[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 12 April 2022 – INSIGHTSIAS

Solution: a)

The National Centre for Coastal Research (NCCR), Chennai, an attached office of the Ministry of Earth Sciences (MoES) is monitoring shoreline erosion since 1990 using remote sensing data and GIS mapping techniques.

Another organisation under the MoES, the Indian National Centre for Ocean Information Services (INCOIS), has prepared and published an atlas of Coastal Vulnerability Index (CVI) maps for the entire coastline of India at a 1:100000 scale using data on sea level rise, coastal slope, shoreline change rate, coastal elevation, coastal geomorphology, tidal range and significant wave height.

Source

Solution: b)

The UNFCCC was adopted in 1992 at the Rio Earth Summit, which marked the beginning of the international community’s first concerted effort to confront the problem of climate change.

Known also as the Rio Convention, the UNFCCC established a framework for action to stabilise concentrations of greenhouse gases in the earth’s atmosphere.

The UNFCCC entered into force in 1994, and nearly all of the world’s nations—a total of 197—have ratified.

The framework sets non-binding limits on greenhouse gas emissions for individual countries and contains no enforcement mechanisms. 

Solution: c)

Participatory Notes, also called P-Notes or just PNs are instruments that are issued by registered FIIs to overseas investors who want to invest in the stock markets in India, without registering themselves with the market regulatory authority SEBI. PNs are not used within India but by investors abroad. Hence, they are also known as offshore derivative instruments. They are used by clients of FIIs who do not wish to directly participate in the stock market in India, but do it through the FIIs using PNs.

The P-Note holder also does not enjoy any voting rights in relation to security/shares referenced by the P-Note.

Solution: d)

Petroleum is found between the layers of rocks and is drilled from oil fields located in off-shore and coastal areas. This is then sent to refineries which process the crude oil and produce a variety of products like diesel, petrol, kerosene, wax, plastics and lubricants. Petroleum and its derivatives are called Black Gold as they are very valuable.

Solution: b)

The Financial Action Task Force (FATF) was established in July 1989 by a Group of Seven (G-7) Summit in Paris.

The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Starting with its own members, the FATF monitors countries’ progress in implementing the FATF Recommendations; reviews money laundering and terrorist financing techniques and counter-measures; and, promotes the adoption and implementation of the FATF Recommendations globally.

In April 2012, it added efforts to counter the financing of proliferation of weapons of mass destruction.