QUIZ – 2017: Insights Current Affairs Quiz, 03 July 2019

Solution: c)

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.  It is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in various areas. The FATF Secretariat is housed at the OECD headquarters in Paris.

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.

The FATF blacklist or OECD blacklist has been issued by the Financial Action Task Force since 2000 and lists countries which it judges to be non-cooperative in the global fight against money laundering and terrorist financing, calling them “Non-Cooperative Countries or Territories” (NCCTs).

Once a country is blacklisted, FATF calls on other countries to apply enhanced due diligence and counter measures, increasing the cost of doing business with the country and in some cases severing it altogether.

Source

Solution: d)

The Shyama Prasad Mukherji Rurban Mission (SPMRM) is a unique programme, designed to deliver catalytic interventions to rural areas on the threshold of growth.

The Shyama Prasad Mukherji Rurban Mission (SPMRM) scheme was launched by Government of India in 2016 to deliver integrated project-based infrastructure in the rural areas, which will also include development of economic activities and skill development. The preferred mode of delivery is through Public Private Partnerships (PPPs) while using various scheme funds for financing.

Substantial part of the works identified for development in the clusters is focused on provision of basic and economic amenities. Provision of basic amenities in a cluster typically comprise; provision of 24/7 Water Supply to all households, Solid and Liquid Waste Management facilities at the household and cluster level, provision of Inter and Intra village roads within the cluster, adequate Street Lights and Public Transport facilities using green technologies. Provision of Economic Amenities in a cluster comprise various thematic areas in the sectors of Agri Services and Processing, Tourism, and Skill development to promote Small and Medium Scale Enterprises.

Source

Solution: d)

The Australian government is launching a campaign ‘Zero Chance’ to raise awareness among people trying to enter the country illegally by boats.

“The message of Zero Chance is simple. Anyone who tries to come illegally to Australia by boat has zero chance of success”. “They will be turned back from Australia if they attempt to come illegally by boat”.

Source

Solution: d)

India’s candidature for a non-permanent seat in the Security Council for the 2021-22 term has been endorsed unanimously by the Asia Pacific group, which comprises 55 countries, including Pakistan.

India has been a non-permanent member of the Security Council seven time previously: 1950-51, 1967-68, 1972-73, 1977-78, 1984-85, 1991-92 and 2011-12.

Each year, the General Assembly elects five non-permanent members out of a total of 10, for a two-year term.

Distribution of seats: These 10 seats are distributed among the regions thus: five for African and Asian countries; one for Eastern European countries; two for Latin American and Caribbean countries; two for Western European and other countries.

Solution: b)

As per the provisions of the RBI Act, out of the six Members of Monetary Policy Committee, three Members will be from the RBI and the other three Members of MPC will be appointed by the Central Government. In exercise of the powers conferred by section 45ZB of the Reserve Bank of India Act, 1934, the Central Government accordingly constituted, through a Gazette Notification dated 29^th Sept 2016, the Monetary Policy Committee of RBI.