[MISSION 2022] INSIGHTS CURRENT AFFAIRS (11 June 2022 ) REVISION THROUGH MCQS

Ans: (a)

Explanation:

• The Public Financial Management System (PFMS) is a web-based online software application developed and implemented by the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, Government of India.
• PFMS started during 2009 with the objective of tracking funds released under all Plan schemes of Government of India, and real time reporting of expenditure at all levels of Programme implementation.
• Subsequently, the scope was enlarged to cover direct payment to beneficiaries under all Schemes. Gradually, it has been envisaged that digitization of accounts shall be achieved through PFMS and beginning with Pay & Accounts Offices payments, the O/o CGA did further value addition by bringing in more financial activities of the Government of India in the ambit of PFMS.
• The outputs / deliverables for the various modes / functions of PFMS include (but are not limited to):
  • Payment & Exchequer Control
  • Accounting of Receipts (Tax & Non-Tax)
  • Compilation of Accounts and Preparation of Fiscal Reports
  • Integration with Financial Management Systems of States

Refer: https://www.insightsonindia.com/2022/06/11/pfms-public-financial-management-system/

Ans: (b)

Explanation: What is the State Food Safety Index (SFSI)?

• The index was developed by FSSAI (Food Safety and Standards Authority of India) in 2018-19 to measure the performance of states on five significant parameters of Food Safety.
• The parameters include Human Resources and Institutional Data, Compliance, Food Testing – Infrastructure and Surveillance, Training & Capacity Building and Consumer Empowerment.
• The index will help in providing safe and nutritious food to our citizens.

Refer: https://www.insightsonindia.com/2022/06/11/state-food-safety-index/

Ans: (b)

Explanation:

• The World Health Organization (WHO) and the Food and Agriculture Organization of the United Nations (FAO)jointly facilitate the observance of World Food Safety Day, in collaboration with Member States and other relevant organizations.
• It was first celebrated in 2019.
• Objective:To strengthen the commitment to scale up food safety made by the Addis Ababa Conference and the Geneva Forum in 2019 under the umbrella of “The Future of Food Safety”.
• The theme for 2022was Safer Food, Better Health.

Refer: https://www.insightsonindia.com/2022/06/11/state-food-safety-index/

Ans: (c)

Explanation:

• The MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
• The Union Budget for 2018-19had announced that MSP would be kept at levels of 1.5 the cost of production.
• The MSP is fixed twice a year on the recommendations of the Commission for Agricultural Costs and Prices (CACP),which is a statutory body and submits separate reports recommending prices for kharif and rabi seasons.

Refer: https://www.insightsonindia.com/2022/06/11/minimum-support-prices-msp-for-the-khari-season-2022-23/

Ans: (d)

Explanation:

• S1: While procurement is open-ended, it is not unlimited since our buffer stock is limited.
• S2: This is absurd. MSP is only an indicative price, and Market price can rise way above or way below MSP given the situation.

Refer: https://www.insightsonindia.com/2022/06/11/minimum-support-prices-msp-for-the-khari-season-2022-23/

Ans: (c)

Explanation:

• The Commission was first formed by an ordinance in October 2020.
  • The erstwhile Environment Pollution (Prevention and Control) Authority, or EPCAhad been dissolved to make way for the Commission.
  • The Commission will be a statutory authority.
  • The Commission will supersede bodies such as the central and state pollution control boards of Delhi, Punjab, Haryana, UP and Rajasthan.
• Powers and functions:
  • It will have the powers to issue directions to these state governments on issues pertaining to air pollution.
  • It will entertain complaints as it deems necessary for the purpose of protecting and improving the quality of the air in the NCR and adjoining areas.
  • It will also lay down parameters for control of air pollution.
  • It will also be in charge of identifying violators, monitoring factories and industries and any other polluting unit in the region, and will have the powers to shut down such units.
  • It will also have the powers to overrule directives issued by the state governments in the region, that may be in violation of pollution norms.

Refer: https://www.insightsonindia.com/2022/06/11/commission-for-air-quality-management-caqm-3/

Ans: (c)

Explanation:

• AIWASIis a project Under South Asia Water Security Initiative (SAWASI) of Department of Foreign Affairs and Trade (DFAT), Australia.
• It aims to work towards the Water Sensitive City visionwhich is based on holistic management of the integrated water cycle.
• It will undertake investments that provide urban water services support to disadvantaged communities to access reliable, safe water and sanitation services.
• AIWASI project is also a ‘living laboratory’with multiple educational, social and environmental benefits like water literacy of students and the community, creation of green spaces etc.

Refer: https://www.insightsonindia.com/2022/06/11/australia-india-water-security-initiative-aiwasi/

Ans: (c)

Explanation:

• BIRAC is a not-for-profit Public Sector Enterprise, set up by the Department of Biotechnology (DBT).
• Objective:To strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.
• Functions:
  • Providing access to risk capital through targeted funding.
  • Technology transfer.
  • IP management and handholding schemes that help bring innovation excellence to the biotech firms and make them globally competitive.

Refer: facts for prelims: https://www.insightsonindia.com/2022/06/11/mission-2022-insights-daily-current-affairs-pib-summary-11-june-2022/

Ans: (a)

Explanation:

• The main body of the country is surrounded by Myanmar (Burma) to the west, Laos to the north and east, Cambodia to the southeast, and the Gulf of Thailand to the south.

Refer: facts for prelims: https://www.insightsonindia.com/2022/06/11/mission-2022-insights-daily-current-affairs-pib-summary-11-june-2022/

Ans: (c)

Explanation:

• RBI does not issue CDs to corporations, so S2 is wrong.
• S4 is incorrect too. Zero Coupon Bonds are G-secs that are issued at a discount and redeemed at par. No interest payment is made on such bonds at periodic intervals before maturity.

Refer: UPSC CSE 2020