[Mission 2023] Insta– QUED ( Questions from Editorials ) 21 July 2022

Solution: a)

The Geneva Conventions is a body of Public International Law, also known as the Humanitarian Law of Armed Conflicts, whose purpose is to provide minimum protections, standards of humane treatment, and fundamental guarantees of respect to individuals who become victims of armed conflicts.

The Geneva Conventions that originally only addressed the treatment of combatants was later expanded to include non-combatants and civilians as well.

The Geneva Conventions have been ratified by 196 states, including all UN member states.

Solution: a)

About ICC:

• The International Criminal Court (ICC), located in The Hague, is the court of last resort for prosecution of genocide, war crimes, and crimes against humanity.
• It is the first permanent, treaty based, international court established to help end impunity for the perpetrators of the most serious crimes of concern to the international community.
• Its founding treaty, the Rome Statute, entered into force on July 1, 2002.
• Funding: Although the Court’s expenses are funded primarily by States Parties, it also receives voluntary contributions from governments, international organisations, individuals, corporations and other entities.

The International Court of Justice is the principal judicial organ of the UN.

Solution: c)

• A Collective Investment Scheme is an investment scheme where various individuals come together and pool their money in order to invest their whole fund collection in a particular asset. The returns and profits arising from this investment would be shared as per the agreement finalised amongst the investors prior to the act.
• Collective Investment Schemes, on a global scale, has broader connotations which include mutual funds as well.
• However, the Schemes, as prescribed in Section 11AA of the SEBI Act of 1992, excludes mutual funds and other schemes in India.
• The Securities Exchange Board of Indiaregulates them under the SEBI (Collective Investment Scheme) Regulations of 1999.

Solution: d)

“Angel investor” means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely,

(a) an individual investor who has net tangible assets of at least two crore rupees excluding value of his principal residence, and who:

(i) has early stage investment experience, or

(ii) has experience as a serial entrepreneur, or

(iii) is a senior management professional with at least ten years of experience;

(‘Early stage investment experience’ shall mean prior experience in investing in start-up or emerging or early-stage ventures and ‘serial entrepreneur’ shall mean a person who has promoted or co-promoted more than one start-up venture.)

Sourcea

Solution: c)

World Health Organization (WHO) had launched comprehensive plan “REPLACE” to eliminate industrially-produced artificial trans-fats from global food supply by 2023.