[Mission 2023] Current Affairs Quiz ,24 November 2022

Solution: c)

Economic Cooperation and Trade Agreement (ECTA) that was signed by India with the previous Australian administration under Prime Minister Scott Morrison.

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Solution: d)

Successive governments, particularly after 2004, have “picked” people whom it knew would “never ever” get close to the full term of six years prescribed under the Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act of 1991. Section 4 of the 1991 Act says the term of a CEC and Election Commissioners is six years or till the age of 65 years, whichever is earlier.

Protections under Article 324, like removal through impeachment, available under the Constitution to the CECs.

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Solution: b)

Gilt Funds are mutual funds that invest only in government securities. Since gilt funds invest only in government bonds, investors are protected from credit risk. The instruments where these funds invest have sovereign guarantee. Hence no default risk is associated with these instruments.

These funds can have different maturity profiles. Some may be short term while others are medium term or long term. Like any other bond funds, these funds too have interest rate risk ingrained in them. They are impacted by interest rate movements. 

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Solution: d)

Mangroves have been the focus of conservationists for years and it is difficult to overstate their importance in the global climate context. Mangrove forests — consisting of trees and shrub that live in intertidal water in coastal areas — host diverse marine life. They also support a rich food web, with molluscs and algae-filled substrate acting as a breeding ground for small fish, mud crabs and shrimps, thus providing a livelihood to local artisanal fishers.

Equally importantly, they act as effective carbon stores, holding up to four times the amount of carbon as other forested ecosystems. Mangrove forests capture vast amounts of carbon dioxide from the atmosphere and their preservation can both aid in removal of carbon from the atmosphere and prevent the release of the same upon their destruction.

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Solution: c)

What is Protection of Women from Domestic Violence Act 2005?

It is an act to provide for more effective protection of the rights of Women guaranteed under the Constitution who are victims of violence of any kind occurring within the family and for matters connected therewith or incidental thereto.

• It is the first significant attempt in India to recognise domestic abuse as a punishable offence, to extend its provisions to those in live-in relationships, and to provide for emergency relief for the victims, in addition to legal recourse.
• The Act provides a definition of “domestic violence” for the first time in Indian law, with this definition being broad and including not only physical violence, but also other forms of violence such as emotional/verbal, sexual, and economic abuse.

• It is a civil law meant primarily for protection orders, rather than criminal enforcement.