MASTER THE CURRENT AFFAIRS – DAY 148

Q.1) Consider the following statements regarding Convention on Biological Diversity (CBD):

1.It calls to prohibit the utilization of genetic resources for our own benefit.
2.It is a legally binding treaty
Which of the above statements is/are correct?

a) Only 1
b) Only 2
c) Both 1 and 2
d) None of the above

Answer: B
Statement 1 is incorrect: The Convention was signed at the 1992 Rio Earth Summit. It is a legally binding treaty dedicated to promoting sustainable development.
Objectives:
conservation of biological diversity,
sustainable use of the components of biological diversity
fair and equitable sharing of the benefits arising out of the utilization of genetic resources.
Statement 2 is correct: It is a legally binding treaty.

Q.2) Consider the following statements regarding Provision Coverage Ratio, seen recently in news?

1. It is the ratio of provisioning to gross non-performing assets.
2. Higher Provision Coverage Ratio means the bank is protecting itself better against its bad loans.
Which of the above statements is/are correct?

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

Answer: C
The Provision Coverage Ratio is a measure of the funds set aside by banks to cover bad loans. A higher provision coverage ratio means the bank is protecting itself better against its bad loans.

A decline in the ratio means that provisions have not been made to the extent of the rise in bad loans.
In a recent report by RBI the Provision Coverage Ratio (PCR) of banks improved from 66.6% in March 2020 to 75.5% by December 2020, Because of prudent provisioning by banks above regulatory prescriptions on accounts availing moratorium and undergoing restructuring.

Q.3) With respect to D-voters, consider the following statements:

1. A D-voter is a category of voters in Northeastern states disenfranchised by the government allegedly for lacking proper citizenship credentials.
2. D-Voters are clearly defined in the Citizenship Act, 1955 and the Citizenship Rules, 2003.
3. The D voters are determined by the special tribunals under the Foreigners Act and are not allowed to cast their votes.
Which of the statement(s) given above is/are correct?

a. 3 only
b. 1 and 2 only
c. 1 and 3 only
d. 2 and 3 only

Answer: A
The last D-voter detainee at the Foreigners’ Detention Centre in Assam’s Silchar Central Jail was recently released after being granted bail by the high court, leaving about 170 more similarly marked people to be released from the other five.
D-Voter
A D-voter is a category of voters in Assam disenfranchised by the government allegedly for lacking proper citizenship credentials.
They have not been defined in the Citizenship Act, 1955 or the Citizenship Rules of 2003.
In 1997, during intensive revision of electoral rolls, the Election Commission had ordered that the letter ‘D’ be written against names of those voters who failed to provide proof of their citizenship.
The D voters are determined by the special tribunals under the Foreigners Act.
Cases of all those were referred to the foreigners’ tribunals (FT) and they have to prove their citizenship in the tribunal.
If they fail to prove their citizenship, the FT designates them Declared Foreigners (DF) and they are sent to Detention Camps.
The ‘D’ voters are not allowed to cast their votes.

Q.4) Bantustan seen in news is related to:

a) Syrian refugee crisis
b) Israel-Palestine conflict
c) Apartheid policy
d) Yemeni civil war

Answer : C
A Bantustan was a territory that the National Party administration of South Africa set aside for black inhabitants of South Africa and South West Africa, as part of its policy of apartheid

Q.5) 17+1 initiative seen in news is a:

a) Vaccine research and development alliance by WHO
b) China-led forum including Central European countries
c) A multilateral process led by Arctic nations
d) Space exploration mission led by NASA

Answer : B
The 17+1 cooperation forum is a China-led initiative founded in the year 2012.
Aim: To expand cooperation between China and the Central and Eastern European (CEE) member countries. This is done through investments and trade for the development of the CEE region.
The initiative also focuses on infrastructure projects such as bridges, motorways, railway lines and the modernisation of ports in the member states.
Significance: The initiative is largely seen as an extension of China’s flagship Belt and Road initiative (BRI).

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