[Mission 2024] Current Affairs Quiz , 4 July 2023

Solution: b)

Statement 2 is incorrect.

Enforcement Directorate (ED) has the power to register a case against an organisation under the Foreign Exchange Management Act (FEMA) for alleged foreign exchange violation.

What is the aim of the FEMA (Foreign Exchange Management Act)?

FEMA came in 1999 as a successor to the Foreign Exchange Regulation Act or FERA of 1973, with changing economic conditions in a post-liberalisation India. 

So what changed with the FEMA?

Reflecting the major change in mindset was the decision to make offences or violations under this law a civil offence rather than criminal one, and making transactions that are part of the current account, such as travelling abroad for tourism, education, etc., a matter of right while putting in place restrictions on the capital account.

Solution: b)

Article 163(1) of the Constitution says “there shall be a Council of Ministers with the Chief Minister at the head to aid and advise the Governor in the exercise of his functions”.

Neither Article 163 nor Article 164 (“Other provisions as to Ministers”), sub clause (1) of which says “the Chief Minister shall be appointed by the Governor and the other Ministers shall be appointed by the Governor on the advice of the Chief Minister”, mentions a Deputy Chief Minister.

The post of Deputy CM is understood as being equivalent in rank to that of Cabinet Minister (in the state). The Deputy CM enjoys the same pay and perks as a Cabinet Minister.

Source

Solution: c)

Gravitational waves are ‘ripples’ in space-time caused by some of the most violent and energetic processes in the Universe. The strongest gravitational waves are produced by cataclysmic events such as colliding black holes, supernovae (massive stars exploding at the end of their lifetimes), and colliding neutron stars.

Solution:  b)

Statement 3 is incorrect.

The SFC, which carried out the test, is a key tri-services formation that manages and administers all the strategic assets and falls under the purview of the Nuclear Command Authority of India.

The Nuclear Command Authority is the sole body which can authorize the use of nuclear weapons. It comprises a Political Council and an Executive Council. The Political Council is chaired by the Prime Minister. The Executive Council, chaired by the National Security Advisor, provides inputs for decision-making by the Nuclear Command Authority and executes the directives given to it by the Political Council.

Solution: b)

The South China Sea lies just south of the Chinese mainland and is bordered by the countries of Brunei, China, Indonesia, Malaysia, Philippines, Taiwan and Vietnam.