QUIZ – 2017: Insights Current Affairs Quiz, 25 February 2019

Solution: d)

On 19 December 2016 the United Nations General Assembly proclaimed 2019 as the International Year of Indigenous Languages based on a resolution of the UN Permanent Forum on Indigenous Issues. The General Assembly resolution requested the United Nations Educational, Scientific and Cultural Organization (UNESCO) as the lead UN agency for coordination of the year.

Solution: c)

The Financial Sector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. This Commission is chaired by a former Judge of the Supreme Court of India, Justice B. N. Srikrishna and has an eclectic mix of expert members drawn from the fields of finance, economics, public administration, law etc.

The Commission would examine financial sector legislations, including subordinate legislations. The Commission would also examine the case for greater convergence of regulations and streamline regulatory architecture of financial markets.

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Solution: a)

Operation Digital Board (ODB) aims at converting a class room into a digital class room and provide e-resources at any time and at any place to students.

The digital board will be introduced all over the country in government and government aided schools from class 9th onwards as well as in higher education institutions.

The Operation Digital Board (ODB) will be implemented in the Higher Education Institutions (HEIs) by the University Grants Commission (UGC).

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Solution: c)

The Atmospheric Water Generator is being manufactured by BEL in collaboration with CSIR-IICT and MAITHRI, a start-up company based in Hyderabad.

BEL’s Atmospheric Water Generator employs a novel technology to extract water from the humidity present in the atmosphere and purify it.

• It uses heat exchange for condensing the atmospheric moisture to produce pure, safe and clean potable water.

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Solution: d)

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

The FATF has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.

India has become a full-fledged member of Financial Action Task Force (FATF). FATF membership is very important for India in its quest to become a major player in the International finance. It will help India to build the capacity to fight terrorism and trace terrorist money and to successfully investigate and prosecute money laundering and terrorist financing offences. India will benefit in securing a more transparent and stable financial system by ensuring that financial institutions are not vulnerable to infiltration or abuse by organized crime groups.

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