Friday Quiz - 1/2/19 - Trivia & Questions

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| By Karen Reddy

Karen Reddy

Community Contributor

Quizzes Created: 21 | Total Attempts: 3,611

Questions: 5 | Attempts: 100 | Updated: Mar 19, 2023

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Questions and Answers

1.

In the acronym NASA, the second A stands for Administration. For what does the first A stand?
- A.
  
  Aerospace
- B.
  
  Astronauts
- C.
  
  Aeronautics
- D.
  
  Acrobatics
Correct Answer
C. Aeronautics

Explanation
NASA is the National Aeronautics and Space Administration in the USA.

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2.

Which weapon would you associate with Damocles?
- A.
  
  Dagger
- B.
  
  Sword
- C.
  
  Gun
- D.
  
  Axe
Correct Answer
B. Sword

Explanation
The sword of Damocles was essentially a story used to warn people that with great power comes great responsibility that was famously told by the Roman storyteller Cicero.

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3.

You buy a hot cup of coffee from a local coffee shop, but they don't charge any VAT. Why?
- A.
  
  Coffee is zero rated for VAT, it's an essential item, not a luxury!
- B.
  
  Coffee is exempt from VAT.
- C.
  
  They're running a promotion, not charging VAT, to try and drum up business.
- D.
  
  The coffee shop turnover less than £85,000 a year, which is below the VAT threshold, so they aren't registered for VAT.
Correct Answer
D. The coffee shop turnover less than £85,000 a year, which is below the VAT threshold, so they aren't registered for VAT.

Explanation
For VAT registered suppliers, a hot cup of coffee is always a taxable supply, subject to 20% VAT. It would be illegal to just decide not to charge VAT for a promotion, so the only reasonable explanation is that the shop isn't registered for VAT, and as such don't have to charge it.

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4.

Panorama is the world’s longest-running current affairs TV show, but in what decade was it first broadcast?
- A.
  
  1940s
- B.
  
  1950s
- C.
  
  1960s
- D.
  
  1970s
Correct Answer
B. 1950s

Explanation
Panorama was first broadcast in 1953.

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Current Version
Mar 19, 2023

Quiz Edited by
ProProfs Editorial Team
Jan 30, 2019

Quiz Created by
Karen Reddy

Friday Quiz - 1/2/19

In the acronym NASA, the second A stands for Administration. For what does the first A stand?

Which weapon would you associate with Damocles?

You buy a hot cup of coffee from a local coffee shop, but they don't charge any VAT. Why?

Panorama is the world’s longest-running current affairs TV show, but in what decade was it first broadcast?