[Mission 2023] Current Affairs Quiz , 24 September 2022

Solution: a)

Unlike laws governing other agencies, particularly the CBI, the PMLA allows the ED to take cognizance of any offence under its wide-ranging schedule across the country, with or without the consent of state governments.

It has, therefore, been able to register money laundering cases against politicians or activists based on FIRs filed by state police forces — something the CBI is unable to do unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).

Source

Solution: b)

The conference was held from July 1 to 22, 1944. Agreements were signed that, after legislative ratification by member governments, established the International Bank for Reconstruction and Development (IBRD, later part of the World Bank group) and the International Monetary Fund (IMF). This led to what was called the Bretton Woods system for international commercial and financial relations.

Solution: d)

Benefits of wastes to energy plants:

• In terms of volume, usually waste-to-energy plants incinerate 80 to 90 percent of waste, thus helping large cities from choking due to unmanageable waste.
• Waste to energy generates clean, reliable energy from a renewable fuel source, thus reducing dependence on fossil fuels, the combustion of which is a major contributor to Greenhouse Gas (GHG) emissions.
• Sometimes, the residue ash is clean enough to be used for some purposes such as raw materials for use in manufacturing cinder blocks or for road construction.
• Some waste-to-energy plants convert salt water to potable fresh water as a by-product of cooling processes.
• Waste-to-energy plants cause less air pollution than coal plants.
• It is carbon-negative – processing waste into biofuel releases considerably less carbon and methane into the air than having waste decay away in landfills or the lake.

Solution: c)

The electoral bond scheme is designed to allow an individual, or any “artificial juridical person”, including body corporates, to purchase bonds issued by the State Bank of India during notified periods of time. These instruments are issued in the form of promissory notes, and in denominations ranging from ₹1,000 to ₹1 crore.

Solution: c)

Recession is defined as a fall in the overall economic activity for two consecutive quarters (six months) accompanied by a decline in income, sales and employment. In independent India’s history, four such years of negative GDP growth were registered.

Instances of recession since India’s independence: 1957-58 (-1.2%), 1965-66 (-2.6%), 1966-67 (-0.1%), 1972-73 (-0.6%) and 1979-80 (-5.2%).