Apala mishra AIR - 9 UPSC Polity Notes (GS2) for mains.
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🌀Bad Bank
◾️News: RBI Governor has agreed to look at a proposal for creating a Bad Bank.
◾️Key points:
1. Function as a bank but has bad assets to start with.
2. It is an Asset Reconstruction Company (ARC) or an Asset Management Company (AMC).
3. It is not involved in lending and taking deposits.
4. It helps commercial banks clean up their balance sheets and resolve bad loans.
5. US-based Mellon Bank created the first bad bank in 1988.
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■ INTERIM GOVERNMENT (1946)
Members and portfolio they held.
◇ Jawaharlal Nehru - Vice-President of the Council; External Affairs & Commonwealth Relations.
◇ Sardar Vallabhbhai Patel - Home, Information & Broadcasting.
◇ Dr. Rajendra Prasad - Food & Agriculture.
◇ Dr. John Mathai - Industries & Supplies.
◇ Jagjivan Ram - Labour.
◇ Sardar Baldev Singh - Defence.
◇ C.H. Bhabha - Works, Mines & Power.
◇ Liaquat Ali Khan - Finance.
◇ Abdur Rab Nishtar - Posts & Air.
◇ Asaf Ali - Railways & Transport.
◇ C. Rajagopalachari - Education & Arts.
◇ I.I. Chundrigar - Commerce.
◇ Ghaznafar Ali Khan - Health
◇ Joginder Nath Mandal - Law
What is Global Zero?
-> Global Zero is the international movement for the elimination of all nuclear weapons.
-> Its members understand that the only way to eliminate the nuclear threat – including proliferation, nuclear terrorism and humanitarian catastrophe – is to stop the spread of nuclear weapons, secure all nuclear materials and eliminate all nuclear weapons: global zero.
-> The movement combines cutting-edge policy development and direct dialogue with governments with public outreach, including media, online and grassroots initiatives to make the elimination of nuclear weapons an urgent global imperative.
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Eco-Sensitive Zone:
-> The Eco-Sensitive Zone has a minimum extent of 100 metres and maximum extent of up to 4 km from the Park boundary.
-> The objective of notifying Eco-Sensitive Zones is to create a buffer as further protection around Protected Areas (PAs) such as National Parks and Wildlife sanctuaries.
-> MoEFCCC is responsible for ESZ.
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Q1. The Economic Survey is complied by:
a) Office of economic advisor.
b) Central Statistical office ( CSO )
c) National Sample Survey Organization (NSSO)
d) Department of economic affairs.
Answer & Explanation
d) Department of economic affairs. The Economic Survey is complied by Department of economic affairs, Ministry of Finance. Office of economic advisor publishes WPI, while CSO publishes IIP and CPI.
Budapest Convention
-> It is the first international treaty seeking to address Internet and computer crime by harmonizing national laws, improving investigative techniques, and increasing cooperation among nations.
-> It was drawn up by the Council of Europe in Strasbourg, France, with the active participation of the Council of Europe’s observer states Canada, Japan, South Africa and the United States.
Solar Cycle
▪️A cycle in which the amount of magnetic flux that rises up to the Sun's surface varies with time is called the solar cycle.
Solar Tsunami
▪️Solar tsunami is the waves of the magnetic field and hot, ionized gas moving across the Sun at about 400 km per second
Solar Dynamo
▪️Solar Dynamo is a naturally occurring generator which produces electric and magnetic fields in the sun.
Sun Spot
▪️Sunspots are areas that appear dark on the surfaceof the Sun. They appear dark because they are cooler than other parts of the Sun’s surface
Which is Not Naturally Occurring Greenhouse Gas?
(a) Nitrous oxide
(b) Methane
(c) Carbon dioxide
(d) Ethane
In which of the following cases , the supreme court has issued specific guidelines regarding arrest ?
(A) Vishakha v state of Rajasthan
(B) A.R Antulsy's Case
(C) D.K Basu's case
(D) Nandini Satpathy 's case
Ishita Kishore
UPSC AIR, IAS Rank - 1,
CSE 2022,
Answer Booklet
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√√ रेखा का नाम – ओडरनास रेखा (Order-Neisse Line)
● किसके बीच – जर्मनी तथा पोलैंड
● द्वितीय विश्व युद्ध के बाद निर्धारित की गई।
Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora or CITES, aims at regulating the international trade of specimens of endangered animals and plants. India has ratified this Convention in 1976.
