DAY – 38 ( INSTA REVISION TEST – 38)INSTA REVISION PLAN 2.0, 2021

Solution: B

Systemically Important Financial Institutions (SIFIs) as institutions “whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity”.

At global level, based on the suggestion of G-20 Leaders in Pittsburgh summit in 2009, FSB spearheads the efforts of formulating a framework for assessing and regulating SIFIs.

Systemically Important Financial Institutions (SIFIs) are perceived as institutions that are Too Big to Fail (TBTF)

Solution: B

Araku Valley is a hill station in Visakhapatnam district in the state of Andhra Pradesh.  Kodhus and Valmiki tribe are largely found in Araku Valley.

The Anantagiri and Sunkarimetta Reserve Forest are part of the Araku Valley which are rich in biodiversity. The area is mined for bauxite. Galikonda hill is amongst the highest peaks.

Solution: D

Oraon, aboriginal people of the Choṭa Nāgpur region in the state of Bihār.

Solution: A

Investors of P-Notes doesn’t enjoy voting rights unlike shareholders of the company.

Solution: C

HBWA approach has been developed by Conservation International

http://www.biodiversitya-z.org/content/high-biodiversity-wilderness-areas-hbwa

Solution: C
Silk Mark is a certification mark in India for silk textiles. The mark certifies that the piece of textile which bears the mark is made of pure natural silk. The certification is managed by the ‘Silk Mark Organisation of India’, a society set up by the state-controlled Central
Silk Board of India. The mark is only advisory in nature and is not legally endorsed.

The FPO mark is a certification mark mandatory on all processed fruit products sold in India such as packaged fruit beverages, fruit-jams, crushes and squashes, pickles, dehydrated fruit products, and fruit extracts, following the Food Safety and Standards Act of 2006.

The standards have been in force since 1955 by the law of Fruit Products Order, after which the mark is named, but the mark itself got a mandatory status only after the Food Safety and Standards Act of 2006.
India Organic certification is issued by testing centers accredited by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the National Program for Organic Production of the Government of India.

Solution: B

In November 2003, Reserve Bank of India (RBI) constituted the Committee on Procedures and Performance Audit of Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy Governor) to address the issues relating to availability of adequate banking services to the common person.

Membership of BCSBI is not compulsory to scheduled banks

http://www.bcsbi.org.in/Abt_Background.html

Solution: D

The Economist Intelligence Unit has released the 2020 edition of Global Microscope on Financial Inclusion report.

The Global Microscope, which assesses the enabling environment for financial inclusion across five categories and 55 countries, explores the role that financial inclusion has played in policymakers’ crisis response, providing data on how the 55 countries have leveraged their financial infrastructures to support vulnerable individuals, small businesses, and the financial providers that serve poor households.

Below are some key takeaways from the 2020 edition:

• The overall enabling environment for financial inclusion improved as a result of governments’ efforts to reach unbanked populations during the pandemic. Colombia, Peru, Uruguay, Argentina and Mexico lead the global ranking.
• Investments in digital infrastructure have paid off, with 44 of the 55 countries in scope having used cash transfers to support vulnerable parts of the population
• Digital IDs can facilitate verification for cash transfers, data integration is needed to target beneficiaries and ensure that marginalized segments of the population are not excluded
• The pandemic necessitated changes in regulations around remote banking, with several countries relaxing e-KYC rules to facilitate remote account opening, paving the road to the development of a digital, inclusive financial system
• Financial institutions that serve the poor face liquidity constraints impacting credit availability for the poor, as not all governments were able to address them while rolling out economic stimulus packages
• Financial authorities should adapt to protect consumers from emerging risks, such as ones posed by the onset of the pandemic and the associated rise in cases of financial fraud

The Global Microscope is produced with support from EIU’s partnerships with CFI, the Bill & Melinda Gates Foundation, IDB LAB and IDB Invest.

The Microscope report was first published in 2007 and was originally developed for countries in Latin American and Caribbean regions but in 2009 it was expanded into a global study.

The report is a benchmarking index that assesses enabling environment for financial access in 55 countries across 5 categories.

