03 November 2021 Current Affairs Quiz

Ans;- d) 2 and 3 only

About Monetary Policy Committee (MPC);-

• The Monetary Policy Committee (MPC) is a committee of the RBI, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level.
• The RBI Act, 1934 was amended by Finance Act (India), 2016 to constitute MPC to bring more transparency and accountability in fixing India’s Monetary Policy.
• The policy is published after every meeting with each member explaining his opinions.
• The committee is answerable to the Government of India if the inflation exceeds the range prescribed for three consecutive months.
• Suggestions for setting up a Monetary policy committee is not new and goes back to 2002 when YV Reddy committee proposed to establish an MPC, then Tarapore committee in 2006, Percy Mistry committee in 2007, Raghuram Rajan committee in 2009 and then Urjit Patel Committee in 2013.

Composition and Working of MPC;-

• The committee comprises 6 members – three officials of the RBI and three external members nominated by the Government of India.
• The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting.
• The Governor of RBI is the chairperson ex officio of the committee.
• Decisions are taken by a majority with the Governor having the casting vote in case of a tie.
• They need to observe a “silent period” seven days before and after the rate decision for “utmost confidentiality”.

Ans;- c) Indus

Explanation;-

• The Shyok River (lit. ‘the river of death’) a tributary of the Indus River that flows through northern Ladakh and enters Gilgit-Baltistan, spanning some 550 km (340 mi).

Ans;- b) 2-1-3

Ans;- b) Only 2

Explanation;-

• Dekho Apna Desh Webinar under ministry of tourism.
• Dekho Apna Desh Webinar Series is an effort to showcase India’s rich diversity under Ek Bharat Shreshtha Bharat programme.
• Dekho Apna Desh will allow virtual exploration of several Indian destinations.
• The Ministry of Tourism in India recently launched its “Dekho Apna Desh” webinar to offer tourism virtually.
• It is intended to provide an in-depth knowledge on several destinations in India along with information about the heritage of India.
• It has been launched to provide information on the many destinations and the sheer depth and expanse of the culture and heritage of Incredible India.
• The webinar will be available on the Ministry’s social media handles- Incredible India on Instagram and Facebook.

Correct Answer : B
Answer Justification :
Learning: The Ganges River dolphin or Susu, lives in one of the most densely populated regions of the world in the fresh water of
Ganga and Brahmaputra. One of the main threats to the species is loss of habitat due in large part to the creation of dams and irrigation projects. The presence of Susu is an indication of the health of the river. The untreated industrial and urban wastes with high amount of
chemicals are killing this species.