Prelims 2020

14th August 2020 Daily Current Flash Cards

Mission Shakti; Bansagar Control Board; Vakataka Dynasty; Nagardhan excavations; Anti-Satellite (ASAT) Missile; World Customs Organisation; Three sets of data of Union Budget.
By IASToppers
August 14, 2020

 

 

 

What are three sets of data of Union Budget?

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Answer:

  • Actual data of the preceding year
  • Provisional data of the current year
  • Budgetary estimates for the following year

Enrich Your Learning:

Three sets of data of Union Budget

  • The Union Budget has three sets of data for every concerned sector or sub-sector of the economy:
  • (i) Actual data of the preceding year (here preceding year means one year before the year in which the Budget is being presented. Suppose the Budget presented is for the year 2008–09, the Budget will give the final/actual data for the year 2006–07 because the Budget is presented in February end of financial year 2007–08. After the data either we write ‘A’, means actual data/final data or write nothing (India writes nothing).
  • (ii) Provisional data of the current year (since the Budget for 2008–09 is presented at the end of the fiscal 2007–08, it provides Provisional Estimates for this year (shown as ‘PE’ in brackets with the data).
  • (iii) Budgetary estimates for the following year (here following year means one year after the year in which the Budget is being presented or the year for which the Budget is being presented, i.e., 2008–09. This is shown with the symbol ‘BE’ in brackets with the concerned data.).

 

 

 

How many member countries are there in the World Customs Organisation?

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Answer:

  • The WCO represents 183 customs administrations across the globe that collectively process approximately 98 per cent of world trade.

Enrich Your Learning:

World Customs Organisation

  • The World Customs Organization (WCO) is an intergovernmental organization headquartered in Brussels, Belgium.
  • The WCO represents 183 customs administrations across the globe that collectively process approximately 98 per cent of world trade.
  • Each of the six regions is represented by a regionally elected vice-chairperson to the WCO Council.
  • As the global centre of customs expertise, the WCO is the only international organisation with competence in customs matters.

Function:

  • The WCO is noted for its work in areas covering the development of international conventions, instruments, and tools on topics such as commodity classification, valuation, rules of origin, collection of customs revenue, supply chain security, international trade facilitation, customs enforcement activities, combating counterfeiting in support of Intellectual Property Rights (IPR), drugs enforcement, illegal weapons trading, integrity promotion, and delivering sustainable capacity building to assist with customs reforms and modernization.
  • The WCO maintains the international Harmonized System (HS) goods nomenclature, and administers the technical aspects of the World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin.
  • The WCO has divided its membership into six regions, namely:
  • South America, North America, Central America and the Caribbean
  • Europe
  • Far East, South and South East Asia, Australasia and the Pacific Islands
  • North of Africa, Near and Middle East
  • West and Central Africa
  • East and Southern Africa

 

 

 

Which method was chosen by India in recently concocted Mission Shakti which demonstrated Anti-Satellite (ASAT) Missile capability of India?

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Answer:

  • Among Kinetic Kill, fly-by-tests and Jamming method, India chose ‘Kinetic Kill’ method to destroy live satellite.

Enrich Your Learning:

Anti-Satellite (ASAT) Missile

  • Anti-satellite weapons (ASAT) are space weapons designed to incapacitate or destroy satellites for strategic military purposes.
  • No ASAT system has yet been utilized in warfare; a few nations have shot down their own satellites to demonstrate their ASAT capabilities in a show of force.
  • India conducted Mission Shakti, an anti-satellite missile test.
  • The significance of the test is that India has tested and successfully demonstrated its capability to interdict and intercept a satellite in outer space based on complete indigenous technology.
  • With this test, the country joins an exclusive group of space faring nations consisting of USA, Russia, and China.
  • The test was done in the lower atmosphere to ensure that there is no space debris. Whatever debris that is generated will decay and fall back onto the earth within weeks.

Which method was used in Mission Shakti?

  • Among Kinetic Kill, fly-by-tests and Jamming method, India chose ‘Kinetic Kill’ method to destroy live satellite.
  • ‘Kinetic Kill’ is a technology where India has developed its capability and used this method to destroy satellite as it meets the objectives set out in the mission.

 

 

 

The Nagardhan excavations, as recently seen in news, give insight to the lifestyle and culture of: (a) Satavahanas Dynasty OR (b) Vakataka Dynasty?

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Answer: Vakataka Dynasty

Enrich Your Learning:

Vakataka Dynasty

  • Vakatakas are the Shaivite rulers of Central India between the 3rd – 5th.
  • The empire of Vakatakas is believed to have extended from Malwa and Gujarat in the north to the Tungabhadra in the south and from the Arabian Sea in the west to the Bay of Bengal in the east.
  • Vindhyashakti was the founder of the dynasty.
  • The elephant god was a commonly worshipped deity in those times.
  • The rock-cut Buddhist viharas and chaityas of Ajanta Caves (a UNESCO World Heritage Site) were built under the patronage of Vakataka emperor, Harishena.
  • The Vakataka people traded with Iranand beyond through the Mediterranean Sea.

Nagardhan excavations:

  • Archaeological excavations at Nagardhan, near Nagpur, Maharashtra have provided concrete evidence on the life, religious affiliations and trade practices of the Vakataka dynastyand also about the Vakataka rule under Queen Prabhavatigupta.

Key findings and their significance:

  • An oval-shaped sealing has been traced.
  • It belongs to the period when Prabhavatigupta was the queen of the Vakataka dynastybearing her name in the Brahmi script, along with the depiction of a conch.
  • The presence of the conch is a sign of the Vaishnava affiliation that the Guptas held.
  • A copper plate issued by Queen Prabhavatigupta has also been found. It starts with a genealogy of the Guptas, mentioning the Queen’s grandfather Samudragupta and her father Chandragupta II.

 

 

 

The Bansagar dam is built on which river in Madhya Pradesh: (a) Tapti River OR (b) Sone River?

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Answer: The Bansagar dam is built on Sone River.

Enrich Your Learning:

Bansagar Control Board

  • Bansagar Control Board is a subordinate office of the Union Ministry of Water Resources.
  • The Board was set up vide Resolution dated the 30th January, 1976.
  • This Resolution was in accordance with the Bansagar Agreement reached between the Governments of Madhya Pradesh, Uttar Pradesh and Bihar on the 16th September 1973 for sharing the waters of River Sone and the cost of the Bansagar Dam.
  • The Control Board will be in overall charge of the project including its technical and financial aspects.

 

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