[Mission 2023] Current Affairs Quiz , 1 May 2023

Solution: a)

The capital markets regulator, Securities and Exchange Board of India (SEBI), recently approved a framework for Application Supported by Blocked Amount (ASBA)-like facility for trading in the secondary market.

The facility will be optional for investors and stock brokers. To facilitate smooth transition in the market, the framework will be implemented in a phased manner.

ASBA, which was first introduced by SEBI in 2008, is an application by an investor that contains an authorisation to a Self-Certified Syndicate Bank (SCSB) to block in the bank account the application money for subscribing to an issue.

An SCSB is a recognised bank capable of providing ASBA services to its customers.

The application money of an investor applying through ASBA shall be debited from the bank account only if her application is selected for allotment after the basis of allotment has been finalised. In public issues and rights issues, all investors have to mandatorily apply through ASBA.

At present, ASBA is available for the primary market, wherein the initial public offering (IPO) funds only are blocked on application, and are debited only on allotment.

Source

Solution: b)

The International Plant Protection Convention (IPPC) is one of the “Three Sisters” recognized by the World Trade Organization’s (WTO) Sanitary and Phytosanitary Measures (SPS) Agreement, along with the Codex Alimentarius Commission for food safety standards and the World Organization for Animal Health (OIE) for animal health standards.

Solution: b)

The International Plant Protection Convention (IPPC) is one of the “Three Sisters” recognized by the World Trade Organization’s (WTO) Sanitary and Phytosanitary Measures (SPS) Agreement, along with the Codex Alimentarius Commission for food safety standards and the World Organization for Animal Health (OIE) for animal health standards.

Solution: d)

Article 340 of the Constitution of India provides for the appointment of a Commission to investigate the conditions for the improvement of backward classes.

The President may by order appoint a Commission comprising of such persons that he thinks fit to investigate the conditions and background of socially and educationally backward classes that lie within the territory of India.

Article 340 of the Constitution resulted in two Backward Classes commissions:

• Kaka Kalelkar Commission (1953-1955)
• Mandal Commission (1978-80)

Solution: b)

The Defence Cyber Agency (DCyA) is a tri-service command of the Indian Armed Forces. Headquartered in New Delhi, the agency is tasked with handling cyber security threats. The DCyA draws personnel from all three branches of the Armed Forces. The head of the DCyA is an officer of two-star rank, and reports to the Chief of Defence Staff (CDS) through the Integrated Defence Staff (IDS).

Solution: c)