Daily Current Affairs (MCQ) | Date 02.02.22

Daily Current Affairs (MCQ) | Date 02.02.22

Daily Current Affairs (MCQ) | Date 02.02.22

Q1. Chemical-free natural farming will be promoted throughout the country, with a focus on farmers’ lands in 5-km wide corridors along the Ganga, at the first stage. Which of the following are possible advantages of this move of the government as proposed in the Budget?

1. Cleaning of Ganga River
2. Conservation of agricultural biodiversity
3. Promotion of biofertilizers, city compost and farm manure

Select the correct answer from the codes given below

a. 1 and 2 only
b. 2 and 3 only
c. 3 only
d. 1, 2 and 3

Answer : d

Why is the Question ?

Agriculture and rural development:
Natural farming finds fertile ground
1. The recent spotlight on zero budget natural farming found an echo in the Budget speech, with the banks of the Ganga identified as the next focal point to promote agricultural practises that eschew chemical fertilisers.

2. Chemical-free natural farming will be promoted throughout the country, with a focus on farmers’ lands in 5-km wide corridors along the Ganga, at the first stage.
3. The government is also aiming at integrating the chemicalfree approach into a long-term policy by including it in the agricultural education curriculum.
4. Last month, the Prime Minister called for a zero budget natural farming (ZBNF) method to be adopted as a mass movement across the country. The Centre has sanctioned support for converting four lakh additional hectares of farmland in eight States to use the method.
5. These schemes were sanctioned for financial support under the Paramparagat Krishi Vikas Yojana scheme, meant to promote organic farming and soil health, Vedic farming, ZBNF and a host of other traditional methods.
6. In the 2022-23 Budget, the scheme has been submerged into an enlarged Rashtriya Krishi Vikas Yojana scheme. So it is unclear exactly how much funds have been allocated to natural farming.

Q2. Which of the following are possible uses of KISAN DRONES as proposed in the Budget 2022-2023?

1. Crop assessment
2. Digitisation of land records
3. Spraying of insecticides
4. Applying nutrients on fields

Select the correct answer using the codes given below.

a. 1 and 4 only
b. 2, 3 and 4 only
c. 2 and 3 only
d. 1, 2, 3 and 4

Answer : d

Why is the Question ?

Agri-tech: drones, start-up fund in focus
1. The emerging agri-tech sector has been enthused by the abundance of digital farming references in the Union Budget speech.
2. For delivery of digital and hi-tech services to farmers with the involvement of public sector research and extension institutions along with private agri-tech players and stakeholders of agri-value chain, a scheme through PPP [public-private partnership] mode will be launched.
3. A fund with blended capital, raised under the co-investment model, would be facilitated through NABARD. This is to finance start-ups for agriculture and rural enterprise, relevant for farm produce value chain.
4. The activities for these start-ups will include, inter alia, support for FPOs, machinery for farmers on a rental basis and technology, including IT-based support.
KISAN DRONES:
1. With a wider focus on drone technology, the Finance Minister promised to promote the use of “Kisan drones” for crop assessment, digitisation of land records, and spraying of insecticides and nutrients on fields.

2. The expansion of technology from just tractors and agrimachinery to ‘Kisan drones’ shows rising interest in the application of IoT in the sector.
3. In fact, the Budget speech emphasised the efficient use of land resources via technology.
4. States will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of records. The facility for transliteration of land records across any of the Schedule VIII languages will also be rolled out.
5. The adoption or linkage with National Generic Document Registration System (NGDRS) with the ‘One-Nation OneRegistration Software’, will be promoted as an option for a uniform process for registration and ‘anywhere registration’ of deeds and documents.

Q3. Consider the following statements about the Nonfungible tokens or NFTs

1. NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
2. NFTs can be used to represent real-world items like artwork and real-estate.
3. "Tokenizing" these real-world tangible assets allows them to be bought, sold, and traded more efficiently while reducing the probability of fraud.
4. NFTs can also be used to represent individuals' identities, property rights, and more

Select the correct answer using the codes given below.

a. 1 and 4 only
b. 2, 3 and 4 only
c. 2 and 3 only
d. 1, 2, 3 and 4

Answer : d

Why is the Question ?

What Is a Non-Fungible Token (NFT)?
Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.
Key Points:
 NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
 NFTs can be used to represent real-world items like artwork and real-estate.
 "Tokenizing" these real-world tangible assets allows them to be bought, sold, and traded more efficiently while reducing the probability of fraud.
 NFTs can also be used to represent individuals' identities, property rights, and more.