10 PM Current Affairs Quiz : December 11

Statement 1 is correct. India is hosting the 2017 edition of “Bodhi Parva:  BIMSTEC Festival of Buddhist Heritage” in New Delhi as part of celebrations of 20th Anniversary of BIMSTEC. The festival is organized by the Ministry of External Affairs (MEA) along with Teamwork Arts.

Statement 2 is correct. ‘Bodhi Parva’ has entwined various threads of the Buddhist heritage into a beautiful melange including an exhibition of international and Indian Buddhist art and architecture, discourses by eminent scholars and practitioners of Buddhism, guided meditation and chanting by Buddhist monks and choir, screening of film on Buddhism, dance and music performances, quiz show and a food trail. These will help in building an awareness of BIMSTEC’s rich and common heritage.

Statement 1 is correct.  The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organization involving a group of countries in South Asia and South East Asia.

Statement 2 is correct. The main objective of BIMSTEC is technological and economical cooperation among South Asian and South East Asian countries along the coast of the Bay of Bengal.

Statement 3 is incorrect. The headquarters of BIMSTEC is in Dhaka.

Statement 1 is correct. . The Vyas Samman is given to a Hindi literary work published in the past 10 years Eminent Hindi writer Mamta Kalia will be honoured with literary award Vyas Samman for year 2017 for her novel “Dukkham Sukkham”. The author has earlier received “Yashpal Katha Samman” from Uttar Pradesh Hindi Sansthan, “Sahitya Bhushan Samman” and “Ram Manohar Lohia Samman”.

Statement 2 is correct.  Eminent literary critic and poet Ram Vilas Sharma is the first recipient of this award in 1991.

Statement 3 is correct. It is awarded annually by the K.K. Birla Foundation.

List of Intangible Cultural Heritage of Humanity from India:

• Koodiyattam, Sanskrit Theatre, Kerala
• Mudiyett: a ritual theatre of Kerala
• The Tradition of Vedic Chanting
• Ramlila – the Traditional Performance of the Ramayana
• Ramman: religious festival and ritual theatre of the Garhwal Himalayas
• Kalbelia: folk songs and dances of Rajasthan
• Chhau dance: a tradition from eastern India
• Buddhist chanting of Ladakh: recitation of sacred Buddhist texts in the trans-Himalayan Ladakh region, Jammu and Kashmir, India
• Sankirtana, ritual singing, drumming and dancing of Manipur
• Traditional brass and copper craft of utensil making among the Thatheras of Jandiala Guru, Punjab
• Yoga
• Kumbh Mela

The Financial Resolution and Deposit Insurance Bill, 2017 provides for the setting up of a Resolution Corporation. It seeks to replace the existing Deposit Insurance and Credit Guarantee Corporation. The corporation will be tasked with monitoring financial firms, anticipating their risk of failure, taking corrective action and resolving them in case of failure. Thus, statement 1 is correct.

The corporation is also tasked with providing deposit insurance up to a certain limit yet to be specified, in the event of a bank failure. Thus, statement 2 is correct.

Terrace cultivation, method of growing crops on sides of hills or mountains by planting on graduated terraces built into the slope. Though labour-intensive, the method has been employed effectively to maximize arable land area in variable terrains and to reduce soil erosion and water loss. Thus, statement 1 is correct.

Terraced farming was developed by the Wari culture and other peoples of the south-central Andes before 1000 AD, centuries before they were used by the Inca, who adopted them. The terraces were built to make the most efficient use of shallow soil and to enable irrigation of crops. Thus, statement 2 is correct.