[Mission 2023] Current Affairs Quiz ,12 November 2022

Solution: d)

Several complementary institutions and measures such as the gram sabha to facilitate people’s participation, the District Planning committee (DPC) to prepare bottom up and spatial development plans, the State Finance Commission (SFC) to ensure vertical and horizontal equity, one-third reservation for women (in most States, now 50%), population-based representation to Scheduled Caste/Scheduled Tribe communities, and so on were introduced to promote this goal. Even so, India’s decentralisation reforms (with no parallel in federal history) have failed to take the decentralisation process forward in delivering social justice and progress in rural India.

Solution: a)

An angel investor (also known as a private investor, seed investor or angel funder) is a high-net-worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company.

Often, angel investors are found among an entrepreneur’s family and friends.

The funds that angel investors provide may be a one-time investment to help the business get off the ground or an ongoing injection to support and carry the company through its difficult early stages.

Solution: b)

About East Asia Summit:

• EAS is an initiative of ASEAN and is based on the premise of the centrality of ASEAN.
• The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.
• India has been participating in the EAS since its very inception in 2005.
• EAS has evolved as a forum for strategic dialogue and cooperation on political, security and economic issuesof common regional concern and plays an important role in the regional architecture.
• There are six priority areas of regional cooperation within the framework of the EAS. These are – Environment and Energy, Education, Finance, Global Health Issues and Pandemic Diseases, Natural Disaster Management, and ASEAN Connectivity. India endorses regional collaboration in all six priority areas.

Solution: b)

Most of the methane on Earth has a biological origin. Microorganisms called methanogens are capable of generating methane as a metabolic byproduct. They do not require oxygen to live and are widely distributed in nature. They are found in swamps, dead organic matter, and even in the human gut. They are known to survive in high temperatures and simulation studies have shown that they can live in Martian conditions. Methanogens have been widely studied to understand if they can be a contributor to global warming.

Solution: d)

Alternative Investment Funds are an avenue to pool in funds for investing in private equity, real estate or hedge funds.

There are 3 categories of AIFs :

• Category I AIF are those funds that invest in start-ups or social venture funds, infrastructure funds, SME funds, and so on. The government or regulators consider this category of funds as socially viable or economically desirable.
• Category II Funds are those that do not leverage or borrow, other than to meet the day-to-day operational requirements. This category typically consists of Private Equity Funds and Debt funds.
• Category III funds typically comprised of Hedge Funds that employ diverse or complex trading strategies. By investing in listed or unlisted derivatives, AIF managers try to employ leverage.