QUIZ – 2020: Insights Current Affairs Quiz, 9 March 2021

Solution: c)

Bond yields move on account of various factors, and investors will have to keep an eye on both domestic and global developments while investing in them. If inflation and interest rates in the economy are key factors that determine yields, they are in turn affected by various other factors such as economic growth, sovereign rating, money supply, government borrowing, global liquidity and geopolitical developments.

Source

Solution: a)

Sattras are monastic institutions created as part of the 16th century Neo-Vaishnavite reformist movement started by Vaishnavite saint-reformer Srimanta Sankaradeva (1449-1596). As the saint travelled across Assam, spreading his teachings and propagating an egalitarian society, these Sattras/Thans were established as centres of religious, social and cultural reforms in the 16th century. Today, Sattras are spread across the state, promulgating Sankardeva’s unique “worship through art” approach with music (borgeet), dance (xattriya) and theatre (bhauna).

Sankardeva propagated a form of Bhakti called eka-sharana-naam-dhrama, and espoused a society based on equality and fraternity, free from caste differences, orthodox Brahmanical rituals and sacrifices. His teaching focused on prayer and chanting (naam) instead of idol worship. His dharma was based on the four components of deva (god), naam (prayers), bhakats (devotees), and guru (teacher).

Scholars, however, argue that post the demise of Sankardeva, the nature of the Vaishnavite movement has changed significantly. “After his demise, due to ideological differences among his disciples, the Sattras got divided into four independent sectarian divisions.

During the Ahom reign, the Sattras received a lot of donations in the form of land or money from the kings.

Source

Solution: b)

The CRZ notification 2011 declared that the coastal stretches of the country and India’s territorial waters, excluding Andaman and Nicobar and Lakshadweep islands, as Coastal Regulation Zone (CRZ) and restricted the setting up and expansion of any industry, operations or processes and manufacture or handling or storage or disposal of hazardous substances there.

Source

Solution: a)

Since India has partial capital account convertibility, this implies that private foreign denominated

debt also needs to be met by either private export earnings or India’s forex reserves.

There is no correlation between capital account convertibility and sovereign credit rating.

Source: Economic Survey 2020-21 Vol-1

Solution: d)

The coastal ecosystems of mangroves, tidal marshes, and seagrass meadows provide numerous benefits and services that are essential for climate change adaptation along coasts globally, including protection from storms and sea level rise, prevention of shoreline erosion, regulation of coastal water quality, provision of habitat for commercially important fisheries and endangered marine species, and food security for many coastal communities. Additionally, these ecosystems sequester and store significant amounts of coastal blue carbon from the atmosphere and ocean and hence are now recognized for their role in mitigating climate change.