QUIZ – 2017: Insights Current Affairs Quiz, 06 February 2019

Solution: c)

The first coastal defence Exercise Sea Vigil, conducted by the Navy and Coast Guard, in close coordination with State Governments and Union Territories concluded on 23 Jan 2019. It was the largest such exercise the country had ever witnessed in recent times and saw participation by more than 100 ships, aircraft and patrol boats manned and operated by various security agencies.

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Solution: a)

The first Sustainable Blue Economy Conference was held in Nairobi, capital of Kenya. It was organized by Kenya and co-hosted by Japan and Canada.

It builds on the momentum of the UN’s 2030 Agenda for Sustainable Development, the 2015 Climate Change Conference in Paris and the UN Ocean Conference 2017 “Call to Action”.

“India endorses the growth of the Blue Economy in a sustainable, inclusive and people centered manner through the framework of the Indian Ocean Rim Association (IORA)”.

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Solution: c)

The Chairman of the FSDC is the Finance Minister of India and its members include the heads of the financial sector regulatory authorities (i.e, SEBI, IRDA, RBI, PFRDA and FMC) , Finance Secretary and/or Secretary, Department of Economic Affairs (Ministry of Finance), Secretary, (Department of Financial Services, Ministry of Finance) and the Chief Economic Adviser.

A sub-committee of FSDC has also been set up under the chairmanship of Governor RBI. The Sub-Committee discusses and decides on a range of issues relating to financial sector development and stability including substantive issues relating to inter-regulatory coordination.

Council would monitor macro prudential supervision of the economy, including the functioning of large financial conglomerates. It will address inter-regulatory coordination issues and thus spur financial sector development. It will also focus on financial literacy and financial inclusion. What distinguishes FSDC from other such similarly situated organizations across the globe is the additional mandate given for development of financial sector.

Solution: a)

The Convention on Wetlands, called the Ramsar Convention, is the intergovernmental treaty that provides the framework for the conservation and wise use of wetlands and their resources.

The Convention was adopted in the Iranian city of Ramsar in 1971 and came into force in 1975. Since then, almost 90% of UN member states, from all the world’s geographic regions, have acceded to become “Contracting Parties”.

The Convention uses a broad definition of wetlands. It includes all lakes and rivers, underground aquifers, swamps and marshes, wet grasslands, peatlands, oases, estuaries, deltas and tidal flats, mangroves and other coastal areas, coral reefs, and all human-made sites such as fish ponds, rice paddies, reservoirs and salt pans.

Montreux Record under the Convention is a register of wetland sites on the List of Wetlands of International Importance where changes in ecological character have occurred, are occurring, or are likely to occur as a result of technological developments, pollution or other human interference.

It is maintained as part of the Ramsar List.

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Solution: a)

Operation Smile also called as Operation MUSKAAN is an initiative of the Ministry of Home Affairs (MHA) to rescue/rehabilitate missing children. It is a dedicated campaign for a month where several activities are taken up by the State Police personnel to trace and rescue the missing children and reunite them with their families.

The “Operation MUSKAAN -III” was taken up during July, 2017 throughout the country as a follow up of the earlier campaigns to rescue/rehabilitate the missing children.

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