Daily MCQ
11 hours ago

22 May 2019 MCQs Test

10 Questions 20 Minutes

Current Affairs
May 22, 2019

HOT PURSUIT
The Indian Coast Guard seized heroin, estimated to be worth ₹1,000 crore from a Pakistani fishing vessel caught after hot pursuit off the Gujarat coast.
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Doctrine of hot pursuit: 

  • The doctrine of hot pursuit emerged as an exception to the fundamental principle of freedom of the high seas — the rights of vessels of all nations to navigate freely on the high seas. 

  • At a time when smuggling and piracy were rampant, this customary doctrine emerged to empower a coastal state to pursue on to the high seas a vessel that had violated its laws within its waters. 

  • Decades later, this customary doctrine was codified in the 1982 United Nations Convention on the Law of High Seas. 

  • Apart from imposing procedural restrictions, the Convention clearly spelt out that the right of hot pursuit ceases as soon as the ship pursued enters the territorial sea of its own country or a third state. 

  • Over the years, some countries have sought to introduce an expanded doctrine of hot pursuit on land, to justify the breaches of territorial sovereignty of foreign states as part of the ongoing pursuit of offenders. 

Important Info :

Costal border: 

  • Territorial boundary:
    • In the case of our coastal border line, our territorial boundary is defined up to 12 nautical miles.
    • This zone is our sovereign territory and other countries have to take permission from India to entering this area.
  • Zone of hot pursuit:
    • Contagious to this zone is the zone of hot pursuit, and it extends upto 24 nautical miles.
    • Any infringement of customs, sanitary, immigration and fiscal regulations in the contagious zone can also attract punishment from coastal staes.
  • Exclusive economic zone (EEZ):
    • EEZ extends from the outer limit of territorial sea up to 200 nautical miles.
    • This is the zone where coastal states hold the right to natural and economic resources such as minerals, oil exploration and fishing. Ships of other countries can pass through this zone as long as they do not pose any threat to the coastal lines.
Source : The Hindu
Defence & Security

Current Affairs
May 22, 2019

GUR MAHOTSAV (JAGGERY FESTIVAL)
Muzaffarnagar district (in Uttar Pradesh) is hosting a first-of-its-kind Gur Mahotsav (jaggery festival) at the end of this month.
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About: 

  • Muzaffarnagar is arguably the biggest mandi (marketplace) of gur in Asia. Here the farmers produce around 60 varieties of it. 

  • Duration: The three-day festival is scheduled to begin on May 30. 

  • Objective: 
    • It promises to bring together different stakeholders involved in the research, production and marketing of jaggery. 

    • It will focus on issues such as packaging and marketing of jaggery and sugarcane juice, more efficient prototypes of crushers and ways to increase the production of organic gur. 

    • The festival aims to address gur versus sugar debate. Gur has medicinal properties and some feel that using gur in tea is healthier than adding sugar. 



  • Parent programme: The event is being organised under the Uttar Pradesh government’s ‘one district, one product’ scheme, in partnership with private players. 

Important Info :

One District, One Product (ODOP) Scheme? 

  • ODOP scheme of Uttar Pradesh government aims to is to promote traditional micro, small and medium enterprises (MSMEs) synonymous with their respective districts to create jobs.
  • Its key strategy is preservation and development of local crafts, improvement in product quality and skill development. 
  • Uttar Pradesh is unique in being famous for product-specific traditional industrial hubs across 75 districts, including Varanasi (Banarasi silk sari), Lucknow (chikan), Kanpur (leather goods), Aligarh (locks), Moradabad (brassware), Meerut (sports goods), Saharanpur (wooden products) etc. 
Source : The Hindu
Economy

Current Affairs
May 22, 2019

SPECIALISED SUPERVISORY & REGULATORY CADRE (RBI)
The RBI's central board decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen the supervision and regulation of commercial banks, UCBs and NBFCs.
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About: 

  • The Reserve Bank of India’s (RBI) Central Board met in Chennai under the Chairmanship of Shri Shaktikanta Das, Governor, RBI. 

