DAY – 21 ( INSTA REVISION TEST)INSTA REVISION PLAN 2.0, 2020

Solution: B

Eligibility Criteria to get listed as Maharatna Status

1. Having Navratna status.
2. Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
3. Average annual turnover of more than Rs. 25,000 crore, during the last. 3 years.
4. Average annual net worth of more than Rs. 15,000 crore. during the last 3 years.
5. Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
6. Should have significant global presence/international operations.

Solution: A

India is one of the major oilseeds grower and importer of edible oils India’s vegetable oil economy is world’s fourth largest after USA. China & Brazil.

The total production of edible oil in the country is about 9 million MT, while the domestic requirement is around 25 million MT.

A substantial portion of India’s requirement of edible oil is met through import of palm oil.   Palm oil contributes 70% of vegetable oil import and is one of the cheapest oil due to high productivity per hectare.

Technology Mission on Oilseeds and National Mission on Oilseeds and Oil Palm are some of the initiatives taken from the government.

Solution: A

The Sakharov Prize for Freedom of Thought, commonly known as the Sakharov Prize, honours individuals and groups of people who have dedicated their lives to the defense of human rights and freedom of thought.

Ilham Tohti, an Uyghur economist fighting for the rights of China’s Uyghur minority, is the winner of the European Parliament’s Sakharov Prize for Freedom of Thought in 2019. It is given by European Parliament.

The winner was chosen by Parliament’s political leaders on 24 October 2019.

Solution: D

The Economist Intelligence Unit has released the 2019 edition of Global Microscope on Financial Inclusion report.

The 2019 edition of Global Microscope report features 11 new gender focussed indicators that measure financial inclusion for both women as well as men.

The Microscope report was first published in 2007 and was originally developed for countries in Latin American and Caribbean regions but in 2009 it was expanded into a global study.

Solution: D

Exercise Sampriti is a joint military exercise between Indian Army and Bangladesh Army.

Exercise Hand in Hand is a joint military exercise between Indian Army and Chinese Army.

Solution: D

The International Energy Agency launched the 2019 edition of the Global EV Outlook, the flagship publication of the Electric Vehicles Initiative (EVI), at the 10^th Clean Energy Ministerial (CEM) meeting in Vancouver on 27 May 2019.

The Global EV Outlook combines historical analysis with projections to 2030, providing key insights on electric vehicle and charging infrastructure deployment, ownership cost, energy use, carbon dioxide emissions and battery material demand.

Solution: B

When a bank is liquidated, depositors are entitled to receive an insurance amount of Rs. 1 lakh per individual from the Deposit Insurance and Credit Guarantee Corporation of India (I)ICGC). The Rs. 1 lakh insurance limit includes both principal and interest dues across savings bank accounts,

current accounts, fixed deposits and recurring deposits held with the bank.

When a bank fails to pay up the premium for deposit insurance, DICGC sometimes deregisters the bank and its insurance cover ceases.

Deposit insurance covers all commercial banks and foreign banks operating in India. State, Central and Urban Cooperative Banks. Local area banks and Regional rural banks.

If a person has multiple hank accounts with the same bank, he/she will receive only Rs. 1 lakh as insurance payout against all the accounts held in your name.

Solution: D

Context: Government of India has accorded ‘Maharatna’ status to public sector undertakings (PSUs) Hindustan Petroleum Corporation Limited (HPCL) and Power Grid Corporation.

The criteria laid down by the Government for grant of Maharatna status to Central Public Sector Enterprises (CPSEs) is given below:

Criteria for grant of Maharatna status to CPSEs

The CPSEs meeting the following criteria are eligible to be considered for grant of Maharatna status.

1. Having Navratna status
2. Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
3. An average annual turnover of more than Rs. 25,000 crore during the last 3 years
4. An average annual net worth of more than Rs. 15,000 crore during the last 3 years
5. An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
6. Should have significant global presence/international operations.

Maharatna CPSEs

1. Bharat Heavy Electricals Limited
2. Bharat Petroleum Corporation Limited
3. Coal India Limited
4. GAIL (India) Limited
5. Hindustan Petroleum Corporation Limited
6. Indian Oil Corporation Limited
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited
9. Power Grid Corporation of India Limited
10. Steel Authority of India Limited

https://dpe.gov.in/about-us/divisions/list-maharatna-navratna-and-miniratna-cpses

https://pib.gov.in/PressReleseDetail.aspx?PRID=1594624

Solution: B

 Unified Payments Interface (UPI)

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

With the above context in mind, NPCI conducted a pilot launch with 21 member banks.

