INSIGHTS CURRENT AFFAIRS ( 22 May 2021) REVISION THROUGH MCQS

Ans: (a)

Explanation: About the Pandit Deendayal Upadhyay National Welfare Fund for the Sportspersons (PDUNWFS):

• Set up in March, 1982 with a view to assisting outstanding Sportspersons of yesteryear, living in indigent circumstances who had brought glory to the Country in sports.
• The scheme was revised in May, 2016 to provide for lump sum ex-gratia assistance to outstanding Sportspersons of yesteryears.
• Provision of pension has been done away with as there is already a Scheme of Pension for Meritorious Sportspersons.

Refer: https://www.insightsonindia.com/2021/05/22/pandit-deendayal-upadhyay-national-welfare-fund-for-sportspersons/

Ans: (d)

Explanation: What is insolvency and bankruptcy?

• Insolvency is a situation where individuals or companies are unable to repay their outstanding debt.
• Bankruptcy, on the other hand, is a situation whereby a court of competent jurisdiction has declared a person or other entity insolvent, having passed appropriate orders to resolve it and protect the rights of the creditors. It is a legal declaration of one’s inability to pay off debts.

Refer: https://www.insightsonindia.com/2021/05/22/sc-personal-guarantors-liable-for-corporate-debt/

Ans: (c)

Explanation:

• S2: The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.
• S3: Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

Refer: https://www.insightsonindia.com/2021/05/22/rbi-to-transfer-rs-99122-crore-surplus-to-government/

Ans: (d)

Explanation: About Dipcovan:

• The Dipcovan kit can detect both spike as well as nucleocapsid (S&N) proteins of SARS-CoV-2 virus with a high sensitivity of 97 % and specificity of 99%.
• The kit has a shelf life of 18 months.
• It has been developed in association with Vanguard Diagnostics Pvt Ltd.
• The antibody detection kit is approved by the Indian Council of Medical Research (ICMR) in April 2021.

Refer: https://www.insightsonindia.com/2021/05/22/drdos-covid-19-antibody-detection-kit/

Ans: (c)

Explanation:

• The General Data Protection Regulation (EU) 2016/679 (“GDPR”) is a regulation in EU law on data protection and privacy for all individuals citizens of the European Union (EU) and the European Economic Area (EEA). It also addresses the export of personal data outside the EU and EEA areas. The GDPR aims primarily to give control to individuals over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.

Refer: https://www.insightsonindia.com/2021/05/22/govt-vs-whatsapp-on-privacy-policy/

Ans: (c)

Explanation: International Day for Biological Diversity 2021:

• Celebrated each year on May 22.
• This year, 2021, the theme is “We’re part of the solution”.
• Background: The resolution to celebrate the day was adopted in 1992. The day was initially celebrated on December 29 till 2000 starting from 1993. It was marked on December 29 to celebrate the Day the Convention on Biological Diversity came into effect. It was later shifted to May 22 to commemorate the adoption of the convention at Rio Earth Summit.
• The Convention on Biological Diversity
  • At the 1992 Earth Summit in Rio de Janeiro, world leaders agreed on a comprehensive strategy for “sustainable development” — meeting our needs while ensuring that we leave a healthy and viable world for future generations. One of the key agreements adopted at Rio was the Convention on Biological Diversity.
  • The Convention on Biological Diversity is the international legal instrument for “the conservation of biological diversity, the sustainable use of its components and the fair and equitable sharing of the benefits arising out of the utilization of genetic resources” that has been ratified by 196 nations.
  • The Cartagena Protocol on Biosafety to the Convention on Biological Diversity & the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization to the Convention on Biological Diversity read more>> https://www.cbd.int/

Refer: facts for prelims: https://www.insightsonindia.com/2021/05/22/insights-daily-current-affairs-pib-summary-22-may-2021/

Ans: (d)

Explanation: Kalakshetra:

• Kalakshetra, as the name suggests, is a centre for artistic endeavour.
• It is an arts and cultural academy dedicated to the preservation of traditional values in Indian art and crafts, especially in the field of Bharatanatyam dance and Gandharvaveda music.
• Founded in 1936 by the vibrant visionary Rukmini Devi Arundale.
• The Animal Welfare Board of India
  • The Animal Welfare Board of India is a statutory advisory body on Animal Welfare Laws and promotes animal welfare in the country.
  • It was established in 1962 under Section 4 of the Prevention of Cruelty to Animals Act, 1960.
  • It was started under the stewardship of Late Smt. Rukmini Devi Arundale, well known humanitarian.
  • It ensures that animal welfare laws in the country are diligently followed.
  • It provides grants to Animal Welfare Organizations.
  • It advises the Government of India on animal welfare issues.

Refer: facts for prelims: https://www.insightsonindia.com/2021/05/22/insights-daily-current-affairs-pib-summary-22-may-2021/

Ans: (d)

Explanation: Bao-dhaan:

• It is iron-rich rice variety grown in Brahmaputra valley of Assam, without the use of any chemical fertilizer.
• The first consignment of this ‘red rice’ variety was sent to the US from Assam recently.

Refer: facts for prelims: https://www.insightsonindia.com/2021/05/22/insights-daily-current-affairs-pib-summary-22-may-2021/

Ans: (d)

Explanation:

• Chipko Movement: The success of this nonviolent, grassroots resistance was felt around the globe, serving as the inspiration for future environmental movements. The Chipko Andolan also stands out as an eco-feminist movement. Women formed the nucleus of the movement, as the group most directly affected by the lack of firewood and drinking water caused by deforestation.
• The original Chipko movement dates back to the 18th century, when a group of 363 people from 84 different villages, led by Amrita Devi, laid down their lives to protect a group of khejri trees that were to be cut down at the order of the maharaja, or king, of Jodhpur. After this event, the maharaja decreed that the trees were to be left standing. The original movement was called “angalwaltha”, the Garhwali word for “embrace,” as the protesters protected the trees by surrounding them and linking hands, physically preventing the loggers from touching the plants. The movement was later named for the Hindi word “chipko,” which means “to stick.”
• Sunderlal Bahuguna:
  • Well-known environmentalist and Gandhian Sunderlal Bahuguna is no more.
  • He was one of the founders of the Chipko, or hug the tree movement, in the 1970s to save Himalayan forests.
  • Bahuguna also led the charge against the construction of big dams in the Himalayas in the 1980s.
  • He was fervently opposed to the construction of the Tehri dam and sat on two long hunger strikes against the dam, which proved to be of no avail.
  • He also led a movement of women’s groups, or mahila mandals, to enforce prohibition in Tehri Garhwal, which was then part of Uttar Pradesh

Refer: facts for prelims: https://www.insightsonindia.com/2021/05/22/insights-daily-current-affairs-pib-summary-22-may-2021/

Ans: (a)

Explanation:

Refer: India Maps