[Mission 2024] Current Affairs Quiz , 14 November 2023

Solution: a)

• The Indian government has announced the extension of export benefits under the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) for an additional year, until June 2024.
• The RoDTEP scheme provides exporters with refunds for taxes, duties, and levies incurred during the manufacturing and distribution of goods, which are not reimbursed through other mechanisms at the central, state, or local levels.
• This move is expected to assist the exporting community in negotiating international export contracts under the current global economic conditions.

The RoDTEP scheme replaced the Merchandise Exports from India Scheme (MEIS), which concluded the previous year.

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Solution: a)

Only Statement 1 is correct.

The National Bank for Agriculture and Rural Development (NABARD) has successfully raised Rs 1,040.50 crore through a five-year social bond.

The social bonds issued by NABARD have received ‘AAA’ ratings from CRISIL and ICRA, and they will be listed on the BSE (Bombay Stock Exchange).

Social bonds are a type of financial instrument or investment vehicle issued by governments, companies, or organizations to raise capital for projects or initiatives with a specific social or environmental purpose. These bonds are typically designed to fund projects that have a positive impact on society or address social and environmental challenges.

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Solution: b)

Statement 3 is incorrect.

• The Breakthrough Agenda Report 2023 is an annual collaboration between the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), and the United Nations Climate Change High-Level Champions.
• Its focus is on strengthening international cooperation to accelerate the reduction of global greenhouse gas emissions.
• The report evaluates progress made since 2022 in priority areas for global collaboration.
• It offers recommendations for countries to work together in these sectors to reduce emissions over the next decade and mitigate the worst effects of climate change.

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Solution: c)

PET plastic, or polyethylene terephthalate, is a common type of plastic used to make bottles, containers, and synthetic fibres. It is known for its transparency, lightweight nature, and recyclability. PET is widely used for packaging beverages, food, and personal care products.

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Solution: b)

Statement 3 is incorrect.

• In Munnar, a popular tourist destination in India, balsams (genus Impatiens) are in full bloom, providing a delightful visual spectacle.
• Balsams are sometimes referred to as ‘touch-me-not’ due to their tendency to burst and distribute mature seeds upon touch.
• Balsams are considered significant indicator species for climate change, reflecting alterations in plant populations when climate change occurs.
• Idukki district, where Munnar is located, is renowned for its diverse range of balsams, earning it the nickname of a “balsam paradise” among scientists. The high-altitude areas surrounding Anamudi, the highest mountain in the Western Ghats, are particularly known for their rich diversity of wild balsams.

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