Flash Card

LAKSHYA-75 [Day-31] Current Flash Cards for IAS Prelims 2020

Army Day; Scheme for Promotion of Academic and Research Collaboration (SPARC); Open market operations; National Green Corps ‘Ecoclub’; ‘Kalapani’; Hong Kong International Convention; One Planet One City Challenge; e-Visa; Extraocular vision; National Strategy for Financial Inclusion;
By IASToppers
April 08, 2020

NFSI was recently released by the NITI Aayog in consultation with Ministry of Finance for the period 2019-2024. True OR False?

Click to View the Answer
Click to View the Question

 

Answer:

False.

  • The Reserve Bank of Indiahas released the National Strategy for Financial Inclusion (NSFI) for the period 2019-2024.

Enrich Your Learning:

National Strategy for Financial Inclusion:

  • The Reserve Bank of Indiaunder the aegis of Financial Inclusion Advisory Committee (FIAC) has released the National Strategy for Financial Inclusion (NSFI) for the period 2019-2024.
  • NSFI has been finalised and approved by the Financial Stability Development Council (FSDC).

Vision:

  • The NSFI sets forth the vision and key objectives of the Financial Inclusion policies in Indiato expand the reach and sustain the efforts through a broad convergence of action involving all the stakeholders in the financial sector.

Target:

  • To strengthen the ecosystem for various modes of digital financial services in all Tier-II to Tier VI centres to create the necessary infrastructure to move towards a less-cash society by March 2022.
  • Every adult had access to a financial service provider through a mobile device by March 2024.
  • Every willing and eligible adult, who has been enrolled under Prime Minister Jan Dhan Yojana, is to be enrolled under an insurance scheme and a pension scheme by March 2020.
  • Increasing outreach of banking outlets to provide banking access to every villagewithin a 5-km radius or a hamlet of 500 households in hilly areas by March 2020.
  • To make the Public Credit Registry(PCR) fully operational by March 2022 so that authorized financial entities could use the same for assessing credit proposals from all citizens.

Financial Inclusion:

  • Financial inclusion may be defined as the process of ensuring access to financial servicesand timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups.
  • It refers to universal access to a wide range of financial services to all at a reasonable cost.

Significance:

  • Seven of the United Nations Sustainable Development Goals(SDG) of 2030 view financial inclusion as a key enabler for achieving sustainable development worldwide.
  • To achieve the above objectives in a coordinated and time-bound manner, preparation of a National Strategy for Financial Inclusion (NSFI) is essential.

Extraocular vision is the ability of night vision in certain land and marine species. Right OR Wrong?

Click to View the Answer
Click to View the Question

 

Answer:

Wrong.

  • Extra ocular vision is the ability to see without eyeswhich has been found in some marine species.

Enrich Your Learning:

Extraocular vision:

  • Researchers have found that a species of brittle stars, which are relatives of starfish can see, even though it does not have eyes.
  • The red brittle star(Ophiocoma wendtii), which lives in the coral reefs of the Caribbean Sea, becomes only the second creature, after a sea urchin species, known to have this ability.

What facilitates vision?

  • In sea urchins and brittle stars, researchers suspect that extra ocular vision is facilitated by the photoreceptor cells found on their bodies.
  • Another peculiar feature of the red brittle star is its signature colour change. While the creature is deep red during the day, it changes its colour to beige at night.
  • The researchers think that there may be a link between their extra ocular vision and colour changing abilities since the responses they saw in the creatures tested during the day, disappeared in those that were tested at night.

Can an applicant holding an e-Visa enter India through the land route?

Click to View the Answer
Click to View the Question

 

Answer:

  • e-Visa is only valid while flying into designated airports or seaports.

Enrich Your Learning:

What is e-Visa?

  • A visa is a form of permission for a non-citizen to travel, enter, transit or remain in a particular country.
  • An e-Visa is an electronic form of a visa. The applicant need not submit a passport or other personal documents for obtaining e-Visa.
  • There are five categories of e-Visa which are e-tourist, e-Business, e-Medical visa, e-Conference and e-Medical Attendant.
  • Citizens of 161 countries are eligible to apply for the e-Visa. Citizens of China are eligible for e-Visa but citizens of Pakistan are not.
  • In India, e-Visa is only valid while flying into designated airports or seaports.

One Planet One City Challenge is an initiative of: (a) World Bank OR (b) World Wildlife Fund?

Click to View the Answer
Click to View the Question

 

Answer:

  • One Planet One City Challenge is an initiative of the World Wildlife Fund.

Enrich Your Learning:

What is One Planet One City Challenge?

  • The challenge was earlier known as Earth Hour City Challenge.It is an initiative of the World Wildlife Fund. ICLEI – Local Governments for Sustainability is also involved.
  • It invites cities from the participating countries to report innovative climate actionsand to demonstrate how they are delivering on the 2015 Paris Agreement on climate change
  • The focus areas are energy, transport, housing, waste and mobility solutions.
  • Data is entered on the carbon Climate Registry.
  • The One Planet City Challenge is a biennial global challenge.
  • Rajkot emerged as the national winner for the year 2018.
  • The Swedish City of Uppsalawas named global winner of WWF’s 2018 One Planet City Challenge

The Hong Kong International Convention, as recently seen in news, is related to which domain?

