[MISSION 2022] INSIGHTS CURRENT AFFAIRS ( 1 September 2021) REVISION THROUGH MCQS

Ans: (a)

Explanation:

• S1: The Chief Justice of India and the Judges of the Supreme Court
  are appointed by the President under clause (2) of Article 124 of the
• S2: A person appointed as a judge of the Supreme Court, before entering upon his Office, has to make and subscribe an oath or affirmation before the President, or some person appointed by him for this purpose. In his oath, a judge of the Supreme Court swears:
  1. to bear true faith and allegiance to the Constitution of India;
  2. to uphold the sovereignty and integrity of India;
  3. to duly and faithfully and to the best of his ability, knowledge and judgement perform the duties of the Office without fear or favour, affection or ill-will; and
  4. to uphold the Constitution and the laws.

Refer: https://www.insightsonindia.com/2021/09/01/appointment-of-supreme-court-judges/

Ans: (c)

Explanation:

• S1: The NRC is the list of Indian citizens and was prepared in 1951, following the census of 1951.
• S2: The Assam Accord, signed by the governments of Assam and India, and the All Assam Students’ Union (AASU) and the All Assam Gana Sangram Parishad in 1985.
• S3: The process of NRC update was taken up in Assam as per a Supreme Court order in 2013.

Refer: https://www.insightsonindia.com/2021/09/01/two-years-since-nrc-draft-lakhs-still-in-limbo/

Ans: (d)

Explanation:

• The Taliban are a movement of religious students (talib) from the Pashtun areas of eastern and southern Afghanistan who were educated in traditional Islamic schools in Pakistan.

Refer: https://www.insightsonindia.com/2021/09/01/india-envoy-in-doha-meets-taliban-leader/

Ans: (b)

Explanation:

• S3: It launched the South Asian Free Trade Area in 2006.
• S2: Its secretariat is based in Kathmandu, Nepal.
• S1: It is an economic and political organization of eight countries in South Asia.

Refer: https://www.insightsonindia.com/2021/09/01/concerns-over-afghanistans-membership-in-saarc-arise/

Ans: (b)

Explanation:

• Gwadar Port is situated on the shores of the Arabian Sea in the city of Gwadar, located in the Pakistani province of Balochistan.
• The Kyaukpyu deep-water port in the western Rakhine State of Myanmar.
• Chengdu is the capital of southwestern China’s Sichuan province.

Refer: https://www.insightsonindia.com/2021/09/01/china-opens-first-road-rail-transport-link-to-indian-ocean/

Ans: (a)

Explanation:

• InvITs are collective investment vehicles similar to a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return. InvITs enable developers of infrastructure assets to monetise their assets by pooling multiple assets under a single entity (trust structure). In India, InvITs are governed by SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2016.

Refer: https://www.insightsonindia.com/2021/09/01/national-monetisation-pipeline-nmp/

Ans: (d)

Explanation:

• Sand and dust storms impact over 500 million in India, according to Asian and Pacific Centre for the Development of Disaster Information Management (APDIM) report Sand and Dust Storms Risk Assessment in Asia and the Pacific.
• APDIM is a regional institution of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).

Refer: https://www.insightsonindia.com/2021/09/01/sand-and-dust-storms/

Ans: (c)

Explanation:

• S1: G-Secs are issued through auctions conducted by RBI.
• Floatation of State Government Loans (State Development Loans): As per the Reserve Bank of India Act, 1934, the RBI may, by agreement with any State Government undertake the management of the public debt of that State. I
  • Accordingly, the RBI has entered into agreements with 29 State Governments and one Union Territory (UT of Puducherry) for management of their public debt.
• S2: In India, the Central Government issues both, treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs). Treasury Bills (T-bills) Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 3.64 day.
• S3: Treasury bills are zero coupon securities and pay no interest. They are issued at a discount and redeemed at the face value at maturity.
  • For example, a 91 day Treasury bill of 100/- (face value) may be issued at say 98.20, that is, at a discount of say, 1.80 and would be redeemed at the face value of  100/-.

Refer: https://www.insightsonindia.com/2021/09/01/overseas-settlement-of-g-sec-deals-on-anvil-das/

Ans: (d)

Explanation:

• S1: It is compiled and published monthly by the Central Statistical Organisation(CSO) six weeks after the reference month ends.
• S2: The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The eight core industries are: Coal, Crude oil, Natural Gas, Refinery products, fertilizers, steel, cement and electricity.

Refer: https://www.insightsonindia.com/2021/09/01/core-sector-logs-9-4-growth/

Ans: (b)

Explanation:

• S2: The United Nations Security Council, under the current Presidency of India, on August 30, 2021, adopted a resolution on the situation in Afghanistan, demanding that the war-torn country not be used to threaten or attack any nation or shelter terrorists.
• S1: The resolution was put forward by the US, the UK, and France. It was adopted after 13 Council members voted in favour, while permanent members Russia and China abstained from the voting.

Refer: facts for prelims: https://www.insightsonindia.com/2021/09/01/mission-2022-insights-daily-current-affairs-pib-summary-1-september-2021/