QUIZ – 2020: Insights Current Affairs Quiz, 21 January 2021

Solution: a)

The “4 per 1000” initiative intends to increase soil organic matter and carbon sequestration through the implementation of agricultural practices adapted to local environmental, social and economic conditions, such as agro-ecology, agro-forestry, conservation agriculture or landscape management.

The initiative commits stakeholders to transition towards productive and highly resilient agriculture, based on the appropriate management of lands and soils, creating jobs and incomes and consequently promoting sustainable development.

This initiative is part of the Global Climate Action Plan (GCAA) adopted by the UNFCCC at COP 22 as a follow-up to the COP 21 Lima-Paris Plan of Action and contributes to the goal of reaching a land-degradation neutral world.

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Solution: d)

Solution: b)

Coal mine workers and communities around coal mines face many adverse diseases, prominent among them pneumoconiosis (commonly known as black lung disease) due to the inhalation of coal dust, as well as diseases due to polluted drinking water.

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Solution: c)

The Green Climate Fund (GCF) is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

It was set up by the countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism.

GCF’s activities are aligned with the priorities of developing countries through the principle of country ownership, and the Fund has established a direct access modality so that national and sub-national organisations can receive funding directly, rather than only via international intermediaries.

The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.

The Fund’s investments can be in the form of grants, loans, equity or guarantees.

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Solution: c)

The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.

The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.

It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR. The SDR also serves as the unit of account of the IMF and some other international organizations.

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