QUIZ – 2020: Insights Current Affairs Quiz, 27 February 2021

Solution: d)

The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for the pharmaceuticals and IT hardware sectors.

The PLI scheme for pharmaceuticals, whose duration will be for nine years from 2020-21 till 2028-29, will benefit domestic manufacturers, help create employment and is expected to contribute to the availability of a wider range of affordable medicines for consumers.

The scheme is expected to promote the production of high-value products in the country and increase the value addition in exports.

The scheme also aims to create global champions from India that have the potential to grow in size and scale using cutting edge technology and thereby penetrate global value chains.

This is an important segment to promote manufacturing under AtmaNirbhar Bharat as there is huge import reliance for these items at present.

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Solution: b)

Since 2006 the Global Gender Gap Index has been measuring the extent of gender-based gaps among four key dimensions (Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment) and tracking progress towards closing these gaps over time.

Solution: d)

Published annually since 2005, the Climate Change Performance Index (CCPI) tracks countries’ efforts to combat climate change. As an independent monitoring tool it aims to enhance transparency in international climate politics and enables comparison of climate protection efforts and progress made by individual countries.

Germanwatch, the NewClimate Institute and the Climate Action Network publish the index annually.

If a country fails to meet its NDCs, there is no penalty.

Solution: a)

The SWIFT – Society for Worldwide Interbank Financial Telecommunication – is a secure financial message carrier — it transports messages from one bank to its intended bank recipient. Its core role is to provide a secure transmission channel between banks.

Solution: a)

A “National Small Savings Fund” (NSSF) in the Public Account of India has been established with effect from 1.4.1999.

All small savings collections are credited to this Fund. Similarly, all withdrawals under small savings schemes by the depositors are made out of the accumulations in this Fund. The balance in the Fund is invested in Central and State Government Securities. The investment pattern is as per norms decided from time to time by the Government of India.

The Fund is administered by the Government of India, Ministry of Finance (Department of Economic Affairs) under National Small Savings Fund (Custody and Investment) Rules, 2001, framed by the President under Article 283(1) of the Constitution. The objective of NSSF is to de-link small savings transactions from the Consolidated Fund of India and ensure their operation in a transparent and self-sustaining manner. Since NSSF operates in the public account, its transactions do not impact the fiscal deficit of the Centre directly. As an instrument in the public account, the balances under NSSF are direct liabilities and constitute a part of the outstanding liabilities of the Centre. The NSSF flows affect the cash position of the Central Government.

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