[MISSION 2022] INSIGHTS CURRENT AFFAIRS ( 28 January 2022 ) REVISION THROUGH MCQS

Ans: (c)

Explanation: Who was Tipu Sultan?

• He was a ruler of the Kingdom of Mysore and the eldest son of Sultan Hyder Ali of Mysore.
• In the wider national narrative, Tipu has so far been seen as a man of imagination and courage, a brilliant military strategist who, in a short reign of 17 years, mounted the most serious challenge the Company faced in India.

Refer: https://www.insightsonindia.com/2022/01/28/tipu-sultan-3/

Ans: (b)

Explanation:

• Rani Abbakkawho thwarted Portuguese attacks for several decades.
• Rani Abbakka Chowta was the first Tuluva Queen of Ullal who fought the Portuguese in the latter half of the 16th century.
• She belonged to the Chowta dynasty who ruled over parts of coastal Karnataka (Tulu Nadu), India. Their capital was Puttige.

Refer: https://www.insightsonindia.com/2022/01/28/comic-book-indias-women-unsung-heroes-released/

Ans: (a)

Explanation:

• Gulab Kaur, who fought against the British rule after abandoning her own dreams of a life abroad.
• In Manila, Gulab Kaur joined Ghadar Party, an organization founded by Indian immigrants with the aim to liberate the Indian Subcontinent from British Rule.

Refer: https://www.insightsonindia.com/2022/01/28/comic-book-indias-women-unsung-heroes-released/

Ans: (b)

Explanation:

Refer: https://www.insightsonindia.com/2022/01/28/central-asia-meet/

Ans: (b)

Explanation:

• Inaugurated in 2015.
• It is a natural gas pipeline being developed by the Asian Development Bank.
• The project has run into issues over India-Pakistan tensions and the situation in Afghanistan.

Refer: https://www.insightsonindia.com/2022/01/28/central-asia-meet/

Ans: (c)

Explanation:

• The Baltic Sea is an arm of the Atlantic Ocean, enclosed by Denmark, Estonia, Finland, Latvia, Lithuania, Sweden, northeast Germany, Poland, Russia and the North and Central European Plain.

Refer: https://www.insightsonindia.com/2022/01/28/wtos-dispute-settlement-mechanism-3/

Ans: (d)

Explanation:

• The Appellate Body was established in 1995 under Article 17 of the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU). It is a standing body of seven persons that hears appeals from reports issued by panels in disputes brought by WTO Members.
• Source: The panels and the Appellate Body have issued rulings in almost 200 disputes involving bananas, cotton, aircraft, beef, tuna, trade, ‘shrimp-turtles’, hot-rolled coils, subsidies for renewable energy, and gambling. Cases involving trade remedies such as countervailing and anti-dumping measures, and the use of a controversial practice called the zeroing methodology that inflated the anti-dumping duties, dominated the disputes among the WTO members.

Refer: https://www.insightsonindia.com/2022/01/28/wtos-dispute-settlement-mechanism-3/

Ans: (a)

Explanation: What are electoral bonds?

• S1 and S2: : Electoral Bond is a financial instrument for making donations to political parties. The bonds are available for purchase by any person (who is a citizen of India or incorporated or established in India) for a period of ten days each in the months of January, April, July and October as may be specified by the Central Government.
• The bonds are issued in multiples of Rs. 1,000, Rs. 10,000, Rs. 1 lakh, Rs. 10 lakh and Rs. 1 crore without any maximum limit.
• State Bank of India is authorised to issue and encash these bonds, which are valid for fifteen days from the date of issuance.
• These bonds are redeemable in the designated account of a registered political party.
• A person being an individual can buy bonds, either singly or jointly with other individuals.
• S3: Donor’s name is not mentioned on the bond.

Refer: https://www.thehindu.com/opinion/lead/to-the-poll-booth-with-no-donor-knowledge/article38341198.ece

Ans: (d)

Explanation:

• Restrictions that were done away with after the introduction of the electoral bond scheme:
  • Earlier, no foreign company could donate to any political party under the Companies Act
  • A firm could donate a maximum of 7.5 per cent of its average three year net profit as political donations according to Section 182 of the Companies Act
  • As per the same section of the Act, companies had to disclose details of their political donations in their annual statement of accounts.
• The government moved an amendment in the Finance Bill to ensure that this proviso would not be applicable to companies in case of electoral bonds.
• Thus, Indian, foreign and even shell companies can now donate to political parties without having to inform anyone of the contribution.

Refer: https://www.thehindu.com/opinion/lead/to-the-poll-booth-with-no-donor-knowledge/article38341198.ece

Ans: (d)

Explanation:

• S1: As per provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of India or entities incorporated or established in India.
• S2: The electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee political party if the bond is deposited after expiry of the validity period.
• S3: The electoral bond deposited by an eligible political party in its account shall be credited on the same day.

Refer: https://www.thehindu.com/opinion/lead/to-the-poll-booth-with-no-donor-knowledge/article38341198.ece