QUIZ – 2020: Insights Current Affairs Quiz, 6 May 2020

Solution: b)

National Jute Board is governed by National Jute Board Act-2008, as framed by the Ministry of Textiles, Govt. of India and enacted by the Parliament on February 12, 2009.

Tea Board India also comes under the Ministry of Commerce and Industry.

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Solution: b)

Fair and Remunerative Price is the minimum price at which rate sugarcane is to be purchased by sugar mills from farmers. FRP is fixed by Union government on basis of recommendations of Commission for Agricultural Costs and Prices (CACP).

Sugarcane’s FRP is determined under Sugarcane (Control) Order, 1966.

Some states announce a State Advised Price, which is generally higher than the FRP.

Solution: d)

Ethanol-blending in petrol had risen to a record 6.2% in 2019, rising nearly tenfold in six years.

The government aims to achieve 10% blending percentage of ethanol in petrol by 2022 to cut dependence on energy import, promote the use of environment-friendly fuel and boost the agriculture sector.

“Ethanol blending percentage as on 17th June 2019 has increased to 6.20% as compared to 0.67% in supply year 2012-13,”
The government has been exploring an alternate route of encouraging production of second generation (2G) ethanol from biomass and other wastes to bridge the supply gap for ethanol blending programme.

“Setting up of 2G Bio-refineries will help reduce crop burning by converting agricultural residues to ethanol which will help in reducing pollution and ensure a cleaner environment.
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Solution: b)

The Ministry of Corporate Affairs has issued an FAQ on what qualifies as contribution towards CSR activities of the corporates in their fight against Covid-19.

The FAQ clarifies that contribution made towards the PM Care fund qualifies as CSR, funds given to Chief Minister’s Relief Fund does not qualify as CSR. ‘Chief Minister’s Relief Fund’ or ‘State Relief Fund for COVID-19’ is not included in Schedule VII of the Companies Act, 2013 and therefore any contribution to such funds shall not qualify as admissible CSR expenditure.

Among other expenditures that are considered as CSR include contributions made to state disaster management authority to fight against Covid-19, spending on Covid-19 related activities like preventive health care and sanitation and any ex-gratia paid to temporary/casual workers over and above their daily wages.

However, the ministry clarified that daily wages to workers is part of moral/humanitarian/contractual obligation of employers and can’t be considered as CSR spend.

The PM CARE fund was established to receive contributions from those who wanted to do their bit in combating the Coronavirus pandemic.

As per the MCA circular, Schedule 7 of the Companies Act, 2013, contribution to any fund set up by the central government for socio-economic development and relief qualifies as CSR expenditure.

Under Section 135 of the Companies Act, 2013, every company having net worth of at least ₹500 crore, turnover of ₹1,000 crore or more, or a minimum net profit of ₹5 crore during the immediate preceding financial year has to make CSR expenditure.

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Solution: c)

“Biodiversity Heritage Sites” (BHS) are well defined areas that are unique, ecologically fragile ecosystems – terrestrial, coastal and inland waters and, marine having rich biodiversity comprising of any one or more of the following components: richness of wild as well as domesticated species or intra-specific categories, high endemism, presence of rare and threatened species, keystone species, species of evolutionary significance, wild ancestors of domestic/cultivated species or their varieties, past pre-eminence of biological components represented by fossil beds and having significant cultural, ethical or aesthetic values and are important for the maintenance of cultural diversity, with or without a long history of human association with them.

Under Section 37 of Biological Diversity Act, 2002 (BDA) the State Government in consultation with local bodies may notify in the official gazette, areas of biodiversity importance as Biodiversity Heritage Sites (BHS).

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