QUIZ – 2017: Insights Current Affairs Quiz, 07 September 2017

Solution: d.
Article 256 in The Constitution Of India (Obligation of States and the Union): The executive power of every State shall be so exercised as to ensure compliance with the laws made by Parliament and any existing laws which apply in that State, and the executive power of the Union shall extend to the giving of such directions to a State as may appear to the Government of India to be necessary for that purpose.

Improvisation: http://www.thehindu.com/todays-paper/attacks-by-cow-vigilantes-must-stop-sc-tells-states/article19633253.ece;
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Solution: b.
The Household Finance Committee chaired by Tarun Ramadorai was constituted in September 2016 to examine various aspects of household finance, and compare India’s position with other countries. Recommendations made by it include:
• Customised products: Indian households require customised financial products based on their unique economic conditions and traditions.
• Regulation: There is a need for a flexible framework which allows financial technology firms to test their financial products on a small scale, and in a controlled environment.
• Data privacy: Technological solutions to household finance rely on the households sharing their personal data with financial institutions. A data privacy framework for household finance should be considered.

http://www.prsindia.org/uploads/media/MPR/MPR-%20August%202017.pdf#page5;

Solution: c.
The report is based on a survey of 3,500 manufacturing firms across the country.
• Half of the businesses do not borrow from financial institutions, and one-third consider access to finance as a major business obstacle. The report suggested that enhancing low cost access to capital may improve the business environment.
• The survey found that some businesses were unaware about the single window facilities created by the states to facilitate grant of clearances and permissions.

http://www.prsindia.org/uploads/media/MPR/MPR-%20August%202017.pdf#page5
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Solution: a.
According to the Ministry of Road Transport and Highways’ ‘Road Accidents in India – 2016’ Report, drivers’ fault was identified as the main cause for Road Accidents – about 84.0% of total Road Accidents & 80.3% of Road Accident Deaths. Within drivers’ fault, over-speeding accounts for the most number of accidents and related deaths.

http://pib.nic.in/newsite/PrintRelease.aspx?relid=170577;
http://pibphoto.nic.in/documents/rlink/2017/sep/i20179601.pptx;
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Solution: c.
UJALA scheme has already been launched in the United Kingdom (UJALA-UK), and will now also be implemented in the Malaysian state of Melaka (anglicised version: Malacca).
• The Malaysian State of Melaka opens out to the Malacca Strait.
• UJALA stands for ‘Unnat Jyoti by Affordable Lighting for All’, which is a zero-subsidy programme
• In this initiative, the nodal organisation, EESL or Energy Efficiency Services Limited (under the Ministry of Power), had undertaken the task of setting up phase-wise LED distribution centres across the nation to provide people with affordable LED bulbs and energy efficient appliances. Due to bulk LED bulb procurement by EESL, a healthy competition rose among the manufacturers and this brought down the prices of LED bulbs in India from a range of about Rs. 300 – Rs.400 to about Rs. 70 per bulb. Through this journey, EESL began to majorly transform the market for energy efficient lighting in India in a mere span of only a year.
http://pib.nic.in/newsite/PrintRelease.aspx?relid=170569;