Click to View the Answer
Click to View the Question

 

Answer:

  • India has acceded to “Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009” in November 2019

Enrich Your Learning:

What is the Hong Kong International Convention?

  • The ‘Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships’ was adopted by the International Maritime Organization (IMO) in 2009.
  • It has not entered into force yet.It will enter into force24 months after the date on which 15 States, representing 40 per cent of world merchant shipping by gross tonnage, have either signed or ratified it.
  • It is aimed at ensuring that ships when being recycled after reaching the end of their operational lives, do not pose any unnecessary risk to human health and safety or to the environment.

Key Features of the Recycling of Ships Act, 2019:

  • The main intent is the regulation of recycling of ships by setting certain international standards and laying down the statutory mechanism for enforcement of such standards.
  • Prohibits hazardous material
    • Restricts and prohibits the use or installation of hazardous material, which applies irrespective of whether a ship is meant for recycling or not.
    • For new ships, such restriction or prohibitionon the use of hazardous material will be immediate, while existing ships shall have a period of five years for compliance. Restriction or prohibition on the use of hazardous material would not be applied to warships and non-commercial ships operated by Government.
    • The Act imposes a statutory duty on ship recyclersto ensure environmentally sound removal of hazardous wastes from ships.
  • Recycling facilities
    • Ship recycling facilities are required to be authorized and shipsshall be recycled only in such authorized ship recycling facilities.
  • Ship-specific recycling plan
    • Ships shall be recycled in accordance with a ship-specific recycling plan. Ships to be recycled in India shall be required to obtain a Ready for Recycling Certificate in accordance with the Hong Kong International Convention (HKC).
  • Other Provisions are:
    • Emergency preparedness and response.
    • Every Ship Recycler shall provide adequate measures for safety, health, training and welfare of workers in his ship recycling facility and for this purpose, the provisions of the Factories Act, 1948 shall apply.
  • The Act imposes a statutory duty on ship recyclers to ensure safe and environmentally sound removal and management of hazardous wastes from ships.Appropriate penal provisions have been introduced in the Act to deter any violation of statutory provisions.

Additional Facts:

  • Alang in Gujaratis home to the world’s largest stretch of ship-breaking beaches.
  • India follows the beaching methodfor dismantling ships which are often subjected to criticism for its lax safety and health aspects. Under the beaching method, ships are first grounded and then dismantled.

Why in News?

  • India has acceded to “Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009” in November 2019.
  • India has become the first major ship recycling nation to ratify a global rule.

Kalapani is a tri-junction meeting point of which countries?

Click to View the Answer
Click to View the Question

 

Answer:

  • Kalapani is a tri-junctionmeeting point of India, Tibet and Nepal borders in Central Himalayas.

Enrich Your Learning:

Where is ‘Kalapani’ located?

  • The region has been manned by the Indo-Tibetan Border Policesince 1962.
  • It is marked by the Kalapani river, one of the headwaters of the Kali River in the Himalayas.
  • The valley of Kalapani, with the Lipulekh passatop, forms the Indian route to Kailash- Mansarovar pilgrimage site.
  • It is also the traditional trading route to Tibet for the Bhotiyas of Uttarakhand.

History of the Issue:

  • In 1816, the East India Company and Nepal signed the Treaty of Sugauli (or Sagauli)to mark out Nepal’s western border. The defeat of Gurkhas in the Anglo-Gurkha War (1814-16) led to the Treaty of Sugauli.
  • The treaty defined river Mahakali as the western border of Nepal. River Mahakali has several tributaries, all of which merge at Kalapani.
  • India claims that the river begins in Kalapanias this is where all its tributaries merge. But Nepal claims that it begins from Lipulekh Pass, the origin of most of its tributaries.
  • Lipulekh Pass has been made a trading tri-junction route between Nepal, India and China since 2015. The Indian side claims that the Lipulekh pass has been referred to as a border trading point since 1954.
  • According to Nepal, the Kalapani area was included in the Census of Nepal until 58 years ago. However, a map of 1879 shows ‘Kalapani’ as part of British India.
  • In 2015, Nepal objected to the agreement between India and China to trade through. After the Indian prime minister’s visit to China in 2015, India and China agreed to open a trading post in Lipulekh, raising objections from Nepal.

Why in News?

  • Recently, the Ministry of External Affairs said that India and Nepal will resolve the Kalapani border issue through dialogue.
  • In the latest map, India included Kalapani into the Pithoragarh district of Uttarakhand. Nepal government says that Kalapani is an integral part of the country.

Who constitutes the National Green Corps (NGC)?

Click to View the Answer
Click to View the Question

 

Answer: A

NGC is a cadre of young children working towards environmental conservation and sustainable development.

