MASTER THE CURRENT AFFAIRS – DAY 147

Q.1) India recently exported GI certified Banganapalli and Suvarnarekha to South Korea. They are the varieties of which of the following:

a) Litchi
b) Apple
c) Guava
d) Mango

Answer : D
GI tag for Banganapalli and Suvarnarekha mango varieties is held by Andhra Pradesh. Recently, 2.5 tonnes of mangoes from Chittoor and Krishna districts of the state have been exported to South Korea.
Bangapalli mango is cultivated widely in South India, especially in Andhra Pradesh, where it is the chief commercial early season variety of mango. The mango fruits are large in size. They weigh an average of 350-400 grams. The fruit has fibreless pulp, is firm and yellow with sweet taste.
Suvarnarekha mango is indigenous to Andhra Pradesh. This is a regular and heavy bearing variety, maturing early. Mango fruits are medium in size. They become light cadmium in colour when ripe and exhibit a red blush.

Q.2) Consider the following statements regarding Kalakshetra, seen recently in news:

1. It is an academy dedicated for the preservation of traditional values especially in the field of Bharatnatyam dance.
2. It has been recognized as an Institute of National Importance by an act of Parliament.
Which of the following statements is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Answer : C
Kalakshetra Foundation is an art and cultural academy dedicated to the preservation of traditional values in Indian art and crafts, especially in the field of Bharatnatyam dance and Gandharvaveda music.
Based in Chennai the academy was founded in January 1936 by Rukmini Devi Arundale and Her husband George Arundale.
Under Arundale’s guidance, the institution achieved national and international recognition for its unique style and perfectionism.
In January 1994, by an act of the Parliament of India, Kalkshetra was recognized as the Institute of National importance.

Q.3) Which of the following organizations recently recommended networking of telescopes in member countries and creating a regional data network?

a) International Astronomical Union
b) BRICS
c) European Union
d) G-7

Answer : B
BRICS Astronomy Working Group is a platform for BRICS member countries to collaborate in the field of astronomy. It recommends member countries to present scientific results of the work carried out by them. This will help in seeking funding support which is offered by the BRICS funding agencies.
It recently recommended that the focal point in each country should present the scientific results of the work being carried out in each country.
At the meeting the members indicated future directions of research in the area such as building network of intelligent telescope and data network, study of transient astronomical phenomena in universe, big data, artificial intelligence, machine learning application to process the voluminous data generated now a days due to enhance multi-wavelength telescope observatories.

Q.4) Consider the following statements regarding Competition Commission of India:

1. It ensures freedom of trade in Indian markets
2. It is a statutory body
Which of the above statements is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. None of the above

Answer: C
Correct
Statement 1 is correct: It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.
Statement 2 is correct: Competition Commission of India has been established by the Central Government under the Competition Act 2002 (act was amended in 2007)
Incorrect
Statement 1 is correct: It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.
Statement 2 is correct: Competition Commission of India has been established by the Central Government under the Competition Act 2002 (act was amended in 2007)

Q.5) Which one of the following statements is incorrect?

a) FDI limit in the Insurance Sector has increased to 74% from 49%.
b) In Print Media, FDI is prohibited in India
c) 100 per cent FDI is permitted in the defence sector.
d) In Coal Mining 100 percent FDI is permitted under automatic route.

Answer: B
Option b is incorrect. 26% FDI is permitted in print media under government route.
The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Read more
In Coal Mining 100% FDI is permitted under automatic route.
In defence sector 100 per cent FDI is permitted. Centre allowed up to 74% FDI in defence sector under automatic route and above that under government route.

Incorrect
Option b is incorrect. 26% FDI is permitted in print media under government route.
The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Read more
In Coal Mining 100% FDI is permitted under automatic route.
In defence sector 100 per cent FDI is permitted. Centre allowed up to 74% FDI in defence sector under automatic route and above that under government route.

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share article

Latest articles

Newsletter

Subscribe to stay updated.