  • The Central Board reviewed the present structure of supervision in RBI in the context of the growing diversity, complexities and interconnectedness within the Indian financial sector. 

  • With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks (UCBs) and Non-Banking Financial Companies (NBFCs), the Board decided to create a specialised supervisory and regulatory cadre within the RBI. 

  • The reason behind a potential overhaul of the RBI supervisory structure are expected due to the non-bank finance crisis, failures of credit rating agencies to flag risks, divergence in asset quality by big banks and alleged lapses on the part of auditors. 

Source : Economic Times
Economy

Current Affairs
May 22, 2019

MEMORY OF THE WORLD PROGRAMME
The Parsi community has digitised its prayers so as to save its age-old traditions. The initiative is inspired by other global projects like ‘Memory of The World Programme’ to digitise traditions.
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About: 

  • Programme Objectives: The vision of the Memory of the World Programme is that the world's documentary heritage belongs to all, should be fully preserved and protected for all and, with due recognition of cultural mores and practicalities, should be permanently accessible to all without hindrance.

  • Established by: UNESCO.

  • Established in: 1992. 

Important Info :

Jikji Prize? 

  • It was established in 2004 in cooperation with the South Korean government. The prize has been awarded biennially since 2005. 
  • It was established to further promote the objectives of the Memory of the World Programme and to commemorate the 2001 inscription of the country's Jikji on the Register. The Jikji is the earliest known book printed with movable metal type in 1377. 
  • The award recognizes institutions that have contributed to the preservation and accessibility of documentary heritage. 
  • The award includes a cash prize of $30,000 from the Korean government. 
Source : The Hindu
Culture

Current Affairs
May 22, 2019

WORLD ECONOMIC SITUATION AND PROSPECTS (WESP) REPORT
According to the World Economic Situation and Prospects as of mid-2019, India's economy is projected to grow at 7.1 % in the fiscal year 2020 on the back of strong domestic consumption and investment.
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World Economic Situation And Prospects (WESP) as Of Mid-2019: Key Highlights

  • Global growth projections: Across both developed and developing countries, growth projections for 2019 have been downgraded. Following an expansion of 3.0 % in 2018, world gross product growth is now projected to moderate to 2.7 % in 2019 and 2.9 % in 2020.

  • India’s growth projections: India's economy is projected to grow at 7 % in the fiscal year 2019 and 7.1 % in the fiscal year 2020 on the back of strong domestic consumption and investment.

  • Risks:
    • Risks that could trigger a prolonged growth slowdown in the world economy include a further escalation in trade disputes, a sudden deterioration in financial conditions, and the accelerating effects of climate change.

    • The increase in frequency and intensity of natural disasters highlight the rising threats from climate change, particularly for the most vulnerable economies.



  • Recommendations:
    • Tackling the current growth slowdown require a combination of monetary, fiscal and development-oriented measures.

    • There is a need of more coordinated multilateral approach to global climate policy, which includes the use of carbon pricing mechanisms.



Important Info :

WESP report is a joint product of the United Nations Department of Economic and Social Affairs (UN/DESA), the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions.

Source : All India Radio
Economy

Current Affairs
May 22, 2019

MAN BOOKER INTERNATIONAL PRIZE
Jokha Alharthi, an author from Oman has won the Man Booker International Prize for "Celestial Bodies".
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About: 

  • Given by: The Man Booker International Prize is an international literary award sponsored by the Man Group, the same organisation that gives the Man Booker Prize for fiction. 

  • Criteria: It is annually given for a single work of fiction in any language that has been translated into English and published in the United Kingdom in the last year. 

  • Cash prize: It carries a cash prize of 50,000 pounds or 64,000 US dollar for the winning title, shared equally between author and translator. 

