QUIZ – 2017: Insights Current Affairs Quiz, 13 August 2019

Solution: c)

India and Nepal have successfully concluded the ‘testing transfer’ of the Rs 325 crore Motihari-Amlekhgunj oil pipeline. Along with reducing the huge transportation cost for the landlocked country, the commercial operation of the oil project will also ensure reduction in fuel prices. The 69-km long petroleum pipeline from Motihari in Bihar to Amelkhgunj in Nepal has been constructed by India.

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Solution: d)

Van Dhan Vikas Karyakram is an initiative targeting livelihood generation for tribal population by harnessing the wealth of forest i.e. Van Dhan. The programme aims to tap into the traditional knowledge and skill sets of tribal people by adding technology and Information Technology for upgradation of output at each stage and to convert the tribal wisdom into a remunerative economic activity. Van Dhan Vikas Karyakram seeks to promote and leverage the collective strength of tribal people to achieve a viable scale.

Implementation of Van Dhan Vikas Karyakram is through Van Dhan Kendras. Selection of a place for setting up of a Van Dhan Kendra is dependent upon the area’s potential and availability of land to be provided by the State Government. The number of Van Dhan Kendras developed depends on the above factors.

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Solution: c)

The initiative is aimed at providing a Sustainable Alternative Towards Affordable Transportation (SATAT) as a developmental effort that would benefit both vehicle-users as well as farmers and entrepreneurs.

Compressed Bio-Gas plants are proposed to be set up mainly through independent entrepreneurs.

CBG produced at these plants will be transported through cascades of cylinders to the fuel station networks of OMCs for marketing as a green transport fuel alternative.

The entrepreneurs would be able to separately market the other by-products from these plants, including bio-manure, carbon-dioxide, etc., to enhance returns on investment.

Solution: b)

The Maternity Benefit Act originally provided maternity benefit of 12 weeks. In 2017, the law was amended to extend the period to 26 weeks.

• Women who legally adopt a child below the age of three months or a “commissioning mother” will be entitled to maternity benefit for 12 weeks from the date on which the child is handed over to her. A commissioning mother is defined as a biological mother who uses her egg to create an embryo implanted in another woman.

• It introduces a provision which requires every establishment to intimate a woman at the time of her appointment of the maternity benefits available to her.

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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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