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Q 1. Which of the following facilities are provided to Fishermen under the Pradhan Mantri Matsya Sampada Yojana (PMMSY)?
1. Insurance cover
2. Financial assistance
3. Facility of Kisan Credit Card
Select the correct answer using the codes given below:
a. 1 and 2 only
b. 2 and 3 only
c. 1 and 3 only
d. 1, 2 and 3
Answer: (d)
Recently, the second Anniversary of Pradhan Mantri Matsya Sampada Yojana (PMMSY) was celebrated. PMMSY envisages generation of 68 lakh Employment by the end of 2024-25.
Option (d) is correct: Pradhan Mantri Matsya Sampada Yojana (PMMSY) was introduced by the Government of India, as part of the ‘Atma Nirbhar Bharat’ package with the investment of Rs. 20,050 crores, the highest ever investment in the Fishery sector. Fishermen are provided with insurance cover, financial assistance, and a facility of Kisan Credit Card as well.
Seven component schemes under PMKSY:
- Mega Food Parks.
- Integrated Cold Chain and Value Addition Infrastructure.
- Infrastructure for Agro-Processing Clusters.
- Creation of Backward and Forward Linkages.
- Creation/Expansion of Food Processing & Preservation Capacities.
- Food Safety and Quality Assurance Infrastructure.
- Human Resources and Institutions.
Under PMKSY, capital subsidy in the form of grants-in-aid ranging from 35% to 75% of the eligible project cost subject to a maximum specified limit is provided to investors under the various schemes for undertaking infrastructure, logistic projects and setting up of food processing units in the country.
Q 2. With reference to Indo-Pacific Economic Framework (IPEF), consider the following statements:
1. The IPEF was launched in 2021 and its members together represent 40% of the world GDP.
2. Currently, India and 13 countries located in the Pacific Ocean are the members of IPEF.
Which of the statements given above is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Answer: (c)
Recently, the Minister of Commerce & Industry addressed the Indo-Pacific Economic Framework (IPEF) Ministerial meeting in the US, where India decided to stay away from the Fair & resilient trade Pillar. India agreed to three out of four pillars, which are Supply Chains, Tax & Anti-Corruption and Clean Energy.
Statement 1 is correct: Indo-Pacific Economic Framework (IPEF) is a US-led initiative that aims to strengthen economic partnership among participating countries to enhance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region. The IPEF was launched in 2021 with a dozen initial partners who together represent 40% of the world GDP.
Statement 2 is correct: Currently, India and 13 countries located in the Pacific Ocean are its members. Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States, and Vietnam are the members of Indo-Pacific Economic Framework (IPEF).
Q 3. Which of the following country launched the world’s first fleet of fully hydrogen-powered train?
a. France
b. Germany
c. Russia
d. Belgium
Answer: (b)
Option (b) is correct: Recently, Germany launched the world’s first fleet of fully hydrogen-powered trains, these are emissions-free trains that can reach speeds of 140 kilometres per hour and can run about 1,000 km before the tank runs dry.
The Coradia iLint is the world’s first passenger train to run on a hydrogen fuel cell that generates electrical energy for propulsion. This completely emission-free train is quiet and emits only water vapour and condensation. The Coradia iLint features several innovations: clean energy conversion, flexible energy storage in batteries, and intelligent management of motive power and available energy. Specifically developed for use on non-electrified lines, it enables clean, sustainable train operation while maintaining high performance. On evb’s network, the train travels at speeds of 80 to 120, with a maximum speed of 140 kilometres per hour.
The iLint was designed by Alstom teams in Salzgitter (Germany), our centre of excellence for regional trains, and in Tarbes (France), centre of excellence for traction systems. The project benefits from the support of the German government and the development of the Coradia iLint was funded as part of the National Innovation Programme for Hydrogen and Fuel Cell Technology (NIP) by the German government.
Q 4. With reference to Central Adoption Resource Authority (CARA), consider the following statements:
1. It has been set up as a statutory body of the Ministry of Social Justice and Empowerment
2. It functions as a nodal body for the adoption of Indian children and is mandated to monitor and regulate in-country and inter-country adoption.
3. It deals with adoption of orphan, abandoned and surrendered children through its associated adoption agencies.
Which of the statements given above is/are correct?
a. 1 and 2 only
b. 2 and 3 only
c. 1 and 3 only
d. 1, 2 and 3
Answer: (b)
The Parliament in July 2021 passed the Juvenile Justice (Care and Protection of Children) Amendment Bill, 2021. Thereafter, amendments to the Juvenile Justice (Care and Protection of Children) Model Rules, 2016 were notified. There has been confusion over implementation of new adoption rules that require transfer of adoption petitions from courts to District Magistrates (DMs).
Statement 1 is not correct: Central Adoption Resource Authority (CARA) has been set up as a statutory body of the Ministry of Women and Child Development.
Statements 2 and 3 are correct: It functions as a nodal body for the adoption of Indian children and is mandated to monitor and regulate in-country and inter-country adoption. It deals with adoption of orphan, abandoned and surrendered children through its associated adoption agencies. It is designated as the Central Authority to deal with inter-country adoptions in accordance with the provisions of the Hague Conventions on Inter-Country Adoptions, 1993, ratified by the Government of India in 2003.
Q 5. With reference to Shell Companies, consider the following statements:
1. Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession.
2. In India, there is no specific law relating to shell companies.
Which of the statements given above is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Answer: (c)
Recently, The Serious Fraud Investigation Office (SFIO) has arrested a man who had masterminded the incorporation of a large number of shell companies linked to China.
Statement 1 is correct: The Companies Act, 2013 has not defined what a ‘shell company’ is and as to what kind of activities would lead to a company being termed a ‘shell’. Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession. The government views them with suspicion as some of them could be used for money laundering, tax evasion and other illegal activities.
Statement 2 is correct: In India, there is no specific law relating to “shell companies.” However, some laws help, to an extent, in curbing illegal activities such as money laundering and can indirectly be used to target shell companies — Benami Transaction (Prohibition) Amendment Act 2016; The Prevention of Money Laundering Act 2002 and The Companies Act, 2013.
