[MISSION 2022] INSIGHTS CURRENT AFFAIRS ( 31 January 2022 ) REVISION THROUGH MCQS

Ans: (d)

Explanation:

• “Bombogenesisis the technical term. ‘Bomb cyclone’ is a shortened version of it, better for social media.”
• It is a mid-latitude cyclone that intensifies rapidly.
• It has low pressure at its center, weather fronts and an array of associated weather,from blizzards to severe thunderstorms to heavy precipitation.
• When is it formed?Generally, a bomb cyclone happens when atmospheric pressure in the middle of the storm drops at least 24 millibars over 24 hours, quickly increasing in intensity. The lower the pressure, the stronger the storm.

Refer: https://www.insightsonindia.com/2022/01/31/what-is-a-bomb-cyclone/

Ans: (b)

Explanation:

• Unlike the question hour, the zero hour is not mentioned in the Rules of Procedure. Thus it is an informal device available to the members of the Parliament to raise matters without any prior notice. The zero hour starts immediately after the question hour and lasts until the agenda for the day (ie, regular business of the House) is taken up.
• In other words, the time gap between the question hour and the agenda is known as zero hour. It is an Indian innovation in the field of parliamentary procedures and has been in existence since 1962.

Refer: https://www.insightsonindia.com/2022/01/31/budget-session-of-parliament/

Ans: (c)

Explanation:

• The first hour of every parliamentary sitting is slotted for Question Hour. During this time, the members ask questions and the ministers usually give answers. The questions are of three kinds, namely, starred, unstarred and short notice.
• A starred question (distinguished by an asterisk) requires an oral answer and hence supplementary questions can follow.
• In addition to the ministers, the questions can also be asked to the private members.Thus, a question may be addressed to a private member if the subject matter of the question relates to some Bill, resolution or other matter connected with the business of the House for which that member is responsible.
• Questions enable Ministries to gauge the popular reaction to their policy and administration. Questions bring to the notice of the Ministers many loopholes which otherwise would have gone unnoticed. Sometimes questions may lead to the appointment of a Commission, a Court of Enquiry or even Legislation when matters raised by Members are grave enough to agitate the public mind and are of wide public importance.

Refer: https://www.insightsonindia.com/2022/01/31/budget-session-of-parliament/

Ans: (a)

Explanation:

Refer: https://www.insightsonindia.com/2022/01/31/gehri-dosti-says-israel-pm-about-ties-with-india/

Ans: (a)

Explanation:

• The idea of setting up a bad bank to resolve the growing problem of non-performing assets (NPAs), or loans on which borrowers have defaulted, is back on the table.
• Technically, a bad bank is an asset reconstruction company (ARC) or an asset management company that takes over the bad loans of commercial banks, manages them and finally recovers the money over a period of time. The bad bank is not involved in lending and taking deposits, but helps commercial banks clean up their balance sheets and resolve bad loans. The takeover of bad loans is normally below the book value of the loan and the bad bank tries to recover as much as possible subsequently.

Refer: https://www.insightsonindia.com/2022/01/31/bad-bank-2/

Ans: (c)

Explanation:

• Hondurasis a Central American country.
• Borders:It is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea.

Refer: facts for prelims: https://www.insightsonindia.com/2022/01/31/mission-2022-insights-daily-current-affairs-pib-summary-31-january-2022/

Ans: (b)

Explanation:

• The Government of India has appointed Anantha Nageswaranas the new Chief Economic Advisor.
• He is a former member of Prime Minister Economic Advisory Council.
• The CEA reports to the Finance Minister of India.
• The post is equivalent to Secretary in India.
• The CEA is the head of the Department of Economic Affairs that operates under Ministry of Finance.

Refer: facts for prelims: https://www.insightsonindia.com/2022/01/31/mission-2022-insights-daily-current-affairs-pib-summary-31-january-2022/

Ans: (b)

Explanation:

• A big part of the Union government spending comes from outside the budget which is referred as extra-budgetary resources.
• IEBR constitutes the resources raised by the PSUs through profits, loans and equity.

Refer: facts for prelims: https://www.insightsonindia.com/2022/01/31/mission-2022-insights-daily-current-affairs-pib-summary-31-january-2022/

Ans: (c)

Explanation: How are symbols allotted to political parties?

• As per the guidelines, to get a symbol allotted:
• A party/candidate has to provide a list of three symbols from the EC’s free symbols list at the time of filing nomination papers.
• Among them, one symbol is allotted to the party/candidate on a first-come-first-serve basis.
• When a recognised political party splits, the Election Commission takes the decision on assigning the symbol.

Refer: https://indianexpress.com/article/explained/explained-eci-ljp-symbol-split-7548245/

Ans: (c)

Explanation:

• Since its inception in 1950 and till 15 October 1989, the election commission functioned as a single member body consisting of the Chief Election Commissioner. On 16 October 1989, the president appointed two more election commissioners to cope with the increased work of the election commission on account of lowering of the voting age from 21 to 18 years. Thereafter, the Election Commission functioned as a multimember body consisting of three election commissioners.
• Any other election commissioner or a regional commissioner cannot be removed from office except on the recommendation of the chief election commissioner.
• EC determine the territorial areas of the electoral constituencies throughout the country on the basis of the Delimitation Commission Act of Parliament.

Refer: https://indianexpress.com/article/explained/explained-eci-ljp-symbol-split-7548245/