INSIGHTS CURRENT AFFAIRS ( 8 June 2021) REVISION THROUGH MCQS

Ans: (c)

Explanation:

• S1: JJ Act, 2015 mandates setting up Juvenile Justice Boards and Child Welfare Committees in every distric Both must have at least one-woman member each.
• S2: Child Care Institutions can be government-run, government-aided, privately run or run through government, private or foreign funding. These institutions, while falling under the CWC and the state child protection units had very little oversight and monitoring. Even to receive a license, after an application was made, if the children’s home were to not receive a reply from the government within 3 months’ time, it would be “deemed registered’’ for a period of six months, even without government permission. The new amendment ensures that this can no longer happen and that no new children’s home can be opened without the sanction of the DM.
• DM’s are also responsible now for ensuring that CCIs falling in their district are following all norms and procedures. During the NCPCR survey, for instance, it had been CCI’s with large funds, including foreign funding, had been found keeping children in unsanitary conditions in portacabins.

Refer: https://www.insightsonindia.com/2021/06/08/sc-urged-to-stop-illegal-adoption/

Ans: (c)

Explanation:

• The Group of Seven (G-7) is an intergovernmental organization that meets periodically to address international economic and monetary issues.
• G-7 countries consist of the S., U.K., France, Germany, Italy, Canada, and Japan.
• The G-7 was formerly referred to as the G-8 until Russia was suspended from the group in 2014 after illegally annexing Crimea.
• The G-7 is not an official, formal entity and, therefore, has no legislative or authoritative power to enforce the recommended policies and plans it compiles.

Refer: https://www.insightsonindia.com/2021/06/08/g7-corporate-tax-deal/

Ans: (c)

Explanation:

• S1: The Association of Southeast Asian Nations is a regional organization which was established to promote political and social stability amid rising tensions among the Asia-Pacific’s post-colonial states.
• S2: The South Asian Association for Regional Cooperation (SAARC) launched the South Asian Free Trade Area in 2006.
• S3: ASEAN Secretariat – Indonesia, Jakarta.

Refer: https://www.insightsonindia.com/2021/06/08/china-hosts-asean-foreign-ministers/

Ans: (d)

Explanation: What is NARCL?

• Setting up of NARCL, the proposed bad bank for taking over stressed assets of lenders, was announced in the Budget for 2021-22.
• The plan is to create a bad bank to house bad loans of ₹500 crore and above, in a structure that will contain an asset reconstruction company (ARC) and an asset management company (AMC) to manage and recover dud assets.
• The new entity is being created in collaboration with both public and private sector banks.
• How is NARCL different from existing ARCs? How can it operate differently?
  • The proposed bad bank will have a public sector character since the idea is mooted by the government and majority ownership is likely to rest with state-owned banks.
  • At present, ARCs typically seek a steep discount on loans. With the proposed bad bank being set up, the valuation issue is unlikely to come up since this is a government initiative.
  • The government-backed ARC will have deep pockets to buy out big accounts and thus free up banks from carrying these accounts on their books.

Refer: https://www.insightsonindia.com/2021/06/08/national-asset-reconstruction-company-ltd-narcl/

Ans: (c)

Explanation:

• Sea snot, sea saliva or marine mucilage is a collection of mucus-like organic matter found in the sea.
• It is formed when algae are overloaded with nutrients as a result of water pollution combined with the effects of climate change.

Refer: https://www.insightsonindia.com/2021/06/08/what-is-the-sea-snot-outbreak-in-turkey/

Ans: (b)

Explanation:

• Sea of Marmara is the inland sea, entirely within the borders of Turkey.
• It connects the Black Sea to the Aegean Sea, thus separating Turkey’s Asian and European lands.
• The Bosphorus strait connects it to the Black Sea and the Dardanelles strait to the Aegean Sea. The former also separates Istanbul into its Asian and European sides.

Refer: https://www.insightsonindia.com/2021/06/08/what-is-the-sea-snot-outbreak-in-turkey/

Ans: (a)

Explanation:

Refer: World Physical Map

Ans: (a)

Explanation:

• Gumti Wildlife Sanctuaryis a Wildlife Sanctuary in

Refer: https://en.wikipedia.org/wiki/Nature_reserve

Ans: (c)

Explanation:

• Earth Day is an annual event celebrated on April 22. Worldwide, various events are held to demonstrate support for environmental protection. First celebrated in 1970, Earth Day events in more than 193 countries are now coordinated globally by the Earth Day Network.
• Earth Hour is a worldwide movement organized by the World Wide Fund for Nature (WWF). The event is held annually encouraging individuals, communities, and businesses to turn off non-essential electric lights for one hour, from 8:30 to 9:30 pm on a specific day towards the end of March, as a symbol of commitment to the planet. It was started as a lights-off event in Sydney, Australia, in 2007. Since then, it has grown to engage more than 7,000 cities and towns across 187 countries and territories.

Refer: https://www.earthday.org/ and https://www.earthhour.org/

Ans: (a)

Explanation:

• The Cartagena Protocol on Biosafety (CPB), the first international regulatory framework for safe transfer, handling and use of Living Modified Organisms (LMOs) was negotiated under the aegis of the Convention on Biological Diversity (CBD). The protocol was adopted on 29th January 2000. The Protocol entered into force on 11 September 2003.
• The objective of the Protocol is to contribute to ensuring an adequate level of protection in the field of the safe transfer, handling and use of LMOs resulting from modern biotechnology that may have adverse effects on the conservation and sustainable use of biological diversity, taking also into account risks to human health, and specifically focusing on transboundary movements.
• The Protocol establishes a Biosafety Clearing-House (BCH) to facilitate information exchange, and contains provisions on capacity building and financial resources, with special attention to developing countries and those without domestic regulatory systems.

Refer: https://bch.cbd.int/protocol/