[Mission 2022] QUIZ – 2021: Insights Current Affairs Quiz , 17 March 2022 – INSIGHTSIAS

Solution: c)

Aimed at providing accessible, standardised and affordable generic medicines, the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) Kendras, which currently offer a product basket of 1,451 drugs and 240 surgical instruments, have added nutraceuticals products, including protein powder and bar, malt-based food supplements and immunity bar for its customers.

Under the PMBJP being implemented by the Department of Pharmaceuticals, a medicine is priced on the principle of maximum of 50% of average price of the top three brands of the said medicine. Thus, the prices of Jan Aushadhi Medicines are cheaper at least by 50% and in some cases, by 80% to 90% of the market price of the branded medicines.

Source

Solution: a)

Initial public offering (IPO) is the process by which a private company can go public by sale of its stocks to general public. It is being promoted by SEBI.

Currency futures are a transferable futures contract that specifies the price at which a currency can be bought or sold at a future date. Currency future contracts allow investors to hedge against foreign exchange risk. Thus, it is being promoted by SEBI.

Start-up companies with a potential to grow need a certain amount of investment. Wealthy investors like to invest their capital in such businesses with a long-term growth perspective. This capital is known as venture capital and the investors are called venture capitalists. Thus, it is being promoted by SEBI.

Insider trading is defined as a malpractice wherein trade of a company’s securities is undertaken by people who by virtue of their work have access to the otherwise non- public information which can be crucial for making investment decisions. Thus, it is highly discouraged by the Securities and Exchange Board of India to promote fair trading in the market for the benefit of the common investor.

Solution: a)

In India, National Pharmaceutical Pricing Authority under the Department of Pharmaceuticals regulates the prices of all drugs – whether branded or generic. While it fixes the ceiling price of scheduled medicines specified in the first schedule of the Drugs (Prices Control) Order, 2013, in case of non-scheduled medicines, the manufactures are free to fix Maximum Retail Price (MRP) of the drug. However, DPCO provides that the same do not increase by more than 10% of their MRP during the preceding twelve months.

Source

Solution: d)

The Chennai Declaration, a consortium of doctors and health-care institutions against Antimicrobial Resistance (AMR), was formed in 2012.

Source

Solution: a)

Exchange Traded Funds (ETFs):

• Typically, an ETF mirrors a particular index, which means the group of stocks in the ETF would be similar to those in the index that it is benchmarked to.
• They are traded on stock exchanges like shares.
• Usually, ETFs are passive funds where the fund manager doesn’t select stocks on your behalf.Instead, the ETF simply copies an index and endeavours to accurately reflect its performance.
• In an ETF, one can buy and sell units at prevailing market price on a real time basis during market hours.