Daily Current Affair Quiz: 25th June 2020
by
Mentors4ias
·
June 25, 2020
1. Which of the following statements are true?
1. Pradhan Mantri Van Dhan Yojana (PMVDY) is a retail marketing led value addition plan for Minor Forest Produce (MFP), meant for forest-based tribes to optimize the tribal income, locally.
2. PMVDY is an initiative of Ministry of Tribal Affairs and TRIFED.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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Under the program, MFP-based tribal groups / enterprises of around 300 members are formed for collection, value addition, packaging & marketing of Minor Forest Produces (MFPs).
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These tribal enterprises are in the form of Van Dhan SHGs which further form a group of 15-20 members and such 15 SHG groups are further federated into a larger group of Van Dhan Vikas Kendras (VDVKS) of around 300 members.
2. Star Rating of Garbage Free Cities is an initiative of?
(a) Ministry of Housing and Urban Affairs
(b) Niti Ayog
(c) Ministry of Health
(d) Ministry of Jal Shakti
Ans: a
Justification:
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The Ministry of Housing and Urban Affairs has released the Star Rating of Garbage Free Cities for the assessment year 2019-2020. A total of six cities have been certified as 5-Star (Ambikapur, Rajkot, Surat, Mysuru, Indore and Navi Mumbai), 65 cities as 3-Star and 70 cities as 1-Star
3. The Shekatkar Committee is related to
(a) Agriculture reforms
(b) Higher education
(c) Increasing connectivity to north East
(d) Armed Forces Reforms
Ans: d
Justification:
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The Shekatkar Committee was set up by former defence minister Manohar Parrikar to give recommendations on reforming the armed forces.
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It submitted its report in December 2016. It gave a total of 99 recommendations.
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Details of the report and its recommendations have not been placed in the public domain as it “covers operational aspects of the armed forces, disclosure of which is not in the interest of national security.
4. Which of the following statement/s is/are true?
1. Tea plant can grow from tropical climates to subtropical climates.
2. Tea needs heavy rainfall in the form of frequent showers, without extended freezing periods in the winter.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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The first international tea day was recently celebrated on 21st May, based on a proposal moved by India at the Food and Agriculture Organization Inter-Governmental Group (IGG) on Tea.
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Climate is a critical factor in determining both where the tea plant can be grown and the quality of tea grown in a particular area. However, the tea plant is adaptable and can be grown in a wide range of climatic conditions. It can thus grow from tropical climates to subtropical climates.
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It requires cool to warm temperatures with at least 5 hours of sunlight per day. The mean annual temperature during the growing season is between 18 and 21 Degree Celsius.
5. Which of the following statements are true
1. The SARFAESI Act allows banks and financial institutions to auction residential properties of a defaulter to recover loans.
2. The first asset reconstruction company (ARC) of India was set up under SARFAESI act.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans: c
Justification:
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In a landmark judgment, a Supreme Court five-judge Constitution Bench ruled that cooperative banks can use the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act for recovery of debts from its defaulters and can seize and sell their assets to recover dues.
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The SARFAESI Act, 2002 empowers banks/financial Institutions to recover their non-performing assets without the intervention of any court/tribunal and also ensures speedy recovery.
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The Act provides three alternative methods for recovery of non-performing assets, namely: Securitisation; Asset reconstruction and Enforcement of security without the intervention of the courts.
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It allowed the creation of asset reconstruction companies (ARC) and allowed banks to sell their nonperforming assets to ARCs. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this act.
