Current Affairs Quiz 01 February 2023

Answer: B

The Kishanpur Wildlife Sanctuary is a part of the Dudhwa Tiger Reserve near Mailani in Uttar Pradesh,
India.

Solution: d)
Justification: It is essentially the process through which the policy action of the central bank is transmitted to the ultimate objective of stable inflation and growth. The policy action consists typically of changing the interest rate at which it borrows or lends “reserves” (in our case, Rupees) on an overnight basis with commercial banks. The transmission mechanism hinges crucially on how monetary policy changes influence households’ and firms’ behavior. This change can take place through several channels. Studying these channels is a vast subject in finance and economics literature. Changes in the central bank’s policy rate impact the economy with lags through a variety of channels, the primary ones being (i) interest rate channel, (ii) credit channel, (iii) exchange rate channel, and (iv) asset price channel. How these channels function in a given economy depends on the stage of development of the economy and its underlying financial structure.
Statement 1: A large part of bank’s deposits are lent to the government through the SLR route at a certain interest rate, which is not responsive to the general interest policy in the economy.
Statement 2: The implicit assumption here is that bank balance sheets are strong and in a position to step-up quickly the supply of credit in response to lower funding cost and higher demand for credit – the bank lending or the credit the channel of transmission. Cross-country evidence indicates that monetary transmission is greatly hindered if the bank balance sheets are weak in that they do not have much loss-absorption capacity to deal squarely with their problem.
Statement 3: If major schemes keep sub venting interest rates, even if the banks change the interest rate, it will not elicit a response from the public because they are anyways borrowing funds at a lower interest rate (due to the interest subvention). Also, the monetary transmission also remains weak in India due to the following reasons:
The practice of yearly resetting of administered interest rates on small savings (including public provident fund) linked to
G-sec yields Sticky bank rates

Solution :- C) IMF i.e. International Monetary Fund

Answer: c

• Leprosy is a chronic, progressive bacterial infection caused by the bacterium Mycobacterium leprae.
• It primarily affects the nerves of the extremities, the skin, the lining of the nose, and the upper respiratory tract.
• Leprosy is also known as Hansen’s disease.
• Hansen’s disease produces skin ulcers, nerve damage, and muscle weakness. If it isn’t treated, it can cause severe disfigurement and significant disability.
• Hansen’s disease is one of the oldest diseases in recorded history. The first known written reference to Hansen’s disease is from around 600 B.C.
• Hansen’s disease is common in many countries, especially those with tropical or subtropical climates.
• It’s not very common in the United States.
○ The Centers for Disease Control and Prevention (CDC)Trusted Source reports that only 150 to 250 new cases are diagnosed in the United States each year.

Answer: B

About the Census
• The census provides information on size, distribution and socio-economic, demographic and other characteristics of the country’s population.
• The first synchronous census in India was held in 1881, and since then, censuses have been undertaken uninterruptedly once every ten years.
• India’s last census was carried out in 2011 when the country’s population stood at 121 crores.
• The Census 2021 will be conducted in 18 languages out of the 22 scheduled languages (under 8th schedule) and English, and the option of “Other” under the gender category will be changed to “Third Gender”.
• For the first time data is proposed to be collected through a mobile app by enumerators and they will receive an additional payment as an incentive.
• The last caste-based census was conducted by the British in 1931.
• Arthashastra by ‘Kautilya’ written in the 3rd Century BC prescribed the collection of population statistics as a measure of state policy for taxation.
• In India, a census is conducted every decade and Census 2021 will be the 16th national census of the country.