28th September 2020, Static Quiz on Indian Economy

Solution: b)
Justification:

Solution: c)
Justification: Statement 1: In this way, power grid manages the peak deficit problems.
Statement 2: A National Power Grid was completed by linking all the five Regions-North, South, East, West and North East. It is the largest single system in the world both in terms of grid size and a system capacity of around 200000 MW. This ensured complete integration of India into seamless network for delivering electricity.
Statement 3: POWERGRID is an Indian state-owned electric utilities company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network.

Solution: d)
Justification: Statement 1: In India, the minerals are classified as minor minerals and major minerals. Central Government by notification in the Official Gazette declares minerals to be a minor or major mineral. The majorminor classification has nothing to do with the quantum /availability of these minerals, though it is correlated with the relative value of these minerals. Further, this classification is based more on their end use, rather than level of production, level of mechanization, export and import etc. (e.g. Sand can be a major mineral or a minor mineral depending on where it is used; same is the case for limestone.) Major minerals are those specified in the first schedule appended in the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act 1957) and the common major minerals are Lignite, Coal, Uranium, iron ore, gold etc. It may be noted that there is no official definition for “major minerals” in the MMDR Act. Hence, whatever is not declared as a “minor mineral” may be treated as the major mineral. Major minerals are exploited by the Centre, and minor by the State.

Solution: c)
Justification: Statement 1 and 2: LLP is a hybrid of companies & partnerships providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership. The Act was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India. Unlike the general partnerships in India, LLP is a body corporate and legal entity separate from its partners, have perpetual succession and any change in the partners of a LLP shall not affect the existence, rights or liabilities of the LLP.
Statement 2: LLP registered in India will be a resident even if only a part of control and management is in India. Profits distributed by LLP exempt in the hands of the partners.

Solution: d)
Justification: At present, India imports basic chipset for mobile handsets but there has been a spurt in the production of other mobile components. CBEC has recently imposed a 10% duty on imports of key smartphone components such as populated printed circuit boards (PCBs), camera modules and connectors. At present there is zero import duty imposed on the three components. This decision will push local assembly or manufacturing of these components as companies who make here will get a price advantage over those who don’t. This decision follows the government’s announcement to impose 20% basic customs duty (BCD) on fully built mobile phones, which came into effect from February 1, 2018 as part of its phased manufacturing program (PMP). Since 2014, import duties have acted as catalyst to grow investment into mobile phone manufacturing in India. Over the next 10-12 years, PMP aims to make India a manufacturing hub of mobile components. PMP was launched for promoting the growth of domestic manufacturing of Cellular mobile handsets only. It has been proposed to extend this program to other sectors as well. This programme is under Ministry of Electronics and Information Technology (MieTY). Its overall aim is to impose duties (differential duty regime) and give tax reliefs and incentives on select products involved in domestic manufacturing of cellular handsets. It is called phased manufacturing programme because it will give fiscal benefits to domestic manufacturing of various components of cellular handsets in different fiscals.

Solution: a)
Justification: Statement 2: The documents are recommendatory in nature. They are not rules or regulations.
Statement 1: They provide implementation guidance to food businesses (especially the small and medium businesses) involved in manufacturing, packing, storage and transportation to ensure that critical food safety related aspects are addressed throughout the supply chain. These documents are based on Schedule 4 of Food Safety & Standards (Licensing & Registration of Food Businesses) Regulation, 2011. They also provide the basic knowledge and criteria for implementation of Hazard Analysis and Critical Control Point (HACCP) system by the food businesses. Sample HACCP Plans have been taken from some established practicing industries. These plans could be used as reference by the industry and modified or altered based on their operations.

Solution: c)
Justification: To bring in transparency in food safety inspection and sampling, FSSAI has put in place a nationwide online platform called ‘FoSCoRIS’. ‘FoSCoRIS’ will help verify compliance of food safety and hygiene standards by food businesses as per the government norms. The new system will bring together all key stakeholders — food businesses, food safety officers (FSOs), designated officers, state food safety commissioners — on a nation-wide IT platform and data related to inspection, sampling and test result data will be shared seamlessly by all the officials. This system will give a clear picture to the FSSAI on the real-time basis and helps eliminate any discrepancy, hence inspection is accountable. The system will ease out the process of sample collection, make it transparent and traceable and controls the quality of compliances.

Solution: b)
Justification: The objective of the scheme is to provide effective and seamless backward and forward integration for processed food industry by plugging the gaps in supply chain in terms of availability of raw material and linkages with the market. Under the scheme, financial assistance is provided for setting up of primary processing centers/ collection centers at farm gate and modern retail outlets at the front end along with connectivity through insulated/ refrigerated transport.
S2 and 3: The Scheme is applicable to perishable horticulture and non-horticulture produce such as fruits, vegetables, dairy products, meat, poultry, fish, Ready to Cook Food Products, Honey, Coconut, Spices, Mushroom, Retails Shops for Perishable Food Products etc. The Scheme would enable linking of farmers to processors and the market for ensuring remunerative prices for agri produce based on such an infrastructure.
S4: The scheme is implemented by agencies/ organizations such as Govt./ PSUs/ Joint Ventures/ NGOs/ Cooperatives/ SHGs / FPOs / Private Sector / individuals etc. The Ministry has engaged Technical Agencies (TAs) for assisting farmer/ producer groups including Farmer Producer Companies, Farmer Producer Organization, Self Help Groups to facilitate their participation under the Scheme. The TAs are responsible for preparation of Business Plan, Detail Project Report, Capacity Building, Trainee and other related support services.

Solution: a)
Justification: This ambitious Zero Hunger Programme focuses on agriculture, nutrition and health. The Programme is initiated by the Indian Council of Agricultural Research (ICAR) in association with the Indian Council of Medical Research (ICMR), the M S Swaminathan Research Foundation and the Biotechnology Industry Research Assistance Council (BIRAC). The programme consists of organizations of farming system for nutrition, setting up genetic gardens for bio-fortified plants and initiation of ‘Zero Hunger’ training. The Programme initially was launched in three districts – Gorakhpur (Uttar Pradesh), Koraput (Odisha) and Thane (Maharashtra). More districts will be covered in future. These three districts will act as model of integrated approach to deal with hunger and malnutrition by adopting suitable agricultural or horticultural practices

Solution: a)
Justification: The Codex Alimentarius Commission is the central part of the Food Standards Programme. The Codex alimentarius is a collection of internationally adopted food standards presented in a uniform manner. These food standards aim at protecting consumer’s health and ensuring fair practices in the food trade.