Current Affairs Quiz 22 August 2022

Correct Answer: B
Justification :
Statement 2: The excess CO2 is used for calcification of reefs and in this way the additional CO2 is taken care of. So, coral reefs are helpful in controlling the Green House Effect as they absorb carom dioxide. Statement 3: They usually form the first barrier against a tsunami or cyclone or sea waves by blocking the force of the wave.
Statement 4: They have the highest primary productivity WITHIN the sea, not outside. Amongst all, estuaries are the one with the highest primary productivity.

Ans;- a) 1 only
Explanation;-
• The 2nd statement is incorrect because on violation of Constituion the President is removed not Vice-President criteria.
• The Vice-President can be removed from office by a Resolution of the council of states (Rajya Sabha) agreed to by the House of the people (Lok-Sabha).
• No such resolution shall be moved unless at least fourteen days’ notice has been given of the intention to move the resolution.
• Supreme Court can remove the Vice President for the electoral malpractices or upon being not eligible to be Rajya Sabha member under the RPA Act 1951.

Ans;- a) 1 only

Explanation;-

• The 2nd statement is wrong due to 6 months not 3.
• Article 63 of Indian Constitution states that “There shall be a Vice President of India.”
• The Vice President acts as President in the absence of the president due to death, resignation, impeachment, or other situations.
• The Vice President of India is also ex officio Chairperson of the Rajya Sabha.
• The Vice-President is elected by members of an electoral college consisting of members of both Houses of Parliament in accordance with the system of proportional representation by means of single transferable vote.
• He must be a citizen of India, not less than 35 years of age, and eligible for election as a member of the Rajya Sabha.
• His term of office is five years, and he is eligible for re-election.
• His removal from office is to be in accordance with procedure prescribed in Article 67 b.
• The Vice-President is ex-officio Chairman of the Rajya Sabha and acts as President when the latter is unable to discharge his functions due to absence, illness or any other cause, or till the election of a new President (to be held within six months when a vacancy is caused by death, resignation or removal or otherwise of President).
• While so acting, he ceases to perform the function of the Chairman of the Rajya Sabha.

Answer : c
• The Agriculture Infrastructure Fund is a medium – long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and credit guarantee.
• The duration of the scheme shall be from FY2020 to FY2029 (10 years).
• Under the scheme, Rs. 1 Lakh Crore will be provided by banks and financial institutions as loans with interest subvention of 3% per annum and credit guarantee coverage under CGTMSE scheme for loans up to Rs. 2 Crore.
• The beneficiaries will include farmers, PACS, Marketing Cooperative Societies, FPOs, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.
• These assets will enable farmers to get greater value for their produce as they will be able to store and sell at higher prices, reduce wastage, and increase processing and value addition.

Correct Answer : D
Answer Justification : Learning: The Great Barrier Reef is the world’s largest coral reef system composed of over 2,900 individual reefs and 900 islands stretching for over 2,300 kilometers over an area of approximately 344,400 square kilometers. The reef is located in the Coral Sea, off the coast of Queensland, Australia. The Great Barrier Reef can be seen from outer space and is the world’s biggest single structure made by living organisms.