Important Info :

Jokha Alharthi

  • Jokha Alharthi is an author from Oman.
  • She has won the Man Booker International Prize for "Celestial Bodies", the story of three sisters of a desert country confronting its slave-owning past and a complex modern world.
  • She is the first Arabic-language writer to take the prize. She will split the cash prize with her UK-based translator, Marilyn Booth.
Source : All India Radio
Awards and Recognitions

Current Affairs
May 22, 2019

HIGH-LEVEL COMMITTEE (HLC) ON CRUDE OIL IMPORTS
A High-Level Committee constituted by the Centre has submitted its recommendations to bring down India’s dependence on crude oil imports.
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About: 

  • Composition: The High-Level Committee consisted of Dr Anil Kakodkar, eminent Scientist and Sidharth Pradhan, an expert on financial and tax issues.

  • Mandate: It was setup to examine the issues relating to the –
    • preparation of action plan to create synergy among Research and Development Centres of Oil and Gas Public Sector Undertakings,

    • tax issues and ways to benefit from GST by the Oil and Gas PSUs,

    • merger, acquisition and consolidation of Oil and Gas Public Sector Undertakings and the Joint Ventures and

    • Formation of new entity dealing with oil services and supply of qualified manpower to the Oil and Gas sector around the world.



  • Recommendations: It has recommended short term, medium term and long term strategies in the report, clearly bringing out the strategy to reduce the import dependency of the nation.

  • Way ahead: Ministry of Petroleum and Natural Gas will consider the recommendations submitted by the Committee while formulating policies.

Important Info :

Background: 

  • The import dependency of crude oil and LNG during 2018 was 82.59% and 45.89% respectively (which is likely to increase in days to come) whereas the domestic production of crude oil and natural gas has almost stagnated. 
  • During 2018, petroleum import was 23.42% of total gross import of the nation.
  • India’s projected oil demand is going to grow at CAGR 4% during 2016-2030 against the world average of 1% though the projected oil demand will be much lower as compared to the US and China. 
Source : Economic Times
Economy

Current Affairs
May 22, 2019

COMPETITION COMMISSION OF INDIA (CCI)
The Competition Commission of India (CCI) celebrated its Annual Day on 20th May, 2019 which marks the notification of the substantive enforcement provisions of the Competition Act, 2002.
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About: 

  • Status: A statutory body established under the provisions of The Competition Act, 2002. 

  • Established in: 2003. 

  • Composition: A Chairperson and 6 Members appointed by the Central Government.

  • Mandate: To implement provisions of The Competition Act, 2002 which –
    • prohibits anti-competitive agreements and abuse of dominant position by enterprises

    • regulates mergers and acquisition (M&A) which can have an adverse effect on competition within India. Thus, deals beyond a certain threshold are required to get clearance from CCI.



Source : PIB
Economy

Current Affairs
May 22, 2019

PSLV-C46/RISAT-2B MISSION
India’s PSLV-C46 successfully launched RISAT-2B satellite on May 22, 2019 from of Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota.
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PSLV-C46: 

  • In this PSLV-C46 mission, the 'Core-Alone' configuration of PSLV was flown (without the use of solid strap-on motors). 

RISAT-2B: 

  • RISAT-2B with a lift-off mass of 615 kg, is a radar imaging earth observation satellite with an advanced technology of 3.6m radial rib antenna. 

  • The satellite is intended to provide services to Agriculture, Forestry and Disaster Management domains. It will have military applications, as well. 

Other payload on this mission: 

  • Piggyback payload was also carried onboard this mission namely, Vikram processor and low cost MEMS based Inertial Navigation System (INS) developed by Semi-Conductor Laboratory (SCL), Chandigarh and ISRO Inertial Systems Unit, Thiruvananthapuram respectively. 

Important Info :

Risat series? 

  • The first satellite in the Risat series -- Risat 2 --was launched on April 20, 2009. The 300kg satellite used an X-band synthetic aperture radar sensor made by Israel Aerospace Industries. Risat-1 launch was postponed to prioritise the launch of Risat-2 after the 2008 Mumbai terror attack.
  • Risat-1, an indigenously developed radar imaging satellite, was launched on April 26, 2012. All these satellites had a five-year mission life.
  • Unlike the usual remote sensing and optical imaging satellites, a radar imaging satellite can penetrate through thick cloud cover and identify hidden objects on the ground.
Source : Times of India
Science & Tech
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