[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 18 May 2022 – INSIGHTSIAS

Solution: c)

Kisan Vikas Patra, popularly known as KVP, is a small savings scheme that is offered in the form of certificates in Indian Post Offices. This savings plan is a fixed-rate savings plan that aims to increase your money once a set length of time has passed that is during 124 months (10 years and 4 months).

The account can be opened by any adult or on behalf of a minor. Also, a minor who is above the age of 10 in his own name. While three individuals together can open a joint account.

Interest rate for the quarter ending June 30, 2022 is 6.9 % which is compounded annually.

There is no upper limit and the minimum is Rs. 1000 in multiples of Rs. 100. One can open any number of accounts.

KVP can be pledged or transferred as security.

The scheme is not eligible for tax deductions under Section 80C of the Internal Revenue Code, and the returns are fully taxable. Nonetheless, withdrawals after the maturity period are exempt from TDS (Tax Deducted at Source).

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Solution: d)

The onset of the monsoon over Kerala marks the beginning of the four-month, June-September southwest monsoon season over India, which brings more than 70 per cent of the country’s annual rainfall. The onset of the monsoon is a significant day in India’s economic calendar.

Is it unusual for the monsoon to hit the Kerala coast early?

Neither early nor late onset of the monsoon is unusual, even though the forecast for this year is for earlier than would be usually expected.

Does an early onset foretell a good monsoon?

No, it does not — just as a delay does not foretell a poor monsoon. The onset is just an event that happens during the progress of the monsoon over the Indian subcontinent.

A delay of a few days, or perhaps the monsoon arriving a few days early, has no bearing on the quality or amount of rainfall, or its regional distribution across the country, during the four-month monsoon season.

And does a delayed onset mean cascading delays across the country?

A delay in onset over Kerala can potentially delay the arrival of the monsoon in other parts of the country, especially in the southern states, which normally start getting rain within days of the monsoon reaching the Kerala coast.

But again, a delayed onset over Kerala does not automatically or invariably mean delays in the arrival of the monsoon over the entire country.

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Solution: d)

The Universal Periodic Review (UPR) is a unique process which involves a review of the human rights records of all UN Member States. The UPR is a State-driven process, under the auspices of the Human Rights Council, which provides the opportunity for each State to declare what actions they have taken to improve the human rights situations in their countries and to fulfil their human rights obligations.

As one of the main features of the Council, the UPR is designed to ensure equal treatment for every country when their human rights situations are assessed. The ultimate aim of this mechanism is to improve the human rights situation in all countries and address human rights violations wherever they occur. Currently, no other universal mechanism of this kind exists.

Solution: c)

Open-pit mining, also known as open-cast mining is a surface mining technique of extracting rock or minerals from the earth from an open-air pit, sometimes known as a borrow.

This form of mining differs from extractive methods that require tunnelling into the earth, such as long wall mining. Open-pit mines are used when deposits of commercially useful ore or rocks are found near the surface.

Most of the coal production in India comes from opencast mining, contributing over 83% of the total production.

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Solution: b)

The United Nations’ World Food Programme (WFP) has said that it is in discussions with India on procurement of wheat as several countries face food security challenges amid the Ukraine war.

The World Food Programme (WFP) is the food-assistance branch of the United Nations. It is the world’s largest humanitarian organization, saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

The operations are entirely funded through the generous voluntary contributions of donor governments, institutions, corporations and individuals.

WFP is an executive member of the United Nations Sustainable Development Group, a consortium of UN entities that aims to fulfil the 17 Sustainable Development Goals (SDG), with a priority on achieving SDG 2 for “zero hunger” by 2030.

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