[Mission 2023] Current Affairs Quiz , 1 November 2022

Solution: d)

To bolster investments in solar power projects, the International Solar Alliance (ISA), in its General Assembly meeting, approved the ‘Solar Facility’, a payment guarantee mechanism expected to stimulate investments into solar projects through two financial components — a Solar Payment Guarantee Fund and Solar Insurance Fund. 

The thrust of the facility is to attract private capital to flow into “underserved markets” in Africa. The ISA would aim to crowdsource investments from various donors across the globe and proposed projects in Africa would be able to purchase payment guarantees or partial insurance premium from these funds.

“With the Solar Facility ISA is looking to support projects by reducing lenders’ apprehensions and enabling finance to flow for projects that otherwise may not have received funding.

The assembly is the apex decision-making body of the 110-member ISA that works with governments to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.

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Solution: c)

Chhath Puja is one of the most major festivals of India. This festival is celebrated in most parts of Bihar, Uttar Pradesh and also in some parts of Nepal. It is celebrated six days after Deepavali, on the sixth day of the lunar month of Kartika (October–November) in the Hindu calendar. This day is observed by offering prayer to Lord Sun and taking dips into the holy waters of the Ganga.

Solution: d)

The Bank for International Settlements (BIS) is an international financial institution owned by central banks that “fosters international monetary and financial cooperation and serves as a bank for central banks”.

The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. The committee expanded its membership in 2009 and then again in 2014. In 2019, the BCBS has 45 members from 28 Jurisdictions, consisting of Central Banks and authorities with responsibility of banking regulation. The Committee’s Secretariat is located at the Bank for International Settlements (BIS) in Basel, Switzerland.

Solution: a)

Yellow rust or stripe rust is a fungal disease which attacks the leaves of wheat crop by forming yellow stripes and affects their photosynthesis that causes shrivelling of grain size. It is a disease of cool weather in the northern hills and north-western plains zone.

Solution: d)

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