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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Which of the following are among the nine pillars of Digital India Programme?
Choose the correct answer from the codes given below:
Solution (d)
Digital India is a programme launched in 2015 to transform India into digital empowered society and knowledge economy. It would also bring in public accountability through mandated delivery of government’s services electronically.
The Digital India programme has three vision areas:
Digital India, an umbrella programme that covers multiple Government Ministries and Departments, is a consolidation of various smaller initiatives and ideas into a comprehensive vision. Each initiative is implemented as part of a larger goal under the overall coordination done by the Department of Electronics and Information Technology (DeitY).
The programme was to provide thrust to the nine pillars of growth areas:
Article Link: Super Six: 6 years of Digital India
Solution (d)
Digital India is a programme launched in 2015 to transform India into digital empowered society and knowledge economy. It would also bring in public accountability through mandated delivery of government’s services electronically.
The Digital India programme has three vision areas:
Digital India, an umbrella programme that covers multiple Government Ministries and Departments, is a consolidation of various smaller initiatives and ideas into a comprehensive vision. Each initiative is implemented as part of a larger goal under the overall coordination done by the Department of Electronics and Information Technology (DeitY).
The programme was to provide thrust to the nine pillars of growth areas:
Article Link: Super Six: 6 years of Digital India
With reference to LEAF coalition, seen recently in news, consider the following statements:
Which of the above statements is/are correct?
Solution (a)
LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition was announced at the Leaders Summit on Climate, 2021.
LEAF coalition will be one of the largest ever public-private efforts to protect tropical forests and intend to mobilize at least USD 1 billion in financing to countries committed to protecting their tropical forests.
It is a collective of the United States, United Kingdom and Norway governments came up with a $1 billion fund plan that shall be offered to countries committed to arrest the decline of their tropical forests by 2030.
The LEAF coalition initiative is a step towards concretising the aims and objectives of the Reducing Emissions from Deforestation and Forest Degradation (REDD+) mechanism.
REDD+ was created by the United Nations Framework Convention on Climate Change (UNFCCC). It monetised the value of carbon locked up in the tropical forests of most developing countries, thereby propelling these countries to help mitigate climate change.
Article Link: LEAF Coalition’s proposal is a step forward in saving forests, indigenous peoples
Solution (a)
LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition was announced at the Leaders Summit on Climate, 2021.
LEAF coalition will be one of the largest ever public-private efforts to protect tropical forests and intend to mobilize at least USD 1 billion in financing to countries committed to protecting their tropical forests.
It is a collective of the United States, United Kingdom and Norway governments came up with a $1 billion fund plan that shall be offered to countries committed to arrest the decline of their tropical forests by 2030.
The LEAF coalition initiative is a step towards concretising the aims and objectives of the Reducing Emissions from Deforestation and Forest Degradation (REDD+) mechanism.
REDD+ was created by the United Nations Framework Convention on Climate Change (UNFCCC). It monetised the value of carbon locked up in the tropical forests of most developing countries, thereby propelling these countries to help mitigate climate change.
Article Link: LEAF Coalition’s proposal is a step forward in saving forests, indigenous peoples
Consider the following statements:
Which of the above statements is/are correct?
Solution (d)
A Provisioning Coverage Ratio or PCR is the percentage of funds that a bank sets aside for losses due to bad debts. A high PCR can be beneficial to banks to buffer themselves against losses if the NPAs start increasing faster. A quick glance at the PCR ratio of the bank can tell you if the bank is vulnerable to NPAs or not. Typically, a PCR ratio of 70%+ is considered healthy for banks.
Provision Coverage Ratio = Total provisions / Gross NPAs.
Capital adequacy ratio is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. A high CAR indicates that the bank has enough capital to manage sudden losses. On the other hand, a low CAR indicates a bank that carries the risk of failure. RBI announces the CAR required for banks in accordance with Basel norms time to time. A CAR of 8-12% is usually considered average.
Article Link: RBI Financial Stability Report: Prices, Covid variants threats to recovery
Solution (d)
A Provisioning Coverage Ratio or PCR is the percentage of funds that a bank sets aside for losses due to bad debts. A high PCR can be beneficial to banks to buffer themselves against losses if the NPAs start increasing faster. A quick glance at the PCR ratio of the bank can tell you if the bank is vulnerable to NPAs or not. Typically, a PCR ratio of 70%+ is considered healthy for banks.
Provision Coverage Ratio = Total provisions / Gross NPAs.
Capital adequacy ratio is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. A high CAR indicates that the bank has enough capital to manage sudden losses. On the other hand, a low CAR indicates a bank that carries the risk of failure. RBI announces the CAR required for banks in accordance with Basel norms time to time. A CAR of 8-12% is usually considered average.
Article Link: RBI Financial Stability Report: Prices, Covid variants threats to recovery
Tillanchong Island, seen recently in news, is part of:
Solution (c)
The Tillangchong Island is a part of the Nicobar Islands chain, located in the northeast Indian Ocean between the Bay of Bengal and the Andaman Sea.
The island has the largest surviving populations of the endemic Nicobar megapode (Megapodius nicobariensis) and is a protected sanctuary.
This island harbours virtually all animal species found in the Nicobar archipelago, including endemic bird species such as the Nicobar Megapode, Nicobar Sparrowhawk, Glossy Swiftlet, Edible-nest Swiftlet, Andaman Wood Pigeon and Nicobar Parakeet.
Solution (c)
The Tillangchong Island is a part of the Nicobar Islands chain, located in the northeast Indian Ocean between the Bay of Bengal and the Andaman Sea.
The island has the largest surviving populations of the endemic Nicobar megapode (Megapodius nicobariensis) and is a protected sanctuary.
This island harbours virtually all animal species found in the Nicobar archipelago, including endemic bird species such as the Nicobar Megapode, Nicobar Sparrowhawk, Glossy Swiftlet, Edible-nest Swiftlet, Andaman Wood Pigeon and Nicobar Parakeet.
“Indrajaal”, seen recently in news, is:
Solution (b)
Hyderabad-based technology R&D firm Grene Robotics has designed and developed India’s first indigenous drone defence dome called “Indrajaal”.
The drone defence dome has the capability to autonomously protect an area of 1000-2000 sq km against the aerial threats by assessing and acting on aerial threats such as Unmanned Aerial Vehicles (UAVs), loitering munitions, and Low- Radar Cross Section (RCS) targets.
Salient features of Indrajaal are:
Article Link: What makes Indrajaal, India’s first autonomous digital drone system unique
Solution (b)
Hyderabad-based technology R&D firm Grene Robotics has designed and developed India’s first indigenous drone defence dome called “Indrajaal”.
The drone defence dome has the capability to autonomously protect an area of 1000-2000 sq km against the aerial threats by assessing and acting on aerial threats such as Unmanned Aerial Vehicles (UAVs), loitering munitions, and Low- Radar Cross Section (RCS) targets.
Salient features of Indrajaal are:
Article Link: What makes Indrajaal, India’s first autonomous digital drone system unique
