QUIZ – 2020: Insights Current Affairs Quiz, 2 November 2020

Solution: c)

In order to help the jute industry, the government decided that 100% food grains and 20% sugar will be mandatorily packaged in jute bags.

The government has expanded the scope of mandatory packaging norms under the Jute Packaging Material (JPM) Act, 1987.

Jute is primarily grown in West Bengal, Odisha, Assam, Meghalaya, Tripura and Andhra Pradesh.

Government announces minimum support prices (MSPs) for Raw Jute.

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Solution: b)

Recently India and USA signed Basic Exchange and Cooperation Agreement (BECA) during the third edition of the 2+2 dialogue.

The inking of the BECA completes finalisation of four key pacts between the two countries which were identified as crucial to significantly expand the strategic ties.

General Security of Military Information Agreement (GSOMIA) was signed by the two countries in 2002. The GSOMIA provides for specific measures to ensure security standards for safeguarding critical information shared by the U.S. with India.

The two countries inked the Logistics Exchange Memorandum of Agreement (LEMOA) in 2016 that allows their militaries use each other’s bases for repair and replenishment of supplies as well as provide for deeper cooperation.

India and the U.S. signed another pact called COMCASA (Communications Compatibility and Security Agreement) in 2018 that provides for interoperability between the two militaries and provides for sale of high-end technology from the U.S. to India.

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Solution: d)

BECA will help India get real-time access to American geospatial intelligence that will enhance the accuracy of automated systems and weapons like missiles and armed drones. Through the sharing of information on maps and satellite images, it will help India access topographical and aeronautical data, and advanced products that will aid in navigation and targeting.

BECA will provide Indian military systems with a high-quality GPS to navigate missiles with real-time intelligence to precisely target the adversary.

Besides the sailing of ships, flying of aircraft, fighting of wars, and location of targets, geospatial intelligence is also critical to the response to natural disasters.

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Solution: a)

Sectors which attracted maximum foreign inflows during 2019-20 include services ($7.85 billion), computer software and hardware ($7.67 billion), telecommunications ($4.44 billion), trading ($4.57 billion), automobile ($2.82 billion), construction ($2 billion), and chemicals ($one billion), the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.
Foreign direct investment into India rose 13% to $49.97 billion in FY20 from $44.36 billion a year earlier.
Singapore remained the top source of FDI, accounting for $14.67 billion, followed by Mauritius at $8.24 billion

Among states, Maharashtra garnered the highest share of FDI at 30% with investments clocking $7.26 billion. Karnataka and Delhi followed with 18% and 17% share, respectively.
In India Brownfield investment is more dominant than in the world. If investments tend to be in the form of mergers and acquisitions, it is known as brownfield investment.

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Solution: c)

Supercomputers are used for a wide range of computationally intensive tasks in various fields, including quantum mechanics, weather forecasting, flood prediction, climate research, oil and gas exploration, genomics and drug discovery.