[Mission 2023] Current Affairs Quiz , 11 January 2023

Solution: b)

MGNREGA:

• The scheme was introduced as a social measure that guarantees “the right to work”.
• The key tenet of this social measure and labour law is that the local government will have to legally provide at least 100 days of wage employment in rural India to enhance their quality of life.
• Proactively ensuring social inclusion by strengthening the livelihood base of rural poor.
• Creation of durable assets in rural areas such as wells, ponds, roads and canals.
• Must be Citizen of India to seek MGNREGA benefits.
• Job seeker has completed 18 years of age at the time of application.
• The applicant must be part of a local household (i.e. application must be made with local Gram Panchayat).
• Applicants must volunteer for unskilled labour.
• The Ministry of Rural Development (MRD), Govt of India is monitoringthe entire implementation of this scheme in association with state governments.
• Right to get unemployment allowance in case employment is not provided within fifteen days of submitting the application or from the date when work is sought.
• Social Audit of MGNREGA works is mandatory, which lends to accountability and transparency.
• The Gram Sabha is the principal forum for wage seekers to raise their voices and make demands.
• It is the Gram Sabha and the Gram Panchayat which approves the shelf of works under MGNREGA and fix their priority.

Solution: d)

Microfinance is a form of financial service which provides small loans and other financial services to poor and low-income households. 

Microcredit is delivered through a variety of institutional channels viz., (i) scheduled commercial banks (SCBs) (including small finance banks (SFBs) and regional rural banks (RRBs)) lending both directly as well as through business correspondents (BCs) and self-help groups (SHGs), (ii) cooperative banks, (iii) non-banking financial companies (NBFCs), and (iv) microfinance institutions (MFIs) registered as NBFCs as well as in other forms.

Solution: c)

Fiscal profligacy is opposite of fiscal prudence. It is the act of spending money or using something in a way that wastes it and is not wise. The costs of fiscal profligacy at the State level can be huge.

Solution: d)

Carbon sinks are natural systems that suck up and store carbon dioxide from the atmosphere. The Earth’s land and oceans absorb about half of all carbon dioxide emissions from human activities.

Mangroves, seagrass beds and salt marshes store at least ten times more carbon than continental forests.

Sedimentary rocks in the Earth’s crust contain loads of carbon compounds, including the hydrocarbons we use as fossil fuels that leads to excess carbon dioxide in our atmosphere.

A forest is considered a carbon sink if it absorbs more carbon than it releases. Worryingly, the Amazon rainforest is now releasing instead of absorbing carbon dioxide.

Solution: c)

The various matters such as Matri-monial/Family Disputes, Criminal (Compoundable Offences) cases, Land Acquisition cases, Labour disputes, Workmen’s compensation cases, Bank Recovery cases, Pension cases etc.