[MISSION 2022] INSIGHTS CURRENT AFFAIRS ( 09 October 2021) REVISION THROUGH MCQS

Ans: (c)

Explanation:

• The Constitution (Eighty-sixth Amendment) Act, 2002 inserted Article 21-A in the Constitution of India to provide free and compulsory education of all children in the age group of six to fourteen years as a Fundamental Right in such a manner as the State may, by law, determine.

Refer: https://www.insightsonindia.com/2021/10/09/consequences-of-growing-digital-divide/

Ans: (b)

Explanation: Status in India:

• Although India has 220 million smartphone users and is the second largest smartphone market in the world, the overall penetration is still just about 30 per cent of the population.
• There is a huge rural- urban and inter-state digital divide in India.
• According to statistics, more than 75 per cent of the broadband connections in the country are in the top 30 cities.
• Similarly, many states like north-eastern states, Uttar Pradesh, Bihar, Jharkhand, Orissa, Chhattisgarh and Assam lag behind other states in the use and development of ICTs.
• Globally 12 percent more men used the internet than women in 2017, while in India only 29% of total internet users are females.
• Another important reason of digital divide in India is knowledge divide. Knowledge divide is directly related with digital divide.

Refer: https://www.insightsonindia.com/2021/10/09/consequences-of-growing-digital-divide/

Ans: (c)

Explanation:

• Bhasan Char is an island specifically developed to accommodate 1,00,000 of the 1 million Rohingya who have fled from neighbouring Myanmar.
• It is located in the Bay of Bengal, about 6 kilometres from Sandwip island and 37 miles from the mainland.

Refer: https://www.insightsonindia.com/2021/10/09/rohingya-crisis-3/

Ans: (a)

Explanation: OECD/G20 Inclusive Framework tax deal:

• The two-pillar solution under the above mentioned framework will be delivered to the G20 Finance Ministers meeting in Washington DC on 13 October, then to the G20 Leaders Summit in Rome at the end of the month.
• Countries are aiming to sign a multilateral convention during 2022, with effective implementation in 2023.
• The proposed solution consists of two components- Pillar One which is about reallocation of additional share of profit to the market jurisdictions and Pillar Two consisting of minimum tax and subject to tax rules.

Refer: https://www.insightsonindia.com/2021/10/09/oecd-g20-inclusive-framework-tax-deal-2/

Ans: (b)

Explanation:

• S3: The headquarters for the organization is located in Paris, France.
• S1 and S2: It is an intergovernmental economic organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.

Refer: https://www.insightsonindia.com/2021/10/09/oecd-g20-inclusive-framework-tax-deal-2/

Ans: (b)

Explanation:

• Base erosion and profit shifting (BEPS) refers to tax planning strategies used by multinational enterprises that exploit gaps and mismatches in tax rules to avoid paying tax.
• Developing countries’ higher reliance on corporate income tax means they suffer from BEPS disproportionately.
• BEPS practices cost countries USD 100-240 billion in lost revenue annually.

Refer: https://www.insightsonindia.com/2021/10/09/oecd-g20-inclusive-framework-tax-deal-2/

Ans: (c)

Explanation:

• S2: Open market operations is the sale and purchase of government securities and treasury bills by RBI or the central bank of the country.
  • The objective of OMO is to regulate the money supply in the economy.
  • It is one of the quantitative monetary policy tools.
• S1: GSAP is a dedicated liquidity window through which RBI buys sovereign papers to infuse cash into the banking system. It also sold papers under the window to maintain liquidity equilibrium in the system

Refer: https://www.insightsonindia.com/2021/10/09/g-sap-securities-acquisition-plan-for-market-boost-2/

Ans: (c)

Explanation:

• RBI carries out the OMO through commercial banks and does not directly deal with the public.

Refer: https://www.insightsonindia.com/2021/10/09/g-sap-securities-acquisition-plan-for-market-boost-2/

Ans: (c)

Explanation:

• Launched in July 2017 under the Blue Revolution programme.
• The scheme is financed by the Union and the State Governments with beneficiary participation.
• It had envisaged the provision of 2,000 vessels in three years to the fishermen of the State and motivate them to abandon bottom trawling.

Refer: https://www.insightsonindia.com/2021/10/09/palk-bay-scheme/

Ans: (d)

Explanation:

• Popularly known as Golden Namgyal Lhatse, Tawang Monastery is one of the key places to visit in Arunachal Pradesh.
• Tawang:
  • Tawang was historically part of Tibet.
  • The 1914 Simla Accord defined the McMahon Line as the new boundary between British India and Tibet. By this treaty Tibet relinquished some of its territories, including Tawang, to the British. But it was not recognised by China.
  • In 1950, Tibet lost its de facto independence and was incorporated into the newly established People’s Republic of China.
  • Later, in 1959, when the current Dalai Lama fled Tibet, he came into India through Tawang.
  • During the Sino-Indian war of 1962, Tawang fell briefly under Chinese control, but China voluntarily withdrew its troops at the end of the war.
  • Tawang again came under Indian administration, but China has not relinquished its claims on most of Arunachal Pradesh including Tawang.

Refer: Facts for Prelims: https://www.insightsonindia.com/2021/10/09/mission-2022-insights-daily-current-affairs-pib-summary-9-october-2021/