[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 26 February 2022

Solution: b)

Russia is India’s 25th largest trading partner with exports of $2.5 billion and imports of $6.9 billion in the first nine months of FY2022. India’s key exports to Russia include mobile phones and pharmaceuticals while India’s key imports from Russia are crude oil, coal and diamonds.

More than a quarter of the world’s wheat export comes from Russia and Ukraine.

Russia is the world’s largest exporter of wheat, accounting for more than 18% of international exports.

Egypt is the world’s biggest importer of wheat.

Of the approximate volume of 145 million kg of annual tea imports by Russia, 40 million kg is from India. Close to 45% of these is from South India.

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Solution: a)

It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes. Under SWIFT, each financial organization has a unique code which is used to send and receive payments.

• SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must be settled by correspondent accounts that the institutions have with each other.
• The SWIFT is a secure financial message carrier — in other words, it transports messages from one bank to its intended bank recipient. It acts as the Gmail of global banking services.

It was founded in 1973 to end reliance on the telex system, an international system used especially in the past for sending written messages.

It is a member-owned cooperative, based in Brussels.

SWIFT doesn’t hold deposits. It’s overseen by the National Bank of Belgium and representatives from the U.S. Federal Reserve System, the Bank of England, the European Central Bank, the Bank of Japan, and other major central banks.

SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). The company was created to deliver high quality domestic financial messaging services to the Indian financial community.

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Solution: c)

While recommending MSPs, the CACP looks at the following factors:

* the demand and supply of a commodity;
* its cost of production;
* the market price trends (both domestic and international);
* inter-crop price parity;
* the terms of trade between agriculture and non-agriculture (that is, the ratio of prices of farm inputs and farm outputs);
* a minimum of 50 per cent as the margin over the cost of production; and
* the likely implications of an MSP on consumers of that product.

Solution: b)

All natural fats and oils are a combination of monounsaturated, polyunsaturated and saturated fatty acids. 

Trans fatty acids are formed during industrial partial hydrogenation of vegetable oil, a process widely commercialized to produce solid fats.

Trans fat increases low density lipoproteins (LDL), triglycerides and insulin levels and reduces beneficial high density lipoproteins (HDL).

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Solution: d)

Diphtheria is caused by a bacterium now known as Corynebacterium diphtheriae. The disease would start out as an infection of the respiratory tract and the bacterium would secrete a toxin that injured and then destroyed cells. A thick grey substance, from the cellular waste secreted from battling the bacterium, would envelop the pharynx and stick to the tissues and obstruct breathing. The effects of this could travel as far the heart and kidneys.

Universal Immunisation Programme (UIP) is a vaccination programme launched by the Government of India in 1985. The programme now consists of vaccination for 12 diseases- tuberculosis, diphtheria, pertussis (whooping cough), tetanus, poliomyelitis, measles, hepatitis B, diarrhoea, Japanese encephalitis, rubella, pneumonia (haemophilus influenzae type B) and Pneumococcal diseases (pneumococcal pneumonia and meningitis).