[Mission 2023] Current Affairs Quiz , 12 September 2022

Solution: d)

Set of human development indices that the HDR compiles. These include:

1. HDI
2. Inequality-adjusted HDI
3. Gender Development Index
4. Gender Inequality Index
5. Multidimensional Poverty Index
6. Planetary pressures-adjusted Human Development Index

Source

Solution: b)

US President Joe Biden first discussed the IPEF in the East Asia Summit on October 2021, saying “United States will explore with partners the development of an Indo-Pacific economic framework that will define our shared objectives around trade facilitation, standards for the digital economy and technology, supply chain resiliency, decarbonization and clean energy, infrastructure, worker standards, and other areas of shared interest”.

IPEF is not a free trade agreement, and not the “same old, same old” kind of trade agreement, but allows members to negotiate the parts they want to.

Currently, India and 13 countries located in the Pacific Ocean are its members: Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States, and Vietnam.

Source

Solution: c)

Overheating of an economy occurs when its productive capacity is unable to keep pace with growing aggregate demand leading to inflation. 

When there is excess demand and low supply, high consumption and low savings can lead to a situation where there is a shortage of investible capital. The economy is unable to supply demanded goods and prices start increases.

This can be caused due to additional liquidity pumped in the system by the central bank or government. When people have more money in the short-term, they can demand more goods and services causing the economy to heat up in the short-term, until the demand is satisfied.

Solution: c)

Rashtriya Krishi Vikas Yojana, or RKVY (a programme to “ensuring holistic development of agriculture and allied sectors”). This programme provides a lot of flexibility to States to devise and implement their own agricultural development programmes.

Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) — to improve farm productivity — the Paramparagat Krishi Vikas Yojana (a programme to “increase soil fertility and also the production of healthy food through organic practices” among other things), etc.

Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA), which is the flagship programme to provide enhanced Minimum Support Price (MSP) of 50% above the cost of production to farmers.

Solution: c)

For those on Earth, Venus is the second-brightest object in the sky after the moon. It appears bright because of its thick cloud cover that reflects and scatters light. But while Venus, which is the second closest planet to the Sun, is called the Earth’s twin because of their similar sizes, the two planets have significant differences between them.

For one, the planet’s thick atmosphere traps heat and is the reason that it is the hottest planet in the solar system, despite coming after Mercury, the closest planet to the Sun. Surface temperatures on Venus can go up to 471 degrees Celsius, which is hot enough to melt lead, NASA notes.

Further, Venus moves forward on its orbit around the Sun but spins backwards around its axis slowly. This means on Venus the Sun rises in the west and sets in the East. One day on Venus is equivalent to 243 Earth days because of its backward spinning, opposite to that of the Earth’s and most other planets. Venus also does not have a moon and no rings.