[Mission 2024] Current Affairs Quiz , 4 November 2023

Solution: d)

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

Solution: a)

The UN Framework Convention on Climate Change (UNFCCC), the 1994 international agreement that lays down the broad principles of the global effort to fight climate change, explicitly acknowledges this differentiated responsibility of nations. It makes it very clear that rich countries must provide both the finance and the technology to the developing nations to help them tackle climate change.

It was after much struggle that the developing countries and NGOs managed to establish a separate channel on loss and damages at international climate change negotiations. The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters.

Solution: c)

Dvorak was an American meteorologist best credited for developing the Dvorak (read as Do-rak) technique in the early 1970s. The technique has been upgraded multiple times since then.

The updated technique, would improve the tropical storm forecasts by many folds as they would have access to sharper and detailed images than ever before.

The Dvorak technique was a cloud pattern recognition technique based on a concept model of the development and decay of the tropical cyclone.

From the satellite images thus obtained, the Dvorak technique helps forecasters to do a pattern recognition from the observed structure of the storm, locate its eye and estimate the intensity of the storm.

It is the Dvorak technique which gives the best estimates of the cyclone intensity — a vital component while issuing weather warnings.

Solution: c)

The PMLA was enacted in 2002 in line with India’s global commitment to combat money laundering, particularly related to crimes involving drugs and narcotics. 

The PMLA seeks to combat money laundering in India and has three main objectives:

• To prevent and control money laundering.
• To confiscate and seize the property obtained from the laundered money; and
• To deal with any other issue connected with money laundering in India.

The Act and Rules notified there under impose obligation on banking companies, financial institutions and intermediaries to verify identity of clients, maintain records and furnish information in prescribed form to Financial Intelligence Unit – India (FIU-IND).

Solution: c)

All existing nuclear weapons derive some of their explosive energy from nuclear fission reactions. Weapons whose explosive output is exclusively from fission reactions are commonly referred to as atomic bombs or atom bombs. In fission weapons, a mass of fissile material (enriched uranium or plutonium) is forced into supercriticality—allowing an exponential growth of nuclear chain reaction.

Fusion weapons are generally referred to as thermonuclear weapons or more colloquially as hydrogen bombs (abbreviated as H-bombs), as they rely on fusion reactions between isotopes of hydrogen (deuterium and tritium).