Enrich Your Learning:

Why in news?

The Ministry of Environment, Forest and Climate Change (MoEFCC) organized an annual meeting of state nodal agencies implementing the Ecoclub programme for the first time in collaboration with GEER foundation, Gujarat.

National Green Corps ‘Ecoclub’:

  • With a view of creating environmental awareness among children, National Green Corps (NGC) was formulated by Ministry of Environment, Forest and Climate Change (MoEFCC) in 2001-02.
  • NGC Programme aims at building cadres of young children working towards environmental conservation and sustainable development.
  • It is operated through Eco-clubs set up in schools registered as members of NGC, this programme exposes school children to in-depth field experiences, and provides opportunities to convert their ideas into creative action.
  • There has been a network of more than 1,00,000 Eco clubs across the country in 16 years, making it one of the largest conservation networks.
  • The unique partnership between the MoEFCC, the states Government agencies along with the dedicated NGOs, working in the field of Environmental Education has contributed to the success of the programme.

Objectives of this programme:

  • To impart knowledge to school children, through hands on experience, about their immediate environment, interactions within it and the problems therein
  • To inculcate proper attitudes towards the environment and its conservation through community interactions
  • To sensitize children to issues related to environment and development through field visits and demonstrations
  • To motivate and stimulate young minds by involving them in action projects related to environmental conservation.

What do you understand by the term ‘Open market operations (OMO)’?

Click to View the Answer
Click to View the Question

 

Answer:

Open market operations (OMO) is the sale and purchase of government securities (G-secs) and treasury bills by RBI or the central bank of the country.

Enrich Your Learning:

Open market operations

  • The objective of OMO is to regulate the money supplyin the economy.
  • When the RBI wants to increase the money supply in the economy, it purchases the government securities from the market.
  • When RBI wants to control the liquidity from the system it sells the G-secs. These operations are often conducted on a day-to-day basis in a manner that balances inflation while helping banks continue to lend.
  • RBI carries out the OMO through commercial banks and does not directly deal with the public.
  • OMO is one of the tools that RBI uses to smoothen the liquidity conditions through the year and minimise its impact on the interest rate and inflation rate levels.

Need:

  • In India, liquidity conditions usually tighten during the second half of the financial year(mid-October onwards) because the pace of government expenditure usually slows down, even as the onset of the festival season leads to a seasonal spike in currency demand.
  • The activities of foreign institutional investors, advance tax payments, etc. also decrease and weaken the flow of liquidity.
  • RBI smoothens the availability of money through the yearto make sure that liquidity conditions don’t impact the ideal level of interest rates it would like to maintain in the economy.
  • Liquidity management is essential so that banks and their borrowers don’t face a cash crunch.

Scheme for Promotion of Academic and Research Collaboration (SPARC) aims at improving the research ecosystem of India’s agricultural institutions. Right OR Wrong?

Click to View the Answer
Click to View the Question

 

Answer:

  •  

Right Statement:

  • SPARC aims at improving the research ecosystem of India’s higher educational institutions

Enrich Your Learning:

  • The Scheme for Promotion of Academic and Research Collaboration (SPARC) is a Ministry of Human Resource Development initiative.
  • SPARC aims at improving the research ecosystem of India’s higher educational institutions by facilitating academic and research collaborations between Indian and foreign institutions.
  • Scheme for Promotion of Academic and Research Collaboration (SPARC) is a scheme which will encourage research collaborations between Indian universities and some of the leading universities of the world.
  • The SPARC scheme is furthering the already launched GYAN scheme.
  • 418 crores have been allotted for this scheme.
  • Under this scheme funding would be provided under three categories – below 50 lakhs, below 75 lakhs, and below 1 crore (project funding).
  • Each team that will be granted funding under this scheme shall comprise of eight members – 2 faculty members each from the Foreign University and Indian University and 2 students each from the foreign university and Indian university.
  • The quality benchmark for SPARC is that only such Indian institutes can apply which are in top 100 NIRF ranking or top 100 NIRF subject ranking.
  • For foreign universities the benchmark is either top 500 of QS ranking or top 200 of QS subject ranking.

Army Day is celebrated every year to mark which event?

Click to View the Answer
Click to View the Question

 

Answer:

For Recognition of first Commander-in-Chief of the Indian Army.

Enrich Your Learning:

  • Army Day is celebrated on 15 Januaryevery year in India, in recognition of Field Marshal K. M. Cariappa’s (then a Lieutenant General) taking over as the first Commander-in-Chief of the Indian Army, from General Sir Francis Butcher, the last British Commander-in-Chief of India.
  • The day has been observed as Army Day to recognise it and to acknowledge the achievements and risks undertaken by Indian army personnel.

Topics
Daily Current Flash Cards 2020 Prelims 2020
Tags

IT on Facebook

Facebook Pagelike Widget

Comments

My Favourite Articles

  • Your favorites will be here.

Calendar Archive

May 2020
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031