[Mission 2023] Insta– QUED ( Questions from Editorials ) 4 August 2022

Solution: a)

Of the final goods, we can distinguish between consumption goods and capital goods. Goods like food and clothing, and services like recreation that are consumed when purchased by their ultimate consumers are called consumption goods or consumer goods.

We may note here that some commodities like television sets, automobiles or home computers, although they are for ultimate consumption, have one characteristic in common with capital goods – they are also durable. That is, they are not extinguished by immediate or even short period consumption; they have a relatively long life as compared to articles such as food or even clothing. They also undergo wear and tear with gradual use and often need repairs and replacements of parts, i.e., like machines they also need to be preserved, maintained and renewed. That is why we call these goods consumer durables.

Solution: a)

IUCN Red List or Red Data List or Red Book

• The IUCN Red List of Threatened Species, founded in 1964, is the world’s most comprehensive inventory of the global conservation status of biological species.
• The aim of the IUCN Red List is to convey the urgency of conservation issues to the public and policy makers, as well as help the international community to reduce species extinction. 
• The pink pagesin this publication include the critically endangered species.
• As the status of the species changes, new pages are sent to the subscribers.
• Green pagesare used for those species that were formerly endangered but have now recovered to a point where they are no longer threatened.
• With passing time, the number of pink pages continue to increase.

Solution: d)

Species are classified by the IUCN Red List into nine groups

• Extinct (EX)No known individuals remaining.
• Extinct in the wild (EW)Known only to survive in captivity, or as a naturalized population outside its historic range.
• Critically endangered (CR)Extremely high risk of extinction in the wild.
• Endangered (EN)High risk of extinction in the wild.
• Vulnerable (VU) High risk of endangerment in the wild.
• Near threatened (NT)Likely to become endangered in the near future.
• Least concern (LC)Lowest risk. Does not qualify for a more at-risk category. Widespread and abundant taxa are included in this category.
• Data deficient (DD)Not enough data to assess its risk of extinction.
• Not evaluated (NE)Has not yet been evaluated against the criteria.

Solution: c)

During the south-west monsoon period after having rains for a few days, if rain fails to occur for one or more weeks, it is known as break in the monsoon. These dry spells are quite common during the rainy season. These breaks in the different regions are due to different reasons:

(i) In northern India rains are likely to fail if the rain-bearing storms are not very frequent along the monsoon trough or the ITCZ over this region.

(ii) Over the west coast the dry spells are associated with days when winds blow parallel to the coast.

Solution: a)

Participatory Notes, also called P-Notes are instruments that are issued by registered FIIs to overseas investors who want to invest in the stock markets in India, without registering themselves with the market regulatory authority SEBI. P-Notes are not used within India but by investors abroad. Hence, they are also known as offshore derivative instruments. They are used by clients of FIIs who do not wish to directly participate in the stock market in India, but do it through the FIIs using PNs.

The P-Note holder also does not enjoy any voting rights in relation to security/shares referenced by the P-Note.