1. Consider the following statements:
1. The GI tag recently unveiled by Government is “Incredible India’s Treasures”
2. Karnataka is the state with the highest number of GI products.
Which of the above statements is/are correct:
A. 1 Only
B. 2 Only
C. Both 1 and 2
D. None
Answer - Option B
Explanation - India has unveiled a tagline and a tricolour logo for geographical indication (GI) certified products. From now on, the GI-registered goods will sport the logo and the tagline to make them more attractive.
Tagline: “Invaluable Treasures of Incredible India”.
A total of 320 products have been conferred the GI status in India so far.
Karnataka comes first with 38 GI products, followed by Maharashtra which has 32 products.
2. Consider the following statements
1. Oxytocin hormone plays an important role in reproduction, child birth and lactation.
2. Oxytocin is used to increase the size of vegetables such as pumpkins.
3. Recently, Ministry of Health and Family Welfare banned the import of Oxytocin and its formulations.
Which of the statements given above is/are correct?
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
Answer - Option D
Explanation - The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only.
Coupled with this, it has also banned the import of Oxytocin and its formulations.
Only Karnataka Antibiotics & Pharmaceuticals Ltd. (KAPL), a public sector company, will manufacture this drug for domestic use.
It will supply the drug to registered hospitals and clinics in public and private sector directly.
The drug is widely misused in the dairy industry. Oxytocin is also used to increase the size of vegetables such as pumpkins, watermelons, eggplants, gourds, and cucumbers.
Learning: Oxytocin has also been dubbed the hug hormone, cuddle chemical, moral molecule, and the bliss hormone due to its effects on behaviour, including its role in love and in female reproductive biological functions in reproduction
3. Consider the following statements with reference to the International North-South Transport Corridor:
1. India, Iran, Azerbaijan and Russia are its founder members.
2. The corridor connects the Indian Ocean and Persian Gulf to the Caspian Sea via Iran, then connects Northern Europe via Russia.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. None
Answer - Option B
Explanation - International North-South Transport Corridor (INSTC), is a multimodal transportation established in 2000 by Iran, Russia and India (Founding Members) for the purpose of promoting transportation cooperation among the Member States.
This corridor connects India Ocean and Persian Gulf to the Caspian Sea via Islamic republic of Iran, then is connected to St. Petersburg and North European via Russian Federation.
The INSTC has been expanded to include eleven new members, namely:
Republic of Azerbaijan, Republic of Armenia, Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Republic of Turkey, Republic of Ukraine, Republic of Belarus, Oman, Syria, Bulgaria (Observer).
4. With the reference to “Indian Ocean Rim Association” (IORA), consider the following statements.
1. The IORA is a regional forum, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
2. Singapore is the latest member to join IORA
3. 2017 Indian-Ocean Rim Association (IORA) Summit was the first IORA Summit.
Select the correct answer using the code given below
A. 1 only
B. 1 and 3 only
C. 1 and 2 only
D. 2 and 3 only
Answer - Option B
Explanation - The Indian Ocean Rim Association (IORA), formerly known as the Indian Ocean Rim Initiative and Indian Ocean Rim Association for Regional Cooperation (IORARC), is an international organization consisting of coastal states bordering the Indian Ocean.
The IORA is a regional forum, tripartite in nature, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
It is based on the principles of Open Regionalism for strengthening Economic Cooperation particularly on Trade Facilitation and Investment, Promotion as well as Social Development of the region.
The Indian Ocean Rim Association (IORA) is an international organization with 21 Member countries. Maldives has now become the latest member of Indian Ocean Rim Association (IORA). 2017 Indian-Ocean Rim Association (IORA) Summit was the first IORA Summit.
5. Consider the following statements about PM Gram Sadak Yojana:
1. It aims to boost rural connectivity in hitherto unconnected rural habitations.
2. The population criteria is followed to identify the Habitations that are to be provided road connectivity.
3. Scheme is implemented by Ministry of Rural Development.
Which of the above statements is/are correct:
A. 1 and 2 Only
B. 2 and 3 Only
C. 1 and 3 Only
D. All are Correct
Answer - Option D
Explanation - The scheme, launched in 2000, aims to provide single all-weather road connectivity to all eligible unconnected habitations in rural areas with population of 500 persons and above (in plain areas) and 250 persons and above (in hilly states, desert areas, tribal areas and selected tribal and backward districts).
