Daily Quiz – 21.08.2026

1. It can enable fractional ownership of bonds by representing underlying securities through digital tokens recorded on a distributed ledger.
2. Bond tokenisation necessarily eliminates credit risk associated with the underlying bond because transactions are recorded on an immutable blockchain.

Which of the statements given above is/are correct?

1. The Bangalore Water Supply & Sewerage Board v. R. Rajappa (1978) judgment held that the existence of a profit motive is essential for an activity to qualify as an “industry”.
2. The Supreme Court has held that the 1978 interpretation will continue to govern pending disputes under the Industrial Disputes Act, 1947, but will not govern future disputes under the Industrial Relations Code, 2020.

Which of the statements given above is/are correct?

1. The landmark Bangalore Water Supply & Sewerage Board v. R. Rajappa judgment adopted a broad interpretation of the term ‘industry’ based substantially on the nature of the activity rather than the identity of the employer.
2. The recent nine-judge Constitution Bench judgment has held that the interpretation laid down in Bangalore Water Supply & Sewerage Board v. R. Rajappa will continue to govern all future disputes concerning the meaning of ‘industry’.

Which of the statements given above is/are correct?