QUIZ – 2017: Insights Current Affairs Quiz, 17 October 2019

Solution: c)

It has been estimated that South America’s Lithium Triangle hosts about 54% of the world’s lithium resources. Lithium Triangle in Argentina, Chile and Bolivia.

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Solution: c)

Development banks are financial institutions that provide long-term credit for capital-intensive investments spread over a long period and yielding low rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems.

Development banks are also known as term-lending institutions or development finance institutions.

Features of development banks:

1. Such banks often lend at low and stable rates of interest to promote long-term investments with considerable social benefits.
2. Fund generation: To lend for long term, development banks require correspondingly long-term sources of finance, usually obtained by issuing long-dated securities in capital market, subscribed by long-term savings institutions such as pension and life insurance funds and post office deposits.
3. Support by the government: Considering the social benefits of such investments, and uncertainties associated with them, development banks are often supported by governments or international institutions.
4. Such support can be in the form of tax incentives and administrative mandates for private sector banks and financial institutions to invest in securities issued by development banks.

In 1955, the World Bank prompted the Industrial Credit and Investment Corporation of India (ICICI) — the parent of the largest private commercial bank in India today, ICICI Bank — as a collaborative effort between the government with majority equity holding and India’s leading industrialists with nominal equity ownership to finance modern and relatively large private corporate enterprises. In 1964, IDBI was set up as an apex body of all development finance institutions.

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Solution: d)

The capital of Indonesia, which is Jakarta at present, will be relocated to the province of East Kalimantan on the lesser populated island of Borneo.

It is also the largest Indonesian city with a population of 1 crore people and is located on the North West coast of the most populous island in the world, Java.

Solution: c)

• World Economic Forum has released its global Energy Transition index. The annual list ranks 115 economies on their ability to balance energy security and access with environmental sustainability and affordability.
• The index considers both the current state of the countries’ energy system and their structural readiness to adapt to future energy needs.
• Sweden retained its top spot on the list, followed by Switzerland and Norway in the second and third positions respectively.

·         India has moved up two places to rank 76th on a global energy transition index. WEF said India is amongst the countries with high pollution levels and has a relatively high CO2 intensity in its energy system

Solution: d)

The WAWE (Waste Management Accelerators for Aspire Women Entrepreneurs) summit is scheduled to be held in November-December 2019.

It will be jointly organized by All India Council for Technical Education (AICTE) and Institute of Waste Management (IIWM) at Jaipur.

This conclave will be part of a series of activities to encourage entrepreneurship amongst young graduates.

Theme: Make your own bag– empowering women to take up income generation activity and entrepreneurship in waste management by making a business out of this record creating concept. This conclave will be the largest gathering of young women students to promote entrepreneurship in waste management and providing alternatives to single use plastic carry bags.

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