Union Ministry of Rural Development is nodal ministry for implementation of Scheme.
6. Recently SAARC AGRI Cooperative Business Forum was held in which capital:
A. New Delhi
B. Dhaka
C. Kathmandu
D. Islamabad
Answer - Option C
Explanation - The first South Asian Association for Regional Cooperation (SAARC) Agri Cooperative Business Forum was held recently in Kathmandu, Nepal.
Theme: ‘Organizing and Strengthening Family Farmers’ Cooperatives to attain the Sustainable-Development-Goals-1 and 2 in South Asia’.
About SAARC Agri Cooperative Business Forum:
Organized by Food and Agriculture Organization (FAO) of United Nations and Asian Farmers’ Association with the support from International Fund for Agricultural Development.
Aim: To provide platform to bring together representatives both from government and non-governmental entities from member states of SAARC as well as from regional and international organizations.
7. Consider the following statements regarding Small Farmers’ Agri-Business Consortium (SFAC) in India.
1. SFAC is constituted as a society to facilitate agri-business ventures by catalyzing private investment.
2. SFAC implements National Agriculture Market (e-NAM) Electronic Trading platform.
Which of the statements given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer - Option C
Explanation -Small Farmers’ Agri-Business Consortium (SFAC) as a Society in 1994 to facilitate agri-business ventures by catalyzing private investment through Venture Capital Assistance (VCA) Scheme in close association with financial institutions.
The main functions of SFAC are:
(i) Promotion of development of small agribusiness through VCA scheme;
(ii) Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs);
(iii) Improving availability of working capital and development of business activities of FPOs/FPCs through Equity Grant and Credit Guarantee Fund Scheme;
(iv) Implementation of National Agriculture Market (e-NAM) Electronic Trading platform.
8. With reference to ‘National Policy on Biofuels-2018’ which was recently approved by the cabinet, consider the following statements:
1. With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding scheme for 2G ethanol Bio refineries in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.
2. The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops.
Which of the statement(s) given above is/are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer - Option C
Explanation - National Policy on Biofuels – 2018. Salient Features:
i. The Policy categorises biofuels as "Basic Biofuels" viz. First Generation (1G) bioethanol & biodiesel and "Advanced Biofuels" - Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to dropin fuels, Third generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.
ii. The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
iii. Farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Taking this into account, the Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.
iv. With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.
9. Consider the following statements about Participatory Notes:
1. The holder of these notes must be necessarily registered as FII in India.
2. The Notes are infamous for their role in Money Laundering in India.
Which of the above statements is/are correct:
A. 1 Only
B. 2 Only
C. Both 1 and 2
D. None
Answer - Option B
Explanation - These are used by overseas market participants that don’t want to get registered as FIIs. P-notes are not issued in India, rather these are issued by an India registered FII to other overseas investors.
The FII will be the entity to initiate a transaction in our stock markets, which could be on behalf of foreign clients.
P-notes are then issued by the FII to the client, underlining that the securities are held on behalf of the client albeit in the name of the FII.
The P-note holder is entitled to all the dividends, capital gains and other payouts on the underlying securities.
FIIs have to periodically report to SEBI on P-note issuance without the need to name the final beneficiary.
The primary reason why P-Notes are worrying is because of the anonymous nature of the instrument as these investors could be beyond the reach of Indian regulators.
Further, there is a view that it is being used in money laundering with wealthy Indians, like the promoters of companies, using it to bring back unaccounted funds and to manipulate their stock prices.
10. Consider the following statements about Zero Budget Natural Farming:
1. It is a method of farming where the cost of growing and harvesting plants is zero.
2. The practice involves zero usage of Chemical Fertilisers and Pesticides.
Which of the above statements is/are Correct:
A.1 Only
B. 2 Only
C. Both 1 and 2
D. None
Answer - Option C