[Mission 2022] Insta– QUED ( Questions from Editorials ) 7 February 2022

Solution: c)

The Relationship Between the Fundamental Rights, Directive Principles and Fundamental Duties:

• Directive Principles have been used to uphold the Constitutional validity of legislation in case of conflict with Fundamental Rights.
• According to the amendment of 1971, any law that even though it deviates from the Fundamental Rights, but has been made to give effect to the Directive Principles in Article 39(b) and Article 39 (c)would not be deemed invalid.
• The Fundamental Duties will be held obligatory for all citizens subject to the State enforcing the same by means of a valid law.

Solution: b)

The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.

The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro, pound sterling and Chinese Renminbi. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.

It can be held and used by member countries, the IMF, and certain designated official entities called “prescribed holders”—but it cannot be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR.

Solution: a)

It is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territorial waters.

The original Brent Crude referred to a trading classification of sweet light crude oil first extracted from the Brent oil field in the North Sea (not Barents Sea) in 1976.

Solution: c)

The Supreme Court has asked the Government if it will create an Indian Environmental Service (IES) as recommended by a committee headed by former Cabinet secretary T.S.R Subramanian.

The Subramanian committee was set up in August 2014 to review the country’s green laws and the procedures followed by the Ministry of Environment, Forest and Climate Change (MoEF&CC).

Solution: c)

Afghanistan is a member of WTO, SAARC, Economic Cooperation Organization (ECO), and OIC. It holds an observer status in SCO.

South Asian Free Trade Area (SAFTA) is an agreement reached on January 6, 2004, at the 12th SAARC summit in Islamabad, Pakistan. It created a free-trade area in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.