INSIGHTS CURRENT AFFAIRS ( 21 January 2021) REVISION THROUGH MCQS

Ans: (b)

Explanation: Who is Veer Savarkar?

• Born on May 28, 1883 in Bhagur, a city in Maharashtra’s Nashik.
• In his teenage, Savarkar formed a youth organization. Known as Mitra Mela, this organization was put into place to bring in national and revolutionary ideas.
• He was against foreign goods and propagated the idea of Swadeshi. In 1905, he burnt all the foreign goods in a bonfire on Dussehra.
• He championed atheism and rationality and also disapproved orthodox Hindu belief. In fact, he even dismissed cow worship as superstitious.
• S1: In Pune, Savarkar founded the “Abhinav Bharat Society”.
• S2: In his book, The History of the war of Indian Independence, Savarkar wrote about the guerilla warfare tricks used in 1857 Sepoy Mutiny.
• The book was banned by Britishers, but Madam Bhikaji Cama published the book in Netherlands, Germany and France, which eventually reached many Indian revolutionaries.
• He was arrested in 1909 on charges of plotting an armed revolt against the Morle-Minto reform.
• He also Worked on abolishment of untouchability in Ratnagiri. Dr Babasaheb Ambedkar also compared his work to Lord Buddha.
• S3: He founded the two-nation theory in his book ‘Hindutva’ calling Hindus and Muslims two separate nations. In 1937, Hindu Mahasabha passed it as a resolution.
• It was in year 1964, when Savarkar declared his wish to attain Samadhi and started hunger-strike on February 1, 1966 and passed away on February 26, 1966. He believed that his purpose of life is solved as India has gained Independence.
• In 2002, Port Blair airport at Andaman and Nicobar’s Island was renamed after Veer Savarkar International Airport.

Refer: https://www.insightsonindia.com/2021/01/21/veer-savarkar-4/

Ans: (c)

Explanation: here the directive word is Incorrect!!

• Definition of Money Bill
• (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely
• (a) the imposition, abolition, remission, alteration or regulation of any tax;
• (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India;
• (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund;
• (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect.

Refer: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/

Ans: (d)

Explanation:

• S1 is wrong because as per Calcutta HC decision Aadhar Card is not a proof of citizenship.
• S2 is wrong because UIDAI’s update policy version 2.3.1 (available on the official website uidai.gov.in) has provisions for deactivation of Aadhaar, which can be accessed from the given link: https://uidai.gov.in/images/mou/uidai_data_update_policy_ver_2.3.1.pdf

Source: UPSC CSE 2018

Refer: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/

Ans: (b)

Explanation:

• S1: Aadhaar authentication data can’t be retained beyond 6 months, said Supreme Court, see https://www.financialexpress.com/aadhaar-card/aadhaar-authentication-data-cant-be-retained-beyond-6-months-says-supreme-court/1328066/
• S2: This is correct, see the SC judgment here https://sflc.in/key-highlights-aadhaar-judgment This was done in order to protect a citizen’s right to privacy.
• S3: IRDAI (Insurance Regulatory and Development Authority of India) has clarified that Aadhaar is not required to buy an insurance policy.
• S4: Correct, see https://www.hindustantimes.com/india-news/aadhaar-for-welfare-schemes-a-legitimate-exercise-says-supreme-court/story-rhb0kccKthpJRNnSvukzmO.html

Source: UPSC CSE 2020

Refer: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/

Ans: (a)

Explanation:

• S1: Usually, the speaker remains in office during the life of the assembly. However, he vacates his office earlier in any of the following cases:
  • If he ceases to be a member of the assembly
  • If he resigns by writing to the deputy speaker and;
  • If he is removed by a resolution passed by a majority of all the then members of the assembly. Such a resolution can be moved only after giving 14 days advance notice
• S2 is incorrect because the Speaker holds office from the date of her election till immediately before the first meeting of the Legislative assembly after the dissolution of the one to which she was elected. She is eligible for re-election. On the dissolution of the Legislative assembly, although the Speaker ceases to be a member of the House, she does not vacate her office.

Refer: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/

Ans: (b)

Explanation:

• S1: Public interest litigation (PIL) refers to litigation undertaken to secure public interest and demonstrates the availability of justice to socially-disadvantaged parties and was introduced by Justice P. N. Bhagwati.
• S2: Parties against whom PILs can be filed
  • A PIL may be filed against state government, central government, municipal authority not any private party. But, private person may be included in PIL as ‘Respondent’, after concerned of state authority. i.e. a private factory in Mumbai which is causing pollution then public interest litigation can be filed against government of Mumbai, state pollution central board including that private factory of Mumbai.

Refer: https://www.insightsonindia.com/2021/01/21/karnataka-prevention-of-slaughter-and-preservation-of-cattle-ordinance-2020/

Ans: (c)

Explanation:

• The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.
• It was established on 1 October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, which was passed by Lok Sabha on 5 May 2016.
• It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. The new code will speed up the resolution process for stressed assets in the country. It attempts to simplify the process of insolvency and bankruptcy proceedings. It handles the cases using two tribunals like NCLT (National company law tribunal) and Debt recovery tribunal.

Refer: https://www.insightsonindia.com/2021/01/21/sc-upholds-ibcs-section-32a-why-is-it-important-what-are-the-implications/

Ans: (d)

Explanation:

• Second edition of the NITI Aayog’s India Innovation Index has been released.
• Performance of various states:
  • Karnataka is the most innovative state for the second year in a row.
  • Maharashtra pipped Tamil Nadu to the second spot.
  • Bihar was featured at the bottom of the list.
• About the index:
  • The index attempts to create an extensive framework for the continual evaluation of the innovation environment of states and union territories in India and intends to perform the following three functions:
  • Ranking of states and UTs based on their index scores.
  • Recognizing opportunities and challenges.
  • Assisting in tailoring governmental policies to foster innovation.
• The Index is calculated as the average of the scores of its two dimensions – Enablers and Performance.
  • The Enablers are the factors that underpin innovative capacities, grouped in five pillars: (1) Human Capital, (2) Investment, (3) Knowledge Workers, (4) Business Environment, and (5) Safety and Legal Environment.
  • The Performance dimension captures benefits that a nation derives from the inputs, divided in two pillars: (6) Knowledge Output and (7) Knowledge Diffusion.

Refer: https://www.insightsonindia.com/2021/01/21/india-innovation-index-by-niti-aayog/

Ans: (c)

Explanation:

• What Is the Secured Overnight Financing Rate (SOFR)?
• SBI does deals using SOFR as benchmark.
• SOFR is a secured interbank overnight interest rate and reference rate.
• It is based on the Treasury repurchase market (repo), Treasuries loaned or borrowed overnight.

Refer: facts for prelims: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/

Ans: (a)

Explanation: Tripura CM promoting the Risa:

• Risa is a customary hand woven cloth used by Tripura’s indigenous tribal communities.
• It is one of the three parts of customary Tripura female attire, the other two being the Rignai and Rikutu.
• The Risa is used as a head gear, stole and female upper cloth or presented to honour a distinguished recipient.

Refer: facts for prelims: https://www.insightsonindia.com/2021/01/21/insights-daily-current-affairs-pib-summary-21-january-2021/