[Mission 2022] Insta– QUED ( Questions from Editorials ) 4 March 2022 – INSIGHTSIAS

Solution: d)

According to the 1936 Montreux Convention Regarding the Regime of the Straits, often referred to simply as the Montreux Convention, Turkey has control over both the Bosporus and Dardanelles straits.

In the event of a war, the pact gives Ankara the right to regulate the transit of naval warships and to block the straits to warships belonging to the countries involved in the conflict.

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Solution: c)

Zero Budget Natural Farming (ZBNF) is a set of farming methods, and also a grassroots peasant movement, which has spread to various states in India. It has attained wide success in southern India, especially the southern Indian state of Karnataka where it first evolved.  The movement in Karnataka state was born out of collaboration between Mr Subhash Palekar, who put together the ZBNF practices, and the state farmers association.

The word ‘budget’ refers to credit and expenses, thus the phrase ‘Zero Budget’ means without using any credit, and without spending any money on purchased inputs. ‘Natural farming’ means farming with Nature and without chemicals. 

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Solution: a)

Fiscal Consolidation refers to the policies undertaken by Governments (national and sub-national levels) to reduce their deficits and accumulation of debt stock.

Farm loan waiver increases the expenditure of government. Thus, it will go against the principle of fiscal consolidation.

Rationalization of tax base increases the revenue for the government and promotes the fiscal consolidation.

Solution: b)

Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note and held in a dematerialized form through any of the depositories approved by and registered with SEBI. A CP is issued in minimum denomination of ₹5 lakh and multiples thereof and shall be issued at a discount to face value.

CP may be issued to and held by individuals, banking companies, other corporate bodies registered or incorporated in India and unincorporated bodies, Non-Resident Indians (NRIs) and Foreign Institutional Investors (FIIs). 

Solution: b)

An “Agro-climatic zone” is a land unit in terms of major climates, suitable for a certain range of crops and cultivars. The planning aims at scientific management of regional resources to meet the food, fiber, fodder and fuel wood without adversely affecting the status of natural resources and environment. Crop yield is (FAO, 1983). Agro-climatic conditions mainly refer to soil types, rainfall, temperature and water availability which influence the type of vegetations.

The Planning Commission, as a result of the mid-term appraisal of the planning targets of the Seventh Plan, has divided the country into fifteen broad agro-climatic zones based on physiography, soils, geological formation, Climate, cropping patterns, and development of irrigation and mineral resources for broad agricultural planning and developing future strategies.

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