INSIGHTS CURRENT AFFAIRS (01 February 2020) REVISION THROUGH MCQS

Ans: (d)

Explanation:

• Dividend Distribution Tax: It is a tax levied on dividends that a company pays to its shareholders out of its profits.
• Securities transaction tax (STT) is a tax levied at the time of purchase and sale of securities listed on stock exchanges in India.
• Capital gains tax is a tax on the profit realized on the sale of a non-inventory asset.
• Angel tax is levied when a privately-held company raises funds at a rate higher than its “fair valuation.”

Refer: https://www.insightsonindia.com/2020/02/01/what-is-dividend-distribution-tax/

Ans: (d)

Explanation: The DICGC does not include the following types of deposits:

• Deposits of foreign governments.
• Deposits of central/state governments.
• Inter-bank deposits.
• Deposits of the state land development banks with the state co-operative bank.
• Any amount due on account of any deposit received outside India.
• Any amount specifically exempted by the DICGC with previous approval of RBI.

Refer: https://www.insightsonindia.com/2020/02/01/insurance-cover-on-bank-fds-deposits-increased-to-%e2%82%b95-lakh/

Ans: (b)

Explanation:

• Yellow Rust – Wheat
• Cavity spot –  Carrot
• Ikki    –            Groundnut
• Black Arm –    Cotton

Refer: https://www.insightsonindia.com/2020/02/01/yellow-rust/

Ans: (b)

Explanation:

• A constitution bench of the Supreme Court has ruled that an anticipatory bail cannot be limited to a fixed time period and can continue till the end of the trial.
• The judgment came in a reference made by a three-judge bench in the case of Sushila Aggarwal v. State of NCT of Delhi regarding the scope of Section 438 of the Code of Criminal Procedure (CrPC) which provides for grant of anticipatory bail.

Refer: https://www.insightsonindia.com/2020/02/01/what-is-anticipatory-bail/

Ans: (b)

Explanation: Here Directive word is not correct!!

• India’s first e-waste clinic to be set up in Bhopal.

Refer: Facts for Prelims: https://www.insightsonindia.com/2020/02/01/insights-daily-current-affairs-pib-summary-01-february-2020/

Ans: (d)

Explanation:

• The Reserve Bank of India has allowed Tokenisation of debit, credit and prepaid card transactions to enhance the safety of the digital payments ecosystem in the country.
• Tokenization will replace card details with a code, called a “token,” which will be specifically for the card, the token requestor and the device being used to pay. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems.
• The goal of the process is to improve the safety and security of payments.

Refer: https://www.insightsonindia.com/2019/01/10/rbi-allows-tokenization-of-card-transactions/

Ans: (b)

Explanation:

• The Assessment found that nitrates not only affected surface water but also polluted groundwater sources.
• Nitrous oxide (N2O) gas should not be confused with nitric oxide (NO) or nitrogen dioxide (NO2). Neither nitric oxide nor nitrogen dioxide are greenhouse gases. Nitrous oxide is a greenhouse gas.
• Sewage and organic solid wastes form the second largest source of N pollution in India.
• Nitrous oxide (N2O) is 300 times more potent than carbon dioxide but isn’t as prevalent in the atmosphere.

Refer: https://www.downtoearth.org.in/news/agriculture/when-n-means-noxious-59279

Ans: (d)

Explanation:

• Under its revised mandate TRIFED has stopped bulk procurement in Minor Forest Produce (MFP) and surplus Agricultural Produce (SAP) from Tribals.
• This procurement is now done by the State-level Tribal Cooperatives Societies/Federations.

Refer: https://www.insightsonindia.com/2019/02/26/nine-new-items-added-to-msp-for-minor-forest-produce-scheme/

Ans: (a)

Explanation:

The Ministry of Tribal Affairs (MoTA) has added nine minor forest produce (MFP) items to its minimum support price (MSP) for MFP scheme. The total number of MFPs covered under the list is 49.

The nine new items are: Bakul (dried bark), Kutaj (dried bark), Noni/Aal (dried fiuits), Sonapatha/Syonak pods, Chanothi seeds, Kalihari (dried tubers), Makoi (dried fiuits), Apang plant and Sugandhrnantri roots/tubers.

About MSP for MFP scheme:

The MSP for MFP scheme was started by the Centre in 2013 to ensure fair and remunerative prices to MFP gatherers. The total outlay for the scheme is Rs 967 crore as Centre’s share for the planned period (2013-14 to 2016-17).

The scheme is designed as a social safety net for improvement of livelihood of MFP gatherers by providing them fair price for the MFPs they collect.

The scheme has been started with the objective of providing fair price to MFP gatherers, enhance their income level and ensure sustainable harvesting of MFPs. The MSP scheme seeks assurance of buying at a particular price, primary processing, storage, transportation etc while ensuring sustainability of the resource base.

Implementation of the scheme:

Ministry of Tribal Affairs, Government of India is the Nodal Ministry for implementation of the scheme which will announce Minimum Support Price (MSP) for the selected MFPs with the technical support from TRIFED.

TRIFED will act as the Central Nodal Agency for implementation and monitoring of the scheme through State level implementing agencies.

State designated agencies will undertake procurement of notified MFPs directly from MFP gatherers (individual or collectives) at haats notified procurement centers at grass root level at prefixed Minimum Support Price and ensure full & timely on the spot payment to MFP gatherers.

Refer: https://www.insightsonindia.com/2019/02/26/nine-new-items-added-to-msp-for-minor-forest-produce-scheme/

Ans: (c)

Explanation: