November 10-11 2024 Current Affairs MCQs

Explanation

Only Pair 1 is correct

• Tarun plus category: It is a new loan category under the PMMY that allows entrepreneurs to access loans between ₹10 lakh and ₹20 lakh. “Credit Guarantee Fund for Micro Units” will provide guaranteed coverage for these loans.
  • Purpose: It was introduced to promote entrepreneurship in the country by facilitating the growth and expansion of emerging entrepreneurs.
  • Eligibility: To be eligible for the Tarun Plus category, entrepreneurs must have previously availed and successfully repaid loans under the Tarun category.

Answer: (a) Only one; Difficulty Level: Medium

Explanation

Option(d) is correct

• Women gig workers launched “Black Diwali” digital strike to protest exploitation and demand fair conditions.
• A gig worker is a person who engages in income-earning activities outside of a traditional employer-employee relationship and in the informal sector and can be classified into:
  1. Platform workers: whose work is based on online software apps or digital platforms.
  2. Non-platform gig workers: are casual wage workers, working part time or full time.

Answer: (d) Digital strike held by female gig workers to call out exploitative labour; Difficulty Level: Easy

Explanation

Statements 1 and 4 are incorrect

• The Baku climate summit (COP 29) aims to establish robust financial frameworks to support climate action, focusing on climate finance for the first time in over a decade.
• Climate Finance Action Fund (CFAF):
  • Fund Source: Voluntary contributions from fossil fuel producers and companies, with initial contributions from Azerbaijan.
  • Revenue Allocation: 50% for climate projects in developing countries and 50% to support national climate action plans.
  • Operational Conditions: Requires commitments from at least 10 shareholder countries for fund activation at $1 billion capitalization.

Statements 2 and 3 are correct

• Setting New Climate Finance Goals:
  • Climate Finance Target: Establishing a new collective climate finance goal (NCQG) to replace the previous $100 billion baseline.
  • Proposed Target: Anticipated increase to $1 trillion annually to support developing nations.
  • Funding Sources: Contributions expected from wealthy nations, potential participation from emerging economies like China and India.
  • Paris Agreement Obligations: Discussions on updating climate action plans and achieving NCQG commitments by 2025.
• Major Proposals and Contributions from Azerbaijan:
  • Energy Storage and Green Hydrogen: Global Energy Storage capacity to be increased sixfold by 2030 and Green Hydrogen Market to be promoted as an alternative energy source.
  • Digital Carbon Footprint Reduction: Implement measures to minimize carbon emissions from digitization and data centers.

Answer: (c) 1 and 4 only; Difficulty Level: Hard

Explanation

Both statements are incorrect

• Net Borrowing Ceiling:
  • Purpose: Limits borrowings of States from all sources, including open market borrowings, loans from financial institutions, and liabilities from public accounts.
  • Extended Coverage: Includes debt by state-owned enterprises if serviced from the State’s budget.
  • Imposition: The Centre enforces the NBC under Article 293(3) of the IC. It has significant discretion over whether States can raise loans and impose conditions as deemed necessary.
• Borrowing Powers under the Constitution:
  • Centre’s Power: Article 292 grants the Centre authority to borrow upon the security of the Consolidated Fund of India.
  • State’s Power: Article 293 empowers States to borrow on the security of Consolidated Fund of State, subject to conditions.
  • Repayment Restrictions: States must obtain Centre’s consent if they have outstanding loans or guarantees from the Centre.

Answer: (d) Neither 1 nor 2; Difficulty Level: Medium

Explanation

Statement 3 is correct, statements 1 and 2 are incorrect

• Initiatives Related to Electric Vehicles in India:
  • E-Amrit portal: Launched at COP26 Summit in Glasgow as one-stop destination for all EV information.
  • EV30@30 campaign: It aims for at least 30% of new vehicle sales to be electric by 2030.
  • GST restructuring: GST on EVs has been reduced from 12% to 5%; GST on chargers/ charging stations for electric vehicles has been reduced from 18% to 5% by GST Council.
  • New Electric Vehicle Policy 2024: It aims to position India as a prime manufacturing hub for EVs.
  • Electric Mobility Promotion Scheme (EMPS) 2024: It aims to increase the sale of electric two-wheelers, three-wheelers and e-rickshaws.
  • National Mission on Transformative Mobility and Storage: This mission aims to localise the production of EVs and their components within the country.
  • FAME-II: It aims to incentivise the purchase of EVs & establish the necessary charging infrastructure.
  • PLI Scheme: It aims to manufacture Advanced Chemistry Cells (ACC) to bring down battery prices.
  • National Electric Mobility Mission Plan (NEMMP): This plan aims to promote the adoption of electric and hybrid vehicles in the country.
  • Green license plates: The Ministry of Road Transport & Highways has announced them for EVs.
  • Go Electric campaign: To create awareness of the benefits of EVs and EV charging infrastructure.

Answer: (a) Only one; Difficulty Level: Medium

Explanation

• The 4B movement began in South Korea around 2016 and gets its name from the Korean language. “4B,” representing the four “no’s“-bihon (no marriage), bichulsan (no childbirth), biyeonae (no romance), and bisekseu (no sexual relationships).
• Ideology: This radical feminist movement believes that heterosexual relationships usually serve to reinforce systems of oppression against women. It advocates that women break away from the norm of these traditional roles for variances of independence and happiness.

Answer: (b) A South Korean radical feminist movement advocating for the rejection of traditional roles, including marriage, childbirth, romance, and sexual relationships; Difficulty Level: Medium

Explanation

Statement 1 is correct

• Indian Council for Agricultural Research is an autonomous organisation established in 1929 under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare.
• Headquarter: New Delhi
• It is an apex body for coordinating, guiding and managing research and education in agriculture including horticulture, fisheries and animal sciences in the entire country.

Statement 2 is incorrect

• Union Minister of Agriculture is the ex-officio President of the ICAR Society.

Answer: (a) 1 only; Difficulty Level: Easy

Explanation

Option (d) is incorrect

• Mera Yuva Bharat (MY Bharat) Platform is launched by Ministry of Youth Affairs and Sports.
• It is a ‘Phygital Platform’ (physical + digital) comprising physical activity and an opportunity to connect digitally.
• The platform provides equal access to opportunities for youth to achieve their dreams and contribute to building an Amrit Bharat by 2047 through experiential learning programs.
• It allows young people to create profiles showcasing their skills and activities.

Answer: (d) It exclusively focuses on promoting sports and fitness activities among the youth.; Difficulty Level: Medium