5 March : Daily Current Affairs Quiz

Answer: Option C - Simplify tax laws to enhance compliance and reduce legal disputes.

Explanation:

• The Income-Tax Bill, 2025, aims to simplify tax laws, making them more accessible for taxpayers and administrators.
• The government intends to reduce legal disputes, improve transparency, and create a fairer tax environment.
• However, critics argue that the Bill retains much of the existing law’s complexity and may lead to new legal uncertainties rather than significantly improving tax administration or compliance.

Answer: Option B - A system where resources are continuously reused, minimizing waste and environmental impact.

Explanation:

• A closed-loop system in a circular economy ensures that products, materials, and resources are reused, refurbished, or recycled, reducing waste and environmental impact.
• Unlike a linear economy, which follows a "take-make-dispose" model, a closed-loop system minimizes resource extraction and landfill waste.
• This approach enhances sustainability, conserves raw materials, and reduces pollution, making it a key principle in circular economy strategies.

Answer: Option B - A boundary separating distinct species between Asia and Australia.

Explanation:

• The Wallace Line is an invisible biogeographical boundary separating the distinct species of Asia and Australia.
• Proposed by Alfred Russel Wallace, it runs between Bali and Lombok, and between Borneo and Sulawesi, marking a sharp transition in flora and fauna.
• This concept played a crucial role in shaping modern biogeography by highlighting how deep-sea trenches acted as barriers to species migration despite geographical proximity.

Answer: Option B - The amount of carbon dioxide emitted per unit of economic output or energy consumed.

Explanation:

• Carbon intensity refers to the amount of carbon dioxide emitted per unit of economic output (GDP) or energy consumed.
• It is a key metric in climate policies, as reducing carbon intensity helps in achieving sustainable growth without proportionally increasing emissions.
• A decline in carbon intensity does not always mean lower absolute emissions, as total emissions can still rise if economic or energy output expands significantly.

Answer: Option C - Article 82 of the Constitution

Explanation:

• Article 82 of the Indian Constitution mandates the reallocation of Lok Sabha and State Assembly seats after each Census through a Delimitation Commission.
• This independent body is established under the Delimitation Act, passed by Parliament.
• It ensures fair representation by redrawing constituency boundaries.
• The last delimitation was based on the 2001 Census, with a freeze on seat increases until 2026 to maintain population balance among states.