the AIIB will adopt international best practises. The UK, Germany, and France have now decided to join in as founding members, drawing protests from the USA

Q.4) Consider the following statements:

1. For human ear the range of audible frequencies is roughly from 20 to 20,000 Hz
2. Dogs can hear sounds of frequencies higher than 20,000 Hz

Select the correct answer using the code given below:

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Ans. C

Explanation: The fact is that sounds of frequencies less than about 20 vibrations per second (20 Hz) cannot be detected by the human ear. Such sounds are called inaudible. On the higher side, sounds of frequencies higher than about 20,000 vibrations per second (20 kHz) are also not audible to the human ear. Thus, for human ear, the range of audible frequencies is roughly from 20 to 20,000 Hz.

Some animals can hear sounds of frequencies higher than 20,000 Hz. Dogs have this ability. The police use high frequency whistles which dogs can hear but humans cannot

Source: NCERT 8th: Science, Chapter 13, Page 168

Q.5) Consider the following statements:

1. All human beings have 23 pairs of chromosomes in the nuclei of their cells out of which 2 are sex chromosomes namely X and Y
2. A male has two X chromosomes, while a female has one X and one Y chromosome
3. The unfertilized egg can have either X or Y chromosome and sperm always has X chromosome

Select the correct answer using the code given below:

a) 1 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3

Ans. A

Explanation: All human beings have 23 pairs of chromosomes in the nuclei of their cells. Two chromosomes out of these are the sex chromosomes, named X and Y. A female has two X chromosomes, while a male has one X and one Y chromosome. The gametes (egg and sperm) have only one set of chromosomes. The unfertilised egg always has one X chromosome. But sperms are of two kinds. One kind has an X chromosome, and the other kind has a Y chromosome.

Source: NCERT 8th: Science, Chapter 10, Page 118, 119