How is it unique?

• Immediate money transfer through mobile device round the clock 24*7 and 365 days.
• Single mobile application for accessing different bank accounts.
• Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.
• Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
• Bill Sharing with friends.
• Best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
• Merchant Payment with Single Application or In-App Payments.
• Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
• Donations, Collections, Disbursements Scalable.
• Raising Complaint from Mobile App directly.

https://tech.economictimes.indiatimes.com/amp/news/mobile/upi-hits-1-billion-transactions-in-october/71788213

https://www.npci.org.in/product-overview/upi-product-overview

Solution: B

The Indian Ocean Rim Association is an inter-governmental organisation which was established on 7 March 1997.

The vision for IORA originated during a visit by late President Nelson Mandela of South Africa to India in 1995.

IORA’s apex body is the Council of Foreign Ministers (COM) which meets annually. The United Arab Emirates (UAE) assumed the role of Chair since November 2019 – November 2021, followed by the People’s Republic of Bangladesh. A committee of Senior Officials (CSO) meets twice a year to progress IORA’s agenda and consider recommendations by Working Groups and forums of officials, business and academics to implement policies and projects to improve the lives of people within the Indian Ocean Member States.

The Indian Ocean Dialogue (IOD) is a flagship initiative of the Indian Ocean Rim Association (IORA), with its origins in the 13th Council of Ministers meeting, held in November 2013 in Perth, Australia.

https://www.thehindu.com/news/national/indian-ocean-rim-to-get-boost-with-uae-bangladesh-at-helm/article29807558.ece

https://www.iora.int/en/about/about-iora

Solution: A

Environment Pollution Control Authority (EPCA) is Supreme Court mandated body tasked with taking various measures to tackle air pollution in the National Capital Region (NCR). It was notified in 1998 by Environment Ministry under Environment Protection Act, 1986.

The EPCA is also mandated to enforce Graded Response Action Plan (GRAP) in the city as per the pollution levels.
The EPCA had enforced several measures, including closure of the Badarpur thermal power plant, ban on brick kilns, hot mix plants and stone crushers, and construction activities.

Solution: A

The Universal Service Support Policy came into effect from 01.04.2002. The guidelines for universal service support policy were issued by DoT on 27th March 2002.The Indian Telegraph (Amendment) Act, 2003 giving statutory status to the Universal Service Obligation Fund (USOF) was passed by both Houses of Parliament in December 2003.

The Rules for administration of the Fund known as Indian Telegraph (Amendment) Rules, 2004 were notified on 26.03.2004. As per the Indian Telegraph Act 1885 (as amended in 2003, 2006), the Fund is to be utilized exclusively for meeting the Universal Service Obligation.

It is a non-lapsable fund and deposited into the Consolidated Fund of India.

The fund was created under department of telecommunications, Ministry of communication and information technology.

https://www.thehindu.com/business/Industry/telcos-likely-to-get-more-time-to-pay-42000-cr-in-spectrum-dues/article29770889.ece

http://www.usof.gov.in/usof-cms/usof-history.jsp

Solution: D

Context: The Rohingya refugees living in Bangladesh camps have agreed to move to Bhashan Char Island in the Bay of Bengal.

Bhashan Char is located in the estuary of the Meghna river.

It falls in an ecologically fragile area prone to floods, erosion and cyclone.

Bhasan Char, also known as Char Piya, is an island in Hatiya Upazila, Bangladesh. It is located in the Bay of Bengal, 37 miles from the coast. The island was formed with Himalayan silt in 2006. It spans 40 square kilometres.

Solution: C

Anthrax is a disease caused by a bacterium called Bacillus anthracis.

Anthrax is caused by a spore-forming bacterium. It mainly affects animals. Humans can become infected through contact with an infected animal or by inhaling spores.

Symptoms depend on the route of infection. They can range from a skin ulcer with a dark scab to difficulty breathing.

Antibiotic treatment cures most infections. Inhaled anthrax is harder to treat and can be fatal.

Solution: A

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.

An NRI can open an NPS account. Contributions made by NRI are subject to regulatory requirements as prescribed by RBI and FEMA from time to time. Pension Fund Regulatory and Development Authority (PFRDA) have now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians.

NPS account can be opened only in individual capacity and cannot be opened or operated jointly or for and on behalf of HUF

https://economictimes.indiatimes.com/wealth/invest/now-overseas-citizen-of-india-can-invest-in-nps/articleshow/71817067.cms.

https://npscra.nsdl.co.in/all-faq-about-nps.php