[MISSION 2024] RTM(Revision through MCQs)- 3 January 2024

Ans: (b )

Explanation:

• Context: The Centre has mandated the payment of all wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) through an Aadhaar-based payment system (ABPS), starting from Jan 1st, 20024.
• S1: The Indian Constitution does not expressly recognize the ‘right to work’ as a fundamental right. It is set in Part IV (Directive Principles of State Policy) of the Constitution under Article 41. Source–
• S2: “Right to work” present under Article 41 of the constitution is enforced under the flagship programme of NREGA (now MGNREGA) by the government of India.

Refer: https://www.insightsonindia.com/2024/01/03/performance-of-mahatma-gandhi-national-rural-employment-guarantee-act-mgnrega/

Ans: (d)

Explanation:  Aadhaar Enabled Payment System (AePS)?

• AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. AePS allows you to do six types of transactions.
• The only inputs required for a customer to do a transaction under this scenario are:-
  • Bank Name
  • Aadhaar Number
  • Biometrics captured during enrolment
• Banking Services Offered by AePS
  • Cash Deposit
  • Cash Withdrawal
  • Balance Enquiry
  • Mini Statement
  • Aadhaar to Aadhaar Fund Transfer
  • Authentication
  • BHIM Aadhaar Pay
• Other Services offered by AePS:
  • eKYC
  • Best Finger detection
  • Demo Auth
  • Tokenization
  • Aadhaar Seeding Status
• For more information refer: https://www.npci.org.in/what-we-do/aeps/product-overview

Refer: https://www.insightsonindia.com/2024/01/03/performance-of-mahatma-gandhi-national-rural-employment-guarantee-act-mgnrega/

Ans: (c)

Explanation:

• The interest rate on small savings instruments such as the National Savings Certificate, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra and Public Provident Fund are revised every quarter in line with the market rate for the 10-year government security, based on a formula devised by a committee led by former Reserve Bank of India Governor Shyamala Gopinath. The committee had recommended that the interest rates of different schemes should be 25-100 bps higher than the yields of the government bonds of similar maturity.

Refer: https://www.insightsonindia.com/2024/01/03/sukanya-samriddhi-yojana-ssy-scheme/

Ans: (b)

Explanation: Distributed ledger technology (DLT) and BlockChain technology:

• Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.
• Unlike traditional databases, distributed ledgers have no central data store or administration functionality.
• Whether distributed ledger technologies, such as blockchain, will revolutionize how governments, institutions and industries work is an open question.
• Blockchain technology is a specific kind of DLT that came to prominence after Bitcoin, a cryptocurrency that used it, became popular.
• Cryptocurrencies such as Bitcoin use codes to encrypt transactions and stack them up in blocks, creating Blockchains. It is the use of codes that differentiates cryptocurrencies from other virtual currencies.

Refer: https://www.insightsonindia.com/2024/01/03/virtual-digital-asset-service-providers-vda-sps/

Ans: (a)

Explanation: About Financial Intelligence Unit – India

• It is an organisation (HQ: New Delhi; formed: 2004) under the Department of Revenue, Government of India which collects financial intelligence about offences under the Prevention of Money Laundering Act, 2002. It is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by Finance Minister.

Refer: https://www.insightsonindia.com/2024/01/03/virtual-digital-asset-service-providers-vda-sps/

Ans: (a)

Explanation:

• The Bureau of Indian Standards (BIS) (HQ: New Delhi) is the National Standards Body of India under the Ministry of Consumer Affairs, Food & Public Distribution. Established by the Bureau of Indian Standards Act, 2016, effective from October 12, 2017, it replaced the Indian Standards Institution (ISI). The BIS Act, 2016, designates the Minister in charge of the relevant Ministry as the ex-officio President. It also serves as India’s WTO-TBT (Agreement on Technical Barriers to Trade) enquiry point.

Refer: https://www.insightsonindia.com/2024/01/03/marine-energy-conversion-systems-sectional-committee-mecssc/

Ans: (c )

Explanation:

• He was the founder of Vijayanagar Empire.
• His initial military exploits established his control over the valley of Tungabhadra River (a tributary of Krishna), and gradually he expanded his control to certain regions of Konkan and Malabar Coast. By that time Hoysalas had lost its last ruler Veera Ballala III who died fighting the Sultan of Madurai, and the vacuum so created facilitated Harihara I to emerge as a sovereign power. The entire Hoysala territories came under his rule directly.
• Source: https://en.wikipedia.org/wiki/Harihara_I

Refer: UPSC CSE 2015

• Context: The Department of Empowerment of Persons with Disabilities (Divyangjan) is set to inaugurate the Divya Kala Mela 2023 in Bengaluru.
• ‘Divya Kala Melas’ organized across India is part of the initiative to empower Persons with Disabilities (PwD) during the year 2023-2024.
• About Divya Kala Mela:
  • Around 100 Divyang artisans from 20 states/UTs will display their products in categories such as home décor, clothing, stationery, eco-friendly items, packaged food, organic products, toys, gifts, and personal accessories.
  • The Mela will also feature cultural activities and performances by Divyangjan artists, providing a platform for marketing and showcasing their skills.

Refer: https://www.insightsonindia.com/2024/01/02/divya-kala-mela-2023/

Ans: (b)

Explanation:

• First woman President of INC was Annie Besant.
• First male President was W.C. Banerjee. First Muslim male President was Badruddin Tyabji.
• Source: https://en.wikipedia.org/wiki/Muslim_presidents_of_Indian_National_Congress

Refer: UPSC CSE 2015

Ans: (b)

Explanation:

• It relaxed the central control over the provinces by demarcating and separating the central and provincial subjects. The central and provincial legislatures were authorised to make laws on their respective list of subjects. However, the structure of government continued to be centralised and unitary.
• It further divided the provincial subjects into two parts—transferred and reserved, which is what we know as diarchy.

Refer: UPSC CSE 2015

Ans: (d)

Explanation:

• The Indira Gandhi Prize or the Indira Gandhi Peace Prize or the Indira Gandhi Prize for Peace, Disarmament and Development is the prestigious award accorded annually by India to individuals or organizations in recognition of creative efforts toward promoting international peace, development and a new international economic order; ensuring that scientific discoveries are used for the larger good of humanity, and enlarging the scope of freedom.
• The prize carries a cash award of 2.5 million Indian rupees and a citation. The recipients are chosen from a pool of national and international nominees.
• The Indira Gandhi Prize for Peace, Disarmament and Development 2022, jointly awarded to the Indian Medical Association and the Trained Nurses Association of India as representatives of the COVID-19 warriors in the country.