Q3, 12th April 2017 (Click HERE): Regarding Part IVA – the answer is correct. For further clarity, here is one of the Fundamental Duties – “to promote harmony and the spirit of common brotherhood amongst all the people of India transcending religious, linguistic and regional or sectional diversities and to renounce practices derogatory to the dignity of women;” – if this is observed in letter and spirit by every citizen, will this or not help alleviate the concerns expressed by Dr. Ambedkar? Whether this was introduced into the Constitution during Ambedkar’s time or not, is irrelevant in answering this question.
The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2017. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
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INSIGHTS CURRENT EVENTS QUIZ 2017
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1. Question
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Which one of the following nations is an Adriatic Sea-littoral nation?
The recent increase in the Minimum Support Price of Jute will benefit the Jute industry which supports the livelhihood of around 40 lakh farm families. These farm families are mainly concentrated in the states of
Correct
Solution: d.
These farm families are mainly concentrated in the States of West Bengal, Bihar and Assam which account for over 95% of the area as well as jute production in the country.
These farm families are mainly concentrated in the States of West Bengal, Bihar and Assam which account for over 95% of the area as well as jute production in the country.
The Government e-Marketplace Special Purpose Vehicle will NOT
Correct
Solution: b.
The Union Cabinet recently gave its approval for the setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV) as the National Public Procurement Portal as Section 8 Company registered under the Companies Act, 2013, for providing procurement of goods & services required by Central & State Government organizations.
A “Section 25” company is registered under Section 25 of the Companies Act, 1956. A similar company under the Companies Act 2013 is a “Section 8” company. (News associated with these section-companies often appear in the news).
This section provides an alternative to those who want to promote charity without creating a Trust or a Society for the purpose. It allows the formation of a company, which will exist as a legal entity in its own right, separate from the person promoting it.
The crucial bit, however, is that any company under this section must necessarily re-invest any and all income towards promoting the said object or charity. In essence, unlike a regular company, where owners and shareholders can make profits or receive dividends, no money gets out of a Section 25 company.
The Union Cabinet recently gave its approval for the setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV) as the National Public Procurement Portal as Section 8 Company registered under the Companies Act, 2013, for providing procurement of goods & services required by Central & State Government organizations.
A “Section 25” company is registered under Section 25 of the Companies Act, 1956. A similar company under the Companies Act 2013 is a “Section 8” company. (News associated with these section-companies often appear in the news).
This section provides an alternative to those who want to promote charity without creating a Trust or a Society for the purpose. It allows the formation of a company, which will exist as a legal entity in its own right, separate from the person promoting it.
The crucial bit, however, is that any company under this section must necessarily re-invest any and all income towards promoting the said object or charity. In essence, unlike a regular company, where owners and shareholders can make profits or receive dividends, no money gets out of a Section 25 company.
The recent approval given by the Cabinet in order to increase oil palm area and production will
Encourage oil palm plantation on large scale by corporate bodies
Lead to reduction in the area of wetlands
Require allocation of additional funds to the National Mission on Oilseeds and Oil Palm
Select the correct answer using the code given below:
Correct
Solution: a.
At present, oil palm development programme is being promoted in individual farmer’s field. There is no scope to provide assistance directly to private entrepreneurs/Cooperative bodies/Joint ventures for large scale plantation. Therefore, the Cabinet approved relaxation in restrictions for providing assistance to more than 25 hectare area also under NMOOP to attract corporate bodies towards oil palm and derive maximum benefit of 100% FDI. It further gave its approval to revise the norms of assistance mainly for planting materials, maintenance cost, inter-cropping cost and bore-well to make oil palm plantations attractive. The measures will yield following results:
To encourage oil palm plantation on large scale by corporate bodies and to utilize wastelands. By relaxing restrictions under NMOOP, private entrepreneurs/cooperative bodies/joint ventures will show their interest in investment in oil palm plantation and availing the NMOOP support.
To encourage farmers for oil palm cultivation in a bigger way. The revision of cost norms will motivate fanners for oil palm plantation.
There will be some financial implication in relaxing restrictions of area and up-scaling the norms of subsidies but the same would be accommodated within NMOOP fund. Therefore, no additional funds would be required.
At present, oil palm development programme is being promoted in individual farmer’s field. There is no scope to provide assistance directly to private entrepreneurs/Cooperative bodies/Joint ventures for large scale plantation. Therefore, the Cabinet approved relaxation in restrictions for providing assistance to more than 25 hectare area also under NMOOP to attract corporate bodies towards oil palm and derive maximum benefit of 100% FDI. It further gave its approval to revise the norms of assistance mainly for planting materials, maintenance cost, inter-cropping cost and bore-well to make oil palm plantations attractive. The measures will yield following results:
To encourage oil palm plantation on large scale by corporate bodies and to utilize wastelands. By relaxing restrictions under NMOOP, private entrepreneurs/cooperative bodies/joint ventures will show their interest in investment in oil palm plantation and availing the NMOOP support.
To encourage farmers for oil palm cultivation in a bigger way. The revision of cost norms will motivate fanners for oil palm plantation.
There will be some financial implication in relaxing restrictions of area and up-scaling the norms of subsidies but the same would be accommodated within NMOOP fund. Therefore, no additional funds would be required.
Which one of the following statements with reference to Oil Palm is NOT correct?
Correct
Solution: a.
The total production of edible oil in the country is about 9 million MT, while the domestic requirement is around 25 million MT. The gap between demand and supply is being met through imports, which amounted to Rs. 68,000 crores in 2015-16.
Palm oil contributes 70% of vegetable oil import and is one of the cheapest oil due to high productivity per hectare. Malaysia, Indonesia, Nigeria, Thailand and Columbia are the major oil palm producing countries. An average oil yield of 4-5 tonnes/ hectare has been recorded with oil palm against the highest oil yield of 1.3 tonnes/ hectare from rapeseed.
The revised norms of assistance (refer to italicised text in solution to previous question) will help with the development of oil palm plantations in the North Eastern States where the terrain is hilly and investment costs have hitherto deterred farmers from taking up oil palm cultivation.
The total production of edible oil in the country is about 9 million MT, while the domestic requirement is around 25 million MT. The gap between demand and supply is being met through imports, which amounted to Rs. 68,000 crores in 2015-16.
Palm oil contributes 70% of vegetable oil import and is one of the cheapest oil due to high productivity per hectare. Malaysia, Indonesia, Nigeria, Thailand and Columbia are the major oil palm producing countries. An average oil yield of 4-5 tonnes/ hectare has been recorded with oil palm against the highest oil yield of 1.3 tonnes/ hectare from rapeseed.
The revised norms of assistance (refer to italicised text in solution to previous question) will help with the development of oil palm plantations in the North Eastern States where the terrain is hilly and investment costs have hitherto deterred farmers from taking up oil palm cultivation.
