[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 4 June 2022

Solution: d)

The Union government recently said that it plans to develop a framework to curb fake reviews of products on e-commerce websites after studying the “best practices available globally”. 

Due to fake and misleading reviews, the right to be informed, which is a consumer right under the Consumer Protection Act, 2019 is violated.”

In India, fake reviews pose a threat to the consumer rights under the Consumer Protection Act, 2019. The Act states that the consumers have a right to be “informed about the quality, quantity, potency, purity, standard and price of goods, products or services”.

The Consumer Protection Act,2019 comes in to force from today i.e. 20^th July 2020.

Under this act every e-commerce entity is required to provide information relating to return, refund, exchange, warranty and guarantee, delivery and shipment, modes of payment, grievance redressal mechanism, payment methods, security of payment methods, charge-back options, etc. including country of origin which are necessary for enabling the consumer to make an informed decision at the pre-purchase stage on its platform.

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Solution: b)

The UIDAI, the statutory body mandated to collect Aadhaar data.

Locking biometrics: If you are worried about misuse of your Aadhaar biometric data, you can also lock it from the UIDAI website. When you lock your biometrics (fingerprint, iris, and face), they can no longer be used for authentication. 

Use VID: The Virtual Identity, or VID, is a system of “Limited KYC” (Know Your Customer). This hides the Aadhaar number from the authenticating agency, while still confirming the identity of the user. This is a 16-digit number, but temporary in nature. So, unlike the permanent 12-digit Aadhaar number, the VID is valid only for some time.

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Solution: b)

The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies. It cannot be used to fund infrastructure projects as it is not a currency. Same goes for settling domestic financial bills of the government.

SDR allocations can play a role in providing liquidity and supplementing member countries’ official reserves.

IMF member countries can borrow SDRs from its reserves at favourable interest rates, mostly to adjust their balance of payments to favourable positions.

Solution: c)

Section 135 of the Companies Act mandates corporates who are beyond a certain level of profits and turnover to pay at least 2% of their net profits before tax to the development space. This law gives corporates the necessary impetus to collaborate with non-state actors like Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs). This is a classic case of state-driven governance mechanism promoting collaboration among non-state actors.

A key pillar of democratic governance is citizens’ power to question the state.

Solution: a)

Association for Democratic Reforms is a non-partisan, non-governmental organization which works in the area of electoral and political reforms since 1999. 

The National Election Watch (NEW) is a nationwide campaign comprising of more than 1200 NGOs and other citizen led organizations working together on electoral reforms, improving democracy and governance in India. The campaign is active in almost all states of India and has been doing election watches for the State Assembly and Lok Sabha Elections since 2002.