[Mission 2023] Current Affairs Quiz , 12 October 2022

Solution: a)

E-rupee is the same as a fiat currency and is exchangeable one-to-one with the fiat currency.  Only its form is different. It can be accepted as a medium of payment, legal tender and a safe store of value. The digital rupee would appear as liability on a central bank’s balance sheet.

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Solution: d)

An object that helped create a new domain of history, and is the most-visited item at the British Museum is at the centre of demands by historians in Egypt. The UK is being asked to return the Rosetta Stone, a large stone slab that has fascinated the world since its discovery around two centuries ago.

The Rosetta Stone is a large stone slab with inscriptions on it and is believed to be a piece of a bigger rock. It has inscriptions in three scripts, all of which convey a decree or public message. This is similar to how in Ancient India, King Ashoka ordered stambhas or edicts that had messages of Buddha’s teachings and news about victory in a war inscribed. These were then placed throughout the kingdom for the public to see.

The important thing is that the decree is inscribed three times, in hieroglyphs (suitable for a priestly decree), Demotic (the cursive Egyptian script used for daily purposes, meaning ‘language of the people’), and Ancient Greek (the language of the administration – the rulers of Egypt at this point were Greco-Macedonian after Alexander the Great’s conquest”.

Therefore, the Rosetta Stone stands out for being the discovery that helped develop the specific field of ancient Egypt studies, Egyptology. Before it was found, there was no knowledge of what Egyptian hieroglyphs meant and how they were translated.

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Solution: c)

The Genetic Engineering Appraisal Committee (GEAC) functions in the Ministry of Environment, Forest and Climate Change (MoEF&CC). As per Rules, 1989, it is responsible for appraisal of activities involving large scale use of hazardous microorganisms and recombinants in research and industrial production from the environmental angle. The committee is also responsible for appraisal of proposals relating to release of genetically engineered (GE) organisms and products into the environment including experimental field trials.

GEAC is chaired by the Special Secretary/Additional Secretary of MoEF&CC and co-chaired by a representative from the Department of Biotechnology (DBT).

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Solution: c)

They did it to Huawei. They used it on Russia. Now, the United States is going after China’s advanced computing and supercomputer industry.

The rule that enables US regulators to extend their technology export control powers far beyond America’s borders to transactions between foreign countries and China.

The provision called the foreign direct product rule, or FDPR, was first introduced in 1959 to control trading of US technologies. It essentially says that if a product was made using American technology, the US government has the power to stop it from being sold – including products made in a foreign country.

Recently, US officials applied the rule to China’s advanced computing and supercomputer industry to stop it from obtaining advanced computing chips.

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Solution: d)

Government implements the Market Intervention Scheme (MIS) for procurement of agricultural and horticultural commodities which are perishable in nature and are not covered under the Price Support Scheme (PSS).

The objective of intervention is to protect the growers of these commodities from making distress sale in the event of a bumper crop during the peak arrival period when the prices tend to fall below economic levels and cost of production. The condition is that there should be either at least a 10 percent increase in production or a 10 percent decrease in the ruling market prices over the previous normal year.

The scheme is implemented at the request of a State/UT government which is ready to bear 50 percent of the loss (25 percent in case of North-Eastern States), if any, incurred on its implementation.