[Mission 2022] Insta– QUED ( Questions from Editorials ) 31 January 2022

Solution: c)

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting is an outcome of the OECD / G20 Project to tackle Base Erosion and Profit Shifting (the “BEPS Project”) i.e., tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no tax being paid. The companies need not invest via shell companies to be accused of BEPS.

India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.

Solution: b)

While El Niño the expression heard more commonly in India, is the abnormal surface warming observed along the eastern and central regions of the Pacific Ocean (region between Peru and Papua New Guinea), La Niña (Spanish for ‘little girl’) is an abnormal cooling of these surface waters.

Together, the El Niño and La Niña phenomena are termed as El Niño Southern Oscillation (ENSO). These are large-scale ocean phenomena which inflence the global weather — winds, temperature and rainfall. They have the ability to trigger extreme weather events like droughts, floods, hot and cold conditions, globally.

While La Niña conditions enhance the rainfall associated with the Southwest monsoon, it has a negative impact on rainfall associated with the Northeast monsoon.

Solution: b)

Li-Fi, or light fidelity, invented by German physicist and professor Harald Haas, is a wireless technology that makes use of visible light in place of radio waves to transmit data at terabits per second speeds—more than 100 times the speed of Wi-Fi.

Li-Fi offers great promise to overcome the existing limitations of Wi-Fi by providing for data-heavy communication in short ranges.

Li-Fi can also easily work underwater, where Wi-Fi fails completely, thereby throwing open endless opportunities for military and navigational operations.

Solution: a)

The first large-scale Afro–Asian Conference—also known as the Bandung Conference was a meeting of Asian and African states, most of which were newly independent, which took place on 18–24 April 1955 in Bandung, West Java, Indonesia.

The conference’s stated aims were to promote Afro-Asian economic and cultural cooperation and to oppose colonialism or neocolonialism by any nation. The conference was an important step towards the eventual creation of the Non-Aligned Movement.

The first Africa-India Summit was held in 2008 in New Delhi.

Solution: c)

• The model code of conduct issued by the ECI is a set of guidelines meant for political parties, candidates and governments to adhere to during an election.
• This code is based on consensus among political parties.
• The code has been issued in exercise of its powers under Article 324.