QUIZ – 2017: Insights Current Affairs Quiz, 05 August 2019

Solution: b)

North Eastern Region Community Resource Management Project (NERCORMP) is a livelihood and rural development project aimed to transform the lives of the poor and marginalized tribal families in North East (NE) India. NERCORMP is a joint developmental initiative of the North Eastern Council (NEC), Ministry of DoNER, Govt. of India and International Fund for Agricultural Development (IFAD).

Major project activities:

• Institutional strengthening of community institutions (CBOs) and strengthening the capacity of participating agencies viz. NGOs, Line Depts etc.
• Promote viable income generation activities (IGAs) for poor households through production of field crops, horticulture, forestry, livestock, fisheries, and non-farm activities using sustainable and environmentally friendly practices.
• Promote the establishment of a network of village volunteers at the village or cluster level through training, who in turn will extend services at the community level.
• The project provides revolving fund for credit support to the communities through SHGs, NaRM-Gs or district level Micro Credit Institutes that is developed in the project areas.
• Improving access of communities to safe drinking water and better health care and sanitation; providing awareness to the communities about different social sector schemes of the Govt. and its importance.
• Assist communities to upgrade and construct village roads for better access to their villages.
• Assisting communities to conserve their unique and natural resources and biological diversity, strengthen indigenous institutions and institutionalising new conservation practices; strengthen the information sharing system and documentation of good practices of the project.
• The project gives emphasis on convergence with government and non-government agencies and also facilitate to meet the shortfall of financial and technical support available in the project vis-a-vis community demands.
• The project also facilitates value addition of the marketable surplus and establishing value chain to match the demand and supply.

Source

Solution: a)

An assessment of compliance with Basel Norms was recently conducted by the Regulatory Consistency Assessment Programme (RCAP). RCAP is part of the Basel committee.

The assessment focused on the completeness and consistency of the domestic regulations in force on 7 June 2019, as applied to commercial banks in India, with the Basel large exposures framework.

Key findings:

• The Reserve Bank of India’s (RBI) norms on large exposures for banks are not only compliant with the Basel requirements, they are stricter in some areas as well.
• This is highest possible grade. In some other respects, the Indian regulations are stricter than the Basel large exposures framework. For example, banks’ exposures to global systemically important banks are subject to stricter limits, in line with the letter and spirit of the Basel Guidelines, and the scope of application of the Indian standards is wider than just the internationally active banks covered by the Basel framework.

Solution: d)

The Protection of Children from Sexual Offences Act (POCSO Act) 2012 was formulated in order to effectively address sexual abuse and sexual exploitation of children.

The Act defines a child as any person below eighteen years of age. It defines different forms of sexual abuse, including penetrative and non-penetrative assault, as well as sexual harassment and pornography.

The Act also provides for mandatory reporting of sexual offences. This casts a legal duty upon a person who has knowledge that a child has been sexually abused to report the offence; if he fails to do so, he may be punished with six months’ imprisonment and/ or a fine.

The POCSO Act is only applicable to child survivors and adult offenders. In case two children have sexual relations with each other, or in case a child perpetrates a sexual offence on an adult, the Juvenile Justice (Care and Protection of Children) Act, 2000, will apply.

Source

Solution: a)

In India, the new HAM is a mix of BOT Annuity and EPC models. As per the design, the government will contribute to 40% of the project cost in the first five years through annual payments (annuity). The remaining payment will be made on the basis of the assets created and the performance of the developer.

Here, hybrid annuity means the first 40% payment is made as fixed amount in five equal instalments whereas the remaining 60% is paid as variable annuity amount after the completion of the project depending upon the value of assets created.

As the government pays only 40%, during the construction stage, the developer should find money for the remaining amount.

Here, he has to raise the remaining 60% in the form of equity or loans.

There is no toll right for the developer. Under HAM, Revenue collection would be the responsibility of the National Highways Authority of India (NHAI).

Source

Solution: c)

Defence Minister Rajnath Singh recently inaugurated two strategically important bridges in Kathua and Samba districts of Jammu and Kashmir that will help in smooth mobility of security forces in the border areas.

The bridges, near the International Border, have been built under Project Sampark.

Project Sampark was raised by Border Roads Organisation (BRO) in 1975 with its Headquarters at Jammu.