Flash-Cards-for-IAS-Prelims-2018-(15).jpg-iastoppers
Flash Cards

Day#37 Current Affairs Flash Cards [PRELIMS 2020]

‘Golden Triangle’ of South-East Asia; Advisory Board for Banking Frauds (ABBF); Biosimilars vs. Generics; Press Council of India;Logistics Performance Index; etc.
By IASToppers
September 05, 2019

 

 

Who releases Logistics Performance Index?

Click to View the Answer
Click to View the Question

Solution:

LPI is published by World Bank every two years.

Enrich Your Learning:

Logistics Performance Index

  • The Logistics Performance Index is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
  • The LPI is based on a worldwide survey of operators on the ground, providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade.
  • Feedback from operators is supplemented with quantitative data on the performance of key components of the logistics chain in the country of work.
  • The LPI consists of both qualitative and quantitative measures and helps build profiles of logistics friendliness for these countries.
  • LPI is the weighted average of the country scores on six key dimensions:
    • Efficiency of the clearance process by border control agencies, including Customs.
    • Quality of trade and transport related infrastructure.
    • Ease of arranging competitively priced shipments.
    • Competence and quality of logistics services.
    • Ability to track and trace consignments.
    • Timeliness of shipments in reaching destination within the scheduled or expected delivery time.
  • LPI offers two different perspectives: international and domestic.
  • International LPI: provides qualitative evaluations of a country in six areas by its trading partners—logistics professionals working outside the country.
  • Domestic LPI: provides both qualitative and quantitative assessments of a country by logistics professionals working inside it.
  • It includes detailed information on the logistics environment, core logistics processes, institutions, and performance time and cost data.

Logistics Performance Index of 2018

Logistics-Performance-iastoppers

  • India ranks 44 in the Logistics Performance Index 2018.

Index-2018-iastoppers

 

 

‘Golden Triangle’ of South-East Asia is centred around the meeting point of the borders of which countries?

Click to View the Answer
Click to View the Question

Solution:

  • ‘Golden Triangle’ of South-East Asia is centred around the meeting point of the borders that separate Laos, Myanmar, and Thailand.

Enrich Your Learning:

‘Golden Triangle’ of South-East Asia

  • The Golden Triangle is an area covering 367,000 square miles in Southeast Asia where a significant portion of the world’s opium has been produced.
  • The Golden Triangle’s mountainous terrain and distance from major urban centres make it an ideal location for illicit poppy cultivation and transnational opium smuggling.
  • The Golden Triangle was the world’s largest producer of opium and heroin till the end of 20th
  • In the late 1990s, drug-control programs headed by the United Nations and by individual governments contributed to a reduction in opium poppy cultivation in the Golden Triangle.
  • However, the region subsequently became a major producer of other illicit substances, including methamphetamines.Golden-Triangle’-iastoppers

 

 

The Press Council of India is chaired by whom?

Click to View the Answer
Click to View the Question

Solution:

The Press Council is headed by a Chairman, a retired judge of the Supreme Court of India.

Enrich Your Learning:

Press Council of India

  • The Press Council of India was first set up in the year 1966 by the Parliament on the recommendations of the First Press Commission with the object of preserving the freedom of the press and of maintaining and improving the standards of press in India.
  • It is an autonomous, statutory, quasi-judicial body, functioning as a watchdog of the press, for the press and by the press.
  • The present Council functions under the Press Council Act, 1978.
  • It adjudicates the complaints against and by the press for violation of ethics and for violation of the freedom of the press respectively.
  • The Press Council is headed by a Chairman, a retired judge of the Supreme Court of India.
  • The Council consists of 28 other members of whom 20 represent the press and are nominated by the press organisations/news agencies recognised and notified by the Council as all India bodies of categories.
  • Five members are nominated from the two Houses of Parliament and three represent cultural, literary and legal fields.
  • The members serve on the Council for a term of three years. A retiring member shall be eligible for re-nomination for not more than one term.
  • The Council is funded by the revenue collected by it as fee levied on the registered newspapers in the country. No fee is levied on newspapers with circulation less than 5000 copies.

 

 

What do you understand by the term ‘Biosimilars’?

Click to View the Answer
Click to View the Question

Solution:

Biosimilars

  • A biosimilar is a biological product that is highly similar to and has no clinically meaningful differences from an existing FDA-approved reference product in terms of safety, purity, and potency.
  • Biosimilars may have minor differences in clinically inactive components. However, a biosimilar is not considered a “generic” in the same way that a traditional drug is determined to be a generic.

Enrich Your Learning:

Biosimilars vs. Generics

Biosimilars--iastoppers

  • Both biosimilars and generic drugs have the same commercial basis, meaning they are marketed when the patent of the original drug they come from has expired.
  • But in the form of their structure, development and authorisation, they are two completely different products.
  • Generic drugs are simple molecules that are easy to characterise and have a small, well-defined structure where, biosimilars are very complex molecules with many post-translational modifications.
  • Generic drugs are stable molecules and they are easy to store while biosimilars are very sensitive to storage and handling conditions.
  • Generic drugs have virtually no immunogenic potential, which means they cannot generate an immune response, while biosimilars, just like biological reference drugs, could be
  • Once on the market, generic drugs require a standard pharmacovigilance process. However, for biosimilars, phase IV studies need to be conducted in order to test their safety, and a risk management plan created.biologic-iastoppers

 

 

 

What is the minimum limit set for Advisory Board for Banking Frauds to examine the fraud case?

Click to View the Answer
Click to View the Question

Solution:

Advisory Board for Banking Frauds would examine bank fraud over Rs 50 crore and recommend action.

Enrich Your Learning:

Advisory Board for Banking Frauds (ABBF)

  • Advisory Board for Banking Frauds is constituted by Central Vigilance Commission (CVC) to examine bank fraud over Rs 50 crore and recommend action.
  • It was previously known as the Advisory Board on Bank, Commercial and Financial Frauds.
  • ABBF would function as the first level of examination of all large fraud cases before recommendations or references are made to the investigative agencies by the respective public sector banks (PSBs).
  • It is a four-member board’s jurisdiction. The tenure of the Chairman and members of ABBF would be for a period of two years.
  • Headquartered of the board is in Delhi. The Reserve Bank of India will provide required secretarial services, logistic and analytical support along with the necessary funding to the board.
  • Apart from the all large fraud cases, CBI may also refer any case or matter to the board where it has any issue or difficulty or in technical matters with the PSB concerned.
Topics
Daily Current Flash Cards 2020 Prelims 2020
Tags

Facebook

My Favourite Articles

  • Your favorites will be here.

Calendar Archive

November 2019
M T W T F S S
« Oct    
 123
45678910
11121314151617
18192021222324
252627282930