12 September 2022: Daily Current Affairs & GK for HAS/HPAS & Allied Services
Ques:1 Consider the following statements, with respect to Indo-Pacific Economic Framework (IPEF)
- It is an initiative of United States (US).
- It is based on four pillars: Trade; supply chains; clean energy and tax
- India is not part of its trade pillar.
Select the correct answer using the code given below.
Statement 1 and statement 2 are correct:
- Indo-Pacific Economic Framework (IPEF) was launched by United States (US) President Biden in Tokyo on May 23, 2022.
- The IPEF has four pillars: Trade; supply chains; clean energy, decarbonisation and infrastructure; tax and anti-corruption.
- Except Cambodia, Laos and Myanmar, other Southeast Asian nations are a part of the IPEF. I
Statement 3 is correct: Recently, India stayed out of the joint declaration on the trade pillar of the U.S.-led Indo-Pacific Economic Framework ministerial meet in Los Angeles.
Source : https://indianexpress.com/article/explained/explained-economics/us-ipef-india-accepts-three-pillars-stopped-short-total-agreement-8142554/
Ques:2 Among the following, which one of the following is the largest exporter of rice in the world in the last five years?
- India has been the world’s top rice exporter since the beginning of this decade.
- India accounts 40% share of the world’s total rice exports, with its 21 mt-plus shipments last year way ahead of Thailand’s (7.2 mt), Vietnam’s (6.6 mt) and Pakistan’s (4.8 mt).
- Source : https://indianexpress.com/article/explained/explained-economics/rice-exports-government-curbs-impact-explained-8144177/
Ques:3 Which of the following are the multilateral and bilateral defence exercises between India-Japan?
1. Dharma Guardian
2. JIMEX
3. Malabar
4. Shinyuu Maitri
Select the correct answer using the code given below.
Solution : (D)
- The following are the bilateral and multilateral exercises between India-Japan including “Dharma Guardian” (ground forces), “JIMEX” and “Malabar” (navies), and Shinyuu Maitri (Air forces)
- Source : https://indianexpress.com/article/opinion/columns/tokyo-delhi-indo-japan-ministerial-dialogue-points-to-deepening-of-strategic-and-defence-partnership-8145230/
Ques:4 Consider the following actions that the Government can take:
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.
Which of the above action/ actions can help in reducing the current account deficit?
- Statement 1 is correct: Current account deficit is excess of imports over exports, after devaluation of domestic currency, domestic goods would become cheaper which will create additional demand for countries' products in the world market which may increase the exports and decrease the current account deficit.
- Statement 2 is not correct: As Reduction in the export subsidy will discourage the export.
- Statement 3 is correct: Rising capital inflow through FDI and FII may appreciate domestic currency and worsen a country’s current account by increasing more imports and reducing exports. FDI and FII represent non debt liabilities
- Source : https://indianexpress.com/article/idea-exchange/d-subbarao-former-rbi-governor-at-idea-exchange-rbi-should-intervene-only-to-curb-volatility-let-rupee-depreciate-8145326/
Ques:5 Consider the following statements regarding the Serious Fraud Investigation Office (SFIO)
1. It is a multi-disciplinary organization under the Ministry of Finance.
2. It has the power to investigate financial fraud in a company on the grounds of public interest
3. It is headed by the Deputy Governor of RBI.
Select the correct answer using the code given below.
- Statement 1 is not correct: It is a multi-disciplinary organization under Ministry of Corporate Affairs,
- Statement 2 is correct: It investigate into the affairs of a company where Government is of the opinion that it is necessary to investigate into the affairs of a company –
- on receipt of a report of the Registrar or inspector under section 208 of the Companies Act, 2013
- on intimation of a special resolution passed by a company that its affairs are required to be investigated
- In the public interest; or on request from any department of the Central Government or a State Government
- Statement 3 is not correct: SFIO is headed by a Director as Head of Department in the rank of Joint Secretary to the Government of India.
- Source : https://sfio.gov.in/en/about-sfio-history/
- https://indianexpress.com/article/business/sfio-arrests-mastermind-who-set-up-shell-companies-linked-to-china-8145369/
Ques:6. Which of the following statement(s) is/are correct regarding ChAd36-SARS-CoV-S nasal vaccine developed by Bharat Biotech?
- It is a recombinant vaccine.
- Nasal vaccines usually have better compliance, lower cost and quicker administration than intramuscular vaccines.
Select the correct option using the code given below:
- Central Drugs Standard Control Organisation (CDSCO) has approved Bharat Biotech’s nasal vaccine for primary immunisation against COVID-19 in the 18-plus age group for restricted use in an emergency situation.
- It is hoped that Bharat Biotech’s ChAd36-SARS-CoV-S recombinant vaccine, to be administered nasally and developed in association with the University of Washington, will prove a powerful tool in the battle against the virus by preventing infections, something the other vaccines have not been able to do. Currently most COVID vaccines approved for public Immunization are Intramuscular shots/ jabs.
- Advantages of a nasal vaccine: better compliance and lower costs. Quick Immunization of a larger target group. It can be an option for children too, for whom it has not been authorised for use yet.
- Source: https://www.thehindu.com/sci-tech/health/explained-how-does-a-covid-19-nasal-vaccine-work/article65874643.ece
Ques:7. In the context of defense, which of the following statement(s) is/are correct regarding Taragiri?
- It is a nuclear submarine being built in India under Project 75 Alpha.
- It is built at Mazagon Dock Shipbuilders Ltd. (MDL) in Mumbai.
Select the correct option using the code given below:
- ‘Taragiri’, the third stealth frigate of project 17A was launched on Sunday by Mazagon Dock Shipbuilders Ltd. (MDL) in Mumbai.
- This ship has been built using an integrated construction methodology which involves hull block construction in different geographical locations and integration/erection on Slipway at MDL.
- Project 17A or Project 17 Alpha is an advanced Frigates development project. In Project 17A ships are being constructed by two major shipbuilding companies, The Garden Reach Shipbuilders and Engineers (GRSE) and The Mazagon Dock Shipbuilders (MDL), responsible for constructing seven warships and frigates for the Indian Navy.
- Source: https://www.thehindu.com/news/national/indian-navy-launches-stealth-frigate-taragiri/article65878683.ece
Ques:8. Which of the following statement(s) is/are correct regarding ‘Pradhan Mantri TB Mukt Bharat Abhiyaan’?
- It seeks to eliminate TB from India by 2030.
- One of its components include Ni-kshay Mitra- an initiative to ensure additional diagnostic, nutritional, and vocational support to those on TB treatment.
Select the correct option using the code given below:
‘Pradhan Mantri TB Mukt Bharat Abhiyaan’ seeks to eliminate TB by 2025
Key initiatives/ components :
- Ni-Kshay Mitra: those who can support by adopting health facilities (for individual donor), blocks/urban wards/districts/states for accelerating response against TB to complement government efforts.
- Ni-kshay 2.0 portal will facilitate in providing additional patient support to improve treatment outcome of TB patients. It will augment community involvement in meeting India’s commitment to end TB by 2025 and leveraging Corporate Social Responsibility (CSR) opportunities.
- Ni-kshay Poshan Yojana (NPY) helped meet the nutritional requirements of TB patients, especially the underserved.
