QUIZ – 2017: Insights Current Affairs Quiz, 17 April 2018

Solution: a.

http://www.thehindu.com/news/national/centre-ties-up-with-iit-delhi-for-safety-switches-on-vehicles/article23550273.ece;

Solution: b.

• PMUY scheme provides assistance of Rs. 1600/- to the woman beneficiary, comprising security deposit of 14.2 Kg cylinder and domestic pressure regulator; suraksha hose; domestic gas consumer card and installation charges.
• The customer will have to pay towards purchase of LPG stove and first refill charges at the time of release of new LPG connection under the scheme. Beneficiaries will have the option to either make upfront payment or avail the EMI option. (Cost of LPG stove or Refill or both will be recovered on EMI basis by the OMCs from the subsidy amount due to the consumer on purchase of each refill.)

From 2017: http://pib.nic.in/newsite/PrintRelease.aspx?relid=167449;

PMUY FAQs;

TH;

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Solution: b.

In response to mounting concern over money laundering, the Financial Action Task Force on Money Laundering (FATF) was established by the G-7 Summit that was held in Paris in 1989.

• Among the key recommendations of the FATF, an international body that sets global standards for fighting illicit finance, is that money laundering be made a standalone offence.
• Despite several amendments, the Prevention of Money Laundering Act (PMLA) remains a predicate-offence-oriented law. This means a case under the Act depends on the fate of cases pursued by primary agencies such as the CBI, the Income Tax Department or the police. The latest instances are the verdicts in the 2G spectrum and Aircel-Maxis cases by the CBI courts, in which the money laundering angle probed by the Enforcement Directorate fell apart.
• After analysing the PMLA provisions in its first mutual evaluation of India, the FATF recommended that “legal measures are taken to allow for confiscation of the money laundered as subject of the ML [money laundering] offence and which is not contingent on conviction for the predicate offence [stand-alone ML offence].”

Mutual evaluations are strict and a country is only deemed compliant if it can prove this to the other members. In other words, the onus is on the assessed country to demonstrate that it has an effective framework to protect the financial system from abuse. Mutual Evaluations have two basic components, effectiveness (this is the focus of the on-site visit to the assessed country) and technical compliance (the assessed country must provide information on the laws, regulations and any other legal instruments it has in place to combat money laundering and the financing of terrorism and proliferation).

http://www.thehindu.com/todays-paper/tp-national/pmla-will-need-more-changes/article23551886.ece;

Solution: d.

The Bar Council of India (BCI) is a statutory body created by Parliament to regulate and represent the Indian bar (It was established under the Advocates Act, 1961).

• It prescribes standards of professional conduct and etiquette and exercises disciplinary jurisdiction over the bar.
• It also sets standards for legal education and grants recognition to Universities whose degree in law will serve as qualification for enrolment as an advocate.
• In addition, the bar council performs certain representative functions by protecting the rights, privileges and interests of advocates and through the creation of funds for providing financial assistance to organise welfare schemes for them.

Improvisation: BCI often in the news; most recently – http://www.thehindu.com/news/national/kathua-rape-murder-mufti-accepts-resignations-of-bjp-ministers-present-at-rally/article23548880.ece;

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Solution: c.

Statement 1 is correct.

For the first time, the Light Combat Aircraft will be tested for its efficacy and integration in the operational matrix of the IAF.

For the first time, the IAF formalised the concept of a forward surgical centre (FSC). It is set up in a remote forward location to enhance the medical capabilities of a forward base away from a service hospital, thus providing medical facility to IAF and Army personnel in remote areas. Naliya is the first Air Force Station where such a centre has been operationalised, using men and material of the IAF.

Additional information about Gaganshakti: Apart from wartime drills, IAF will also practice and validate various Humanitarian Assistance and Disaster Relief drills that the IAF is expected to undertake from time to time.

PIB1;

Source: http://www.thehindu.com/news/national/air-force-tests-its-sinews-with-1110-aircraft-during-ongoing-military-exercise-gaganshakti/article23549746.ece;

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