[MISSION 2022] INSIGHTS CURRENT AFFAIRS ( 25 February 2022 ) REVISION THROUGH MCQS

Ans: (c)

Explanation: Key changes:

• It seeks to dissolve certain existing appellate bodies and transfer their functions to other existing judicial bodies.
• It seeks to empower the Central Government to make rules for qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of Members of Tribunals.
• It provides that the Chairperson and Members of the Tribunals will be appointed by the Central Governmenton the recommendation of a Search-cum-Selection Committee.
• It also providesthe composition of the Committee, to be headed by the Chief Justice of India or a Judge of the Supreme Court nominated by him.
• For state tribunals,there will be a separate search committee.
• The Union government has to ‘preferably’ decide on the recommendations of the search-cum selection committee within 3 months of the date of the recommendation.
• Tenure: Chairperson of a Tribunal shall hold office for a term of 4 years or till he attains the age of 70 years, whichever is earlier. Other Members of a Tribunal shall hold office for a term of 4 years or till he attains the age of 67 years, whichever is earlier.

Refer: https://www.insightsonindia.com/2022/02/25/tribunal-reforms-act-of-2021/

Ans: (b)

Explanation:

• The FRP is based on the recovery of sugar from the cane.For the sugar season of 2021-22, FRP has been fixed at Rs 2,900/tonne at a base recovery of 10 per cent.
  • Sugar recovery is the ratio between sugar produced versus cane crushed, expressed as a percentage.
  • The higher the recovery, the higher is the FRP, and higher is the sugar produced.
• The Central Government announces Fair and Remunerative Prices which are determined on the recommendation of the Commission for Agricultural Costs and Prices (CACP) and announced by the Cabinet Committee on Economic Affairs (CCEA).
  • CCEA is chaired by the Prime Minister of India.
  • The FRP is based on the Rangarajan Committee report on reorganizing the sugarcane industry.

Refer: https://www.insightsonindia.com/2022/02/25/what-is-fair-and-remunerative-price-frp-how-is-it-paid/

Ans: (b)

Explanation:

• Quantum key distribution is a secure communication method which implements a cryptographic protocol involving components of quantum mechanics. It enables two parties to produce a shared random secret key known only to them, which can then be used to encrypt and decrypt messages.

Refer: https://www.insightsonindia.com/2022/02/25/what-is-quantum-tech-demo-by-drdo-and-iit-delhi-all-about/

Ans: (d)

Explanation:

• S1: An NFT is a non-fungible token. And what this means is, an NFT is a unique token on the block chain which cannot be replaced with something else. NFTs can really be anything digital, including drawings, music, photographs, videos and any type of digital file.
• S2: NFTs can have only one owner at a time.
• S3: Cryptocurrencies such as Bitcoin and Ethereum are also fungible, which means that one Bitcoin can be exchanged for another.
  • But an NFT cannot be exchanged for another NFT because the two are different and therefore unique.

Refer: https://www.insightsonindia.com/2022/02/25/what-are-nfts/

Ans: (b)

Explanation:

• Cord blood banking involves taking the umbilical cord blood, which is a rich source of stem cells, and preserving it for future use.
• S2: Indian Council of Medical Research (ICMR) does not recommend commercial stem cell banking. It says so far there is no scientific basis for preservation of cord blood for future self use and this practice therefore raises ethical and social concerns. “Private storage of the cord blood is advisable when there is an elder child in the family with a condition treatable with these cells and the mother is expecting the next baby.
• “Globally, cord blood banking is recommended as a source of hematopoietic stem cell (derived from bone marrow, peripheral blood, or umbilical cord blood) transplantation for haematological cancers and disorders where its use is recommended. For all other conditions, the use of cord blood as a source of stem cells is not yet established,”
• Using the stem cells in cord blood to treat a disease has the following benefits compared with using those in bone marrow:
• Stem cells from cord blood can be given to more people than those from bone marrow. More matches are possible when a cord blood transplant is used than when a bone marrow transplant is used. In addition, the stem cells in cord blood are less likely to cause rejectionthan those in bone marrow.
• It is harder to collect bone marrow than it is to collect cord blood. Collecting bone marrow poses some risks and can be painful for the donor.
• Cord blood can be frozen and stored. It is ready for anyone who needs it. Bone marrow must be used soon after it is collected.
• Stem cells in cord blood can be used to strengthen the immune system during cancer treatments. Bone marrow stem cells do not have this capability.

Refer: https://www.insightsonindia.com/2022/02/25/umbilical-cord-blood-and-its-significance/

Ans: (c)

Explanation:

• S1: Narsinh Mehta is regarded as adikavi (the first poet) and bhakta kavi (devout poet) in Gujarati literature.
• S3: Mahatma Gandhi referenced Narsinh’s work considerably in his speeches, writings, and public prayers. Gandhi’s repeated reference to the bhajan Vaishnav Jana To shaped it as a global song of compassion, moral integrity, and duty to humankind. Gandhi elevated Narsinh’s life and work beyond the religious context and into greater ethical and moral themes.
• S2: Kanakadasa was the disciple of Vyasatirtha Swamiji.

Refer: Facts for Prelims: https://www.insightsonindia.com/2022/02/25/mission-2022-insights-daily-current-affairs-pib-summary-24-february-2022-2/

Ans: (b)

Explanation:

• The Angadia system is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for courier.
• It is by and large used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade.
• The cash involved is huge and it is the responsibility of the Angadia to transfer cash from one state to another for which they charge a nominal fee.
• Generally, it is the Gujarati, Marwari and Malbari community that are involved in the business.

Refer: Facts for Prelims: https://www.insightsonindia.com/2022/02/25/mission-2022-insights-daily-current-affairs-pib-summary-24-february-2022-2/

Ans: (a)

Explanation:

• Panruti cashew is mainly found in Tamil Nadu. This is unique because of its taste and quality. Although these cashew nuts are slightly smaller in size, they have a distinct market value. It is commonly known as the ‘gold mine’ of Cuddalore in Tamil Nadu.
• It is commonly cultivated in laterite & red soils as well as coastal sands.
• Tamil Nadu Cashew Processors and Exporters Association (TNCPEA) has applied for Geographical Indication (GI) tag for ‘Panruti Cashew’.

Refer: Facts for Prelims: https://www.insightsonindia.com/2022/02/25/mission-2022-insights-daily-current-affairs-pib-summary-24-february-2022-2/

Ans: (c)

Explanation:

• Karakattam is an ancient folk dance of Tamil Nadu performed in praise of the rain goddess Mariamman (the rain goddess).
• The performers balance a pot on their head.

Refer: Facts for Prelims: https://www.insightsonindia.com/2022/02/25/mission-2022-insights-daily-current-affairs-pib-summary-24-february-2022-2/

Ans: (c)

Explanation:

• S1: FASTag is an electronic toll collection system in India, operated by the National Highway Authority of India (NHAI).
• S2: It employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it or directly toll owner.
• S3: It is affixed on the windscreen of the vehicle and enables to drive through toll plazas without stopping for transactions. The tag can be purchased from official Tag issuers or participating Banks and if it is linked to a prepaid account, then recharging or top-up can be as per requirement.
• The payment method is a part of the National Electronic Toll Collection (NETC) programme. The National Payments Corporation of India (NPCI) collects the payments.

Refer: https://www.business-standard.com/about/what-is-fastag