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

Solution: d)

Nalbana Bird Sanctuary is the core area of the Ramsar designated wetlands of Chilika Lake, Odisha.

The Bombay Natural History Society (BNHS) started operating its first regional centre on the campus of Wetland Research and Training Centre near Chilika Lake. The avifauna observatory will carry out research on avian disease by collecting samples and monitor Nalabana Bird Sanctuary.

Solution: b)

National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country.

This is different from the National Investment Fund.

NIIF is envisaged as a fund of funds with the ability to make direct investments as required. As a fund of fund it may invest in other SEBI registered funds.

The objective of NIIF would be to maximize economic impact mainly through infrastructure development in commercially viable projects, both Greenfield and brownfield, including stalled projects. It could also consider other nationally important projects, for example, in manufacturing, if commercially viable.

As per the operational framework approved on 20 August 2015 NIIF is not a single entity. There can be more than one fund. The NIIF will be established as one or more Alternate Investment Funds (AIF) under the SEBI Regulations.

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Solution: b)

The Union Ministry of Labour and Employment has launched the Pradhan Mantri Shram Yogi Maan-dhan Yojana (PM-SYM), a mega pension scheme for unorganised sector. The scheme was announced in the Interim Budget 2019.

PM-SYM is a voluntary and contributory pension scheme that will engage as many as 42 crore workers in the unorganised sector.

Eligibility:

1. The unorganised sector workers, with income of less than Rs 15,000 per month and who belong to the entry age group of 18-40 years, will be eligible for the scheme.
2. Those workers should not be covered under New Pension Scheme (NPS), Employees’ State Insurance Corporation (ESIC) scheme or Employees’ Provident Fund Organisation (EPFO).
3. He or she should not be an income tax payer.

Benefits:

• Minimum Assured Pension:Each subscriber under the scheme will receive minimum assured pension of Rs 3000 per month after attaining the age of 60 years.
• In case of death during receipt of pension:If the subscriber dies during the receipt of pension, his or her spouse will be entitled to receive 50 percent of the pension as family pension. This family pension is applicable only to spouse.
• In case of death before the age of 60 years:If a beneficiary has given regular contribution and dies before attaining the age of 60 years, his or her spouse will be entitled to continue the scheme subsequently by payment of regular contribution or may even exit the scheme.

Contribution:

• Contribution by the Subscriber:The subscriber is required to contribute the prescribed contribution amount from the age of joining the scheme till the age of 60 years.
• Medium of contribution:The subscriber can contribute to the PM-SYM through ‘auto-debit’ facility from his or her savings bank account or from his or her Jan- Dhan account.
• Equal contribution by the Central Government:Under the PM-SYM, the prescribed age-specific contribution by the beneficiary and the matching contribution by the Central Government will be made on a ‘50:50 basis’.

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            Solution: a)

Momentum for Change is an initiative spearheaded by the UN Climate Change secretariat to shine a light on the enormous groundswell of activities underway across the globe that are moving the world toward a highly resilient, low-carbon future. Momentum for Change recognizes innovative and transformative solutions that address both climate change and wider economic, social and environmental challenges.

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Solution: d)

NASA’s ICESat-2 — has mapped melting ice sheets in Antarctica and the resulting sea level rise across the globe, which could help improve climate forecasts.

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