[Mission 2023] Current Affairs Quiz , 20 October 2022

Solution: b)

The Conference on Interaction and Confidence Building Measures in Asia (CICA) is a multi-national forum for enhancing cooperation towards promoting peace, security and stability in Asia. It is a forum based on the recognition that there is a close link between peace, security and stability in Asia and in the rest of the world.

The idea of convening CICA was first proposed by the First President of the Republic of Kazakhstan – Elbasy H.E. Mr. Nursultan Nazarbayev, on 5 October 1992, at the 47th Session of the United Nations General Assembly.

To be a member of CICA, a state must have at least a part of its territory in Asia. 

India is a member state of CICA.

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Solution: c)

Snow leopard, often referred to as Ghost of the Mountains because of its coat that helps it blend in a snowy-rocky environment.

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Solution: d)

Key policy interventions and technological advancements have made India the second-largest telecom market in the world. The sector is one of the highest contributors to India’s GDP. In the last few years, the government has allowed 100% FDI in the sector, largely deregulated BPOs and call centres, enabled in-flight Wi-Fi, and allowed deferred payments from telecom operators due to their strained financial conditions. Now, the Department of Telecom has released the draft Indian Telecommunication Bill, 2022 — aimed at reforming existing telecom laws and regulations, and making them “future ready” — for public comment.

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Solution: c)

• The negotiable warehouse receipt (NWR) system was launched in 2011 allowing the transfer of ownership of a commodity stored in a warehouse without having to deliver it physically. These receipts are issued in negotiable form, making them eligible as collateral.
• This has been enabled by enabling the financing of warehouse receipts through the Warehouse (Development and Regulation) Act, 2007. The Warehousing Development and Regulatory Authority (WDRA) regulates the entire operation under NWR. 

Government launches negotiable warehousing receipts in e-format.

Electronic-Negotiable Warehouse Receipt (e-NWR) will help farmers/FPOs to have access to a large number of buyers across the country.

Salient features of e-NWR

• An e-NWR is available only in electronic form.
• The single source of information for the e-NWR is the repository system where e-NWR is issued by registered warehouses.
• Confidentiality, integrity and availability of the e-NWR information is provided by the Repository system.
• An e-NWR has time validity.
• All e-NWRS can be traded through off-market or on-market in Commodity Exchanges platforms.
• An e-NWR can be auctioned under certain conditions such as loan not repaid, on expiry and delivery not taken, and on likely damage or spoilage of the commodity in the warehouse.
• e-NWR can be transferred fully or in part.

Benefits of e-NWR system: 

• Avoidance of forgery/loss/tamper/mutilation of a physical NWR.
• Avoidance of multiple financing against the same NWR.
• Reduction of monitoring costs and building credibility amongst market participants.
• Market participants to have secured accessibility to view and manage their warehouse receipts via online portal.
• Easy access to finance by enabling multiple transfers without physical movement of goods.
• Splitting of NWRs for partial sale/pledge/withdrawal.

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Solution: a)

Thol Wildlife Sanctuary, Sultanpur National Park and Bhindawas Wildlife Sanctuary are Ramsar sites and birding sites.

Thol Lake is an artificial lake located in Gujarat.