1) Which of the following is true in context of Elephant Corridors –
1. Presently there are less than 50 elephant corridors in India.
2. West Bengal has the maximum Elephant Corridors in India.
A. 1 only
B. 2 only
C. Both
D. None
- Elephant corridors — essentially linear patches of natural vegetation that connect two habitats — are important for jumbo movement and necessary for the herd to maintain a healthy population. However, sprouting of roads, railway lines, electricity towers, canals, and human settlements in these corridors are forcing elephants to stray from their natural paths, causing conflict situations with disastrous results for both man and animal. According to the report, ‘Right of Passage: Elephant Corridors of India’, by the Delhi-based Wildlife Trust of India last year, an average of around 100 elephants are killed every year either due to train collisions, electrocution or road accidents. The report also adds that an estimated 400-450 people die due to confrontation with elephants each year.
2) Which of the following is true in context of India-Japan Currency Swap Agreement –
1. Japan can also seek dollars from India in exchange for yen.
2. It will help meet short-term liquidity mismatches.
A. 1 only
B. 2 only
C. Both
D. None
3) Which of the following is true regarding Forest Advisory Council –
1. FAC advises the ministry on any activity that requires the diversion of forestland for non-forest use.
2. The committee was constituted under the Forest Conservation Act, 1980.
3. The recommendations of the Council are binding on the government.
A. 1 & 2 only
B. 2 & 3 only
C. 1 & 3 only
D. All of the above
- FAC advises the ministry on any activity that requires the diversion of forestland for non-forest use. The committee was constituted under the Forest Conservation Act, 1980.
The first such body was constituted at a time when the ministry did not exist, but the charge of the department was held by then Prime Minister, Indira Gandhi.
It is just an advising body and the minister may choose not to listen to its recommendations.
At times, the ministry has had to look into the broader aspect of development and growth over forest conservation.
The FAC, with seven members — three of them independent — is headed by the director general of forest.
4) Which of the following is true regarding NFRA (National Financial Reporting Authority) –
1. It will be a quasi-judicial body.
2. It is formed under Companies Act 2013.
A. 1 only
B. 2 only
C. Both
D. None
- National Financial Reporting Authority (NFRA) is a body proposed in Companies Act 2013 for the establishment and enforcement of accounting and auditing standards and oversight of the work of auditors.
It will have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908, while trying a suit, in respect of a few matters.
Where professional or other misconduct is proved, have the power to make order for imposing penalty as well as debarring the member or the firm from engaging himself or itself from practice as member of the Institute of Chartered Accountant of India.
5) According to a recent report by ADB, which of the following is true in context of FDI inflows in 2017 –
1. Asia is the second largest recipient of FDI globally after Europe.
2. Globally, China attracted the most FDI.
A. 1 only
B. 2 only
C. Both
D. None
- According to the ADB report, Asia has been the largest recipient of FDI in 2017. Globally, USA attracted the most FDI.
Report published in Times of India