[Mission 2024] Current Affairs Quiz , 28 Jun 2023

Solution: d)

The Law Commission of India in its 279th report, has recommended retaining Section 124A of the Indian Penal Code (IPC) on ‘sedition’. The Commission also felt that the Unlawful Activities (Prevention) Act (UAPA), 1967, does not cover all elements of the offence envisaged under Section 124A IPC. 

‘Unlawful activity’ defined under Section 2(1)(o) of the UAPA includes ‘any action taken by such individual or association which causes or is intended to cause disaffection against India’. The punishment prescribed is imprisonment for up to seven years and a fine. The only difference between Section 124A IPC and this provision of the UAPA is that in place of the words ‘Government established by law in India’, the word ‘India’ is used in the UAPA.

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Solution: b)

Statement 2 is incorrect.

An old pension scheme (OPS), commonly known as the PAYG scheme, is defined as an unfunded pension scheme where current revenues fund pension benefits. Under this scheme, the contribution of the current generation of workers was explicitly used to pay the pensions of existing pensioners. OPS involved a direct transfer of resources from the current generation of taxpayers to fund the pensioners.

NPS is a defined contribution pension scheme. NPS enables an individual to undertake retirement planning while in employment. With systematic savings and investments,

NPS facilitates the accumulation of a pension corpus during their working life. NPS is designed to deliver a sustainable solution of having adequate retirement income in old age or upon superannuation.

The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%. The eventual payout depends on the market returns on that corpus, which is mostly invested in federal debt.

In contrast, the Old Pension Scheme (OPS) guarantees a fixed pension of 50% of an employee’s last drawn salary, without requiring them to contribute anything during their working life.

NPS is mandatory for central government employees joining services on or after January 1, 2004, and almost all state governments have adopted it for their employees. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

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Solution: b)

Statement 1 is incorrect.

About NCPCR:

• Set up in March 2007 under the Commission for Protection of Child Rights Act, 2005.
• It works under the administrative control of the Ministry of Women & Child Development.
• The Commission’s Mandate is to ensure that all Laws, Policies, Programmes, and Administrative Mechanisms are in consonance with the Child Rights perspective as enshrined in the Constitution of India and also the UN Convention on the Rights of the Child.

The Commission shall perform all or any of the following functions, namely:

• Examine and review the safeguards provided by or under any law for the time being in force for the protection of child rights and recommend measures for their effective implementation.
• Present to the central government, annually and at such other intervals, as the commission may deem fit, reports upon working of those safeguards;
• Inquire into violation of child rights and recommend initiation of proceedings in such cases;
• Examine all factors that inhibit the enjoyment of rights of children affected by terrorism, communal violence, riots, natural disaster, domestic violence, HIV/AIDS, trafficking, maltreatment, torture and exploitation, pornography and prostitution and recommend appropriate remedial measures;

Solution: c)

“PM GatiShakti — National Master Plan” for infrastructure development aimed at boosting multimodal connectivity and driving down logistics costs.

PM Gati Shakti aims to institutionalize holistic planning for major infrastructure projects.

PM GatiShakti is a digital platform that connects different ministries — including Roads and Highways, Railways, Shipping, Petroleum and Gas, Power, Telecom, Shipping, and Aviation, with a view to ensuring holistic planning and execution of infrastructure projects.

So far, access to portal’s data, which include detailed maps with existing economic and social infrastructure as well as upcoming projects, is restricted to Central and State government agencies and departments.  

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Solution: c)

A barrier to trade is a government-imposed restraint on the flow of international goods or services. The most common barrier to trade is a tariff—a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (goods produced at home).

An import quota is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

FDI is related to the capital sector and overall investment policy of the nation. FDI is not considered a trade component.