INSIGHTS CURRENT AFFAIRS ( 13 May 2020) REVISION THROUGH MCQS

Ans: (b)

Explanation:

• Nutrition for Growth (N4G) is a global pledging moment to drive greater action toward ending malnutrition and helping ensure everyone, everywhere can reach their full potential.
• Why in news?
  • The Global Nutrition Report was conceived following the first Nutrition for Growth Initiative Summit (N4G) in 2013 as a mechanism for tracking the commitments made by 100 stakeholders spanning governments, aid donors, civil society, the UN and businesses.

Refer: https://www.insightsonindia.com/2020/05/13/global-nutrition-report/

Ans: (c)

Explanation:

• Stat1: Agricultural income earned by a taxpayer in India is exempt under Section 10(1) of the Income Tax Act, 1961. Also agricultural income is tax-free without any limit. one can have an unlimited amount of agricultural income without paying even a single rupee towards income tax.
• Stat2: Source: though the market fee is collected just like a tax, the revenue earned by the APMCs does not go to the State exchequer and hence does not require the approval of State legislature to utilize the funds so collected. Thus APMC operations are hidden from scrutiny.

Refer: https://www.insightsonindia.com/2020/05/13/rajasthans-krishi-kalyan-fees/

Ans: (d)

Explanation:

• Stat1: Agricultural Markets in most parts of the Country are established and regulated under the State APMC Acts. The whole geographical area in the State is divided and declared as a market area wherein the markets are managed by the Market Committees constituted by the State Governments. Once a particular area is declared a market area and falls under the jurisdiction of a Market Committee, no person or agency is allowed freely to carry on wholesale marketing activities. The monopoly of Government regulated wholesale markets has prevented development of a competitive marketing system in the country, providing no help to farmers in direct marketing, organizing retailing, a smooth raw material supply to agro-processing industries and adoption of innovative marketing system and technologies
• Stat2 and 3: There will be no compulsion on the growers to sell their produce through existing markets administered by the Agricultural Produce Market Committee (APMC). However, agriculturist who does not bring his produce to the market area for sale will not be eligible for election to the APMC. (Section-14)
• The APMC have been made specifically responsible for:
  • ensuring complete transparency in pricing system and transactions taking place in market area;
  • providing market-led extension services to farmers;
  • ensuring payment for agricultural produce sold by farmers on the same day;
  • promoting agricultural processing including activities for value addition in agricultural produce;
  • publicizing data on arrivals and rates of agricultural produce brought into the market area for sale.
  • Setup and promote public private partnership in the management of agricultural markets.

Refer: https://www.insightsonindia.com/2020/05/13/insights-daily-current-affairs-pib-summary-13-may-2020/

Ans: (d)

Explanation:

• Launched by the Union Ministry of MSME.
• It is a Technology driven Control Room-Cum-Management Information System.
• CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.
  • It utilises modern ICT tools such as telephone, internet and video conference, and aims to assist Indian MSMEs to march into big league as National and Global CHAMPIONS.
  • It aims to make the smaller units big by providing them various facilities such as solving their grievances, encouraging, supporting, helping and hand holding.

Refer: Facts for Prelims: https://www.insightsonindia.com/2020/05/13/insights-daily-current-affairs-pib-summary-13-may-2020/

Ans: (c)

Explanation:

• Sohrai Khovar Painting: Jharkhand
• Telia Rumal cloth: Telangana
• Cheriyal Scroll Paintings: Telangana
• Madhubani Paintings: Bihar

Refer: Facts for Prelims: https://www.insightsonindia.com/2020/05/13/insights-daily-current-affairs-pib-summary-13-may-2020/

Ans: (b)

Explanation:

• Instituted in the year 1995 on the occasion of the 125th birth anniversary of Mahatma Gandhi.
• This annual award is given to individuals and institutions for their contributions towards social, economic and political transformation through non-violence and other Gandhian methods.
• The award carries a cash prize of Rs 1 crore, a citation and a Plaque as well as an exquisite traditional handicraft/handloom item.
• The Award for every year is selected by a Jury under the Chairmanship of the Prime Minister.
• It is open to all persons regardless of nationality, creed, race or sex.
• The prize is not awarded posthumously.

Refer: Facts for Prelims: https://www.insightsonindia.com/2020/05/13/insights-daily-current-affairs-pib-summary-13-may-2020/

Ans:(b)

Explanation:

• Statement 1: Known as Greater Himalayas, its average elevation is six thousand metre.
• It is the most continuous range, snow bound and many glaciers descend from this range. It has high peaks like Mt. Everest, Kanchenjunga, Makalu, Dhaulagiri, Nanga Parbat etc. having a height of more than 8000 metres.
• Statement 2: The altitude of this range lies between 1000 and 4500 metres and the average width is 50 KM.
• The Prominent ranges in this are Pir Panjal, Dhaula Dhar and Mahabharata ranges. It compresses of many famous hill stations like Shimla, Dalhousie Darjeeling, Chakrata, Mussoorie, Nanital etc.
• Statement 3: It is the outer most range of the Himalayas. The altitude varies between 900-1100 meters and the width ranges between 10-50 KM. They have low hills like Jammu Hills, etc. The valleys lying between Siwalik and Lesser Himalayas (Himachal) are called ‘Duns’ like Dehra Dun, Kotli Dun and Patli Dun.

Refer: https://www.indiatoday.in/trending-news/story/jalandhar-sees-dhauladhar-range-the-first-time-ever-stunned-internet-thanks-lockdown-1662978-2020-04-03

Ans: (d)

Explanation:

• Stat1: The line segment should actually join Saudi Arabia and Iran.
• Stat2: It is not an extension of Red Sea, but it lies on the way from Persian Gulf to Arabian Sea near Iran, Oman and UAE.

Refer: Google Map

Ans: (b)

Explanation:

• Suppose an oil refinery is launched.
• The private marginal costs refer to the establishment costs. Social marginal cost refers to the price the community has to pay in terms of sacrificing natural resources, bearing pollution, oil spills etc.
• High social MC should be discouraged.
• However, if the plant provides greater benefits for the locals in terms of employment, introduces ecological measures and reduces the social MC, its economic benefits will outweigh its cost and thus preferable.

Refer: https://www.thehindu.com/sci-tech/energy-and-environment/shashi-tharoor-slams-proposed-eia-notification/article31560619.ece

Ans: (c)

Explanation:

• East Timor lies farthest from India in the South-east Asian countries. It is an island ringed by coral reefs with high marine biodiversity.

Refer: Google Maps