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🌀Monetary Policy Committee (MPC)
▫️The RBI has a government- constituted Monetary Policy Committee (MPC) which is tasked with framing monetary policy using tools like the Repo Rate, Reverse Repo Rate, Bank Rate, Cash Reserve Ratio.
▫️The MPC is entrusted with the responsibility of deciding the different policy rates including, Marginal Standing Facility, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility.
▪️Composition of MPC
▫️The committee will have six members. Of the six members, the government will nominate three. No government official will be nominated to the MPC.
▫️The other three members would be from the RBI with the governor being the ex-officio chairperson. Deputy governor of RBI in charge of the monetary policy will be a member, as also an executive director of the central bank.
▪️Selection of members
▫️The government nominees to the MPC will be selected by a Search-cum-Selection Committee under Cabinet Secretary with RBI Governor and Economic Affairs Secretary and three experts in the field of economics or banking or finance or monetary policy as its members.
▪️Term of Members
▫️Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment.
Creeping inflation (1-4%)
🌳When the rate of inflation slowly increases over time.
🌳 For example, the inflation rate rises from 2% to 3%, to 4% a year. Creeping inflation may not be immediately noticeable, but if the creeping rate of inflation continues, it can become an increasing problem.
What is Green Muffler
-> Green Muffler is a technique of reducing noise pollution by planting 4-6 rows around the populated areas or noisy places like along Roadsides, Industrial areas, Societies near highways.
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“Disturbed Area”
◾️Declared by notification under Section 3 of the AFSPA. ◾️An area can be disturbed due to differences or disputes between members of different religious, racial, language or regional groups or castes or communities. ◾️ Central Government or the Governor of the State or administrator of the Union Territory can declare the whole or part of the State or Union Territory as a disturbed area.
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There are 4 key terms that are emerging in the discourse of nanotechnology:
1. Nanobacteria:
Nanobacteria are nano-sized in that they are from 20—200 nanometres (run) in size and are the smallest known self-replicating bacteria.
2.Nanoemulsion: Nanoemulsions are a class of extremely small droplets that appear to be transparent or translucent with a bluish colouration. They are usually in the range 50 to 200 nm but much smaller than the range (from 1 to 100 pm) for conventional emulsions.
3.Nanog: Nanog is a key pluripotency regulator critically important in the process of self-renewal of undifferentiated stem cells. It is encoded by the NANOG gene.
4. Nanogels: Nanogels are composed of cross-linked three-dimensional polymer chain networks that are formed via covalent linkages or self-assembly processes.
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🔆Fourth Industrial Revolution/ Industry 4.0
✓ongoing transformation in traditional manufacturing
✓use of latest smart technology, Automated machines, Robotics, Artificial intelligence, Internet of things
✓Minimal Human intervention needed
✓Machine2 Machine communication
✓Machines will be able to detect problems and risks in advance based on huge data processing and will notify in advance to reduce risks and human loss
✓to Run these machines , 5G technology will be needed, only data speed provided in 5G can cater to the need of machines
✓Trends-> Big data processing, IoT, Mobile Devices, Virtual Reality, 3 D printing, Automated Sensors, AI enabled systems, Cloud Storage and Cloud Computing, Congnitive computing etc.
The first Famine Commission was constituted under ____.
(A) Campbell commission
(B) MacDonnell Commission
(C) Strachey commission
(D) Lyall commission
Though a cheque resembles a bill of exchange in many respects but it is also a different instrument in other respects. Point out which one of the following statements regarding difference between cheque and bill of exchange is incorrect.
(A) A cheque does not require acceptance but a bill of exchange requires it.
(B) A cheque is not intended for circulation but bill of a exchange is intended.
A cheque is not entitled to some days of grace but it is in case of bill of exchange.
(D) A cheque is dishonored by non-acceptance but this is not so in case of bill of exchange.
The sensation of fatigue in the muscles after prolonged strenuous physical work is caused by ____.
(A) The accumulation of lactic acid
(B) The depletion of glucose
(C) Minor wear and tear of muscle fibres
(D) A decrease in the supply of oxygen