Daily Current Affairs Quiz for UPSC : 5 April 2025

Consider the following statements about Reciprocal Tariffs:

1. Reciprocal tariffs are trade tariffs that a country imposes on imports based on the tariffs its exports face in the trading partner country.

2. The idea behind reciprocal tariffs is to promote fair and balanced trade between countries.

3. Reciprocal tariffs are primarily a feature of multilateral trade agreements under the World Trade Organization (WTO).

Which of the above statements is/are correct?

Consider the following statements regarding Ad Valorem Tariffs:

1. Ad valorem tariffs are charged as a fixed percentage of the value of imported goods.

2. They remain constant regardless of the price of the product.

3. A 26% tax on Indian imports is an example of an ad valorem tariff.

Which of the above statements is/are correct?

Consider the following statements regarding the Forest Rights Act, 2006:

1. The Act provides for recognition of both individual and community forest rights.

2. The maximum area of forest land that can be claimed under individual rights is 2 hectares.

3. Rights under the Act can be claimed only if the forest dwellers have been residing in the forest for at least 75 years.

Which of the above statements is/are correct?

Consider the following statements regarding the Tipiṭaka in Buddhism:

1. The term Tipiṭaka means “Three Baskets” in Pāli and refers to the core Buddhist scriptures.

2. The Vinaya Piṭaka contains the philosophical teachings of the Buddha in the form of sermons and parables.

3. The Sutta Piṭaka includes collections such as the Digha Nikāya and Majjhima Nikāya.

Which of the above statements is/are correct?