QUIZ – 2020: Insights Current Affairs Quiz, 8 July 2020

Solution: c)

The US Supreme Court recently blocked a Trump administration order rescinding a popular Obama-era protection from deportation for hundreds of thousands of young undocumented immigrants, including many from India, who had been brought to this country as children.

President Barack Obama had issued the protection through an executive order in 2012 barring the deportation of undocumented immigrants who came here as children. Called the Deferred Action for Childhood Arrivals (DACA), the Trump administration rescinded it in November 2017. But it was blocked from going into effect by lower courts, and now by the highest court in the country.

Source

Solution: c)

An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches / subsidiaries of financial institutions (FIs) to India by offering business and regulatory environment that is comparable to other leading international financial centers in the world like London and Singapore.

It would provide Indian corporates easier access to global financial markets.

What are the services an IFSC can provide?

o Fund-raising services for individuals, corporations and governments.

o Asset management and global portfolio diversification undertaken by pension funds, insurance companies and mutual funds.

o Wealth management.

o Global tax management and cross-border tax liability optimization, which provides a business opportunity for financial intermediaries, accountants and law firms.

o Global and regional corporate treasury management operations that involve fund-raising, liquidity investment and management and asset-liability matching.

o Risk management operations such as insurance and reinsurance.

o Merger and acquisition activities among trans-national corporations.

Source

Solution: b)

Wetlands are regulated under the Wetlands (Conservation and Management) Rules, 2017. The 2010 version of the Rules provided for a Central Wetland Regulatory Authority; the 2017 Rules replace it with state-level bodies and created a National Wetland Committee, which functions in an advisory role. The newer regulations removed some items from the definition of “wetlands” including backwaters, lagoon, creeks, and estuaries.

Wetlands International is a global organisation that works to sustain and restore wetlands and their resources for people and biodiversity. It is an independent, not-for-profit, global organisation, supported by government and NGO membership from around the world.

Solution: b)

The broad objective of the Non-lapsable Central Pool of Resources scheme is to ensure speedy development of infrastructure in the North Eastern Region by increasing the flow of budgetary financing for new infrastructure projects/schemes in the Region.

Both physical and social infrastructure sectors such as Irrigation and Flood Control, Power, Roads and Bridges, Education, Health, Water Supply and Sanitation – are considered for providing support under the Central Pool, with projects in physical infrastructure sector receiving priority.

The Ministry for Development of North-eastern Region (DoNER) allocates funds from NLCPR to various Northeast states for infrastructure projects.

Solution: a)

The Goldilocks Zone refers to the habitable zone around a star where the temperature is just right – not too hot and not too cold – for liquid water to exist on a planet.

Just because a planet or moon is in the Goldilocks Zone of a star, doesn’t mean it’s going to have life or even liquid water.

After all, Earth isn’t the only planet in the Sun’s Goldilocks Zone – Venus and Mars are also in this habitable zone, but aren’t currently habitable.

Source