[MISSION 2023] RTM(Revision through MCQs)- 27 Mar 2023

Ans: (d)

Explanation:

• The IMF was set up in 1945: as an outcome of the Bretton Woods conference.
• The primary goal of the IMF back then was to bring about international economic coordination to prevent competing currency devaluation by countries trying to promote their own exports.
• Eventually, the IMF evolved to be a lender of last resort to governments of countries that had to deal with severe currency crises.
• Countries were not eligible for membership in the International Bank for Reconstruction and Development (IBRD) unless they were members of the IMF.

Refer: https://www.insightsonindia.com/2023/03/27/understanding-imf-bailouts/

Ans: (b)

Explanation: About the Award:

• The award was instituted by the Delhi Commission for the Protection of Child Rights and received 1,100 nominations from individuals and organizations across the country.

Refer: facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (d)

Explanation:Major features of the Act

• Absolute power to the central government to declare an activity unlawful
• Both Indian and foreign nationals can be charged (even outside India)
• The highest punishment includes the death penalty and life imprisonment
• Individuals can be designated as terrorists on certain grounds
• The Director General of NIA can grant approval for the seizure or attachment of property
• Officers of the NIA can investigate cases of terrorism

Refer: facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (c)

Explanation:

• Definition of Money Bill
• (1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely
• (a) the imposition, abolition, remission, alteration or regulation of any tax;
• (b) the regulation of the borrowing of money or the giving of any guarantee by the Government of India, or the amendment of the law with respect to any financial obligations undertaken or to be undertaken by the Government of India;
• (c) the custody of the consolidated Fund or the Contingency Fund of India, the payment of moneys into or the withdrawal of moneys from any such Fund;
• (d) the appropriation of moneys out of the consolidated Fund of India (not Contingency Fund of India). So, C is incorrect.

Refer:  facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (d)

Explanation:

• Rubber Board has launched a mobile app–CRISP–to inform growers about rubber cultivation and provides solutions online.
• CRISP (Comprehensive Rubber Information System Platform) has been developed by the Rubber Research Institute of India (RRII) in collaboration with the Digital University of Kerala.

Refer:  facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (c )

Explanation:

• Rabies is a fatal but preventable viral disease. It can spread to people and pets if they are bitten or scratched by a rabid animal.
• Context: The Central Government has launched the National Rabies Control Programme (NRCP) for the prevention and control of Rabies.

Refer:  facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (d)

Explanation: About the  OneWeb India-1 mission:

• It is a Network Access Associates Limited, UK (Bharti-backed OneWeb Group Company) and the NewSpace India Limited (NSIL) joint mission to launch 72 satellites to Low-Earth Orbits (LEO).
• In its second mission, LVM3 placed 36 OneWeb Gen-1 satellites totalling about 5,805 kg recently.
• It will open the door for India to advance toward gaining access to LEO connectivity and the spread of space-based internet.

Refer:  facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (c)

Explanation: About Aravalli Green Wall Project

• The Aravalli Green Wall Project is part of the Union Environment Ministry’s vision to create green corridors across the country to combat land degradation and desertification. The project covers the states of Haryana, Rajasthan, Gujarat and Delhi – where the Aravalli hills landscape span over 6 million hectares of land.
• The project will involve planting native species of trees and shrubs on scrubland, wasteland and degraded forest land, along with rejuvenating and restoring surface water bodies such as ponds, lakes and streams.

Refer:  facts for prelims: https://www.insightsonindia.com/2023/03/27/mission-2023-insights-daily-current-affairs-pib-summary-27-march-2023/

Ans: (c )

Explanation:

• If SLR is reduced, banks have to park lesser money with RBI in form of securities, cash etc. So, they have more money to lend and the return on lending is also greater than what they get in SLR. Hence, the scheduled commercial banks may cut their lending rates.

Refer: UPSC CSE 2015

Ans: (b)

Explanation:

• Only the Lok Sabha can vote on the demand for grants.
• Rajya Sabha can only keep a money bill for not more than 14 days, before which the bill should be either returned to Lok Sabha with recommendations, or passed by the Rajya Sabha. In case of a disagreement between both the houses, the bill is deemed passed in the form it was passed by Lok Sabha.
• Every year the budget (annual financial statement as mentioned in the constitution) is discussed by the Rajya Sabha.
• Source: Laxmikanth – Indian Polity – Chapter 22 (Parliament)

Refer: UPSC CSE 2015