21 February : Daily Current Affairs Quiz

Answer: Option C - Supreme Court Judges

Explanation:

• The Lokpal and Lokayuktas Act, 2013, grants the Lokpal jurisdiction over public servants, including MPs and Union Ministers.
• However, Supreme Court judges are excluded from its purview, as clarified in a recent Supreme Court ruling.
• The Lokpal’s authority extends to officers of PSUs but not to the judiciary.
• This distinction upholds the independence of the judiciary, preventing external interference in judicial functioning.

Answer: Option D - A condition characterized by stagnant economic growth, high inflation, and persistent unemployment.

Explanation:

• Stagflation is an economic situation where inflation remains high despite slow or negative economic growth and rising unemployment.
• It contradicts the usual economic theory that inflation and unemployment are inversely related.
• Stagflation makes policy decisions difficult, as controlling inflation through monetary tightening can further slow growth, while boosting growth through fiscal measures may worsen inflation.

Answer: Option C - Economic growth results from a dynamic equilibrium where supply creates its own demand within capacity limits.

Explanation:

• Economic growth is sustained when both supply (production) and demand (expenditure) interact dynamically.
• While Say’s Law suggests that supply creates its own demand, real-world constraints like purchasing power and production capacity influence this balance.
• Excess supply without demand leads to recession, while excessive demand without supply causes inflation.
• Thus, long-term growth requires a balanced, dynamic equilibrium between production and consumption.

Answer: Option B - Measurable indicators of biological processes, disease states, or treatment responses in the body

Explanation:

• Biomarkers are measurable indicators of biological processes, diseases, or treatment responses, found in blood, tissues, or body fluids.
• They help in early diagnosis, monitoring disease progression, and developing targeted therapies.
• Unlike option (a), biomarkers are not exclusively produced by diseased cells.
• Option (c) is incorrect as biomarkers include proteins and metabolites, not just genetic mutations.

Option (d) is incorrect since biomarkers have broader applications beyond drug formulation

Answer: Option D - Offensive Speech

Explanation:

• Article 19(2) of the Indian Constitution permits reasonable restrictions on free speech based on grounds such as national security, public order, decency, morality, contempt of court, defamation, incitement to an offense, and sovereignty and integrity of India.
• However, "offensive speech" is not a separate category under these restrictions.
• Merely offensive language does not automatically violate constitutional provisions unless it falls under the specified grounds for limiting free speech.