Five parameters across which countries are assessed:

1. Government and Policy Support.
2. Products and Outlets.
3. Stability and Integrity.
4. Consumer Protection.
5. Infrastructure.

https://www.centerforfinancialinclusion.org/global-microscope-2020

Solution: B

Mahadayi river rises in the Western Ghats, from the Bhimgad Wildlife Sanctuary in Khanapur taluk of Karnataka’s Belagavi district.

Flowing westward, it enters Goa from Sattari taluk of North Goa districts. A number of streams join the flow of the river to form the Mandovi which is one of two major rivers that flow through Goa. It joins the Arabian Sea at Panaji.

The dispute over Mahadayi river began in the 80s and grew stronger in the subsequent decades. The trigger was Karnataka’s move to design a number of dams, canals and barrages to route the Mahadayi river water to the Malaprabha basin. The state claimed that channelling the river water into the basin of Malaprabha, a tributary of the Krishna, would meet the requirements of water-scarce districts of Bagalkot, Gadag, Dharwad and Belagavi.

Solution: C

The Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation, the creation of which was announced on 15 June 2001 in Shanghai (China) by the Republic of Kazakhstan, the People’s Republic of China, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan, and the Republic of Uzbekistan. It was preceded by the Shanghai Five mechanism.

Currently the SCO comprises eight member states, namely the Republic of India, the Republic of Kazakhstan, the People’s Republic of China, the Kyrgyz Republic, the Islamic Republic of Pakistan, the Russian Federation, the Republic of Tajikistan, and the Republic of Uzbekistan.

The SCO counts four observer states, namely the Islamic Republic of Afghanistan, the Republic of Belarus, the Islamic Republic of Iran and the Republic of Mongolia;

The SCO has six dialogue partners, namely the Republic of Azerbaijan, the Republic of Armenia, the Kingdom of Cambodia, the Federal Democratic Republic of Nepal, the Republic of Turkey, and the Democratic Socialist Republic of Sri Lanka.

Solution: D

The India Justice Report (IJR) is an initiative of Tata Trusts in collaboration with Centre for Social Justice, Common Cause, Commonwealth Human Rights Initiative, DAKSH, TISS–Prayas, Vidhi Centre for Legal Policy and How India Lives.

Maharashtra once again at the top of the 18 Large and Mid-sized states (with population of over one crore each), followed by Tamil Nadu (2019: 3rd), Telangana (2019: 11th) Punjab (2019: 4th) and Kerala (2019: 2nd). The list of seven Small States (population less than one crore each) was topped by Tripura (2019: 7th), followed by Sikkim (2019: 2nd) and Goa (2019: 3rd).

https://www.tatatrusts.org/media/press-releases/maharashtra-tops-justice-delivery-in-india

Solution: A

The Brus, also referred to as the Reangs, are spread across the northeastern states of Tripura, Assam, Manipur, and Mizoram.

In Tripura, they are recognized as a Particularly Vulnerable Tribal Group. In Mizoram, they have been targeted by groups that do not consider them indigenous to the state.

Solution: D

The 14th National Health Profile (NHP) 2019 has been released on 30th October 2019. It is an annual publication released by the Central Bureau of Health Intelligence (CBHI). The first NHP was released in 2005.

Solution: A

Sheath blight is a fungal disease caused by Rhizoctonia solani. Infected leaves senesce or dry out and die more rapidly, young tillers can also be destroyed. As a result, the leaf area of the canopy can significantly be reduced by the disease.

It can cause up to 60 per cent reduction in rice yield.

Solution: A

The End of Childhood Index is part of the Global Childhood Report released by UK-based Save the Children, a non-profit organisation that works for child rights. The index evaluates countries on eight indicators to determine the wellbeing of children and teenagers (0-19 years).

The End of Childhood Index tracks “childhood enders,” including events such as a child dies, malnutrition permanently impairs a child’s development, a child leaves or fails to enter school, a child begins work life, a child marries, a child has a child, and a child is a victim of extreme violence.

https://www.childhealthtaskforce.org/resources/report/2021/toughest-places-be-child-global-childhood-report-2021-save-children#:~:text=The%20End%20of%20Childhood%20Index%20tracks%20%22childhood%20enders%2C%22%20including,a%20victim%20of%20extreme%20violence.