[Mission 2022] QUIZ – 2022: INSIGHTS STATIC QUIZ, 12 January 2022 – Polity

Solution: a)

K-shaped recovery: It means that while some sectors/ sections of the economy have registered a very fast recovery, many are still struggling.

Private consumption expenditure is the biggest engine of GDP growth in India. It accounts for over 55% of all GDP. If this component remains weak, sustained recovery in GDP will not be possible.

Solution: a)

When we recently mapped these Open Natural Ecosystems (ONEs), we discovered that they are staggeringly diverse, ranging from woodland savannas, scrublands and grasslands, to rocky outcrops, ravines and dunes.

ONEs also have a remarkable assemblage of animal species, many of which, such as the black buck and the critically endangered great Indian bustard, occur only in the Indian subcontinent.

India’s ONEs continue to be misunderstood, misrepresented, and destroyed. Successive governments have carried forward a colonial legacy of terming ONEs as ‘wastelands’ and sought to make them ‘productive’; they have tried to ‘develop’ them, thereby incentivising their erasure. Unlike with forests, there are no conservation laws that protect against diversion of biodiversity-rich ONEs. 

Source

Solution: b)

• As per the State of Forests Report (1989), the country had 2,57,409 sq.km (7.83% of its geographical area) under the open forest category, having a density of 10% to less than 40%.
• However, in 30 years (2019) this has been increased to 3,04,499 sq.km (9.26%).
• This means every year on average, nearly 1.57 lakh hectare of forests was degraded.
• This degradation highlights the presence of anthropogenic pressures including encroachment, grazing, fire, which our forests are subjected to.
• The Telangana government has partnered with a Hyderabad-based startup, to launch a drone-based afforestation project, named ‘Hara Bahara’, under which five million trees will be planted in 12,000 hectares across all 33 districts of the state.
• The new project uses drones to disperse seed balls over thin, barren and empty forest lands to turn them into “lush green abode of trees”.

Solution: b)

The Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on 26th September, 1975 and Regional Rural Banks Act, 1976 with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.

What are RRBs?

• Regional Rural Banks were set up on the basis of the recommendations of the Narasimham Working Group (1975), and after the legislation of the Regional Rural Banks Act, 1976.
• The first Regional Rural Bank “Prathama Grameen Bank” was set up on 2nd October, 1975.
• The equity of a regional rural bank is held by the Central Government, concerned State Government and the Sponsor Bank in the proportion of 50:15:35.

Solution: d)