Current Affairs Quiz 02 June 2022

Answer: D
Statement 1 is not correct: In India, the term ―Foreign Portfolio Investor refers to FIIs or their subaccounts, or qualified foreign investors (QFIs) who are permitted to hold upto 10% stake in a company. Portfolio Investment by any single investor or investor group cannot exceed 10% of the equity of an Indian company, beyond which it will now be treated as FDI.

Statement 2 is not correct: FPIs are permitted to invest in Government Securities with a minimum residual maturity of one year. However, FPIs have been prohibited from investing in T-Bills.

Ans. B
About Government e-Marketplace (GeM)
Nodal: Ministry of Commerce and Industry
• The Government e Marketplace (GeM) was launched on August 9, 2016.
• To create an open and transparent procurement platform for Government buyers.
• A Special Purpose Vehicle (SPV) by the name of Government e- Marketplace (GeM SPV) was set up as the National Public Procurement Portal
• It has been developed by Directorate General of Supplies and Disposals (Ministry of Commerce and Industry) with technical support of National e-governance Division (Ministry of Electronic and Information Technology).
• It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
• At present, the platform is open for procurement by all government buyers: central and state ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc.
• As per existing mandate, GeM is not available for use by private sector buyers.
• Suppliers (sellers) can be from across all segments: government or private.

The following are the objectives of the online platform:
• Easier availability of various goods and services for the government buyers.
• Create transparency in public procurement.
• Cost saving on government expenditure.
• Achieve and promote cashless transactions.

Ans. A
About Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP)

• Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) is a Centrally sponsored (World Bank supported) scheme of Ministry of Skill Development & Entrepreneurship (MSDE).
• It is an outcome focused scheme marking shift in government’s implementation strategy in vocational education and training from inputs to results.
• SANKALP aims to implement the mandate of the National Skill Development Mission (NSDM).
• The objective of SANKALP is to enhance institutional mechanisms for skills development and increase access to quality and market-relevant training for the work force.
• The scheme provides the required impetus to the National Skill Development Mission, 2015 and its various sub missions.
• It is aligned to flagship Government of India programs such as Make in India and Swachhta Abhiyan and aims at developing globally competitive workforce for domestic and overseas requirements.

Ans;- a) 1 only

Explanation;-

IUCN has an observer status at the United Nations.

IUCN is the only international observer organization in the UN General Assembly with expertise in issues concerning the environment, specifically biodiversity, nature conservation and sustainable natural resource use.

Answer: b
Chambal River
• The Chambal River is a tributary of the Yamuna River in central India, and thus forms part of the greater Gangetic drainage system.
• The river flows north-northeast through Madhya Pradesh, running for a time through Rajasthan, then forming the boundary between Rajasthan and Madhya Pradesh before turning southeast to join the Yamuna in Uttar Pradesh state.
• The perennial Chambal originates at janapav, south of Mhow town, near manpur Indore, on the south slope of the Vindhya Range in Madhya Pradesh.
• The Chambal and its tributaries drain the Malwa region of northwestern Madhya Pradesh, while its tributary, the Banas, which rises in the Aravalli Range, drains southeastern Rajasthan.
• It ends a confluence of five rivers, including the Chambal, Kwari, Yamuna, Sind, Pahuj, at Pachnada near Bhareh in Uttar Pradesh state.
• The Chambal River is considered pollution free, and hosts an amazing riverine faunal assemblage including 2 species of crocodilians – the mugger and gharial, 8 species of freshwater turtles, smooth-coated otters, gangetic river dolphins, skimmers, black-bellied terns, sarus cranes and black-necked storks, amongst others.