Daily Current Affairs (MCQ) | Date 18.11.21

Q1. Consider the following statements with regards to the Law Commission of India

1. It is neither constitutional nor a statutory body
2. The first law commission of independent India was set up in 1955
3. Its recommendations are binding on the Govt

Which among the following statements is/are correct?

1. 1 and 2 only
2. 2 only
3. 1 and 3 only
4. All of the above

Answer : a

Why is the Question ?

 The Law Commission of India is neither constitutional nor a statutory body. It is an executive body established by an order of the Govt of India. The first law commission of independent India was set up in 1955. The first-ever one was set up in 1834. Its recommendations are not binding on the Govt. It works as an advisory body for the Ministry of Law and Justice.

Q2. Consider the following statements with regards to the Bare Necessities Index

1. It also includes aspects like access to technology and the internet
2. It is based on 26 indicators in five dimensions
3. It is constructed on a district level basis

Which among the following statements is/are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Answer : d

Why is the Question ?

The Bare Necessities Index also includes aspects like access to technology and the internet. It is based on 26 indicators in five dimensions. It is constructed on a district level basis.

Q3. Consider the following statements with regards to Agriculture Infrastructure Fund

1. It aims to provide a short term debt financing facility for agriculture projects like post-harvest management Infrastructure and community farming assets
2. Loans will have interest subvention of 3% per annum up to a limit of Rs. 2 crores
3. The credit provided under this is not guaranteed in any manner.

Which among the following statements is/are correct?

1. 1 and 2 only
2. 2 only
3. 1 and 3 only
4. 1, 2 and 3

Answer : b

Why is the Question ?

It aims to provide medium to long term debt financing facility for agriculture projects like post-harvest management Infrastructure and community farming assets. Loans will have interest subvention of 3% per annum up to a limit of Rs. 2 crores. The credit provided under this is guaranteed under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.

Q4. India is to hold the first 2+2 diplomatic dialogue with Russia in December 2021. Which of the following countries already have 2+2 dialogues with India?

1. Japan
2. USA
3. Australia

Select the correct answer from the codes given Below

1. 1 and 2 only
2. 2 only
3. 1 only
4. 1, 2 and 3

India to hold first 2+2 with Russia on December 6

• External Affairs Minister S. Jaishankar and Defence Minister Rajnath Singh are likely to hold their first “2+2” format talks with their Russian counterparts, along with Russian President Vladimir Putin, who is expected to meet Prime Minister Narendra Modi for the annual summit.
• The 2+2 format is particularly significant, given that India conducts joint foreign and defence ministerial only with its closest ‘Quad’ partners — the U.S., Japan and Australia.