10 PM Current Affairs Quiz: June 2, 2020

Statement 1 is correct. The Delimitation Commission in India is a high-power body whose orders have the force of law and cannot be called in question before any court.

These orders come into force on a date to be specified by the President of India. The copies of its orders are laid before the House of the People and the State Legislative Assembly concerned, but no modifications are permissible by them.

Statement 2 is incorrect. The commission is chaired a person who is or has been a Judge of the Supreme Court and is appointed by the Central Government. The Chief Election Commissioner or an Election Commissioner nominated by the Chief Election Commissioner is ex officio member to the commission.

UT of Jammu and Kashmir shares its border with Pakistan, Punjab, Himachal Pradesh and UT of Ladakh.

Statement 1 is incorrect. Social stock exchange (SSE) is a platform on which social enterprises, volunteer groups and welfare organizations are listed so that they can raise capital through debt, equity and mutual funds.

Statement 2 is correct. The SSE was proposed in the budget speech in July 2019. The proposed exchange will be under the regulation of Securities and Board Exchange of India (SEBI) which formed an expert panel headed by IshaatHussain to suggest structure, norms for social stock exchanges

Statement 1 is correct. The Bar Council of India is a statutory body created by Parliament under the Advocates Act, 1961.

Statement 2 is correct. Its functions includes to lay down standards of professional conduct and etiquette for advocates, procedure to be followed by its disciplinary committee and the disciplinary committees of each State Bar Council and to safeguard the rights, privileges and interests of advocates.

Statement 3 is correct. It recognizes the Universities whose degree in law shall be a qualification for enrolment as an advocate. It also visits and inspects Universities or directs the State Bar Councils to visit and inspect Universities for this purpose.

Statement 1 is incorrect. National Center for Seismology (NCS) is the nodal agency of the Government of India for monitoring of earthquake activity in the country. It is an attached office of the Ministry of Earth Sciences, Government of India.

Statement 2 is correct. NCS maintains and operates National Seismological Network of 115 stations having state of art equipment. NCS monitors earthquake activity all across the country through its 24×7 round the clock monitoring center. NCS also monitors earthquake swarm and aftershock through deploying temporary observatory close to the affected region.

All of the mentioned factors are potential supply side constraints for economic growth in a country.

Over-regulation and stringent norms often discourage the industrial growth and investments.

A regular and cost-effective electricity supply is vital for most of the industrial units which can make or break the profit margins for a company.

Credit availability at reasonable cost is one of the basic factors for industrial growth and expansion, a higher cost of credit in-effect hampers the overall expansion of the economy.

Statement 1 is incorrect. The Council of States is a Permanent House and is not subject to dissolution. Almost one third of its members retire every 2nd year and an equal number of members are chosen to replace them.

Constitution under article 85(2) provides that the President may from time to time (a) prorogue the Houses or either House; (b) dissolve the House of the People.

Statement 2 is correct. Article 85(1) of the constitution provides that the President shall from time to time summon each House of Parliament to meet at such time and place as he thinks fit, but six months shall not intervene between its last sitting in one session and the date appointed for its first sitting in the next session.

Both statements are correct.

Under Section 70B (1) of the Information Technology Act, government has notified the CERT-In, Ministry of Electronics and Information Technology to serve as national agency for incident response. It has been assigned following functions:

-collection, analysis and dissemination of information on cyber incidents.

-forecast and alerts of cyber security incidents.

-emergency measures for handling cyber security incidents.

-coordination of cyber incidents response activities.

-issue guidelines, advisories, vulnerability notes and white papers relating to information security practices, procedures, prevention, response and reporting of cyber incidents.

All of the statements given above are correct.

The Ministry of Housing and Urban Affairs has announced a scheme for street vendors named PM Street Vendors AtmaNirbharNidhi(PM SVANidhi).

The vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of one year.

On timely or early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on six monthly basis.

Statement 1 is incorrect. India’s National Artificial Intelligence (AI) Portal called http://www.ai.gov.in has been launched recently. It has been jointly developed by the Ministry of Electronics and IT and IT Industry. National e-Governance Division of Ministry of Electronics and IT and NASSCOM from the IT industry will jointly run this portal.

Statement 2 is correct. The portal is to be a one stop digital platform for AI related developments in India, sharing of resources such as articles, startups, investment funds in AI, resources, companies and educational institutions related to AI in India.

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